COMMERCIAL.

Star (Christchurch), Issue 16330, 20 January 1921, Page 8

COMMERCIAL.

DUNEDIN WOOL SALES. [Per Prms Association 7 DUNEDIN, January 20. The wool which commenced y»tterday afternoon, was considere-d satisfactory. At 11.30 p.m., when the sale stopped ior tco day, about 75 per cent of the offering, totalling 9605 bales, was disposed of. Men ses were in r. disappointing condition, except for a. few super lots, and the prices, compared with the Christchurch sale, mei c There was a good demand; -or m.ibroils', but for thin-haired wools tho demand whs not keen. The featuro of the sale was tho demand for showy cross-bred lots. Tho following prices were realised: PIECES. Super, fid to 12<3L Medium to good, 5Jd to 7?d. Inferior, 3jsd to sd. BELLIES. Super, 7sd to 9d. _ Medium co good, 5d to 7d. Inferior, 3d to 4&d. LOCKS. Half-bred, Sd.to 4d. Uiosa-bred, lid to 3d. DUNEDIN, January 20. The wool sale wts continued ‘ this : morning, the offering consisting c-f star 10t.3 only. .It. was a dragging salo, 'many buyers being absent. ’ The opinion was expressed in wool circles that tho offering of large quantities iu the present statti cf the market, was not justifiable, and the offering should he limited to quantities buyers were likely to lift, saj--6000 or 6000 haISA The latter part of evory sale so far has dragged. BANK. RATES. [Per Press Association.^ V/EL LING TON, January 20. The following bankiag rates have com# 1 into force to-day:—Exchange on London selling rate for telegraphic transfers, 60e per cent; fixed deposit rates—three month.3 per cent, six months 3 h per cent, twelve months 4 per cent, twenty-four months 4{ per cent. Advance rates <»n minimum rate 1 for overdrafts, €£ per cent; disocunts, 6 pei cent.