WOOL SALES

Otago Daily Times, Issue 14283, 4 August 1908, Page 5

WOOL SALES

■»■■,'■ ~-. Press Association—By Telegraph-Copyright. LONDON, August 2. The total quantity of wool catalogued to date k 201,583 bales, of which "the : following wen; sold:—Home buyers, 95,000 bales; Continent, 75,500 bales; Aimdcan, 13,000 bales; held over, 88,000 ■bales. The recent weaker demand led to a relapse, and closing prices were mostly identical with May dosing rales, the only exceptions being medium to goo<l morinos. Scoured greasy was 7£ per cent, dearer than May, fine-greasy crossbrods declined 5 per cent,, and scoured were Id cheaper, The following were the average prices reali.-od for the fleece portions, of tlio «lips hahied-.—Mangaohone, 7,U1 !■ Tehoa, I.o'd, (Pkr Umteo ' Press Association.) WELLINGTON, August 3. Tho High Commissioner cabled as follows under dale August, 1:— "Tlio salcG closed on August 1. Americans are buying and shipping suitoblo parcels freely, and tho demand is likely lo continue. At present the quotations following are the estimates of values. Superior merinos, lOid to Is; medium meri- ' noes, 8d to lOd; inferior morinocs, to 7£d; '■ fine erossbreds, all grades, lOd to Is; ' medium erossbreds, nil grades, Bd to ]0d; ■ coarse crossbred.?, all grades, s}d to BJd. Messrs Dalgety and Co. (Ltd.) report having received the following; cablegram from their head office, dated London, August ,l:-"Wool rales closed, values fairly maintained. Super merino wools , prices are oli a par with last series' elos- j "iff rales, Hood o.ml medium greasy merino are on an avefago 8 per cent, higher. Inferior groasry merino wools, 5 per cent, higher; scoured good and medium merino at par to 5 per cent, higher; , short, faulty scoured merino wools un- j changed; firio crossbred wools at par to , 5 per cent, higher; good bright greasy ' medium crossbred wools, when bought for America, 10 per cent, higher. Other ; greasy medium and coarse crossbred wools o per cent, higher; scoured medium and J coarse orossbrcd wools unchanged, 'Out of the not quantity available for sale, some 102.000 bales have been sold for ' Homo cdnsmnplion, 76,000 bales for the ! Continent, 10,000 for America, leaving ' 88,000 bake to bo carried forward to tho ' next series, of which 80,000 lravo not boon : offered, ' The New Zealand Loan and Mercantile Agency Company is in receipt of tho fol- j lowing cable advice from its Loudon office, ' regarding the closing of the fourth series ' of wool sales:—"As compared witfli last, solos closing rato, prices are about liar to ' 5 per cent, higher for coaiso crossbred, scoured merino medium, medium orossbrcd, i coaree crossbred slipe, and medium crossbred plipe. Lower about par lo 5 per cent, far fine crossbred; about the same for scoured merino super; about 5 per cent, lower for scoured merino and faulty woo!; , abfjut 5 per cent to 7i p-or cent, hifrhor for greasy medium merino- 80.000 bales are held over. Sales closed firmly."