COMMERCIAL.
The following late telegram from New York was published as a special commercial supplement to tho California " News of the World" on July 19th :-— New York, July 19th.— Tho only item of interest connected with the Australian trade is the charter of tho ship Jason, 878 tons, of Cameron's line, for Melbourne and Sydney, and the bavquo Chattanooga, 526 tons, Mailler's lino, for Melbourne direct. Otherwise the market is very quiet. The barque James S. Stone sailed July 12th for Melbourne. In addition to cargo beforo noticed, she has 220 cases oysters, 100 barrels plaster, 500 boxes clothes pins. Our market and trade materially very quiet, tho heat being oppressive, and a large number of business men being out of the city. Kerosene, dull at 32c; sales Devoe's, for Melbourne, via Boston. Activity in wool continues at full rates. Demand for foreign wool good, and prices, inclined to harden. Sales this market, 25,0001bs Australian, 50c to 55c. Afc Boston, 2,451,000 Australian and New Zealand, 48ic to 56 % e. Flax dull. The reliable announcement of tho reduction of discount of the Bank of England to two per cent, with the further increaso of bullion in its vaults, has contributed to weakness of exchange and gold market, and rates have ruled lower. The great success of tho French loan has assured capitalists that no disturbance of tho European money market will be caused by the payment of the indemnity to Q-ermany, and there is a degree of confidence in trans- Atlantic monetary circles which has not been witnessed for a long time. Wool — Advance established on opening night haß assumed increased proportions, and extends to all descriptions. Tho average advance amounts to 10 per cent, bub in come instances greater. Hides, fair demand ; sales at 50 dols to 55 dols. Tallow, firmer ; offering in good demand at 8 dols to 6 dols ; higher for beef. New Zealand flax attracts little attention.
COMMERCIAL.
Wellington Independent, Volume XXVI, Issue 3283, 22 August 1871, Page 2
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