COMMERCIAL

Bruce Herald, Volume VI, Issue 403, 31 January 1872, Page 6

COMMERCIAL

London, December Ist. Wool is firm. Consols, S2|- to 92§. Copper is firm, and tallow easier. The wool sales commenced on the 23rd November, and close on the 7th December. The number of bales catalogued to date was 38, G00. The attendance of buyers was large, and the competition very brisk at the commencement. The September prices were fully sustained. Clothing scoured, from Sydney, Melbourne, or New Zealand, brought Id to iUd in advance. The next sales commence on the Bth February. The mirket is healthy and active, and -encouraging to buyers.

The Cotton market is quiet.

The Alexandrine arrived from Auckland with 120 bales' of fiax. Since the 18th November the market has been very firm. 1500 bales have been offered at auction and all s;iM, showing an advance of o'/s per ton for the month Considerable business has been d'flie in flax for America at L 27 to L3O a ton second-hand parcels. There is a great demand foi low scrts at L2O to L 23, but is very scarce.

The market for Kauri gum remains quiet-. 3000 cases were offered at auction and a portion sold at 10s to 12s for dressed, and for bright, and well scraped 35s 6d to 50s were

realised

The shipments of tallow from Australia for the month are short. The market has hardened for Y.C. Australian mutton, L 47 to L4S ; beef, L 45 t<) L4(5.

New Zealand Securities : — Sixes, 110 to 112 ; fives, 102 to 103 ; consolidated sixes, 111 to 114. New Zealand Loan ;md Mercantile 5 to I premium ; New Zealand Trust, and Loan, li- to V} premium. Otago m d "Southland Investment, -J- to § premium. Bank of New Zealand, to 19\. Ths Bank rate of discount was reduced to 3}, on the 30th. There is no dem ir.d for disc unit at tjio !Jank, and in open market there is but little enquiry at 3J- to 3}. There is very little business doing iv the general share market. Government securities are unaltered.