Wool Sales.

Feilding Star, Volume XVII, Issue 136, 7 December 1895, Page 2

Wool Sales.

The London agents of Messrs Barraud and Abraham (T. R. Turnbull and Co.) report under date November Ist : — Wool — At the fifth series, which terminated on the 12th ult. both scoured and greasy merinos generally advanced 10, 15 and 20 per cent above July rates. Crossbreds held their position well daring the sales. The attendance was good throughout and the competition brisk and animated, although signs of a desire to get values down were occasionally manifested by some sections of the trade. During the present interval bnyers seem content to pause and look on. Steady markets are reported from manufacturing centrs at Home, but the Continential markets have been rather unsettled by a fall in the term quotations in Antwerp for tops— chiefly due it is believed to the action of speculators. At the sales which began in the City on Oct. 22nd, prices were firmer at the opening than in July, bnt not up to tbe parity of our late sales in London. Tliese sales closed weak on the 25th, about 60 per cent, of the wool put forward being withdrawn. Tbe influence of tbe bears bad a depressing effect and is reported to have affected the Colonial sales now taking place. Tbe last Home reports are of quieter markets for wool and tops, but this is probably due to a natural reaction after the excitement of last sales.

(Per Press Association.) Wellington, Dec 5. The first series of local wool sales opened to a larger attendance than nsual. For better quality the bidding was spirited, but for faulty sorts there was no animation. Of 1900 bales offered somewhat more than half sold and prices showed an average advance of 10 per cent, compared with values at last season's opening. For bright lustrous wools the rise reached as much as 15 per cent. Good greasy cross- breds brought 7£d to 9d ; medium and inferior s|d to 7_d. Messrs Levin and Co. report : At our first wool sale of the present season, held to-day, there was a large attendance of English and local buyers. Bidding was fairly spirited, and competition for good parcels keen, though prices obtained in some cases may not be up to growers' anticipations. We quitted the greater portion of onr catalogue at prices ranging from 15 to 20 per cent above tbose current this time last year. Good clean crossbreds brought up to 8$fl ; half breds, 8d to B£d ; medinm wools, 7id to 8d ; bushstained, 5d to 6£d ; pieces, 4d to 5d : locks, 2d to 3£d. Onr next sale will be held on the 17th of January. London, December 5. There was keen competition at the wool sales, and prices remain firm without change. December 6. Bradford tops fully 7J per cent below the opening price ; London market at par. _____ __