COMMERCIAL.

Poverty Bay Herald, Volume X, Issue 2034, 14 November 1883, Page 2

COMMERCIAL.

ANTWERP WOOL SALES. Messrs Common, Shelton and Co. have received the following cablegram from Messrs Sanderson, Murray Mid Co., their London agents :— " London, November 11th, 1882. Antwerp wool sales declined one farthing perlb. WOOL. In Miller's Hawke's Bay Stock and Station Report, the following reference is made to the wool trade :— The extreme low prices at which Lincoln and coarse crossbred wool has been selling at home for the past two years is very crippling to growers of that class. However, it is now reported that these continued low rates have had their usual tendency, and are now a •trongr inducement to manufacturers to reintroduce these wools into fabrics, which will be pushed into consumption from the cheapness of the material produced, as was the case in 1878-79, when from the same causes large orders were taken ; thence arose the high price to which this class of wool rose in 1880, almost a* a bound from an average of Sd to 15d per lb. This high rate promptly checked the consumption. The pnesa ruling for merino have remained more steady. By telegraph to-day from Melbourne tho accounts of th» wool sales there are very encouraging-. Messrs Ooldsborough and Co. report that of their catalogue of 9,000 bales, $,000 wero sold. Medium to superior greasy bronght lOd to 13gd, and ordinary to good scoured 14d to 20d. Brisk competition was experienced. Several growers here intend this season to Ship to Melbourne for salo there.