COMMERCIAL.

Daily Telegraph (Napier), Issue 3170, 26 August 1881, Page 2

COMMERCIAL.

The local agent for tbe New Zealand Loan and Mercantile Agency Company has received toe following telegram from the company's London office, under date August 23 :—The wool sales, comprising about 343,000 bales, opened to-day at the level of last stile pvices for all sorts except cross-bred, which bns declined to Id per lb; 33,000 bales have been sent to the manufacturing districts direct. The opening catalogue contained 8000 bales.

Messrs M. R. Miller and Potts report, having held their usual monthly sale of sattle unci horses at Waipawa yesterday. There were very few cattle yavded, the weather being so wet, that owners of stock could not bring them in. Most of tho cattle that came to hand were sold at for two years' steers, £4 15s to £4 17s 6d ; 18 months' steers, £4; cows, broken in and quiet, £6 to £710s; heifers, unbroken, £4 10s. Horses. —69 draught and hack horses ■were yarded and all sold, there being alarge attendance of buyers and bidding very brisk. For draughts the prices realised were 2 at, £40, 2 at £36, 3 at £30, 6 at £28, 5 at £25, and the remainder at from £12 to £25. Hacks from £5 to £15 Young stock from £2 10s to £6. The Clydesdale Yorme Pngdale was knocked down to Mr Webster for £70, and the imported trotting stallion, Serenader's Double, after spirited bidding, was knocked down to Mr Monteith for 61 guineas.

(by cable.)

London, August 24. Three per cent consols have advanced one-eighth, nnrl are quoted to-day at par. New Zen land securities continue firm at the following quotations :—Five per cent 10-40 loan, 104 ; five ppr cent, 1889 loan, 103; four and a half per cent 1879-1904 loan. 100-}. The demand for Australian and New Zealand breadstuff's continues, and to-day's quotations show a further advance of 1?, namely, A dplaide wheat, ex-warehouse, 57s ; New Zealand wheat, ex-ship, 56s 6d ; 4 dolrtide flour, ex-warehouse, is unchanged at _os6d.