COMMERCIAL.

Taranaki Daily News, Volume LI, Issue 285, 26 November 1908, Page 2

COMMERCIAL.

LONDON WOOL SALES. Received 25, 10.55 p.m. London, November to. The brokers' catalogue numbered 0051 bales. There was a good selection ot merinos but a poor one of crossbreds. There was a huge attendance of American and Continental buyers, who were active, but the Yorkshire buyers were reserved. The average for merinos was fully 5 per cent, above the average September closing prices for sorts suitnb e for America; 10 per cent, for top-male-ir> sorts and crossbreds; aud 10 per cent for sorts suitable for America.

AUCKLAND WOOL SALES. A IMG ADVANCE IN PRICES. Bv Telegraph.-Press Association. It is estimated that the rise at today's sale is equivalent to an increase of 3d" .per Hi on the finer wools over the closing rates at the final sale of the Reason in February last. Throughout today's sale the bidding was spirited fo> all' bright and showy wools, while Shropshire* also sold exceptionally well, S%d per lb being received by the llatakohe wool-growers. The only lines where competition was weak wis amount the coarse wools, but even here the increase is l'/ a d over the closing rates of the February sale. In addition there has been a rise of about a haltpennv all round over the prices realised at the southern sales last we?k, and altogether the position is regarded as' extremely satisfactory and likely to have a far-reaching effect on business generally in the Auckland province.