COMMERCIAL.

Taranaki Daily News, Volume LV, Issue 245, 6 March 1913, Page 3

COMMERCIAL.

I WOOL SALES. i IBy Cable—Press Association—Copyright. London, March 4. The wool sales opened strong at par. There was an advance of 7%d. Bank ol New South Wales £3B to £4O; Union, £nfi to £SB; National of New Zealand, £5 os to £5 15s. The Bank of New Zealand has received the following cable advices from its London office: —The sales have opened with strong competition and large attendance of buyers . There is a good I demand for all kinds of wool. Total quantity New Zealand wool available 75,000 bales. Prices for medium crossbred and coarse crossbred are higher 5 per cent, to 7Ms per cent. Fine crossbred | prices are unchanged. j HIGH COMMISIONER'S CABLE. i By Telegraph—Press Association. Wellington, Wednesday. The following is the High Commissioner's cable, dated London. March 4, regarding the opening of colonial wool sales: —The wool sales have commenced with a large attendance of buyers. There, is great demand in the market. Home and Continental buyers competing freely. American buyers are cautious on account of the uncertainty regarding i tariffs. For consumption there is a large demand, exceeding the supply .The market is strong, and all stocks are advancing. Merino fine crossbreds are unchanged; medium crossbreds and coarse crossbreds. a half-penny per lb higher i than last sale; 70,400 bales of New Zca- ' land wools were catalogued. I The following are values at the {close of the first series of colonial wool J sales, dated London, .January 29, 1S1.1: ) Superior merino, Is iy 2 d to Is S'/od ] per lb; medium, lid to Is Id; inferior I Od to 10V!>d; fine crossbreds, Is Id to Is J S'/id; medium, lid to Is I'/mI; coarse j O'/jd to Is Id. j LONDON WOOL SALES. J The local branch of the Bank of New | Zealand has ben advised of the receipt of the following cable from London: The sales have opened with strong comI petition and large attendance of buyers. ! There is a good demand for all kinds of wool. The total quantity of New Zealand wool available is 75,000 bales. Prices for medium crossbred and coarse crossbred are 'higher by 5 per cent, to 7'/> per cent. Fine crossbred prices arc un- ! chanced. I "