LONDON WOOL SALES.

Otago Witness, Issue 2231, 3 December 1896, Page 5

LONDON WOOL SALES.

commod'ty iv sound favour. New Zealand croifcbredscontiaueinstrongdenaandfttthohan.i of Yorkshire, which has contributed rnnch to the strength of the present series. Cape, agair, figure rawer low, with occasional h«avy withdrawals. G^ort c jmbing grease eella readily, as also do suow- whites, but the short heavy Wdaty sorta are no!; wanted. Summing up, va'ues are ruling at the top for all grades, with * higher teodensv ou good oombiug uorts, bun foe anything *hhbby and unsiphtly values are irregular at a fu:l halfpenny drop. Sold by Mensra Dn Croz, Doxafc, and Co., September SO :— Thr<e crowns over GEAR: Slipe— l4 b-iles rvossbie'l tirbt c raibiog S)J, 8 throe-quarter-bred do 9R 73 do 8R 7 balfbrsil first combing lambs 9Jd. 6 crossbred do 9Jd. 5 do clothing lambs Bii, 10 crossbred do Bid, 9 do Bd, 'oG Lincoln fir.t 10 J, 12) do 9d, 181 do Sid, tf do M Ml, 35 do PSid. 60 do ABd, 127 crossbred pelts 7R 30 do 6i<, 22 do clothing 71_d, 28 do 6 1. Here were a. very Urgs lot of wool, Us character beiug v buch as to Rive riso to much, atroug competition Got up in first c!a3S order and very good. Gerald : Grease —9 balei super combing Bd, 22 first do Bd, 101 do 7£<l, 13 A combing 7}d. 17 aecond do Bi, Jl firav cluthing Sd, 13 do 7jd, 23 pieces 7R 1 black 7Jd ; sjoiveil — 2 super combing 15i<i. 17 first do 16d, 17 sscond do 15d', 9 clothing 14d, 10 first pieces Hd. 14 piccaa Hid. 14 do 13R 7 do 12d. 16 locks IOJd. The3f" scourers w<r*> X tho pink of condition, and both Juscriot ••• •» -.'.'?>*■ icallygood Sold by if-jn-asiti fm<ct'm Ronald, October 2:— OVfC> L: NHpe— l.B bales euper halfbred 9A, 6 thr.a-(,tnrterbred 9Jd 101 do 91, 24 do witb.lrawc, 61 crossbred fid, 22 half bred lambs lOd. 191) threa-quarterbved lambs lOd, 63 do 9Jd, 12 clothing nieriuo withdrawn ; washed— 3s oros'ibwd seooud 7Jd, 32 do third 6R 39 do bmb3 Bd, 13 do 7Jd, 39 rio third 6Jd. Theae found buyers moat readily, for they wore good lota. Puruatanga: Greasy -4 halfbred BJd, 17 rrossbted Bi'i, 8S do 8(1, 9 Lincoln 8.1, 7 crossbrei tollies d}'l, 17 do lambs Bd. These we.c good and souud. Sold by Jlsesrs OLwrlea Balme and Co., October 3 :-- JII over "VVaivua : Scoured— B3 baleß tirst halfbred 13d, 67 do withdrawn, 21 first crossbred 12d, 3 super halfbred 13H 14 fma crossbred llja, 4 Leicester lid, 42 halfbred pieces withdrawn, 20 crossbred pieces 10£ d, 6 Leicester pieces 101 d. 32 halfbred pieces 10id, 53 crossbred nieces withdrawn. 3 do Bid, 6 half bred pioces 9&d, 9 crossbred do Sd, 23 halfbred 10id, 5 crossbred IOJd, 7 do lOd, and 8ov er&l amall lots. Average wools. Ken over A : Grease— 29 halfbred combing 9d, 25 crossbred do B'l, 12 d) Old, 4!) first do lOd, 3 second do 7fd. Lacked uothiug. Viol ' vm? A A : Grease -36 halfbvtd BJ'J, 61 cros 3 b >-rf i, '7 1 do 9Jd, 11 second do Bd. Very good ; v-u-i ' and shafty. Sold by Messrs W.iUas and Overbury, October 5 : — N Z and A land Co over Hakateramea Down&:Graaßy— 31 bales combing 7*<l, 59 do7Jd, 28 do 7d, 22 do 6Jd, 15 broken 7Jd, 31 halfhreii combing 81, i do 7Jd, 7 crossbred -73d ; scouved— 12 combing iojd, 36 do 14d, 14 do 13Jd, 17 piece" 14(1, 18 (b J3id, 18 bellies -13d, 17 locks 9id, 23 combing halfbred 14d, 15 pieces do 13d. These were nice useful quality wools, but tho merinotended rather to be heavy in grease. Scoured wen; very well done indeed. Flag in haud : Greasy— 33 A croajbred 9Jd. 12 A E do 9d, 4;i A A do B}d, 7 combing crossbred Bid, 25 do Bd, 24 B crossbred Bid, 47 C do Bd, )2 O O do Bd, 3 crossbred damaged 7|d. Wanting in nothing Bave quantity. Taking things Altogether there seems to bs coma slight improvement in the home market for wool. Throughout tho past week mure uu*i,)fiSßu u*i,)fiSß has obtained, and a brighter, mosre buoyant feeling bas pervaded tha inurkefc. Some negotiations have for weeks been pending, And an understanding having been arrived at, some moderate quantities of both merinos and crossbi'-c!s have now been cleared. On ali hands men bave at last btvan convinced of th<-

(From Oun Special Cobhespondent.) London, October 9. INCREASED COMPETITION. Coleman street Wool Exchange this week has ! presented some scenes full of life and fervour, j I!s can be truthfully aaid that any day's safe offers a treat to the uuinitiatid in wool buying ; I but wlfen buyers seem to ba in a " tamper," and ! feel determined to have the wool on offer, then ' it is that the auction room increases in its [ attractiveness and beauty. This week, indeed, an increased baoyancy and vigour has been the chtracufcristio element of each day's sitting, and instead of buyers in a third week showing aigns of weariness, as is often the case, operators have shown that still they are not " choked "up with the wool already bought. All this has called forth the of fa repeated expression, " Things are , showing an hardening tendency, and wool is , not got so easily »s a week ago." It is very significant that German representatives have waxed strong this week. They were evidently earlier in the aeries "trying the game on," hoping by their reserve to fetter values by bringing them lower, so affecting prices in Australia, but the Home trade being in good fettle, and the French proving themselves valuable allies, wool continues to move at the very top of this series' current values, and with an occasional farthing on. Again, we have been treated to some fair weights of " sweeping up " parcels, but these, when they showed a staple possessing some combing property about it, commanded strict at tan tion. Good shaffcy Queensland* jgpntinne to be well looked after,- -while New {,' land wools "xea

nbsolute necessity of doing something if it were »t all possible. The course of the London sales has been watched eogerly, & very keen open eye has been kept upon the course of values on "t'other side" (Australia), and holders with full knowledge of how wool is moving, and seeing no near and immediate prospect of being able to obtain any further advance, are now prepared to do business. Operations, therefore, in good average, 60's tops at lasfe week's prices are very respectable, while 40's cro3Bbreda are saleable too. The feeling generally is on the wing that the near future will see more doing ; in fact, in the piece trade department more orders have been recently placed, and if here more is doing ib will soon have its tffecfc on the raw material. It is also significant that trade in American quarters in Bradford is not Bear co bad as was recently the case. Some good heavy weights of dress goods are on order for nexb spring, chiefly in Bradford's latest novelties, and instructions have already been biven to be well prepared for the epeedy execution of ' orders for worsted coatings should •Kinley be elected. In English and £outh American descriptions there is a little changing (lands of good medium qualiby, wether wool being preferred before hoggs, especially bright Lincoln sorts'. There is a quite unexpected rise to be recorded in mohair. Dealers are asking 2d in self-defence, prices having advanced at the source of supply. Prospects here are now considerably brighter. Yarnspinnerß are finding more call for yarns, indicating well the position of manufacturers. Other grades of yarns are a shade better on home account. In pieces trade is not so dull. More is doing for home, and export wants have grown.