COMMERCIAL

Taranaki Daily News, Volume LIV, Issue 136, 30 November 1911, Page 5

COMMERCIAL

LONDON WOOL SALES. By Cable—Press Association—Copyright. Received 29, 11.15 p.m. London, November 29. At the wool sales 9236 baits -were offered, comprising an excellent selection of choice'merinos. There w«w a good attendance, an excellent spirit and keen (Competition. For best merinos the October rates were fairly liuiint-iiimxl, but the Average qualities were from par to five per oent. easier. Scoureds were unchanged q""* croeebreds from par to five per cent, dearer. Americans operated in crossbreds a®d fine merinos. NAPIER WOOL SATm By Telegraph—Press „ . ' , Last Night. ihe first of the wool sales in Napier was held to-day. There was a large and representative gathering, there being .buyers from America, wlw> operated for wool suitable' to their country. Among .the Bradford: men several new faces were to be noticed, and the Continent was represented by four French buyers and one from Germany. The sales opened with a good swing, and bidding continued rfnimated throughout all the catalogue. The result was that viery tew Ws were pissed in, the sales bein* in this respect the most notable thai have been held for some years past. Contiary to expectations,.the prices realised did not show any material drop. Prime rolls were only from %d' to Id lower than last year, while coarse crossbreds showed practically no change. In explanation of this fact it should b<j .borne m mind that the wool offered to-dav was in better condition and better grown than last year's dip, and would probably have fetched higher prices had the state of the market been .equally favorable. I Here was exceptionally good demand for pieces and bellies, and on the whole growers have every reason to be satisfied with the financial results of the season's ShwiTJJTg.

The rini«« of prices was as follows: UM/ re ! iff 8 , cond ! tlou > bright, up to nn/V'J ? llietl ' Um COlKlitioil, up to 9%d; fine crowlwed, light and bright. „p to lOd, medium crossbred, up to 1) vdcoar* crossbred, up to B%d; CM „ e and inferior crossbred, up to 7y g d; pieces and to B%d t0 9<l; laml>S ' WOol > U P

H WARD AND CO