LONDON WOOL SALES.

Auckland Star, Volume XLI, Issue 70, 23 March 1910, Page 4

LONDON WOOL SALES.

SATISFACTORY RESULTS. SOUTH AFRICAN COMPETCTTIO^. (By Telegraph.—Press Association.} :-■•'■■ WELLINGTON", this day. f The Minister for Industries and Com-, inerce has received the following report > dated February 4. by the Produce ■ Cam-"; • inissioner, London, on. the first series of j ■wool sales, which were held from ,Tana-■ J ary IS to February 4:—"Thronghirai: i the sales there has been keen compete' j tion for all lots offered. . Buyers from America- and from the Continent hkct bid against Home manufacturers * for .all f i lots in any way suitable for their i> | quirements." The latter have good orfei on hand- as stocks of wool held by are of short compass, having been, drawl upon in course of manufacture. '. ' I*rt.~s i through the sale have been firmly maintained. There was no accumulation of ;• stock, nor is there likely to "be, , especially as. owing to the dry season : experienced there, a shortage is expected in, the shipment of wool from the-Brrer| Plate this season. The position of wool is distinctly favourable. The classes .for ■which there had been the greatest centpetition during the present ' sales *">" heavy, medium, and coarse 'crossbred especially the latter. This has been caused by Continents' buyers reqnbmj these chiefly, and • therefore entering more keenly into competition with" Bri- s tish manufacturers for them than for other ela-=*»s. The ' American bare" j prefer bidding for lighter wools. ft; One ! noticeable festure ofth? present sales !is the great improvement found Jα. tt* I quality and set-up of the woolsiron j South" Africa. It is evident r that'4jfe| j attention that is now being given_therti to imDrovement of the flocks by juSa? ,l3 breeding with a view to entering M the frozen meat trade is beginning '•» 1 tell. Care is apparently also now beffli ' given fo wool classing, so that it -sOiM seera as if in a few years Kew Zeiltfl may have to reckon ur>on new creased competition from the Sot© African colonies. There Have been-: , considerable number of South Afrit* l clips offered during the present series of wool sales that have 'shown tW marked improvement, in quality M£ jret-u-o. and buyers have been coraffißK , in<i favourably upon them." .J.: V.