LONDON WOOL SALES.

Dominion, Volume 6, Issue 1555, 26 September 1912, Page 8

LONDON WOOL SALES.

CKOSSBEEDS ADVANCE. 3.y Telegraph—i'xesa Association—Copyright London, September '24. The wool sales opened 'strong at from par .0 7£ per cent, advance. KEEN COMPETITION. (Rec. September 25, 10 p.m.) London, September 25. At the wool sales 8544 bales were offered, ncluding 6344 bales from Now Zealand. Phc wool was. a miserable selection, mostly )f faulties, elipes, and scourcds. There was the keenest competition as :omparcd with the July series. Merinos ind finer crosisbred3 were firm, but ' unchanged; coarsc crossbreds were from 5 to r i per cent, higher. OTHER ADVICES. The Department of Agriculture, IndueTic?, and Commerce has received the folowing cablegram from the High Comnissioner for New Zealand, dated London,' September 23, regarding the opening of the ourth series of the colonial wool sales:— 'The wool sales have commenced with a argc attendance of buyers. There is a Tcuer.il and active demand. Supplier will ;e moderate. Trade ta good. The market shows signs of strength. Merino wools ere fory firm at former prices, while crossjreds are sd. to 3d. per pound higher than asi sale. Seventy-seven thousand six hunIred bales of New Zealand wools ore cata* ogiled. Prospects are favourable."' The estimated value of New Zealand ivoole at the close of the third scries of colonial wool sales, held in London on August 2, 1912, were as follow:—"Superior nerino. Is. to Is. 2d. per lb.; medium, 9Jd. ,o lljd.; inferior, 7£d. to Sd.; line crossjreds, Is. to Is. 2?. d.; medium, 9£d. to Is.; Bd. to lid." Messrs. Dalgety and Company, Ltd., have received tin? following cablegram from :heir London oflice, dated September 24:— 'The wool tsaJea opened with a large at:cndance of buyers. Competition is animated, but there is an indifferent selection. So far, hardly any merinos have jeen oifered. As compared with last sales' losing rates for merinos, a change, if my, is in tellers' favour. Fine and mc3ium crossbreds are from par to 5 per ?ont. higher, and coarse crossbreds are 5 *>er cent, to 7£ per cent, higher." The New Zealand Loan and Mercantile \gency Company, Ltd., have received the following cablegram from their London nouse, under date September 24:—"Wool Sales.—Thero was a full attendance at the opening of the,tales to-day, competition oy Florae and Continental buyers being nclive, and prices, as compared with tncs "lose of preceding series, ruled in sellers' favour. The opening catalogue were not representative. As compared with last talcs' rates, prices are higher about par bo 5 per cent., for fine crossbred, medium crossbred, and merino. As compared with 136t galea' closing rates, prices arc higher ibout 5 per cent, to 74 per cent, for cross* bred coarse. Wool suitable for America has not been oifered." Messrs. Abra.ham and Williams have received the following cablegram from London, under date September 24:—"There was a good attendance of buyers at the opening of the sales to-day, and all linos met with good competition. As compared with the closing rates of last series, fino and medium crossbred and merinos are unchanged. Market firm. Coarse crossbreds, s'per cent, tip: market very firm." Messrs. Levin and Co. have received the following cabled advice from London:— "Merinps and crossbreds generally opened a{ an advance of 5 per cent." Tho Bank of New Zealand has received Iho following cable advice from ilo London ofitce, dated September 24:—"The salcn have opened with strong competition and large.attendance of buyers. Tola! net quantity of New Zea.Uud wool available is 75.000 bales. The market Is strong for all kinds of sllpn wool and coarse crossbred, for both of which prices are 5 per cent, to % per cent, higher.' Tho United Karmors' Co-operative Association. Ltd., are in receipt of the following cablegram from their London agentf, under date September 24:—"The fouri.li fieries of wool sales opened to-day, and were largely attended by Home. Continenta!, and American buyer*. There was keen competition. Kino and medium crossbreds advanced from par to 5 por cent., and coar«e crossbreds advanced from 5 per cent, to 7i per cent., as compared with closing rates of previous sale." Mossrs. Murray, Uoberl* and Co., Ltd,, have received the following cable mesf-nue from their London agents. Messrs. Sanderson, Murrav, and Co., with reference to the opening of tho fourth scries of wool sit.lc.-i:—"The sale* have opened with a. fjood tony; competition is good, and thero is a large attendance of buyers. A poor sclec tion of merino offered, the market fihowiwr

an advance of par to 5 per rent. Crossbred prc-asy line show- an advancc of par to 5 per com. Crossbred greasy medium i'aH advanced 5 per cent., <md contvu from 5 per ccnt. to 7i per cent. Sliped fine crossbred shows no material change, while medium sliped crossbred jdiow.s an advance of par to 5 per ccnt., and coarse slip© V, ro: "'?' bred an advanco of 5 per cent. Shortstapled slipe coajv-e cro&ebrcd has advanced 75 per cent." Messrs. James Macintosh and Co. report having received the following cnblo mosI «a ff c from their London agents, under ! date of September 24. 1912:—"At the wool I rales to-day priors for medium and line ! advanced 5 per cent., and for coarse the advance wac-s from 5 per cent, to 7J per cent." f