LONDON WOOL SALES.

Gisborne Times, Volume XXVII, Issue 2406, 22 January 1909, Page 2

LONDON WOOL SALES.

PRICES WELL MAINTAINED

iFrom Our Special Correspondent, j LONDON, December li. The -sales are coming to a close, and two more days’ sittingsywrll .see .ah ■end so far as 1908 is concerned. There continues to be about the sale room a very creditable display of life and activity, and for all good wools the best prje.es of the series continue to be made. All sections continue to operate as freely as ever, though I hardly think that America has been as keen this last few nights as on previous .occasions. Both France, Germany, and Belgium arc as .active as even, and tnere ■is on . all sides a steady iclearance ■of the catalogues, with hardly anything being withdrawn. The better selling of wool has induced many speculative lots to be put up, and some of these failing to real-ise-ownors’ ideas have been taken in. Last Monday .and Tuesday a little weakness ‘was shown in very shabby, wasty, seedy wools, a great many buyers with , the log on Saturday having -gone home, and not returning till Tuesday night. Then the offering-; were hardly as spicy, the big quantity of medium and faulty wools causing buyers'to discriminate'a little between- the best and the next best. Some decent picking tip .was done both on Monday and Tuesday, but all straight lots of both grease and scoureds., particularly the former, stiff sold at the best nri.ces of the series. During the last two nights several Home trade buyers who have been, waiting to see tilings ease off nave been compelled to Jump in, consequently tliere is back the same brisk bone and spirit- of (lie previous weeks. The Continent has surprised "every - bod- by its continued activity, and there seems to be no end to its ability to purchase wool. The greatest demand seems to be as already said for good greasy descriptions, and tins week I hardly think that scoureds have sold like they did, at least making tue extreme prices of last week. The- Home trade has taken freely all classes, and their purchases at the end will lie considerable. Crossbreds are selling as well as ever, a large quantity of slim's having been catalogued this week. The Continent has bought more freely of these this series than for many montns back. All Cape wools remain unchanged, anything decent in the grease .selling the best. GOOD CLIPS AS DEAL AS A YEAR AGO. The range of prices in. .London for good merino clips is by no means low, and even brokers themselves never expected to see realised the figures that have been paid for some of Australia's best grown clips. The writer has watched their sale witn interest., and the outstanding feature of the series is the great, readiness which has been displayed to acquire stock. To say the least, wool has sold well, 'everything being sensibly better than at the last series. Nothing lias hung fire, all descriptions alike being devoured with great readiness, .and it is some satisfaction to know that the boards have been swept clean, ami that the carry over is reduced to a paltry few thousand bales. The majority of people seem to think that because there has been a big slump in wool prices are still cheap, fabric buyers especially entertaining an opinion that there is nothing to be alarmed at with the increase in rates.

THE BRADFORD MARKET, STEADY PRICES. Bradford is maintaining a fairly steady front, but that is all that can be said. A ' good deal of surprise is being expressed at the continued firmness in London,, and that is undoubtedlv proving a material factor ill the situation. 'At the same time it is only fair to say that quotations are not being maintained at the highest point, and there is ni/Ore than suspicion that weakness on the part of topmakers is- showing itself. Alter the great spurt during the first three weeks of last month topmakers put up their price to pretty high limits, entirely in self-protection, but it is questionable if they were ever made; in fact, plenty freely admit that they have never sold a pack at the high prices they were asking. This week they have seen fit in many eases to lower their quotations, and are again to market price. Last Monday good 64’s standard tops from some of Bradford’s biggest firms were actually sold at 23Jd, and Hid for 40’s. This shows a decided disposition to do- business, and the prices are such that even London does not warrant. The opinion is held very strongly that wool is being bought cheaper in Australia than it can be had in Coleman Street, and this accounts for topmakers again being willing to sell, both for spot and forward delivery, at very seasonable rates. During the past fortnight new orders have been very scarce, most topmakers having sufficient work in hand to last them for some time to come. The concern of the trade seems to"'be to obtain larger supplies of the raw material, and while'sonic-arc yet hoping for cheaper wool, still there is not much likeliness of any fall at present. Imports are beginning to arrive, and tin; woo) looks cheap compared with Loudon purchases. Spinners are hotter oIF for work, but all the same things arc far from healthy,, and much greater weights of yarns could be turned out if particulars were forthcoming. There is much complaining in; this department, and all alike affirm that there has been no corresponding improvement in yarns like there*, has been in wool and lops.. It is this fact which causes many to express doubt o-ver the prcinaneuce of , the recent rise when the weight of woof comes to hand. It is certain that stocks

•will hkvc to clear pretty quick m order to satisfy banks, lor they are determined to have a different time to what was. experienced early this year. Mohair hay recently been more attractive, especially Cape descriptions NORTH CAHLTON, VIC. J. Hargrave, 827 Drummondstreet, North Carlton, _ Melbourne, Vie., writes:—“Last winter 1 was suffering about two months with a very severe cold. ’ I could hardly speak above a whisper, in fact, some of my friends said I would lose my voice altogether. After trying about half a dozen remedies, I chanced to see an advertisement of Dr. Sheldon s New Discovery. I tried it, and used four bottles, which completely cured me. Since then I have recommended it to lots of people with good tresud.s. I have three children, and whenever they get colds, Dr. Sheldon’s Now ’Discovery is the stuff for them. Dr. Sheldon’s New Discovery for Coughs and Colds is an unequalled-pre-paration for the cure of all Chest Complaints and Lung,Troubles. .Price Is 6cl and 3s per bottle. Obtainable everywhere. - ■