COMMERCIAL.

Press, Volume XXI, Issue 2490, 29 July 1873, Page 2

COMMERCIAL.

London, July 19. The wool sales opened on the 10th with two hundred thousand bales arrived. Six thousand five hundred were offered. The attendance of home and foreign buyers was good, and biddings spirited throughout. Crossbreds showed a decline of one penny at the opening.buthave since improved. At the close of the sale there was an advance of a penny on the average, and for superior combings twopence to threepence.

The New Zealand Fibre Works Company propose establishing works in New Zealand for manufacturing the company's fabrics. The New Zealand debenture loan of £200,000 at 4 per cent was a failure owing to fixing the minimum at 105. Tallow dull. Oil— Sperm, £92 ; petroleum, 14d. Leather, beat sides, x2d to 13d for heavy ox hides ; 6jd for light ditto. Pig iron, 103s. Copper, £90. Australian tin ore £70. Adelaide wheat 60s to 625. The estimated exports of the Californian harvest is 600,000 tons. Breadstuffs are firmer. The next wool sales take place on October 2nd. New Zealand Consolidated Fires, 104£. Victorian Sixes, April and October, 112 ; Fives, January and July, 105£. New South Wales Fives, 104$. The Australian Agricultural Company declare a dividend of 8|- per cent. The Union Bank declares 13 per cent; South Australia, 10 per cent. Hemp and cotton are lower. Discount, 4£. Money is easier.