LONDON WOOL SALES.

Dominion, Volume 5, Issue 1433, 7 May 1912, Page 8

LONDON WOOL SALES.

POSITION -AT THE CLOSE. By Telegraph-Press Association-Copyright. London, May 5. The wool sales 61ossd with a largo attend-nn-c. and competition was keen. Coarse orofsbreds wore very Keen at the average January rates. Fine medium crossbrcds, 5 to 10 pur cent, cheaper; scoured sltpiss, 5 per cent, advance. Mi merinos closed strong at 6 per cent, dearer. , , , Lambs.—Good supply: memos advanced 5 per cent., crossbreds fit January host ' C 'Uicre !l 'wcre oatalosmod 2-69,387 bales, of which number 111.000 were sold for the Home market; for the Continent iOMgOs United States, 12,0DD; helcl over, 19,-50 b*leb. The following prices were realised for the clips named ;-"jroawiinm?o, ton lUf. averape "ITawini." 10d. and 8»d.; "Toko." 9('. and B?,d.

PRIVATE CABLE REPORTS. Dnlectv and Company, Ltd., Wellington, have received a pablc K raiu from their London office dated Slay 4, ai fo.lo>w"The wool pales • nave dosed with a \er> firm market, As compared with closini! rates of last scries, fine-haired, super, fair to good, inferior and scoured merinos are all 5 per cout. hisher. Crorsbreds: Tine and modium qualities arc unchanged. Ooarse qualities and sconwd crowbrods are 5 per cent, lusher.. s haoby and tfiiiß}-. par to 5 per cent, lower, The -otal (riiautitv of wool disposed of i» as follows :-Bold to America, 10.0C0 hales: fo.d for Home consumption, IsS.CGO hales; sold for Continent, ICO,CCD bales. Ten thousand were not offered, and 20.000 have been carried forward to next scries.. The Department of Agriculture, Oomniorce, and Tourists has received the fol--I'oivinsr cablegram from the Ui?h Commissioner for New Zealand. dated London, Slav 4 1912. renardinß the closing of t«o second series of the colonial wool sales "The wool sales have closed. The mnritet is st-mi". with a very large demand, especially for superior merino and strong crossbreds. Prospects are favourable. Seven thousand seven hundred bales of New Zealand wools are held over. Eetinvited values-Superior merino, Is. to.k. Hd. per lb.; medium, Did., to lljd.; inferior, 7id. to 9d.; fine crossuroils. all erados. lid. i to Is Ud.: medium erogsbreds. B|d. to lid.; i coarse "crossbreds, 7*d. to 10£ d." The New Zealand 'Loan and Mercantile A»encv Coinoany, Ltd., have received the following cablegram from their London house under date May 4:-"ftales closed wffh trood competition; 253,000 bales were «?old, of which ICO.GCO were Uikrii for tho Continent, and 10,000 for America, 2Q.0C0 bales of wool bcinp held over. IJ)ore was a decreased American demand for crossbred wool. As compared with last _ sales closing rates prices arc lower by auout par to 5 per cent. for medium and fine proasy crossbred; hiffber by about 5 rnr cent, for merino scoured, sireasy crossbred lambs, urea'v merino, and scoured crossbred; | liieher bv r.bout par to 5 per cent, fo? i lambs, coarse greasy crossbred, and cross- I bred slipe." Jfc==r=. Marrav. Roberts and Go., Ltd., have' received tile following cable message from their London friends. Messrs. hailderion, .Murray mid Co., with reference to the close of the sales.— - Th» sales have c'o-cd, 20.C00 hales lioins held over. Compared with the closins rotes o? last London sales, tile market show-: an advance of 5 per cent, for best descriptions of ercpsy merino, and par to 5 per cent, advance for coarse Rroasy crossbred. Hno pr-'nsv oroi-brcd, be-ft descriptions, show nn Vlianire, v.hile waMy mul inferior have declined 5 per cent. Medium crossbred* erci"* have declined o per cent., and the nnrkct is firm, and shows no material change in all other descriptions of wool. The Bank of New Zealand has .received the following cable advice, from its London office, dated May 4:-- Hie market has with pood demand lor fine and Total quantity held Sver is 21.000 bales, of which 9NO arc Mew Zealand Compared with the average of >a«l «a-les. coarso crossbred woo! ha* been in better demand at an advance of 5 yor cent. Prospects aro favourable.