CLOSE OF THE LONDON WOOL SALES.

Otago Daily Times, Issue 7926, 18 July 1887, Page 2

CLOSE OF THE LONDON WOOL SALES.

[By Electric Telegraph.—Copyright.] (Sphcial to Press Association.) London, July 14. (Received July 16, at 5 p.m.) The wool sales closed to-day; 349,500 bales were offered during the series, and 30,000 have been reserved. The opening decline in prices was entirely recovered, but the advance on line quality wools has been partially lost. All descriptions are about on a par with tiie April closing sale rates.

(Bbutbr's Telegrams.)

London, July IG. (Received July IS, at 12.65 a.m.)

Wool is quiet but steady. The arrivals to date for next auctions amount to 200,000 bales.

The- New Zealand Loan and Mercantile Agency Company (Limited) have received the following telegram from their London office, dated 14th iust.:—" The sales closed to-day at the level of last; sales, with the exception of superior greasy and flue crossbred—which have advanced nearly id per lb—and medium and

inferior greasy. Faulty scoured and washed have declined nearly hi per lb. The total quantity sold during" past sales is 320,000 bales-—134,000 have been sent to the Continent; 10,000 taken for America; 35,000 held over for future disposal."

The British and New Zealand Mortgage and Agency Company have received the following wool telegram from Messrs Helmuth Schwartze and Company, dated London, 14th inst.:— "The sales closed fairly animated without further change. Prices are on a par with average of last series. Taken for export, 165,000 bales; held over, 30,000 bales."

Messrs Murray, Koberts, and Co. have ieceived the following cablegram from their Lonclou house (Messrs Sanderson, Murray, and Co.), dated 14th iust.:—" Sales have closed firm, with good demand for erossbreds."