COMMERCIAL.

Evening Star, Issue 15433, 5 March 1914, Page 6

COMMERCIAL.

I The New Zealand. Loan and Mercantile Agency Company have received the following advice by cable from their London office concerning' the opening of the s ec ° n <| j series of wool sales in London on the 2nd l inst. :—"There was a full attendance at the opening of the sales to-day, competition by Home, Continental, and American buyers.being active, and prices as compared with the close .of preceding series ruled higher about 5 per cent, for crossbred, 7J per cent, for merino, 10 per cent. , for others. The opening catalogues were ! fairly representative." , The Bank of New Zealand have ( been advised, from London as follows: —"The sales have opened with strong competition and large attendance of buyers. There is active demand by all branches of the trade.' Total net quantity New Zealand available, 60,000 bales. The market is strong and prices are higher for coarse cross-bred M to Id per lb," medium and fino cross-bred Id to l£d per lb."

THE TALLOW SALES. Press Asboeiation—By Telegraph—Copyright,

LONDON, March 4. (Received March 5, at 9.15 a.m.) At the tallow sales 1,399 casks were offered cud 554 sold. Mutton, fine 365, medium 335; beef, fine 355, medium 335.

RABBITSKIN SALES

Pres3 'Association—By Telegraph—Copyright

LONDON, March 4. (Received March 5, at 10.25 a.m.) At the Tabbitskin sales 2,500 bales were catalogued. There was a strong market, and prices averaged fully 2d advance

THE MARKETS,

Press Association—By Teleeranh— Copyrigb

LONDON, March 4.

Wheat: The market is quiet. Australian is steadily held. Tho American visible supplv is 110,446,000 bushels. Copper : Spot, £64 3s 9d; three months, £64 7s 6d; electrolytic, £66 15s. Tin: Spot, £173 10s; three months, £175 10s. Lead, £l9 7s 6d. Linseed oil, £24 17s 6d. Turpentine, 32s l^d. Silver, 26Jd per oa.

THE WOOL SALES.

Press Association—By Telegraph—Copyright

LONDON, March 4.

At the wool sales 8,723 bales were offered, including 5,644 from New Zealand. There was an excellent se||ction of cross-breds. There was a crowded' attendance, including a record number from the United States, and the keenest competition for all classes, the United States and Yorkshire bidding excitedly for crossbreds, and Yorkshire and the Continent for merinos.

(Received March 5, at 10.10 a.m.)

Animated competition continues. Yorkshire and American buyers are operating keenly. All cross-breds were 10 per cent, above last sales.