COMMERCIAL.

Daily Telegraph (Napier), Issue 3649, 24 March 1883, Page 2

COMMERCIAL.

The local agent of the New Zealand Loan and Alercantile Agency Company has received the following telegram from London, dated the 21stin-4ant :— AVool—The sales closed firmly. The total quantitA" sold during the series Ava.s 27-U'HiO bales. 22J)00 bales have been held over for future disposal, 6000 bales have been taken for America, and 150,000 bales for the Continent. Alodium and inferior greasy, Inrvc declined /d to Id petlb: long staple merino light in grease, long sta.ple merino washed, long staple merino scoured, crossbred good quality light in grease, cross-bred good quality Avashed, cross-bred good quality S'-oured. have advanced nearly .',d to Id per lb. For coarse greasy cross-bred, coarse 'washed cross-bred, coarse scoured cross-bred, market easier. For merino lambs, market firmer. []JY cable.] London, Alarch 22. Consols, 102/. The market rate of discount has declined to 2/, and is now one-eighth below tho bank rate. New Zealand securities. —5 percent 10-46 loan, is at lON/, an advance of £1 5s jjc-r cent; 1880 loan is quoted at 100, ;-._. advance of £2 Is per cent: inscribed stock is j at 102, an advance of 10.-. Total reserve in notes and bullion in the 1 Bank of England is £13.000,000, a reduction of £300.000 during the Aveek. Proportion of reserve to liabilities 41 per cent. Colonial breadstuff's remain at Inst quotations, viz., Adelaide flour, 31s Gd : Adelaide Avheat, 50s ; Ncav Zealand Avheat, 465: all ex store. Australian talloAv remains at 10s Gd for beef, and 13s Gd for mutton.