LONDON WOOL SALES.

Dominion, Volume 1, Issue 252, 17 July 1908, Page 10

LONDON WOOL SALES.

GOOD BUYING AT VERY FIRM RATES. (from oub special correspondent.) jLondon, May 29, 1908. The' past week: iii • Coleman Street has been a very activo ono| ,aiiil .real good business has beon done. Tho tono has kept up, competition has beon keen. and -woll sustained, and the , series are finishing to-night in a far different way to what the last series did. Perhaps the most satisfactory feature in : connection with the sittings Has been a return of Continental buying on a fairly liberal scale.' The first week neither Franco nor Germany did much, but this last week the latter especially has operated on a very extonsive scale, and both in merinos and erossbreds .some very good lines havo beon taken. One could not . help but notice the strong competition of tho . foreign soction for; merinos, and this has. undoubtedly holped to improve matters considerably; During the week there hare been very - many speculators' wools offered, and whon sold those havo naturally -- 6hown heavy losses. At timos owners would .not submit to the prices offered, but it doos not look as if they will do much bettor ' by carrying over thoir wools. Competition has not . been so very keen for tho shabby, wasty Bcourods,- though this last three nights those have moved moro froely at tho prices bid; What is selling best is good combing wools in the-grease, and anything light is benefiting considerably by American competition. Anything favoured by the Yankees'means Id: to 2d. per lb. rise over last series, and iu this particular thero is a sharp lino of demarcation between those wools which aro not good, enough for America. There is a good inquiry for fine grease from Gi's to 70's, aud surprise has often' been expressed' that tho shafty Adelaides— mostly.-imports—which : liavo been offered, have riot--sold .better. For 'real; tip-top parcels belonging to somo-of the 1 "crack" clips of South Australia no more than-10d. has beon bid for > wools yielding 54 per cent.,'and 9Jd. has moro frequently been paid, Fipo, clean scoureds continue very- roasonablo, and some excellent clips' with colour and-condition porfeet, have • not made more than. Is. 9d., and several a penny , less. Withdrawals have beon comparatively few;, and T ani certain that tho; serios are jdrawing to a-finish with tho tono distinctly hotter and the feoling 1 more hopeful' regarding, tho future. THE IMPROVEMENT hf. CROSSBREDS.' ' Crossbreds have continued all, through the weok. to make the .best prices of tlio sorios, and Bradford has taken thorn .with '■undiminished vigour*, mother sections havo , also ." como into tho'market, tho result being that ■ prices aro sensibly , better , than at the opining. Perhaps there is no' hotter known ' clip than Titi, grown,-1 believe, in tho Hawke's Bay District of New Zealand. It is of'splendid-character,' shafty; good length,, nice .40 s to 4G's quality, and'always well prepared for market. So far this season it has been offered four times, and. below I show what the' wool has realised oach time it has been submitted. Two days ago there was sbine American competition for/ the B and. C erossbreds, and this undoubtedly holped things nicely, but it also serves to show , the improvement: that 'has .taken' place:—

Somo soem to think that last Tuesday erossbreds generally showed a slight easing tendency to tho extent of Jd. per lb., but on Wednesday and, again last night everything sold as well as over, and to-day, whon tho series finish; I am certain that everything, will move off at tho highest point. ,-"i : Sold by Messrs. H. Schwartze and, Co., May 25.—Mai.—Greasy: 2 Ist, Gjd.; 4 2nd do,, 6Jd.; 8 rd do., 61d.; 2 do. cotted, 51d.: Sold by Messrs. Willans and Overbury, same day: Crossbred titirangi: Greasy: 9 half bred 9d. ; 4d0., B}d.j 10 B do., Bid.; 13 do., 7Jd.; 5 A crossbred, 7}d.; 18 do., do., CJd.; 16 do., do., 53d.; 8 B do), Gjd.; 29 do., do., Gjd.; 23 do., do., Gd.; 15 C do., 6d.; 8 do., do., 5Jd.;.17 D do., Gd.; 3 half-bred bellies; 5d,; 5 crossbrod pieces, 5d.; 7 do., do., 4d. : ; 5 B d 0.,, do., 4d.; G do., bellies, 4id-J 4 do., do., 3Jd. Only an average clip. Very seedy and rather short. 60's quality. j. . Sold by Messrs. Thomas and Cook, May 26:— W.M.K. Hilton:—Greasy: 3 half-hred, lOd.; 7 B. crossbred, Bjd.; 10 do., do., 9Jd.; 29 do.,' do., 9Jd.;" 45 do.; do.;. 9d.; 17 C do., 7d.; |20 do., do., 7Jd.; 9 do., 6}d.; 14 Ist do., pieces, 6d.; 7 B do., do., 51d.; 5 A do., lambs, 7Jd.; 9 do., 1 do., 6jd.; sera.'6 Ist crossbred com., 913.; 3 B do., do., 9}d.; 4 do., locks, 71d. j, HIGHER PRICES AND MORE BUSINESS. ■ BraJford this'last fortnight has been looking upon London in a very significant way, and !we see the effects of this,in prices being"advanced all round for ovcry commodity. There has been. a'good'amount of; buying both of tops 'and' yarns, .but hot such as fully, to endorso 'the.'strong lead of-Coleman Street. However, •it nias»been'"Buffi6ient --to i see considerable pur'chases made,which has given great strength' to ' prjees! .Generally speaking, a rise of. 2)a.i'jper. Ib.'is- seen-from -36 sto 70's quality, the qnly ' exception' being in, tops of 50 s to 56's. Fine ■ crossbred? don't seom to hi wanted like coirse qualities;' but the weighfc. offering is not | excessive. . Considerable strength is manifest: by all holders'/and those who recently'sold forward : ;at ,7;Jd. and Bd. for 40's tops are "donned Tip" Splendidly. Oh the ono hand they have cheap : 'tops;to deliver, and on the othor much dearer . to make them from, so between the [two : they are not feeling so very comforttble. .' There continues to bo a diversity of opinioii expressed respecting the permanence of to-day's rato's, but' nobody; now.talks of, a return to tho low prices of threp weeke .ago.' On ; all hands there is considerable "curiosity expressed respecting the heavy carry forward at tho closo of the current'serios of sales, 'but'.there is no doubt , that tho policy of London brokers restricting supplies lias boon 'the best from a trade and grower's standpoint. Machinery doos not yet got on to full timo, and that is tho weakness of tho present situatioh. At tho'same time "particulars" for yarn delivery aro(coming in moro freely,' and thore aro signs'of a ; sensibio improvement there. Thoro is nothing i liko tho depression that was expressed a month back, and it only needs both courago and con- ■ fiden'ce to sco a sensibio improvement in l every department of the industry. Mohair has 1 participated in the movement in wool, and cohsidorI able purchases havo been made at low tallies. ~ The cheapness of Cape firsts should stimulate a demand for mohair yarns, but no doibt the • Continent wants to . feel its feot moref firmly : before it embarks on a policy of placnfe lareo, ] varn orders. A spell of hno. weather would ' do much to strengthen the piece end of the 1 industry, and the concessions which lJanufac'- - turers are willing to make cannot- tat ultijnately bring out more piece , ordau.

TOT. ' ■ • Miif. Mnr. May Maj^ • 20 • 30 15 27 Description.', d. d. d. d. Greasy B crossbred 10 84 81 10J ' „ . C V ..... '91 8J ' 84 ,■ 10 ■ „ C ' „ 9 8 9 9 \ „ C „ ■... 81 71 74" _ i 7 » E , 7} G| 7} 8 ■ „ F, „ 7i .61 61 7. „ F - -6J G 61 „■ D, .... •- 61 5J . 7 ■ ■ 1st erossbrodpieces 51 51 5 ' 7' „ 2nd crossbred picces 41 4J 5 „ 1st crossbred lambs 84 8J 74 81. „ 2nd erossbrcd lambs 71 7 ' 6J • ; 61