LONDON WOOL SALES

Evening Star, Issue 15479, 29 April 1914, Page 8

LONDON WOOL SALES

Press Association—By Telegraph—Copyright. LONDON, April 28. (Received April 29, at 11.25 a.m.) The wool sales opened firm at par to ( per cent, advance. There is a good selea tion of cro.ss-breds but few merinos. HIGH COMMISSIONER’S REPORT. [Per Untied Press Association.] WELLINGTON, April 29. The High Commissioner’s market report dated London, April 28, says:—The wool sales have commenced. There is a large attendance, including American representatives. Competition is strong for merinos. Fine cross-hretls, all grades, average from par to dearer, while medium coarse cross- bred.= of all grades are very firm at closing rates at last sales. One hundred, and thii-L » T '■ Tr-vyc d wool have been catalogue/. The National Mongag© and Agency Company of New Zealand, Ltd., ane this morning in receipt of the following cablegram from their London office:—Merinos and fine crose-breds opened at an advance of 6 per cent, on last sale’s closing rates. Ther was a large a! tendance of buyers. Medium and coarse cross-breds opened firm on a par with last sale’s closing rates. Bidding was keen.” The New Zealand Loan and Mercantile Agencv Company are in receipt of a cable bearing yesterday’s date, which says; There "was a full attendance at the opening of the sales to-day, competition by Home, Continental, and American buyers being active, and prices, as compared with close of preeding series, ruled par up to 5 per cent, higher for merino and prime cross-bred wool ; market firm for other wool. The opening catalogue® were fairly representative.