COMMERCIAL

Timaru Herald, Volume XIIIC, Issue 14151, 10 March 1910, Page 5

COMMERCIAL

THE LONDON MARKETS. Piess Asoociation-By Telegraph-Copyright LONDON, March S. The imports of rubber last year were valued at £1,000,000 more than the 190S imports. A cargo of Australian wheat sold at 395. The wool sales opened brisk. Merinos are slightly dearer and crossbreds slightly easier. Bank shares.—Bank of Australasia, buyers-1.03A, sellers 109J; Bank of New South Wales, buyers' 49, sellers 50; rest unchanged. Received 10 p.m.,. March 9th. LONDON, March 9. At tho wool sales, 7G9S bales were offered, including 6725 from New Zealand. There was a large attendance of Continental and Home buyers operating strongly, the Americans being reserved. Merinos were at par to 5 per cent, dearer; crossbreds par to 5 per cent, cheariar, best classes showing most depreciation. LONDON WOOL SALES. The National Mortgage and Agency Company of New Zealand, Limited, have advice that at tho wool sales which opened on Tuesday in London, there was an upward tendency in merinos, crossbreds are unchanged, and other sorts were irregular with a downward tendency. Messrs Dalgety and Co. report under date, London Bth March: —"The wool sales opened to-day with a fair selection. There was a large attendance of buyers, and competition was animated. Merinos generally are at par to 5 per cent, advance; fine crossbreds are ■unchanged and medium and coarse crossbreds are at par to 5 per cent, decline." The New Zealand Loan and Mercantile Agency Comp-my advise having received the following cablegram from their London house tinder date Sth inst.:—"There was a full attendance at the opening of the wool sales today, competition by Home and Continental buyers being active. The opening catalogues were fairly representative. As compared with last sale's clearing rates, prices are about the same for fine crossbred and medium crossbred, lower about par to 5 "per cent, for coarse crossbred and higher about 5 per cent, for greasy merino. America is buying suitable lots of ; crossbred." The Bank of New Zealand have received the following cable advices regarding the. second series of London ivool sales, which opened on'Sth inst.: —"The sales have opened with strong competition and large attendance of buyers There is a. good demand for all kinds of crossbred wool. Prices are unchanged. The market is strong for all kinds of merino. Prices are higher par to 5 per cent. The demand is active. Current prices for North Island farmers' lots—Palmerston North style: Coarse crossbreds, 36-40's quality. average condition, 10} dto lid; medium crossbreds- 44-46's, do., averj age, .12} d to ISd: fine crossbreds, 50's, do., average, 13} d to 14} d. The Canterbury Farmers' Co-opera-tive Association, are in receipt- of the following from, their London office under date March Bth:—"The wool sales opened to-day, and prices as compared with closing rates of last scries [ Merino, par to 5 per cent, hi'-dirr; fine crossbred. p">" ■"■"-dium and oo"*-se crossbred. Mr to J5 per cent-, lower."