COMMERCIAL.
The latest London date is May 1, not so late as via Suez. The public sales of wool are progressing slowly. Foreign buyers are operating with caution, and a similar policy is adopted by the June trade. Good wools show a fall of 2d., aud inferior of 2|d. to 3d. per lb. as compared with last sales. The demand for hides is limited ; New Zealand, first 6%d., second, 5-f-d.j salted horse, Bd.; butter, 38s. to 405.; tallow, 425. 6d., beef; 435. 6d. mutton. Flax is active at £38 15s. to £40; finest, £42. New York, May 13. — The receipts of the new crop of Australian wool are beginning to stock up, and the bulk of the supply intended for the American market now on hand is rapidly passing into consumption. Tbe sales of Australian wool for the month included 752,000 lbs. at prices ranging from 60 to 67 cents, and 50,000 lbs. heavy at 56 cents. At the close it would be difficult to obtain 62 to 63 cont9 for best descriptions in tbe market. New Zealand flax is quiet, there being none in first hands. Twenty sales are reported, prices nominal. San Francisco, May 23. — Wheat is active at 2 dols. 15 cents per cental. Liverpool telegrams quote it at 12s. 6d. The proposed subsidy to Webb's line by America has been rejected by the Senate.
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Bibliographic details
Nelson Evening Mail, Volume VII, Issue 148, 22 June 1872, Page 2
Word Count
228COMMERCIAL. Nelson Evening Mail, Volume VII, Issue 148, 22 June 1872, Page 2
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