COMMERCIAL

Evening Star, Issue 19002, 25 July 1925, Page 4

COMMERCIAL

LONDON WOOL SALES. Messrs Murray, Roberts, and C 0.,.: Lid., are to-day in receipt of a cable from their London agents, dated the ■ldl'd instant, reading as under:— “Sales dosed with a fair tone; Continental buyers are the principal buyers; Bfadford buyers are dome almost nothing. There was a good clearance. The market has been very irregular throughout, and faulty wools have been greatly neglected. Compared with the opening rates of the present London sales, 1 greasy merino, best description, par to 5 per cent, decline; greasy merino, other descriptions, declined 5 per cent.; pieces declines 7$ per cent.; scoured merino declined 5 per cent, to 10 per cent.; faulty and inferior descriptions show the greatest decline; cross-bred greasy, come-back and greasy line, declined 5 per cent; crossbred 'greasy, medium and coarse, best descriptions, advanced 5 per cent.; cross-bred greasy, coarse to medium, other descriptions, par to 5 per cent, advance; cross-bred slipe and crossbred scoured, market shows no material change.” LONDON MARKETS. Messrs Dalgety and Co., Ltd., have received the following cable from bead office, London, dated July 22: “ One thousand two hundred and ninety casks tallow offered; 030 casks tallow sold; prices unchanged to Od lower. The decline in prices is chiefly on inferior qualities.”

Tlio Otago Fanners’ Co-operative Association of New Zealand, Ltd., has received the following from London: — “Butter: Tlio market is firm but quiet; higher quotations for Danish butter (200 s, f.0.b.) strengthened general position; prices—New Zealand 102 s to 1945, Australian TBBs to 190 s. Cheese: The demand is quiet, and wo think the market has reached the top; New Zealand, 110 sto Ills. Meat: The market is unchanged.'’’