THE WOOL SALES.

Otago Witness, Issue 2210, 9 July 1896, Page 15

THE WOOL SALES.

London, June 30.

At the wool auctions bidding was spirited, though prices show from par to 5 per cent, deolme. ,•

July 1.

At the opening day of the wool sales 9918 bales were catalogued, but the selection was. only mediocre. There was a large attendance of buyers from Home and the Continent, but the Americans were absent. Competition was spirited. Crossbreds were unchanged, but merinos declined 6 per cent., the fall being most noticeable in inferior sorts. The wool sales continue firm at the opening rates.

An excellent selection was offered at the wool sales to-day, and competition was brisk.

July 3. The wool market is firm with prices unchanged.

At to-day's wool Bales the highest prioos of the series were realised. Orossbreds especially were firm.

The total quantity of .wool catalogued up to data is 57,400 bales, of which 52,800 bales have been sold. Lustrous crossbreds show an ccawtonal ftteasccj e&er sorts axe

unchanged. Splendid selections are bsiog offered. •

Sydney, July 6.

The wool sales opened this morning. There was a large attendauco of buyers. Bidding was keen at first. The oatalogue was devoted to merino?.

M«isrs Dalgety and Co. are in receipt of ths following cablegrams from their London office : Dated London, June 30 :— " Wool sales opened with a fair selection and a large /attendance of bufe:s. Competition was' tairly animated. Ikic4B for the bulk of crossbred and good merino weols are on a par with clcsiog rates of last series, aud for the balk of medium and inferior woule any change w in favour of buyers." Dated London, 2ud insfc. :— " Wool caleg oontinue active and competition is brisk. The principal operators are English and Continental buyers. So far the Amerioans hava taken noth'- " ~

8The National Mortgage and Agency Company have received the following from their London office :— " Merino wool, all descriptions, steady. Crossbred woo), all descriptions, firm with hardening tendency. The present price of New Zealand mutton is 3d t? 3M pet lb."

COMMERCIAL TELEtiRAK*.

London. July 1. The quantity of wheat and flour nftaat for the United Kingdom is 1,900,000 quarters, aud for the Continent 1,050,030 quarters. The American visible supply of wheat is 01,400,000 bushels. Shares in the National Bank of New Zealand aw at 355.

Bank of New Zealand 4 per cent, guaranteed stock, 106. New Zealand Loan and Mercantile's prior Hen debentures, 101.

Jnly 3. The weekly' returns of fchfl Bank of Bogland published to-day show the total liabilities to bo £37,322,000, and the. proportion of reserve to liabilities 5443. _ Three months' bills are discounted at $ per cent. Oonscls, 113£. Colonial stocks are thus quoted — -

Variations — "Pv.Ve compared — -f"ce. Wlth last week.' £ a. d. 4%'N.S.W. ... „. ...12115 0 unchanged 9h% N.S.W. 110 .0 0\ - %N.S.W. -...102 35 0 10s)»5ek» 4 '/. Victorian 115 0 0 unchanged 3}% Victorian 107. 5 0 unchanged 4 % South Australian ... 115 15 0 Itis higher 3J '/. Sjuth Australian ...111 0 0 unchanged 4V. Queensland ... i ... 116 0 0 53 higher 3J- % (Queensland 110 15 0 20^ higher 34 X TiMrianian 110 15 0 5s higher 3i % West Australian ...112 5 0 5s higher 4 % New Zealand 117 0 0 unchanged 3J % New Zealand \. ' ...109 0 0 5s lower 3 '/. New Zealand ... • ... 103 0 0 unchanged

New Zaaland frozen mutton : First quality, 3£d ; second quality, 3-|d ; lamb, 4|d. * New Zealand hemp i« unchanged.

The English wheat market is qnieb bnfc steady, tho Continental shows a. general advance, while the American is steady. Sugar : Gsrman beet, 10i ; Java, 12a 6d. No. 1 best Scotch pig iron (t.o.b. in the Clyde), 463.