COMMERCIAL.

Grey River Argus, 26 May 1922, Page 4

COMMERCIAL.

WELLINGTON WOOL SALE. NVELLINCTOX, May 25. At the wool sales to-day bidding was keen. AH markets were represented. The condition of tin 1 wool was fair, considering the late season. Average prices: Alerino ]sd to H’-Ll, halfbred 15.1 to 17jd, coarse hnlfbred lOd to I2d, tine crossbred !•».'.d to lUd, medium crossbred 9d to I6|-d, coarse 7:jd io low crossbred 7d to Sd, line hoggets 9d to medium lambs 6d to SAd. line l.'jmbs 9d to lljd, inferior 2d to 6d, good crossbred pieces and bellies 4MI to 6’>d, good crutehings Id to SMI. WELLINGTON WOOL SALE. PRICES APPROACHING BRL-W It A. WELLINGTON, Alay 25. At Wool sales to-day 5000 bales were offered. The buying was well distributed and the wool will find its way to America, Japan, Bradford, Continent and Dominion mills. There was an advance all round on April 5 sals, as under:—• * • Alerino, not sufficient offering to quote; south i | own 2d: coarse half bred 1MI; line crossbred (46/- to 48/-) i[d to L}d; medium crossbreds (44/ 16/-) Io ltd: coarse crossbriuls (40/ —14/-) ?[<l to Id; low crossbreds (36/ H>/-1 Id 1o U.d. Lambs Id; bellies and pieces 1.1 to 1 LI; ciutehings Id; locks :j<l told. Prices closed at the highest point since the slump. The rise today was substantial ami was welcome; and. following on former advances, makes a ; close approach toward pre-war levels. It is pointed out that pre-war values, however, must not be contused with the present cost of production as the rates of interest, material, labour and charges are all higher, and either have to come down or the increment be provided for by an increased price in raw material. When either one or the other happens the. wool growing industry will be on a proper footing again. CEREAL MARKET. SYDNEY, May 25. Cereal quotations are:—Oat-: Nigerian feed (local) 3/11 per bu--h. 1; i':i> manian 3/11 to 4/-, while I '2; maize yellow 5/3, white 5/-; potatoes: Tasmanian £6 TO/- a ton; onions: Victorian £x. At Adelaide oats feed) are 3/- to 3/1. SUGAR EMBARGO RAISED. BERLIN, Alay 24. The Government has raised the embargo on the importation ol sugar in consequence. N.S.W. WHEAT POOL. SYDNEY, Alay 24. Though the Government favour a vor- ! untary wheat pool for next year, it will tot be a party to any guarantee.