THE WOOL MARKET.

Gisborne Times, Volume XXV, Issue 2049, 28 November 1907, Page 3

THE WOOL MARKET.

LONDON . SALES OPEN WEAK. 74 TO 10 PER CENT DECLINE. United Press Association —Copyright LONDON, Nov. 27. The wool sales opened weak, with a 'it, to 10 per cent decline in prices. NEW ZEALAND SALES IN sympathy. • P*ass Association. AUCKLAND,. _ Nov. 27. At the first wool sale of the season to-day 4375 bales were offered, being an increase of 365 bales on the opening sales of, last year. A decrease in prices was anticipated, owing clueny to the tightness of the money market, but it was rather surprising that this extended to fine wools. The decrease ranged from ljd to 3d. Both qualities of wopl were really in excellent condition, there being an all-round improvement an quality. . At the Auckland Farmers Union sales fino crossbreds realised from B|d to 9£<l, coarse breeds old to- ckl C- )• At 0. W. Binney and Co.’s sales lid was the top price realised for a consignment of half-bred wool from the Bay of Islands, but /d to M was the average price of half-breds At the N.Z. Loan and Mercantile Agency Co.’s sale, P. H. Gibson, of Wha'kapiau, topped the list with 11 ,d lor ten bales of fine crossbred, fchropshires wero well competed for up to 10 Throughout there wus a noticeaW c decrease on the values of the corresponding sales of last vea,- fine-ha,red wools showing a drop of Jj 1 * }** and coarser sorts of from 2d to 2id. TIMAKU, Nov. 27. At the wool sales here to-day buyers apparently were mdrffevent and ithe sale lacked animation. Cross toreds wero neglected There was fan competition for half-bred, ‘ buyers could secure within then hm its Prices we:i\e about on a gai with -those -ruling at the recent sale at fett S« pieces 6d to Bfd, locks 3Jcl to 41 d. The New Zealand Loan and Mercantile Agency Company, Ltd., hat t •received the following cablegram fiom their London office under Tuesdaj s date: Wool: As compared with .last sales’ closing rates prices- are about 74 per cent to 10 per cent lowei tot coarse crossbred, fine crossbred, medium crossbred, merino and crossbied slipe. Competition by both Homo and foreign buyers is fairly active.