OPENING OF LONDON WOOL SALES.

Daily Telegraph (Napier), Issue 4935, 9 June 1887, Page 3

OPENING OF LONDON WOOL SALES.

The following cablegram from Messrs Dalgety and Co., limited, has been received by Mr M. R. Miller, dated London, Tuesday : —<< Wool —moderate selection. Usual number of buyers. Competition fairly animated. Merino greasy scarcely maintained last quotations. Crossbred, coarse, shows a decline of £d to Id. Crossbred, fine and medium, shows a decline of -Jd.

The New Zealand Loan and Mercantile Agency Company have received the following oable message from their London office, dated the 7th inst:—"The wool sales opened to-day scarcely at the level of last 3ales. Crossbred has declined \i to Id per lb. The attendance of both Home and foreign buyers is good. Competition by both Home and foreign buyers is fairly active. The opening catalogue contained 10,000 bales. The sales oomprise about 300,000 bales and 33,000 bales have been sent to the manufacturing. districts direct. The tallow: market has a hardening tendency. Good mutton is worth 23s per cwt and good beef 21s Gd per cwt.

[rEUTERS TELEGRAMS —COPYRIGHT.]

London. June 7,

The third of this year's series of colonial wool auctions commenced to-day before a good attendance of Home and foreign buyers. The opening catalogue comprised 10,100 bales, for which a fair demand was manifested. Prices for low qualities of merino wool and for fine erossbreds ruled a half-penny lower than the closing rates of the March-April series. Coarse erossbreds sold a half-penny to a penny lower than last sale's closing rates. The series will close on the 21st of July.

PRESS ASSOCIATION SPECIALS.— COPYRIGHT.]

London, June 7. Messrs Jacomb, Son, and Co., and Messrs Balmo and Co., report that at the wool sales t6-day ten thousand bales were catalogued, nearly half of which was from New Zealand. There was a full attendance, and bidding was animated. Merino sorts are fiye per cent., and erossbreds from five to ten per cent., lower than the prices realised at the last series. The decline is mainly in the lower, grades. - ,

Simply informing you ol the truth. Ladies can obtamirom Mrs Hope a .well-, made fashionable costume at a short notice and at a moderate cost.. Neal and' Close offer, good value in seasonable dress mttteyials, with trimmings to match,,' fa '#*::>:'; ;> -" '. '.'-'/' '.'.'..- : '.V-'