COMMERCIAL.

Wellington Independent, Volume XXVI, Issue 3215, 2 June 1871, Page 2

COMMERCIAL.

London, April 22. The wool sales were largely attended. The competition was animated, and the prices for Australian was a £d to Id higher, The advance for greasy dee- j criptions was most marked. New Zealand, 1004 bales. The third series commences on June 22. Tallow, little doing. £707,000 of the New Zealand loan has been taken up at and above 90 ; £492,000 at and above £95 10s ; average rate, £95 17s Od. The New South Wales loan of £1,630,700 has been tendered for. Applications at £98 10s have been received for two-thirds, above that limit allotment has been made in full. Quotations of the NewZealand Loan Mercantile Company, three-eights to five-eights premium. The Trust and Loan Company's quotations stand at 1-jj- to l-|j- ; and the Otago and Southland Investment is a quarter dis. to a quarter prem. Monej market easy. Bank of New Zealand 10£ to 16£. Closing quotations : New Zealand Sixes, 108£ to 109 £ ; Fives, 97£ to 08*. 300 bales of flax were offered; old parcels and of low quality, and low prices were accepted. Holders of good samples are firm. An L&S parcel realised £34. Large arrivals by the Countess and William Davie are expected to depress the prices. San Francisco wheat is high. There are no shipments. Local millers buy on speculation at 2£ to 3 cents, per 1b for fair samples. Flour, best samples, 8 dols to 8 dols 25 cents. The wool market is inflated — 25 cents, to 33 cents, for common.