COMMERCIAL

Evening Star, Issue 17927, 24 March 1922, Page 6

COMMERCIAL

LONDON wool SALES. Messrs Dalgety an . Co., Ltd., report having received the following cable from their head office, dated London, March 21:—“Sales continued very firm; competition active. As compared with last sale's closing rates, finest merinos are rather dearer, merino wools good (a change! if any, is in seller’s favor); merino" inferior and faulty, par to 5 per cent. lowa - : cross-bred, fine and medium quality, 5 per cent, lower; cross-bred, coarse, unchanged; come-back wools unchanged ; slipo and cross-bred wools, scoured, unchanged, except cross-bred wools, faulty, 5 per cent, lower. Sales close March 30. Tho sales now show a considerable improvement on the opening rates.’’

Messrs Dalgety and Co., Ltd., report having received the following cable from their head office.. dated London, 22nd March, 1922;—“Wool sales opening 13th June; list closed 15th March. Quantity to be offered!; Australian 42,225, New Zealand 35,724, Cape 7,000, Punta 7,000, ‘ Bawra ’ may offer 80,000. Tallow : 940 casks offered; 610 casks sold; prime descriptions a shade easier; low and inferior descriptions a shade firmer. Nominal quotation : 1 Fine mutton, 42s 6d per cwt.; fine beef, 42s per cwt.” AUSTRALIAN COMMERCIAL. Press Association —By Telegraph—Copyright. Australian and N.Z. Press Association. MELBOURNE, March 24. (Received March 24, at 11.15 a.m.) Barley: English, 4s 4d; Cape, ,3s. Oats, 3s 3d to 3s 6d. Potatoes, £4 to £4 10s. Onions, £5 15s to £6 ss. SALES ON ’CHANGE: THIS DAY. Auckland. —Sales: N.Z. Insurance Company, 27s 6d. Reported ; War Loan, 1938 (inscribed), £9O 15s. LONDON, March 23. (Received March 24, at 9.20 a.m.) 'The Bank of Australasia’s divisible profit for the year is £754,253. —A. and N.Z. Cable.