LONDON WOOL SALES.

Gisborne Times, Volume XXXV, Issue 3827, 9 May 1913, Page 5

LONDON WOOL SALES.

MARKET STEADY AND CONFIDENT. CLOSE OF THE SERIES. [UNITED PRESS ASSOCIATION-COPYRIGHT.] (Received Alay 8, 9.15 p.m.) LONDON, Alay 8. The wool sales have closed. One hundred and forty-seven thousand bales were catalogued, and 93,000 were sold for the Home market; 45,000 for the Continent, and 1000 for the United States. The tone of the market was steady and confident throughout. All sections of buyers supported merinos, Yorkshire manufacturers being the principal operators in crossbreds, with Continental buyers supporting them towards the close. The prices for merinos generally closed on a par with Alareh dosing rates. Vasty parcels were somewhat slow. Best sorts occasionally showed a hardening tendency. New Zealand greasies showed a penny decline. Scoureds met with a strong market, especially pieces and locks, which advanced from 5 per cent to 7\ per cent. Fine greasy crossbreds sold generally at par to 5 per cent, decline. Coarser grades met with a strong demand and sold at par to a 5 per cent, advance. Slipes advanced Jd to Id. Alerino lambs fully maintained prices. Crossbred lambs, especially faulties, barely maintained values The following prices were _ realised for the fleece portions of the clips named:— Top. Average Kyeburg 12’d 10*d Ponparai lid 10£d Tho Del over Katoa fleece realised an average of Is.

MICH COMMISSIONER’S REPORT. [press ASSOCIATION TFJ.EGP.AII-] WELLINGTON. Ala v S. 'Hie Department of Agriculture has received the following cable from the High Commissioner’s office dealing with the close of the third series of won! sales, under date London. Alay ‘ '! be market has been irregular, but dosed firm and holders are confident that there will be a continuance of the high prices. Superior and medium merinos were unchanged at opening rates. Inferior were slightly lower. Fine crossbreds and medium crossbreds were virtually unchanged. Coarse crossbreds were slightly dearer Twentv-four thousand two hundred bales of New Zealand wool were held over. It is estimated that the values are as follows : —Alerinos. — Superior KHd to I3ld Aledium lid to 13d Inferior ... Btd to 101 d —Crossbreds. — Fine 13d to lod Aledium lOd to 12d Coarse ... 9td to I2d AGENTS’ REPORTS.

The N.Z. Loan and Mercantile Agency Co.. Ltd.. have received* the following cable from_tbeir London Office, under date Alay < : "One hundred and thirty-eight-thousand bales of wool were so.d at the wool sales; 45,000 bales for the Continent; 1.000 bales for America: sales closed strong: 49.000 bales he>d over. As compared with lest sales closing rates prices are about- par. iO o per cent, higher for scoured merino inferior, coarse crossbred slipe, and medium crossbred slipe; about par At 5 per cent, lower for greasy merino inferior, fine greasy crossbred. and medium greasy crossbred. I ollowing are average current London values ot the undernoted descriptions of New Zealand greasy wool: Alerino —Good ltd: medium loci: inferior 101 d. Crossbred.—Fine 13d, medium 11Gb coarse (40’s) lid. coarse (3Vs) 10’d-