WOOL ON THE RISE.

Wairarapa Age, Volume XXXI, Issue 9140, 16 July 1908, Page 5

WOOL ON THE RISE.

GOOD NEWS FROM LONDON

The shadow of the golden .fleece, New Zealand's principal export, is being lifted, and the man on the land, and the man in the city, too, are to be,;,comforted. Yesterday mcrning Mr JJ. Beauchamp, chairman of directors of the Bank of New Zealand, received the following •eahie message, through the batik from London:— ; "The wool sales have opened with strong competition, and a large attendance of buyers. There is an active demand by all branches'of the trade. Prices are id to id per pound higher. Coarse crossbreds, 36's to 40's, average condition, 62dto7d; medium crossbreds, 44's to 46's, 7£dto72rf; fine crossbreds, 50's, 9d to 9Jd. The market is strong for super-merinos." Mr Beauchamp say? that the news is all the more satisfactory in view of the fact that large quantities of New Zealand wool were held back for the July sales. "It looks as if the Americans.arid Germans are coming forward again," he commenced. A similar message was received by Messrs Abraham and Williams, Ltd., yesterday morning. ,A cablegram received by Messrs Dalgety and Co. states that "prices are, on the average, 5 per cent, higher than the closing rates of last aeries, scoured merino wools, inferior and faulty descriptions excepted, but any change in price is in favour of sellers." Messages received by the Uniterl Farmers' Co-operative Association and' Messrs Levin and Co. give similar information to that mentioned above. uy TEr.Kon.vi'ir —i';;n pkess association Received July 15, 12.17 p.m. LONDON, July 14. There was a very large attendance at the wool sales. Everything yaa about 5 per cent, dearer. Received July 15, 9.30 p.m. LONDON, July 15. The Balime Company, Buxton Ronald Company and Dueroz Company, submitted catalogues totalling 9,458 bale*) of colonial wools, including 4,902 from New Zealand. Bidding was animated. Merinos generally are five per cent, higher, crossbreds five to seven and a-half per cent, higher, medium showing the greatest appreciation. All sections, including Americans, operated freely.