Commercial.
Messrs Murroy, "Roberts and Co. hare reoeiued the following cablegram under date London, May lOtb ; —The wool sales opened ■with a very large attendance of buyers, the foreign buyere being the principal operators. Prices for washed and greasy merino and good oross-bred are about equal to those of closing rates of last sales. The New Zealand t oan and Mercantile Agency Company report, under date London, May 10th—The wool sales opened to-day at an average decline of 5 per cent, on the closing rates of the last sales. The sales comprise 337,000 bales. The opening catalogue contained 5100 bales ; 26,000 bales hare been sent to the manufacturing districts direct. Competition by both Home and foreign buyers is active.
(BY OABIE.)
London, May 10. Galvanised iron, 26 gauge, has declined to £16 per ton.. Best Scotch pig iron, No. 1, free on board ill the Clyde, has declined to 48s per ton.
Melbottrns, May 12
There is a better demand for New Zealand oats, which are now quoted at 2s 9d to 3s 4d per bushel. -
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Bibliographic details
Daily Telegraph (Napier), Issue 3082, 13 May 1881, Page 2
Word Count
176Commercial. Daily Telegraph (Napier), Issue 3082, 13 May 1881, Page 2
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