COMMERCIAL

Timaru Herald, Volume XIIIC, Issue 13730, 21 October 1908, Page 5

COMMERCIAL

Rress Association-Bv Taiegraph-Copyriglii "LONDON. Oct. 19. Th? wii- :i: and (four arfoar for the Unitetl Kingdom amcuhf • to 1,995;0C0 quarreiG, aiul for iLe (.-'oniinent. to 2,070.C00 quarters. Tlie Atlantic fihipm?nis for the w.'el: total 395,000 quarter.-, and ihe Pacific shipment oo,oCw quarters. Silver. ]K-r 07. ' ' R:-t.rive.l 9.45 p.m.. Ocioher 2oih. LONDON. October 20. At tin- wool ;nL.s. bii.-k general cumpetirion was ina ntained iill tile olos.e of the ?jlr.-, the Americans bidding keenly. Thr quantity sold for the hcin'r msvbe*. was 1C6.500 bales: 'for the Continent. 102-.000, 'and Aun rica SC00: held over. 37,C00. Compared wiUi the duly tales, greasy merinos generally were unchanged, a 'good pant! being occasionally 5 per c-rit. higher; scorned merino was 10 per i- -111. lower, fir.e. tro. ibred ]>:ir io 5 per tent, higiirr. mediuiu coats* par io 5 petcent., and slipes and scoured Id lower; lambs u\ve rmchanged. The New Zealand Loan, and Mercantile Agency Company, Ltd., have received the following cable advice from their London house under date of the 19th inst"As compared with lart- sides closing rates, prices are about the same for- crossbred lambs, greasy crossbred and fine crossbred sb'pe; about. 5 ]>er cent. _ lower for lambs and medium crossbred elipe; about 5 .per cent, to 7J per cent.' lower for scoured merino super., and about par ro 5 per cent, higher for greasy merino. Sales closed firmly this day. Mi.-srs Dalgety and Co. report under date London, October 19th: —"The .wool sales closed firm. As compared with- closing rates of last, series super greasy merino and fine quality greasy crost-bred are par to 5 per cent, higher; gre;isy, merino of good quality and condition, unchanged; greasy merino inferior par to 5 per cent, lower; scoured merino wools sto 10 per cSnt. lower; greasy crossbred- medium and coarse quality par to 5 per cent, lower; scoured crossbred wools 10 petcent. lower; i-lipe wool 5 to Ik per. cent, lower.' The rotal net. quantity available amounted to 257.000 bales, of which 8000 bales were sold to America. 109,0C0 bales for Home consumption, 102,000 bales for the Continent, leaving 38,000 bales to be carried forward, in addition to the 20,000 bales which were not offered. Should -.political complications be avoided a slight advanc-e is probable later on." , -