THE WOOL SALES. LONDON, March 12.

Otago Witness, Issue 2504, 19 March 1902, Page 17

THE WOOL SALES. LONDON, March 12.

The wool sale« opened with «i strong demand. Price-- a 1 - compared with the last '-erics ranged at from par to an advance of 11 per cent. March 13. Jlc-p Bahne ar.d Co , Buxton and Co., and Jacomb and Sons' joint catalogue comprised 10,20(5 bales forming a good There was a large attendance from all quarters, and bri=k, general competition : Home buyers securing the bulk. Compared with the February rate*-, merinos were at par to o per cent, higher, and cros«,bred.s 5 to 7^ per cent, higher, mediums showing the greatest appreciation. Man.li 14. \t the wool sale-- there is keen competition for fine merinos, which ar * fclia;htly harder owing to Continental support. The Bradford market i^ firm and unchanged.

At the wool there wa^- '-piritod competition and a hardening tendency. Mcticll 16"

At the woo! «.ale-> a good selection was ofi e red yesterday. Fine wools realised the best prices ot the <-erie^, Continental repre'-entatn es being eager buyers. The Manawa clip sold at old, Lans'lo'.vne 9-Ul. To date 38,069 bales have been catalogued and 37,338 M)ld.

The Xew Zealand Loan and Mercantile Agency Company (Limited) arc ill receipt ,nf the following cablegram from their Lcndoii office: — "The *ac» rpened on tho 11th inst. Merino ?nd fine crossbred, par to 5 per cent, higher; coarse medium crossbred, sto 7£ per cent, higher. Attendance of both Homo and foreign buyers is good. Buyers arc operating with spirit."' The National Mortgage and Agency Company have received the following cablegram from thoir London office, dated London, ]2th March: — "Wool sales opened with firmer tendency for m-prino, all descriptions. Average advance of 5 per cent, rvosabrerf finest descriptions. Average advance of 7^ per cent, for croFsbrcd coar=e descriptions."

Dalgety and Co.. Limited, report haAinjr. received the following table from their hratt ofrW, dated London, 12th March --" Wool '■ales opened : fair 'election ; large attendance of buyers : competition animated. Prices for merino and finp crossbred wools are at par to 5 pt>r cent, higher than closing rates of la^t series; medium and coarse cro^cbreds higher by 5 per cent. Date- of our own sales— March 13, 20, and 25."

At the -wool sales a good selection was offered yescecdav. Fine wools realised the best nrieos ~oi the serir". Copt.rifutal repiv»entat'\ps beinc eager buyer?. The Manama clip Rold at se<l, Lruifdovviie °4c'. To datp 38.0t)9 bales ha\o been catalogued and 37.338 sold.