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COMMERCIAL

We are advised that bran and pollard have been selling at Melbourne at £9 5s per ton. All the Harbor Board leases offered by Park, Reynolds, and Co., to-day wen sold to the previous holders at upse( prices. WOOL SALE. Tress Association—By Telegraph—Copyright, LONDON, December 8. (Received December 9, at 11 a.m.) At Jacob Buxton's wool sale 9,538 bales were offered. There was an excellent attendance. Except a few NewZealand slipes and scoured, _ for which there was animated competition at late rates, the catalogues were entirely of merinos, for which competition was very weak. There were plenty of American orders on the market, but they canno" be executed because of insufficient in formation with regard to the guarantee! required. Sir George Reid circulated an announcement that any reasonable guarantees would be accepted, but this was not considered Bufiidentiy definite to justify operations. Some traders declare that the best solution of the difficulty would be for the Government to declare a wool contract war. Shafty and combing declined 10 per cent., and short, faulty parcels 15 to 25 per cent. lii connection with the wool sales that opened in London yesterday, Messrs Murray. Roberts, and Co., Ltd., havereceived the following cablegram from their London agents, Messrs Sanderson, Murray, and Co. : —" Large attendance of buyers, poor competition; merino combing, good declined 10 per cent., medium 15 per cent., inferior and faulty practically unsaleable; cross-bred advanced par to 5 per cent.

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https://paperspast.natlib.govt.nz/newspapers/ESD19141209.2.31

Bibliographic details

COMMERCIAL, Issue 15671, 9 December 1914

Word Count
239

COMMERCIAL Issue 15671, 9 December 1914

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