COMMERCIAL.
THE LONDON WOOL SALES.
By telegraph—Press Association—Copyright London, Jan. 23. At the wool sales, the Arcoona clip sold at 6 5-Bd, Fairfield 6]d.
Tho bank rate of discount has been lowered to 34 per cent. Tho pross approves of the Commercial Bank of Australia reducing its capital. By Telegraph—-Press Association. Wellington, last night. At to-day’s wool salos about 1400 baleT' - ® - were offered, tho bulk being sold at an advance of fully 4d per lb for good bright crossbred, while inferior and dingy crossbred advanced ]d to |d.
A SATISFACTORY ADVANCE,
The New Zealanl Loan and Mercantile Ageucy Company received the following advice yesterday in reference to the wool sales : — 11 Tho sales opened at an average advance of 5 per cent, on last sales’ closing rates for merinos and fine crossbreds, and 7£ per cent, for coarse crossbreds. Competition by both Home and foreign buyers is active.”
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/GIST19020125.2.28
Bibliographic details
Gisborne Times, Volume VII, Issue 323, 25 January 1902, Page 2
Word Count
148COMMERCIAL. Gisborne Times, Volume VII, Issue 323, 25 January 1902, Page 2
Using This Item
No known copyright (New Zealand)
To the best of the National Library of New Zealand’s knowledge, under New Zealand law, there is no copyright in this item in New Zealand.
You can copy this item, share it, and post it on a blog or website. It can be modified, remixed and built upon. It can be used commercially. If reproducing this item, it is helpful to include the source.
For further information please refer to the Copyright guide.
Log in