TELEGRAPHIC COMMERCIAL.
(from our own correspondent.) AUCKLAND, February 7. Mr A. Saunders reports sharemarket as follows: — Sellers : Bank of New Zealand, new issue, £18 5b ; Colonial Bank, 50s ; National Bank, 68s ; Colonial, 50s ; New Zealand Insurance, 76s ; South British, 635 ; National, 24s 6d ; Union, 15s 6d ; Union Sash and Door Factory, £9 10s ; Auckland Gaa Co., £9 ; Kurunui Hill 10a ; Moanataiari, 40s ; Alburnia, 245. . '_. ' [by cabhb.] SYDNEY, February 7. Brandy, Kerosene, tobacco, and rice unchanged. No New Zealand wheat or oats in the market. . : , ADELAIDE, February 7. Wheat and flour unchanged. (by special wire.) WELLINGTON, February 7. The New Zealand Loan and Mercantile Agency have received a telegram from London advising that the next wool sales commence on the* 18th insfc. Messrs Murray, Common arid Co. have received the following from their London agents by Suez mail: — "London, December 17, 1878. Tha fourth series of salea for the year, which began on the 19th November, closed to-day. The total quantity available for sale was 172,700 bales. The total quantity catalogued for sale was 166,606 bales. The total quantity held over is about 35,000 bales. Prices at the opening showed on the average a decline of 10 per cent, on the rates ruling in the latter part of the previous series, and for about ten days the market became weak. It was evident that the purchasing power of the home trade was very limited, and the market was mainly supported by Continental buyers, who have taken about 80,000 bales. Crossbred and low scoured showed the greatest decline, and in the case of the former there has been no recovery, while for the latter the competition during the last ten days has been decidedly stronger. The sales closed with a fairly, firm tone, and at prices corresponding as nearly as possible to those of the opening night, and here and there a trifle firmer. The quantity of fresh arrivals to date is 21,500 bales." ■
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/HBH18790208.2.5
Bibliographic details
Hawke's Bay Herald, Volume XXI, Issue 5302, 8 February 1879, Page 2
Word Count
322TELEGRAPHIC COMMERCIAL. Hawke's Bay Herald, Volume XXI, Issue 5302, 8 February 1879, Page 2
Using This Item
No known copyright (New Zealand)
To the best of the National Library of New Zealand’s knowledge, under New Zealand law, there is no copyright in this item in New Zealand.
You can copy this item, share it, and post it on a blog or website. It can be modified, remixed and built upon. It can be used commercially. If reproducing this item, it is helpful to include the source.
For further information please refer to the Copyright guide.