COMMERCIAL.

Nelson Evening Mail, Volume XLV, Issue XLV, 23 March 1910, Page 8

COMMERCIAL.

THE LOKOON MARKETS, |^B£ S d ASSOCIATION-COPYBIGHT.] ' ..IWved March 23, 11.40 im.) l LONDON, Tues. ; ilivfiri3at24danouncft , Bank 1 of Australasia, 107 to l(J9i New, South Wales, 45 to 46 (ex rlgfe) tJnion Bank 63A to 64A; NatM Bank of New Zealand £5 12s 6d toiJBS 17a 6d (ex rights) New Zealand Bank stock, 102. 4t the wwl sales prices for merinos afiimchanged, arid crossbreds are a littfc hardei\ The wool sales included Ellerslie, top rife 15*, average 14^d; Hakatenna, l4id; average 13* d and Pare ll*d, and IQJi Thel April sales will be limited to 16,000 bales. 'V v LONDON WOOL SALES. BBPOlit OF THE N.Z. TRADE COMMISSIONER, WELLINGTON, Wednes. ; ' The Minister of industries and Comilrce hai received the following report, <bt*d 4th; February; by the Produce doiniilififlibner in London on the first series of wool sales, which were held from Ink 'January to 4th February:the sales there has been teen competition for all lots offered. Bpyiars'frbm America and from the Continent have hid against home manufacturers for all lots in any way suitable iter their requiremetits. The latter have \ jfood orders in hand, and the stocks of V #661 held by them are of short compass; hiving been steadily drawn upon in-the course of manufacture. Prices throughout the sale have been firmly /maintained and no accumujatioft oi stack is likely;'especially owing to the dry: season experienced there, as a shortage'is expected in the shipment of wool from the .River Plate this season. The fiositioribf wool is distinctly favourable tt tie classes for which there has, been tn# greatest competition during the premi teles, in heavy, medium, arid coarse fcr'ossbreds, especially the last. This fa) caused by Continental buyers reSing'these wools chiefly, entering A keerily into competition with British manufacturers for them than for other classes. American buyers prefer bidding for lighter wools. A noticeable feature of the present salee is the great i&prdvement found in the quality and feet-tip of wools frohi South Africa. It ft evident that the attention now being §freii there to the improvement of flocks m judicious breeding with the view to ttterincr into the frozen meat trade is li6|iririing,,to tell. Care, apparently, is also now being given to woof-classing, so that-it would .seem as if in a few years flew Zealarid may have to reckon upon a iiew and increased competition from the Sbilth African colonies. There have been a considerable number of South African clips offered during the present series of Wool sales that have sHown this marked N improvement in quality and get-up. Buyfcrs have been commenting favourably iipon them.