LATE COMMERCIAL.

Sun (Christchurch), Volume I, Issue 143, 23 July 1914, Page 10

LATE COMMERCIAL.

LONDON WOOL SALES.

The Bank of XewL Zealand- has received the following, cable from its London office:—The sates liave -closed firm for all kinds .of .- wool. There is an active demand by -all branches of the trade. Total quantity held over, 8000 bales, of which 7000 bales are New Zealand. . -. / . Current prices for .North Island far- ■ mors' lots-r—Coarse crossbreds 36/40's quality average condition, lid < to ll£d - per lb; medium crossbreds . 44/46's quality, llfd to lb; fine crossbreds 50 's quality, 13£ d to 14$d;lfc. Currgnt .prices for South Island farmers ' 4ots (Canterbury style)—lnferior merinos, common 60/64's quality, average condition,. 12d to 12Jd per lb; - superior^merinos, super 60/64's quality, 14|d to 15$ d per lb_j half or quarterbred 56's quality, .average condition, 14$ d to 1 .per lb. . • - , . The following is a copy of a cable received byJDaJgety and Go., Jitd., from their London office:— The wool sales closed act.iye', and competition brisk as compared with last sales closing rates. Prices are: —Forscoured merino wools fi per cent, to 7| per cent, higher, except shortk faulty wools which are par to o per cent, lower. Greasy combing merino 5 per cent, to 71 per cent, higher; other descriptipns of greasy merino wools 5 per cent, higher.' Greasy fine quality crossbred wools 5 per cent, to 7A per cent, higher. Gresisy medium quality crossbred wools par to 5 per cent. : liigheri ;OjPeasy r eoarse ; i crossbred wools are unchanged, except shabby crossbred which are par to 5 per cent, lower. Scoured crossbred wools, fine quality 5 per cent, higher, and medium and coarse 5 per cent, lower. Slipe fine crossbreds par to 5 per cent, higher and medium uu<J coarse is 5 per cent, lower. Good greasy lambs' wool is unchanged, but inferior is 5 per cent, lower. The total' net. quantity available was 146,000 bales, of which 17,000 were sold to America, 87,000 for Home consumption, 34,000 to the Continent, and 8000 carried forward; 3000 bales were not offered.