LONDON WOOL SALES.

Dominion, Volume 3, Issue 924, 17 September 1910, Page 9

LONDON WOOL SALES.

•■■■■■ . - » .!.: W-!'^ CLOSE OF THE FOURTH SERIES. INTERESTING POSITION IN TUB , ■ TKADE. ■ . (From Out.Special-Correspondent.)..; ' Bradford, July 23. ■ The sales, arc over, and.; the trade lias dispersed.. All-, things'!considered,'\-|tlie ' • fourth. series have been' fairly' good, wool.: sold well, but tliere have been 0110 or - two. ■ "soft, spots,": which take' the gilt oft' the gihger-bread. ; ' I know buyer's 'think that .. wool, has cost-enough, and, no doubt, it '; Has.- Importers,, and,thosb-watching : tSa,";' interests l of! -the.' Australian trade, how- .. ever, think otherwise, and they- -.would,■ rather liave seen no -ease in sooured, shabby merinos,. scoured"crossbreds;.and/,!-. siipes. The' fall in these descriptions.. -V only serves to show that. the : trade is, to say the least, a little more bno-sided • tliav we have been 'accustomed to, seeing, - and, all ~|ui<ces ß "|mßfaEl;.- ;! i havo been- wo'rse..-; It seems to ' me'.that ;' the■: veitjr. wools the 'trade most front -. are!*:•; the scarcest,- !,ahd that,' what buyers • can : ...; more : or'.;less . afford ;! to -■'db. : ;'withjDiut'-v:aTß,'.i.-' conspicuous '..by.'.' their . this i'act which has leit behind its;niark,';'.. 'and! everyone! can :sm', where the'weakness!is: Throughout. the, 1 whole;series ;ihecall J has undoubtedly been the best. for.good, ;; straight combing! very. .wel-l'-'indeedJ.:. I; am unable.:to 'report :aiiy real advance, but all the same greasy.;' merinos. have; easily; maintained 'last sales-o. : grates, v and . ony thit I 'account' and importers cannot but feel pleased. Onc« ; more the home trade has been the, keen- ' est competitor, and-lias taken the largest. > /weight ;of; the;' offerings.This : certainly. ia .' j '.satisfactory,ahd.'.is'-the! best possible; of: the sound. conditions obtain. -ing' in consuming .centres.- . ~! • , ' LIFE STILL' MANIFEST •IN - CEOSS- . -.Wliat .'better commentary ;. coiild •• tier®, be on the condition; of;! general; tride.thfui .the .-.way;''crossbreds*' have:,.'soldi!", .Here ■ 'are with. things' inendespondent,: yet-theVraW^mirfmal' has; moved oil • iike hot' cakes, 'prices geno- ; rally.';imprsymg-, as^ : advanced;-,; : and finishing!' at;; ths top notch;. /The t . strangeness and. piquancy of . : v . are a.ll the' more pron&nnced. when' one io. . , membCTS : ; that-the.' very;parties/who ;.liavp;;j .groarieid ; the most• aro-those who hav«'! 'been . the keenest ' buyers, and "London really.,speaking; i .has. - l]"o;; direct;.:', to the. recent, pronounced slackness and ; fall.'in i TOlues;in.,B.radfordi:;;.''! Everybody, in. Coleman.;Street;" : has': agreed;'tMt : the; '.! two, prtsitions. cannot T>o reconciled .at all, . for while; Bradford. plained; bitterly:'at •>?.; opolis,'- yet; ;they. have'; bought \tfpol '.freely,; '- and paid prices -oii; a par with last .series;/-:;' .After/all, • there cannot, bo., anything ':seri-!-; oWy-..wrdng : fwheui ? the'honie trade.'are; tho principal.• D'uyers,': ! aifl 'they; .pay 'readily,;' for the;.wool;':;vAich. : I.they., profe'ss : ;n'ot r to ! ■:; . wtviit. . Where, does.■tho^ ; 'c6iisi^eney'.-' i of . their . position V: come : - in ; There : ought',- to have been a decline, of fully 10 per cent,, ~ o^:say, ! .,a;'go6d .id. :p,er ;lb. ;p.n.:|o's.' cross-'.V : ; '.br^s;;- : i)ut'.'SMh!vlias-iot''-ta]£en'pl'^.;.r : -.To;.';! have'-done.any-real good'with."JO'sV^ooKit..">> ought to. have been Iwught : at no mora ' ';lb.;; ; o£ ; ltha!t, r yery- t . few. lots have .come" at ;_9ld: -being - the ■!;; regular, :pfice.'-!for:;a ,'deceiit^'.style' of good, 'combing! grease. : ;'Aftcr:all,'.; the :.situatidiiV- ; is' revealed ;iii;; Coleman;! Streiet; is t 'so-undj'.'V. ! aM : ,.wbol;.h"as ■'moved ."out, 1 ot/hahdv in : Tn<Kt'. : .OTmineudable : 3'ay. : .i : .Gopd ..halfbreda,'';' ' have sold magnificently, thanks ;to a 'big dehiand;6h. ;the .part ; the.'whole trade, , and;thii'c!a». df tihiie to • isell '.well, ;;b<k»use -, i t'. is; Ranted,: i, and wiU'be.fci liiohths to 'coihe.-/. !. * , . CH VNGES SEEN > ' : 'Compared- wiihilie' ,th®;;'- : ' previous;: series,-' v-.' . ;were : ' ■-;'!-: : par jV do;i'. : ;"ayeN\":i . age' to. ; go<xl, '.par j' .coMit ion; 1 ; par^:.: "to i<l. r: cheaper ; ; lpcks, ..: ior. par :tp, kl. - cheapcr i do.! ave-ra^e : .to; ;;. •-good;: par' to id. cheapor; " : 'do.v;infenor t '- ] ! Id. cheaper;, do;, faulty pities and,--locks, ;; iM. 1 chcaper; jncrirLO 1 lamb's wool, :;. jw > Idb-Y 'pa'rjjtbyld,:: ';: .cheaper;! ; db/,. infonor,; M.'cheaper; cioss- .; : bred "grease; ! fine, par to. !d. dearer.;' d 0.,. lined.-JpAfjV'dbVi!;coarse;, super!,' parr par to 'f«Hor» r piei^'!:tod ,: jd. to ld.; cheaper; do., scoured, fine," Id. ' to .IW. chea!M?i'; do., medium'ar.d'coarse, ,- Jd. : to!! idS cheaper.; do.,' sliced, ' finei,"!-:PM :.' to^id.;idMrer;iv;doV^ ; niedinm, : ; .cheaper; do;;'-' coarso, -i-d. f ;to Id: cheaper.' .; South Afrioaja. Snow -' white, ' superior, - W: cheaper; id! cheaperj do.v inferior;.:. -idpr cheaper,; ;grease,;.-comb-ing, light,', par; -. do., ;heayy,: .par ,to ,_ld.; oheai^^.do;;';clothuig,'- ; ilight; : . par.;! heavy, Jd.'to Id. cheaper. .., . , , ;/! •' • -Thenet it total. l available amounted ".to;. r 159,000 .bales.vOf! tliese,' 127,000-bales, hava.y : !-been; sold; .85,0,00 bales ;for y;honio; con;; . sumption, 42,000 bales to the. - Continent, leaving '32,000, bales Ito-be; rarried! forward ■•to !next:series!:h; : ;' r ' -;;!;;! !.'Adding:-':the':,transitr.wools and direct;imports',' the totaly.deliveriesjtpith'e comparo as follow:— .-.. . - .'• •• ;.. . .. Total ' year 1910. 19091909. '1909. Bales. Bales. Bales. Home^on-Vo';-:'.»U'^ " -sumption ' 818,000: :;77G a 000 - '917,000- , ; 6U]nption "... 1,'403,000 , -''1,339,000 - 1,585,00 a, Americanl2s,ooo ;155,000, ;--. 179,000 ~ - ' '. ' 2,376,000 ; 2,270,000, !.. ' : The!deliveries;f6f tlie-year: sliow, ali•m-;.• ; , ' crease i o'f;'l06,000 .■'.balß,^^s^,ooo.■/h'4®■;mbrß.■■! i ■ fall, to i the - share : of. the home -trade," "arid G4,000, bales to' that of the Continent,' r While!-: imerica; ;hfc,'taken!.3o,ooo'. Jiales less than.'4ast;'year.- : '- ; ::;!!''v.-"v:';;!;V:^!!;v?-v":- > :!vi.i : ;.; . :.TheVriext;,senes is, to'.commence.'ohJTties-;, day,' September' 27/ and; the list ! ot',! entries will be-closed, ou September ,I'J.. - ... .' - : . .TIIE OUTLOOK.';. ." Messrs.'ll; Dawson and; Co., 'in'speakihg" about the ;outlooky ; ' tt®;^'l , he'.:.Vi!iiic-i;--; i kets-closes'-' : ,with;'a!:'much andcheerful- ,tdne. than, that vwitli ; 'which it opened. The activity of the various •'!-. sections of the industry. gaYd:!brie':tha'!im-;'i ; ; pression that' nihclv,?pf ixiism. was soinewhat fictitioiis. 1 ' ; liepof ts'!frpin; most Eurpn'ean.'cehtres, in-' plicate ' that '<coiisumptioii^is,,.•sHU/^ell',- 7 !-,-! ' maintaiiied,",!; but .-!that'greater: cautipn;;.;': exists !;in tho!' gmrig- out,''of.:new; , !'brdcri''V,:;.' It 'is, ' natural,! : ias-,we; : '.tho! end ,of the wool year, 'with prices.at a !iigli v levels, .that 'everybody should :pre-• for 'to idopt- a hand-to-nio'.uth -.policy-for. -a . few; moiitha, : until! ; the-": new !season's rates are;established in ..the !colonial . markets. .;There ■ 'certainly;; iirevnils a.,'; strong) l ; unaniinitj' of : opinion that with' - the prospects of. another 'sibly-incrpased jprodiictiohi'Viiest'seasonin", ; : Australia,' the : ;industry -!cahnot ;carry tho !;:! aew.'clip .at- the :presoiit. level:,of values''so ■ : ! far', as: vcpuconie 1 d; !rv!Conse- r ;.:; quently,, consumers, !seem !' determined-,to'';;, keep themselves lightly stocked and-ready!!':'-! for .the>n6w'V ; 'wbbl. ,: .;'.'of- : body does this 'there caunot!.be. : .niuch!'.i'e-"..;!.-lie£--:T.h'en.itliq-- ; -new! i .seaMiV:i. : ope&si';-''!'.? ! lt;.'-;';-' -pecnis alnmst.viniuossiblev to;, expect' v-aivy ease, in;! prior,!to' view! of the." sparse: offerings during .tho' next-few! ' months.... It is-^"raniarkable'^•'how;,^the;,'.last" ;? ? year's mel'ino clip is being ab- -. : sorbed' (the ' decrease in' South ; America >^;-! being practically; all -in' crossbreds),'. unu it becomes evident that'.-^gaiti'there'-.can 1 !"' bo .no important '/'carry-pver! ot -stock.- -; Fashion, still favours fine 'grades,' and (he :ti-ade : .coiftinues: .to demonstrate- its-'CApa-;: -'!' city- of;'absorbing all-.the iwool; ;that;,iß; grown. / .' ' : , - .The position in, crossbreds.'appears, not ; only to, be" strong,, ■ but; :: likely. to' t grow .-'! stronger.; selection'at the series-just A: closed'!-revealed ;.the fact that ".greasy'.• ;!: ; wools-; suitable for tppmakiiig .'had -bei'"' come scarce. J is. onl}- : required -.to; to-; , - call the splendid ; selectipiib,;;of; :January, r>' - March,' and' .May,'.'arid .'to. romemtier. that:--■-• 250.000 bales; were sold in New • Zealana,;f:;; in- order' to realise that it could not Ub otherwise. There are 25,000 bales!,of ;New Zcalands .held' over.' (largely', speculators' !!;; wools', .bought'in . the; - Dominion,', at iiigh ; prices), most of which havo not tniea ! catalogued, and these will help to relieve the situation. Before the .'arrival of;new: i; ..? crossbreds' at the : end bf-;the.,i'bar,V'h6w-.i' V ever.'. the , enormous . ,'.-shortai?'c-%-in^--|3.bu.th'V:\'!! : : Ainericims will-: doubtless! - begin ;.'to:' lie .!.;■' 'seriously felt. ! ■'