Commercial News
[united press association. I London, JaDuary 26. The Scotch iron merchants are trying to undersell the London syndicates, who are holding half a million tons. The market is excited. Best Scotch pig iron is quoted in Glasgow at 445, a reduction of 3s on the last quotation. The Standard anticipates a rise m the price of wheat. January 27. Three hundred and eleven thousand bales, including 37,000 from the Cape, are available at the present series of wool sales. The competition is quiet as com* pared with last sales, Good merino greasy is steady. All other sorts show a decline of 2\ to 5 per cent. Crossbreds are unchanged. The New Zealand Loan and Mercantile Agency Company (Limited) have received the following cable message in reference to (he London wool sales, dated London, 26th January : — Wool— The sales opened this day at the level of last sales, except medium and inferior greasy and scoured merino, which has declined id per lb The attendance of both Home and foreign buyers is good, arid competition fairly active, but there is a want of confidence in the bidding. The total quantity available, including wool held over from last series, is 399,000 bales, 89,000 of which haye been forwarded to tho manufacturing district direct.
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Bibliographic details
Feilding Star, Volume XIII, Issue 90, 28 January 1892, Page 2
Word Count
212Commercial News Feilding Star, Volume XIII, Issue 90, 28 January 1892, Page 2
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