LONDON WOOL SALES

Dominion, Volume 7, Issue 2181, 20 June 1914, Page 15

LONDON WOOL SALES

ADVANCE FUf&Y MAINTAINED

(From Our Spaeial OorrMiriaiii3c;n.ts,) MntJfirii Mii.y 8. Another iveolt lift* pu-ssofl, awl still tho tiiulo lhit(« ilsoif its ittitivply onKOKcd n« over in liftiuj; ((vf big weights of wool wliitili ni'O hintn; siihinitlMi in 'ColcmuH Slrci'l Wtisil Kx<'imuK<>. JmlgiiiK from llio sulim wltinh liavc tittei pliioo oui'li dajs slut) ivhii'ft iu.ivis seldom lii'im umiur tii.illHi jijiliv., owsktb iip|i<<nt' willinn In iiK-vi llffi H-.tirliff. and 1 indeed tlie.v hvm fivurj ieiiaoii for f« ! (liiiilfr, \Vti Imvo !!lwi\V!s (■.■fißtejictcd that] it ifi lltn luitit. |folisj;v ii'sf' fbewi to sotr wlum viiliin.H ii.ff lli.K;ii.< Mini whuji |idces me low llmlr (ijoiin is file fittio !< : i ludd .■il nek, We it to ewiiijii I fuel iwi giwvev | e»n Imilv ii)i(m t-k(\ <i>i«!Koiit. «vi.\jti.hud of wool viilnert d;ii4 liu diwftt.isflcd with I litem, iiltlioiitfis Ihe ti.fitt.i'i's bwug sinjd -for mi'dhim ni»| cfHirßiv we'd .»r* . poHiiilily lini'dl); rn>- i.o. the exptKbttkinit of miui.v New iMislitiiofisfei, No' •dotilil lluw imo .stflt Llus wuntast vi ■ liny ejiiM.i of vviioi, utllipMgli tlttit perhtt|).H is Imi'tlly Mix) ttvfih la bo CTftpfo.v----(!t l; Still, we Hihl ii Inrgd (jH.uvrtifcy of: tliiji vnw inati'i'i'iiil rtijy rmtlisiiiil from ; lUi!. to f Ul.- jn'ir {!>,, tliosQ (ignres et-ftrao ly sixtisfyiiip; soiMO of tjur friufttl-s. Apart from l.lus, wo e.to- vouiidwit tifot oscolleiit linnres nta foajt'ssoci-, ttftd it en ii bu tnlton for .Rfiiftlwl tlnrt ovvrything from CD's Kpwurds. is rriaking prices which to-dsiy' ««iiiwlr btii- be rcyaydod us good Tnt.vinj; otwa. B-ut ■ this is as it' sliouid be, Leiy valtifier never did much gsod cither to grownrs or consntnors, f6f esijoltoiics proves that fully ns much is dOHc jft vwol, tops, yarns, ai\d viieees when vidufis are fairly high, as whoa they aro tow. 'Wehavo lttio«yi quite sis stack- mivrkete when G4's tops Imvi) lj.D'fiM at Js.. Gd. per _ 1b.., ns frljdft this were in tho ncighbriui'ltoorl »f 2s. 6c'f., awl ovcn_ '10's tops ni-Sd. hftvo been productive of eqtoivllj.' as njuaii diSs*tiafac' tion tis when the* wtjfe fotelriilg 16d, Wo tliiftk that whim vnJhi« are moderately high, there i.'s nil Incentive on tho pa-rt of the wliolesaje fabric buyers to operate, and, w-e believe t,uday that with a little more .eowiktaioe oil their part, the hflmc tracte' lymild be stinmlatoy, into real activity. Ho*evof, tho past week's sales jiave b'e-?» markei:! hy ji coiitiii'iianee of a lafge- attendance. Competition has j-iiled feeeii, and been "well siis'tained, nwi wo regard the turnover tjf ihe Wcets as cnvirjently satisfnctoiy. \ Morinos stiff setlFrrg splfiiirtidly. No one can take st.otrk of the week'soperations wi'tliotit uckiKJvvi-pdgisig the supremacy of wntisws. 'l!lmm hat-c not fallen away as they clsd in iilardi, and the secoiic! tvecfe \vf" tlie auctions finds prices firilj- EQtfal to 'th« ■be.tt reaiisod a • week ago, We n#e couSdent that ovorythiH.g kdicsites real loaltliftilness.' 'i'he G-ftprings have been on tho whole-good, ~aii:d. "ivs believe the- best merinos thisAivec'k have' coftsfe-fced of New Zealand g#roter. inclucffijfr some, nice parcels froi'n, Ticte'ia. Mie effer iiiKs.from'Souflijtestrnlfci have Ijocu ijv no moans brilmiii, rtl'fii.ough mm guod t . • usefub raw liiiterial has < b*tn cafaloßued. A few Sontfi lasterti' eh'ps.nave figured p.romifleiitly Mnonifi tli'a offerings and-'ttese ha.vA sold .Splendidly..". Still, the Wgges-t weight has ciame • irrom ■ Victoria".".-"aM -New Kettk-nd. together with -soind useful "lines ' from. Now South "Wales.. -Also sou re . verv good wools hftv* eqrrfe:f torn West Australia;- to whreh M jtfstieo Jias been shown, and wfe.sre sstisfiei that toorinqs-' are -sbl'ltiig toVtiav, " at- t-hg '■highest: .point-of the .'serfe. ■■ \Vo ~, havei-:rno ■ ...llesita-tio.il in. savktg that _ good ' eoaibiii.g woofs ' ars* fetching to-day 5 fa-7* per eait. mem than they diriai tire ©las© of tho.Mafth: auctions. A gooff dial oi tMs" Js.fe , to the incoming of the- United States,' and. there is-"no- denying thsit. 5:01110: really good 'prices have b.seti pnkJ 'oit American actsnmt. . Sojmc es-p-r-oss surprise at this,, in view -tyfi t-.li.b ■■jHarfetiiig of • iho_ American <JonicSti"c. .ofi.p, but icii we have before remarked, America irms.t purchase eotaiiia] sveoj.s; mid ive ati-o satisfied that'.'tii.e limrnros of. tin Qom'monwealth -caiiiitft bo boii-'tca-:;; by any class of ..raw material sv'kieh- is. ' being : grown elsewhere-.', tte-resuliis thai We; find 'New. Zealand'..merinos selling feeni lod. to 16d. .per-fli-.., and'3ll the- good Australian ms'rinos wo realising.- si-mi. lar figures. She Home trade is a feieß buyer, io is 'SeKiniSny :•'' i« "'faet,.. the whole trade, -iv'itij t%6 ssseptioii d' France, appears tb : be ikeen to,' pniehase good,, useful merino wool.. . Scoured finft '■ woals are i»'t ple.ntiM, ' but.'afe.Gclliftg' freelyj tltetigli. vw consider that tlip- advaflca. hero is "ftoi sr» marked as'- iw ■ -gt'easy parcels, , also continues to be a liberal huyor, and is paying ftfeefv ft'orti 2s. to 2s. 2d. per lb. We cannot sfto sftoiueA pierjes- '' and bellies rwti'fsvng a great deal more than they .did'test series-, but tho call 'is good. Still, it is a- ft-et that Vet" viers scourers- iffld erar|)OM.wrs >. ltave 'not been so fieea to bxip a.s \v& ttstfal-iy see, Wo hear en excellent attthori'ty that several fir-sits arc well sttppllod. svitb. colonial imports., a-iid thp'tefore fire doing no. more 'than , caSiwfly eiiipixirt. tite ' market. Crossbretls in Good Pflsriandv A feature of ti{e e'i:e-sS.Bi?ed off.e.riiig.3 ' is tho iirst-clftS-s pl-iees which afe forthcoming for fine- New Zcblswkl li-aLftoecc-s and Port Philip eomebsck wools. Those are fetching aiiywhero frost I'ti. {.Vq IJd. more than they did at the ffttcl of Mweh. In fact, whereas I'c!d„ wa-s a-ii estremo price during tbel-'ast fte&k of the Ulareh auctions for goad 39's to Sfi's ivouls, from 13d. to ].sd. is to-diiy realispd_ in many instanSfeS. Ajn-erfca i$ also giving magnificent support; in fact, tlvo de> maud is quite, as keen ns for nierines. Even Bradford buyers fljrc wanting tlteso wools, and . paying tixtreme iiptrfes, while Germany,, too, is ftbo reatry to purchase, but flic big prices are almost entirely tho rcsirft of active competition. Ii looks fi'ke (sM-'KiiW prices when we see- 13ti. paid for g-oor] bnjfbred wools, figwes 'wJticls eertniSily indicate a high King.e of: wetj!' tfaltios. Some very 'heavy offerings avo beii.)-g made daily of m(s'dii?n> nHd -cciU'se twsfc bred'S, ami coasitteraMc rjiiaiiiiiios vi wool are selling'at if)d, to lltl. Caarse. croosbretls a'ro Miakiiig from lOd, to IOJd-, while 4.6' ! s qiia.lf.tiej> are ranging around; lid. Of eoiirae, Imtter-eoiidi-tioncd wools a.ro selling.at IHd., still somo big weights are changing ltawisat lOd. to lldi. -and wo lave to acknowledge that tfc-se weals, are very reasonable. Some .seam „to think that they arc just the turri' in buyers' faviiflT, but personafly we cij-n see little d'fforeiico compared with opening values. As a matter of fact, tho way th«sso wools aro mo-Viftg into buyers 5 hands is remarkable, and" is* are surprised t-hat values havo nat yet eased jjer-Ccfitibly, Competition temaiivs vc-ry goed, ;iml we aro satisfied that yahies are being well maintained. Arcwrica is taking &tsnw> nieeweights at lit], to Hid. We ate satisfied that they will find this wool, nwstuseful, and it should leave hejiiud a decent profit. Of course, the New Ziea* land clip is this spaWn distiiictly more heavy aiid wsistj than -a year -sigg, and this" may have'something to *10-ivhh so many' lobs sellini; at arbtind Kid, Scoured ei'ossbreds do not show a great deal of ekutge, but art* moving into buyers' Iwncls very fivflly indeed. The Scotch woollen trade sis «elt as Huddersfield buyers have givwi go-ad support, nnr.l We da fiot see im'ich difference in values compared with the best "of March prices. Slipo.s are making very fioo;! fisurcs, particularly for laniba' Waot.., Wo cannot see prices beiiig any Jiiglver than last week; in fact,"here ami there wa think tliern are indications o-f a little ease, but wo stilt find exceedingly- good prices beiiif; paid {or wool af fir*4«class { charactciistitts-