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COMMERCIAL., Issue 8040, 17 October 1889
'.(’he amount of revenue collected at the Custom-house on goods cleared for consumption was Customs, L 930 10s 7d ; primage, LI9 Os 7d ; total, LD7O 6i _2d. Thu following cablegram was received to-day from Messrs Nelson Bros,, Limited, London “Mutton market still dull. Beat quality, 45d." The wreck of the barque Willie M‘Laron was sold by auction to-day, and realised L 13 0; Mr H, W. Cottrell being the purchaser. The National Mortgage and Agency Company have received the following cable, dated London, October 16:—“ Present value of New Zealand mutton in London is 4,f;d per lb. Market decidedly weaker; tendency downwards.” THE LONDON MARKETS. The National Mortgage Company have the following advice from their London house, dated 6th September, re Loudon markets Wool,—Fine qualities ate likely to be in good demand, but coarser sorts will be moie difficult to sell, and America will apparently not be so eagerly represented as at last series. Wheat;— This article is not in a hopeful state, and we fear prices must comb down to 82s 6d and 35s for short and long berry. If the millers can get new English wheat dry enough for milling New Zealand sorts will be neglected. The only chance for the latter is that the English supply will not be workable for some time, and New Zealand sorts be taken as an immediate substitute. For three weeks no deliveries have been possible here from the granaries. The future of the article depends upon America chiefly, and if the supplies continue to be pressed from that quarter we see no chance of prices ruling higher than we have named. The English harvest has been a chequered one, and we do not believe the crop will be so much as 80 bushels per acre. Barley.—Good fine malting sorts will be sea ce, and full prices are looked for during the malting season—October to March. Beans promise well. The English crop is not a good one, and other feeding stuffs are dearer. We are hopeful of making 80s for the lots now in. Hemp, you will notice, has advanced a little, but we still insist on good quality only being shipped. Strawy lots will be neglected when other hemps are to be had at reasonable rates; and there is no ground for expecting such an advance in Manila, etc., as took place last year. The New Zealand trade has got a hold now of the trade, and will keep it if the quality is attended to.
Mutton.—We may look for prices dropping to 3s soon, when Continental supplies arrive freely. During the late strike trade has been quite disorganised. Home supply will bo held back somewhat in view of the abundant pastures, etc. Dairy Produce.—We look for a good trade, as the advanced wages given the working classes will stimulate consumption. That fact will also help the mutton trade. MINING SHARE QUOTATIONS. The following were net prices quoted at the c'osing of the Reefion Mining and Stock Exchange last night Dorms.—Big River 3s 3d, Bendigo Is 2d, Fiery Cross 8s Ifld, Golden Treasure 93, Gallant 2a Bd.Globe 21s 6d, Happy Valley Sd, Inglewood 2s, Kcop-it-Dark 20s, Nil 2s lOci, National OJd, South Dark 2s lOd, Pandora 9d, Reform Id, Dr..ko 2s Bd, South Wealth 2d, Triumph 4d, Venus XOd, Welcome IBs 6d, Welcome (now) 13s 9d, Wealth 6s fld. Alpine 14s. Skllkrh.—Alexandra 6d, All Nations 2s 9d, Big River 3a 6d, Empress 6d. Gallant 3s. Globe 22a 6d, Homeward Vs, Guido Id, Pioneer Id, Devonshire lOd, New Britannia 6d, Pandora Is Id, Reform 6d, South Wealth 6(1, Triumph IJd, Venus Is 2J, Welcome (new) IBs. PROPERTY SALES. Mr R. B. Martin reports having held a sale of properties (in the City and suburbs) at two o’clock to-day at his rooms, Water street. There was a large attendance of buyers, but the prices offered did not como up to the value of the various properties, the only sale being sections 75 and 76, Fitzroy, in the estate of the late Mary Power. These were bought by Mr T. M. Wilkinson for LSO. [brokers’ reports and announcements may he inserted in this column on specially arranged terms. ] WOOL AND SKIN MARKET, Mes-ra Arthur McDonald and Co. report as follows for the week ending 16th October: - Woo 1 ,—Cablegrams to hand from London today report the close of the October series of sales at a general advance of M to Id per lb for all descriptions except low and faulty sort?, which remain unchanged. The advance has been most marked in super combing merinos, finest half-breds, and quarter backs, hut it is indeed good news that the medium and coarser grades of oross-breds show a movement in tho upward direction, and there is yet much room for further increase in their value. We are already in treaty with a large number of growers for the purchase of theirclips, and we anticipate a very largo business during the season. We are arranging with growers to send their wool to our stores free of all expenses, and to let the wool stand over until they are in Dunedin. _ In the meantime all wo can say is that our clients will, wa hope, have no reason to regret the confidence placed in us. Sheepskins continue in very active demand, and we have orders for a considerable quantity. Since our last wo have operated very freely in all descriptions, principally largo fresh-pelted properly-dried skins, including 4,000 freezing skins. Prices rule at about equal to 6Jd to 7jd for really good skins ; 5d to GW for medium. Babbitskins —Our transactions during the week include a large number of bags, fudges, and odd bales, together with the following station linos : —GLADBROOK (two hearts), GALLOWAY (two he rts), BEN MORE, R. & G. LAUDER, HE RIOT, HYDE, HOME, etc. Tho bulk of the small lots now arriving consists mostly of sprngs. many of whiob, owing to the exceptionally fine weather recently experienced, are very poor in far—in fact, little better than summers. Prime winters are worth 17d to (station lines ready for shipment at special rates); springs, from lOd to la 3d; other sorts in proportion. Note, —We do not charge commission to the seller.
COMMERCIAL., Issue 8040, 17 October 1889
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