LONDON WOOL SALES

Dominion, Volume 9, Issue 2793, 10 June 1916, Page 8

LONDON WOOL SALES

ANOTHER EMBARGO ENGLISH WOOL SALES NOT TO BE HELD By Telegraph—Press Association—Copyright Lpndon, Juno 8. At the sales bidding for alt merinos and fine crossbrcds was animated at full recent rate 3. Thero hotter competition lor crossbrcds, and .prices were decidedly harei-er for slipes and greasies. Prices realised: Fernside, top 17Jd.averago ; Tivolitsu-ta, 21d-. ana 19jd.; Olioha, 3'7id. and 1552. CLOSE Oif THE SALES. (Hoc. Juno 9. 7.30 p.jn.) London, Juno 8. The wool sales have closed. Tfco quantity sold lor Home consumption is 61,(ai0 baiss. for the Continent SHJO bales, and .4000 bales wore helit. over, making 1C9.000 bales avaitoblo for tlie liftli scrleij, All merinos hardened, good scoured closing at 2d. to 34. above April parity; medium and faulty, 10 per cent.; beet (u'casie.-. taken by t-li-o Home trade'and Uussia, 10 ho is per cent.; fine crossbrcds, 7£d. por cent.; medium and coarse recovered the opoiiing weakness, and closed in sellers' favour; scoured were Id. to 2d. abovo April rate-H, slipes were a penny higher; mej-ino and Ininbs. 10 to 15 per cent., and orossbreds a halfpenny hipfliil. 1 The s following wore the prices Tcalised for ChoHeoe.o portion of the New Zealand clips named;—" Admiral," top jirice IBJd., average pneo 17jd.;- "Mason," top lnd., average 17 3-Bd.; "Tuarua," top 18d., average UM- . ALL SALES POSTPONED. (Eec. June 9, 9.5 p.m.)London, June 8. The latest information Is that- tho Government has iKMtponed all English wool sales with a ■ vib«- to coutrolung the distribution and. prices. CONTEOL OP ENGLISH CLIPS. ■ There was considerable excitement in tho sale room on olit, announcement being mado that the War Office had ordered the can(illation ol the tales at Kelltoriiig, m Northamptonshire, and Bieestor, tn Oxfordshire. This is regarded as foreshadowing the Governmcnt'.s intention to control w«. : laiglxh' clip- for' Home requirements, Tho st|ap is regarded as of the highest im. portance, especially as it follows the census taken in tho textile industries,

Messrs. Dalgety and. Company, Limited, Wellington have received tho following 'cablegram from their London, office, dated Ju.ie The sales closed vory firm. As compared with closing rates of last sale, prices were as follow:—Merinos, scoured miner, 10 imiMSJtt. dearer; other sorts, 10 per cent, to 15 per cent.; greasy, super, 10 per .cent; greasy, good, 10 per cent, to 15 per cent.; greasy, faulty, 5 per cent, to 74 per cent, dearer; &»ssbi;eds, greasy, fine 75 per cent, dearer; greasy, good medium, par to 5 per'cent, dearer; ;rtasy, coarse, par; scoured, fine, 6 per cent, to 75 'per cent, dearer; coarse, 5 per cent, dearer. Klipes were. 5 per cent, higher, and all lambs advanced 5 per cent. The Homo trade bought 58,000 bales; Continent, 5000; America, nil; carried forward, 8000 bales, of which 6500 bales w:ers..uot offered. The New Zealand Loan anil Mercantile Agency Co., Ltd., have received thn following, cablegram From their London fcoasn, under-.date June B:—Soles closed firm As compared with May 6 the following aro higher. Merino, superior and lambs, 7} ner cent-, to 10 per'oent., and medium ill fenor, 10 per cent, to 15 ,por cent.; ilno greasy 01-o.ssbred, '5 per cent.; medium aa vmm as lambs' and sllpe, par to 8 per cent.' scoured, 5 per cent, to ?i ,nor cent. Mesisrs. Abraham and Williams, Ltd., navu received the following cable hiessago from their London agents, dated June 8:--The fourth series continue to o largo attendance of buyers, and competition is Rood far all wools. The prices, as compared vritli last scries, show a. rise of 10 per cent/ for merinos, find 5 per cent for lino orossbredg. wWle tho market is' un changed for other wools. Messrs. Murray, Roberts and Co., Ltd. r V j . rc< *H a cablegram from their London mends, Messrs. Sanderson, Murray and Co., -under date Juno 8. as follows:—Sales closed. No material change except m short inferior merino and coarse shabby ; orossbrod, for which the market it irregular; BCOO bales held over." -'' - ' \