LONDON WOOL SALES.

Otago Witness, Issue 2368, 20 July 1899, Page 6

LONDON WOOL SALES.

iji" o . OoP. Own CobeaSpondkvt.) LONDON, May I°. MARKET CONTINUES FIRM. It is something in times of "booai" when things continue steady and firm, for with a ! commodity like wool a set back can be a? rapid' as what the rise* has been, and while some seem. to think prices have now reached a ', dangerous point, yet we are pleased to be i able to chronicle a continuation of the sound ■ features, current during the' past two weeks, with a demand for wool as keen as ever. During the past week there has been displayed every feature from which a colonial woolgrower could derive encouragement and satisfaction. It ir noteworthy that the catalogues daily submitted have contained a character of wool that buyers hardly expected to see, and ii that sense there has been a pleasant surprise. But on the part of buyers there has j likewise been home most excellent support forthcoming, and the prices paid have been fully up to any during the previous part of the series. The Continental buyers, and ospe- ! cially the Ru Roubaix topnrakers, have '" laid in " with a vengeance, while Germany has likewise been fully to the front. The fairly ' good supply of New South Wales grease has suited well the Frenchmen, this, class of wool being well adapted for their fine French cashmeres. Queensland scoureds are an increasing quantity, and being generally well lone ('and buyers well able to estimate the shrink1 age, they have commanded very full attention ; and sold with great zest, prices being well up lo any part of the serieE. New Zealand crossbred wool has been on show very liberally,and the trade having more confidence in the future of crossbred wools have bought very readily. Very coarse, wasty parcels are, perhaps, scarcely fo firm as last week but anything showing any quality at all has been snapped up quickly. The same can be laid of all Scuth African wools, both grease and scoured. There is nothing of a dragging nature, good grease especially being much ; sought after. Competition throughout is both gereral and keen, and prices are steady and firm. Closing letter next week. ~ Sold by Messrs Helmulh, Schwartze. and Co., May 11. — Mt. Parnassus: Greasy— 9 bales su- ■ .perior crossbred 10^d, 12 first combing 10^d, ; 2-i' do lOJd, 52 second do lOd, 2 C do 9Jd, 19 D do 9Jd, 9 S do 9£d, 7 first clothing 9*, d, 9 first hoggets lOJd, 11 second do 9hd, 8 B and 1) do 9Ad, 45 first pieces ]od, 4 second do [ S£d, 15 & do 72d, 8 halfbred first and second I hoggets lid, 7 do lOAd, 16 do D do lOd, 5 I do S JOd, 4 crossbred first and second lOhd, l 4 do D lOd, 12 halfbred first pieces 9id," 4 ' crossbred do BJd, 4 do and halfbred B pieces 7Jd. This was a superior clip. The quality was good; plenty of length, and a first-class character throughout. X m diamond: Greasy — 14. crossbred and Romney 7£d, 5 Romney 7d, ; 26 Lincoln first combing 6Jd, 24 do hoggets j 6»d, 18 do Gid, 2 crossbred matted 6id. Keep up quality and condition. Sold by Messrs H. Irwell and Co., Slay 12.— G in circle: Grease— l bales Romney 7Ad, 5 do 7d, 35 A halfbred 7d, 4 do 7d, 11 do CJd, 2 A crossbred Bd, 12'B do 7d, 33 A three-quar-terbred 7d, 16 do 6<»d, 10 do C.cl, 8 A Lincoln 7d, 15 do 6]d, ]0 halfbred necks 7d, 20 ' do pieces 6d, 12 do bellies 5-Jd. 'Ihis clip lacked a better quality and character. One or two lots were fairly good, but the majority were coarse. Kcreone: Grease— 7 halfbred 9d, 18 crossbred hoggets 7id, 33 do 7id. The first lot was a firtt-class one. Mount Parker over ■ TL: Grease— ll first fleece S.Jd, 48 first halfbred 10\d, 23 second do 30d, 8 first crossbred 7d, 9 do three-quarterbrcd Bd, 16 do Shd, 16 second do 7Jd, 2 Leicester Gid, 8 halfbred piece? > 7'id, 6 thiee-quarterbred do G~d. This was a good [ clip, being nice quality, well grown, and not so wasty. ' Robinson - over Cheviot Hills : Grease— 27 first combing 9d, 23 fir3t fine half-" bred lid, 57 do lid, 56 do lOld, 7 second do hoggets. 10d,.30 do Sid, S3 first thi.ee-quarter--.brcd hoggets Bid, 5 Leioester G?d, 10 fine half; bred lOd, 16 do si;d, 15 do B do 7id, 5 do locks j 4'id. This was eminently satisfactory, and sold ! most readily. ! Sold by Messi-3 Dv Croz, Do.tat, and Co., May 12 — Teviolda'.e: Giease— l6 bales crossI bred superior combing 12d, S3 do ll.^d, 58 do i lOJd, 27 do first do lOid, 3 do lOd, 39 do second ! do 10id, 29 do lOd, 3 do Sd, 12 do SJd, 17 I do pieces Od, 17 do Bd, 19 do belly do Bd, ; 10 do second do sd, 4 do ciulchmgs 4id, 7 j do lock's 4d. Superb quidity. iound, and oi a ■ splendid growth, and li^ht in condition, i Square: 50 grease halibred first lOd, 49 do 9Jd. Satisfactory and good. NZ over Thames Yalfey Land Co., Ltd.: 9 grease halfbred siipenor BJd, 4 do Bid, 18 lo crossbred first 7d, 20 do B. 7d, 16 d( second GJd, 17 do Lincoln 6gd, 9 do Gid, 18 do crossbred first pieces Gid, 7 I scoured do 9d, 2 2 do S do 6d, 7 do pieces 65d. 1 This was a fairly good clip, but hardly so light. . Hawkdun: 40 grease first combing 10\d, 24 do clothing 9Jd. Two good, satisfactory lots. Homebush : Grease — 24 halfbred 10.'.d, 14 do lOd, 14 crossbred lOd, 34 do SJd, 12 do Bd, 29 do GJd, 5 halfbred pieces 9d, 7 crossbred do 7Jd, 7 dc and halfbred 7d. The3e wools were good. WE over Sherwood : 11 grease first combing lOd 13 do halfbred 10id, 17 do cro?s,bred lOd, Bdo Sid. Thoroughly good and sound. Kaputone : Scoured — 2 ex super combing -Oid, 4 do pieces 19id, 4. do locks 17-id, 13 quarterbred ex super combing 20d, '■ 29 halfbred do IGVd, 19 do combing 15/, d, 9 do 115 d,1 15d, 34 do lOJd, 7 do 12Jd, 10 quarterbred ex super pieces 17id, 7 do 17d, 13 halfbred ex super combing 17d, 20 do pieces 16d, 13 dc 15Ad, 13 do 13d, 12 crossbred ox super combing ll*d, 7 do withdrawn, 11 cio lOd, 2 do Sid, 20 do S pieces. Bd, 31 halfbred inper locks lid, 20 crossbred do 9d, 2do brands 9d. These were scoured in a superb manner. Everything betokened excellence. Sold by Messrs Button, Ronald, anJ Co., May 13, — Otaio: Greasy — 32 bales first-class seven-eighthbred 7id, 22 do E 7Jd, 22 do withdrawn, 18 do W 7*d, 25 second dc withdrawn, 10 do E withdrawn, 28 second-class do E 6Jd, 7 do withdrawn, 24 do E 6\d, 4 first do pieces E 7d, 7 second do ojd, 5 do bellies do 6d, 5 tsscond do pieces 4Jd. Only an verage clip, the fibro being coarse and wasty. Hiku : Greasy— ls B crossbred lOd, 47 Cdo B*d, 43 do Bid, 68 do Bd, 21 F do Sd, 34 do Od, 13

E do 7id, 60 D do 7d, 3- do G3Ld, 14 do necks Did, 27 "first do pieces 7.d, 17 crossbred bellies 7d 2 do pieces 4Jcl, 8 second do sd; 13 first do lambs 10|d, 23 do MHd, 13 do 9id, 10 second do 7Jd, 2 do 7d. This was a good clip, being fairly fine and clean. Gwavas over shield: Greasy— B crossbred BJd, 4do 7gd, 13 do hoggets 7Q, 36 do 6Jd, 23 do 6id, 9 do pieces s|d, 8 do s&d, 2 first lambs 9d, 13 second do B£a, 8 third do 7R ,5 ,B do Bd. Quality and r>nn H iHrrfT rjm-i«3— k"-**-*~y^ — J 1 -T"^~to.'advantage. conaitioiirfiw Greasy— 42 crossbred tt'sctj— **_-'J, fL -?PT43 do 73d, 41 do 7sd, 41 do 7ld, 49 do 7ha, 43 do 7id, 58 dc 7Jd, 27 do pieces GJd, 28 do B do 51d, 17 second do 4:d, 33 first do lamb 3Jd, 10 second do 7id. This was a big clip ,and well grown, but a finer quality would pu 2d per lb on to it. Sold by Messrs Jacomb, Son, and Co., May 15. — RW in diamond over Gore: Scoured— l 3 bales first combing halfbred 17Jd, 2 do B 15Jd, 3 second do 15d, 3 do crossbred A 15Jd, 3 first do 14kl, 2 do B 9d, 8 bellies crossbred A 14Jd, 2 first pieces do 15d, 5 second do 15d, 8 necks do 13d, 5 bellies do 12d, 21 third do lOd, 12 S do SJd, 20 locks do lOJd, 4, first combing merino 10d,~2 bellies do 21d, 4 first combing quarterbred 21d, 18 do halfbred 18id, 17 do crossbred j 15d, 11 do A withdrawn, 3 do 7id ; sbpe — 4 combing halfbred lOd, 5 do crossbred 7id, 2 do A 7d, 12 first combing thiee-quarterbred Bd, 14 do combing Leicester A 7^d, 5 do 7d, 3 first three-quarterbred lambs 7gd, 6 washed third merino HXd, 12 do combing halfbred -12Ad, 8 do crossbred 9d, 19 do 7d, 8 do pieces do 9Jd; groase— s4 first combing halfbred H 9id, 39 do crossbred do Bd, 22 do three-quarter-bred do Bd, 9 do Leicester 7id. This was a gooil large line of wool, and all the varied qualities showed an excellent staple and good condition always associated with this- mark." MW in diamond over Gore : 47 grease ' first combing crossbred 7W, 4 do 6Jd, 27 do B GJd. These were onjy, average lotc, the wool being coarce. I The movement in wool in Bradford continues on a steady and firm scale. The greatest, strength undoubtedly at the moment, and one which [•• having considerable influence upon the market, it the continued firm showing of wool in London. Other outside influences during the past week have been exerting rather a weakening tendency upon the market, and the gambling tactics on the Antwerp and other Continental mavkets where futures have receded have- been sufficient tc Bradford spinners to make them cry things down, and lops are easier. Bui we are pleased to say that n'erino topmakers have thus far proved themselves equal to the occasion, and instead of falling ill with u&ers' ideas they have stood hard by laal week's price?. There Fecms to be aiv-ongst holders one consensus of opinion — namely, that they have nothing whatever to give away or recede on what their wools have cost in London. At 27£ d for a good, shafty 60's top no topmaker can afford to be so philanthropic as to sell at less and nobody iis disposed sc tc do. A good deal of gossip is indulged in al the way xVmerican wool merchants are shipping back lo Europe their surplus fine wools, bub it is fact that Yorkshire and the Continent can absorb today every pound of wool America has to spare, and at the same time feel little the better for the supposed fill up. Amongst manufacturers this is a most welcome sign, for it is well known that the cheap wool American manufacturers have been able to lay their hands upon has been a strong factor in helping them to fight successfully against European manufacturers. These shipments will only mean a jnore speedy return to buying in London, the ultimate effect being to raise wool sooner to the loilg-cherished '' importing point." Consumption is well maintained in spite of the dearness of the raw article. Crossbreds, too, are feeling their feet much better, and they are evidently moving out of their late state of chaos. Mohair is steady and firm. Tho difficulty of yarn spinners is not so much the inability to secure orders as the adjusting themeslves to the increased cost of the aiticle.