LONDON WOOL SALES.

Dominion, Volume 3, Issue 853, 27 June 1910, Page 9

LONDON WOOL SALES.

• $. SERIES FINISHING WITH PIiICES AT j THE HIGHEST I'OI.NT. , (From Our SDW-'ial Correspondent.! , London, J] ay ' ; 1. : Yesterday the third twit's of colonial ; wool sales lor the cm-rent year terminal- , ed, and buyer* on™ more wore K lad to : paclt their (raps anil depart for home. ' The closiiis days have born charactered : hy nothing diiierent to what d outlined in my "last lelta, except that the sail cahmily which has befall™ this iitit inn lias naturally cast a gioum over the whole, trade. Tho death nf Kins Edward VII has formed the ]>rim-ipal topic of conversation in all circles alike -, , and even nothhiß but the kindest words possible have been expressed. J.ast Saturday bcfoi'O the sale opened the chairman of llw Sulliii" Wool Brokers' Association. Sir. Kes-inal.l JJ.-Jacomb. aildrcssul the room, ami expressed the feelings of all present in'a feu- well-chosen sentences. A Rood many expected to see the sale withdrawn out of respect for th« deceased Jvms, but in view of tlic near approach of tii« Whitsuntide holidays, it was decided to continue as usual.* Quite a» much conipotition characterised that sitting, all alike feelins! that they could not mend matters by refraining from oparatiiis whilo they liad tiie chance, The- cauithis week have naturally been ot a somewhat miscellaneous character, cro-breds once more being the principal wools submitted. Home went home last wosk-end not to return again, these remarks applying bof.ti to Continental ami Homo trade buyers. All tho same, the benches of the Wool Uxchaiise continued to be well filled, asul on all hands competition has remained fully as Kei-n as during tho two previous weeks. To mi , mind tho outstanding feature of the series is the way tho catalogues have been cleared. Of course, I lie principal Imvin"- has been dolw by the Homo and Continental trades, but to find users supporliii" se.llins brokers so splendidly in view of the fact Hint at Home everybody seems to have as much wool as they will require for some months to come, is indeed wonderful. .Merinos nnvo been represented hy some fairly decent lines but there has not been anything like so good a show as lust week, and in the natural order of things the Retention will now Ret sensibly worse until ' newclip" wools begii-. to appear again. Inert is every possibility of there being a fair show of Queensland "new clip" at tho July eerie?, and as far as one can see 1 ho trade will be ready for the wool. Wo no-.v begin to encounter the second longest, vacation of tho whole year, and the tradewill be given n welcome brcrtHiniß space. I am certain a large number of ilvins have teen buying to stock during tho past three weeks, and without doubt they will !» given an opportunity of shifting ;; fair weight of their surplus wools. J. am satisfied that if the death oi (lie King does not to some extent upset the trade by causing accumulations of coloured fabrics among manufacturers, machinery is well able 1.0 get through the largo weights of raw niaterial that iu-o at present in consuming centres Kxcellent support has again been given tor fine wonis. Yorkshire topmnkers i" piptieular continuing to buy on a wry liberal scale. The principal offerings hare consisted of New South Wales and Queensland produce, while tho catalogues have also comprised many secondhand lots, all of which li.-ire done fairly well for the owners. For onco in a whilo tliefo speculators' wools have been very welcome, a sure proof of trade brin:; goad. In a slack season' those imports receive scant support at the hands of the trade, but when machinery is all busily employed, then buyers quickly avail' themselves of llioiti. Rome liavo naturally had to lie withdrawn on account of values riot being realised, and [or wool bought in tho market, say. sinco February, lifers have done remarkably well to S'ji out with them. All through the week 'hero has been offered a few nice clips from the south-eastern district of South Australia, and these have sold remarkably well. There never was a time when the trade appreciated quality so much as to-day, and these wools brim; similar in style am! clinracl-er to West. lar wav. On all hniids the call has been keen for CIV, and upwards, while tho Homo trade has also given good support to the stronger-tibred inclines, (icod shaft} - pieces have dime uncommonly well, while the demand for srour.-d fine locks is as pronounced as ever. These wools are very scarce, and have been all through the' series, and it has been no difficult task to obtain a full penny more for tlioiii than in March. CROSSBKEDS CONTINUE TO SELL FREELY. The surprise packet of the whole series is undoubtedly the way crossbreds liavo eolil. America has come into the market and bought linw and then half a dwell lots on an evening, but (ho purchases on account of the United States are very disappointing. Who can understand their methods of operation? They arc in one series for all they are worth, and bid ono against the other, and so influence prices oftentimes to the extent of lid- per Ib. The next series they drop out altogether, and a mild stump ensues. That is practically- what we have seen in regard to the'lightest and best-conditioned crossbreds at the Jlnrch ami May sulci;, prices suffering at each series. 1 am satistied if they would act with a little more discretion more beneficial results would accrue to the whole trade. However, American buyers con be left, 1.0 superintend their own business, for they must know better than anybody their oivn requirements. It is patent to all that conditions across'the Atlantic cannoi bo so very satisfactory, otherwise l.hc-v would have, bought far more than they have. The Home trade has had the opportunity of acquiring some very good wools, and they have availed themselves of same. I" never thought that some of the best Mew Zealand wools would have gone at the prices they have, and if J. remember right ljjd. lms only lieen paid about once for the cream of tlie hulfbrods. liven 15d. has only been paid now and then, the bulk of ihe wools seliinß from 12d. to Mil. However, Bradford topmaking lots have been -cleared Willi conspicuous ease, and the sales are linishing willi prices at lho highest point. A great many of the clips sul> imttod arc what can 'be called rank and file wools, most suitable for the Home tonmuking trade, and naturally llio.v hnvo sold freely. Prices generally do nor show a great deal of change on tho week, and lho pales are coming to a finish in a very creditable nay. CHANGES SEEN. Vliou compared with the close of the : last series lho following changes have taken place:— Australasian.—Grease merino, superior, par laid, dearer; grease merino, average cu good, Id. denieri grease merino, pour condition, oar; grease merino, inferior pieces and foe!;K, Id. dearer; scoured merino, superior, par to 'd. dearer; scoured merino, average to good, id. to Id. dearor; scoured merino,' inferior, Id. dearer; scoured merino, faulty pieces and locks, Id. dearer; grease merino, lambs' wool, superior, Sd. dearer; grease merino, lambs' wool, medium, sd. dearer; grease merino, lambs' woo!, inferior, !d. dearer; crossbred grease, fine American style, !d. to Id. cheaper! crossbred grease, fine average;, id. cheaper; crossbred grease, mi'dium, par; crossbred grease, coarse super, id. cheaper; crossbred grease, coarse ordinary, par lo Id. cheaper; crossbred grease, lamb?, par; crossbred scournu'dium and coarse, !d. dearer; crossbred siiped, fine, !d. cheaper; crossbred, sli>d medium, par; crossbred siiped, coarse, South African.—Know while, super, par In Id. dearerj snow while, medium, par lo -Jil. dearer; snow white, inferior, par; grease combing, light, par; grease combing, heavy, par; grease clolhing, light, par; grease clothing, heavy, par (o .id. cheaper. The. outcome of the series Ims been to show to the world that there still ol>: tains general soundness in wool values. The entire' I rade is u-ore or less surprised that: another I.Vi.dCI) bales liavo . been lifted in such a successful way, and instead of there bciiig any signs of weakness, the tendency is in the opposite direction. All are agreed thai the action of buyers had been dictated by file large consumption l.liaf. is proceeding in Konsumiiij! craii.is, and wool-growers throughout the world cannot but iVel I satisfied that they have had suck u sulen-

did prop lo fall back upon as the Homo and Continental trades. The position of things in Bradford dees not show anv radical change compared with a week'ago. Tho majority of lopmakers arc asking 2s. 5-M. for IH's, although in one or (wo cases it is still possible to buy at even mom y. Tn line crossbreds a' steady turnover is being e.Hecled, f.G's lops lie-in),' to-day eiuoteil at '.Mil. l<) S-l-'.d., and SO's round 21',d. The Ml nation in coarse crossbreds "is somewhat i|iiiet, and a good Id's prepared top cannot be quoted more than MM. JSusi- « no.,s is still healthy and sound so far as consumption is concerned, but it is the absence of new yarn orders that is troubling not a few.