THE LONDON MARKETS.

Otago Witness, Issue 1581, 11 March 1882, Page 15

THE LONDON MARKETS.

Messr? Denniston and 'Co; have received the follow- ; mg telegram from Messrs J. Morrison and Co., ' London, dated 28th February :— ,' • „ . , 'The opening series of wool sales for this year opened to-day. The quantity available is 290,000 bales, of which 245,000 are from the Australasian Colonies and 46 000 from the Cape. • Thero is ample competition for all kinds of wool from both Home and foreign buyers. Bidding for all descriptions was animated. Tho series has opened without chango, and generally on the level of last sales prices Compared with a year ago present rates may be quoted 2J per cent, higher. Trade in Germany is good, and buyers from that quarter will support the market. Trade in the French manufacturing districts is quiet. Stocks everywhere are moderate.

The New Zealand Loan and Mercantile Agency Company (Limited) have received the following telegram from their London office, dated February l ißth* -

Wheat.- Market quiet. Adelaido is worth 65s per 1961b ; Now Zealand do, 525. ... . . Tallow.— Market inactive Best mutton is quoted .it 44s per cwt. ; best beef, 395. Leatner.-Markot flat. Best sides aro worth lOJd Zealand Hemp. -Market dull. Fine quality is .elling at £27 per ton.

The British and Now Zealand Mortgage and Agency Company (Limited) have received the following teletfram from Messrs Helmuth Schwartze and Co., London, dated 28th February:— "The sales opened with large attendance of both Home and foreign buyers. Competition is animated. Prices are equal to closing of last series. Our first tale will be held on Ist March." «„«„„ A telegram from Reefton states that the Golden Treasure Companj's return for the month was 2440z of smelted gold from 166 tons of ptono. A dividend of Cd per 24,000 th share was declared.

The British and New Zealand Mortgage and Agency Company (Limited) have received the following telegram from Messrs Helmuth Schwartze and Co., London, dated Ist inst :— " Prices for crossbreds are rather higher ; for all other sorts are very firm. Lambs' in good requost.