WOOL SALES

Otago Daily Times, Issue 14381, 26 November 1908, Page 7

WOOL SALES

Press Association—By Telegraph-Copyright, ■ LONDON, November 24. . The wool sales o)h>iic<l briskly at from 5 to 15 per cent, advance on last sales' rates. November 25. (Received Nov. 25, at 10.55 p.m.) The brokers' catalogues comprise 9054 bales. There was a good selection of memnos, but crossbreds were. poor. There was a large attendance, and American and Continental buyers were active, but Yorkshire buyers were reserved. Average sorts of merinos were fully 5' percent, above the .September closing .rates for sorts suitable for America and 10 per mil. for lop-making sorts. Crossings brought 10 per cent, more than last closing rates for sorts suitable for America SYDNEY, November'2s. At the wool salps yesterday the demand was very strong at the highest point of .the recent improvement. Merinos and lambs sold up to I6d, super, combing at 15Jd, and crossbreds at 12jjd— a record for the season. AUCKLAND SALES. (Per Unitko Ppss AssocuTrox.) _ AUCKLAND, November 25. The prices realised at; the opening wool sales of the season to-day were buoyant beyond even tho most sanguine anticipations. There was a good number of buyers present, representing the English, American, and Continental firms, and the local firms were also represented. Competition was vory keen, and the demand was particularly good for bright, ehowy fleeces and fine crossbreds, tho Auckland' Woollen Company being a considerable buyer in these lines. The dingy and shabby lines wore not in very much request, and it was m this direction that prices suffered most, wool lacking in brightness, failing tc bring moro than about s]d, compared with an average of 7sd. La St year lid was tho top price received for fine crossbred, and while a good many lots brought within the region of M-froro 7Jd to BJd scorned to bo about tho average. Bellies and pieces, when well got up, also met with a good demand, and the coarser wools only mot with a weak demand. It is interesting to note that fair prices wcro realised for lots oeanng the brawl of the broad arrow, llicse were consignments from tho Government experimental farm at Ruakura,' and he Southdowns .reached 7R the Loieestors 7d, and the crossbreds 7d per lb It is estimated that tho rise at tho sales is equivalent to an increase of 3d per lb on tho finer.wools over tho closing rates i l ™ sale of tho soason m February J«t Throughout to-day's sale the biddmg was spirited for all bright and showy wools, while Sh.ropshires also sold ■'exceptionally well, B|d per lb being received -ny the ■Matakohe woolgrowers, Messrs Uolm Bros. The only lines where competition was weak was amongst the coarse wool; but even hero the increase is id over the closing, rates of tho February sale. I ni addition, there has been a rise of about a halfpenny all round ovor "the prices realised at the southern sales last' week and altogether tho position is regarded as extremely satisfactory and lilccly to havp a far-reaching effect on business genorally in tho Auckland province. TLMAEU SALES. (Ps* Ukwkb Pmss Associatiox) . TIMAftTJ, November 25/ At tho first wool salo of tho season 3752 bales wore offered, mostly well-grown, good-conditioned wool, but some of it was heavy in grease. Clean, light, well-got-up lots were, keenly competed tor, and very few lots were passed in. About 80 per cent was bought for shipment, The range of prices was:— Halfbrcd super,-9Jd to jlOJd; medium, 8d to 9jd; inferior, 7d to od; threequarter-bred supor, Bc* to Md; ~medium,.tfjd, to 8d; orossbred super, 8d to 9i«; .medium and inferior, sid to 8d; merino (very little offering), first combing, 9jd; pieces and bellies, 7}d; Leicester, 53d to 9£d; Roniney, 6Jd to 7£d: - ,

Messrs and Co. (Ltd.) report having received, tho following cable from the head office dated London, November 2+:—"The attendance of btiyew is largo, and competition very animated. Tho selection is fair. Greasy merinos, showed a 7£ per cent, advance as compared with lasMseries closing rates, scoured merinos 5 to 1 4 pet cent., and groasji crossbreds 10 to 15 per cent. In scoured crossbreds the prices are 10 'to. IS per cent. hij;her." The Neiv Zealand' Loan and Mercantile Agonoy Company (Ltd.) are in receipt of the following; cable advice from their London office regarding tho\opening of the sixth series riL wool sales on the 2tth inst:—"The market opened stronjr for all sorts of wool. As compared with last sale's closing rates, prices aro 5 per cent, higher for merino, and 10 per cent, to 15 per bent, for crossbred. The bidding was •very active."