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COMMERCIAL., Issue 8033, 9 October 1889
The amount of revenue collected at the Custom-house on goods cleared to-day for consumption was Customs, L 839 16s 5d $ primage, L7lßs lid; total, L 847 15s 4d.
MINING NOTTS. Tbo tributers in the Roxburgh Company’s mine have obtained 570z of gold from the “top stuff” in which they are working, not having appliances to reach the bottom. The ‘ Tuapeka Times ’ understands that it is tho intention of the claimholdcrs in Munro Gully to arrange for an amalgamation of tho different properties with the object of working them on the principle adopted by the Blue Spur Consolidated Company in their tailings claim at Gabriels, SHAKE QUOTATIONS. The following were net prices quoted at tho c’osing of the Reefcon Mining and Stock Exchange last night Buyers. Sell- rs. s. <l. s. 0. Alexandra .. 0 4 0 0 All Nations .. .. ‘JO Big River.. .. 310 1 2 Chicago .. .. .■ 0 4 Bendigo .. .. 13 1 (1 Empress .. .. .. 0 6 Electric Light . ■ 16 Fiery Cross .. 9 0 Golden Load Golden Treasure .. 0 9 Golden Hill Gallant .. .. 2 0 3 2 Globe .. .. 22 0 22 0 Homeward Happy v-illey ~ 0 4 0 5J Hard to Find .. 10 Hidden Treasure .. 10 Hudson .. .. .. 0 5 Inkcrman.. 25 0 Inglewood.. .. 2 0 2 1 Guide .. .. .. 0 5 Resolution .. .. 16 Devonshire .. 12 Lord E ward .. .. 0 0 Lone Hand .. 0 2 Kocp-it-Dark .. 20 0 _ Mullum .. .. .. 0 3 Pioneer .. .. .. 0 4 Lycll Creek Londonderry .. .. 0 2i Merry jUa.. .. .. 0 9 Mount Norman Mount Morgan .. .. 0 3 National .. .. 0 0 0 11 Nil .. ..5 0 7 0 New Britannia .. .. 0 6 No. 2 Dark Pandora .. .. 10 12 Progress .. Reform .. .. 0 0 0 6 Supremo .. ~2 6 Drake .. .. 2 9 North Wealth South Hopeful Specimen Hill .. 3 0 3 3 South Wealth .. 0 2 Triumph .. .. 0 5 0 7 Alpine .. .. 10 0 Venus .. .. 0 9 10 Wealth .. .. 5 0 0 3 SOUTH BRITISH INSURANCE COMPANY. At thohalf yearly meetingof the South British Insurance Company at Auckland to-day Messrs Goldie, M.H.R., Boardraan, and others criticised the report and management, comparing it with the New Zealand Company and their loss, and urging the withdrawal of foreign business. Mr U oldie proposed that a committee consisting of Mr Edson, Mr Elkin, and himself should examine into the operations of the company and report. The directors accepted this, with the addition of the auditors to tho Committee. Messrs Hobbs and Buckland were reelected directors, Mr Batgcr was the only nomination for the vacancy on the directorate, and was re-elected. STOCK AND STATION REPORT. Mr Donald Stronach (on behalf of tho New Zealand Loan and Mercantile Agency Company, Limited) reports for the week ended October 9 as follows: —
Fat Cattie. —153 head were yarded at Burnside for this week’s market, a few of which were prime beef and heavy-weights, the balance ordinary to good. A very good demand existed, and biddings spirited for all descriptions, but while this entry was much smaller than tho o to hand during the past few weeks, prices realised showed but little improvement on those obtaining last week. Best bullocks brought L 9 to Lll 15a; medium to good, 17 to 1.8 15s; light, L 5 10stoL615s; cows in proportion. Fat Sheep —3,0(8 were penned, comprising 350 merino wethers, medium to good mutton, and 2,058 crots-breds, the larger proportion of wliicli were wethers. In point of quality, with the exception of a few pens, which were very prime, the lot did not compare favorably with last week’s entry. There was some slight demand for export, and best quality wethers at the commencement of the rale brought a shade over tho previous week’s prices, but for ordinary quality prices, if anything, were a shade easier. Best oross-bred'wethers brought 14s Cd to IGs OJ, one pen 17s 6d ; ordinary to good, IDs to 13s 9J ; best cross-bred ewes, 12s 3J to 13s Gd, one pen to 14s 9d ; ordinary, 8s 3d to 11s 9d ; merino wethers, 6s to 11s 9d. Lambs. - 66 were penned, ranging from very medium to good. The latter had a very good demand, although nnt reaching last week’s prices: but tho former had less attention. Prices realised were from Os to 14s.
Pigs.—There was a small entry to-dav, only 97 being penned, a large number of which were suckers, and these had a very good demand. Porkers and baooners were iu fair request, but no advance in prices. Suckers brought 5s 6d to 13s Gd ; porkers, 23s Gd to 32s ; baooners, 40s to 47s 6d ; one or two extra heavy to 60s. Store Cattle.—There is considerable inquiry for grown cattle, wel’-brod and quiet, and a few changed hands, but until tho new grass begins to make some show buyers hesitate to operate except on a limited scale. Doubtless a little further on the market will assume a livelier tone.
Ston 1 Sheep.— Business in tliiw line is reduced to a very small compass. At present there arc no desirable lots offering, and pending shearing operations there will ho nothing of any conse•luencc passing. Wool. —Advices per cable from London to date respecting the progress of the present series of sales being held there report the market firm and no change for the bulk of wools. Up to the 6th inat. 220,600 hales have been catalogued, of which 136 800 have been sold. The Homo trade has taken about onehalf the number of bales available, the other half being purchased for export. The sales close on tho 15th iust.
Sheepskins.—A good supply came forward for our sale on Tuesday, when we offered a lengthy catalogue of both dry and green skins. All the buyers in the trade were in attendance, and competed with spirit; but, while all offered had an excellent demand, there was a little more caution exercised in biddings, especially for all coarsc-woollod skins, buyers seemingly being disinclined to reach prices obtaining lately for this quality, although for the finer sorts, both cross-brods and merino, prices realised showed but little difference. Country dry cross breds, low to medium, brought Is 3d to 3s lOd ; do do merino, Is 4d to 3s lid; medium to fullwoolled cross-breds, 4s Id to 7s 9J ; do do merino, 4s to 5s 9d; dry pelts, 3W to Is 2d ; butchers’ green cross-breds—best 7s 9d, 7s 7d, 7s 4d, 7b 2d, 7s, 6s lid, 6s 9.1, 6s Gd, 6s 3d, good to medium and inferior 6a, 5s 9d, Ps 6d, f s sd, 5s 3d, 5s Id. 5.5, 4s 9d ; green mcrinoes, 6s 6d, 6s 3d, 6s, 5s 10J, 5j 7d, 5s 3d.
Rabbitskins.—We have no further advices with regard to the position of tho market at Home. In tho local market, however, a brisk demand continues to ex : st, and prices for best furred skins are still firm. Medium and inferior also command good attention, and realise fair prices, considering those recorded in the London catalogues. At amotion on Tuesday we offered a lengthy catalogue, principally bags, a good many of which were only very medium skins. Hides.—A steady demand continues to be experienced, but without any apparent improvement in price, and considering the depressed state of all the outside markets, the outlook is not by any means satisfactory. All the business passing is done for local manufacture. Shippers apparently seeing no outlet for their operations, are not in the market. Wo quote extra heavy selected 2;/d to 3d ; heavy, 2Jd to 2gd; medium, 2 ; Jd to 2^d; light, 2d to 2Jd; inferior, Ud to Ijd per lb. Tallow.—Tho market continues steady, and no material change in any way to report. The supply coming forward is sufficient for requirements, and the only operators being the local manufacturers. In tho absence of any very pronounced demand for shipment, prices don t seem to vary much. We quote prime rendered mutton, 19j to 20a : medium to good, 16s to 18s; inferior and mixed, 12s 6d to 15s ; rough fat, boat mutton caul, 13s to 13s 6d; inferior to medium and good, 9s to 12s 6d per cwt. Grain —Wheat; Tho English market vacillates a good deal, being reported one week stronger with an upward tendency, and a week later cablegrams advise the market changing for theworce; the American also being depressed. Under these circumstances it is scarcely to be expected that the colonial markets can maintain present values, and which are at present much higher than those relatively current at Mark Lane. Shippers decline to operate while the Homo market continues so unsteady, and although now growers who have boon holding for a more remunerative market show an anxiety to quit their stocks, buyers arc reticent and sales impossible to effect at late quotation 0 , except of very small parcels, and then only on occasions. All sorts are in full supply, with tho exception of Tuscan, but even of this class there is sufficient for local requirements. In the present divergent views of buyers and sellers actual values are difficult to give, but Tuscan ranges from 3a 7d to 3s 8d; best milling red straw and velvet, 3s 3d to 3s 6d; medium to good, 3s to 3s 3d; inferior to best fowls’ wheat, 2s 5d to 2s lOd (fx store).— Oats: A considerable quantity have been put on the market during the past week) and at the reduced prices sales
are freely made. A great deal more would have been disposed of if buyers could have got them shipped, but the want of suitable freights binders operations to a largo extent. At the moment it is difficult to predict the future of the market, hut wo think it haully possible for prices to come lower. At auction sales bold this week, stout bright milling brought Is lOd to 2-i; short bright feed, Is B.Vd to Is 9Jd; medium, la 7d to Is Bd. Danish and black oats have little or no demand in the meantime. The above prices were ex stare (sacks extra).—Barley, for malting, commands no attention ; sales are in consequence difficult to (fleet, especially when the quality Is not extra prime. Medium to inferior can only bo placed at prices about equal to those fo r oats. Quotations nominal, say : For prime malting, 3s 5d to 3s 7d ; medium, 2s 9d to 3*; feed and milling, 2s to 2s (id (cx store, racks extra). Gras* Seed.—Ryegrass: There is no improve mont to report in tbo position of the market, which still continues somewhat inanimate, the business passing being confined to retail parcels only ; on rare occasions parcels of any magnitude arc placed. Apparently the supply is larger than it was at one time supposed to be. We quote local-grown, machine-dressed, 3s 0d to 4s 3d ; undressed, 2s 6d to 3s 3d ; Poverty Bay, 5s Gd to 6s 6d (sacks extra). —Cocksfoot: This is only in (mail demand at present, no sales of any consequence being effected. For the small lots disposed of, we quote machinedressed 4d to 4Jd; inferior and medium to good, 2Jd to 3i(d per lb. Potatoes.—The season being now so far advanced, dealers arc operating with caution, purchasing only for the time being. Shippers are occasionally in the market, but their operations influence it but little. Wo quote best Northern picked, 95s to IflOs ; medium, 87s 6d to 90s ; Southern, best, 75s to 87s 6d ; kidneys, 30 to 40s per ton. Chaff.—The market is fairly well supplied ; but consumers are not inclined to purchase at the prices obtaining some time ago or even lately ; neither is there any inducement to ship —in consequence, priors are easier. We quote prime oaten shcaQ L 3 to L 3 7s Gd ; ordinary, L2 to L2l2s 6d; straw, 20s to 30s per ton. Dairy Produce.—There is no alteration in the market for either butter or cheese. Stocks still continue heavy, and no possible outlet at the moment—quotations nominal. THE LONDON MARKETS. Tho New Zealand Loan and Mercantile AgcncyCompany, Limited, have received the following cablegram from their London office, dated Bth October“ Wool: Since the opening of the sales nearly all descriptions have advanced id per lb, except scoured, which has advanced id to Id per lb. For fine and coarse cross-bred the market is unchanged. Up to date 149,000 bales have been sold. Wheat: There is a (rood demand. Now Zealand average is worth 34s per 4981b, New Zealand long-berried is worth 37s Gd per 4901b.” Tho Few Zealand Loan and Mercantile Agency Company have received the following cable from their London office, dated Bth inst. : —“Leather : Best sides are worth per lb. Mutton : Canterbury is worth 4![d per lb; Wellington is worth 4id per lb. Beef: Hindquarters are worth 4id per lb ; fore-quarters are worth 4d per lb.’’
COMMERCIAL., Issue 8033, 9 October 1889
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