COMMERCIAL.

Daily Telegraph (Napier), Issue 3522, 21 October 1882, Page 2

COMMERCIAL.

Mr W. G. Motley reports upon the operations of the sharemarket during the week as follows: —The market this week has been fairly active, and considerable business has been transacted in Southern Cross Petroleum shares at very satisfactory prices. Owing to late advice two directors left for the company's work on the 15th instant, nnd may be expected to return by Monday, when I anticipate a substantial rise in their shared. Speculators will not do wrong to buy at present prices. A slight demand has taken place for Pacific Promoters at 5s 3d, with a tendency to harden. Insurance shares are rather weaker, but there has been a brisk demand for South British, and a slight enquiry for Nationals. New Zealand Drugs are wanted, and Colonial Banks are firmly held with buyers at 475. Napier Gas continues quiet, with sellers at £9 17s 6d. The following are my latest quotations : —Sales : South British Insurance, 60s, ex div.; National, 28s 3d, cum. div. ; Pacific Petroleum Promoters, 5s 6d ; New Zealand Drug, 24s 6d ; Kaiapoi Woollen Factory, new issue, 5s prem. Buyers : Union Insurance, 19s ; National, 28s ; Accident, 4s lOd ; Colonial Bank, 47s ; New Zealand, £23 10s, cum. div. Sellers: South Pacific Promoters 5s 6d, and Contributors 2s 3d ; National Insurance, 28s 3d, cum. div.; Union, 19s 9d ; Standard, 16s ; Accident, 5s 3d ; South British, 60s; Napier Gas £10 2s 6d, and new issue 19s ; Colonial Bank, 47s 6d ; Westport coal, 17s ; Milton Pottery, 7s 6d ; Guardian Trust Executors, par.

(By Cable )

London, October 18. Consols remain at lOlf, and New Zealand securities at last quotations. The wheat market is firm ; Adelaide, exstore, is worth 495, and New Zealand ditto 43s to 46s ; Adelaide flour, ex-warehouse, 345. Australian tallow is quiet at 44s 6cl for best beef, and 47s for best mutton. Sydney, October 20. New Zealand wheat has fallen 3d per bushel during the week, and is now quoted at 5s ; New Zealand oats remain at 3s 9d: maize has fallen to 5s 5d ; sugar, Company's No. 1 pieces, per ton, £35. Adelaide, October 20. Wheat is quoted at 6s, nominal, with market dull • flour has declined 15s per ton, and town brands are now quoted at £13 10s to £13 15s, and country brands at £12 10s to £12 15s, with little business doing. Freights for wool to the United Kingdom are scoured |d and greasy _d per lb.