COMMERCIAL

Gisborne Times, Volume XXIV, Issue 1935, 17 November 1906, Page 2

COMMERCIAL

PENNY RISE IN WOOL. IMS-**?* ’ PRESS ASSOCIATION Wellington, last night. Tho Department of Industries and Commerce has received the fallowing cable from the High Commissioner, dated London, 16th The wool market is firm, with a hardening tendenoy. There is a general active demand for all grades. The reoent decline in prices has been recovered, and future proßpeots are good. Current Bradford quotations for tops are thirty sixes (low orossbreds) la 4d lb, forties ('ow crossbreds) Is 53. forty-fours (medium crossbreds) Is fifties (half, breds) Is 93, fifty sixes (quarter brads) 2s o£3, Eixties (merinos) 2s 2£3.

The N.Z. Loan and Mercantile Agenoy Company, Lth, yesterday received the following cable from their London offioe : —Wool: Prices have advanoed one penny< Market generally is better, and likely to eoniinne so.

WELLINGTON WOOL SALES.

' ADVANCE IN PRICES. PRESS ASSOCIATION Wellington, last night, The first wool sales of the season were held to-day, 1503 bales being offered by various brokers. There was a large attendance of buyers, and the wool as a whole was better grown than last year, though heavier in grease. There had been some reason to fear that to-day’s sale would open badly owing to low prices which had been offered privately for clips of crossbred wools ; but prices went upi to a high level, higher even than vendors' ideas of current values.

Half-breds, of which there were only a small offering, were strongly sought for. Light Romney skirted sold up to llid, and unskirted to lid. The following is the range of prieos ourrent: —Half bred, fair oondition, lid to lljd; ditto, inferior and pkirty, 9Jd to ney bright light condition, IOJd to ll£d ; ditto, medium and wasty oondition, 9£d to 9£d; crossbred ooarse, bright and clean, 9fd to 10£d; ditto, wasty and skirty, B£d to 10£d; pieoes and orutohings, good, 6£d to 7£d; ditto, waßty, 6Jd to 6d : looks, 2£d to 4-Jd. As oompared with prioes realised at the November sales last year there was an advanoe of three farthings on half-breds, and on fine medium and ooarse orcssbrods.