THE LONDON MARKET.

Colonist, Volume LIV, Issue 13410, 7 May 1912, Page 8

THE LONDON MARKET.

WOOL SALES CLOSE

[ Pkess Association —Copyright. ]

London, May 5. Tho High Commissioner reports on the- London, market as follows:— i Rabbits are dull, and prices are un- | channel. { .SluSop: Canterbury and Southland aro unchanged; North Island, 3Jd; best brands, 3ijd. New Zealand ewes are unchanged. Lambs: Canterbury, light 5-Jd, medium to heavy sfd; selected brands oijrl. Now Zealand beef is unchanged. Australian sheep aro unchanged. Ewes, 3 3-8 d; lambs, best brands, s ; \d; fair quality, 5Jd; inferior quality, sd. Australian beef is unchanged. South American sboop aro unchanged. Lambs, first quality s£d, second quality sd. South American beef is unchanged. Chilled fores. 3*d, hinds sd. London, May 5. Tho wool Bales closed # with a large attendance, and competition keen. Coarse crossbreds Avere very keenly competed for at average January rates. Fino medium crossbreds we're five* to ten per : cent cheaper. '. Scoured slipes .showed a five per ce'ns advance. All the Merinos closed strong at five per cent deerer. Lambs' wool was in good supply, and Merinos advanced five per cent, and crossbreds maintained the best January The number catalogued was 269,387 bales, and those sold: Home, 141,000 bales ; for the Continent, 100,000 bales ; for tho United States, 12,000 bales. The number of bales held over is 10,250. ■ . For Moawhango brand the. top price was ll*d, average 9|d; Hauini, lOd, and BJd; Toko, 9d, and 8 3-Bd.

Messrs. E. Buxton and Co., Ltd. advise having received the following cable Prom their London agents (Messrs. Sanderson, Murray and Co.) with reference to tho close'of tho second series f April-May) of the London wool sales: — ' "Salw closed with 20,000 bales held over. Compared "with closing rates of ■ast sales best descriptions of Merino advanced five per oeut. Coarse greasy crossbred par to fivo per cent advance. T>est descriptions of fine greasy crossbred showed no change. Greasy, medium, and wasty and inferior crossbred declined five per cent. All other descriptions firm, but showed no material change."