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COMMERCIAL.

The amount of revenue collected at the Custom-house on (mods cleared to-day for consumntion was L 1,049 6s 4d. Nows has been received at that a recent shipment of wheat from Cambridge to Sydney of 800 sacks realised 4a 9d per bushel. The expenses have not been stated yet, but they will probably amount to 13d per bushel. THE MARKETS. INleesra Dalgety and Co. have received the following cablegram from their Sydney branch, dated Ctb Juno: “The wheat market is getting gradually weaker. Tuscan, 4s 6d; Hunter's, 4s to 4s Sd. Oats: There is more inquiry—3s to 3s 3d. Potatoes, L 4 to L 4 ss. Market likely to improve later on.” RABBIT3KIN MARKET. Messrs Arthur M‘Donald and Co. report as follows Considering the season of the year good catalogues were submitted at this Week’s

auction sale?. The offerings for the most part consisted of the following well-known gtation lots; - Kawarau, R and G over Lauder. Closeburn, Greenfield, Ayrburn, Eden, Northburn, over T over Kingston, and several others of less importance. There was a full attendance of buyers, and competition was exceedingly keen, the prices realise! being very satisfactory to vendors. ohe result of these sales goes to prove that there is a ready market locally for any quantity of skins, and at prices in advance of those obtainable by consigning to the London market. This is accounted for from the fact that the leading buyers here are in possession of orders direct from tho manufacturer, and by t.hiM means all tho intermediate charges are hived, a-d the actual buyer gets the goods delivered to him * lassod in a mau-.er most suitable to his particular requirements, which is of no small importance. Skins shipped to London for sale classed in the ordinary way—namely, thick and thin pelted, etc.—go for the most part into tho hands of dealers there, who to-class as required by the trade, and then sell to the manufictuie-. This accounts for tho reason why buyc r s here can give better prices than the equivalent London value. At the sales above referred to GO bales, 3 fadges, 0/ bags, and 2 bundles were catalogued, and all sold at prices ranging—For late caught winters, Is to 13£ d ; autumns, 9J to 11R1; rummers, C,|d to 7Jd ; suckers, 3d to 4,} d. The following were the

Total Gd 3 *’7 So keen was the competition that none of the other buyers secured a single lot.

THE FROZEN MEAT MARKET.

Messrs Arthur M’Donald and Co. have hauled us the following extract from their London agenta’j (Messrs Low, Sons, and Co.) letter by last mail, which explains the recent advance in froz >n mutton in the London market: —“The present is a very favorable time to buy for delivery here during the month of June, The foot and mouth disease has broken out among the German sheep, and the Government here has prohibited their importation alive for three months, commencing from the 23r! March and terminating 23rd June. A few are coming in just now dead, but this trade cannot last owing to spring weather having set in, and the season getting advanced. The consequence is that English and Scotch meat, besides New Zealand and River Plate, are going to reap the benefit of this very unexpected and quite unforeseen curtailment of supplies. . . . Your letter is not very encouraging in the matter of getting space, and although you say there is plenty of space available alter tho end of May that would be too late to get any benefit from this .sudden stoppage of the German article.” MINING NOTE. The report of the Department of Mines, Queensland, for the year 1888 shows that the yield cf gold for the colony was 481,6430z, as compared with 425,9230z in 1887, the increase being 720ez. Of this excess Rockhampton field, in which Mount Morgan fmine is situatedl furnished over 30,0000z, Tire number of miners employed during the past year was 9,291, an increase of 180 over 1887. The number of Chinese engaged in alluvial mines decreased from 856 in 1887 to 745 in 1888. The revenue collected hy the department was L 34.439, or L 1,485 less than during the previous year. A HEAVE FAILURE. Chiustchoroh, June 7.—The well-known firm of Lightband, Allan, and Co. have sus-p-nded payment and go into liquidation at once. The local creditors outside the Bank of Now Zealand are small, but there is a considerable amount owing by the firm in London, The weeklj hands knocked off work last night and the piece hands flni-h on Saturday. The total liabilities are L 120,000. [By Telkqbaph.] Sydney, Juno '/.—The quantity of breadstuffs received during the past week was 483 tons of Hour from Victoria and Adelaide; 780 tons of flour and 1,140 tons of wheat from New Zealand; 1,200 tons of wheat from India. Buying for New Zealand is very biiak, owing to competition. The two steamer lines are enabling the foreign buyer to do business advantageously in the local markets.

’ Bales. Badges. Bags. Arthur M‘Donald and Co. . r ,4 1 nr, Robert Clelaml and Co. ... 4 2 111 Rem»hardtand Co, ... 2 — S Hogg, Howiaon, and Nicol — 4

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/ESD18890607.2.36

Bibliographic details

COMMERCIAL., Issue 7927, 7 June 1889

Word Count
859

COMMERCIAL. Issue 7927, 7 June 1889

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