COMMERCIAL.
Messrs Kinross and Co. have received^ the following cablegram from London :—" The wool sales continue firmer, with increasing demand and prices somewhat higher. Demand is chiefly for England and Germany. Tallow has an upward tendency.
By Electric Telegraph.—Copyright. (reuter's telegrams.) (Received August 29, 1.5 a.m.) London, August 28. Consols have fallen to 100_. New Zealand securities arc quoted to-day as follows:—Five per cent. 10-10 loan, 105}; live percent. 1889 loan, 105]; four and a half per cent. 1579-190-1 loan, 99i ; four per cent, inscribed stock, 102 J. Tho market rate of discount has declined to l-?r; bank rate, 2 per cent. The markets for colonial breadstuff's and tallow are without quotable change. Tho catalogue at to-day's wool sale comprised 11,300 bales. The market was firm for good qualifies of wool.
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Daily Telegraph (Napier), Issue 4089, 29 August 1884, Page 2
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131COMMERCIAL. Daily Telegraph (Napier), Issue 4089, 29 August 1884, Page 2
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