COMMERCIAL & FINANCIAL.

Evening Post, Volume LVI, Issue 18, 21 July 1898, Page 4

COMMERCIAL & FINANCIAL.

« THE LONDON WOOL SALES. (PREBS ASSOCIATION. | Lokdon, 20th July. Tho wool sales havo closed. Tbo mnrket hardened throng bout, and closed at the highest, poinL, with the oxcopiion of low croshbroils. Compared with May prices, medium to faulty merinos were 7^ |>er cent, highor; fine cvosshrods, 5 per cent.; best merinos, from par to 5 per cunt.; and low crossbreds, 5 per cent, lowor. The Dnntrooii clip realised 7^d per lb. The number of bn Ics withdrawn amounted to 39.000, almost entirely composed of crossbroils. Tho Yorkshire manufacturers were heavy operators, owing' to the absence of American buyers. The beat sorts have advanced least. The quantity catalogued dv» ing the series was 231,000, of wliioli 140,000 wore sold to Homo buyers. 91,000 to Continental, and 500 to tho Americans. (Roceived July 21,10 a.m.) London, 201.h July. Tho total quantity of wheat and (lour afloat for tho United Kingdom is 2 470.000 quarters, and f.-r Hie Continent 1)50.000 quarters. The Amorioim vi-iblo wheat supply is estimated at ltf,<i:'.2.oo() busholß. Tallow—Prices for all ?orls arc unchanged. Sliiirea in the National Bank of New Zealand are quoted at £'2 ss; Bank of New Zealnnd 4 per cent, guaranteed stock, 103 ; Now Zealand Loan and Mercantile Agency Company 4 per cent, prior lien debentures, 90. Sydney, This Day. The opening 1 sales of now season's teas were satisfactory both as regards the volume of business and tho prices. Tho importers for the first time for some years obtained covering rales. There was a strong demand tor the better classes, both locally and for export.

Mi'ssrs. Murray, Eoborts «t Co. have received tho following wool market cablegram from thoir Loudon hou.se. Messrs. Sanderson, Murray & Co , dated 19th July. 1898 :— The sales havo closed with rates practically unchanged, except lor jj-rcany merino, extra good, for which the market has advanced 5 per cent. Compared with the closing rates of last London sales, the markot for ISew Zealand greasj' merino shows no material change.