COMMERCIAL.

Taranaki Daily News, 8 May 1922, Page 2

COMMERCIAL.

ADELAIDE WOOL SALES. By Telegraph.—Press Assn.—Copyright. Adelaide, May 6. At the wool sales practically the whole catalogue of 22,506 bales was sold to Bradford and American buyers at prices showing a distinct advance on the rates at the previous sales. Competition was keen throughout. LONDON WOOL SALES. PRICES STILL RISING. Received May 6, 5.5 p.m. London, May . 5.‘ ■ At thp wool sales there was a large offering of merinos, including super Geelong. There was strong general competition, prices all round being five per cent, above opening rates, the most unarked in the average being tte top-making sorts. HIGH COMMISSIONER'S ADVICE. The Department of Agriculture has received the following cablegram dated 3rd instant, from the High Commissioner for New Zealand, London : Wool sales opened firm with large attendance and keen competition from Home and Continental trade. Super greasy merinos ruled about 5 per cent, dearer than closing rates March series, other sorts merinos 10 per cent, dearer. Fine crossbred advanced 10 per cent., and while best medium were unchanged, ordinary and inferior medium crossbred ruled 10 per cent, to 15 per cent., say, %d per lb. higher. Coarse offerings were small and show advance of about 7% per cent., say per lb. Scoured and slipe croasbred 5 per cent, dearer. This, week B.A.W.R.A. offerings will consist of; — Australian.—Merino greasy 3200 bales, merino scoured 2100 bales; crossbred greasy 1100 bales, crossbred scoured 500 bales. New Zealand.—Crossbred greasy 3500 bales, crossbred scoured 1200 bales, crossbred slipe 1450 bales. Cape.—42oo bales.