COMMERCIAL.

Temuka Leader, Issue 2132, 2 December 1890, Page 4

COMMERCIAL.

CHRISTCHURCH WOOL SALES. The New Zealand Loan and Mercantile Agency Company repoit as follows : —We held our second wool sale of the season on Friday. The recent cable news from London, quoting a decline of to 10 per cent, upon merinos, and 5 per cent, on crossbreds, had naturally a weakening influence upon prices as compared to last; sales. However, as regards crossbreds, especially the finer sorts, little difference is observable, but merino wools were fully per lb lower. Though light in places, most of the wools show the effects of the dry season experienced, by being heavy with earth and cotted. 1 here was a good muster of buyers, including one or two new arrivals from the Old Country, who contributed towards the success of the sales. Values were fully on a par with London prices, and ruled as follows: —Halfbred, to Hid; crossbred, 6*-d to Bid ; merino, 6d to 8d ; pieces, 3id to 6fd ; locks, Id to 3fd. These values are up to time of writing, the sales being not yet concluded. ENGLISH MARKEL’S. London, Nov. 28. Lew Zealand 4 per cent, inscribed stock, 105 ; 3| do, 95^. Three months’ bills, 5 per cent. Silver, 4s. Adelaide wheat, 38s 3d, market quiet; Victorian, 37s 9d, business restricted ; New Zealand long-berried, 37s 3d, also quiet The oysters sent from the Bluff by the Star of Victoria have been sold at 12s. Wool is quiet. No change has yet taken place in prices. Queensland mutton and beef, New Zealand mutton is unchanged ; beef, S^d. Wellington hemp, fair to medium, £23 15s to £24. New Zealand cheese, best quality, 48s per cwt.