LONDON WOOL SALES.

Dominion, Volume 6, Issue 1691, 6 March 1913, Page 8

LONDON WOOL SALES.

ADVANCE IN 'PRICES. By Telegraph—Press Association—Copyright Lcndcn, March 4. Tho wool sales opened strong, with from par to 75 per cent, advance. (Dec. March 5, 11.15' p.m.) London, March 5. At llie sales there \fas an excellent selection of crossbreds, and a fair selection of merinos. There was a large attendance, and keen competition, all sections operating. Compared with January closinjc ratri merinos were par to' 5 per cent, higher, best crossbreds were unchanged, others 5 per cent, higher.' The advance was most marked ill tho coarse grades. PIIIVATE CABLED REPORTS. The . Department of Agriculture,..lndustries, and Commerce has received tho following- cablegram from the High Commissioner for New Zealand, dated London March 4, 1913, regarding the opening of the second series of colonial wool sales:— "The 1 wool sales have commenced with a large - attendance of buyers. There is a great-demand in the market. Home and Continental buyers are competing freely. American buyers are- cautious on account of the uncertainty regarding tariffs. The consumption is large, and the demand exceeds the supply. The market is strong, and all stocks are advancing. . Merinos, fine crossbreds, are unchanged; medium crossbreds, and coarse crossbreds, are id. (halfpenny) per lb. higher than last sale., 76,400 bales of Now Zealand wools aro catalogued." Estimated values at the close of the first series of colonial wool sales, dated London, January 29, 1913:—Superior merino, Is. ljd. to Is. 3}<l. per lb.; medium, lid. to Is. Id.; inferior, 9(1. to 10id.; fine crossbreds, Is. Id. to Is. 3£d.; medium, lid. to Is. lid.; coarse, 9sd. to Is. Id.

The Bank of New Zealand has received the following cablegram from its London office, (lateJ .March 4:—'"Tho ealos have opened with strong competition and larso attendance of buyers. There is good de-mand-for all kinds of wool. Total quantity of New Zealand wool available is 75,000 bales. ,Tlio market is strong for medium and coarse crossbreds, for which prices are 5 per cent, to li per cent., higher. The market is strong for fine cro&sored, for which prices are unchanged."

. Messrs. Dalgety and Company, Ltd., Wellington, have received the following cablegram from their London office, dated March s:—"Sales have opened, and attendanco of buyers is large. Competition animated, and selection fair. As' compared with the closing rates of last sale, medium crossbreds and merino and fino crossbreds "aro par to 5 per cent, advance. Coarse crossbreds 7i per cent, advance."

The New Zealaud Loan and Mercantilo Agency Company, Ltd.,- have received the following cablegram from their London house, undw date March 4:—"There was a full attendance at flic opening sales today, competition by Home and Continental buyers being spirited,-and prices, as compared with, the close of precediug series, ruled about 5 per cent, higher, for. merino and iiuc.-anU medium.crossbred wools, and about 5 per cent, .to 7$ per cent, higher for coarse crossbred. The openiug catalogues were fairly representative. American operators aro buying,"

Messrs. Murray, Roberts and Co., Ltd., have this day received the following cablegram, dated March 4, from their London friends, Messrs. Sanderson, Murray and Company"Sales have opened strong, compared with last London sales' closing rates. Merino and fine crossbred have advanced par to 5 per cent.; crossbred, inodium. advanced 5 per cent., and . coarse crossbred has advanced 7$ per cent." .

Messrs. Levin and Co. have received the following cablegram from London to-day: —'"Coarse crossbreds show an advance of per cent., other qualities 5 per centAmerican wools unchanged. Sale all round very keen." ■ »

. Messrs. Abraham and Williams, Ltd., have received the following cablegram from their London agents, under date March 4:—"Tho second series of sales opened to a good attendance of buyers, and prices, as compared with the closing rate 3 of last series, a're as follow:—Medium crossbred and merinos show*, a rise of 5 ne-r cent., coarse crossbred per 'cent., while the prices for fine crossbre'd are unchanged. The market is very, firm for all classes of wool." Messrs. Jame3 Macintosh and Co. report having received the following cablegram from their London agent?, under date March 4:—"Prices for fine unchanged, medium advanced 2$ to 5 per cent.; coarse advanced 7£ per cent." The United Farmers' Co-operative Association, Ltd., have received the following cablegram from their London agents, under date, March '4:—"The second series of wool sale* opened to-day to a large attendance of Home, Continental, and American buyers. There was spirited competition. Fine crossbred show's no quotable change. Medium crossbred sold at par to 5 per cent, advance, and coarse crossbred 75 per cent, advance, as compared with closing rates of previous sale."