COMMERCIAL.
The flax market is depressed, prices ruling as follows : — Partly dressed, £19 per ton ; fair, £25 ; fine, £31. Mr. Noble reports last sales as showing a better feeling. Negotiations are progressing for the amalgamation of the Bank of Otago with the English, Scottish, and Australian Chartered Bank. Sir George Grey has been elected a director of the latter bank. " Commercial matters ai*e brisk. A good demand for money exists, and full bank rates are maintained. The London wool sales opened on the 17th February. The arrivals consisted of 7353 bales. There was a crowded attendance both of home and foreign buyers ; and considerable spirit was manifested, closing prices being quoted firmer. Since the opening, day competition has remained extremely brisk, and a slight advance has t iken place in some descriptions. Sound Port Phillip and New Zealand combing fleeces, scoured, and Australian of all kinds, are quoted at a |d. to Id. dearer than at the end of last sales.
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Tuapeka Times, Volume III, Issue 116, 28 April 1870, Page 6
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161COMMERCIAL. Tuapeka Times, Volume III, Issue 116, 28 April 1870, Page 6
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