LONDON WOOL SALE.

Colonist, Volume XLIX, Issue 11938, 18 May 1907, Page 4

LONDON WOOL SALE.

Received May 17, 10.12 p.m. London, May 17. At the wool sales the following were the average prices realised for the fleece portions of the clips named —Richmond, 9%d ; Kawarau, lOJ^d ; Poporangi ll^d. The qunatity of wool sold to Home buyers was 91,000 bales; to Continental buyers, 51,000 bales; to go to the United States, 4ooo; held over, 15,000 bales. Merinos wei; with a strong demand throughout, and all medium and best^classes cleared at 5 per cent above "the March rates. Short and faulties barely maintained the March rates. CroEsbreds fully recovered their opening decline and { all classes are now fully equal to the March rates. Good merino lambs' advanced from par to 5 per cent; faulty declined 5 per cent; and crossbreds declined a half penny.