COMMERCIAL.

Hawke's Bay Tribune, Volume XII, Issue 76, 9 March 1922, Page 7

COMMERCIAL.

LONDON WOOL SALES. COMPETITION SLIGHTLY WEAKER. London, March 7. At the wool sales 11,000 bales were offered. The attendance waij good. Competition was hardly so strong as in January. There was an excellent selection of merinos. Good sorts were about 5 per cent, below January, average faulty 7} or about on a parity with Hull and Liverpool prices. There was a verv unrepresentative selection of crossbreds and prices showed some irregularity, but were generally unchanged. French and German buyers were operating freely, but ‘Yorkshire was more reserved than in January.— (A. and N.Z.)

Dalgety and Company, Limited, Napier, have received the following caple from their head office, London, dated March 7th, 1922: —“Wool sales opened with large attendance of buyers, and competition was fairly animated. The selection is an average one. Continental buyers reserved. As compared with last sales’ closing rates:—Finest merino wools, a change, if any, is in buyers’ favour; merino wools, good, 5 per cent lower; merino wools of other descriptions, 7A per cent to 10 per cent lower; comeback wools, 5 per cent lower; fine crossbred, 71 per tent to 10 per cent lower; medium crossbreds, per cent lower; coarse crossbreds, a change, if any is in buyers’ favour.”

The New Zealand Loan and Mercantile have received the following cablegram from their London house under date 7th instant:—“There was a full attendance at the opening of the sales to-day competition by Home and Continental buyers being fairly active and prices, as compared with the colse of preceding series, ruled in buyers’ favour. Merino and crossbred fine 5 per cent to 10 per cent lower; crossbred medium and crossbred coarse 5 per cent to 74 per cent lower. The opening catalogues were fairly representative. America is buying suitable lots of merino.”

The Hawke’s Bay Farmers’ Cooperative Association, Limited, have received the following cable from their London office: —“Seventh wool sales opened to-day, good attendance, fair competition, prices declined. Greasy merinos 5 to 10 per cent, greasy fine crossbreds 74 per cent, greasy medium and coarse 5 per cent.”