COMMERCIAL

Waikato Independent, Volume XXII, Issue 2576, 25 July 1922, Page 5

COMMERCIAL

THE HOME MARKETS LONDON WOOL SALE The Department of Agriculture has received the following cablegram, dated 19th inst., from the High Commissioner for New Zealand, London: — Wool sales opened Tuesday with a large attendance and keen competition, especially from Home and French trades, and the tone was strong. Prices generally show little change from June series though superior merinos and fine crossbred are somewhat dearer. Scoured and fine slipe are also about. 5 per cent higher. Offerings for the scries are 46,000 bales 8.A.W.E.A., including 10,500 bales New Zealand and 105,000 bales privately owned, of which 39,000 bales are New Zealand. With a view to affording buyers an opportunity of clearing recent heavy purchases of crossbred, B.A.W.R.A. have decided to withdraw as far as possible all descriptions below 50’s (half-bred) from current and September series. A limit fully equivalent to June values will be placed on such parcels as may be offered.