LONDON WOOL SALES.

Wairarapa Age, Volume XXX, Issue 8535, 13 September 1907, Page 7

LONDON WOOL SALES.

(From Our Own Correspondent.)

LONDON, August 2. W. Weddel and Co., under date, July 26th, report:—The fourth series of colonial wool auctions, which began on the 9th inst., was brought to a close on the 24th idem, during which time the following j quantities were brought to the ham- | meiMM^us tralian, 66,275 tales; New j ZcaHf 84,961 bales; South African, 6,553 bales; South American, 20,142 bales; total, 177,931 bales, j About 65,000 bales of these were | taken bv Continental firms, fie Home ' trade accounted for 98,000 bales, j whilst the small quantity of only : 5,000 bales has been put clown to United States account. Withdrawals : were of rathsr frequent occurrence, and in all about 9,000 bales were passed in and remain over for the September series. In addition to these, 14,200 bales unoffercd wools , are carried forward. Buyers remained j in close attendance throughout the > series, and biddings for all desirable / wools were throughout marked by great keenness. The Home trade were good buyers of all medium merinos, in addition to taking a full proportion of the crossbred offerings. Values for greasy merinos ruled practically unchanged and very firm on May rates, only a few really good lines which enjoyed the advantage of American support being quotably dearer. Scoureds met a most irregular market. Good descriptions on average were about 5 per cent, cheaper,* but all faulty, burry lots proved often difficult of sale at anything from 7J per cent to a full 10 per cent, decline. Lambs, both greasy and scoured, went in buyers' favour. Greasy crossbreds opened better than had been expected anil throughout the series varied nut little, although closing rates could scarcely be considered the best. Fine grades were about steady at previous auctions' values, and medium, and coarse qualities, even allowing for an indifferent selection, finished 5 per cent. down. Lambs were most irregular, and the I seedy sorts were in many cases ljd per lh. cheaper. Scoureds, especially mixed pieces, were often 2d per lb easier. Slipes, both New Zealand and Argentine, proved a disappointing market, but closed firmer than they began, fine qualities showing about 5 per cent, drop from May, with medium and coarse grades 7£ per cent., and all secondary qualities about 10 per cent, cheaper.