LONDON WOOL SALES.

Wairarapa Age, Volume XXXII, Issue 9550, 23 July 1909, Page 7

LONDON WOOL SALES.

Abraham and Williams, Ltd., have received the following cable from London, under Tuesday's date: —"The sales have closed with prices for ordinary crossbreds rather irregular, but Americans are buying super crossbreds very freely. Frospects for next series are favourable. The total quantity held over is 1(5,000 bales, of which 10,000 are New Zealand " The New Zealand Loan and Mercantile Agency Company, Ltd., has received the following cablegram from their London house, under Tuesday's date .---"London wool sales. — The sales closed firmly, and with good competition to-day, America operating freely. During the series 134,000 bales have been sold, of which 52,000 were taken for the Continent, and 9,000 for America, 16,000 bales being held over. As compared with last sales' closing rates, prices are about par to 5 per cent, lower for crossbred lambs, medium greasy crossbred and fine crossbred slipe; about 7 to 10 per cent, lower for coarse and medium slipe, and shabby and wasty coarse \ crossbreds; an about the same for fine crossbred and lambs." Dalgety and Co., Ltd., report having received the following cable message from their London house, under date 20th instant:—"Wool sales closed firm. As compared with closing rates of latest series, greasy merino wools of good quality and condition, crossbred wools (greasy) of fine quality, and greasy crossbred wools, medium quality, light conditioned, free or nearly free, are all unchanged; scoured merino and fine crossbreds are 5 per cent., lower, except short faulty merino wools (scoured), which are 5 per cent, to 10 per cent, lower; greasy merino wools, heavy, earthy, and wasty, are 5 per cent, lower; crossbred wools of medium quality, and coarse crossbred wools, long, light, and bright descriptions, are 5 per cent lower; scoured crossbred wools, medium and coarse quality, and greasy crossbred wools, coarse, dingy, and co'.ted, are 5 per cent to 10 per cent lower. The total net quantity available (including 10,000 bales not offered In previous series) amounted to 152,000 bales. Nine thousand b,-ileß were sold to America, 75,000 ' ales for Home consumption, and 52,000 to thd Continent, leaving 16,000 bales to be carrieJ lorsvard to September series.