COMMERCIAL.

Gisborne Times, Volume XXVI, Issue 2122, 22 February 1908, Page 3

COMMERCIAL.

GISBORNE AVOOL SALE

The periodical wool sale under the auspices of the Gisborne Woolbrokers’ Association was held yesterdav otternoon, when a: fair catalogue was offered. The usual number of buyers were present, Messrs Dalgety and Co. report: The sale was a poor one, and numerous lines were passed in. The highest price obtainable for fleece wool was sd, and for crutchings 3id. dead wool up to 4;]d, pieces 3d, locks 2Jd. All the hides were passed in. Bones 3s, cwt, tallow 195,-skins -Id to -5d..

Alessrs AVilliams and Kettle report: The best of the ’wool and skins were passed in, arid the prices for thatwhich was sold is no criterion. Small rough lots of tallow' brought from 16s to 18s. Alessrs Common, Shelton and Co. report: Competition was slack, especially for fleece wool, and practically every line was passed in • skins also showed a decline' compared with the previous sale, and we sold very few by auction. OUR BRADFORD LETTER. A TURN FOR THE BETTER. (From our Correspondent.) BRADFORD, Jan. 10. AA’ith the opening of the year a marked eha.nge comes over the wool situation, and considerable business lias been done. There is no doubt that _the improvement in monetary conditions has been a prime factor in bringing about a corresponding development in wool circles, and tho market wears a totally different aspect to what it did before the holidays. Whether or no it will be permanent reniains to be seen, .but for all that, the outlook lias vastly improved, and good business has been done. Tho principal movement has been in low crossbreds, these having, of course, suffered the most. For two or three days - before the actual movement came many felt that the bottom was about touched, and directly men saw a lowering oi the bank: rate, in they came. The last market day of the old year saw good 40’s tops change hands at a shilling.hut these were forced sales. Still, it was easy to buy a good combing -at 12jd, whereas yesterday tho same sellers could command 13jd, plenty ol transactions taking place at that figure. Other purchases in 4-i’s, 4G’s and 50’s took place at about jd advance, the weight shifted being a long way the heaviest for several months back. Evidently spinners were -.covering orders they had accumulated during the quiet time, and also export yarn houses were doing likewise. The Bradford market during the past year has become much morespasmodic in its movement, and trade seems to come all at once, and to be off in tho same way. Those who •bought at the bottom secured somegood stock, and many cheap lines both in merinos and crossbred", have been nickel up. The movement n: fine wools has been nothing bke s< heavy as in cross»brcds 3 tho 11.2.11 .ho or three firms have sold comulerab.c quantities. Plenty of good ( super 60’s have changed hands U fi Hlbut to-day’s price is more like -H to Id more. Direct arrivals are coming forward somewhat heavily, and so far these are being lilted, u seems to mo that the direct importei holds the key to lhe <id ire *<><>• situation, and according *« the ikilit\ of these men to lift, and finance <‘ l ' rivals will future prices he governed. The movement lias undoubted > >.U c - gthene-d the whole fah.-'.c, .u d Hf u ture is being looked f'.r.vard u. ani considerable hope. J .y.« ) ■ < fair stocks of crossbred,- but. ? h <L and vet for all that. 'S'-ces i.- non so reasonable that the “'» « capable of a sound diwelo-.m ... t m . forward direction. A!read> hopeful that 1908 will v( ; 1^1 both in consumption and ' of price, but tint will d;:*' ■ 1 re-established confidence and ed purchases from abroad. BUTTER MARKET AVE A'KENING. WHEAT Od LOWER. United Press Assncialioii-'-Copyrighf LONDON, Feb. 20. The butter market is relapsing. Colonial i.s at about 1465, but tncie are few buyers. ' , AVheat is Cd lower on tho .week. Tho American visible supply is ul--716,000 bushels.