COMMERCIAL

Hawke's Bay Tribune, Volume XVI, Issue 86, 27 March 1926, Page 7

COMMERCIAL

LONDON WOOL SALE. CLOSE WITH CHEERFUL TONE. London, Mar. 26. The wool sales closed with a cheerful tone. Competition throughout was satisfactory and widespread, except from the United States, 'which only took about 1500 bales. Compared with January closing prices merinos and greasy were par to five per cent advance. Scoureds were difficult of sale and many were withdrawn owing to high reserves. Crossbred finest showed a five per cent advance. All other grades were slightly easier. Lambs, crossbreds, were slightly aearer, and merinos irregular and occasionally in buyers’ favour. The Now Zealand brands sold as follows: —Waiere, top price 16d, average 15d; Brooklands, 16d, average 14$d. The Bradford market is slow and business difficult. Topmakers 4 quotations are firm, and crossbreds a shade easier.—(A. and N.Z.) Messrs. Williams and Kettle, Ltd. report;—Market closed firm lor all classes. There was a poor ottering of crossbreds for which prices /are unchanged from February rates, and are on a par with last week’s Napiei sale. Murray. Roberts and Co. Ltd. nave received the following cablegram from their London house : — / . . {Sales have closed firm, competition not quite so keen as last week. Compared with present London sales opening rates: Greasy Merino, best descriptions, advanced 5 per cent; good, par to 5 per cent, advance; average descriptions, market shows no material change; good broken pieces, pai to 5 per cent, advance. Scoured Merino, best, advanced 5 per cent.; other descriptions, market irregular, and shows no change. Crossbred greasy comeback, 5 per cent, advance; fine, ’ 5 to 71 per cent, advance; medium, market shows no change; coarse, market firm; well grown and sound, Advanced 5 per cent. Crossbred scoured and sljpe, par to 5 per cent, advance. Sheepskins: Good selection and good competition. Alerino advanced 5 per cent. Crossbred fine, par to 5 per cent, advance. Crossbred medium and coarse, market ujichanged. BUTTER AND CHEESE. London, Mar.' 25. Butter: Firm and steady trade. New Zealand choicest salted and unsalted 174 s to 1765; Australian ditto 170 s to lf2s; Danish 185 s. The decline is duo to increasing production. Cheese: Quiet, New Zealand white 96s to 975; coloured 97s to 98s! Australian coloured 90s to 975. Sugar: Granulated 28s 4£d. —(A. and N.Z.) OTANE STOCK SALE. New Zealand Loan and Mercantile Agency Co. Ltd. report on the Otanc sale as follows:—16 fat lambs 16/-, 10 m.s. lambs 8/3, 1 fat lambs 22/6, 3 fat wethers 28/6.