THE NEW ZEALAND LOAN AND MERCANTILE AGENCY COMPANY, LIMITED.

Waikato Times, Volume XXXVII, Issue 3022, 26 November 1891, Page 2

THE NEW ZEALAND LOAN AND MERCANTILE AGENCY COMPANY, LIMITED.

Wiikx tha IS'ow Zealand Loan and Mercantile Agency Company held their first wool sale of the season tho other day in Meloourne, the ntlendaneo of European and American buyers was far and away the largest ever seen in Melbourne on any similar occasion, and the fact affords abundant evidence of the growing iir.portu.uce of our local Kales. The Australian market is now, thanks to the rapid .steam communication and easy means of transit, in full touch with all tho manufacturing centres of Luropo ,iud America, and henco trade representatives from both tind it to theii advantage to supply thoir requirement* first hand, by contracting their Imsiness in I the London market in favour of the colonial iiiaikct.-;. A niimboi' of foreiftu buyers liava recently arrivod in tho colonies with large orders and it is anticipated that thoir operations will be vpry extensive during the saason. In further proof of the decline of Australian wool sales iu the London market, it may be mentioned that during the Septomber aeries of sales tho continental buyers took H4 nor cont. ouly of the sates, whilst during the corresponding series of the previous year they took 01 per ceut. llespectini,' the prices realised at the opening sale held by the Now Zealand Agency Companv, it may be said that they were vory full, considering the drop in the ui'irk'it siuco last season, and were abovo relative Lmdon values. It must be borno m mind iha» although Uie prices wore a shade bettor last year, the we'glit pnr nVeco was vary light; and, therefore, there is every reason to anticipate that growers will obtain afl g>O J results—-if not bettor—than they did last seavni. The Xew Zj daud Agency C impaiiy stands in the foremost position r.a the largest wool-broking firm in tlio world, and their popularity with wool(•rowers i.s constantly increasing. Their very oxtensivo new warehouses at South Kensington enable the company to place at the disposal of their constituents ample room for their requirements for any period •>f the ypar, nml thn nivivalled advantages hy thi'so wurnhmis-s in tho It itidlint,' ol wool and other ur--du.ee is n> tMI-mMd en n'l -i'W