LATE COMMERCIAL

Gisborne Times, Volume XXVI, Issue 2358, 26 November 1908, Page 5

LATE COMMERCIAL

THE WOOL MARKET,

The New Zealand Loan and Mercantile Agency Co., Ltd., yesterday received the following cablegram from their London office, re wool: “Market opened strong for .all sorts. As compared with last sale’s closing int.es, prices are 5 per cent, to 74 per cent, higher for merino, 10 per cent, to 15 per cent, higher for crossbred. Bidding very active.”

SPIRITED COMPETITION

United Press Association. Copyright

LONDON. Nov. 24

At the wool sales the demand was very strong at the highest point of the recent improvement. Merino lambs wool sold ut 16d, super combings -load, and crossbreds 123 d, a record for the season.

The wool sales opened briskly with a 5 to 15 per cent, advance.

[Press Association.]

AUCKLAND, Nov. 25

The Auckland wool sales opened this morning, 4614 bales being offered. Competition was very spirited.- Very tow lots were passed. The prices obtained for wool offered by the first three firms were a decided advance oil the "Wellington and Christchurch figures, and only a farthing to a halfpenny less than at the opening sales last year. Fine crossbreds sold to lid. and averaged about 7d ; bellies and pieces brought front 3d to -Id. '1 here was very keen competition for bright, showy lieecos, while the demand lotdingy wool was weak. It*is estimated t-ha't the rise at today’s sale is equivalent to an increase of*3d per lb on the finer wools over the closing rates at the final sale of the season in February last. Throughout to-day’s sale the bidding was spirited for all bright and showy wool, while Shropshires also sold exceptionally well, Slid per lb. being received* by 'the Matakolie wool growers, Messrs Coates Bros. The only lines where competition was weak were.- amongst the coarse wools, but even there the increase is lid over the closing rates of the February sale. In addition there has been a rise of about id all round over the prices realised at the southern- sales last week, and altogether the position is regarded as extremely satisfactory, and likely to have a far-reaching effect on' business generally in the Auckland province.

TIMARU, Nov. 25

At the first wool sale of tlie season 37-52 hales were offered, mostly wellgrown, good-conditioned wool, but some of it heavy in grease. Clean, light, well got up lots were keenly competed for, and very few lots were passed. In all about SO per cent, was bought for shipment. The range of prices was,:—Half bred' super, 9Jd to 10-id; medium, Sd to Old ; inferior, 7d to Sd; three-quarter bred super, Sd to 9sd-; medium, 6hl to Sd; crossbred super, 8d to 9 ; ]d : medium nud inferior, oj-d to Sd pnerino (very little offering), first combing, 9:jd; pieces and bellies, 7-Jd; Leicester, ofd to 9 id; Romney, Old to 7id.

HOME MARKETS

United Press Association, CorvuiGHT LONDON, Nov. 24. Wheat. —0400 tons Australian December- January shipment, by steamer, -sold at 375. ( Shares unchanged. Copper. —Spot £O2 15s, throe months £O3 Is 3d. Tin.—Spot £135 17s od, three mouths £137 ,15s. Lead. —£13 11s 3d. MOTH STOCK SALE. 'Plie first stock sale of the season was held at Motu yesterday. All the local firms were represented, and Mr. L. O: Ingram, of Messrs Common, Shelton and Co., officiated as auctioneer. There avas only a comparatively small entry, and owing to shearing being in progress throughout the district the attendance of buyers was rather small. • f The following prices were obtained : Shorn 2-tooth-wethers Bs, store steers £4 13s, empty cows £2 ss, yearlings 15s. A pure-hred Polled Angus hull changed hands at- £lO 10s, and a few horses and a number of woolly sheep offered failed to find purchasers, ancl avpre passed in.