COMMERCIAL.

Daily Telegraph (Napier), Issue 3823, 17 October 1883, Page 2

COMMERCIAL.

Messrs Murray, Roberts and Co. have received the following report on the wool market from their London firm, dated 21th August : —•" Tho quantity of wool catalogued on tho 21st inst. was considerably in excess of that generally put forward on a first night, but the lots were not more representative than usual, and tho poor assortment, rendered it somewhat difficult; fo form a correct csliinate of (ho slate of Ihn market. Prices opened very irregular, and so far as we wore able to judge showed a decline of about .Id per Hi all round, which information we cabled to the colony in the evening. Subsequent sales have confirmed our opinion, but the many irregularities reveal even greater weakness than was at fh-st appai'eni", and in many cases the fall is even greater. Heavy short merinos, and tho finest grades of greasics, have suffered most, while medium greasies, good combing scoured*, and the small quantity of western fleece wool, are more regular in price. The attendance was only moderate, and tho room did not present by any means an animated appearance.

[By Cable.] Mkmiouh.ve, Tuesday.

Advices to hand from Foochow, under date October 11, estimate the exports of tea for the colonies at 12,700,000 lbs. Tho market prices .show a gencal advance. Medium congous are higher. The stock generally is of an undesirable quality. Messrs C. S. Ro*s and Co., of this city, report the sale of a cargo of kauri timber ex Kentish Lass at the following average p.lices: —At per 100 feet super, hewn logs 11/3, sawn flitches 15/- ; at. per 100 feet lineal, tongucd and grooved flooring, 6 x I, 8/3. Tho market is very weak. The Melbourne manager of the National Mortgage Agency Company of New Zealand (limited) reports of the local grain market as follows:—Tho wheat market is less deprcssod, but not much doing, shipping parcels 'IT), and fowl's wheat 3/6 to -I/-; malting barley, -1/0 to 5 0, with market irregular; New Zealand oats are quiet at 2/11 to i'J/1 for feeding, and 3/2 to 3/3 for milling sorts; New Zealand oats, under bond, 2/2 to 2/-1, with market steady, but demand not active.