LONDON) WOOL-SALES.

New Zealand Journal of Agriculture, Volume XII, Issue 4, 20 April 1916, Page 332

LONDON) WOOL-SALES.

The following are the High Commissioner’s cabled reports regarding the London wool-sales, received since those published in the February issue of the Journal . SECOND SERIES. ' 29/2/16. —The wool-sales commenced with good competition for coarse crossbreds and medium crossbreds, although the high prices ruling are making buyers cautious and reluctant to bid freely. Prices are slightly lower than at the close of last series, but better bidding is anticipated during the next few days. For fine crossbreds and merinos the market is a shade weaker, with prices id. lower. 33,000 bales of New Zealand wool are catalogued. . . 17/3/16. -The wool-sales closed firm at the lower prices established, after having been 10 per, cent, lower. Prices recovered slightly, and present quotations

for medium and coarser sorts are i|d. to 2d. below the closing rates of last sales. Finest grades about maintain old prices. 8,000 bales have been taken for export to the. Continent and Russia. America is not operating. Estimated values are as follows : Fine crossbreds, is. Bd. to is. nd. ; medium crossbreds, is. 6d. to is. Bd. ; coarse crossbreds, is. 4d. to is. 6d. ; superior merinos, is. yd. to is. gd. ; medium merinos, is. 4d. to is. 6d. ; inferior merinos,' is. id. to is. 3d. Future prospects are good at these lower prices. 3,500 bales of New Zealand wccl were held over. THIRD SERIES. 11/4/16. —The wool-sales have commenced. There is great competition for all wools, but buyers are cautious on account of the high prices and uncertainty as to attitude with regard to limitation of future contracts. Values average id. lower than the closing rates of last sales. 56,000 bales of New Zealand wool are catalogued. ' 15/4/16. — firm, with hardening tendency merinos . |d. dearer, crossbreds unchanged. THE HOP-MARKET. Reporting on the hop-market in London, under date Bth February, thejHigh Commissioner states :- " Owing to recent licensing, legislation (which considerably restricted the hours for the sale of alcoholic liquors) the market for hops has been rather dull. During the past fortnight, however, the demand has considerably improved, and holders of hops are now firm in their demands for any lots they may have for sale. ) I do not anticipate, however, that prices will advance to any extent.”- :■ The High Commissioner’s cabled market report,' dated 15th April, gives the following information regarding hops : “ The market is quiet but firm. Stock is small English per cwt., 130 s. to 1505.; Californian, 100 s. to 1205.”