LONDON WOOL SALES

Dominion, Volume 9, Issue 2766, 9 May 1916, Page 8

LONDON WOOL SALES

HIGH COHSIISSIOXEit'S REPORT. •• £ The'Departinerit of Agriculture; Industries • oiid .Commarce has received tho following cablegram from the' Ilifjli Commissioner for 'New- Zealand,. dated London,' May 5, to the London .wool Eales:— ii .. The,.wool' sales' closed with a brisk deiirnd,'a strong market, and favourable prospects.' The. high prices are very likely to continue. The slight decline at the opening sales was only temporary. Tho eetimated.-, values now are:—Superior merino, Is." Bd.: ,to la. 10d.; medium merino, is. 4d. 16. , : 7<L; inferior merino, Is. Id. to Is. 3d.; ; ftne- : orossbreds, all grades, Is. 9d. to Is. 102 d.; medium crossbreds, all grades, is; . 6a.-.to Is. Bd.; "coarse ' crossbreds, all 4d. to.ls. 6d. 4600 bales of New •Zealand .tvool were .held oyer." of.New Zealand has received ftlie following cablegram from the London ! office, - dated May 6:—"Wool sales closed [firm cmnpared with March closing. Fine icrossbreds, uncbangod; medium crossbrcds, is to 75 per cent: dearer; coarse orossbreds, (O to 71 per cent, dearer; supetior merinos, [7J per;cent, dearer;-inferior merinos, ab fcper, cent. dearer; crossbreds, coarse 17Jd, to |18d. per; lb., medium 18id. to 19d. lb., fine Sold; to 21d. lb.; merinos, inferior, 15d.' lb fgjerioif.aoid. to 21d. lb.; halfbrcd, 21d. 'tp (" Messrs. Dalgety and Co.. Ltd., beg to ad-j-nse having received the following cable- | gram from their London-office, under date ■Hay: sThe sales,- have closed very firm. JAs: compared with,-closing rates.'for March'

series, superior Bcourod merinos , ore 6 per cent, good scoured merinos 71 per cent., and inferior 6coured merinos 10 per cent, dearer. Good greasy- merinos ! are 10 per cent., whilst merino top makers aro 16 to 20 per cent, dearer. Fine greasy crossbreds are 5 per cent., medium to 7i per cent., coarse greasy crossbreds 71 per cent., and shabby, greasy crossbreds 7j to 10 per cent, dearer. 32,000 bales were purchased for 'the Home trade, and ROO for the Continent. Nothing was purchased for America; 7000 bales have been carried forward, of which 6OCO bales were not offered. Tho Now Zealand Loan end .Mercantile Agency Company, Ltd., have received tho following cablegram from London, dated May s:—"Xjondon wool sales closed firm. As compared with MarcU 17. merino superior and lambs 5 per cent., medium inferior 15 por cont., and crossbred 5 per cent, to 7* per cont. higher. Greasy lambs unchanged." Messrs. Murray, Roberts and Company, Ltd., have received the following cablegram from) London, dated May s:—"Sales jelosed firm. Seven thousand bales hold over."