THE LONDON WOOL SALES. (Per Press Association.) London. November 26.

Otago Witness, Issue 1920, 4 December 1890, Page 14

THE LONDON WOOL SALES. (Per Press Association.) London. November 26.

The wool sales were opened yesterday, 11,000 bales being catalogued. There was a fair attendance, but competition was poor. Merinos averaged 7£ to 10 per cent, and crossbred 5 per cent, below the October closing rates.

The arrivals of wool up to date total 122,000 bales, of which 12,400 bales have been sent forward direct. 144,000 bales are now available for the present series.

Wool is unchanged. Faulty merinos show the greatest decline, and good scoured the least decline.

November 27. Wool is quiet. No change has yet taken place in the prices.

November 29.

The total quantity of wool catalogued up to date is 48,600 bales, of which 41,200 bales have been sold. Prices show an (? no) improvement, and rates ruling are depressed, while the bidding is unspirited.

The New Zealand Loan and Mercantile- Agenoy Company have received the following telegram from their London office, dated 25th inst. :— " The wool sales opened at an average decline of about 7} per cent, on last sales closing rates The principal decline has been in inferior and medium greasy, and inferior and medium scoured merino. Attendance of both Home and foreign buyers is normal, and competition by both is fairly active. The total quantity available, including wool held over from last series, is 158,000 bales, 12 000 bales of whiob have been forwarded to the manufacturing districts direct."

The New Zealand Loan and Mercantile Agency have received the following cable from their London office, dated 28th Insfc.:— «• Wool : The sales progress fairly well, bat there is much irregularity in the bidding. The following decline in values has taken place since close of last sales :— Greasy merino, Id per lb; scoured do, Id to l|d per lb ; fine greasy crossbred, Jd per lb ; fine scoured do, Id per lb ; coarse greasy do, id par lb ; coaree scoured, |d to Id per lb. Wools of a faulty character are neglected. The total quantity catalogued to date is 29,000 bales, oat of which 5000 bale 3 have been withdrawn."

The British and New Zealand Mortgage and Agency Company have received the following cablegram from Messrs Helmuth Schwartze and Co., dated the 25th inst. :— " Total quantity of colonial wool available, including old stock, 385,000 bales. There is less animation. As compared with closing rates of last series, prices for greasy and scoured are Id lower."

The British and New Zealand Mortgage and Agency Company (Limited) have received the following cablegram from Messrs Helmuth Sohwartze and Co., dated 26th inst:— "Since our last telegram there is no change for the bulk of wools."

Messrs Arthur M'Donald and Co. are in receipt of the following cable from their London agents, dated 28th iost. : — " Wool is Id lower. Think prices will fall further."

Messrs Dalgety and Co. have received the following cablegram from their head office, dated London, 25th inst. :— " Wool sales opened with a large attendance of buyers and a moderate selection of wools, bufc dull tone. Hardly any new clip Biverina wools offered. Prices are Bto 10 per cent. lower, the decline being chiefly in inferior and faulty qualities. Total available, including old stock, 115,000 bales."

Messrs Dalgety and Co. have received the following telegram from their head office, dated London, 28th November :— " Wool sales are a shade firmer."

Messrs Murray, Boberts, and Co. have received the following cablegram from their London house (Messrs Sandereon, Murray, and Co.), dated 25th Inst. : — " Sales have opened without animation. There is a good attendance of buyers. Prices have declined 10 per cent, for greasy merino and faulty scoured, and 5 to 7§ percent, for good scoured metino." Messrs Murray, Roberts, and Co. have received the following cablegram from their London house (Messrs Sanderson, Murray, and Co.), dated 28th November :— " For good combing merino there is a better spirit in the markets."