COMMERCIAL.
LONDON WOOL SALES. The New Zealand Loan and Mercantile Co. has received the following cable from its London office: Wool Sales.'—l3o,ooo bales wool sold at wool sales; 46,000 bales taken for Continent and 4000 bales for America. The sales closed with good competition. As compared with last sales' closing prices are higher by from par to 5 per cent, for coarse gre'asy crossbred and crossbred Blipe.
The Bank of New Zealand has received the following cable from its London office:—The sales have closd weak, with prospects uncertain. Political events on the Continent have quite depressed the market. Total quantity held over 26,000 bales, of which 9000 are New Zealand. Compared with the opening of the W. serie? prices for tho following descriptions arc 5 per cent, lower: All kinds of greasy crossbreds.
HIGH COMMISSIONERS' GABLE. Wellington, Tuesday. The High Commissioner cables from London, under date March 20th: — Mutton.—The market is quiet, but rather steadier. No change in prices. Canterbury -1 Jd, North Island 4d. Lamb. -There is better demand for Easter. The market is steady last quotation?. Canterbury (3£d,®B other than Canterbury , r >gd. Beef.- -The market ia quiet, but holders are firm. Now Zealand hind3gd, forcquarters .'{.id. Butter.—The market is weaker, and has a tendency downwards except for New Zealand, which is quiet but firm. Choicest Now Zealand 119s salted and 121s unsalted: Australian, Argentine and Siberian 109s; Danish 130s ' Cheese.—Market prices are slightly 1 weaker, with less demand. The average price for the week for finest New Zealand chose is 01s (id for while, 61b coloured.
Hemp.—The market is depressed. Manufacturers are oporating very moderately. Prices were nominal at last quotation—viz., Spot N.Z. good, .£34; fair, .£'?] ; fair current Manila, ,£H3; forward shipments of N.Z. good, fair, £.'?4 10h; fair, .£3l 10s; fair current Manila, .£!} l 10s, The ouptut from Manila for the week was 22,000 bales.
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King Country Chronicle, Volume VII, Issue 553, 26 March 1913, Page 4
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309COMMERCIAL. King Country Chronicle, Volume VII, Issue 553, 26 March 1913, Page 4
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