A Further Rise in Wool.

Manawatu Herald, 28 September 1895, Page 3

A Further Rise in Wool.

London, Sept. 21. The wool sales opened to-day. There; jraeta strong demand and a general jiaVance of Iff per cent. n: Sept. 25. At tO.&#g wool sales 15,107 bales w»reofered; , , . There was a good selection, and a crowded attendance. 1 ' Thejfeenest competition took place ara(|toglLßome and foreign buyers, espeflfafly for medium merino combings ana lustrous crossbrods. Compared with the July averages, medium merino combings advanced 15j»r cent. xm arrivals number 261,460 bales, and the number forwarded to manufacturing districts direct is 67,500. The number of baleß available for th« present series, including those held oVer from last series, is 2"24,---000. Sept. 26. The wool sales continue animated, and the advance in prices is fully maintained. The New Zealand Loan and Mercantile Agenoy Company (Limited) hag received the following cablegram from its London office, viz : — Wool —The aales opened at an average advance of about 15 per cent on last gale'i closing rates. The principal advance has been in crossbred descriptions. Competition by both Home and foreign buyers is active. The attendance of both Home and foreign buyers is good. The total quantity available, including wool held over from last series, is 292,000 bales, 87,000 bales of which have been forwarded to the manufacturing districts direct. Messrs Murray, Roberts and Co. have received the following wool market cablegram, dated 24tb Sept. : The sale's have opened with good competition. Prices have advanced for merino 10 to 15 per cent ; fine oiossbred advanced 10 per cent ; coarse' crossbred advanced 15 to 20 per cent. The United Favrnerc' Alliance report having received the following cable from their London agents :— Merino wools have advanced 10 to 15 per cent and crossbreds 10 to 20 per cent. Messrs Levin and Co. have ret ceived from their London agents, Messrs Delgety and Co., Limited, the following cablegram, dated 24th September : — " The wool sales opened to*day with a very large attendance of buyers. There was a fair selection of wools, and the competition was very animated. Prices are 10 to 20 per sent higher than the closing rates of last series. The demand is chiefly for greasy merino medium oombing wools and for lustrous crossb&ds; for merino fleece clothing wools the competition is irregular. English and Continental buyers are the prijß^piil^operators. American buyers wSmsurchasiOg hardly anything. Tfi^total quantity of colonial wool available is 225,000 bales."