COMMERCIAL.

King Country Chronicle, Volume VI, Issue 438, 10 February 1912, Page 5

COMMERCIAL.

* THE WOOL MARKET

The third and final wool sale of the season in Auckland was held at the Chamber of Commerce on Wednesday. Aa the brokers expected, the catalogues were larger than at the third sale last year, owing to the <ii Hicu3 ties which stood in the way of sending forward all tho lots available in time for the first and second sales this season. The total offered was 2820 bales, which was about 800 bales more than las February. A full bench of buyers was present, representing only one less than the number of firms operating at the previous sate. As is usual at the final fixture of the season, tho wool offered comprised a large proportion of inferior, logstained, and mixed lots. hleece wools had all been disposed of earlier, but there was a large quantity of lambs' wools, and these were eagerly seized upon and aroused keen competition, very unlike the indifTerer.se exhibited towards the dingier material. In inferior back blocks grown wool the prices showed a general decrease of about }d per lb or more, in sympathy with the recent decline in London prices for coarse wool. The best wools, though small in quantity, also showed a falling off. This was more than balanced by a marked increase in the prices given for lambs' wools, which rose by 12d or L'd per lb compared with last year, and showed an improvement of Id on last sale. Local buyers were* more than usually active, and bid keenly, keeping up to or ahead of the Continental and American agents. IN CASE OF A STRIKE. The conditions of sale were mented with the following strike clause :—"Should delay in delivery be caused through strikes, and if the wool is not paid for, buyers shall have the potion of canceling sale. If the wool 1 is paid for the broker shall refund the amount; paid, or pay interest from date of payment at current bank rate until delivery is complete. In the latter instance the sale is to remain a valid one." RANGE OF PRICES. The range of prices is shown m the following, the second list, of figures representing the January prices. Fine halfbrcd and merino <)Jd to 10d, —lOd to lid; fine crossbred?, !>d to lOd —lOd to lld ; '.Romney, Sd to B.id --S*d to lid; medium crossbred Tijd to Od- - 75d to ild; Lincoln and coarse ; crosbreds, 7d to 8d —id to /Jd, Inferior and log stained 6Jd to 7jdfijd to 7£d; lambs' wool 7Jd to ! ! .}d (top 10d)—7Jd to Bid; lambs' wool, seedy 4£d to 6£d.