LONDON WOOL SALES.

Otago Witness, Issue 1851, 30 March 1904, Page 9

LONDON WOOL SALES.

(Fboh Ova Special Corhesposdext.) LONDON, January 29. AN EXCELLENT DEMAND FOR WOOL. Cole-man Street Wool Exchange has presented this w&ek a very busy scene, and real good work has been don,->. On the whole, I don't think prices can bo quoted any higher, but it is eomerhing to see them fully maintained at ti»& higher l&vel which this s-eries has esiablishe-d. If anything-, tho competition has broadened, until to-day both the home trad© and the Continent are about equally matched, prices being to-day the best of the scries. Merino wool of good character rules par to 5 per cent, above lass November, only wasty, dingy, undesirable parce.le standing at par. The call has been particularly kosn for grease and good scoured, from both Germany and France, whilo America has taken fair parcels cf very light grease. The home trade generrdly has been very active- in its purchases, Quecnslands of fair to good character being often ;kl dearer. South Australians haveruled up to ll£d for shafty combing, but burry parcels are loss wanted. Several flocks from this State this season are very ehafty and bulky in staple, bu'» hardly as fine in quality as last season. West Australians at lOd to lid are very firm at par to £d advance. Scoured descriptions, when of brhight colour and good quali-ty and condition, at 22d to 25d, oie iirra; middling sorts are about id deader; but the results for faulty parcels are eomewhat irregular, according tq^ the wants of a few buyers. Crossbreds have rn-et a very active market, every section being- lo&en. Fine qualities aro now up £d, middling £d -to Id. and coarse grades a full Id above November rates. The home, trade all through the week has taken the lion's share, though some valuable support has been forthcoming from, Germany and America. The New Zealand wools ha^-e been excellent in growth and etapie, and sold like fury. i South African wool, in moderate supply, ias sold with fair spirit, good combing grease fetching more money than last time, whilst heavier parcels are unchanged. Sccureds and' fleece washed are makng an occasional -£d more. CLIPS SOLD AND CEITICISMS. Sold, by Messrs Buxton, -"Ronald, and Co., 22ad ' Ja.:iuary: — Avonciale over Mailbro : Gie-asy — 11 /bales first combing lOd, 6 second do 9Jd, 2 do S^d, 3 skirts 7£d, 7 first comeback combing lid, 33 -do lOJd, 32 second do 10* d, 23 first half bred cio 3 ld, 9 second do lCd, 6 first three-quarter-, bred do 9Jd, 1 second do 9Jd, 19 first do 9d, 2 three-quarter bred 7|d, 5 comeback necks 9d,' S do skirts 9d, 5 three-quarterbred necks 9d, 5 halfbied skiits Bd, 12 three-quarter bred sk> 7-} d, 6 comeback bellies Bd, 8 haJfbrcd do 7id, 6 do pieces s|d. An excellent clip cf wool, showing first-class growth, splendid quality, and Al character. Maradna>nga : Greasy — 34 bales first halfbred 9d, 42 second do 91d, 27 c!b 9d, 44 three-quarterbred B|d, 18 do 9d, 16 crossbred BJd, IS first Lincoln 9d, 37 do BJd, i 97 second do Bid, 8 do Bd, 5 first crossbred Bd, j 11 second do pieces 6Jd, 9 third do &id<. Gocdi, useful wools— quality, style, and condition, being fully averrge. Sold by Mesvr3 John Hoare and Co., January 25: — Awarua over Challenge: Slirae — 8 bales first three-quartcibred combing lid, 18 do crossbred do 9|d, 6 do 9s, 9 second do BA-d, 7 first Lincoln do 9d, j 8 do three-quarterbred| lambs lid, 15 do I 3 Od, 27 do crossbred do 9i-d, 3 do 10£ d, 9 second ] ot 9d, 5 washed third crossbred 6Jd, 10 do ' pieces 7fd. Good quality wools, indicating care and attention to details ; every lot selling very readily. Sold by Messrs "Willans and Overbury, same clay:— N Z & i, L Co. over Hakataramea: Seemed — 10 ba-les combing I7d, 8 do Ylidi, 4 dc 16d, 13 do 16Jd, 8 do 15* d, 10 clothing (ivithdrawn), 2 do 15d, " 4 combing half bred 14d, 5 do 15d, A do crossbred 10id; greasy — 6 combing lOSd, Bdo S-Ao, 6 do quarterbied 9Jdj, 12 do lialfbred lid, 2 clothing do 101 d 6, combing crossbred 9d, 4do Sid, 2do Leicester BJd I liked the gTeasy fully ac- much as the scourpd, the clip throughout being very good CMCoL: SJipe — 5 bales clothing 10|:l, 1G halfbred 12d, 7 <7io lid, 8 eecotd do lOd, 18 three-quarterbred 1013, 5 do 9|d, 11 Leicester 9Jd. 30 do 9d, 15 second do S^d, 5 crossbred 7ld, 2 three-quarterbredl lambs 9id, 4 Leicester do 9^d, 2 first crossbred pieces S^d, 5 halfbred lid, 13 three-quaxterbred lOJd, 23 Leicester 9d, 8 second do 7jd. These slipes ■were well classed, and in nice, light concution. P-H: Greasy — 139 bales crossbred third combing SSd, -18 do Bd, 62 do 7|d, 11 do Bd, 29 do bdly "pieces 61d, 21 do second do 6\d, 13 do leeks -Idi, 15 do first lambs BJd. A good lot of •wool, which sold extremely well. Waihi over 2C.Z. : Scoured— lo bales first combing 20d, 10 third do 19d, 3 first do 20d, 4 first clothing 19d, 3 first quarterbred combing 17Jd, 5 halfbred locks 30?. d. Good ooloui, "first-class quality, and aai altogether attractive wool. Island Farm: Gieasy— s bales halfbred hogget lOJd, 14 dlo ewe lOd 12 do wether 9Jd, 19 first three-quarter-bred 9d' 8 do Shi, 4 halfbred 9d, 3 first threeouarterbred pieces. Bd. Excellent wools and certainly reflect credit upon the grower. WB: Sbpe— s bales haHbred 9id, 10 crossbred 9dl, 47 do B}d, 37 Lincoln BJd, 4 halfbred pieces Bd, 8 crossbred do 7Jd, 11 do 7d. Fair good wools, but perhaps hardly of that high-class* character AS some slipes. Ohcka: Scoured— 4 bales A balftsed pieces J2d, 6 & Wld. 6 A three- t

emai terbred do lOd, 17 do SJd, 4 crossbied do fe^d, 4 AA do lOd, 8 B do 81A, 6 superfine halfbred locks 7id. On!y average wcols.

Bradford, for tho mement, is a very strong market for the- raw material, and anything in tho shape of wool can be sold 1 more easily than either tops or yarn?. Many men say rhat the farther we get away from the raw matcral, the worse matters become, and there is more than a grain of truth in the assertion. However ' satisfactory London may bo, there is no gain-saying the fact that Bradford trade- in its- two essential part:--— namely, yarn and pieces, is much quieter than one would suppose from 'the upward tendency of the raw material ; but neither yarns nor piec-es are responshe to the upward tendency of wool. Botany spinners especially complain of the difficulty of getting anyt'iing like cc^t price, chore being a unanimous verdict that to accept present yarn offer= a super 60's top wants buying at 23d. A full penny more has to be poid for a decent combing, and the present rise is regarded entirely as a "topmakers' " move-, and 1 that the- actual condition of trade warrants no higher values whatever.

emai terbred do lOd, 17 do SJd, 4 crossbied do fe^d, 4 AA do lOd, 8 B do 81A, 6 superfine halfbred locks 7id. On!y average wcols. I Bradford, for tho mement, is a very | strong market for the- raw material, and anything in tho shape of wool can be sold 1 more easily than either tops or yarn?. Many men say rhat the farther we get away from the raw matcral, the worse matters become, and there is more than a grain of truth in the assertion. However ' satisfactory London may bo, there is no gain-saying the fact that Bradford trade- in its- two essential parts— namely, yarn and pieces, is much quieter than one would suppose from 'the upward tendency of the raw material ; but neither yarns nor piec-es are responshe to the upward tendency of wool. Botany spinners especially complain of the difficulty of getting anyt'iing like cc^t price, chore being a unanimous verdict that to accept present yarn offer= a super 60's top wants buying at 23d. A full penny more has to be poid for a decent combing, and the present rise is regarded entirely as a "topmakers' " move-, and 1 that the- actual condition of trade warrants no higher values whatever. The strength of the situation continues to b& the absence of all stock.*, which has set men ablaze to buy wool, and, everybody wanting some, they mo bidding keenly for it under the impression that it is not going to be cli&aper possibly this year out. Here in Bradford there is not much selling forward, because it will not take a great deal to bring about sensibly higher values, and nobody wants to be caught after the fashion of four years ago. Ail the talk is about higher values, and 1 I should not be surprised to ccc prices get up still further. Throughout Yorkshire manufacturers are holding the lightest stocks for 3'ears back, and it looks likely that future supplies will b& no more than adequate to meet even the present curtailed consumption. Crossbreds show by far the- strongest position, and no doubt there is a larger consumption proceeding than many seem to think. There aro no free offerings of tops unless near hand 13d ie paid, and even then forward 1 selling is not indulged in. There is no cliange in the yarn department, ov even' mohair, which continu-es to mo\c very J tardily, transactions continuing to be eni tirely 61 a shopping character.