COTTON AND WOOL.

Dominion, Volume 3, Issue 656, 5 November 1909, Page 8

COTTON AND WOOL.

: vV'.: ,, '. - k T-::^S^) : (By Tcl'tgrap.h.WSiiecial: CorresponfloDU ■ ~;* «t '.£■ ■ '■'■'■ '■■■. AMcKl?nd,,.Npyeta%:4;P : '■.. Is the ;cabled ' communication recordinga rise .in';'t)ie price of cdttpn expected l .'ty Auckland" : firjns. to have:ii ■'■gbo'd-' effect upott 1 thowool'market?" ■'~-■ ''\ ■' :-- r^}; "Yes, ,, : , repliert .one.-pf the .Briacinals' of >: leaiiiiig Auckland hp:uso to a ■'Herald','.repre-': '^ii{Stij'eV : .'".Our , cableiadvjcqs infprm^us,that' : Tjoti" wool and adVa'iidjnß :l in syjiipathy , -with the' riso ' tff : . 7Jdi- in; the price , ot cotton.. The, extensive ..op.qrati.onsi of :Ameri-■ can hnyer : s'.appgar to .be responsible,cables state, thgt .they ■'haye.forced the ,, -price of cottpn up. to.. lOd." " ; '■■•'"■:■■''■ ■"•"■.. :It was explained, that the following'advice' dated from. Loiidon on , .September I .SiTnad justreached. : : Aiicklai?d.:—" Qptfoa 15■.5ti11,,-in'-the; .neighbpnrhood i -of'i ; . > 7d. l r : but :shpuld ;;.the : crdj)' turtt out.'.as- bad" .as: the :, 6overnnseiit;;ißurearf : ' r.epprts, .it;'"ratty* j;p; up\to' Bd.:' ,pr; 9d.. Vaßain.Jn■■'fap't the. Ainericari ' Bulls;' 'threiteu-to/put! it. lUp : to 20.. cepts,; a.. price ..uiiheard. : pf• since ■ the. Aineri'cah .-war," liinen'is .also .■ getting 'very, high ,, ■in .pnceiandniay be .forced still "higher... Witlr regard to , w001, , , '.the .sale:.,which.'■.opened.;.. , on; jOctober.Sij , hosbeeii' a..yery-'stronK;one,.prices ■ all round,.from the coarsest; merinos, .haying -Rpno'jip: from" 10.. to" 15. : ■ per ceiit. ■■ 'The; fact. , . "oi : ; the '.Tanlieesv hafinj ; ■started to : ljuy,:.6o freely,.; arid.:.tho.\scarciry; :,: .bf , medium and classes of J'.woblj, are ;the' ■principal;causes. bl'.the , .■adyaice.'' ; ■''■■'■■ ■< : t -./.y'.-i