COMMERCIAL.

Stratford Evening Post, Volume XXXII, Issue 51, 24 February 1912, Page 5

COMMERCIAL.

COAIAIERCIAL BANKING CO

.Sydney, February .23.

A special meeting of the Commercial Banking Company, Sydney, decided to increase the capital to £3,500,000 by the creation of 20,000 additional £2O shares.

INA r ERCARGILL AVOOL SALES

(Per Press Association.)

Invercargill, February 23

The last wool sale of the local series to-day was poorly attended. There was a small catalogue of 4000 bales of wool, many of which were passed in. The New Zealand mills were represented, and there was no direct American competition. There was not a good selection offered, and prices showed a drop of Jd to id all round. The bulk of the wool sold was bought by Bradford buyers. Prices, however, were not on a trade basis, the purchases being made really for speculative purposes on the chances of' a demand later from America.

Latest advices from the Continent indicate that wool there is down. Buyers state that the labour troubles have knocked the bottom out of the market, wool being a very sensitive barometer, and in view of the Continent strikes it is stated that the final sale at Wellington is likely to be seriously affected.

N.Z. Loan and Mercantile Agency Go’s Weekly Report. , The New Zealand Loan and Her-' cantile Agency report having held a wool, skins, and hide sale at Stratford on the 13th instant, when they offered a catalogue of 67 bales and 16 sacks wool and the usual assortment of sheepskins, hides and calfskins. Wool: This consisted chiefly of coarse wool. Prices for fleece wool were on about a par with our previous sale, but lambs’ wool was slightly better. Prices realised were as follows: —Medium crossbred to 7!|d, coarse crossbred 6-pl to 7d, seedy crossbred to 6Jd, medium lambs up to 7fjd, dead wool up to 6J-d, crutchings up to 4Ad, bellies and pieces up to 4pi, locks 3id.

Sheepskins realised satisfactory prices. Calfskins made up to per lb. Our next sale will be held on March 14th.