COMMERCIAL.

Taranaki Daily News, 25 September 1916, Page 3

COMMERCIAL.

TONDON WOOL MARKET. Australia n-N.,Z. Cable Association. V.c-ceived Sept. 23, 7.45 p.m. London, .Sept. 22. The wool so d on the Home market totalled 57,000 hales,- that for export being COOO, and held in store 10,000, whoreo, one half was grown in New Zealand The Russian demand is diminish'ng, owing to tli- approaching closing of the Archangel route. France took a fair quantity. Fine crossbred* closed firm. Prices and competition were well .Tiaintiiined, although the whole seri<v was characterised with great irregularity. ' It was wonderful how large a preponderance of faulties was ibscrbed. Compmed with the July .-losing prices, all Merino comi.higs, medium and inferior, have broken all records, showing .-even end a half to ten per cent advance, whilst faulty and short carbonising sorts declined from five to se\eu and a half "cr cent, (all scoured*), which buyers favor, Greasy evossbreds advanced from five to seven and a half per cent., best slipes h\ to Id Inferior slipes were slight') cheaper; scoured cru.-sbretls declined Id to 2d; merino lambs were un•hnnge.!: crossb"ed declined Id. There was a , better feeling throughout the fade legarding the future apprehension

•• s to the (lovrnment's action relative o the Colonia l markets causing «onn hesitit'on. but there is no fear of a serious collapse in values. Colonial importers are demanding improved shipping I'acilitio from the Colonies. Kaputane (top) '(ld, average :(l'!,'d; Gear, top, 22d, average,. 21>/ s d; Tikntapa, top, lflJd, average, 18-y b d.