London Wool Sales.

Horowhenua Chronicle, 28 April 1915, Page 4

London Wool Sales.

BANK Of NKAV ZEALAND'S J.i liA'Oi: J'. I.ondon, March 12. . I'ho M'conri .st-rie*. eiiiiiiiienced on the -tied nil., ami closed mi oth in.st.. having occ u p ied ion .sittings at a dailv a\ erage ol 7. iOU bales. _b torn New Zealand l.i.dG'i bales were ;i v;i iI; i Ic. and all but I*JO were submitted to auction. Ol tin: total quantity iold '>7.000 bales have been taken >»y the Home trade. ."50(10 bales on foreign account and 10,000 bales hare been bought for America. The total quantity -stiluiti tteil \va« 0.'!.0(5(1 halo*. There urts the usual large contingent- of Home trade buyers, as well as a goodly niindiei' from America rind France, anrl competition throughout ruled very keen tor ail classes o) wool. The out standing features was the operations of American buyers who made tlie pace a very hot one. They would also he keen buyers el crossnreds it they were per' milted to ship tlie.se wools, and certainly their operations are fairly extensive in regard to fine wools. The fear of the replacement of an absolute embargo at some later dale may have induced them to buy rather more freely than they otherwise would if thev wore more certain of bom,, ,d,l ( , t 0 s ],jp iu iiie iiiture. At (lie opening merinos in the grease showed an advance of lolly p,.j- { ■(*lll. compared with (!;■:> closing rates o( the previous series, and a.s the sales- pniurcsid the market under strong American -compel ition l.'ardened considerably, until at the close the improvement was generally 10 to 15 per cent. Sooureds were in ureal favour, the demand being; excellent, he.st descriptions advancing lo to 20 per cent., inferior sorts being [() per cent., better than last series. 'The very keenest demand existed for eru.s.--bred.s. and tin- fact that supplies were oiiort ol buyer-; requirements n,, douhl hail a very hi indicia! idled on values. -It tin* opening medium and coarse ipialities were about ~i to 7! per cent., dearer, but iliere was scarcely any change in hall'-breds. As tin- .sales progressed prices further im pn ivecl. and at the close line deser'p! ions mav now be quoted .) p.>i' cent ;iitd medium and coarse qualities" 10 per cent dearer than the closing rates ol lad series. Scoured [ crossbred* rose par to •"> per cent. Creasy lamh.s in small supply .sold well. , being ahout •" per cent. dearer, as much as Is V.,\ ,- 4 , average condition lois. Slipes were in j small compass, and. compared itli j •January, were the turn dearer. Ah [ though too belter market for "as la rgely the result ol .strong Aineriean competition, yel ihes,. wools also received considerable .support from Ihe ■Home 'trade. The fn-iliHes afforded tor the export oj merino wool, coupled Willi America's urgent needs. have had a market beneficial etfeel on juices, and >-o lone; as tlies,. conditions remain il noiild appear that valin+s will probably e< ntinue on a hie;!] level. The demaml lor crossbreds looks to j b' keener than cvrr. so (bat any presj p; els o| lov.ee prices in the near future j appear lo be unjikel.y. J DA IKY IMKMH.'C!'. j . i'Uttei'. - I iie depression in tile marj kcL referred to in our circular has a ■■',and during the past tort"!«'u l ' ;i " "■' ;l ' ''a! _ .-i!t|ll iiy has inijirov- : :l '' descriptions ol Kuropeau, Australian and New Zealand are now m good demand and prices have an upward tendency. Curren prices: 130s a nd 1 !2s per cwt. C hcose. -'I he Government last -week eame into the market for (10.000 cheese lor delivery during the next few weeks the result being that all the stocks of New /calami available have been cloar--2-s and Is per cwt. .New Zealand realizing up to OL's since the requirements became known. The ordinary retail trade, however, is dull, the hicch co.st chocking business. Our- <">>( prices are.- 01s and 93s per cwt. Oats. -Now Zealand virions on the j "I 1"' alv "-ertli .'(ls (id and .'ios for fair I average lt A" grades. Hoans.. Xo supplies of X,uv Zealand <ne a\ailahJe. the price beinu: purejv ,r '"' ! '"aI at los per oo| lbs. ex store. iM-ozen - ATu tlon. -The chief topic of interest in the trade during the past week lias of course been the action of the Government in taking over tlie .Dominion moat supp|j fts . tmt. jroiierally .speaking, the position remains about the .same. Trade as a whole is i epoi ted to bo lairly aooo, and compared with those quoted in our "last j fii'.ulai show lairly substantial vises, j I In l .supply of tfne'lish and Scotch mutI t " u !li,s short ot the demand, j consequently prices have further adi vanced. Dill eh ;l re also short, ! tl,l!s iloei/doir.v firmer. ■ l"inio. ■ • f]ie demand is good, and as j Ine supplies ~,1!,,,,. s ] |o| . h prices , llaVl ' firm. Small thin intnbs are .selling remarkaMv well al oig prices. Heef... There is very. little flange in th(< market, prices r>i'iiiuinirvj i Ill'lll.