COMMERCIAL.
The Napier iigcmt of tho New Zealand Loan and Mercantile Agency Company has received the following telegram from the London ofhVo of the company :—Wool competition is increasing, and the market is firmer, except for lambs', which has declined Id to I'd per lb. Homo buyers are purchasing "freely. Up to d.-ito 35,000 bales have been sold. The list closed on the Ist instant.
By Electeio TELEc.nArn.—Coi-vaioiiT.) (Reuteb's Telegeams.) (Received May 5. 2.30 p.m.) London, May 3. Cousolshavcdeclinedby three-eighths, and are to-day quoted at 101 J. The market rate of discount has risen to \\, and is now 1 per cent, below tho bank rates. , New Zealand securities remain at last quotations, namely, five per cent. 10-10 loan, 103?; five percent. 1889 loan, 102-i, cx-div. ; four and a half per cent. 1879 1901 loan, 101 : |; four per cent, inscribed stock, 99,'r, cx-div. Colonial brcadstuifs and tallow are unchanged.
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Daily Telegraph (Napier), Issue 3690, 6 May 1884, Page 2
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148COMMERCIAL. Daily Telegraph (Napier), Issue 3690, 6 May 1884, Page 2
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