COMMERCIAL.

Manawatu Herald, Volume II, Issue 67, 16 April 1880, Page 2

COMMERCIAL.

1 Th* following is a oopy of- a London telegram dated April 10, 1880, received by th« New Zealand Loan- and Mercantile Agency •Companj :— " Tallow— There is no trade demand"; market is overstocked. Stocks of all sorts are 19,000 cosks. Mutton is worth j 84* aUd" beef 33s per cwt. Leather— Bost sidjif j&Qwed^£d decline on previous rates ; others in proportion ; 4900 sides Australasian have been sold fiince last report." 1 JiONDON WOOL MARKET. Messrs. Murray, Roberts and Co., of Wellington, received per San Francisco Mail the following wool report from their London correspondents, Messrs. Sanderson, Murray, and Co:— ' ■| " The!; first series of Bales opened for the year opened on the 17 th instant, when the room yas unusually crowded with buyers froto; all; distriots. Biddings began in a Vjsry spirited manner, and we are pleased to report tfot the market has since, daj by day, developed- in the direction of increased strength, bo tljat now we may quote prices, adioptypared with the close of the December auotion;, for. washed and unwashed combing quite, l£ per, bent higher ; do do clothing, l2f. per cent higher; scoured about Id per cen^ higher; while crossbred wools show even a largerjadvanoe. The price of lambsw#ol is somewhat disappointing, and is not magh, if any, higher than at the end of the y*ar. , , . ," During the last fortnight there have beeft but few arrivals, and the quantity now Herd, 904,^99 bales, is much less than was anticipated when the sales were fixed, so that probably some action may become necessiry in-curtailing the present series, and otaimenoingr the next at an earlier date th*tf wag intended bat so fax the committee has taken no definite action. " UpWdate 88,100 bales have passed the hammwfiOO bales being bought in." Meattrs J.B. Bethun» and Go. have received the following Colonial Wool Market nuunOi; — 681 Col&nan-street, Londori,February 25, 1880. Since the opaning of the MjenVj>ab¥& s^lea on the 17th insfc., including to-day, 67,000 bales have been catalogued" j by the ' end of the week about 10*4000 1 bales will have been offered in eleven days. Under present circumstances the difficulties of the situation ■ are great ; we haTflMnlynowJiere 190,000 bales available aWTvals '(22,^oo having gone direct to- Jotyftrafitofiuriiig districts J, arid' consequently at end of the week we Bhall only have 86,000 more to offer, which, might be got through at present rate of selling by MjfhMarch, so bringing the sales to an unexpwfeflly premature endl The ship 3to arrive, tp wake ,up, the quantity (250,000 b»le*f originally intended to be offered, do not make their appearance, and even if heard of in the channel to-day it is yery questionable whether they could get to dock in time for the wool to be by possibility lotted and shown for sale. The market, consequent on the probability of a Very much'less quantity being brought fot*vi€ CKuk coupled with its previous independent buoyancy, shows increasing animation and excitement. Prices continue to go higher for all ordinary de4iftttouMf&»t!ratianff, and now stand at a rise of M*t£ WJ Wai in many caseß 25 per cenVjbiiMiNotetnt)*-D€oeniber last. This riiaialaioitebdervable on wools in grease, on crosabreds, more especially of the half and quarter class, and on scoured wools. It is noticilWrf'tnat ibe> very extra and exceptionally fine wool» do not participate tl*Jtl*g;liM9 the 'same extent in the above quotedxisfe; One bale of very extra super seleoted Kroildoune wool, however realised V!o<V 36rd instant, is o^d per lb. t|BpUhllhiD4» wools generally are going much better since the beginning of the sales. Scouted; and in grease wools now show a rise on November -December of l|d to 2^d, and fleece washed Id to IJd improveJ. T. Sntßs & Co., *<*. .. :u .: .: ff , Wool Brokers. Bank rale 3 per cent, since 6 November.