LONDON WOOL SALES.

Dominion, Volume 3, Issue 762, 10 March 1910, Page 10

LONDON WOOL SALES.

! CCEOBSBEEDS.-..EASIEE..' ';'.,..'.'-. By Telecraph—Press Association—Copyrisht. . •• ,f HaWfi'B. - 1 The .^b'bl'"''sales'opened■ brisk. Merinos are slightly dearer 'and cross- : breds slightly easier.•DEPRECIATION IN CROSSBREDS. (Rec. March 9, 10 p.m.) London, March 9. At the wool sales 7698 bales were. offered, including £725 from New Zealand. There was a large "attendance, Continental and Home buyers operating strongly. ■ Americans reserved their competition -to merinos, which were from par to 5 per cent, dearer, while crossbreds were •from par to 5 per cent, cheaper, the best 'Showing the:depreciation most..,; ~, '■ ;.':■■ !'fBRqp»S;'''PiIITATE"CAft/ES;- ' :!^U J. --The-New, Zealand Loan -and Mercantile Agency." Company,. Limited, have .received !. the following cablegram from their Lon- |, don house','-under date March'B:—"At the . opening iof the second 'series of sales to- [ day there-was a ;fulj attendance,'compe- ['■ titioh: .by Home "and Continental buyers being active. The V opening, -catalogues • were fairly representative. As compared i with last sales' closing rates, prices are about the same for fine and medium ! crossbreds, about par to 5 per cent, lower for : coarse crossbreds, and ' about 5 per J. cent, higher for greasy merino. America

is buying suitable lots of crossbreds." : , Messrs., Murray, Roberts, and., Co. . hava received the following wool market cable, gram from their London agents, dated March B:—"The sales have opened firm; with good attendance of buyers and brisk .competition. The market shows .-no material change, except for the best ■ descriptions ,of greasy merino, • which show par to 5' per tfent. advance, and coarse to medium crossbred, which has declined a shade.". . . . ' : . Messrs. Levin and Co. have received ,from ■ their London house'-the report of the-wool sales in London:— "Merinos opened with an upward- tendency; fine crossbreds unchanged; coar3e and medium irregular, villi a downward tendency." • • '. ; Messrs. Abraham : and ■ Williams, "■ Ltd., have received tho following cablegram from their London agents;—"The-market ha 6 opened with little: alteration, attendance being large and competition, active; Americans absent. Fine 'and medium crossbred unchanged,.'market fair; coarse 2J per cent; down, quiet;- merino, 2J per cent, up,' firm." . ' ■ .- \ .■iThe Bank' , of New Zealand has received the following cable: from its London branch, dated March, B;—"The sales have opened.with strong competition arid a large attendance of.buyers. The market is strong for all kinds of merino. The demand- is active. Current' prices for ■ South Island farmers' lots, in average condition —Coarse crossbred, 36-40'e Quality, 10id. to lid;;, medium crossbred,, 44-46's quality, 12Jd. to Is. Id.: fine crossbred, 50's quality, Is. lid. to Iβ. 2d." . ■ . . , The United Farmers' Co-operative Association, Ltd., have received the following cablegram from their London agents, under date March B:—"The secoud series, of wool, sales opened to-day/ and were well attended by Home, Continental, and American buyers. Fine crossbred showed no quotable change. Medium and coarse crossbred sold from par to 5 per cent, advance as compared with closing rates ol' previous sale." Messrs. Dalgcty and Company, Limited, report having. received the following cable message from thoir London house,, under date March 8:—Wool: "The. March, sales opened with a large attendance of buyers, animated competition, and a fair selection. For merinos generally prices arc at par to 5 per cent, advance. Fine crosebreds are unchanged, but medium and coeu'eo crosEbred3 show a decline of from par to 5 per cent." ■ ': HIGH COMMISSIONER'S ItEPORT. ' Tho Commerce Division of tho Department of Agriculture has received the following cablegram from the High Commissioner, London, dated March 8 . 1910:"Tho.'wool 6ales commenced to-day with an active demand. Merinos.and fine and medium crossbreds aro selling at- fully last sales , ' prices. Coarse crossbreds are slightly lower. Trado is good, and likely to continue so. Prospects aro favourable." -i- ■ ' ■-' '"■ ■ '