COMMERCIAL.

Press, Volume LX, Issue 11499, 4 February 1903, Page 9

COMMERCIAL.

(Received February 3rd, 3.40 p.m.) LONDON, Februaiy 2. ThD wool ea<es have closed, vitii dull demand and large withdrawals. Messrs Daljjety and Company, Limited, •have received tins foilowinj cuble meesuge from their London Office, under date February 2nd:—"The wool sake closed fairly maintained, bui lately repented rates are hardly iraiDtaiced, p3rticularly for medium amd coarse crosabred wools. As compared <with closing ratee of last series, greasy merino wools are unchanged with tho exception of broken fleece, pieces, bellies, and locks, for which prices are on the Bverage i> per ccc*. hig'htr. Heavy and earthy wools are lowtr by 5 psr'cent. Scoured merino wools in general are nt par to 2£ per cent, higher; Idee light free descriptions of greasy cicssbred are uiicnaug«d, mcu;mn mid coarse greaisy crossbred and woured wossbivj wools are 5 per cent, higher; hmib'.s woul is also 5 per cent, higher. The total colonial wool a*ailabie, including oid stocks, w-js 141,00'J bales, uui of niik'h some 65.0C0 baits have been *o!d for Honw coctiuniptinn, 'baits for the Continent, und 4000 DaU-s ior America, Ka-ving 14.0C0 bales to bo ciii Tied forward to tilt next series.' .

T/w New Zealand I/oan and Mtxcautile Agency Cumpany have itceived the foilowjijy cable from London, dultsl 51st Jsuiuary:—"Wool.—The salt's cloi-ed atabout, par to 5 psr cvnt. higher for h'n<? greasy croE«bred uhtl scouud mtrino, about 5 I>er cent, higher for gJtasy msiino »uj)«r, crossbred slipe, medium, and greasy crossbred aud scoured crossbred, und about par to 5 per cent, lower for gieasy mtrino jiitdium ;jid inferior. The ssles u.t the opening were etrong, but became weaker towards tlie close."