COMMERCIAL

Lyttelton Times, Volume CXV, Issue 16491, 5 March 1914, Page 9

COMMERCIAL

LONDON... MARKETS.

MISCELLANEOUS

By- Telegraph—Press' Association—Copyright. .V \ LONDON, March 3.

' Jute—March- April shipment £32 10s.- ! Bank,shares are quoted as follows:—Australasia - £ll9 to £l2l, Union £53 to £56,. National > ol' Australasia. £5 5s to'. £5 TSis,. New Zealand £ll to £l2. rrv ; . (Received March 4. 11.35 p.m.) - LONDON, March 4.. The wheat market is quiet. Australian is steadily held. * The American visible supply is 110.446,000 bushels. : METALS. Copper.— Spot £64 3s 9d, three nthhths £64 7s 6d; 'electrolytic . £66 15s. . _ . ... ”r‘Tin.—Spot • £173 I.os/~ three months £175 10s.'' ;• Lead.—£l9 7s Gd. •' . * WOOL' - SALES. - . .w . // ■ ■ BRISK COMPETITION. ; ' - . LONDON, March 3. , '., Tlie wool -sales' have .opened. Competitioii £was''briik ; aHd. r excitddv' : -Merinoes advanced:: a: to :7i:.pcr cent and cross-breds fully 10 per cent. (Received March 4, 11.35 p.m.) LONDON, March 4. At tlie wool sales 8723 bales, ineludjing 5644 of New Zealand, were cfjfered. There was an excellent selecItion idf- cross-breds.,; ; The attendance | was. vpry largq, a,nd there was'a record | number, of buyers . front, the United I .-.There;-3vas.-..thoT,kee!iest com- | peri turns for- "all. .classes,'United • States. ' and : /Yorkshire. bidding excitedly for cross-breds", . and the Continent for merinoes. • . v . •4.: ■ • [Per Press association.] ‘ ; WELLINGTON, March 4. U'T’hc department of. Agriculture lias JfddfiiTffV .the' following' .cahlegfiim from • ’iIKT :il tglt. ‘ Contm dr,' dated * Lond on. s r;i : ega'rdi.n : pi .tbe .opening of; the sijJoiid series of the.colohial wool sales: . :‘ TJI6" wool sales commenced. with a large attendance of buyers, and coinpetition. is great.; Americans are buy-, nig freely, amU jtho market is very strong. Merinoes average Id and crossbreds, Id .above tlie closing rates of last sales. Sixty thousand two hundred bales of. New .Zealand wool were catalogued.” -

1 . Messrs v Dalgety and Co., Ltd., Christchurch, havo received the following cable message from their London i office, dated March 3Wool sales opened to-day. There was a largo attendance of buyers and very animated competition. As compared with, last Bales’ closing rates, merinoes generally ate o' to'JJ -per cent higher, fine crossjbreds 7t per'cent .higher, and medium [ aricT cqarse croSs-hfeds 10 per cent higher. ..American .buyers' are operating.” The. Neiy Zealand Loan and Mercantile Agency Co., Ltd:,' "Christchurch, have .received the following cable message from their London office, dated March . 3:—“ London Wool Sales.—; There was a good attendance at the opening of the sales to-day, competition by ,Home, Continental and American buyers being active. Prices .as com!pared with close of preceding series j ruled about 10 per cent 'higher for ( cross-bred and o per cent to. 7$ per cent (for merino. Opening catalogues were [fairly representative.” I. Tlie National Mortgage and Agency [Co. of New. Zealand, Ltd., have received the following cable message from their London office, dated March 3:— “London Wool Sales.—Merinoes and fine cross-breds opened at an advance of 71 per. cent, on last sales’ closing rates, cross-breds. medium and coarse, at' an advance or TO per cent. Prices V drJ"". firm. .Large attendance of huj'ers, biddings-.keen'. America well represented.” ' /

| The Bank of. New Zealand lias rewived the following cable from its London office, datwl London;, March 3:— .“'The sates have opened with strong competition AM large attendance of 'layers. ' There, is an. activo demand bj 1

all. branches .of 'the.' trade/ ; . Tptdi. net quantity New: Zealand wool'' available, 60,000 bales. The. market is strong for the following wools Coarse crossbreds, prices are higher id to Id per lb; medium cross-breds, prices are higher id to lid per lb; line crossbreds/ prices are higher Id to lid per lb.” ,

The New Zealand Farmers’ Co-oper-ative Association.(has.,received,; tlj,&,. fob fqwing cable from .their. London; office, dated March 3Wool sales -opened to-day and prices as compared with closing rates of last, series are:—Merino and fine cross-bred, .71 per cent higher; medium and coarse cross-bred 10 per cent higher. Competition is excellent.” ‘