COMMERCIAL.

Hawera & Normanby Star, Volume XLII, Issue XLII, 7 September 1923, Page 5

COMMERCIAL.

LONDON WOOL SALES,

The Bank of New Zealand, produce department, has received the following advice from its London office under date 4th instant: The sales have opened' with strong competition and a large attendance of buyers. There ie an active demand by all branches of the trade. Coarse crtfssbreds are id dearer, medium, and fine erossbreds and hatlfb.reds are Ad, and merinos Id dearer.

The New Zealand Loan andi Mercantile Agency Company, Ltd., have received the following cablegram from their London house under date 4th: instant: Wool Sales—There was a full attendance at the opening of the sales to-day, competition by Home and Continental buyers being good, and prices as compared with the closet of preceding series ruled: Par to 5 per cent higher for merino, fine crossbred coarse crossbred, and slipe crossbred, and 5 per cent higher for medium crossbred. The opening catalogues were repeserntative. Messrs. Murray, Roberts and Co., Ltd., are to-day in receipt of a cablegram from their London agents dated 4th instant as follows: Sales have opened strong," with large attendance of buyers and brisk competition, all eections operating. Poor selection of merino offered. Greasy merino ad>vanced 5 per cent, crossbred greasy fine par to 5 per cent advance, crossbred greasy medium advanced 5 ito 10 per cent, crossbred greasy coarse par to 5 per cent advance, crossbred scoured advanced 5 per cent, crossbred slipe par to 5 per cent advance.