LONDON WOOL SALES.

Dominion, Volume 4, Issue 1139, 29 May 1911, Page 8

LONDON WOOL SALES.

CLOSE OF Till-: SERIES. By TeloEriipU-l'riiiS Associauoh-Oopsrielit London, Hay 26. ' The wool sa!?a hnve closed. There was spirited competition. THE TOTAL OFFERINGS, (ltec. May 28, 5.5 p.m.) Lordon, Hay 27. . A total of 182.650 bales were < ; aUilocue'l at the eerie of wool sales which closed yesterday. "OI Him quantity 93.CC0 liak-s were sold for Home consumption, 69.CC0 balos; for the Continent. IKO bales lor thn lnut.cd Statw, and 38,fC0 talc? wero h<?M over, including 21.CC0 bales of New Zealand wool. .As compared with the Jl.irc.'i silica merinos generally showed li'.t'.e alteration. Tlie choicest Licked United Statc-i support. an<l price , ; wore, therefore, barely maintained. Fine medium greasy crosEbreds elosrcl 5 to 75 per cent, lower, finer porta shewing most depression. Coarse grades arc firm and uurhanged. Scoured dselincd n penny. Prices for lam);e' wool wero well maintained. The following arc the price* realised for the fleece portion of the clips named:— Kereru. top lid., average 5Sd.; Koputon:. 21d. and 20i|d.; Mocraki, 13Jd. and 12id.

The Bank of New Zealand has received the following cable advice from its London office, dated Hay 25:—"The market has closed with good and strong demand for coarse crossbred*. Prices are higher, nar to 5 per cent. The market is weak for line crossbred. Prices are unchanged. The market is weak for medium crossbred. Prices are lower, par to 5 per cent. The total quantity held over is 30.C00 bale?, of which 20,000 are New Zealand. Current prices for North Island farmers' lots, in average condition:—Coarse erossbreds, ?6 to 40's quality, 9d. to 9Jd. per lb.; medium crossbred, 44 to- «'s quality, lCd. to 103 d. per lb.; fine crossbred, 50's quality, Hid. to 12Jd. per lb. Current prices for South Island farmers' lots, in average condition: —Inferior merino?, 60 to 64's quality, On. to 9Jd. per lb.; superior merino?, 60 o 64 s quality. 12id.. to■ 131 d. per lb.; h-ilf or quai'lerbred merino*.;. M's quality, 12(1. to Ud. per lb." i Messrs. Murray, Eoberts and Co.. Ltd.. have received the followine cablegram, dated May 26, from their London friends. Messrs. Sanderson, Hurray and Co.:—"The rales have closed weak. 40.C05 bales bejns hold over. and. compared with the closine rates of last. London sains, combiner merino, medium to good, shows .no chanee. Scoured merino, faulty and inferior, declined 10 per cent.; crossbred, greasy, fine, declined 5 to 75 per rent.; crossbred, greasy, coarse, par to 5 per cent, advance. RUdo. coarse crossbred, market eiows uo chancre. All other descriptions have declined 5 nor cent."'

Tho New Zealand Loan and Mercantile Agency Company Ltd.. have received tho following cablegram from their. London house, under date May 27:-Salcs . closed with (rood competition; 163,000 bales were sold, 69.CC0 were taken for the Continent. 2000 were taken for America. 38,Ct'O were held over. As compared with last sales, closing rates aro about the fame for bred sflipe; lower by about par to 5 per cent for medium and inferior merino, fine scoured and fine creasy crosr-toc. fine and medium crossbred f.!ipe. and medium greasy and ccoured crossbeed; higher by about par to 5 per cent, for coarse greasy crossbred.

The Commerce find Tourists Division of the Department of Agriculture. Commerce, and Tourists, have received the following cablegram froro the Rich Commissioner for New Zealand, dated London, Hny 26, 1911. regarding the closine of the third series of the colonial woo! sales r- "The wool sales have clo-scd; the advance scoured .1* onening lias beer. lost. Values are no© about the same as at the end of last sale. Trade is good, and manufacturers are busy. Prospects are favourable. Themarket is steady, and likely to remn.'n so: 21,000 bales of Now Zealand wool are held over." The estimated values of New Zealand wools at the close of the second series of colonial wool sales held ;n London aon April 1, were aa follow:—Superior merino. Is. to Is. 2d. per 1b..-medium, lCd. to lltd, per Ib.; inferior. Bd. to 9!d. per lb.; fine crossbreds, Hid. to Is. 2d. per lb.: medium crossbreds. 9d. to lid. pea- lb • coarse crorebreds, Bjd. to lCd. per lb" ' Messrs. Levin and Co., Ltd.. hive received advice? .from their a?cnts in ;London that the following clips have been sold nt the sales just closed, on their account. The prices named 'arc the average price realised for tha fleece wool in' each in--5, c iv7 J -2-?- over Pi!™itea. Fcatherston, 1 °, 13 - Orui. Urite, 9Jd.; Mapu, Huntervillo. 8 10-lbd. talcs closed on a par with opening rates. LONDON MABKETS. 3y Tclecrapb-Pcess Afsoniation-CoDyrighS (Kcc. May 28, 5.5 p.m.) London, May 27. Cotton is quoted at S.Gld. per lb. Hemp, prices are firm and unchanged. FHOZEN MEAT. The New Zealand Loan and Mercantile Agency Company, Limitod, have received the following cablegram from their London house, under date May Zβ:—Frozen Meat: The market shows increased firmness for mutton, and has improved for lamb, but is unchanged for beef. MINING NEWS. WELLINGTON SHAKE MARKET. A sale of May Queen at Is. 6Jd. was tho :otoly transaction recorded in mining sharc3 on Saturday. Tho buying and selling quotations were as under:—

The course of sales during the past week was as umbr:— . Slav Queen. Is. £tl.. Is. 7d., Is. 6;1.. H. 6id. Xe«v .Sylvia, 2s. ll'J., 2s. lOri.. 2>. 10(d., 2*. Hid. Old" Hauraki, 2s. 4\A., 2s. lid., 2s. 4M., 2s. 5d.. 2s. '.>,&. Saxon, 2s. 2:1., 2s. 2d. Talisman, 525., 525., 525. 3d., 525., 525. Waiiii 66;. 6d., f6=., 655. Sd., 655. M.. 6£s., £5= Cil ' 65=., 635. 9d. ( Ms. 6d., 635. 6d.. 635. 3d.. 63b., 635. id. Wailii Grand Junction, 28s. l(d., 275. 9d., 275. 3d. STOCK EXCHANGE. (By Telegraph—?rcte Association.) Auckland, May 27 Business done on 'Change this morning— Occidental, '.'l. Wailii, £3 3s. Saxon, in. Ta'irua 31 inc. Is. 6(1. Grand Junction. £1 7s. M. Tairua Golden Jiills, Is. 'O. May Ouccn. Is. 6:1. Victoria. iOtd.. lid. Monntnin Kins. *-A. Waitangi (con.). 2s. 2d. Christchurch, May 27. Sales reported :- New Zealand Insurance, £4. Waihi, £3 !s. 6d. DREDGING. (By Telegraph—Press Association.) Duncdin, May 27. Tho following are additional drednine returns— Otago Ko. 2, 230z.; Trafalgar, 15oz. ldwt.; Worksop, 113oz. Wdwt.; Waikaka. United No. 1, 230z. lOdwt.j Waikaka. United No. 2, lloz. 2dwt.; Blackwater River, 31oz. 6dwt.j Golden Sun. 12oz. 6dwt.

Buyers. Sellers. £ s. d. it b. a. Blacluvaler - 1 8 0 Eremner's — 0 0 5 Con. Goldfields 0.15 0 0 16 5 Dixon - 0 0 4 Dominion — 0 0 2 Kapanga, 0 0 7 0 0 8J Kuranui Caledonian — 0 11 May Queen 0 17 0 18 Maoriland 0 0 4 — New Sylvia, 0 2 10 0 3 0 Occidental 0 0 3 0 0 4 Old Hauralu 0 2 2 0 2 5 Saxon 0 2 0 0 2 1 Tairua, Mines 0 16 0 17 Talisman 2 10 6 2 10 9 J. Victoria 0 0 10 0 10 Waihi » ! « 3 3 3 Waihi Extended - 0 17 Waihi Grand Junction ... 1 7 0 17 6 Waitanei 0 2 1 ° 2 3 Ross - 0 2 0