WOOL SALES.

Wairarapa Age, Volume XXXI, Issue 3054, 26 November 1908, Page 5

WOOL SALES.

OPEN BRISK AT AN ADVANCEL By Telegraph—Press Association. Received November 25, 10.55 a.m. LONDON, November 24.The wool sales opened brisk, at from 5 to 15 per cent, advance. Received November2s, 10.55 p.m. LONDON, November 25. The brokers' catalogue, consisted of 9,054 bales of a good selection of merinos and poor crossbreds. There was a large attendance, and American and Continental buyers were active. Average sorts of merinos were fully 5 per cent above the September closing rates. SYDNEY SALES. Received November 25, 10.15 a.m. SYDNEY, November 25. At the wool sales the demand was very strong at the highest point of the recent improvement. Merinos, lambs, sold to 16d; super combings, 15|d; crossbreds, 12j|d—• a record for the season. SPIRITED COMPETITION IN AUCKLAND. By Telegraph—Press Association. AUCKLAND, November 25. The Auckland wool sales opened this morning, when 4,814 bales were offered. Competition was very spirited, and very few lots were passed. Prices obtained for the wool offered by the first three firms were a decided advance nn the Wellington and Christchurch figures, and only a farthing to a halfpenny less than at the opening sales last year. Fine crossbreds sold to lid, and averaged about 7d; bellies and pieces 3d to 4d. There was very keen competition tor bright showing fleeces, but the demand for dingy wool was weak. It is estimated that the rise at today's sale is equivalent' to an increase of 3d per lb on the finer wools over the closing rates at the final sale of the season in February last. Throughout to-day's sale the bidding: was spirited for all bright and showywools, while Shropshires also sold exceptionally well, Sfd per lb being received by the Matakohß woolgrowers, Messrs Coates Bros. The only lines where competition was weak was amongst the coarse wools, but even here the increase k is l£d over the closing rates of the February sale. In addition there has been st rise ,of about a halfpenny all round over the prices realised at the Southern sales last week, and altogether the position is regarded as extremely satisfactory, and likely to have a far-reaching effect on business generally in the Auckland Province. Messrs Levin and Co., Ltd., have received the following cablagram from their London agents, the National Mortgage and Agency Company of New Zealand, Ltd., dated 24th inst."November sales have opened with a large attendance of buyers. Compared with closing rates of September sales, Merinos and fine crossbred opened at an advance of 7J per cent., medium crossbreds 10 per cent., coarse crossbreds 15 per cent., and slipe wool 10 per cent." The New Zealand Loan and Mercantile Agency Company, Ltd., have received the following, cablegram from their London office:— "Wool—Market opened strong for all sorts, compared with the last closing rates prices are about 5 per cent, to 7i per cent, high&r for merino and about 10 per cent, to 15 per cent, higher for crossbred. Bidding very active."