THE LONDON WOOL SALES.

Otago Witness, Issue 1892, 8 May 1890, Page 17

THE LONDON WOOL SALES.

(Per Fbess association.)

London, May 1. At the wool sales prices are unchanged, but the tone of the market is improving. May 4. Of 231,600 bales catalogued up to date, 200,400 have been sold.

May 5. Wool is stronger, owing to increased demand from America.

The British and New Zealand Mortgage and Agency Company (Limited) have received the following cablegrams from Messrs Helmutb Schwartze and Co., dated 3rd inst. :—" There is an increase in the animation. Prices of merino wools are rather firmer. For extra superior greasy market remains unchanged. As compared with closing rates of last series, prices for crossbreds are a |d to Id lower. About 230,000 bales have been catalogued up to date, of which about 10 per cent, has been withdrawn and 55 per cent, taken for export." Messrs Murray, Roberts, and Co. have received the following cablegram from their London house (Messrs Sanderson, Murray, and Co.), dated 2ud inst.: — "Smaller attendance of buyers. Market weaker. Considerable quantity bought in."

The New Zealand Loan and Mercantile Agency Company have received the following cablegram from their London office, dated 2nd inst. : — " Since the date of our last cablegram combing and clothing washed and scoured have declined £d per Ib. Coarse crossbred market easier ; other descriptions unchanged. There is much irregularity in the bidding. The total quantity catalogued to date is 208,000 biles, and the total quantity withdrawn is 28,000 bales."