LONDON WOOL SALES.

Otago Witness, Issue 2905, 17 November 1909, Page 6

LONDON WOOL SALES.

(Fhom Otjb Special 'Cobbe'spondekt.) '■; - ; , I^)Xt>o^;. October %,' -j CNPAItALLEfcED- ACTIVITY £ FRIGES SHTLL TENDING UPWA.BDS, , , J The sales are proceeding- "St %r v teaV Trijrorous 6tyle ; cpgyae|itio,n ( . could • Jiot keener^ "wool ia $^pi^jmnk^aibi^:\y^r i ' and : there it as tnuoh e'nttaiß>a«nJa.^..ey!ej;.p^3?a^!jw6t abou^ sum's ', vjp -~,t&e., stjuicUrffc ojf if j?ool., ia Coteman street, anid' every "feature is t of the" best. Xhafe && *«* vreek^thafc '„ things were too hot to last, but so far as the present series goes prices .wiH*last,-jiid,.i the end ie- approaching with every descrip- j tion of wool at the top notch. ' This weekV.,«at»lqgi*es haveo.besh ' Average ones, and they aave been cleared j with rare avidity.' t l - tetve -»ften thought tiiat it is a- rea4^ood- ♦hing^^m* ttie 'Bep--| tenvher series is usually a hiisk. one, otherwise the large quantity of verj .shabby, wasty, extract wools would • come badly' oS ; but with there being a good inquiry all this rubbishy stuff usually sells well, knd'ebminands fair gocd prides. " 'This series "all these wools have done a goo"d penny better than la&t Julj*. '" ' " COXTIXUEP ACTiVITY. The outstanding feature- -of the series , continues to bs < ■ the -great -sail for ; wool, and no matter whether' it -be merinos or crossbreds, there if the same-, eager desire to operate. Taking' -a surface'^ glanos at the attitude of' the- whole trade j as buyere eit in Co!eman street, there is no disguising the fact that all alike are ' as keen as can be to buy, and the high j prices are .net deterring — as far as one can ]• gauge the situation — anyone from stepping in. On tho other hand, some Yorkshire j buyen "seem keener than ever to purchase. No doubt in many cases choice dc^s' not I enter into ths gam" at' all, topmakers being in rhi." position of -being forced to cover, and they are doing the best they can. The price of wool suits no one — except 'the', grower; but it has to' bs bought, and ; "toveral I could name look like being loeers j vri'csi they have' some cheaper ,wcol at ■ Jwj ne to water down the London cost, j The acti\:iy teen this r week has been phe- ' i o:nena!, and the "catalogues have been j t. «.'d rod in fine slyle. Wool never met with j a more hearty reception, ant' ths carry- ' over will be paltry. ' ' . MKRIXOS- STILL I\ T SELLERS' FAVOUR. Personally I on't'ses' incrincs very' much different to what thej' were- towards , the «nd of last week, but several selling brokers have declared that fine wools are making [ id more lhan during the first two xulgifrte of th' 3 series. T3iis"no' doiubt is th^ out- ' cocne ti the very high prices paid . for j Qucerfslian-:] "new clip,"" and ' when "16d Jto lod i* -realised for greats' .wools <'t m«ikes' everj bedy talk. Such js w'ha*' we lia-ve [ soen th-.s week, an-d for once Coiconan street has outstripped Brisbane. EveryJbody "thcugh-t that at the 'sale there the firet week in July prices were very high. but London has gone one better both in ?rea s.3 and scoured. This; week 2s 2d has been paid • for several l% ots of combing and slothing for station-scoured, and Is Hd to 2s has been a cdmmpn .price. Last -week the best, scourods r br^y occasionally ra^d.e 2s, but. idurmgf. tie pa^t few dayjs the best wools have sold baiter, , aiid, these are now tjrd to Zd better than in TJiily. For bl:ese reasons he opinion upheld ..that fine wods ■re generally 5 per sint. better, than last we?k, .an-d- no. dcubjt in several ..cases this is true CItOSSBREDS SELLING UNCOM- ' XI ONLY WELL No complaint can be made at the wa/ rrossbrods are selling, and neither in greasy -fleecs nor slipes is ' there the slightest weakening. If anything, the tendency is th-p other way, everything selling at the hi&he.-;; point of the series. The homo trade cimrinues to giive the bast support, and I call all "qualities a.t "'least id" above the parity 'of lops in " Bradford. Thera continues to be the keenest demand for fir.-a grease for America,, and nothing can b« had' under 14d t tp, Zd . more than last •erics. There are no really jjood wools such as America buys, all ' teing medium in condition. Wools worth lid last series are . celling to-day mostly at 13d. and 13d wools in July can easily . b£ disposed of at 15d and ISjld. Medium ciossbreds are up l^d, MX? coarse Id to l^d: ' 'Slipes are exceedingly deia^, and ■■•the rise here is now an all-roui f d ljd to 2d, except for very short tears*?-, au.! these have Only appreciated (d to Id. What is wanted is length, and ' then the wools sell furiously The situ.-.-tions is. very lound, and all sections axe buying. So!d lfy Messrs Dv Croz. Doxat and Co., September 22.— Doable Hill— Forty-five bales grease first combing 124 d, 20 do second do lljd. Scoured — Thiriy-two baks first combing 23d. 5 do 22Jd. 64 second do 22ia, 4 do 21Jd, 38 do 21d, 40 first clothing 211<3, 3 do DP 2-2 d, 4 second do 21d, 20 first iieck«22Jd, 43 do pieces 22d, 29 second necks 21d, 14 first bellies 21Jd, 19 pieces 21id, 6 second do 2tAd. 25 second do 20 Ul. 16 pieces 20Sd. 8 std. do 17d, 20 locks 17d, 22 do l&Jd," 8 hahbrcd first combing 20Jd, 6 do second do 18-id, 5 Leicester Hid. Gerard : Scoured — Three • bales- fir&i combing 22Jd, 3 do 22d, 5 second do 21Jd, 3 do 22d. 3 "clothing 2Osd, 5 first pieces 21d, 8 A do 21Jcl, 3 first bellies 22d, 3 second do 21d, 7 locks 16id, 12 haJfbred super combing 21.Jd ; 12 do first eh Xd. 10 do A- do 20d, 8 do' eecond do 13d, 4 three-quarterbred do 15d, 5 Leicester do 12jd, 12 halfbred first pieces 20d. 14 do A pieces ISid, 5 do first bellies 19id, 4 do second do 184 d, 5 do pieces 15-Jd, 3 do second do 18d, 2 three-quarterbred do 13d. Sold by Messrs "Buxton, Ronald and Co., September 23.— Clayton : Greasy— Seven bales first combing l-2Jd, 30 do W 12id. 49 do F 12d. 10" second do lljd, 13 do njd. 8 do Hid, 5 firet clothing H 11 Jd, 11 do W lid, 6 do lOJd, 5 second do lid, 18 do lOJd, 18 do E lid, 3 combing 12Jd, 10 first pieces 12d, 8 scoured first halfbred combing 20d, 9 do second do 19£ d, i third do 18Jd. X.Z. »nd A. Land Co. over Kawarau- Greasy — Six bales A - combing HJd, - 5 first do AA Hid, 7 do- lid, 14 do Hid, 18 second do lljd, 37 do WJd, 31 second do lOd, 23 clothing- lOd. 7 scoured pieces 19* d, 3 do h»lfbred 19id,. 2 do A do 18d. HT over <s«latca: "Greasy — Kine bales' first halfbred 16Jd, 14 ,'do lod. 2fl second do -15d, 21 first crossbred 12i3. 25 "d0 lOd.-ll do Bd. 8 second do 13d, 4 I>W 9jd, 11 crossbred 81d, 8 first halfbred pieces lOJd, 3 do bellies 9d, 15 first crcsabred pieces Bd, 6 do bellies Tid, 4 second do pieces .6*4, 15 first crostfeed lambs lOd. • ' Sold by Messrs Thomas and Coot. Septem%er 24r-^-P. Acton Ad4ms over Clarence:

Greasj — Twelve bales first combing 11 Jd, 19 fcecqjitf.dojllid. 4-tbird- B.<x-&ld, t 10. ciothjng f lOd. 4 pieces ~9Jd,* 8 -scoured 4l 20ja, 10 ±J , bred,l?Jd,,3, B do li&. . „ .. PRICES fIIGHEK, lif BRAPFCHRD. „ 'Tk 'real outcome oi> the London Balesso far as it affects. Bradford is to be se-sn OL~tia&hp&icc <of SpTSrticalljf every commodity being quoted dearer, no holder being now p^epaf&a '. to* accept what 'he' would have t&kfen jop^ih6 eve of 'the" sates. Thai wool hasrgoh4 "deafer than the majority expected goes 'without' saying, and until users see a clearer, outlook . , they, are-, not going' to tfisk much". " There is really speaking no new feature. ( _ Cansuniption.'is 'being" maintained at the JiigJiest point, .but >U,,tibe- same there is a distinct, slowing down "in new bu&ii^s. It should be^ born* - i^ mind that' spinners in particular had "very largely covered. prospeotive : needs,' iand.-tJhe majority iaA^^conttaobSv running- fot tops- which, will meet- «lt fche demands of their spinning frames until the end of the year. In that case -they are - prepared to- wait, and the impression upon the minds 'of many ' : s that the present' "hunger" prices are not going to be ' maintained dn ,tbeit entirety. All • topntakeTs have advanced their prices in self-protection, and "to-day 28d is the very lowest that anyone -\rill accept for auper fWs. There is stjll^ proceeding a fa-iT iinijuify, but' topmakei's a>r6 finding 'that ? the 'struggle is* now J;oing to be' keen ■otf the ground of values. Wool in !London is T^gfavded as top dj£ai for this maricet, ■but <<here ar-a soveraf users" who must have | i;f. regardless of pr-'ce. Crossbr,eds are ex- * ceedingly firm, and the penny advance in . fleece 1 ' wools has strengthened materially the hands of holders Jiere. There 's a little' more doing on Continental account, and, taking things as a whole, conditions j are sound and healthy. There is still to ba done plenty of business, but the price qu^ion is what is troubling not a fsw. j Whether or no the wholesale trade ie going to follow London l'emaips . to be seen, and | manufacturers are finding . : t incca^ingly difficult to work a' a profit. Season's patterns are all out for n«xt spring ; lwaniifactuTcrs will soon ba beginning to ,< ! eliver their n«w cood-*, «.nd to have to "issue r.' w pries will <lo no goc<l. Muhair '^ c"-oing liMle else than mark time. Spinning frames kopp mostly bney. but in> the raw material thore 'S rather less doing. Alpaca lately has been morC? active, nnd prices are slightly dearer. Noils also have' appreciated about' Id per lb since a month ago, and' an increased turnover lias beau clone among foinnel manufacturers •in particular. Taking things all round, tho situation is healthy and sound.