LONDON WOOL SALES.

Wairarapa Age, Volume XXX, Issue 9003, 13 December 1907, Page 3

LONDON WOOL SALES.

Messrs Dalgety and Co., Ltd., have received the following cable message from their London House, unuer date of the 10th inst.: —WooJ sales closed irregular. Prices are scarcely maintained, and are, on the average, lower as follows: Greasy super wools top lots, 5 per cent.; good and medium merino wools, 10 to 15 per cent: inferior and faulty wools, 15 to 20 per cent; fine crossbred wools. .15 per cent. Out of the net quan- £ tity available for sale, some 55,000 bales have been sold for Home consumption, 56,000 bales for the Continent, 2,000 bales for America, leaving 14.000 bales to be carried forward to the next series. Mes&rs Levin and Cc., Ltd, have received the following cable from their London agents, the National ' Mortgage and Agency Co., of N:w Zealand, Ltd., dated London, December 10th, 1907:—The wool sales have closed at a decline of 5 per cent on the opening rates for Merino iand Crossbred wools generally. Buyers are operating vei'y sparingly, and the market continues very depressed owing to financial and industrial troubles. The carry over to next sale of New Zealand wools is three thousand three hundred bales.

(Special to Age.) WELLINGTON, December 12. The High Commissioner cables from London, under date 11th December :—The wool sales have closed, and. the market is irregular and unsettled on account of the money market being exceedingly stringent. Buyers •will not buy more than is absolutely necessary, and competition is slight. The estimated values are as follow: —Fine crossbreds, all grades, Is to Is 3d; medium crossbreds, all grades, 9d to 11^d; coarse crossbreds, all grades, 8d to 10 Jd; superior merinos, all grades, Is to Is 3d; medium merino, all grades, lOtd (o Is OJd; inferior merino, all grades, 7d to lOd.