COMMERCIAL

Evening Star, Issue 18502, 8 December 1923, Page 1

COMMERCIAL

WELLINGTON WOOL SALE. The .second wool sale of the Wellington season opened last night, when two catalogues were, .sold. A line ot .super. Ivunneys was passed in at. 28j,d, and lots were passed at 16^(1, 18]d. 2281, and 23;M. There was a fair amount passed in ibis range; hut the. limit, was reached when a lot. was passed at 28id, and most of the remainder was passed without being pul up. Thorn were some very tine super, merinos from Hie well known dip "1 Mr Charles Coulter, the noted stud merino bleeder of Marlborough, and oilier good wools came, from Blenheim. Wau'arapa, and Feilding. There was a full heneli of buyers, representing Bradford, Franc'', Germany, Italy, Japan, the United (States, and the local nulls. Emm the outset bidding was lively, and competition was very keen and spirited throughout the evening, nearly every section of the buyers operating. Prices ruled slightly in buyers’ favor. Taking tlm quality into consideration, the present indications do not show marked advance. After the first catalogue the passings were few, the passings in the first catalogue being due to what, were regarded as unduly high reserves. In the second catalogue 27d was the best price recorded, this being for (’•onUdules. (Voss-breds are inllv as firm at slightly better than November penes. Tho sale will continue b> dnv. 'I In; total catalogue was 27,000 bale.-, WHEAT PRICES. [Pen United Press Association.] CHRISTCHURCH, IWemher 8. It is reported amongst grain im a beets that an agreement has la en ■■■uni' to m tho. Wheat Board and representatives of the (lonr-millers regarding the pm-, ol He‘ new season'.- wheal, winch is to b- id a bushel in advance of last. year. (In Ist. season's basis this would make the. i■ •■ - season’s price as follows: —Sale live on board at closest port in danmny, Ucbrn ary, March, April, and May—Tuscan, 5s 2d' per bushel ; Hunters, Ss 4d : pearl, os 6d ; an increment of !d jer lin.-he) per month, COMMERCIAL BANK UR AUSTRALIA. At, Hip extraordinary g.’iiem! me ling of the shareholders of the ( oninmn ill Bank of Australia, held in Melbourne on December 6, the resolution to increase (bo capital of (ho bank was tun ;ed.