THE WOOL SALES.

Otago Witness, Issue 2201, 7 May 1896, Page 16

THE WOOL SALES.

A GENERAL DECLINE. London, April 28. The wool sales opened to-day with a general decline of 5 per cent. 6 „ . April 29. At the wool sales, 11,160 bales of medium selected were offered. There was a full attendance. Virtually no American buyers were present. The decline is most acute with raediunr merinos, which are receiving entire foreign support. Fine crossbreds declined fully 5 per, cent., and coarse from par to 5 per cent. 1 At the wool auctions there waa good competition, bat prices are unchanged. „ April 30. \ .Aji.the wool sales .vpry faulty sorts show a de*6lin9 of i\ per oent. s^ *' " Mayl. The wool" sales Bbow a slightly better' Bplrift ;; . . M. yß . At the wool sales a good selection was offered, but prioes were irregular, and there were many withdrawals. The total quantity catalogued ap to date is 60,600 bales, of which 52,800 have been sold. Wellington April 28. Advice kna been received that the buaue.

Silverstream and the ships Borrowdale and Waimate arrived in time for the wool sales. Messrs Dalgety and Co. have received the following cablegrams from their head office ;— Dated London, April 28 1 " Wool sales opened with indifferent seltotion. Large attendance of buyers, and competition. was fairly animated. Prices are at par to 6 per cent lower than closing rates of last series." Dated 29th April t "Wool sales continue active and competition brisk.' The principal operators are English and German buyers. Tne American* are buying nothing. Prices' are, on an average, sto 8 par cent. loner than closing rates of last series, exoepting for the bulk of super, and good iambs' wool. The bajk of medium and inferior lambs' .wool is neglected."