COMMERCIAL TELEGRAM.
The New Zealand Loan and Mercantile Agency Company (Limited) have received the following telegram from their London office dated 3 7th instant: —Wool. —Since the close of last sales there has been considerable business by private treaty at an average advance of 10 per cent, on last sales closing rates, except for fine crossbred, which has advanced |d per lb, and coarse crossbred, for which the market is unchanged. Wheat. —The market has an upward tendency. Harvest prospects are discouraging. The United Kingdom harvest is deficient alike in quantity quality. Victorian wheat is worth 3os 6d per 4961bs ; New Zealand average quality, 33s 6d; New Zealand longberried, 355; New Zealand f.a.q. is worth c.i.f., off coast, 32s per 4801bs. Tallow.— The market is steady. Fine qualities are not in demand, but there is a good trade demand for lower and medium sorts. Good mutton is worth 265, ditto beef, 23s 6d per cwt. Leather. — Market steady. Best sides are worth 10f d per lb. Mother o’ Pearl Shells. — Market unchanged. Frozen Meat.— The market is depressed. Stocks are in excess of trade requirement?. New Zealand mutton, weighing from 65 to 701 b per carcase, is worth 4£d per lb.
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Bibliographic details
New Zealand Mail, Issue 756, 27 August 1886, Page 25
Word Count
201COMMERCIAL TELEGRAM. New Zealand Mail, Issue 756, 27 August 1886, Page 25
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