COMMERCIAL.

Manawatu Standard, Volume XLI, Issue 9653, 19 November 1913, Page 6

COMMERCIAL.

AUCTION SALES. On Saturday 11. Palmer will sell a number of ladies' and gentlemen's bicycles, commencing at 2 p.m. These bicycles arc by a well-known English manufacturer, and aro part of a stock seized for debt by the vendor, who is anxious to quit them, even at a sacrifice. An inspection of these machines is iip/ited. H. Palmer advertises entries for his mart sale to-morrow.

The*M.A.C. wish to remind their clients that they will hold their usual mid-week sale to-morrow, when a good line of furniture and vegetables will be sold without reserve. LONDON MARKETS. The N.2i> Loan and Mercantile Agency Co., Ltd., under date London. October 10, have received the following report :>— Wool.—The fifth seriea of London salee, which commenced on 23rd September, termiiialed on Bth October. Of the net quantity available—l7o,ooo bales—l34,ooo bale* were disposed of. of which 56,000 bale* were taken for the Continent, and 4000 bale* for America, 36,000 bcin e held over and withdrawn. The. sales were throughput well attended, all sections, including America, being represented. Merino met strong competition from French and German operators, but the bidding on Home account showed some reserve* For- crossbred, however, there was an active demand for Yorkshire, the Continent and America also operating. Slipes were in large supply and in the early part of the series showed weakness, but subsequently improved and at the close showed but little alteration from July, save as regards wasty sorts, which ruled in buyers' favour. For wash- Australian merinos, values declined about 5 per cent, the disappointing yields of earlier purchased new clip wools doubtless causing buyers to re* vise their estimates. For best, greasy descriptions and scoured the market favoured sellers, lambs also ruling very firm. A noteworthy feature was the purchase for i America of descriptions—including slipe—not hitherto taken for that quarter. Such purchases may be regarded as for experimental purposes, and it remain* to be seen in what direction the demand will eventually set, though with raw wool now on the free list, that it will be of a more general character than heretofore may be taken as assured.. At the close, as compared with 15th July, the position of certain leading descriptions, was as follows: 'i Merino greasy super, par to 5 pert cent

higher; do medium, par; do inferior, pa| to 5 per cent lower; merino scoured super, fjfar to 5 per cent higher; do medium par to 5 per cent higher; do inferior, 5 per cent higher; crossbred greasy fine, medium and coarse, par to 5 per cent higher; cross-" bred scoured fine, medium and coarse, aLput he same; slipe fine, medium and coarse, par to 5 per cent lower; lambs, merino and crossbred,par.