LONDON WOOL SALES.

Gisborne Times, Volume XXVII, Issue 2534, 22 June 1909, Page 6

LONDON WOOL SALES.

OPENING OF THE THIRD SERIES

ANOTHER ADVANCE IN ALL ; QUALITIES.

I CONTINUED GOOD OUTLOOK. (From Our Special Correspondent.) i V LONDON, May 7,1909. Seldom lias. more interest attached : to aiiy series of wool sales than those 'which commenced last Tuesday afternoon a very lively spectac:o being preSffil ol L floor of Coleman St roe ■Wool iLrchange, whore buyers from all ! (marten were to be seen actively com- | netirm } fch each other for the raw material? / Whatever may be said' about other tildes, the wool industry cannot the charged with quietness, _ and the • woollen and worsted trades have been Ipractica’lv the first to. emerge from the late season of depression All mills m %Bradford are exceedingly busy, the woollen industry is m a - mid thne’ ; factories generally running full tune and in many cases overtime, the same ji thing obtains on the Continent, an 'hftest reports from America. ■ indicate ! »7t.io of briskness. Undor such con- ! ditions there :s no wonder that the en f tire trade came together prepared to : buy, and when decent catalogues arc ! submitted we are certain to see a Y«y ! lively time.

A GOOD VACATION. 1 Perhaps we cannot' do better than l « ay a few words about the vacation. \ readers of this issue will have [ seen from our past weekly otters that f +bf> rreneral course of wool markets in ■ ( b av e all shown a strong upward tern denev This has been due to free saics i if Sol and top?, and rc 1 neatedlv purchasing, such marke t Bradford have all along presented signs of life and activity. It is safe to s. y ! that a larger weight of "top contracts > are standing to-day on the hooks or ; Bradford topmakers for delivery up to ; next October than there has ?■ at any previous time in the history or t the track 1 , and with spinners buying so : freely means that such sales will have to bo partly covered at the series. Perhaps we cannot do bettei I than show what lias been the course of prices during the interval, and the fo - \ ]<,wine- table shows where values • stood ? a t the close of the last senes, and at I the opening of the current series, for s good standard descriptions of tops on : the Bradford market: :

QUANTITIES AVAILABLE. It is a well-known, fact that the list !. of arrivals has been watched with great |• interest for a montlf. past, and wool has come to hand in a very free waj ! ■ Hi deed. In this respect the trade has expressed a little surprise not. so much : as to the quantity of Australian meni ]:O3 available as to the large quantity o, New Zealand wools which are to hand. The present series is really one to ; crossbreds, and the trade will be ask- ? od to absorb a very large quantity . in addition to the 101,000 bales available from New Zealand, there are also lb, ■ . 000 bales from the s f nn cl Punta Arenas, and as these are ? double the size of Colonial bales it r ■ •'obnk.c that there" cannot be iany I^-s : toi thin w0,,13 Ml 140,000 bales the '' s i ze ‘ of those from • New Zealand. I the trade later on .shows-the least signs ; of being filled up, merchants and brokers will no doubt withdraw* a poition ! of the tvool evailnble imtillator on m 1 the vear, for however good the tiade, - there is a need for giving users time xo tarn round with their very large in S. The following table shows the oross arrivals, the forwarded dnect wools the net quantity,. and also the New Zealand wools, which are rucludec in the net quantity available lor sale at the third series during the past few-'

The outstanding feature in the above ]is£ is the much more rapid movement -Of an Australasian clip of wool, than obtained some ten years ago, the current season breaking all records. A feeling of satisfaction obtains that today’s values arc * safe, notwithstanding that in all manufacturing circles there is at present a large weight-, of unconsufned stocks, but as these..are practically all mortgaged there is no uneasiness "felt of supplies breaking down values.

A SPLENDID OPENING. Tuesday’s sale was splendid, and alii though tiie selection was rather miscellaneous, vet competition was. of the liveliest character possible. When com-* pared with the close of the Marat scries the following changes were seen : Merinos ad , liighei. Fine crossbreds I'd » Medium 'ld to Id ~ . ,Coarse ~ i c { ,v Hliped ~ iu ” Lambs (all qualities) to lcl ~ Capes . ‘ id - 1 ” .The. most rise was seen in second rate wools of 46’s to 50’s quality, , winch . America,took, the rise often being lo ' per cent over last series. Succeedin" sales ihave seen merinos make; rum:5 7)or cent more, and everything is d 0... ... in£ well.. The Continent is active m .. .merinos, and so hr the Home trade,.■—every description of wool -doing better than last series. • ■' - Sold .by Messrs--Thomas and Cook ” lirr.i: y. 16 A <-r>>-(i. 114(1; 51 *, 1* do 9d; 8 do, do .84(1; -50 C do 81(1; 6 (Will .(cool, ..light, sound and good. _

March 24. Mav 4 d. d. 1 70’s Colonial tops ‘274 281 264 27^ > y ’’ super. 254 264 ; go’s 06's , f>0’s r } ? , . „ v ordny. 24 zo • average 204 21 ,, 17 1 ‘ -2 \! -prepared 14 1 r 4'6’f> .. carded lot i* prepared lo 1H l4 ? s .. carded 12 . 4(Vk prepared 12 l"t 40’s 1 '36’s r os's 7 y .. carded . lit la 3 3 prepared lit. : 1^ ;• W5 _ 11 .

years: — O g ' ■ r ,: zn 'Tj* C3 r3 c5 ’-M o r ■ CS ' •• .o . Zl M2 C3 . CsJ . c 1 M5 O O £ Cj 6 • Bales. Year. Bales. Bales. Bales. 1909. 377,500 213,000 101,200 177,500 1908. 318,000 132,000 147,000 ■263,000 1907. 352,000 197,000 95,000 160,000 1906. 316,000 166,000 91,000 .157,000 1905. 296,800 150,000 86,700 165,500 1904: : 297,500 128,500 82,000 183,000 1903. 304,000 113.000 79,000 208,000 1902. 367,500 •I39j000 82;900 239,000 1901. 255,800 52,000 90,400 262,000 1900. 262,000 77,500 85,000 290,000 1899. 255,800 82,500 56,900 185,000