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THE WOOL SALES.

ADVANCE IN PRICES. Pan leess AssooiAfiow—Copyright,} LONDON, September 28, The fifth series of colonial wool sales was opened to-day. The market was firm; prices showing a general advance. September 29. Messrs Balme and Buxton offered 8,861 bales of medium selection wools. The attendance was largo, including some American buyers. Competition for all classes was keen, prices ruling fully 5 per cent, above the closing rates obtained at the July series, with the exception of low cross-breds, which remain unchanged. Home and Continental buyers operated freely.

The arrivals to date total 217,000 hales, of which 47,000 have been forwarded direct to consumers, while 170,000 bales are available for the sales.

Messrs J. H. Kirk and Co. have a cablegram which says “ The public sales establish a rise of 5 per cent.” The New Zealand Loan and • Mercantile Agency Company, Limited, have received the following cable from their London office:—“ Wool: The sales opened at an average advance of 5 per cent, on last sales’ closing rates. The principal Advance has been in scoured merino. Competition by both Home and foreign buyers” is active, and attendance is good. The total quantity available, including wool held dver from last series, is 217,000 bales, 47,000 bales of which have been forwarded to the manufacturing districts direct.”

The National Mortgage and Agency Company are in receipt of the following cable from their London office dated London, 27th iost. Merino wool: All descriptions show advance of 8 per cent, on last sales’ closing rates. Cross-bred wool: All descriptions firm, with hardening tendency.”

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/ESD18970930.2.18

Bibliographic details

THE WOOL SALES., Issue 10433, 30 September 1897

Word Count
259

THE WOOL SALES. Issue 10433, 30 September 1897

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