THE GOLDEN FLEECE.

Taranaki Daily News, Volume LII, Issue 256, 4 December 1909, Page 2

THE GOLDEN FLEECE.

LONDON SALES. By Cable—Press Association —Copyright Received 3, 8.30 p.m. Lon3on, December 3. At the wool sales 102,01)0 bales were catalogued, 45,i>00 being sold for the I Home market, 45,500 lor the continent, | I 15,000 for the United States end 300 held over. There was a large attendance till the closing, with strong Yors* J I shire competition. Compared with the * September sales, all crossbreds advauc* i rl- mil. Ureasy merinos were n-1 ther irregular. The best wools lacked 1 American support and closed 5 per cent. Sind faulties 1% per cent, down, ant there was strong competition at thenc levels. GooTl scoured merinos were -/-, A above the September rates. Lambs' . was 10 per cent, dearer. [ At Bradford wool is dull and unchanged.

SUCCESSFUL WELLINGTON SALE. By Telegraph—Pres9 Association. Wellington, Last Night. The second of the 1009*10 series of Wellington wool sales held to-day was not* only the most important Decein'icr sale yet held Cut was a very satisfactory ' clearance of the wools offer.'-). Unlike the November sale the Ame'icvan competition did not dominate the position, nmTfor the very good rea.ion that there was not the same selection for the requirements of the trade, !t was essentially a Bradford tops day. Cc edition for condition the prices were quite equal to those ruling at Napbr. As was anticipated there was keen competition for the lower grade wools, and taking condition into account these wore dearer than at the November auctions. The best price of the sale was 13% d f.ir light conditioned half-bred, while a v.!''y light conditioned Roinney line went lip to 13'/ 4 d, an advance of %d on the bjst prico of the November sale. In one or two catalogues a good percentage of the lines was passed in, owing to growers' ideas of value being above the true market basis. Farmers had hot only made the common mistake of supposing that because a certain crossbred topped a previous market thcir's should about do the same, but had overlooked the fact that with the warmer weather the wool was much heavier in condition than in November generally. The prices ruling last December and in November and December of this year were—Best halfbred, December, 1003, 9%d to 12d, November, 1909,12 dto 13% d. Medium halfhred, 7%d to B%d, 12d to 13'/id, lid to 12d. Super crossbred. 9y»d to 10% d, HVad to 12% d, 12d to 13'/ld. Medium crossbred, 7d to B'/i'i, B'/;,d to 10% d, 9%d to 10V 2 d. Conv«e I crossbred, o%d to VA&, 7d to fl'/ 2 d, Sd to lOd. Inferior crossbred, Si'/Sid to OV,d, fi%d to Sd, 7d to B'/ 2 d. Bellies and pieces, 3d to 7d, 4d to r''V'. to BV4jd. The actual price® realised cannot be accurately compared with those ruling at this time last year, without allowance boinir made for the remarkably ligfit coufflTon of this season's clip.