LONDON WOOL SALES.

Dominion, Volume 4, Issue 1178, 13 July 1911, Page 8

LONDON WOOL SALES.

JULY SERIES OVEN. By Telegraph—Press Association—Copymhfc London, July 11. The July series of tfool sales opened today. There was brisk competition, but nrices ruled at a dcclinc of from pnr to 7A nor cent, from -lie closing rates of last sales. Tho Commerce and Tourists Division Uic Department of Agriculture lias received the following cablegram from the Tligh Commissioner for Now Zealand, dated London, July 11 rftt.irrlir.R t.bn owning "f 'lio fourth furies of the colonial wool sa-los:— "The wool sales have commenced. Prices arc nt on nvcraco of lialf-rmnny nil round. The market is weaker. largely on account of the strike, which resulted { n stock accumulating. • Prospects arc fnv- , nurable if t*er« are no' many lot® withdrawn: liMf't/' bal Ma n? V*w Zealand wool nro a v aihblo." Tho estimated values of Now . Zealand wool.* nt the close of tho ■♦bird series wool salnc, hf»M in T-nndon on M*iy 25. worn as fallow Superior moHi»o, 'rt. If-. 7 d. no r lb.r medium. UVI. to ttW. ; inferior. Gd. to 91:1.; fine oroes. H*d. lo If. M.: medium 9d. to lid.: comv B'<l, t.o IM. The Pank of Xow Zealand has received the following cablegrain from its London office, dated July 11:—"The sales have opened with strong competition, and large attendance of buyers. The market i.« weaker for all kinds of crossbred*. Prices nro lowei', par to 5 per rent. The merinos offered are not considered reprepentativp. Tno ♦.ofat net ouantity »>f Zealand wool available is iCC.COfi bale.*.

Messrs. Dalgety and Company, Ltd.. Wellington, have received tho following cablepram:—"Wool ?ale3 havo opoued. The nt. tendanct of buyers is large and compete

lion fairly animated. The .'•election comprices nearly all Fine qualities c.re lower hy par to 5 pvr rent., medium qualities lower by 5 per cent., and coarse qualities par to b pev cent, lowoi. /lorinus are unchanged."

• Mcsi-rs. Abraham and vrillfnm*, Ltd.. have received tho following, under dmc.London July 11:—"'[he Hales have opened with a good attendance of buyers, competition being middling. As compared with tho opening rates of last series, merino show no clinugc. Fine, medium, and crossbred.? from par to 5 per,cent, down."

The New Zealand Loan and Mercantile Asenc.v Company. Limited. have received t tic following cablegram from their London house.—The attendance of buyer.! is good, and competition is fairly brisk. As compared with la.it sale's closing rates, price? arc lower hy about par to 5 per cent, for greasy and scoured cro.vbrcd. fine and coarse crossbred slipc. and greasy merino super. Prices are about the same for crossbred lambs and merino. Since last sales, prices for crossbred medium slipc arc lower hy id. to Id. Messrs. Murray, Kobcrts, and Co. have received the followine cablegram from their London correspondents, Messrs. Sanderson, Murray, and Co."Tho sales have opened with a good attendance of buyers, competition bcinp fair. Crossbred creasy coarso show a. decline of par to 5 per cent., while other description of crossbred have declined 5 per cent. The, selection offered, both of crossbred and merino, l.i poor, and in the case of the latter cot sufficient to test the market." Jlessrj. Levin and Co.. Ltd., have ic- ■ ceived the followine cable message from London"Wool sales opened. Prices are ruling from par to 5 per c«nt. down. Scoured and slipes are mostly affected. There is only a. poor selection offering." Tho United Farmers' Co-operative Association, Ltd.. have received the following advice:—"The fourth series of wool sales opened to-day, and were well attended by Home, Continental, and American buyers. Fine crossbreds sold at par to 5 per cent, decline, medium crossbrcd 5 per cent, decline, and coarse crossbred par to 5 ncr cent, decline, as compared with closing rates of previous sale." I j j I !