COMMERCIAL.

Taranaki Daily News, 2 June 1920, Page 3

COMMERCIAL.

THE WOOL MARKET. DECLINE AT LONDON SAMS. By Tole<srat>b.—Press Assn.—Cop.vrieht, Received June 1, B<> pro. London, May 31. Following 011 the recent declines in prices : at London, provincial, and Antwerp wool salon, the trndo genernJl.v expected flint tlio London auctions opening to-day would produce lower rates, hut the extent of the decline i (5 to 20 per cent, below the last London snlcs closing rates) exceeded nil Anticipations. A total of 11.020 hales were offered, of which 2707 wore New Zealand, and the selection was fairly representative. There was a large attendance, but bidding was very alack. • Yorkshiremen would not buy merinos, and Continental buyers operated Bpaximjly in. them, jit an all round decline of fifteen to twenty per cent. Fine crossbrcds met with slow bidding at ten to fifteen per cent., decline; raedUwn and lower grades found better support at about five per cent. New Zealand wool from the "Struan" clip niado 41d.—Aus.-N.Z. Cable Assn. •LONDON SHEEPSKIN SALES. Dolgety'g report having received the following cablegram from their London officer under date of Zfith inst.: Sheepsfcins: 11,500 bales were offered, and 8000 sold. Then* was a fair demand. Prices have declined from 20 to 25 per rent, as compared with last sheepskin sales' closing rates.