LONDON WOOL SALES.

Otago Witness, Issue 2232, 10 December 1896, Page 5

LONDON WOOL SALES.

(From Oub Special Corbespokdent.) London, October 16. A RISEN MARKET. The proceedings in the Wool Exchange thit week can only be described as satisfactory; Altogether the reverse of last series, the present sales are increasing in strength and firmness aq the end draws nigh. If ever the schemes and plans of the speculator were frustrated they have been these last three weeks, and for their destruction the growers of wool must thank heartily the stubborn, continuad buying of hard-headed Yorkshiremen. Under a persistent fire of competition on the part of the Home trade, the continental section have been practically forced into the battle, and under the now united action of all sections of the trade wool values have shown in certain particulars an advance forward. Throughout the past week some very decent bulky catalogues have been daily submitted. When anything showing soundness of character with a good average growth of staple and with condition fair has been offered, the competition has been extreme, with prices ruling from to £d advance over the rates of last week. This has included the good average growths from Queensland so much, now in favour, and the bright attractive wools from the New England district of New South Wales. West Australian wools have likewise come in for increased competition, and tho brands offered have met with a ready sale, New Zealand crogsbreds have again been very conspicuous, and thanks mostly for the united effort before alluded to. an advance in price bag taken place. Bright-haired descriptions and even soft wools have advanced from -par. to 5 (OS

terit. all round. Dealing with South American Wools, some 2250 bales have been offered, and Jd more was received than at the earlier keries. Wools from South Africa again figure the lowest, bub in good grease and jcoured parcels possessing some good combing property the fractional advance is here given. .Anything short, he^vy, wasty, and burry is -the heaviest of sale, though withdrawn lots are not numerous. The week is closing with a very Animated spirit, and- the close of the, series promises to be encouraging.

Sold by Messrs Jacomb, Son, and Co., October 7 :— SW over Greenlee : Grease— 63 hales A crossbred 9d, 62 do BJd. 45 A half bred BJd, 90 threequarterbred 9d, 44 Leicester BJd. Very uniform were the lots, the wool also being satisfactory. B in star : Grease— sl half bred 9d, 50 eros bred lOd, 60 do 9id, 36 three-quarterbred 9d, 6 Leicester Bid, 16 do Bd. No complaint here can be offered. H and S over Kaiwarra : Slipe— l4 half bred BJd> 21 three-quarterbred 9d, 34 do 9d, 37 crossbred SM, 102 do BJ, 44 do 9d, 25 do 7id, 71 Lincoln 9d. 62 do BJd, 14 crossbred lambs Bjd, 7 merinos withdrawn, and a few lots of washed wools These were very useful wools, and in nice, fairly clean condition. Sold by Messrs Henry P. Hughes and Sons, October 9 :— Weld's Hill over Awatere : Greasy — 8 bales combing first 7Jd, 14 do 7Jd, 9 do second 7d, 10 do 6}d, 8 do withdrawn, 12 pieces 6Jd, 6 bellies "4|d ; scoured— 3l p'.eceg 12Jd ; 13 locks Bid, Good quality, but tending rather to be fatty in greaee. Upton over Awatere : Greasy —51 combing first 7Jd 20 do second 7Jd, 9 broken 7d, B pieces and bellies withdrawn ; fcoured— 3l pieces 12id, 11 lockßlOJd, 3 half bred pieces lid. Quality good, but wanting in condition. NBL In box over G : 4 halfbred first skin 9id, 6 crossbred do 9Jd, 16 do BJd, 32 do 9d, 5 do lOd, Bl do 9Jd, 18 do Bid, 10 Lincoln do 9id, 17 no 9d, 6 crossbred pieces Bid, 22 do third skin Bid, 16 scouTed crossbred pieces 9Jd, 13 do bellies 9d, 15 do locks 7i«J. Good average lots. Glynn Wye: Greasy— 29 combing first 7id, 25 lo 7Jd, 47 do second 7d, 34 clothing 7d, r pieces 7id, 20 do 6}d ; scoured— 39 combilng 14d, 23 do 13Jd, 39 clothing 13d, 49 Ipiecesl2ld,Bdol2d,l4lockslold, 16dol0d. Anice •wool, but the gresse showed a tendency to be heavy, though the scoureda were in nice condition. Station Peak: Greasy— B combing ewes 6|d, E8 clothinß do 6id, 4 pieces 6d. 11 halfbred combing 7id, 28 halfbred clothing H 7id, 45 do E 7Jd, 27 do 71d, 31 do C£d, 5 do pieces tfjd, 8 do bellies 4}d. Sold by Messrs Dv Croz, Doxat, and Co., October 12.— Leslie Hills *. Grease— l 6} bales super combing first Bd, 46 do second Bd, 19 pieces 7Jd, 13 do B 6Jd, 4 scoured 14d, 13 pieces Hid. These were very good quality, and lacked little. Castle Kock : Grease— 3 bales combing 7d, 38 crossbred first H7Jd.-35.d0 7Jd, 34 do 7Jd, 81 do second H 7id, 40 do 7|d, 40 do 74d. 37 do third 7Jd. 77 Komney BJd. 35 Cheviot 7Jd, 3 do R 7Jd, 29 crossbred nieces withdrawn, 23 do bellies s£d, 9 do locks 3id, 2 do black 6id. The Romneys were by fat the beat; the other grades were not so clean and Attractive. Mesopotamia : Grease— ll first combing H 71d, 34 do 7d, 14 second doH 7d, 20d06J,1, 45 clothing 7d, 3 R 6}di 21 pieces 7Jd ; scoured— lo first combing 15Jd, 9 second do 14d, 17 do 13Jd, 11 do 3L3d,llthirddol3id,l7firstclothingl3d, sfirst and necond 12Jd, 20 pieces 13id, 7 do 13d, 21 do 13Jd. 10 do 12Jd, 17 locks 10 Jd, and a few odd baleß. TheEe ■coured were very well done— free from offensive matter, and a good colour. Sold .well.

At all points ib.is being clearly manifest that wool matters in the home market are rising gradually. There is not merely an improvement in sentiment only, but a reawakening can be chronicled deep down at the very foundation of fche Bradford trade. What ".leading lights " Worstedopolis can boast regard the present improvement as the beginning of a continuous movement:, and the prophetic eye discerns that the tarn of the tide is beating on its crest another period of, to say the least,, fairly good trade. Two-or three great forces are to-day at work which all operate powerfully on the wool trade here. The last two or three weeks have Been several of our large factories recommence running fall working hours, and to-day the large wool-coDSumiDg textiles are having an increased output in worsted coatings. This means » greater call for Botany yarns ; and the fact fchat good 60's tops are better to sell says something at least for sbafty merino wools. Also, at b price there is a fair call for short 6Q's tops of la Cape character. Then the " bearing " policy of consumers of mohair is completely shattered. All along spinners have trod the precipice edge by only supplying bare legitimate demands in tope of teeing that article fall even further, bub manufacturers under pressure of increased orders for bright fabrics having rushed in " particulars " for? yarns have found spinners napping and unable to supply what was wanted. in Bradford in dealers' hands are just about nil, and what bit there is holders seem unprepared to part with unless at increased rates. At the sources of supply cable advices state fchat present orders cannot be supplied owing to prat holders asking even more than present prices in Bradford will allow. Tbis has caused »ur dealers here to again increase their rates, jand users are obliged to pay more money than what obtained last week. A good business is doing in alpaca. There is also more doing in Englijh wools, particularly in bright hoggs, and gome large sales have been made in sympathy frith m^ohair, bub prices are not to satisfactory. Ihere is more business doing in the export yarn trade, and a more healthy tone prevails even tiere. Quotations are very firm, with an upward tendency* Manufacturers appear better off for Work, the American market being more encouraging.