COMMERCIAL.
The local agent of the Now Zealand Loan and Mercantile Agency Company has received the following telegram from the London ofiice of the company, dated 19th August :— Wool. —The sales progress firmly. Up to date 58,000 bales have been sold. Home buyers arc operating with confidence. Competition on German account is active, and on French account dull. Wheat.—Market depressed. Adelaide is worth 38/-, New Zealand 30/-, and Tuscan 396 per 4901b. Adelaide f.a.q. is worth c.i.f. to arrive 36/1 per 480Ibss. The yield of the crop in the United Kingdom is above the average, and is estimated to bo fully 11,000,000 quarters. Tallow.—Market firmer. Mutton is ■worth 35/6 and beef 35/-. Leather.—Firm. Best sides are worth Hid per Ib. N.Z. Hemp.—Fine is worth £21 and common £17 per ton.
By Electric Telegrami.—Copyright. (reuter's telegrams.) (Received August 22, 0.4.1 a.m.) London, August 20. Consols remain at 100 i), and New Zealand securities at yesterday's quotations. Adelaide wheat, ex-store, remains at 30/-, and New Zealand ditto at 31/- to 40/-; off coast cargoes of Adelaide wheat have changed hands at 35/3 ; Adelaide flour, cxstore, 27/-. Australian tallow, average quality, beef 35/-, ditto mutton 35/-. At the wool sale to-day 10,100 bales were offered. Prices were firmly maintained. Fine Port Phillip and Sydney greasy wools arc Ul to Id higher.
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Bibliographic details
Daily Telegraph (Napier), Issue 4083, 22 August 1884, Page 2
Word Count
218COMMERCIAL. Daily Telegraph (Napier), Issue 4083, 22 August 1884, Page 2
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