LONDON WOOL SALES.

Dominion, Volume 7, Issue 1957, 14 January 1914, Page 10

LONDON WOOL SALES.

V H. :: "'■.'*■' S , -on tfo n ber£s 'mi-: 'are unable.rtoS''Pi )<l .rt2any.j-:liea!lway...: isiv .the, course no V serious A"le.vel^apijca'rs''jtosliajc^bcßn:. , jrea'ched. ie!it*.tps(j6;;bußi)feM : shqM's.j steadiness.Horo and there ;.a : ;'few yvea U. : , spots ■ to;.bo seen;pAThis^is.f.usiiallj ; ;j;the-"case; ; evon time;like .t!i6' , .presentA\vlie)v'oiVp'ts.bctioiv:,is "strongly bpposedlto.% lu.es,''!soi»ie': variatiotii..isXbqnnd:^6/bccur.;|^Still r ,, whcn a 11 to', consideration, the' innrkctjisiiyomlerf ully- good, , : and ■ remaiii's ?bettei%tliani£iriaiiy", .expected ; - to -..sales., are-Kb;.: f liat • [wi! I.', be' j no-'ftirther^!;(leprec,iatibn,- r : steady pricesStolthe^endi;should -.give-, tone... to ] eohsummg'££centrcs—particularly,' , ; , ;"! in j Yorkshire— andiconvincb'; the-trade 1 that! tho'raw;, materialist ill. occupies, a, sound jwsition:-?' been: glad to see a .better-..response- on the'pari of Bradford to- the/standard of values set j in Co!eman-.Street,:but, : however anomo-! lous^thps';position." pf. "prices l-'ma)':, be, it is a- fsct'that-'.Home trado. buyers have secured'■morcH'pol.tliisjaWeck than they' did last^clue;. evidently'. , to.- , many, ./firm's have;;the" raw ■ ma-", ■ tei , ial:.''atj.:tho'S , best;.pricp obtainable. ; -:lt.. may purchase i«'ool«to^briiiK?fiiU.tops s at" a'i price..to/fit■ Bradfordjss: | are. lnaiiy.-'fii-ms.fl'hcre'.'tlio'prico.bf-tops rioes not enter, intos'their? considerations in; the'least,':.there;.-being'; an-army -of spimier.s.'and maniifactur'crs-.in tho woollen ans] .hosicrjvtrades/ that can always outbid topmalcers* and .the'real.strength of activity ■; phi thcir;;accouht.i:^:;(, l .:l:>s.:s.. :^v;*|irGood call ■for-'Ftno. Wools.?ifv- : % I .One' ofitlic'outstanding; features of the' J past week- has b-neri'; tho.'steady,'.healthy demand -for merinos:*" : A' big -weight has been catalogued/ ,and,;yet there-are no signs of-the trade being choked; to-say nothing of being satisfied. It is quite true that 'and German-'-buyers are hardly so keen as, they were during tho first three , or'four, days of. the opening week,' but still they are giving good support, .the' Homey-trade joining more liberally '. in., clearing-,'itho catalogues. Many firms have/had.-to'.raise.--their limits.-a; good , /penny >■~ per..-. ib. ,: , ■'and although this .-proceeding '■■■ has. , ' -"gonedown badly,"; they >', -the wool;'- that being .the" reason "for : their incronsed ■ still pessimists who proclaim -'that ■■ to-day's values ..will ; jjot: last, through- the-, next series, but importers and sellers.,.reply:. '■Sultvcient -unto the day,, is.- ,, , the", .evil thereof.".■■■■ ... Fine-haired '/nicrinos "■ are making-very ■■■g00d... figures, and demand is as keen as ever';- ■ There is.still tho initial weakness, seen?in wools of averago character,- , anything from 12d: downwards soiling at id. to Id. loss than last •series, but all tho same the little extra condition in ' the woo! -will counteract iho Slightly, lower;., price, .jy^-.;. : ; ; ?.. -.:..,:'.: -J ' Scoured 'merinos' continue , 'to"ince'tVith prime favour at the hands of both tho Homo and Continental ' trade's. We cannot see any advance beinc paid, but good figures arc forthcoming," fino clothing wools especially.being taken t>v the Coiitment. --yA\o hardly,:think lambs are fetching extreme prices,- , but -shaft? I'Mccos are doing oxccedingly ■ well,■■-the-Home trade in particular -wanting something like these foivtop-makiiigwpur-Vfts-" ' : Taking --t-heVmarket- ■ as a whole, wo think ,tho-...domaiHlis , very creditable, especially: for shafty South Australian arid Hivcrina' , . clips. -Many West Australian brands are-this , soapoiv dehcient in growth,, and more or loss droughty.:;: Wo .have seen clips, catalogued this series -:of,..which .-the top lots would not give a clean yield ot much more than.Soiper cent; , ;.the bulk not scaling more tlian.--.42 to -AS per cent. . Taking tho current'- Australian clip as a ..whole,-i-there"-is'not'-.the'con-dition that tiierGi'was'- : 'a-.. ;<ycar ago, although come of'the , 'clips arc-'bett-or grown, and-more snaft.v: ■. Thero seems t-t bo a scarcity of-good super 6O's wool-, tho Bradford ■ trade especially'"missing tho big,-shafty, bulky, Adelaides, which remain .favourites to this day.>:"■>.■■ : ,: . : _ ~\Xe haV'o'- before -.. cailed' ; attention Ho tho fact/.that merino;',clips';.'■'a'i,e- this ■ season , realising "a loiver 1 average 'than they did at , the corresponding series a year ago, due to prices generally", being clown. . Some*dips , show , -.; : a ..." sensible shrinkage, ,, but 'others .vrill'give nearly as good financial .returns-tot ha''owner's ns the last.-.-.-lt'must be-borne, in'mind , chat the clip this ■scason.'-a.v.a.ruio- is heavier in , condition, and 'slio',vs>\nipro yolk aud earthy , mattcr^vJjKiC-S-;'.;/-.- >!;% Konie Trad 3; in Crossbre'ds.^:' , ?-.--^ . No big weights , of crossbreds'iiro being catalogued', but they are ; rolling well at steady prices., 1 The opening' weakness iii'44's to oti's is stiU'seeu, particularly i.'i iVeiv Zealand half-brcds, which aro , rather,heavy.incoudition.- , *.The bulk'of the buying., is 'left?'io,.tlio : ;home trade," although <.jci;iiiany,..has' isectired; a . few nice, useful' p'areels'/'Svj.Coai'se.Qualities scem"'to J be "'well mblo'S.lo.V.takoA.caro-.of themselves, but cthere' "»■■ no.- , advance.We certainly lots'of'parcels have been sold at : loid:"wliieh';last.'series would easiiy lot:; wiihdrawn?'iii)-O«bher" havo; ; *been rcclfered,; a.nd.;;hayeV'"inado'J : 3.dS' , lcss -in. many cases.than'-was .'then bid.:- iThis aliows-that crossbreds-are', barely'steady; . Large jiveighjs , Vo'f'?sliped '/.crossbreds a'ro not;;.catalogucd,i i.c.lass ~of. wool is''selling ■ as ■ well; : as ,:, "bvefp\'Tlicro ■■ seems .no" end-to ..-the 'demand]'.for-: ; this : class ■ of:.'staple;6and*it.^isv's'o'me.faction to».know'-. ,tliat';-.thes'o \ wools. , a'ro' meeting with- patroiiagd|^a'ts;the':'hands, .of -.They h'ayo'iboiight" mostly tlvrec-quartcr-bred.slipesiat'lodj I t'ii.lojd.. taking also' some.'good , parcels of Lincoln '.oardingjslipes^at' , 12cL::j;tq ; 12Jd. The.'latt«r-; : have. J'ierinentlyt«ado -Jd'-morc t : haii..last : series;, but.the' wools have not boei'v a paVtic-le.;bctter: : -'Some of. the;'slipes"'a'ro very; \veil got.'up, and': American users, should , find them ,vory : useful■ linos indeed.i£Tho.v-iyill:c!o very, well .foi-.i-earding tbps, ; ' ; 'and-:for spinning iiito , yarns of.j'medium'-lengthX besides being .well: ■suifed:.; ;; for,J : ::blankflts-..''and he cierv trade'pni-pbses^'r^siift':";-: , .-.-^ v Just ■ to i wools,..we? give. below~p!irticiilars':bf''liOW.l the wcU-knoK'n'-.brand-.of..Gears!sold last' series', and of^'-n-ools:— Slips {ember 24 r .lsicl'.';;.SNoyciii.bcr a'.26;jlsid'.':;l sli\ic' , .'cros'sbreu r 'r;lsi>/comljiiiis=!aiiili&;" 14d; (3-Id!); -slirio' 7, .-crossbred.;.«,-'-."'!,■«:(jlpthing-; himbs,' ■ 13cl.' v (l3d;);':<;sii!!fWthrce-rJ!iartor: clothing ; 'slipe.icross- , , lived 2nd < ; ombirigft,l3d.j'-;(l3}d.) -.^slipo. , rrossbre'd 2iul ;'.; "'slipo 1 tliicf-riuaripr-bred' eombinn;,-:-12id. : ' (13d.); slipeiliirce-'quarterrbred i»K, 1 !Js<l.'' (1 -3d!)γ-slipc-'.crosslirctl. comb;. 1 inn,'-'!2d. : '(l'-id.V;' : ' 1 slipo/crbsslired*cb i .mb-.'.j ii]ff-.''.]2d.- : J(l-'i<l-) : :'/sli|)e'"crbsshr'(>il;co'mbvi : in«, <)3(l* (IOd.) rVslii)o , '"'clptliiiig i 7 ! Sß3d:il (6''!-9d.)':vslip'e":: : thir(l,'-'.:7}d; ; -?(7fl;>:;^slipe? iambs ww; 95d::.(O3d,y.>:;#g^|||:j;:;t; .Scoured Jcrossbreds. , ; area'meetinptMvif hi a t;o'6d-demaiitl..>r'a : -:l'e'w;- line's Varo:;being';. iakeii for ■ A'!iierica^'Scqtlaiicl,' ii ?''antl; , .thQ-:. Htjddcrslicld-'t.radcsp.biit \vq'*'ca'niibl' , "Ec"'o: ■ tiny, iinprovcnH^nt.'-rinJpricejs-'ir'coinpared , ? l 'wiiiijlast , -.scricsW|g|;i^^iJ;4.'gf^ : |j, \ ... ; si-'-'nieJattcndaaoafoH' 'Cirtisvjjejyesterday- , ■yraa--auito : ;;UD : jtGj,.llie ■jayc.raae,'- t but"f ii" '

respect.to,nctuul business there is very litlle to report, winch shows that trade jiKreriUy' , bettor.' Tho. irregularity oi' prices, in London duriuf; the past.week. Uiasy.tenjGd:-to i iiiako' the position of ttc.pma.k'ersj here, morn -diilieult,-. though ttlwre Varo r some who arguo that tins {irregularity is more, artificial .than real,:t)(?ing 'brought about in a sort of'nom-s-iiial;.-senso by Iho.-iacf that American ■buyers, nm not paying such extreme ipnees . for the classes they ha.vo boon talciHg,;,.as. they have been known'to past, ■ Quito ■ apart from tliis;''however, compared with tho previous, --week, London prices ]iavc fallen oil' for some classes .of wool, and though Competition is not really suffering, some or the .strength has gone out of prices. Tliis is being reflected in .a largo meaMire, hero in 'Bradford, and those who do -.business to-day find that thev arc obligecUo accept it at the lowest market :rates. ■ '"There is not a great-increase in tho weight of business done in merinos;- but if anything. the tone in this market is somewhat better, more offers being made for these qualities. At the' came time, this improvement is not by any.means general, and those who aie continuing tn quote their recent prices admit that, it is impossible to sell at them, which shows, that their customers are'not willing to operate unless- ther can get in at ..tho lowest level' possible. If there is any real improvement ;-nywliore, it is to bo seen in erossbreds, where rather more is being done' in .the lower, qualities. Here, 1 again, however," this, improvement takes the form of a better inquiry without any enhance.ment in prices. .: Inquiry for English wools, is somewhat better, but there ■is'no description in which any appreciable weights can be sold. Holders arc standing out- very firm, but prices arc. exceedingly difficult to make.