THE WOOL SALES.

Otago Daily Times, Issue 9389, 31 March 1892, Page 2

THE WOOL SALES.

("By Electric Telegraph.—Copyright. _ (Per Press Association.)

London, March 29. (Heceived March 30, at 1.50 p.m.) At the opening of the wool sales to-day 12,300 bales were catalogued. There was a good attendance and fair competition. Merinos underwent a decline of 5 per cent. Good crossbreds remained unchanged, but inferior sorts were slightly in buyers' favour. (Beceived iUarch 30, at 8.40 p.m.) The number of bales of wool arrived to date is 116,000. French buyers are active, but others are quiet. Merinos and crossbreds are _\d per lb lower. The following cablegrams have been received by private firms: — New Zealand Loan and Mercantile Agency Company.—" Merino : The sales opened at an average decline of about 5 per cent, on last sales' closing rates. Crossbred: The sales opened this day at prices ruling in buyers' favour. Attendance of both Home and foreign buyers is good and competition fairly active. The total quantity available, including wooi held over from last series, is 440,000 bales 84,000 bales of which have been forwarded to the manufacturing districts direct." Messrs Dalgety and Co.—"Wool sales opened with moderate selection of wool catalogued. Large number of buyers and competition fairly animated. Total available, including old stocks, 355,000 bales. Compared with closing rates of last series, there is no decline for prime crossbreds, but coarse aud medium crossbreds are easier, while merinos in general are 4 to 6 per cent, lower." The National Mortgage and Agency Company.—" Merino: Wool sales opened at an average decline of 5 per cent, on closing rates of last series. Crossbred ■ Sales on a par with last sales' closing rates." Messrs Murray, Roberts, and Co.—"Sales opened with good attendance of buyers. Compared with closing rates of last London sales, merino has declined 5 to 7£ per cent., and crossbreds have declined a shade."

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