COMMERCIAL.

Taranaki Daily News, Volume LVII, Issue 149, 19 November 1914, Page 4

COMMERCIAL.

WELLINGTON WOOL SAIiB& : , HIS[E IN iTRICHES. I By Telegraph.—PerPress Association/. . Wellington, Last Night '. ; • In view of the excellent prices reali' ' ised last week at tlie first New Ze*-"' land wool sales held in Oiristchurcii ('■ ■ll. was expected to-day<a opening «le m Wellington would provide aetW •competition and prices favor Belters. ' ' This anticipation was fully home our, * - ' (prices realised running from one penny >' 1 to three halfpence above opening sale' '/. rates last year. Nearly 12,000 hues' ■' were submitted, and there was a luge "'■' assemblage of buyers, but although ' . buyers for France and Belgium wero" '""" not barred, those wiho mode bidding to-day were practically all Bradfpid ' ■<. representatives, plus New Zealand biyera, and buyers for New Zealand mills. The top price in the sale was srcured by Levin and Co. for a line of six bales of Soutlulowns from Mr. Jas. 'Knight, Fcilding, which brought 14« d per pound. The, same firm also obtained 13y 3 d per pound for a line of.Wairarapa crossbreds from Otatinao station, and this is believed to be the top pries 1 for this description of wool Tie sale was conducted subject to the New Zealand competition regulations prohibiting sales to persons representing enemy countries. . The prices real- * iscd to-day really represent those ex- ! pectod to be realised at next January Ifealos in London inasmuch as the wool will arrive Home about that time, and buyers are not likely to pay a higher price now than they are likely I to be able to buy at then. J The wool came from Marlborough as I well aa from the Wairarapa and other [Wellington districts. It was generally •well grown, hut carried a fair amount of grease, due to the very dry weather of late.

' The following is the range of pricw realised at last December sales and today's respectively by way of comparison:—December 1013 merino,, none offered, November 1014 9%d to 10% d: •halfbred lid to 14y„d. 12 to 14y s d; medium 9%d to 10%, lOVid to 11%; crossbred super lO'/ad to liy s d, 12d to 13y,d} crossbred medium Dd to 10% d, 10% d to •ll%d; crossbred coarse 8d to Oy»d, 9%d ■to 11%; crossbred inferior 7% to B%d, S%A to crossbred pieces and bellies 5%d to BV, «d to 9y,d; halfbred '., pieoes and bellies id to »y»d, 7d to Od; ■locks »%d to 4%d, »y g d to 6d.

SOUTHERN MARKETS. ' ; Christchurch, November 17. Since the holiday week business in the ' '.' grain and produce market has opened very quietly. No wheat is offering, and \ very few oats. Oatsheaf chaff is in 'fair demand, and the price has firmed to £3 3s od. As there is only a limited amount offering, potatoes have advanced to £$ '■ 10s per ton at country stations. When the price got down to 20s per ton trade V was neglected, as it was not expected ; to improve again, and stocks were al- ' lowed to r,un down; severe frosts, which cut down crops, especially in the North Island, has renewed the demand for old '"-> potatoes, and the price has been raised to secure supplies. , LONDON MARKETS. '' ' \ By Cable—Press Association—Copyright London, November 17, Wheat.—Steady and quiet. i, 'i AUSTRALIAN WOOL SALES. Melbourne, November 18. ' At the wool sales there was keen comJ petition and prices, excepting for faulty and inferior wools, which were unchang- J cd, showed a ten per cent, advance. Sydney, November 18. At the wool sales there was good competition for super merino at satisfactory prices, crossbreds were easier and faufties neglected. Burry crossbreds showed a heavy fall on opening rates. Greasy brought to 13fd.