ADDITIONAL TELEGRAMS.

Grey River Argus, Volume XII, Issue 1218, 24 June 1872, Page 2

ADDITIONAL TELEGRAMS.

The following additional summaiy to that received on Saturday has come to hand from Auckland ; — London, May 23. The Wool Loan Circular,, of May 2, reports that a decline was established at the commencement of the series of sales, amounting on all descriptions, save Cape produce, to an average of Id, as compared with closing rates of February. The March sales have during their progress become increasingly marked, and may now be quoted at 2£dto 3d, the reduction applying more especially to lower un? j washed descriptions. It snakes the fall | therein expressed in per centage proportionally heavy. In searching for reasons why buyers should have declined operation during the present series, unless at considerable ' discount on previous rates, we think may be found in the fact that there has been little competition exhibited by the French operators, while the home trade when not absolutely compelled to purchase, with a knowledge that a succeeding series of June and July will probably comprise some 200,000 bales, continue to operate with extreme caution, while imports to date, compared with last, year, show excess by reason of the present clip having been shipped earlier than the one preceding. Now it is a matter of fact that the production of the year 1871-2 directed to this market will show little, if any, increase on 1870-1. With this feature it cannot be supposed that during the remaining series of the year lower prices will continue to rule, although they may be subject to fluctuations in value.The Some Neivs, of May 2, reports— "Supplies continue limited, but have been coming forward with rather more regularity lately. The market is still strong, and sellers obtain extreme prices, especially for fine qualities, which at sales last week were eagerly bought at further advances. Sales . for the month amount to 1000 bales, chiefly good medium and fine sorts. Tow is improved in demand, about 200 bales have been sold at Lid to Ll6 153 per ton according to quality. Arrivals — Queen of the South, from Lyttelton ; Electra, from Wellington ; Annie, from Wellington ; Penthesiiia, from Melbourne, with about 1100 bales hemp and tow in all. Stock on Ist inst., 320 tons, against 1120 tons last year. Tallow Market— The Times of Ist May says, "According to the circular of Messrs Colchester and Woolner, the market has been inactive during the past week, and a decline has taken place in all portions for forward delivery. Public sales on Friday met ready buyers ; the price of tallow under hammer advanced 3d per cwt ; 2800 casks sold out, 2900 offered." To-day London markets are quiet, with sellers at 54s 6d ; June, 495; October, December, 1870, Y.C. re-weighted, 47s 6d. Australian mutton, 42s 6d to 43s 6d; leef, 425. to 42s 6d. South American mutton, 42s 6d to 43s 6d. Town tallow net 43s at close ; the market id flat, with sellers at 54s for April- June. The Loan Circular says, with reference to preserved meats, that in the absence of public sales during the month, transactions have been continued to supply trade requirements,, to a limited extent, sales effected having chiefly been for smaller siz e tins, for which there continues to exist the greatest demand. The shipments of this article now afloat amount in the aggregate to 120,000 cases. . The arrivals during the month have been about 7900 cases. In hides and skins, the British Trade Circular of Ist May reports:— Sheep skins generally ruled very dull throughotft ; prices slow ; average decline on all descriptions, weights of heavy averages showing greater fall. Ox and cow, small supply of salted Australian, sold at £d to |d per lb below last sales ; Sydney, 2238 salted Australian ox and cow sold ; Sydney first heavy, Q§ d to 6|d ; first, 6|d to 6|d ; seconds, 6£. The Home News, of May 2, quotes New Zealand securities, six per cents, Lll2 to LU4 ; five per cents, LI 02 tp L 10 3; five per cents, consolidated, LlOl to L 10 2; six per cents, 1891, LI 11 to L 113; six per cents, 1891, Lll4 to Lll6. The Loan Mercantile Agency (Limited) one per cent premium, on Trust Loan, l£ to If, premium on New Zealand Bank shares, 19 to 20 ; Bank of Otago, 3£ dis ; Otago, Southland Investment, £ premium ; Dunedin and Port Chalmers Railway Mortgage Debentures, are at 86.