LONDON WOOL SALES.

Otago Daily Times, Issue 7980, 19 September 1887, Page 2

LONDON WOOL SALES.

[By Kleotkio TELEGHArn.—CoptniGnT.I

(Eeutbr's Telegkams.") London, September 17, (Itccei7ed September 19, »t 1.15 a m.)

At tho wool auctions yesterday 11,400 bales were offered. The demand was better. At to-day's sales Hi,ooo wcro submitted, when the tone of the market was firm.

(Special to Phess Association.) London, September 17.

(Heceived September 19, at 1.15 a.m.)

At the wool sales prices were irregular. Crossbreds and good to superior merinos, especially greasy, were very firm. Medium scoured and greasy were id, and inferior and faulty sorts Id below the closing rates in July. Tho strongest demand was for tlie Home trade. German buyers were reserved, while those from Franco bought freely in grades that suited their requirements. There was an absence of support from America. li;t<,ijin.i biiies wuie catalogued, of which nearly 14,000 were withdrawn.

THE IMPERIAL PARLIA-

MENT PROROGUED.

[By Electkio Telegraph.—CopymoHT.]

(Reuteu's Telegrams.)

London, September 16.

(Iteceived September 18, at 10.20 a m.)

Parliament was prorogued to-day by lloyal Commission. Tlie Speech from the Throne, which was read by the Lord Chancellor, states that tho relations with foreign powers are friendly. Mention is made of the settlement of the Afghan frontier question, and a hope is expressed that tho settlement will conduce to lasting and dnrable peace in Asia. The pacification of Upper Burmah is fully completed. The Egyptian Convention still remains unsatisfied, but England's obligations to the ruler and people of Egypt will continue to be carried out without change. Tho presence of British forces had secured the blessings of quietude, and had supported the Khedive in liis efforts to promote good government. The Speech announces the appointment of a commission for the settlement of tho Canadian fisheries question, and refers to the ratification of the Anglo-Chinese treaty. The Speech mentions with singular satisfaction the assemblage of the first conference of representatives from the colonies, whoso debates were directed to many matters of deep practical interest to their respective communities, all of which were conducted in a spirit of hearty co-operation, which would strengthen the affections of, and tend to bind together tho various parts of tho empire. The grave depression of trade is alluded to, which, however, is stated to beat present less severe, except in the farming interest. Her Majesty trusts that tho remedies provided for the wants and troubles of Ireland will gradually completely restore order and encourage peaceful industry in that country. Reference is made to other measures passed by Parliament, and the Speech concludes by stating that her Majesty i.s deeply touched by the expressions of fervent loyalty of her subjects throughout the empire on the occa.-ion of her jubilee, and trusts she may bo spared to continue her reign over her loving, faithful, and united people.