COMMERCIAL.
The fourth series of wool sales opens ou the 34th. Total arrivals, 131,131 bales, including 36,445 from New Zealand. A further advance of Id to 2d per lb expected. Consumption continues on an augmented scale. The demand from abroad is small, but homo requirements are large, and high prices likely to rule throughout the sales. At auction, 1242 bales New Zealand flax were offered. Nine hundred and fifty were sold dearer, at rates from L2l to L 39 for superior well dressed. Australian hides, light, 6§d; first heavy, 6fd. Tallow — over two thousand casks mutton at L 43 9a to L 44 3s ; beef, L 42 to L 42 3s. New Zealand Loan Agency, §ths to #ths premium. Trust and Loan, 1 \ to If premium. Otago and Southland Investment, £th premium. Consols. — Money, 93£ to 93J; account, 93J to 93|. Australian securities are in active demand. Foreign stocks and railway shares buoyant. August trade returns show an increase, and money dear. New Zealand consolidated fives, LlOl 10s ; sixes, LI 13. Arrivals of foreign wheat and oats are larger, and prices for foreign wheat are la to 2s higher. . • Exports to New Zealand show an increase of L 65,500.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/GRA18711101.2.11
Bibliographic details
Grey River Argus, Volume XI, Issue 1019, 1 November 1871, Page 2
Word Count
199COMMERCIAL. Grey River Argus, Volume XI, Issue 1019, 1 November 1871, Page 2
Using This Item
No known copyright (New Zealand)
To the best of the National Library of New Zealand’s knowledge, under New Zealand law, there is no copyright in this item in New Zealand.
You can copy this item, share it, and post it on a blog or website. It can be modified, remixed and built upon. It can be used commercially. If reproducing this item, it is helpful to include the source.
For further information please refer to the Copyright guide.
Log in