LONDON WOOL SALES.

Dominion, Volume 5, Issue 1299, 30 November 1911, Page 10

LONDON WOOL SALES.

ACTIVE' DEMAND. By Telegraph—Press Association—Copj-richt London, November 23. Th# wool .-ales have opc'iir'd. W.cre was 313 active demand, but prices were practically ui_chang:d. CROSSBBEDS ADVANCE. ' By Telegraph-Press Association—Copyright ißec. November 21, 11.15 p.m.), London, November 29. At the wool pales 9256 bales were offered, comprising an excellent, selection of choice election of choice racritlos. There was a coon attendance; an excellent spirit was displayed, and there was keen competition. For best, merinos tho October rates wore fairly maintained, but average rjualit!"« were par to o per cunt, easier; seourcOs wen: unchanged. Cross'orcds were par to 5 per ccnt. dearer. _ Americans arc operating in crossbreds and Cue inerluof. PRIVATE CABLE ADVICES. The "auk of New Zealand ha? received the following cablegram from its London office, dated Nuvembcv 28:—"The sales havo opened with strong competition, and a. Inrga attendance of buyers. The total net quantity available is 30,000 bples. The market Is "strons t'or all kinds of wool. Prices arc higher, par to 5 per cent." Messrs. Murray, liobcr's. and C«., Ltd., have received the foil-wins cablegram from their London friend?, Sanderson, Murrav, and Co., dated November 25:—"Kales liavc opened with a. good tone. Large attendance of buyers slid cootl competition. For scoured merino, fault v. and inferior, the ciarkcl li«is ndvaiicou 5 per ccut.; for greasy crossbred, ineonin) 'o fuse, the market ba; a.lvanced par <:o 5 per cent.; for all other descriptions tbc show.- no material change." ' Messrs. Dalgcty aud CompMiy, Ltd have received the following rablegram from their London house, dated November 23:— "The wool r.alcs havo oncned, ai.d the attendance of buyers is large, cotupetiti u' ur.imatcd, selection good. As compaie.d with the closing rates 01" lust sales, gro-i'-y merino, greasy crosshrcci, ana scjurml crossbred arc unchanged. Scoured me.''lie —change, if any. 111 sellers' favour." The United Farmers' Co-operative Association, Ltd.. has received the following cablegram from its London acents, under dale "November 23:—'"The t>ixi,,i scries c*" wool sales opened to-day, anil were vel' attended by Home and Continental buyers. Fine, medium, and coarse crossbredshow no quotable change as comparci" with closing rates of previous sales." Messrs. Levin and Co. ha.ve received the following cablegram from London, dated Noember. 28:-"Wool sabs opened firm, en ?, par with closing rates of last sale; Dinkeen," . , ■Messrs. Abraham and Williams, Ltd. have received the following cablegram from London, under date November 28:—"Al the opening of the sales to'--day values show no change from those ruling at, the close of last series. The market is -vary firm." New Zealand Loan'and-Mercantile Agency Company, Ltd., have received the-follow-ing cablegram from their 'Londou"house. 'under VSte November .26:—There was .1 good" attendance--at the ' opening of tho r.ales to-day, coihpctitiiin by Home and Continental buyers ■ 'being spirited, and prices;-as compared with t'ns cl6Sc of preceding series ruled firm'for all torts. The opening catalogues were fairly representative, Since the close of last' sa.lca, pricea fn r crofbred slipe are-higher by par to }d. per lb. HIGH; COMMISSIONER'S REPORT. The-Commerce and Tourist i .Division- of the' Department of Aericuitnre. Commerce and Tourists, has received the followipg cablegram trom the High Commissionor for New Zealand, dated November 28 ; regarding tho opening of the siith scries the colonial wool sales-.—"The wool s;uc'-i havy commenced. a.ud there is a large-at-, tendance of buyers American buyers arc comins forward. There is great compc -tition "both for Home and Continent;' Prospects are favourable. 7'hirty-two thousand bale* of New Zealand wool are catalogued. Prices are fully to tho closing rates of last sale. The market is firm, with an uovard tendency." Tho ostimat-'l vnlu™= t,f "iow Zealand wools at close of the fifth series of colonial wool sales in London, held 011 October 10. 1911. were as follow:—Superior me'•rino lUd. to Is. Id., me'linra merino 9jd. to 114.7 inferior mc-"ino 75. to 3d.; fine crossbrcdis 'oil grades) -lid. to Is. Id., medium crossbred?' .(all grades) 'M. to llßd., coarse crossbred." grades) 7d.-to..lGd. - ADELAIDE WOOL SAJiEP..,' „ Messrs. Dalgcty a-'d Company. Limited, have received the. following cablegram from their Adelaide . 'branch, . dated ;No•venber 27:—"At. the wool "alps to-day, total offerings WM holes. Fo,r good quality merino, prices arc 5 per cent, higher." NAPIER W.OOL SALES. (By Telejraph-Press Association,! Napier, November 29. Contrary to general expectation, the •wool sa,le to-day opened with great brjslness, keen competition taking place for offerings. This was the result of cable! advice of a 5 per cant, rise a.t the London s,alcs, apd buyers found their limits extended accordingly. A total of 12,224 bales ■was offered, the bulk of tlie wool being •really full quality, much heavier in the fleece th?n last, year's early sale. Prices obtained were:—Light halfbrcd. 9Jd.; brigat medium crossbred, iCd.; coarse crossbred. 9d.: rough and ■ uneven lots, 7*d.; . pieces and bellies, 6d. to 6Jd.