GISBORNE WOOL SALES.

Otago Witness, Issue 2604, 10 February 1904, Page 19

GISBORNE WOOL SALES.

GISBORKE, Februaiv 5.

At the wool sales to-day bidding was spmtcd. Stiong. greasy crossbred?, veil conditioned, made 6Jd. Aicv better linos of bnght, clean wool, off the fldts, were passed in at a shade below their reserve of 7d ; bush-stained and lough lots inr.de f-oni s id to 6d , lambs, o\d +0 CM; good pieces, 4d to lUI, '.ocks, 2UI to UJ J ; ciutchmgs, 4d to 4id. ±'o: -kiiis ths tlemai.d was very bi-13!:, a:,d well-sa . od fire s-'Jiiis nncle up to s\cl per lb, co^rsei skin-; aveiagcd <1M to l^d. Hues \u:c ui=o 111 keen clemr.uil, hca\y ox nicikipg up lo od pc* lb, l.iVri r o lt ad cews, lUI to i]d; btatiou liuics, id to lj.d. 'i'ai-

low Good lots sold at 20s per cwt, rough t 163 to 18s.

Messrs Dalgety and Co. report having received the following cable fram their head office, dated London, February 1 : — "Wool sales closed firm and active, with brisk competition. As compared with closing lates of last series, any change in price of greasy merino wools (inferior, faulty, and earthy wools excepted) is in favour of buyers. Scoured merino wools in general are 5 per cent, higher ; fine crossbred wools on a par with closing nates of last 6eries; medium and coarse orcesbred wools 10 per cent, higher. Out of the net quantity available for sale some 65,000 bales have beyi sold for home consumption, 60,000 bale 3 tor the Continent, 5000 bales for Anyn-ica. leaving 7000 bales to be carried forward to the next

The New Zealand Loam and Mercantile Agonoy Company has received the following advice by cable, dated 2nd inst., from their London office: — "Wool: Since close of last sales prices are about 5 per cent, higher for medium greasy and medium scoured crossbred. The sales clceed firmly this day." Tho Department of Industries and Commerce has reo&ived the following cablegram fiom the Agent-general, dated London, February 2: — "The wool sales concluded with active d/>mand at full prices. The demand is likely to continue for some time. 'I lie manufacturers have not been able to procure sufficient supplies to cover requirements. The following, are the estimated values ruling: — Fine crossbred, from lid to Is Ojd ; medium crossbred, 9d to lO^d; coaroe, 7d to B^d ; superior merino, Is to Is 1 2-3 d; medium, lOd to 11 2-3 d; inferior, 8d to 9 2-3 d."

From a table sent U9 showing the quantities of Australasian ancl Cape wool catalogued by the London brokers, it appears that there was a decrease of 148,839 hales in the quantity offered at the 1903 auctions as compared with 1902. With but ono exception there was a reduction in the catalogues of every broker.