Commercial.

Daily Telegraph (Napier), Issue 6418, 31 March 1892, Page 3

Commercial.

The Now Zealand Loan and Mercantile Agenny Co. (limited) have received the following cable from their London offioe, dated yesterday: — "Wool.—The sales opened this day at An average decline of about 5 per cent, on last sales' closing rates for merino, and for crossbred prices are ruling in buyers' favor. The attendance of both Home and foreign buyers, is good, and competition by them fairly active. The total quantity available, including wool held over from last series, is 440,C00 bales, of which 84,000 bales have been Bent forward to the manufacturing districts direct.

Messrs Dalgety and Co. (limited) have received the follotvingcable from London :—

'■ Wool sales opened with large number of buyers. Competition fairly animated; moderate selection. Total available, including old stock, 355,000 bales. As compared with closing rates of last series, there is no decline for fine crossbred. Coarse and medium crossbred easier. Merino in general is 4 to G per cent, lowor."

I [PEK MESS ASSOCIATION. —COPXEIQHT.

(Received March 31, 10.30 a.m.) London, March 30. The quantity of wheat and flour afloat for the United Kingdom is 3,256,000 quarters, and for tho Continent 1,832,000 quarters. Share quotations—Bank of New Zealand, new iesut) £7 10s, old issue £5 10s ; National Bank of New Zealand, £1 10s. The number of bales of wool sent forward direct to the manufacturing dietricts is 84,600. The total available for this series is 300,G00. The butter market is swamped by tho Danish and Norman article. Finest factory is selling at 110s, and second quality 90s. The lonic's butter is inferior.

[PBE PBESS ASSOCIATION.] Dunedin, This day. Wheat.—The unsettled weuther experienced lately has retarded threshing operations considerably, bo that so far very little comparatively of the new crop has yet come to hand. This market still continues void of animation, and transactions during the week have been unimportant, the few sales effected being in buyers' favor. Millers not feeling confident as to the stability of the market, are operating with considerable reserve, and buy only sufficient for their present small requirements. The drooping tendency of the market at Home is unmistakably being reflected in that of tbo local market, still small parcels in thorough condition are saleable, while medium, of which there is the larger proportion, is very difficult to place at anything over the price of fowl-feed. Quotations this week differ but little from last week's, which are—For northern best tuscan and velvet 4s to 4s 3d, medium to good 3s 3d to 3s 9d, good whole fowl wheat 2s 9d to 3e, broken Is Gd to 2s Gd (ex store; sacks weighed in ; terms). Oats.—The wet weather at the beginning of last "week hindered the delivery considerably, and with a moderately fair demand on the part of both millers and shippers prices have remained firm, but during the last day or two consignments are assuming large dimensions, and it seems evident that, if growers insist on making immediate sales without reserves, it will hardly be possible to maintain the price lately quoted. We again give last week's quotations, cay, for prime bright feed and milling Is Gd to Iβ medium to good Is 5d to Is Gd, inferior Is to Is 4d (ex store ; sacks extra ; net; :J-d per bushel extra f.o.b. at Dunedin).

Barley.—This market still continues flat, and only occasional transactions are passing. Quotations nominal, say, for beet malting 2s 10d to 3s, extra prime 3s 3d, medium 2s 6d to 2s Bd, feed and milling 2s 3d to 2s 6d (oxstore; sacks extra; torinsl.