THE WOOL SALES,

Evening Star, Issue 14688, 4 October 1911, Page 4

THE WOOL SALES,

The Bank of New Zealand has received the following advices regarding the present series of Ijondon-colouial wool sales in London : —"Current prices for North Island fanners’ Jots : Coarse cross-bred, thirty-sixes to forties quality, average condition, BJrd to 9d per lb; medium crossbreds, forty-fours to forty-sixes quality, average condition, 9d to per lb ; line cross-breds, fifties quality, average condition, 10>Jd to per lb. Current prices for South Island farmers’ lots, Canterbury style: Inferior merino, common, sixty to sixty-fours quality, 9d to 9id per lb ; superior-” merino, snper, sixty to sixty-four’s quality, 12fd to 13id per lb; half or quartcr-brodi fifty-sixes quality, average condition, 10£ d to per lb. The New Zealand Loan and Mercantile Agency Company are in receipt of the following cable advice from their London office regarding the progress of the fifth series of wool sales:—As compared, with last, sales’ closing rates, prices are about the same for greasy merino super and greasy cross-bred lambs; about par to 5 per.cent, lower for greasy merino, medium, and coarse greasy cross-bred ; about 5 per cent, lower for lambs, fine cross-bred, coarse scoured cross-bred, cross-bred slipe, greasy merino, inferior and scoured merino super'; about 5 per cent, to 7£ per cent, lower for scoured merino medium, medium cross-bred, and scoured merino inferior. The sales progress firmly, but there _is some irregularity in the biddmc. America is not operating.