COMMERCIAL.

Taranaki Daily News, 28 December 1915, Page 2

COMMERCIAL.

WOOL SALES. CLOSE OF LONDON SERIES. By Cable.—Press Association—Copyright London, Dec. 23. The wool salcji have closed with an excited demand at fullest prices. There were sold to the Home market 80,000 bales, to the Continent 12,000 and to the United States 3000, while 10,000 bales are held over. Compared with the November sales' closing rales good merinos advanced 15 per cent; medium and faulty 10 to 15 per cent; greasy erossbreds were scarce, and though in bad condition advanced 10 per cent., scoureds (especially the finer grades) realised sensational prices. Slipes advanced 10 per cent., erossbreds lambs 10 to 15 per cent., and merinos 10 per cent., though generally of inferior quality. There i s a possibility of the embargo on exports, especially erossbreds, being discharged owing to "the need of cloth for the British and Allied armies. The British market has been depleted of erossbreds by the recent exports to- the United States and the Continent, and relief from South America is not forthcoming, as the Germans control th|t market, so the embargo may be necessary in order to assure adequate supplies and check, speculative movements by traders desiring to supply Germany after the war.