COMMERCIAL.

Grey River Argus, Volume XII, Issue 1274, 29 August 1872, Page 2

COMMERCIAL.

New York Commercial — Nails, sdol 75c per keg. Tobacco, steady. Wool, in American markets, dull. Latest telegraphic despatches from London report sales progressing with much spirit and competition at prices fully up to the most sanguine expectations. The reported sales at the market include 30,0001 bof New Zealand at 37ic ; 30,0001 b Australian at 60c ; and do, ooolb do on private terms. Boston market rather quiet ; latest telegraphic reports quote active competition, aud phojee popt Philips at Jpd and above. All that London advices has accomplished so far has been to check the downward tendency of prces. Present current rates are from 55c to 65c for good lots of Australian. American sales include 92,0001 b New Zealand at ,58c to 65c, 33001 b New Zealand at 65c, 60001 b aud 95,0001 b New Zealand, understood ats9c. London commercial 4 es Pstches tp June 27 report public sales of colonial wool progressing with moderate animation, but somewhat lower price than that current at previous auctions. Most descriptions of washed commanded about the rates current at l#st sale, but greasy id to Id cheaper. French and German buygrs are not operating to any extent, and a large supply of English wool is offering, jfcbout 200,000 bales were offered, including 41,206 New Zealand. Flax lots are offered at auction, and firmly held ; 61 bales sold — medium, LQa to L 3, 8; good, L 36 10a to 145 ; tallow, dull ; mutton, 48s ; beef, 42s 6d ; butter, 40s ; hides, in gooi demand, small supply ; Australian mutton hams bought in at 30s.