COMMERCIAL.

Otago Daily Times, Issue 18511, 23 March 1922, Page 4

COMMERCIAL.

LONDON WOOL SALES. Messrs Dalgety and Co. (Ltd.) report having received the following cablegram from London, dated March 21: —“Sales continued very firm, competition active. As compared with last sale’s closing rates finest merino prices are rather dearer, merino wools good, a change, if any, is in sellers’ favour; merino inferior and faulty par to 5 per cent, lower, crossbred fine and medium quality 5 per cent, lower, crossbred coarse unchanged, comeback wools unchanged, slips and crossbred wools, scoured, unchanged, except crossbred wools, faulty, 5 per cent, lower. Sales close 30th March. The sales now show a considerable improvement on the opening rates.” PROPERTY SALE. James Samson and Co. report having sold at their rooms yesterday, acting under instructions from the mortgagee, a large private hotel known as the Northern Hotel, situated on approximately half an acre at the comer of Tyne and Wansbeck streets, Oamaru. Several buyers from Oamaru were present, os well as local purchasers, and after competition the property was knocked down to Mr J. Moore, of Oamaru, at a satisfactory figure., WAIPAHI STOCK SALE. The following are some of the prices obtained; —Store lambs, 14a; sound-mouthed ewes, 16s 6d; failing-mouthed ewes, 10s; two-year-old steers, 52. A few lota of sheep were passed in, and or.e lot of young cattle, the offers not reaching owners' ideas of values. The attendance of buyers was smaJl owing to harvest operations.