ENGLISH COMMERCIAL.

Daily Southern Cross, Volume XXVI, Issue 4165, 19 December 1870, Page 2

ENGLISH COMMERCIAL.

New Zealand Mekcantile Loan Agency Company's Circular, October 22.

The Share Market.— Bank of Australasia, 50, 2 ; Bank of Otago, Limited, 4, 3 discount ; Bank of South Australia, 36, 2 ; Bank of Victoria, Australia, 36, 8 ; Bank of New Zealand, 16, 17, ex new ; National Bank of Australasia, 1, 2 premium ; Bank of New South Wales, 36, 37 ; Union, 40, 42. Colonial Government Securities. — New Zealand 6Jper cent., 1891 (January 1 and July 1), 107, 9; New Zealand 5 per cent. , I 98, 100 ; New Zealand Consolidated 5 per i cent., 98, 9 (business done, 9S§, $, i) ; New Zealand 6 per cent., 1891 (March and September), 106, 8 ; New Zealand 6 per cent., 1891 (June and December). 108. 10.

Miscellaneous.— New Zealand Loan and Mercantile Agency, Limited, \> 4 premium; New Zealand Trust and Loan, Limited, 15, 4 premium.

British Funds.— 3 per cent, consols, 92|, -? (business done, 92f, f ) j 3 per cent, for account, 92£, $ (business done, 92£); 3 per cent, reduced, 91 g, 4 (business done, 91i, §)j new 3 per cent., 91g, 2 (business done, 91 1, £) ; new 3£ per cent., January, 1894, 98, 100 ; new 2\ per cent,, January, 1894, s s£; new 5 per cent., January, 1873, 101^, 2£; annuities, January, 1880, 7f, ; annuities, April, 1885, lOf, £ ; annuities (Red Sea Telegraph), August, 1908, 18f, 19J ; exchequer bills, 1,000/., 6-11 premium (business done, 6-11 premium) ; exchequer bills, 100?., 200£, and 500^, 6-11 premium (business done, 6-11 premium).

Wool. — Since our report of the 7th, the sales have been definitely fixed to commence on the 27th instant. The arrivals to date are 142,353 bales, including New Zealand, 36,047, which added to the large quantity held from last sales, make a total of about 200,000 balea. The Merchants' Committee have proposed, in consequence of the present exceptional state of the foreign woollen trade, that 25 per cent, of the total quantity should be declared "withdrawn" before the commence1 ment of the sales. There seems, however, some probability that the movement may prove unsuccessful. We announce to our constituents with pleasure that we have made arrangements by which all consignments to the company's care of the 1870-71 clips will be charged with 4[per cent, brokerage only, instead of 1 per cent, as heretofore; but, as this reduction is not as yet general, it will be necessary, in order to secure it, the company should be left free to choose its own brokers.

Taxlow.— Since the 6th instant there has been very little fluctuation in the value of this article. At public sales, of 2,054 casks Australian tallow offered, 1,670 casks sold at 43a for fine sheep, 41s 6d to 42s for beef. Speculation is very quiet, -with less disposition to sell than to buy. To-day, very fine Australian mutton, 43s 3d ; good, ditto, 43s ; beef, 41a to 42a. Tallow at yesterday's* sales, 1,139 casks, sold at last Friday's prices to 3d advance ; mutton, good to fine, 42s 6d to 43s 3d ; beef, 41s to 42s 3d.

New Zealand Flax. -We have had a quiet but steady market during the past fortnight, the American orders having all been executed prior to our last issue. The demand has been confined to the home trade, but, notwithstanding liberal arrivals, holders have offered their stocks sparingly, and prices have consequently been well maintained. The most recent sales have been at 121. 5a to 151. for common to good half-dressed, 16?. 5s to 22?. for ordinary to good three-fourths cleaned, 241. to 26?. for fair quality, and 271. 10s to Zll. 10s per ton for good and superior. The following are Messrs. Fros v t Brothers' i quotations for rope, &c; (on the 20fcli October) .---"Best white New Zealand flax rope, 41spercwt.j best tarred !Nt,w Zealand fla* rope, 37»." ' , J

Kauri Gum — Market continues with downward tendency, and about half that has been offered has met with buyers. Stock shows considerably in excess of last year. Deliveries about 100 tons lesa. 1,300 chests offered at public sales; 4 cheats clean scraped bright selected gum, part transparent, 41. 15a to 51. 12a 6a ; scraped bright picked gum, 31 7s to 31. 15s; ditto, picked gum, mixed sizes, park with small and chips, 21. 7s 6d to 21. 10s ; ditto more coated with soft and milky gum, 21. is to 21. ss ; ditto garblings, burnt or soft gum, 11. 12s to 21.) chips and pieces, clean, 11. 15s to 11. 18s ; siftings and dusfc, 12s to 17s ; rough coated, 26s to 30s, of these 500 chests withdrawn ; chiefly scraped picked gum at 21. 10s to 21. 15s ; 1,200 bags scraped sorts, good little mixed with soft gum, unsifted, 21, 2s to 21. 4s ; more coated and mixed with dark or soft, 11. 17s 6d to 21.', scraped garblings, 1/. 7s to 11. 15s ; clean chips and pieces, U. 14a ; sifting or dust, 8s to 12s 6d ; about half withdrawn for higher prices; clean chips and pieces sold rather better. Arrivals : 'Loch Earn,' from Port Philip, 70 cases. Imports to 30th September, 1,448 tons, against 1,149. 'Deliveries to 30th September, 1,282 tons, against 1,396. Stocks to 30th September, 1,287 tons, against 673 last year. CORN Trabe.— Since our last report past arrivals from New Zealand have been cleared off at from 50s to 52s per 4921b. The wheat per 'Caduceus' has arrived, part of it slightly and part strongly warm, and of various qualities. 'Jessie iteadman' and 'Celestial Queen,' as far as we have yet sampled, come in good condition, with exception of slight warmth. These shipments ought to realise better prices. The following ships in which constituents of this Company are interested have arrived since last mail:— 'lnflexible,' from Auckland, arrived October 10 ; f Celestial Queen,' from Lyttelton, October 10 ; 'Jessie Readman,' from Lyttelton, October 10 ; 'Caduceus,' from Lyttelton, October 10 ; « Ismay,' from Auckland, October 11; 'Gloucester,' from Wellington, October 15; 'Asia,' from Melbourne, October 18.