COMMERCIAL.
DROP IN GERMAN EXCHANGE. By Telegraph.—Press Assn.—Copyright. London, March 8. The exchange on Berlin is 246 marks to £l. The rates for negotiating bills on New Zealand have been fixed at the same as Australian, cabled on December 12. An allowance of 10s is made on cable transfers to New Zealand. SYDNEY WOOL SALES. Sydney, March 8. The wool sales have been resumed. The market is dull and lifeless owing to the collapse of the London sales. Greasy realised 28 MLONDON WOOL SALES. The New Zealand Loan and Mercantile Agency Co., Ltd., have received the following cablegram from their London house, under date sth instant:— Wool.—Average' current London values of the undernoted descriptions of New Zealand greasy wool: —Good Merino, Is 8d; Medium, Is 3d; inferior, ll%d; fine crossbred, Is 2d; medium crossbred, 9%d; coarse (40s), 6%d; coarse (365), 5%d. Sales closed. Competition of Home trade very quiet; Genmany, France fair. Merino, superfine 10 per cent, averages 5 per cent, to 20 per cent., Merino Inferior 5 per cent., crossbred fine 20 per cent., crossbred medium and coarse 25 per cent, lower than 27th January. About two thirds offering sold.
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Taranaki Daily News, 10 March 1921, Page 2
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191COMMERCIAL. Taranaki Daily News, 10 March 1921, Page 2
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