LONDON WOOL SALES

New Zealand Times, Volume XXXIII, Issue 7851, 13 July 1911, Page 7

LONDON WOOL SALES

OPENED ON TUESDAY

A DECLINE IN PRICES. By Telesrapb— Proas Association —Copyriiht LONDON, July 11. Th« July series of wool sales opened to-day. Thero was brisk competition, but prices ruled at a decline of from par to 7 a per cent, from the closing rates of last sales. OTHER ADVICES. HIGH GOATHISSIONEK'S CABI/E. Tbo Commerce Division of the Department of Agriculture has revived tLo 'allowing cablegram from the High Oomnim* sioncr tor New Zealand, anted Loudon. July llt.h, regarding the opening of the fourth series of the colonial wool sales;— “The wool sales have commenced. Prices are at an average of a. halfpenny lower all round. The market is weaker, largely on account of the strike, which resulted in stock accumulating. Prospects are favour;thle if there axe not many lota withdrawn. The quantity of New Zealand wool avail* able amounts to 104,000 bales. “The estimated values of New Zealand wools at the 'close of the third scries of colonial wool sales held in London on May 26th were as follow: “Superior merino. Is to Is 2d per lb. “Medium, lOd to ll|d. “Inferior, 8d to 91d. “Fine crossbreds, Hid to Is 2d. “Medium crossbreds, 9d to lid, “Coarse crossbreds, Bid to 10d.“ PRIVATE REPORTS.

Bank of Now Zealan-d "The sales have opened with strong- competition and large attendance of buyers. The market is weaker for all kinds of crossbreds. Prices are lower, par to 5 per cent. The merinos offered are not considered representative. The total net quantity of New Zealand wool available is 100,000 bales.” The New Zealand Loon and Mercantile Agency Co., Ltd. —“The T.ondon wool eaJcs opened on July 11th. The of buvers is good, and competition is fairly brisk. As compared with last sale’s closing rates, prices arc lower by about par to 5 per cent, for greasy and scoured crossbred. fine and coarse crossbred slipc. and greasy merino super. Prices are about same for crossbred lambs and merino. Since last sales prices for crossbred medium slip© are lower by id to Id.” Dalgety and Co., Ltd.—" Wool sales have opened. The attendance of buyers is large, and competition fairly animated. The selection comprises nearly all crossbreds. Fine qualities are lower by par to 5 per cent., medium qualities lower by 5 per cent., and coarse qualities par to 5 per cent, lower. . Merinos arc unchanged.”

Murray, Roberts and Co.—“ The sales have opened with a good attendance of buyers, •competition being fair. Crossbred greasy coarse show a decline of par to 5 per cent., while other descriptions of crossbred hate declined 5 per cent. The selection offered, both of crossbred and merino, is very poor, and in the case of the latter not sufficient to tost tho market.”

United Farmers’ Co-operative Association. Ltd.—“ Tho fourth series of wool sales opened to-day, and were well attended by Homo, Continental, and American buyers. Fine crossbred eold at par to 5 per cent, decline, medium crossbred 5 per cent, decline, and coarse crossbred par to 5 per cent, decline, as compared with closing rates of previous sale.”

Levin and 00., Ltd.—“ Wool sales opened. Prices are ruling from par to 5 pear cent, down. Scoured and -elipcs are mostly affected. There is only a poor selection offering.”

Abraham and Williams, Ltd.—“ The Bales have opened with a good attendance of buyers, competition being middling. As compared with the opening rates of last series, merinos show no change. Fine, medium, and coarse crossbreds from par to 5 per cedt- down.”