THE WOOL SALES.

Otago Witness, Issue 2203, 21 May 1896, Page 14

THE WOOL SALES.

London, May 12. At thB wool sales competition was strong, and the best 7alues of the series vreva obtained. May 13. At the wool sales to-day compttition was keen and prices firm. May 17. The total quantity of wool catalogued up to date is 216,000 bales, of which 94,000 bales have been sold for tha home trade, 106,000 bale* for export. 1000 for America, - and 75,000 bales held over. The sates closed with prices rather irregular, being a 6 about

the January level, bat with a hardening tendency. Tha statistical position induces importers to expect a recovery ia ptice3. Sheepskins were wosk at yesterday's sale, with a farthing decliua.

The New Zealand Loan and, Mercantile Ag&ncy Company (Ldmited), have received the fol-'owtng cable from their London office :—: — . " The sales closed, fi.-mly this day. Since dose of lnpt Hi.les gren*iT merino suptr, coarpe greasy, washed and pcoured c prssbred. arc par to -$A per lb lower. Greasy merino, medium and'interior, and mediuffl greafiy croasbreds ara^d to-Id* per lb lower. Washed and ecoureJ" super, mediuaa and inferior merino, fiae- gr*asy, washed and scoured crossbred,, and medium washed aud' scoured crossbred are-Id per lb lower. The toHal quantity gold during the pjs*; sale iB 199 000 bales; of which 105,000 balo« have I'een taken for tbe Continent snd 1000 balei for America. Ifr has been etfciimtod that 75,000 baler have been held over for future disposal."