COMMERCIAL.

Gisborne Times, Volume XXX, Issue 3562, 29 June 1912, Page 2

COMMERCIAL.

SPECIAL WOOL REPORT

Messrs W. Wcddeh and Co., Ltd.,' London, report under date May 17: Wool.—The auctions were duly brought to- a close on the 4th inst., the roll-owing quantities having been dealt with, viz.:—Australian 130,G70 bales; New Zealand 121,342; South African 17,857; South American 25,051; making a total of 294,920 bales. Of this total 155,000 bates were, as far as could be judged, bought by the Home' Trade, 12,0.00 by the Continental houses, and 10,000 bales by the U.S.A. Some 9000 bales were not offered, and these,,? together with 11,000 ’ bales withdrawn during tjje currency of the safes, remain over for tlio July rseries.

It is satiyfaotoi'j' to report that filial prices for mcyinos were at quite the best point. Both Home and Continental houses bid with _ great animation fight up to the finish, for greasy parcels, -preference being given to fine quality. The same remark applies to sceurecls, and quotations closed all round about 5 per cent better than January rates. Fine crossbred failed to improve their position, wastier sorts at the close still registering the 5 per cent decline la]ready reported. Medium grades, if anything, were inclined to harden, and coarse qualities finished very strong at from par to 5 per cent over January closing rates. Greasy lambs were a good market and closed very firm. • Slipes hardened, competition being especially keen for pelt lengths and short seconds and thirds. Scoured crossbreds remained an, excellent- market, the demand on Scotch account developing strength, and final prices were about 5 per cent to 7-i per cent up from January rates. It is a subject for congratulation that the trade, after the general 'dislocation, of business caused bv the national ecal strike, lias lifted the large Quantities which have been offered during these past sales with such apparent case. The day to day offerings were bigger than has been the case for many years, but from start to finish there was no hesitation in the biddings, and from the, .fact that prices closed >at about their best, strong hopes may be entertained that values will be welt maintained when the next series cf sales commence in July. The arrivals to date for the third series which commence on 2nd July total 164,500 bales, of which 93,000 are from New Zealand, 62,000 from Australia, -and the balance from South Africa and South America-.