THE WOOL MARKET.

New Zealand Herald, Volume XLVI, Issue 14144, 20 August 1909, Page 7

THE WOOL MARKET.

comparison: OF prices. "As instancing the full prices paid by wool buyers at last season's wool sales in Auckland, and to set at rest the doubts of fomo of the growers that wool sold in the <■ local market does not command full prices, it is interesting'to note the passedin prices of certain lots offered locally and afterwards sold in London,"-said a gentleman interested in the wool trade, speaking to a Herald representative yesterday. "' Here is a table compiled from information obtained from wool brokers hero of No. 2 sale, January,-1909, and No. 3 sale, February, 1909. Sold in London May and July scries:—l2 bales, offered locally s|d, sold London 7d; 6 bales, 6id, 9d; 5 bales, s|d, 6!d; 6 bales, 5£d,.7d; 5 bales, 6Jd, B£d; A bales, sd. 6|d; 1 bale. sdd, 6Jd: 1 bale, sid, 6id; 2 bales, 7id.B£d; 3 bales, 6£d, 7*d; 5 6£d, B^d; 4 bales, sgd, Bd. "The freight, and/charges until sold in Loudon amount to about Id per lb," he continued, "so that it will bo seen, taking ,into' consideration the rise in the market after the Auckland 'wool sales closed, that prices offered here wero better than those ruling in London at that time.' In cases where the wool was of fine quality, in nice, light condition, suitable for America, the difference in price is accounted for by the greater advance in the market price of such wools." \