Commercial.

Daily Telegraph (Napier), Issue 6171, 11 June 1891, Page 3

Commercial.

The New Zealand Loan and Mercantile Agency Company report as follows :- At our usual auction sale of produce, held yesterday at the Spit, we had a large entry of wool, skins, and bides, and the sale being, characterised throughout by a brisk demand passed off very satisfactorily. _ Wool —The catalogue consisted chiefly ol crutchings and fleece wool of an inferior sort, the bulk of which was cleared without any noticeable change in late rates. A nice parcel of scoured elicited good competition, and brought a very good range of nrices Our sales were as follows :—Greasy --crossbred bh& to 6*l, do lambs 6d to ( B d, matted 5-id, pieces nd to sid, merino od to 6-jd, and dead wool up to 6£d; crutohmgsiU for rough aud badly picked, to s ? d tor cfean and bright; scoured-menno IM, merino pieces lid, merino looks 9d, halfbred 9id, half-bred lambs 10 ? d. Skins. -All brought forward were sold at the following rates -.-Halfbred 5d to merino 5d to 6d, eros-bred odi to 6id, crossbred hogget- 4|d to ssd, lambs 4d to 4 t d. Hides —For inferior and badly saved there is not much demand, but we find a ready sale for any ox hides in good sound condition at 4d to 4jd perlb for heavy, od to 3jd for medium, and 2Jd for light; cow hides at If d to 2_d, damaged Id. Tallow.— Rough fat in small quantities made Id per lb, rendered l£d. Our next sale will take place on Wednesnesday, the 24th inst.

Messrs F. W. Williams and Kettle report M An increased number of buyers attended our auction sale this day, when we submitted the following catalogue :-2262 eheepskins, 124 bales and 27 bags of wool, 22 paokagea of tallow, and 341 hides. Wool.—Clean crutchings sold wel' under keen competition ; very dirty parcels, oadly picked, met with poor demand, and in two or threa instances had to be passed in. First crutchings 4d to s|d, second crutchings 3d to 3£d, daggingß Ifd to 2}d, inferior lambs mixed fleece (seedy and waaty) 6id to 6fd, dead wool 6jd to 6 •lipe firsts 9d, thirds 7-_d, crossbred pelts sold freely at slightly reduced values for medium lots; prime _*>nacomamnded full rates. Half-bred o_d to 6jd, crossbred 4d to 6jd, hogget 4d to G^d, merino 4jd for short to 1H for prime, lambs 4d to s|d, pelts dry and inferior Id to 6d each. . . . , Tallow and Fat.—Renderea in casks and tins l-£d to l|d, rough fat |-d to ljld. Hides.— Competition was poor, and as prices offered did not meet our idea of value we passe i iv nearly all, to be dealt with by private contract, or for shipment on owners aC o°ur n next sale will be held on the 24 th June. .

The New Zealand Loan and Mercantile A_renov Company Oimited) have received from their London office the following cableiram, dated yesterday :_'• Wool.-The See opened this day at the level of last gales, except for coarse crossbred and medium and inferior greasy, for which the market is easier. The attendance of both Home and foreign buyers is normal, and competition is fairly active. The total -juantitv available, including wool held oyer Clast series, is 415,000 bales of which 69,000 bales have been forwarded to the manufacturing districts direct.

Messrs Dalgety and Co. have received the following cable from London:—" Wool *ales opened on the 9th nstant. There las a good selection, and a large number of -huvers? Competition was fairly animated. On the closing rates of last series prices in general show par to a decline of _d, except extra oroasbred.

Messrs Murnay, Roberts, and Co. have received the following cablegram from their SriUm house, dated 9th June :-» There was a good attendance of buyers at tbe «00l sale. Merinos have declined o per cent, merinos (faulty descriptions) have defined 5 to 10 per cent., and coarse crossbredshave declined 5 PP er cent.; fine crossbreds show no change."

Messrs Baker and Tabuteau, shar«brE Tennyson street, Napier, report as f °BZks-Bank of New Zealand (new), £8 _. aA AntnlA) £5 1-ss; National Bank of Colonial Bank of <- 13s South British, £1 10-; Union, £1 4,3 „_. xrVtinnal 17s; Standard, 14s 6d. 7B 9d;Natmnal,l7s Mer . *?t* 7" 5s New Zealand and River cantile, £o os , * National MortPlate Laud Mortgage, , __ __ __ d fE £!-tE 7 -0- « !«•; Northern £10 15s; Wanganui, , , -I. -« ■ Gpar Meat, £5 12s 6d. S^n B GoCau^ n_Sla™^ mUwav £1; New Zealand Drug Company, If Tmstees Executors and Agency Cointlnv £1 5s 6d; Westport Coal Company, Til* 6d. New Zealand Shipping ComMining Shares -Try Fluke 6s 9d ; .-.Thine Is bd; Red Mercury, Is 7d , £p_r,iß3d;Puhipuhi Prospectors Company, lis 9d.

[FEB PBESS ABSOCXATON-COPYBIOHT.I London, June 9. __ c whole of tho Queensland loan has _. +_J_en up at 90 per cent, and the £"* »» n d National Bank notifies that it srS^ * mat " ed debentureß on July lßt H g iron is now quoted ... Th* Bank of France will release £800- COO sterling in the autumn to pay r has been made in the duty on corn and flour. (Received June 11,10.35 a.m.) London. June 10. ,r- ..._,„.itv of wheat and fiour afloat for ♦ is 3,168,000 quarters, the , ?"_; Continent 2,416,000. an The° rates tor money are declining, owing to the plentiful supply of gold. Three months' bills are quoted at 2.d per Ce Shares.-UnionSbamship Company JU 10s; N.Z. Shipping, £4, Shaw, O.vu, jmd Albion Company, &■> i" s -

[PEB PSE6B ASBOCIATION. j

! Dunedin, This day. Wheat.—The tone of the market this week can hardly be said to be quite so satisfactory. While there are buyers for really good conditioned milling sorts, there is no demand for second-rate quality, and unfortunately most of the samples now offering come under the latter description. There is a good demand for whole fowl wheat, but produoe dealers decline to give the prices asked by vendors, preferring to satisfy their requirements by other substitutes. Considering the limited quantity of prime wheat now available, it is almost evident that before many weeks prices are more likely to further advance than recede. Meantime we quote best milling velvet and tußcau 4s 7d to 4s Bd, medium to good 4s 3d to 4s 6d, inferior to medium 3s 9d to 4s, broken 2s 9d to 3s 6d (ex store; sacks weighed in; terms).

Oats. —A. very fair demand has been experienced for well filled bright short oats in shipping condition, also for sorts suitable for milling locally, at up to last week's quotation, although during the last day or two there have been slight indications of a lull in the proceedings; but it is quite possible this may only be temporary. The deliveries are daily becoming lees, and the fact th-»t most of the best oats in the stores are already disposed of, any now to come forward will doubtless be held for late rates at least, which are likely to be maintained. We quote prime milling Is 6|d to Is 7d, bright stout feed Is tid to Is 6§d, medium to good Is s£d to Is 6d, inferior to medium Is Id to Is 4d, Danish and blaok (which all along have only had very small demand) Is 4d to Is 5d (ex stores; sacks extra; net cash). Harley.—The market continues very dull. There is no disposition on the part of buyers to operate at anything approaching iate quotations Even the primest samples in the market are difficult to place, except at a considerable reduction on late ruling rates. Off-color and second-rate quality at the moment is unsaleable for malting purposes, and can only be placed for feed when prices are offered which growers would hardly care to accept. We quote prime quality 2s 9d to 3s, medium 2s 4d to 2s 7d, inferior 2s to 3s 3d (ex stores; sacks extra; terms). Chbistchuech, This day.

Wholesale produce prices : —Wheat, tuscan prime milling 4s Id to 4s 2d (f.0.b.), pearl prime milling 4s, Hunters' prime milling 3s lOd to 3s lid, chicken (whole) 3s; oats, milling prime 3 s 9d, bright short feed Is Bd, inferior long Is 6d.