THE LONDON WOOL SALES.

Otago Witness, Issue 1751, 13 June 1885, Page 15

THE LONDON WOOL SALES.

Tho New Zealand Loan and Mercantile Agency" Company (Limited) havo received tho following tele» gram, dated June 4, from their London office : — " Wool : 'J he sal s opened aft the level of last eales on tha 4th, except medium aid inferior greasy.'for which the market wa=i easier. Coa'EO cr.-«sbr>-d has advanced ne&'ly £d to l'l par Ib. Crossbred is in demand, but merino is rather neglected. Hcme bu' era are purchainer fredy. Tne snleg comprise about 320,000 b lea, of which 34,000 ba'es have been sent to the manufacturing di tiiov" direct."

Me3Br< Janies Morrison and Co.'s tel-ff'aphia wool! ci cular of June 4 received by Me s r s N'eill Brothers, iB as fi'Howa :— ' The third series of the Colonial wool sales comrnonred this oveninir, with a large attendance of both Home and foreign buyers The series has o-ened with no mateiial chanire in prices from tho previous one, and the biddines for crossbred wools only were ver.v an'ma'ted. The total quanti'iv of wool available for this terie9 amounts to Blo<>oobiles3, of which 25.0C0 ba og are from the Cape, and the balance from the Australian Col nies."

The British and New Zealand Mortgage and Agency Compiny have receive the fnllov.insr «oil relegram from Mat srs Helmii'h Schwar'ze and Co., dated London, 4tb intfc ; - " The selei opered ■with fair attendance of bath Homo and foreign buyers. C^mp-tltion is fairly animated Frees for m-rino wools are scarcely maintained. Cro-sbred Jd higher. Total a> a Kble including old stocks of Colonial wool, is 865.000 hale 3."

The National Mortgage and Agency Company of New Z^aUnd (Wanted) have received <he following advices re the London wool sales :— "Tho wool ealea opened on a* par with latt gale 1 ) closing rates, and crossbreds rf all descriptions now sho.v an advance of J'l per )b, while all lvi ds ol me;ino wools have declined about 10 per cent."