LONDON WOOL SALES.

Otago Witness, Issue 2524, 30 July 1902, Page 8

LONDON WOOL SALES.

(Fbou Our Spicial CoHMsrojCßixT.J LONDON, May 30,

BRISK BIDDING : PRICES STRONG. There might have been » "peace boom" on judging by some of the sights witnessed] in the Wool Exchange this week, and while this subject has formed a leading topic ofi conversation, still wool and its purchase has been more to the front than even the much-longed-for settlement of hostilities in Soutb Africa. The 4*olo animation as hitherta mentioned has formed quite a leading feature of this week's sittings, competition being general and very keen for merinos, as alsa for fine crossbreds. Prices of the first-named^ whether for the best or medium qualities, i£ fairly well-grown, ruled exceedingly firm ore the previous highest basis, with an, occasional further change in sellers' favour for tha best grades of merino, both in grease and! scoured. France and Germany have bought again very freely of almost every description, and as some good catalogues have continued! to be submitted, some high times have beem witnessed. The home trade has displayed! as much eagerness as ever, and has secured the lion's share, while Russiai for grease and scoured - and America for greaee havo been anxious to purchase: This has meant the full maintenance ofevery good feature hitherto displ and! nothing has gone -wrong at all, w.. urawals being very, very few.

Crossbreds have presented a very varied and extensive display, no finer show hay- - ing been seen for a long time. Fine qualities, under au increased demand for Confci. nental and partially for America requirements, have maintained prices fully up to the previous highest level, and often exceeding the same. Although the demand for medium descriptions and coarse qualities has been good, and has extended more in thoi' direction of an increased Continental inquiry, with a steady business doing for America, vainest have scarcely maintained previous quotations, but have frequently gone in favour of buyers, though it is almost impossible to quote them as being actually down. These qualities somo days have been easier to secure, the samples offering and in sight causing buyors not to be so keen. Oapea have bc-en in fair supply, the bulk consisting of grease. These, together with fleecewa^hetl, have well kept up prices, owing largely to Home support. Sicoureds are likewise very firm. Closing letter next week.

CLIPS SOLD AND CRITICISMS

Sold by Messrs Buxton, Ronald, and Co., May 21.— CP over Awhea: Greasy— 3 bales hall bred 7d, 13 fine crossbred 6id, 30 do 63d, 23 do 5Jd, 17 Lincoln s*d, 57 do 5Jd, 26 crossbred sd, 31 do 4Jd, 12 do pieces 4Jd. Thesd were nice cros?breds, there being a goodl growth of staple, and also a capital demand fc- them. Balvraid : Greasy — 35 combing IL Bid, 45 do "W 9d, 40 do Bid, 39 do 9d, 74 d)E Bid, 11 do Bid, 6 do 72d, 23 pieoss- 6icl, The only fault on-e can find with these merinos is their fatty, wasty condition. Otherwiso they were very good. Mate Mata : . Greasy— lß first three-quarfcerbred sid, 24 do sd. 18 do H sd, 55 do sd, 29 crossbred 4Jd, 22 do H 4|d, 20 do 4Jd, 7 Longwool H 4Jd, 2l do 4Jd, 13 crossbred 4£d, 20 first do pieces 4Jd, 18 do bellies 4d. There was nothing hero" special, and both quality and condition, as well as style, should ba well looked to. St: Greasy— 7 AA crossbied B£d, 9 do BJd, 12' BB do' 9d, 62 B do s|d, 10 do s*d, 4 F do 52d, 53 D do 5-Jd,. 25 do 5Jd, 9 C do 4Jd, C E do 42d; 5 do necks sd, 6 do pieces sd, 10 do 15 do 4jfd, 8 first crossbred lambs 6Jd, 8 second do 5Jd. This wa» a superb mark, the fust few lots being simply splendid. They sold most readily. Sold by Mesßrs John Hoare and Co., same day.— Double Hearts: Grease — 12 super combing lid, 71 H first do 10£ d, 64 do lOd, 63 do 9Ad, 11 do 9d, 7 second do 9id, 7 H do 9Jd, 32 do 9d, 4 do Bi.d, 11 H first clothing 9d, 4 do BJd, 4 first quarter-bred combing 9id, 3 do halfbred do 9d, 10 combing broken 9id, 4 do 9d, 4 do BW, 12 combing necks £>id, 14 do 9d, 11 first pieces 9d, 14 do BJd, 9 scoured combing 19Jd, 4 do H clothing • 19hc\, 9 do second pieces 18d, 10 do 18£ d, S do" H pieces 16d, 6 do first bellies 19d, S do 19d, 6 do H second do 19d, 4 locks Hid, 7 do 15id. A big hue and excellent into tha bargain. Such wools as these are the exception, and not the rule. Sold readily enough to the home trade. Sold by Messrs Dv Croz, Doxat, and Co., May 22.— P: Grease— 2B bales super combing lid, 3 second do lOJd, 6 fiist do lljd, 17 da lid 9 do 9^d, 8 do 10d, 6 clothing 9Jd, S super pieces" lOd, 6 bellies Bid, 21 halfbred! hiai H »id, 21 do 9d, 9 do second 7d, 3 Leicester 4Jd, 4 scoured halfbred super combing 13d, 8 dc first do 12id. Wanting only m ore thin"— too little of it. F in square: Grease -15 first combing H 9Jd, 25 do 9^d. 23 second do Dd, 6 A do BJd, 7 pieces 8d 4, do 7ld, 42 halfbred first 9d, 66 do Bid, 66 do 9d 65 do BUI, 63 do second H Bd, 64 da 7'd 03 do Pd, 26 do H 7Jd, 17 three-quarter-bred first H CJd, 12 do 6id, 35 do second H sid 9 do 5Ad, 72 halfbred picca 7d, 12 threequa'rteTbred"do od, 6 ha'.fbred locks 2£<l. Tbesa wools were very good, and very few- any better. Very good qiuhtv throughout, well classed, well grown, 'and pold splendidly. Sold by Messrs Jacomb, Son, and Co. same dav— ftW 111 djamond over Gore. Scoured — 8 bale* first ccuibmg- lOAd, 5 second do 19d, 2 do ]Bid, 5 first pieces 18d, 2 brands 14d, 7 first combing quarterbrcd 18d, 5 first da halfbred 15id, 8 second do 15id, 4 do crossbred 13d. 3 first do lljd, 3 second do 9io". 5 third <3o 7Jd, 3 do A 7^l, 2 crossbred B 7d, 2 do C 7d, 5 first pieces do A 12id, 21 do' A 7id. No fault can be found here, theso wools being very well scoured, clean, and gpod. Sod by Messrs H. P. Hughes and Sons, May 23.— C in circle- over Otekaike • Greasy — 4 combing first 9Ad, 15 do 9d, 7 do Bid, 3 clothing first 9d, 4 do BJd, 53 halfbred combing first lOd, 87 do 91d, 43 do 9d, 26 do second! 9d 31 do BJ.d, 10 do Sd, 12 do clothing first 9Jd, 57 do 9~d, 22 do BJd, 43 do 7id. 7 do 7id. 4 do 6|d, 13 crossbred combing fir3t 6Jd, 7 do clothing G'jd. 40 halfbred pieces first 7id, CG do B 6-id. Here, again, were some nice Tots, the wool, too, bsing very good. These, parcels were r^itainly in good crder, and fashionable. Ohoku Scorned— B combing lS^d 7 piece-, 17U1, 15 do 16? d, 30 quarterbred 14id, 30 halfbred -uper Jsd, 35 do 14Jd\ 59 do lid, 26 ens- bred A BJ-d, 13 do B 7d, 9 do C 6id. 29 half bred pieces super 125a'. -<1 do B lOJd, 25 do D MM, 3-t do 7d, 13 thiee-quarioibred do 13 f»id. i£ Jo 7Jd, 72 do D o{d, 15 do Od, 7 ha'fbretl locks 6J;d. Tha scouring here w.io ccit-ainly very creds'.ibiy don", and sold very well indeed. Sold by Mesrs 11. Schwartze and Co., May 06 -CM over diamond- Grc.osv— 4 bales halfbred combing E 7jd. 10 crossbred first AH M.I, 17 do BH Bd. 22 do 13 and W 6sd, 12 do C hotels 7^l. 59 do CE 6>d. 17 do W 5-M, 15 do second All Gd. 28 do B T<, and W G'd, 12 do cotts ewes 5J 1) do AY sd, 15 Liii'-p'm combirg 5Jd 57 do X sid 41 do X and W s}d 14 crossbred damaged sid, 27 do pieces H &W, 32 do E uid, 64 do W 6<J,

J. 4 scoured crossbred crutchings 52d. Here, again, was a capital clip, iD which. Bradford buyers made their influence felt. A wellgrow.n clip, all the qualities being likewise very good. The market to-day is practically a facsimile of last week, although to-day there is hardly as much new business passing as many could wish to see. Bradford certainly is quieter op the surface, but that is all, and the one or two disappointing markets we have had must not be construed as being an indication of weakness. Weakness there is none, unless it be in medium and coarse crossbreds, which spinners are wanting to buy at a farthing less, but as for anything fine, the situation is as sound as a bell of brass. The- market is considering seriously the big weight of crossbreds that is in sight, and some big users cannot see how prices can be maintained, but little allowance has as yet been made for the increased consumption of crossbreds and the eubstitution which is certain to be adopted if merinos continue to advance. Merinos must be described as sound, and coarse wools steady. The following table shows the course of prices during the past month, the figures in the last column being the general asking prices of merchants today : —

Description of Staple. <a o> ci £ * a) a I — — d. d. 5 5 5 5 6i ej • c * b\ ti 53 l\ '* 71 74 7 7 <; c Si H 21i 22' 2>'i 21 8} 9 «1 81 20J 21 16 i 16 14 ! 14 d. k d. I.iuocln hr.ges Lincoln wethers Deep-grown hopes Deep-jcrown wethers White eujer hoggs White suptr wethers liuh hoggs Irish wethers Shropshire hoggs Shropshire wethers Ord halfbrcd ho^cs Ord. h«lfbred wethers ... Wiltshire Down tegs "Wiltshire Down ewes Super GO'S, col. tops Ordinary 6o's, col. tops ... Ordinaly 40>, col tops ... Ordinal y 36>, col tops ... Ordinary 60's, Buenos Ajre3 tops Turkey average mohair ... Capa lirsts, mohair 5 51 6* 5* SJ 7J 74 <; Si 21* 9" 8J n 5 §J o «i 5} 63 53 7i 7J G Oh Uh 22A 21 1 9 8J 73 5A 5 Ci CJ fij 5J P G 9^ 2-i 24 9 f* 21J 16 14 2H 16" 14 2ii 16 -14 '