LONDON WOOL SALES.
CABLE NEWS.
[pee press association. —copteioht.]
SLIGHT REACTION AT THE CLOSE. PROSPECT HOPEFUL. (Received May 21, 5.10 p.m.) LONDON, Saturday. The wool sales closed slightly in buyers’ favour. The quantity catalogued was 185,186 bales, of which there was sold to Continental buyers 95,000, to Home buyers 85,000. The Americans did not buy. Five thousand bales were held over. The cessation of the French demand when immediate needs were satisfied caused a slight reaction last week. Merinos closed at about the opening rates, viz., 15 per cent, above March values; fine crossbreds, 20 per cent., and remained firm throughout; coarse crossbreds, 10 to 15 per cent. The market is practically hare of supplies, and the outlook for next sales is hopeful. The Duntroon clip realised 10'd per lb.
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Bibliographic details
New Zealand Times, Volume LXIX, Issue 3746, 22 May 1899, Page 6
Word Count
130LONDON WOOL SALES. New Zealand Times, Volume LXIX, Issue 3746, 22 May 1899, Page 6
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