THE WOOL SALES.

Dominion, Volume 3, Issue 763, 11 March 1910, Page 10

THE WOOL SALES.

_ The opening of the London wool sales has proved slightly disappointing. Tho opinion t was somewhat generally held that values ' of crossbred wool would improve, but according- to tlic ciiblcs the inferior grades >- fftfY® declined a modest 5 per cent, at most. t Inis is hardly worth noting for it is very .ikely tnat there will be a recovery • before the sales close. Much will depend upon the attitude of the Americans, whose operations appear to have an extensive and rather undue influence on the market. At present attention is focussed on merinos, and this class of wool has, in • consequence, appreciated in valuo. Quotab tions at the opsins of the January and J March sales, as furnished by tho cablegrams to the Rank of New Zealand, com* • pare as under:— ; January. March.' S r , „ d ' d - d - d- : Coarse crossbred— » M's'to 40's ... 105 to 11 105 to 11 " Meoiuiu crossbred— 1 44's to 46's ... 121 to 13 12} to 13 Fine crossbred— 50 ' s 151 to 14J 135 to 14* ; There is practically no difference in the quotations. I The Wellington wool sale will be held at 2 p.m. to-day in the Concert Chamber 'of } hQ ? 0WI * Hall, where about 2250 bales t and a few bags o? wool of sorts will be. 1 ottered. Prices will rule up to London . parity, at least that is .what is expected, • allowance being made, for the duality of i the wool. The- skin and hide sales follow. i - '^ le shipments of wool from Australasia ! irom July 1, 19C9, to February 28, 1910, as compiled by Messrs. Dalge'ty and Co., show as under;— ! 1910. ; , 1909. Xt o x, ™ . Bales. Bales. New. South Wales 724,201 749,428 Victoria • 480.627 418,783 S. Australia 152,410 152,668 Queensland . 183,444 139,943 W. Australia 58,728 53,371 Tasmania 15,527 16,997 v • • 1,614,937 1,531,150 jSew Zealand 390,854 356,559 • 2,005,791 1,887,749 The figures show a net increase of 118,042 bales, which is very satisfactory.