COMMERCIAL.

Nelson Evening Mail, Volume IX, Issue 72, 25 March 1874, Page 2

COMMERCIAL.

London, January 23. New Zealand Hemp. — The mnrket lias continutd in a very sluggish, inactive state, being greatly affected by the recent downward tendency of Manilla hemp. Although several ■ parcels have been recently pressed for sale, only 900 bales changed hands since our fast issue. At the auctions to-day, 330 bales out of 950 bales, principally damages and secondbaud parcels, wore forced off at a decline in valuo of from £3 to £4 from our last quotations. This state of things is owing in a great measure to the comparatively low value of Manilla hemp, as consumers do not care to ? use substitutes. We regret to have to write such a discouraging report, and are sorry we cannot at present ec any prospect of any niatetial improvement, although Fhipmente must Boon ceaee. The con -umpticn in America last year was only 2,300 bales, against 11,000 bales in 1872. — Home News. ''~ •-• - Melbourne, March 12. - Hops —Transactions in hops have been "cuiefly confined to new 1874 Tasmanians. Kent 1873'5, best quality, are disposed of in moderate lots at Is. lid. to 25., wlrile Is. 9d. is accepted for oidinary samples. Yearlings are worth trom Is. to Is. 3d. On Thursday, the sale (to arrive) of 250 bales Shoobridge's new 1874 Ta'maiiian on private terms was . reported ; the agents have since advanced the price to Is. 10d., at which price 60 bales were boM to- day. 1 873's are quoted at up to 1 s. , . without inquiry. — Australasian.