COMMERCIAL.

Taranaki Daily News, Volume L, Issue 322, 24 January 1908, Page 3

COMMERCIAL.

LONDON WOOL SALE. London, January 22. At the wool sale 7U74 bales were ottered, mostly merinos. There was a splendid attendance and keen competition. Hie demand lor best merinos was very lum, with a hardening tendency. Prices lor top-making sorts are unchanged; for very laulty, 5 per cent, below December rales. A small selections of crossbred.! was j per cent, cheaper. Merino lambs' wool was '/jd dearer.

LONDO.N MAKKETS. London, January 22. At the tallow auctions 1107 casks were offered and 144 sold. Prices showed a decline of (id. Copper.-On the spot £O2 17s lid. three months £O3 10s.

Tin,—On the spot £l2l 15s, three months £125 15s. Lead, £l4 los. Wheat.—American visible supply of wheat is 00,025,000 bushels.

\ioul.—There was keen competition at the wool sales. All qualities maintained full opening rates.

UKUI COMMISSIONEKS KEPOKT. Per Press Association. Wellington, Thursday. A cable from the High Commissioner dated January 22nd states:—The Wool sales have commenced. There is active competition except for heavy and inferior classes, for which prices are '/-A lower than those quoted at the closing of last sales.

DUNKDIN WOOL SALES. ! Dunedin, Last Night. The second of four wool sales which take place locally every season was held in the Agricultural Bindings to-dav. Seven selling firms came forward with catalogues comprising 17,080 bales. At the corresponding sale last vear the offerings totalled 10,410 baes." It was expected that prices would show no rise and possibly a slight decrease on those ruling at the sale held on December 19, and, gcneraLty speaking, sellers' vauations were based on the rates then obtained. To-day's sale however, made it evident that buyers' limits have not been reduced on account of the decline in London, and the spirited bidding for good wools showed that buyers were keen to obtain lots of this description. Local mills took the bulk of' the line wools, while representatives of Bradford houses took most of the coarser wools of bright quality. Inferior woobi of a wasty and earthy description are no better; in fact, in some cases they arc a shade lower, there being practically very little competition for them. On the other hand, bright lustrous wools, both fine and coarse, show a rise of from '/„.d to %d per ll>, and in a few cases even up to Id per lb. Coarse matted wools, if light in condition, arc fully y.c per Hi higher, while pieces also show "ji rise of i/id to %d.

Melbourne, January 23. Hides-Stout and the heaviest mediui are very linn; kips are dull.