COMMERCIAL

Poverty Bay Herald, Volume LIX, Issue 17953, 3 December 1932, Page 8

COMMERCIAL

LONDON WOOL SALES FIRM TONE IN MARKET (Received Dee. 3,2 p.im) LONDON. Dec. 2,. At, the wool sales £452 bales were, offered, including 2-105 New Zealand, and about dliinO sold. There was a tirni lone, especially lor all better sorts, ami -rood bo'ii ■ and Gonliiienlal competition. New Zealand greasy crossbred, “GT/L-S, - ;0 !d at dd: luih'e-rciL “ bye.” .lOjd: scoured quarterbred, Mount Ilulf, Iscl (top) ami 12jd (average). The Bank of New South Wales has received ilie following advice from London ; “Wool is firm at the opening rates, vather in sellm U favor ; competition js c mid. NATTER WGGxj SALE Now that the Auckland wool sale has cecii disputed oi, Gisborne growers are liming Hu ii- ‘audition to the Napier sale, which will be held on Tuesday, lho Aucidand auction was a- disappoint meat-fur He,borne farmers, for, altliough t-lio tiii'cv types of wool sold at favorable rat as compared with recent develop aunts. Hie prices for crossbreds of the typo grown in Gisborne were, not encouraging'. The wools at the Napier sale, however, are usually brighter and more attractive than the Auckland district’s clip, although there lias been an improvement in the north of rc/jent years, and a. slightly better demand for the crossbreds at Napier may bo the result. The wool at Napier is reported to be ill particularly good order, and for weight and condition the clip is regarded as one of the best for some, years There is a- complete absence of dust that marred many of the offerings of last season. Much of tlm hcld-ovor wool has been collided. and it is estimated hat it will ijK'ii up in very fair order.

LONDON MARKETS The Bank of New Zealand is in receipt. of the following advice from London as a,l the close of business this week : “.Wethers : The market is becoming firmer owing to the small supplies available. Ewes: The market is well supplied. Lambs: There is a moderate demand ; prices are a shade lower. Quotations: Wethers, light 4-id to dial, heavy 79,(1 to 4d; ewes, 2§d to 3'jd : lambs, twos 6|d to 7*l, eights 5-jd to UU. fours 5d to 5Jd, seconds 5d to bid.”