COMMERCIAL.

New Zealand Times, Volume XXXIV, Issue 5837, 13 December 1879, Page 2

COMMERCIAL.

BY TELEGRAPH. AUCKLAND, Friday, Mr. Binney reports;—Sales rather slow. Adelaide flour, £l6; Canterbury do. £l3 10s ; maize, Sydney, 3s Oil; Fiji, 3s Id; oats,2s 6d to 3s; oatmeal, £ls: pear barter, £24 : potatoes. £7 10s ; hams and bacon, 7d, share Marke .—Sales to-day; National Insurance, 10s : Loan and Mercantile, £6. Buyers : Colonial Bank, 41s ; Union Insurance,l4s 3d; Colonial Insurance, 7s ; Auckland Gas, £8 12s 6d. Sellers : Bankoj New Zealand. £l6 15s; National, 635; New Zealand, 40s; South British, 40s. Mining.—Alburnia, sales to-day, 65s to S6s, closing buyers. 77s Cd ; Moanatai*ri buyers, 47s 6d; Caledonian, 20s ; Tararu sales, 6s Sd. Mr. Buckland reports ; —Steers, 20s to 2Ss pei lOOlbs; cows,lower, many not bringing more than 22s per lOOlbs. Fat sheep plentiful and prices low.— Wethers, Ills to 14s; owes, Cs to 8s about 2d per lb. MELBOURNE WOOL MARKET. Messrs Goldsbrough and Co. report for November:— During the month 53,847 bales have been catalogued, and 44.810 bales sold, thus making a total of 7 v dU2 bales catalogued, and 63.433 bales sold since the opening of the season on the 15th ultimo. Prices hav-t* gradually hardened as the sales > regressed, and the current rates are now Jd to Id higher than they were last month. The advance has been more noti eable on light, goodcond-tioned greasy, which has been freely bought for America at a full penny a fvance. Other descriptions have also participated, but to a more limited extent so far as regards washed fleece, and a general firmness has been manifest, the sales having been brisk throughout. The American demand has been a special feature, and it has g ven great support to the sales Two ships—the Star of Albion and the Granville—have sailed for Boston, with 6741 bales, and the Colorado and Warden Law have nearly completed their cargoes, and will take about 5000 bales more for the same port About 2500 bales have also been forwarded via Suez to Boston, making collectively over 14.000 bales for the United States from this port, in addition to which about 4000 bales are being shipped from Sydney in the Willard Mudgett. early all these consist of well-grown good conditioned lots, regard being more especially paid to lightness. Purchases continue to be freely made, and the English, French, and German buyers have not as yet been able to secure more than a limited quantity in proportion to their requirements, the Americans having in most instances outbid them when the wools pos essed the special qualities they required The clip continues to be delivered in fair condition, and a large proportion of the lots are thoroughly sound and well-grown, whilst others, from localities where drought has been prevalent, are light and tender. The western clips are b- ginning to come forward, but many of them are not up to their usual high standard, the <iry season having hail a depreciating effect on their condition. The telegrams received advising the opening oi the November London sales at advanced rates, ranging from Id to 3d per lb, have given much satisfaction ; but as this rise had been fully anticipated by the buvers, have been pu chasing in anticipation of iL farthe- increase in value has :v ;• realised here. It has, however, had the . - f keeping prices firm. The warehouses av*. iuil, and large sales will beheld all the next mouth. This market is attracting unusually large consignments from the adjoining colonies, and its poiition as the chief Australian wool centre is undisputed. Freights to London, per sailing vessels, are Jd for greasy, and fd per lb for washed; and via Suez Canal, per steamers, 3d for

greasy, and |d per lb for washed. Quotations for America are 3d per lb. Exchange on London rules at \ percent discount for drafts at 60days, | per cent for JlOdays’, and lid percent for 120 days' sight. The total amount shipped during the month was 89.035 bales, which, added to previous shipments since tne Ist October of 47,762 bales, makes a total of 136,847 bales. The following prices were realised Greasy—lnferior, 6d to 7d; ordinary to average. 8d to lOd ; good to superior, lid to Is 2d. Fleece, washed—lnferior, Is to Is 2d ; ordinary to average, la 2d to la 4d ; average to good, Is 4d to Is 7d; superior, la 8d to 2s Id. Scoured—lnferior, Is to Is 2d ; ordinary. Is 2d to Is 4d ; middling to good, Is 4d to Is Gd ; superior, lsßd to Is lOd.