WOOL SALES.

Otago Daily Times, Issue 14213, 14 May 1908, Page 7

WOOL SALES.

Press Association.—By Telegrapli.—Copyright. LONDON, May 12. The wool sales opened brisk, but showed from 5 to 10 per cent, decline. May 13. (Received May 14, at 0.42 a.m.) Messrs Buxton, Batme, and Co. and Jacombs joint catalogue comprised 6887 bales of a fair selection. The lot included 3785 bales of New Zealand wool. Bidding was animated at the opening, being better than was expected. There was a record attendance. Compared ivith the April closing rates crossbreds all round showed a, decline of 10 per cent. Merinos were very irregular. Choicest declined 4 per eent., and others averaged about 10 per cent.

Messrs Dalgcty and Co. report I naving I'fiMivtd the following cable from I . dated London, May 12: — Wool sales opened with a fair selection, .there was a large attendance of buyers, ana competition was animated. Good merino wools wore 5 to 10 per cent, lower than closing rates of last, series. Inferior! and faulty wools 10 to 15 per cent, lower: tine crossbred wools 10 per cent, lower: medium and cwse crossbred wools 10 to 12s per ecnt. lower. | file New Zealand Loan and Mercantile Agency Company is in receipt of the following cable advice from its London oflice regarding the oponing of the third series of wool sales on the 12t.h inst.:—"As compared with In6t sales' closing rates prices aro 10 per cent, lower for fine crossbred and merino; about 12g per cent, lower for medium and coarse crossbred. Active competition for crossbred,"