Wairarapa Age MORNING DAILY. SATURDAY, MAY 6, 1911. LONDON WOOL SALES.

Wairarapa Age, Volume XXXII, Issue 10231, 6 May 1911, Page 4

Wairarapa Age MORNING DAILY. SATURDAY, MAY 6, 1911. LONDON WOOL SALES.

The second series of colonial wool sales, which were held in London in March, were characterised by a strong demand for merinos and superior crossbreds. The comments of the London Times on the sales make interesting reading to New Zealanders. The Times of March 24th. says:— "There has been strong competition for merinos, particularly West Australian, and the best in this class are selling at an advance on the prices realized in January. Bradford has .shown a decided preference for these wools, nor have the French and! German representatives, particularly the former, been far beliinid English buyers in competing for the best merinos. Scoured varieties have also sold freely, but at about tli" same prices as for the last r-rier'. Considerable interest was displayed as to what m%ht batmen to crossbreds in view of the la.rs;? supplies available, ns it was felt by many good judges thrit the prices realised for these wools might enable n prediction to be made of the pro-, bable ■course of the market for the of the current year. Happily,

which manifested itself in the de- j maud for merinos was in evidence . here., and the best half-breds have I been commanding an advance on the i prices realised in January. The strong tone for these descriptions is dargely due to the influence of German buyers, and even the medium crossbreds, ffMle not recording any advance in values, are selling well in a generally improving market, which only lacks a more aggressive i American element to make it fairly certain that there would be no easing off in quotations as the sales pro- j gress. Up to the present time the j reticent attitude of the United ' States buyers has been somewhat remarkable in comparison with the eagerness displayed by Continental representatives, who, however, cannot be made to admit that the improved position of the Continental woollen industries is at the back of their ready buying. The support which they are giving to the market extends to the South African wools, although here the demands of home buyers have been somewhat more in evidence. The present turn in. the market is the more welcome, as it took many good judges by surprise, even those who held: that th« position was stronger than appea;o.' in the surface not expecting to see their optimism so speedily justified." i