LONDON WOOL SALES.

Press, Volume L, Issue 15015, 9 July 1914, Page 8

LONDON WOOL SALES.

LONDON, July 7. The wool sales have opened. Thero are very few merinos, but a good selection of crossbreds. Prices are from par t<. 7* per cent, in advance of last rates. (Received July Bth, 9.20 p.m.) LONDON. JuLr 8. At the sales 8403 bales were offered, including 7782 bales of New Zealand wool. There was a large attendance. Fine crossbreds were 5 to 7$ per cent, higher than April closing rates; me-, ilium par to 5 per cent, higher; and poorer sorts on a par. iSlipes, medium, and low sorts wero Id lower. Americans operated freely for fine and medium crossbreds. It is expected that merinos v.ill show a 5 per cent, advance. i >MnA jtiiifTA\t Tntrveixt AM \

(ntESS ASSOCIATION TELEGRAM.) WELLINGTON, July 8. The Department of Agriculture has received the following cablegram from the High Commissioner, dated London, .July 7th, regarding the opening of the fourth series of colonial wool sales:— "Tho wool sales have commenced witU a large attendance of buyers. There is a good demand for all classes, especially fine wools, which are in small supply. Americans are bidding freely, and trade is good on the Continent, but the Home trade is quiet. Merinos, fine crosebreds, all grades, average id higher; medium and coarse crossbreds, all grades, are firm at last quotations. One hundred and seven thousand bales of New Zealand wool have been catalogued." Messrs A. H. Tumbull and Co. received a cablegram yesterday from Messrs Weddel and Co. reporting on tho opening of the present series of wool sales as follows: —"Fine crossbred wools have gone up 5 per cent; others unchanged. Merinos, nothing offering." Tho following cablegram has been received by Dalgety and Company, Limited, from their London office, dated July 7th:—"Wool sales opened. I Tho attendance of buyers is large and competition animated. Poor selection. As comnared with last sale's closing rates greasy fino quality crossbred wools are 5 per cent, to 7$ per cent, higher. Greasy medium- quality crossbred wools par to 5 per cent, higher. Greasy coarse crossbred wools are unchanged, except shabby coaree crossbreds, prices for which are rather lower. There" is practically nothing offering of merino wools." The Bank of New Zealand has received the following cablegram from its London office:—"The sales have opened with moderate competition, and large attendance of buyers'. Thero is a good demand for fine , " merino wool. Total nefc quantity of New Zealand wool available, H0.,000 bales. Prices are easier for coaree crossbreds. The market is strong for medium crossbreds. Prices are unchanged. The market is also strong for fine breeds. Prices are 5 per cent, to 7 per cent, higher." The National Mortgage and Agency Co. of New Zealand, Ltd., are in receipt of the following cable advice from their. London office:—"Crossbreds, fine, opened at an advance of 7} per cent, on last sale's closing rates; best medium, slightly dearer; other descriptions unchanged. Merinos: Very small offerings. Large attendance of buyers." The New Zealand Farmers' Co-opera-tive Association, Chflstchurch, has received the following cablegram from its London office, difsd July 7th:—"Wool sales opened and prices,- as compared wit.*, closing rates of last series, are: Merino and fin»_ crossbred, G per cent, to 7$ per cent, higher; medium and coarse crossbred, par. Good competition." The New Zealand Loan and Mercantile Agency Co., Ltd..advise having received a cablegram from London, giving the undernoted market information :—" London Wool Sales: There was a full attendance at the opening of the sales to-day, competition by Home, Continental, . and American buyers being active. catalogues | were not representative. Very little merino wool offering. As compared with last sale's closing rates, prices are about, 5 per cent, higher for fine crossj bred and merino, and about par to o Eer cent, higher for coarse greasy crossred. Market firm for coarse crossbred."