COMMERCIAL.

Star (Christchurch), Issue 18380, 4 February 1928, Page 2

COMMERCIAL.

The Department of Agriculture has received the following cablegram, dated February 2, from Messrs Landale and Clark. Ltd., Calcutta, with reference to the linseed market:— ** We quote £l6 7s 6d for linseed per ton net c. and f. Sydney, for immediate shipment. Market WOOL. The Department of Agriculture has received the, following cablegram, dated February 2, from the High Commissioner for New Zealand, London:— Wool sales closed yesterday. Large attendance of Home and Continental buyers throughout; competition brisk and general. Compared with closing rates last series, super merino 5 per cent, good shafty 5 per cent to 10 per cent dearer, other sorts unchanged. All grades of greasy cross-bred in small supply, closing generally 10 per cent higher compared with December, with exceptional lots of medium cross-bred frequently 15 per cent. Only small quantity of sliped offered. which advanced 7i per cent. Average closing rates;—6o-64’s super (nominal), 2s 4d to 2s fd per lb, average Is 9d to 2s Id per lb; 56-58’s (nominal), 2s 3d to 2s 6«1 per lb; 50-56’s, 2s to 2s 3d per lb; 48-50’s, Is 9d to Is lid per lb; 44-4e*s. Is 7d to Is 8d per lb; 36-40’s, Is 5d to Is 6d per lb. Ot the total colonial offerings, 88,090 bales were sold. 51,000 for export, including 2500 for America. Market dosed very firm, with all sections of trade buying. Next series commence March 13. LAND SALE. Messrs Fyne, Gould. Guinness, Ltd., held a. land sale at their offices this morning, when two properties weie offered for sale. No bids were received for a property of 108 acres at Amberley on account of the estate of R. E. Wornall. The other property offered, 193 acres at Russell Flats, was purchased by the mortgage*?.