COMMERCIAL.
THE WOOL SALES. Australian-N.Z: Cable Association. London,. Dee., 11. Regarding the wool sales the army order issued * interpreted to mean that purchase and sale will be over, the contracts prohibiting speculation. The Bradford market is more cheerful. Business is quiet, awaiting the opening of the London sales. The Government's first condition with regard to sales U that no wools which come direct from the growers may be offered before Christinas. It is estimated this will affect about half the quantity available There is no information as to what will be drne after Christmas If the rule is applied, the second half of the series is likely to be a wild scramble for wool. STOCK MARKET. London, Dec. 11. Consols are quoted at £53; Union Steamship Company, sellers 465, buyers 43c.
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Taranaki Daily News, 13 December 1916, Page 2
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131COMMERCIAL. Taranaki Daily News, 13 December 1916, Page 2
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