LONDON WOOL SALES.

Gisborne Times, Volume XXVI, Issue 2239, 10 July 1908, Page 1

LONDON WOOL SALES.

IMPROVED MARKET. GOOD BUYING AT VERY FIRM BATES. [From Oun Special Couhehi’ONpknt.J LONDON, May ill), 1903. Tho past week in Coleman Street h is been a very active one, and real good business had been done. The tone lias kept up, competition hag been koon and well sustained, and the sorics are -finishing to-night in a- far different way to what tho last series did. Perhaps the most satisfactory feature in connection with the sittings has been a. return of Continental buying on a fairly liberal scale. Tho first week neither Franco nor Germany did much, but this last week tho latter especially have operated on a very fxtensivo scale, ami both in merinos and crossbreds some very good lines have been taken. One could not help but liotico the strong competition of the foreign section for morales, and this lias undoubtedly bellied to improve matters considerably. During the week there has been very many speculators' wools offered, uiid.avliep.sold these-have lia-; turally shown heavy losses. At times' owners would not submit to the prices offered, but it does not look as if they will d 0 much hotter by carrying over their wools. Competition lias not boen so very keen for the shabby, wasty scoureds, though this last three nights theso have moved more fre'ely at the prices bid. What is selling best is good combing wools in the grease, and anything light is benefiting considerably by American competition. Anything favored by the Yankees means Id to 2d per lb. rise over last series, and in this particular there is a sharp line of demarcation between those wools which are not good enough for American. There is a good enquiry for fine grease front Gl’s to 70’s, and surprise has often been expressed that tile shafty Ade-laides—-mostly imports—which have been offered, have not sold better. For real tip-top parcels belonging to some of tho “crack” clips of South Australia no more than lOd has been bid for wools yielding 54 per cent., and 9id lias more frequently bcei; paid. Fine, clean scoureds continue very reasonable, and some excellent clips with color and condition perfect, have not made more than Is 9d, and several a. penny less. Withdrawals have been comparatively few, and I am certain that the series are drawing to a finish with the tone dis-' tinctly better and the feeling more hopeful regarding the future. THE IMPROVEMENT IN CROSSBREDS.

Crossbreds have continued all through tho week to make the best priceg of the series, ami Bradford has continued to take them with undiminislied vigor. Other sections have also coma into the market, the rcstdt being that prices jire sensibly better than at the opening. Perhaps there is no better known clip than “Titi,” grown, I believe, in the Hawke’s 'Bay district of New Zealand. It is a. splendid character, shafty, good length, nice 40’e to 40’s quality, and always well prepared for market. So fur this season it has been offered four times, and below I show what tho wool lias realised each time it lias been submitted. Two days ago there was some American competition for tho B and C crossbreds, and this undoubtedly helped things nicely, but- it also serves -to show tho improvement that has taken place: TITI.

day crossbreds generally showed a slight easing tendency to the extent of id per Jb., but on Wednesday and again last night everything sold us well ias ever, and to-day .when the series finish, I am certain that everything' will move off at tho highest point.

ftolcl by Messrs Buxton, Ronald and Co., May 22: BB: Greasy. 23 A ersbd. ,74<1; 10 Bdo 7-id ; 54 Odo 6Jd; 106 do, do Gid; 21 D do 6d; 16 do bellies sd; 13 do pcs. 4Jd; 39 Ist do lambs GJd ; 7 2nd do, do old; 9 slipe do Old s 3 do, do 2nds sid.

Cl/Kaitangata: Grsv. 18 B ersbd. 7id: 7 D do 7ld ; 10 do, do 6:[d ; 6 A do 7d; 23 do, do Cfd; 18 C do 64d ; 7 do pcs. sd; 7 do bellies ltd; 4 Ist do crutchings IJd; 4 do locks 3Jd : 9 Ist do lambs Gid ; 3 2nd do, do o|d. CGW : Gray. 33 ersbd 5Jd; 5 do pcs 4d; 3 do crutchings 4id; 11 Ist do lambs GAd; 2 slipe do, do Old; 4 do, do mixed o.Jd. Sold bv Messrs Jacomb, Son and Co., M.av 2G : C and P: Gray- 20 A 4-bd. 9Jd; 30 B do 9d ; 16 A ersbd. 8d ; 33 B do 7id ; 4 C do Gid; 2 A ersbd. pcs. sild; 10 do bellies ojd; 3 locks Sid ; 2 serd. i-bd 121 d. A good useful clip' of wellgrown wools. BRADFORD CONDITIONS. HIGHER PRICES AND MORE BUSINESS. Bradford Ibis last fortnight lias been looking upon London in a very significant way, and we see the effects of this in prices being advanced all round for every commodity. There has been a. good amount of buying both of tops and yarns, but not such as to fully endorse the strong lead of Coleman Street. However, it lias been sufficient to sec considerable purchases made which has given great strength to prices. Generally speaking a rise of 2]d per lb, is seen from 36 7 s to 70’s quality, the only exception being in tops of 50’s to 56’s. Fine crossbreds don’t seem to be wanted like coarse qualities, but the weight offering is not excessive. Considerable strength is manifest by all holders, and those who recentty sold forward at 7id and 8d for 40’s tops are “donned up” splendidly. On the one hand they have cheap top 6 to deliver, and ou the other..much dearer wool to make them from, so between the two they are not feeling so very comfortable. There continues to" bo a diversity of opinion expressed respecting the permanence of to-day’s rates, but nobody now talks of a return to the 'low prices of three weeks ago. On 'all hands .there is considerable curiosity expressed respecting the heavy carry forward at the close of the current series of sales, but there is no doubt that the poliev of London brokers restricting supplies has been tho best from 4

•trade and grower’s .standpoint. Machinery does not yet got on to lull time, imd that is the weakness of the present situation. At the same time “particulars” for yarn delivery are coming in more freely, and there are signs of a soiffiiblo improvement hero. There is nothing like the depression that was expressed a month back, and it only needs both courage and confidence to see a- sensible improvement in every.department of the industry.

' March March May May 20. 30. 15. 27. Description.' d. d. d. d. Gsy. B crsbd. 10 81 81 102 „. c „ or 81 '8-1 10 „ C „ 0 8 0 9 >, . C Si 7i 71 7 „ 10 „ 7§ . 62 71 8 „ l' 1 ., 7-i 61 •01 7 f - 0i 6 0-1 „ D „ — 6i ■ k* 7 ,, 1st ,j pcs. 51 51 5 7 ,, 2nd ,, ,, 4i " li 43 5 ,, 1st ,, lmbs 81 81 7-J 81 . 11 2nd ,. i \ 0} 01 Some seem to think that last Tues-