LONDON WOOL SALES.

Otago Witness, Issue 2894, 1 September 1909, Page 8

LONDON WOOL SALES.

(Fhom Oub Special Cobbespondent.) . LONDON, July 16. GOOD DEMAND FOR COMBING WOODS AT UNCHANGED KATES. The past week has been marked by increased activity in Coleman street, and the sales are making first-class progress. The extremely high rates which were current in May axe not- being repeated, simply because, while Americs is buying actively, buyers from that quarter are acting with more discrimination, and although operations are being conducted on a considerable scale, stili the fancy prices of last series no longer obtain.. It would have been an entirely pew development if we had seen a repetition of the great doings which were then experienced, and, 6ucb an experience seldom occurs twice in su^ceasion. At the same time America is operating on a fairly extensive scale, and its buyers are takingpractically all the lightest-conditioned parcels of medium and fine- crossbrede. A tew odd lots of merinos are going to the United States, but on the whole' there Is nothing whatever great' beinj? done m fine, wools. • • j ,- The "Continental trade is active; and supporting very t well merino wools. Both i'ranee' afad Germany are giving excellent support to fine-hatred parcels, and--. Queensland "new clip"' is doing very well. -One .cannot but notice that the clips already submitted are an improvement on last season, ■ the wools being better grown and in lighter condition. The APCo clips are to hand sooner than ever, and in one or two cases a month's extra growth would have been a distinct advantage. As regards condition, there certainly i s an improvement, and to find Marrarioa clips yielding from 45 to 50 per cent, is indeed a welcome feature. The old Milo clip grown i- the NorthWest corner of Warrego will oe larger this season than ever. If anything i-t is a shade finer than last 'year, sound, and well grown. The Oakwood clip .was" nice quality, but distinctly on., the short side. Noorindoo, grown near Surat, showed good combing characteristics, was in good average condition, and sold very freely indeed. All the Queensland wools snowed up better than last season, and there is every appearance of 'the bulk being useful raw material. One misses this series all the well-known clips belonging to the Fairburn Pastoral Company, which were sold in Brisbane early in June. The Milo wools made in average lid per lb more than they did when they were offered the" first time last year-, and in some cases 2d. The APCo wools as a rule in past years have been catalogued oVurijjg the October series, and it will be remembered that in 1907 high-water mark was reached during that series, it proving to be a very bad time for buyers, the mpnth after seeing the beginning oi the. memorable siump. Quite a surprise was felt last week, when 13d was made for the first lot- of the Doagdi. clip, and in * the tabla below we show what,'this clip",ha® made the first time offered during the last three seasons. The particulars go to illustrate', in a'forcible way what rapid changes come over the wool situation in the short space rOf.JT Juonths:— ■

* These were for wether hoggets, no "ewe hoggets being offered. . Crossbreds still move on a par with the opening 6ale, all the best wools selling on a level with last .series, but shabby, heavy, unskirrcd, cotty wools are not doing so "well, these being id down. Scoured skin wools ateo are not- selling within id- to Id of May prices. Slipes are very plentiful, and these are still moving id beiow last series. Taking all" things into consideration, the catalogues are being oleared very freely, and wool sells even better than many people expected. In fact, there h much to inspire confidence, for all sections of the trade are operating on a most liberal *oale, and anything at all good sells as well as ever. Sold by Messrs H. Schwartee and Co., July 7:— T' over WS:" Greasy—4 bales first combing lOd, 37 half bred, first 13|d, ~18 do lHd. ,17 do second lid, 19 do first 12Jd. 7 do 12£, 10 do second lid, 6 do Sj'd, 5 do Bd, . 8 do first pieces lid, 11 do 9id, 19 do second do BJd, 29 do B£d» 4 do bellies 6&d, 4 scoured * combing 19d. 3 do pieces 17ftd, 8 do halfbred 17Jd, 4 do three-quarterbred 12d. 5 halfbred » pieces 15Jd, 3 do 15d, 3 da third do lljd. 3do HHd, 6do locks lid. Crosabreds had been badly handled. OnW averageSold b\ Messrs Willans and Overbury, July B:—Craigieburn: Greasy—s bales first combing W Hid, 35 do B HJd, 85- second do lOfcd. 31 clothing B lujd, 21 first 9J<fc 25 do pieces 9Jd. 6 bellies Bd, 11 halfbred 13Jd; scoured—3 super combing AAA 21Jd, 9 do 20|d, 12 do A 20d, 4 second do 20d, 7 super pieces 20d, 7 do 18d, 13 locks 15|d, 7 super halfbred 18i<3, 6 do 17Jd, 2 first do pieces 14id. Grcenhills over Bin heart: G^eaay —=28 firat combing halfbred l4jd. 21 do 13d. 28 do 13Jd, 18 teoond do lOd, 15 do 9*d. 10 combing three-quarterbred lOd, 9 first pieces, halfbred 9Jd. 8 do 7Jd, 4 locks do 53d. JSWA: Greasy—l 4 first combing halfbxed 14d, 6 first do thre«-quarterbred 10Jd, 13 do E 13d. 4 do lOd. 7 second do lOd, 5 first do crossbred lOJd, 25 do lOd, S6 second do 9d, 4 third do Bid, 16 first three-quarterbred do.Bd, 7 B do withdrawn, 6 second crossbred do 6id, 7 do s|d. Sold by Messrs Jacomb, -Son, and Go., July 9:—Two hearts over St. Helena: ■ Scoured—ls bales A combing. H 21 d, 16 do ' 20d, 8 B do H 20d, 8 do withdrawn, 6 clothing H 20d, 23 do withdrawn, 4 S fleece 19jd, 7 do l&Jd/ 5 A double fleece 19Jd, MA pieoes 20d, 6do 20d. 26.d0 19* d, 26 bellies withdrawn, U S pieces 18d, 12 do y164d,y164d, 6 necks 18Jd, 14 .StS t pieces" withdrawn, 14 aid pieces lfijd, 23 locks 16Jd, 13 A combing, quarterbred 19jd» 33 A combing grease *1«L S$ do B do lOJd, 16 do 10d, 6 clothing 9Jd, 21 quaiterbred combing 13id. 8 over Beaumont: Grease—l# super combing 1343, 18 first do 12Jd, 6 do 12d, 13 second do 13d, 18 do lid, 6 H do ll|d, 15 do lid, 5 do lOJd, 3 do lid, 12 clothing 12d, 11 do lid, 14 first pieces Hid, 11 Second do lid. 10 third do BJd, 8 do lOJd, 10 do sd, 10 bellie3 9d 7 12 locks s}d, 7 quarteibred

combing 13$ d, 8 second halfbred do 14d, 9 do combing lljd. Sold by Messrs Thomas and Cook, July 12:— St. Eilda: Greasy— 24 bales super halfbred 14* d, 69 do crossbred 14£ d, 100 do three-quartcrbred 13i<l, 63 do Leicester 12d, 63 do Hid, 7 fine crossbred lOJd, 43 do 9d. Ruakituri: Greasy — 50 crossbred Bd, 30 do Bid, 8 do lid, 71 Lincoln 7Jd, 35 do 7id, 25 crossbred pieces 5Jd, 22 do lambs lid, 9 do withdrawn, 3 second do sd. Sold by Messrs Dv Croz, Doxat, and 00-, July 13: — Upcot: Grease — 6 bales AA ex sup combing lOd, 6 A combing lOd, 51 do 9|d, 63 8 do withdrawn, 10 first clothing 9id, 44 do Bd, 8 do Bd, 13 DP 7Jd, 15 first pieces 9£d, 20 belly do 6|d,, 14 second do 6Jd,- 6 S do 4|d, 17 locks 41d, 11 halfbred combing 10d. Sold by Messrs Charles Balm* and Co., July 13: — JB ov«r R: Grease— ll first comb,ing 12Jd, 14 do 12d, 6 first clothing lljd, 8 do Hid, 14 do pieces lid, 19 first halfbred combing 14d, 33 do 14£ d, 29 do 13d, 11 second do 14d, 13 do 12§d, 4 first do clothing 122 d, 3 do lOd, 4 first crossbred combing 13id. 17 do 13d r 5 do 12d, 4 second do lOii, 6do 10id. D over MB over 'Montalto: Grease— l 2 halfbred combing 14Jd, "38 do 13d, 12 first thiee-quarterbred do 13Jd, 24 do 13Jd, 8 do lOJd. 12 first crossbred do Hid, 7 second do Bid, « nalfbred do Bd, 15 first do pieces 12d, 5 first three-quarter-bred do lOdi, 10 ' do 9d. . PRICES ABOUT STEADY. Conditions in Bradford do not reveal a great deal of change, the market as a whole being somewhat undecided. - Users are watching the course ol events in London very minutely, and are manifesting not the least desire to operate.- - Everybody acknowledges that the price of wool in Coleman Street is above Bradford, but nobody discerns anything to cause any uneasiness. We are now fast approaching the time of the year when,; in the natural order of things, new v business is scarce, and with 'spinners being well covered there ;s; s little ■desire on their part to buy afresh. \ .Generally speaking, values are unchanged, though a few topmakers are wanting £d more than before the 6ales opened. Good 56' s are very firm at 22d, and "even 50's have slightly hardened, and are well worth 18£ d. Average 46's tops remain steady at 15d for prepared sorts, and carded a penny less. The demand is not at all healthy, but topmakers are ' fairlj well employed executing old orders Consumption v very well maintained 0)1 all sides, commission wcolcombers still being" fully employed, and the same can be said for spinners. As far as one can see machinery is going 'to be kept going at full stretch through the whole autumn, and users seem ac if they are going from hand to mouth. Thei*e continues to be some fair quantities shipped abroad, but even then very little impression ;s; s made upon prices* Spinners will not listen to any higher quotations as regards merinos, and super 60's can still be readily bought at 26id, and 64's at 27d to 274 d. Plenty ' maintain, that wool cannot be bought in Coleman Street to produce good spinning topsat the above figure, and the news from Sydney tha>t good 64's wool could be bought in that -market at 26id came as a. surprise to users here. If .that is * so, then Sydney;- ' prices are lower than London, a fact which has been- well proved during the past six. 'months. Moharr is somewhat quieter, but, prices are unchanged. Spinners are busy, But not disposed to buy further. Manufacturers are fairly' welt employed, but ther* i is not a great deal doing ac yet for next ! spring, except the getting out of new designs. There is still a feeling that dress goods largely composed of merino yarns will be taken up, although a few more Cheviot fabrics are selling for next winter's ■trade.

APG* over DOOKDI. •Oct., Oct., July 190?. 1908. 1909. d. d. d. Greasy A comb, ewe hoggets *18| 9£ 13 ' „ j» „ \V. " hoggets 13£ 9-9i-10 12 „ 1 „ ewes .. .. *13 9J 12 . „ A „ wethers . 13 9J Hi „ B „ ewe hoggets *13 8j 11- ' „ B „ W. hoggets 13 8J Hi „ a „ ewes . \ .i —' 9 11 " „ B „ wethers 13 9 10J „ broken hoggets ..12 8 10 „ bellies hoggets .11 7 9-9J