LONDON WOOL SALES

Dominion, Volume 14, Issue 42, 13 November 1920, Page 14

LONDON WOOL SALES

BUYING INTERESTS WELL SUSTAINED

From Our Snecial Correspondent, London, September 9. The sales came to a finish lust Friday ; an. splendid order, the final results ox!ce«ling all expectations. In fact, tho I'enTlro sories liavo been far better than |«.nybody expected. Let the reader's mind i.go back to what transpired in London [only two weeks bfcfore the recent auc- ■ .'tfons opened. At that' sale, not 23 per I cent, of the offerings were sold, and ioftentimM pases were passed by with : simply the soiling broker announcing tho ' Government reserve price, and- not a i single lot being claimed by buyers. Even ! the attendance last week was significant. '.There were quite as many buyers pro■.sent. Doth Homo and Continental, as we're- seen during last .February and March when the auctions wero red 'hot, : and instead of an indifferent crowd of buyers, everybody seemed'to be there intenf on buying, every day of the auctions all-round 90 per cent, of tho offerings lefng.disposed of. This was a remarknble accomplishment, being clearly lndieative of different buying spirit having epine over the trado. In fact, tlio way - French buyers operated - wa« very remarkable, taking the fine-haired Isew England merinos as well as medium arid ■ fine crossbreds. In a word, the totallj unexpected happened, and instead of a iilack', disappointing"market, the auctiojis finished with ' values all round 10 per cent, higher, with the exception of coarso crossbreds. Changes Seen. The following list shows the changes which took place, compared with tne close of the previous auctions:— . jln»traTasian 'Wool.— Greasy merino, superior, sa. to 6d. dearer; greasy merino average to good, iif. to sd. dearer j greasy jnerino, poor condition, 2d. dearer; greasy merino, inferior locks. and P ieces ' Ifl- - scoured merinos, superior, 8(1. to 9d dearer; scoured merino, average to cocid 2d. to 3d. dearer; scoured monno, inferior, 2d. dearer; scoured merino faulty locks and pieces, fully pari: ?_®sy morino,"'lambs, superior, par; in'o lambs medium, par to id. dearer, gVeasy merino lambs, inferior par; grea y crossbrcxk, fine supenof, 2d. to -Id. dearer- greasy crossbred, fine ordinary, Id. dearer; greasy crossbred, medmm sunerior. par; greasy crossbred, msdim* ordinary! pkr; greasy crossbred ' (superior, par; greasy crostacd. coar e ordinarv. par: scoured crossbred, fiue, fld. to dearer; scoured crossbred, medium and coarso, par; slipe crossbred, fine lamfo 8(1. dearer: slipe crossbred, medium lambs, 4d. dearer; slipe crossbred coarse lambs, par; scoiired crossbred, Faulty "classes, par; greasy Punta Arenas, well conditioned, 2d. to 3d. dearer; greasy Arenas, iasty, Id dearer; greasy Falkland Islands, none offereU. ' . South African-Snow wlntc supcr M. dearer; snow -white, medium, Id. dearer, snow white, inferior, Id. dearer; greasy comHn" light, Id. to 2d. dcater; greasy SS heavy, par to Id. dearer; grew clothing, light, par; greasy clothing, . heavy, par. Clean Scoured Costs. ; ' The improvement at the , been so radical that we think itjwhcj ' to trivo i'.ho clean scoured costa of colonial wool and beloV is Messrs. Ivrcglinger and Fenian's list. The figures relate to the openii/g week of the, sales, and the •writor ventures the opinion that if inMft wfts 'brouglic np-to-tiatc I>J t b lulling values at .yenmh o advance should have, to 1» made. The particulars arc as fouow. nat^i

y English Wool in Coleman Street. It does seem on the surface of tilings a -little incongruous for 1960 _ bales ot English fleece wool to be catnloguc<l in . Coleman Strceii Wool Exchnnge Thcrc ' is, 1 'however, some interesting l«^ or yJ™" hmd the present move. One of Ine toading spirits of the Agricultural Organ sa- \ tion' Society is a gentleman who lia. • spent many years in Australia on a sl'wp fetation, ami is said to be praclicaU.v ntevesifcd in pursuit?* 111 the Coin moiiwealth. Evidently lie believes that -the- colonial method of preparing clip= for market is tho right one, foi after considerable agitation he several farmers' associations 1 " ®? gln , n i 0 ? pool their clips, liavd them «nd classed for quality, finally eon? tho same to Coleman Street Wool Ex- ■ change for sale. For two yen™ before ■the war this was done 011 a small scale, and-then the British Government commandeered the iloma clip for three seasons Thf» 19C0 bales cntolgited last week represented the first instaimcni ojereil durin" this season's campaign, and the ' results cannot, be regarded as satisfactoiy. Tin- reader will sec that. the adopt.on of Treso methods cuts right through he English wool merchant's trade, disturbing connections of very long standing, awl to a largo extent upsetting tlic trade. Ine eociety already mentioned has, however, 110 doubt done exceedingly well for far mora in bringing producer "nd coneumor closer together, the elimination of the . middleman being the moving principle in the whole -movement.

7l>'s snp. lleeces „ 10 " gj W-87'sgood med. lleeces -JOi 8o-90 Dj CO-G-J's good raeil. ileects 30 'l 1 „ 64's good medium pi«ces 2S <? °- BO's qood liicccs ...... 37 UJ 58-60's good medium fig ,18's 2« f •50-50's fine X-bd. fleeces 231 o5 - oa 46-50's X : brod Jleeces 18 4S's X-bred llecces ... 17 • f . J-fs X-brcd fleeces. ... IB f 36-Ws''X-bred fleeces 151 - 1 10-12. months combing .. "Copes 27 6-7 months good cloth- ■ _ M ing Capos ■"* Carbonising— 60-61's good carboius- - 55 ing pieces ;•••• - D CD-W's carbonising • iC pieces and bellies 25 . « 60's average locks .... -U °\