NEW ZEALAND PRODUCE IN LONDON.

Otago Daily Times, Issue 14002, 7 September 1907, Page 14

NEW ZEALAND PRODUCE IN LONDON.

1 (Fbom Odr Own Correspondent,) LONDON, July, 20. •WOOL. Two days 9go the fourth series of colonial wool sale 3 af the current year was brought to a close. Tho first sitting took place on tho Oth inst. Altogether about IGG.OOO bales were availablo for t'he 'genes, inoluding 90,500 ilm'cu from Now Zealand, ■ which- by a long '.way headed tho list, for New-South Wales oanio next with a, total of 25,000 biles. •Jfeesrs Balmo tell mo that about 157,839. bales were catalogued (including 85,018 from .Njisw Zealand), and soma 123,000 bales were held (including 19,500 from , New Zealand). At the corresponding series of a year ago 115,G57 bales were catalogued, and 'about 39,000 bales were hold ovor. Of the quantity sold on tho present occasion C 0,003 bales; hayo been taken for export, some 6050 teles purchased for shipment' to

Atyarica. , ..... ;; Writing of, the series jiiEt terminated, Messrs Balmo and Co. eay: "No appreciable alteration' in business conditions occurred I'uuring/'Uic intcn'al betweah. tho'close of the May niid tlio.opening of tho July. Quciicns. Machinery^in the' lnanufacturing districts continued well employed on tho execution of ; old orders, but new contracts. were somewhat. difficult !o secure, while wool sujiplies proved equal to consumers' Tequiremenis, .cohsequently there was not the same cagcrJlcSs to obtain provision of the raw material which characterised tlio market during ths .eairlicr part of the season.

merinos, in the grease,.have bo!<1 . throughout at slightly' higher prices under strong English and American competition:' Short-stapled lots, as well as faulty and inferior , parcels, however, declined about G per cent. Tho better classes .of' scouredij wore also tho turn cheaper, New Zea.tand sorts, exceptionally, making fully previous rates, while valuo3 for medium descriptions wcro 5 per conl., and for sliort burry lots 10 per cent, lowor. Among greasy oxossbreds, light-conditioned' clips of fine,* medium, and coarse quality realised previous quotations. On the olhor hand, shabby, .wasting parcels, which sold' in buyers' favour to. the extent of 5 -per cent! at tlio beginning of;, tho eories, weakened as. regards tho medium and coarser growths during the auctions, priccs for theso classes ruling at the closo from 7} per cent, to 10 per cent, .below llay final prices. Scoured crossbrods andi slipes have been in largo supply, and, with the exception of tho hort combing scourcds, lmvo proved difficult of «alc at-a Teduelion of from 5 per cent, to 7J per cent, for fine, and 10 per cent, for medium and coar.°o grades, tho doprociation being greatest oil' short-stapled lots." Tiio report t-hon conctadcs: "The outlook on- the whole appears favourable. Jtanufacturers and spinners in' Englandi and on tho Continont <iro busy, wliilo tho<, supplios of raw material for the remainder of tho,season,