LONDON WOOL SALES.

Bush Advocate, Volume XXI, Issue 96, 21 October 1908, Page 5

LONDON WOOL SALES.

Press Assn— By telegraph — Copyright. LONDON, yesterday. At the wool sales the brisk general competition was maintained till the close of the sales, the \Americans bidding keenly. The quantity sold for the Home market was 106,500 bales, for the Continent 102.000 bales, for America 9000 bales. The number of bales held over was 37,000. Compared with the July sales greasy merinos generally were unchanged. Good parcels were occasionally 5 per cent, higher. Scoured merinos were 10 per cent, lower, fine crossbreds par to 5 per cent, higher,- medium coarse par to 5 per cent, lower, slips (scour 7 ed) Id lower, lambs unchanged. [press association.] WELLINGTON, to-day. A cable from the High Commissioner, dated London, 20th October, states that the wool sales closed with a brisk demand at present quotations. Supplies well cleared, and prospects are rather more encouraging. There is a good demand in America, and on the Continent. It is estimated that values of superior merino are lOJd to ■ Is o£d; medium merino, 8d to lOd; ■ inferior merino,"; 6d to 7£d ; fine crossbreds, all grades, 10£ dto Is o£d ; medium crossbreds, all grades, Bel to 10id; coarse crossbreds, all grades, o|d to B|d.

-^ -' ■ ■••■■. - Dalgety and Co., Ltd., havo received the following . cable from 'their London office: — "The wool sales closed firm. As compared with closing rates of -last series, greasy merino combing, medium quality, prices are at par to 5 per; cent, higher; greasy fine quality crossbred wools ' are par to 5 per ceht. higher; greasy merino wools good quality and \ condition are unchanged; I',1 ', greasy inferior merino wools are lower by par to 5 per cent. ; scoured merino wools are lower 5 to 10 per cent. ; greasy crossbred wools, medium and . coarse quality, are lower, par to 5 per cent. ; scoured crossbred wools are lower 10 per cent. ; slipe wools are lower 5 to 7\ per cent. The total net quantity available amounted to 257,000 bales ; sold to America, 8000 bales; sold for Home consumption, 109,000 bales; sold to the Continent, 102,000 bales; not offered, 20,000 bales-; carried forward, 38,000 bales."