COMMERCIAL.

Gisborne Times, Volume XXVI, Issue 2119, 19 February 1908, Page 2

COMMERCIAL.

AUCKLAND WOOL SALES. A WEAK MARKET. Press Association. - AUCKLAND, Feb. 18. ihe third wool sale of tho season was held to-day. There were not many buyers present, probably owing to the present unsettled state of the wool market at Home. There were 918 bales catalogued, as against 577 for the same sale last year. Tho market opened weak in all sorts, and the proportion sold by tho different brokers was only about- one-third of the total offering. Prices for inferior, crossbred wools dropped as compared with fast- year from Id to 14d and good crossbred drooped )d. Merino wool was Id higher, but there was very little offering. Lambs’ wool was about id to fd better The hißiest price realised was 9d f or ff no crossbred in one instance, and for choice half-bred m another Last jeai similar wool brought lild Tl lr , top price lor medium crossbred was last voar° m, P rUd with 9 * d to 10fd lust jcai. Coarse crossbred sold at o:id, as compared with 9Jd last rear 10i ÜbS belS and' I '' coln P^ed'with to -d, as compared with 31d to 43d. A SLUMP PREDICTED.

t ress Association. In the ELLINGTON, Feb. IS. ine.it t tiis annual st-ate-to ,1 to ,, t lc Chamber of Commerce ,"U‘ a - v ’ the .president, Mr. llarkness, reiring to New Zealand’s products, said m reference to the future: “I am not desirous of taking a pessimistic new of the possibilities which may eventuate, but so far as I can discern there is no reason to believe that we shall have to face a decided slump in values, hut indications are not wanting that the coming year will not exceed its predecessor in quantity or value. In addition to lower prices, there may, of course, arise unforseen contingencies that will interfere with trade conditions -in the Homeland. mater.biMv affecting the spending power of that class of the community that use perhaps the larger proportion of New Zealand exports. Evidences are not wanting that so far as the present year has gone, wo must anticipate a considerable shrinkage in value bv tho eml of September30th, 1908.” THE BRADFORD MARKET. United Press Association—Copyright LONDON, Feb. 18. The Bradford wool market is quiet, with a few actual transactions. Common sixties, 25d: super, 26d.