COMMERCIAL

Taranaki Daily News, Volume LV, Issue 111, 26 September 1912, Page 2

COMMERCIAL

1 WOOL SALES. j By Cable—Press Association—Copyright, j London, September 24. j The, wool sales opened strong.at par I to 7Mj per cent, advance. j The Bank of Ne>\v Zeaand has received j tho following cable advices from its London office.—"The. sales 'have opened j with strong competition and large at- 1 tendance of buyers. Total net quantity j Xeu" Zealand wool available To.ooo bales. ' The market is strong for all kinds of • crossbred and slips, prices are 5 per cent, to 7 1 /; .per cent, higher. HIGH C'OMMISSIOXF.irS REPORT. By Telegraph. —Tress Association. Wellington, September 2">. The- following is the High Commissioner's cable, under date London, September 23:

i Wool: The sales have commenced I with a large attendance of buyers and • general and active demand. Supplies ("vill bo moderate, but trade is good, and the market shows signs of strength. .Merino wools are very flrra at former whilst crossbreds are y.d to %d higher than,at last sale; 77,000 bales of ,New Zealand wools an; catalogued and (prospects are favourable. The estimated lvalues of New Zealand wools at the close, of the third series of Colonial wool 'sales, held in London on August 2. 1912. [were as folovs:—Superior merino Is to 'ls 2d, medium fl'/ s d to liy>d. inferior 7'/,d to 9d, fine crossbreds is to Is 2y,d. medium OVL-d to Is and coarse Sd to lid.