LONDON WOOL SALES

Dominion, Volume 8, Issue 2329, 10 December 1914, Page 8

LONDON WOOL SALES

PLENTY OF AMERICAN ORDERS. By Telegraph—Prasa Associatlon-CoDyrieht London, December 8. The flrms'of Jacomb and Sons and Ronald Burton and Company xenort that 9538 bales Were offered at tbo wool sake, and there was oa excellent attendance. Except a few New Zealand slipee anil scoured wools, for which there was animated competition at late rates, the cataloeuoe consisted, entirely of merinos, for which competition was very weak. There are Dlcnty of American orders on the market, but. they cannot be executed because of the insufficient information with regard to the guarantees require*.' Sir George Reid, tho • Australian ' High Commissioner, circulated an announcement that any reasonable guarantees would be Mcepted.'but thle'ie not considered'sufficiently, deftnito to justify operations. Some traders declare that the best solution of tho difficulty would bo for the Government to declare wool contraband of war. Sinfty combing declined by ten per cent,, and short faulty parcels by from, fifteen to twenty-five per cent. The Bank of New Zealand has received the following cablegram" from its London office dated December B:—"Pricen for all crossbreds α-ro par to five por cent, dearer. Merinos are fully ten per cent, cheaper, with inferior qualities neglected." Messrs. Murray, Roberta and 00., Wd.. have this morning received a cablegram from their London friends. Messrs. Sanderson, Murray and Co., dated London, December 8, as follows:—"Large attendance, poor competition. 'Merino combinjr, good, declined 10 per cent., inedium 15 pel cent.,': inferior, faulty practically unsaleable. Crossbred advanced nor to 5 per cent." ■'.:'•■.■'■.• Messrs. Johnston and Co., Ltd., arc in r«ielpt of the folowine oableErfcra from' their London agents:—"Merino declined 10 per cent., crossbred advanced 5 per cent." . New Zealand Loan and Mercantile Agency Company, Limite'd,. have. received the following cablegram from their London house under date December 8:—"Good merino Is 7J per'cent, and medium 10 to 15' per cent, lower. There is fairly active competition, except for faulty 6orts, which arc neglected. There is a good demand for crossbred, and the market is firm.". . • . ,