Commercial News

Feilding Star, Volume XIII, Issue 70, 10 December 1891, Page 2

Commercial News

(per press association.) London, December 8. The Daily Telegraph declares that Australian nnd New Zealand butler is beating that imported from Normandy in the open market. The secret, it believes, is that the former is pure grass butter. Timahu, December 9. The first wool sale of the season was held to-day, when 1919 bales came under the hammer. Prices ruled £d below the opening quotations last year. Half-bred sold at 7Jd to 9|d; threequarter bred, 7d to B£d ; crossbred, 6£d to BJd ; merino, 5d to 6|d ; pieces, 3d to 7d ; locks, lid to 3£d. The New . Zealand Loan and Mercantile Agency Company report under date London, 30th October: — Stocks in first hands are now much reduced, and arrivals continuing to be .restricted, the offerings at public sales during the past month have been on a small scale j amounting to 1215 bales, of which about 850 bales have changed hands at and after the sales. Fine well dressed fibre attracts buyers at full rates, but the medium and inferior sorts have been but little enquired for, and have a downward tendency. There has been a further decline in manila, in which a considerable business has been done at £29 per ton c.i.f. to arrive. The market closes firm at this figure. Sisal is steadier at £22 per ton, ex quay, Liverpool. We quote —Superior soft, bright hemp, £28 10s to £25 per ton ; good medium, well dressed £22 10s to £23 ; fair to medium, £21 to £22; do, slightly strawy, £19 10s to £20 10s ; common, coarse and strawy, £18 to £19 ; .hackled tow, £16 to £18 ; tow, £6 to £1. The New Zealand Loan and Mercan« tile Agency Company, Limited, have received the following ctble advice from their London office, dated Bth inst :— Wool.— Since the opening of the sales quotations are unchanged, but tho market is slightly firmer* There is good demand for the new clip. The total quantity catalogued to date is 116,000 bales, and the quantity withdrawn 7000 bales