LONDON WOOL SALES

Dominion, Volume 7, Issue 2184, 24 June 1914, Page 11

LONDON WOOL SALES

PRICES FIRM A HEALTHY demand for wool (From Our Bon'iul Ccfrresjantavts.) ! London, May 15, Another ttfeek has passed, and still ■ 'tb& end of the third' series of London > Sales has hardly arrived, although i.ji a i few hours the hammer will have fallen 1 oft the last lot- catalogued. The series • have tuen characterised by_ everything 1 that Can bo palled encouraging, and as ■ one surveys the past, we must recog--1 nise the Standing ol tho ra\v material, ■ and admit thai it occupies a very sjg- >. nifi.ea.wt position. The most swrgriso 1 centres aftund the fact that the raw materia! has found a readier sale than i ©veil the most sanguine expected, and 1 it has now become an; acknowledged • thing that when, overyono expects a ' fall, there is 'usually a rise, and that > has obtained to a large exf eiit during : the past three week's. When the trado > saw practically 160,000 bales of New • Zealand and South American erossbreds > available, nox a few nibbed their.hands • in glfie, for they thought that prices i w-eto going to be- lower, but flo sufih thing happened. We are face to face with the fast, that the big weight of Gfe'ssjbreds has heea lifted without much „ ado, and instead of values depreciating, . and even medium and coarse erossbreds j declining, a. Steady $tßudard of values ' lias been maintained from first to last. , U this alone thets is dtetfeci proof . that wool occupies ft ppsitioii that cannot IjuS no regarded with feelings of , satisfaction, notwithstanding that buy- • e,rs .are craving for cheaper wool, alid , wondering when it u ill collie Tito ktir- [ deii of. the cry of those sitting on the i : brtinheS oi Ootomaii Stfeet Wool .. Esj charge this last three weeks Jius been t that wool .is costma sadly too roucb, ar.d far more than either tdpraakcrs, spini ners, or manufftcturers' can get hack a£ai : ii, but such a statement has to be . taken with the provethinj grftia of siilt. ] Merinos Still in Strong Demand. The last w«?k of tho auctions has naturally provided a very'_meagtejshow . of merinos, the bulk consisting at .sec* j oud-hand parcels, Last Monday there ? was a splfeudid show of SoutL-hastern , Adelaide wools,' aftd they provided • mesino htiyets-with .material wli'ich_iEaue j the mouth of many of them water. . Messrs. 11. Jrwoll and Co. Bc-e.nl to have f to sorne extent the monopoly of the 015 ferjtig of these wools, aiid they are natu- ■> rally piea-smi wiih their sale, which tiliey I might well bo. Throughout the whole i auctions thesn wools have been as kecni jy competed for as the West Victoria-ii merinos, but, of course, they are of tho I same charaetori and command tho undivided attention of everyone can :. use these superior lines, of menrios. i Many people are wondering wherfe the--1 supply of .merinos is cottiing frota for . the #est sk months, a.nd as j-et jio one i has been bold enough to anticipate tho quantity of ineriuos which is likely ta t be available at tho -July auctions. If I Ike to* a! reaches 50,0C0 bales it ■■wilj bs n;ore fchah the n;tvjority cXpoct; in fact, ]: both for the. July it-fld September aiic- } tions, Queensland will bo the prine!iia' . sotrrcc of supply, including tho scouted l skin wool?, which conic from • lldfeonnio „ Geoiortg, Sydiiay. and Brisbane. Of course', Adelaide ivill send its Tjs'ial s quantity of scoureds, Hilt whatever j comes. 1 be it short or long 'Wools., all fink, descriptions aW certain to ft.eet a very keen-ttarkot,' Biuyers are fewng , homo with the firm opinion, thnt. thete; vvfll b's nothing cheaper •ifl! | }n'sr!no'.B : ; .aßd' the- firm finish will sand al'l representa.'M\tos back . to their resjjec'ivo homes k satisfied • with U'hat has been done m " Oolottia'n S'troot, During the week theJ eall for nftft 'ivools lias., Mtsained ui> diiiakiished, whetlier -greaSo or ":. eco'ired there, lias, been Jio falling off in s sith.Cr dfcjftitad'or prieov A$ #■ matter «f ■fact, some sefitn to thiiilv t|va4 st&tiircfl 5,1 .Areriftos aro fraction jbetter thaw ' they aid 4arK'eT p' tl® series, and w# nee<l ■ only. , point to tho ttei% • known Adelaide scoureds _ , GI T ;H 1 to sec evidence of this, the *' seemed «if)or combing • making this r irtok 2Ss QldiF COWpWed with '2 : k. the previous "week. The demand for tho » |>ieeos','lva's exceedingly keen, aftd -hefO 1 to very fiijl prices were jsnid-3 in fact, 8 sve that all straight fleees, 1 i which, is. sellmg. rnnnd 2s. 2d. to 2,5. 3d. " for good lots, .sIiOTVS .an.. exce.ed.uig.ty ' satisfactory state of affairs, and clearly 3 indicates that merino prices have lost s no ground whatever compared with tho close of last auctions, i . . ' . South-Eastern South Australian Wools. ~ As already indicated, soino of tho hc.ro r clips, g'/owii in tho soitt-h-oastern district of South Australia have heon c'atat logued. \Vlien greasy combing wools w SM selling up to Is. it shows that 3 r.ie market is fairly strong, and that is asactly. ifa> situation. &§ a Walter E> , of fact-, 'from lad. to lGd. have been f tegular prices, diul:_. R is many years' b sgo since anything life such figu.res for, Muth-easte.rn-groira clips -were made. Of courss, these wools possess a- he-aiiv £. tiful quaHty, hut their essentia! chariiqs teris&s aro softness of handle, soundness of staple, and awi'sually good condition. Soma aro a. bit sappy I or cstra heavy iu. yolk, hii't- wb>n alj. kwanco is inado for this, thero ,i.s not much difference in tlio clean scoured ' : cost, com pared with those of greater yield. All sections of the trade appear f'o if'aiit tteso, 'wools,, and soin.c fssJf QiJaii-tities havfi feoue to the United States, as well as Ycrkshii-e and tho ■ Continent. Of course, th.ej ! will fii'O" duco fabrics of, the very besi Wil&r, aud cloths niado frotfi these wools Wwl . shofi* a softness of handle wijich will cci fca iniy cainwciiii' theiii to the iuosfc fastidious bajer of wooll'en or wotsted falirics.. If some of the clips wcro.a little better classed, more regtilar }is qaaiitv, and a little, more skirting done, it woiild ho a direct advantngo to them, aii4 is where some of the ofrnfrs . ar© a little careless. Still the staple is right-, and hecati.se of that there is ■e.very, eneosi-ragewent for pastoraßsts - to purs'iw- a forfi'iird programnio b.j' growing that ffhich the trade is urgently dcinandiiig. Crossbrcds Soiling Steaally. Tiiei'e is not it great tkal to say ta regard to the position ff vroi-sbreds. During tho week atamt 41,000 bales hav« been eotaln'-iiie;!, a.iid this means that- about 126,000 bales ha.ve teen jiut before buyers during., the si - h?Jlo of the past three weeks. ' It is »ot kntrvfn as W "'rite this what qtiiantity is going to he carried forward, hut it , will vets' small in4>»;d, awl inweil less than anybody <w£r. greeted, flaking a i'o«gh ■ Ruess, it looiks to hs as if no wo're than 10,000 bales of New Zealaiul fit'/ssbrods aw going to he c.an'icd for i ward to the July s»ries.' j Tile sates this we-elc havo shown qtiit.o Us .much iiniwatiiM as during the previous fortnight, home, trade buj'tM's ro-ma-imng in the ikid and competiiig keenly (or the wools every day. As a matter of fact, there havo been ii® slack ■lights during tlic weefcj many users ■ft-ho were afisent during the second ■ week having turned Up again, a®?, competed readily for the woo-is avajlaiite. Vino half-hK-ls and. eoiuc-hasfc wools have sold steadily at Use high standard of valvits fixed towards, the end of -the first week, and again from 13d. to Ifid. has been,hi:theauinig far X-r.w Zealami aiid Vktorian erossbreds, all of which havo sold at very firm prices. Of course, the show this frrek has nor. beon c.i t uai to last-, and although at times the same high figures have not boor, forthcoming, it is Because the- frools have not hcon so stylH'., (it id fi.no in- rjUclii v. Still, value tor value, tho Vool's - this have fwt with a keen demand, and fold splendid-

ly at In-B-fc week's rates. Tlu* bi£ wcighi., of medium mid uoarso crosstails offered lias also beei-i .taken in i most ready way. Ymfa'hire jws beci the Iccftiics-t having ialco: the largest part tho offcri.ft.gßj aitd ii is to bo hoped. that during the nest months trade will state bettor, ant lead to some profitable business. There is no chango tea report- in scoured eraSs> breds, or even s'lipes, 9.11 of which hav( continued to sell freely at- eteady ario firm prices,, Bradford f/lsriiot. No 'relief has carte to tlijs market and business go.ueraliy continue to b( exceedingly diiiimiii to negotiate. Tt» raw material is still cSersisiitg a verj strong inltuonco ov«-r tho whole pesi ticn. Bot only in London, but also -it Bradford- ■ ®ijg j-B pariiQUiarlj' the ca£e with regard to fine wools, aiid to Pen sequence of the high pricoa which an being paid, which are being supporte« b.v Americas users, makers of fiae iop: arts to-day quoting exceedingly ii.rn prices, 'fii® amount of actual business doing iu this cleSpri.pt-.ioii of tops is ao' large, ami tho position of spinners i s-uefi that they ate not. operating wt ks& compelled to do so by actual needs I |V inc bpimmrs have recently not -bee! meeting with, audi a fico'd inquiry fo their yarns, and niaunfactureiH liavere belied so stroftgly against the prici* which they have been compelled h quote that profitable business has be crnne more difficult than ever. Wo hnv> heard reports of a good 6-I's top be lug sold as. high as fe. 7Jd,. but. thi 13 ah extreme figure oven at tho pre eeat time, and at }d. less business eai be done to-day. .. Fftia e'rosshred top ate all yerj' firm, aftd inquiry in ih* sefi'tt!;s' to be improving Some what. Ciossbrods are .on tin* ivlioj steady, and tho feftds'-.moveMjvt of -thi ■ class of raw material in London ha stre-ngtheiied' tapmiikeri horo, tTidug. there is -still considerabht. room for in' provemwit iti .respect' of -inftui-ry fo tojjs. The export trade is still nnsatif factory, awl Bpiirners art. very -often i-i » worse positiot! than is the ®«se firnoti, B< : -t;my itwsn, though there is much irtt i-U-larity in 'this respect. Old Orders ar heme bettor particularised, and thi for the time being is the most pleaaifij feature. Forties prepared tops n.r qea-ted at £<j BHd., -ft-nd it nrtsy b ■said that the Past -inquiry is still be mg ejeperieneed for the: low descrip tioiis, iiiel-tiii.ii-g 32's rend- 3fi's-