COMMERCIAL.

Hawera & Normanby Star, Volume XVIII, Issue 3085, 29 March 1892, Page 2

COMMERCIAL.

(PEE PBBSB 488001 A,f ION.) LdNDONlMaroh 26.

Consols, 395 ; three months' bills disconted at 1$ per cent. New Zealand 4 per cent, insoribed stook, 104; 8i per cent ditto, 93£.

New Zealand long-berried wheat weaker at 425. Sellers are asking 87s 8d for cargoes on passage. Buyers' ofter is less. New Zealand bemp is dull, and none has been disposed of at auctions.

The quotations lor meat are unchanged* South Australian wheat is flat at 42i 3d ; Victorian; is weaker at 41s 9di jjFor Australian cargoes on passage', sellers, ask 38s Bd, wbioh is 6d*aore|tban buyer! are prepared to give. She Average prioe in the/ English county abarketi. it: 4 Mb. English white at Mark Lane averages 36s 6d. ... V X -

. The New Zealand $oaaabil MermntSe Agenoy r Company (Limited), rtport tinder date, February 20th :— Wool,— -"The first series of sales for the current year, which commenced on 26th January, will be brought to a eonolusion to-morrow. It will thus have ocoupiod 23 sittings, the oatologneß- emfeacirig 813,188 bales, giving a daily aveiag* pf, > 18,614 bales, aB compared wjthlß,6s6 > bales in the corresponding series of'last ' year. There was a numerous attendance 1 both of Home and Foreign buyers on the opening day, bat while competition was fairly aotive, there was, on the whole, a want ot confidence in the bidding. Values displayed considerable irregularity, bat for the moßt part ruled in buyers', favor, and by the close of the first week, as com* pared with fifth series 1891 rates, medium and inferior- greasy merino marked a depreciation •of folly id per lb, while washed and sooured merino and fine greasy cross-jbred ruled £d.@ Id per lb lower. Good merino in the grease, suited for American requirements, was unaltered, other descriptions, though somewhat irregular, being frifhout material change.. With tha progress' jof the sales the weakness farther developed, the bidding from the Freoob section of the' trade becoming tnpr6. -resttioted, .while. the. American demand, ?mbre espjciaijjy tqt&ae cross* breds in'the greasy, shawedga marked tnlliag ofi£ Wool ot d faulty spbaraotar Proved increasingly diffloult of rtle, while eparee.and medium crosa-breda, for which. rates at first were fairly, welt sapgorted, receded gnite jd per lb. Medium and inferior scoured showed a depreciation of from Id @ lid per lb, while' tbe best sorts rnled fully id per lb lower. Merino and oross-bred lambs in the grease, when of good style, and free from burrs, haVe throughout proved ready of sale, and. valuers /or these have been well supported. At the reduced level of rates competition, dunog the last few days, has been rather .more animated, bat . prices continue to exhibit considerable irregularity, and having regard to; the increased supplies in -course of transmission to this- market an.d-4;o the various manufacturing districts, * and to the tenor of recent reports received from the principal, centres of the woollen industry, both Tbsre and oh the Continent, there is bat little room for sanguine anticipations as regards the near future. Aa compared with close of fifth series 1891, the following is the position occupied by . oertain desoriptioxfe. at. the. sales- drawn' to a closed— <*tea«f l cross-bred, fine, Id @ tyd per lb decline; medium; £d @ Id; washed and floored do, medium and coarse, par. ' ' "*■ '•' \ . iCookifoQt.— -The enquiry b*f ifemf gtifot, and, with recent fresh arrivals, quotations for NewrZealand #nl» ionrero Tbeibolk qf the seed offered has b»en only olttgfanw, quality, and it has cons eqnentty bad tp compete with .American Iseea. With the present inactive, demand, stocks woqld appear bY moh'tbin s^feikrftrlit season's rett&remenißV an 3 ¥ny improve* ment in values in the near future cannot therefore be looked for.

Sbe,pSlrina^Atth«aWtio^b*iab^* <Jn:*he Sad aiiap22nd alt., 82dQrbalea wwa^ oflired, which niet a fair "dam£|t lm «i| Boid undet l thtf<liamßMtr. 'Ai;.o6n»4 pared with preceding talea' ratat, tb«ra was no quotable change in prioes exoaptf in the ease of lambs, whiob were about |d| per lb lower. A few special. lota. smtaUaf for American oonsumers, realiaed veiy iotH

ratet. ? Frwwo Mett^*-Tbt*BilfaerdariflftiM P*H »9tfth bas for thtciort part brno of ft mild ohirocter.bu* witlr moderate rap. plias of all kinde oi DMaiy valuM b«v»bMn well maintained, while during the last few days, with a retorn to a ootate tarn* peratnre, the dftnMcd J?a» improved, and values for moat dekoriptio«thftv« exbibiUd a firmer tendency, Th» idfpiry hjui boa- : tinued steady throughout. ■tflLan advanM of fully id pw lb bis b«en ftitaidjpher!, th« market doting firm at our quotatkmi. JbTosen lambs bay* be«tt nwrkttocl in limited quantities, and they hay. latt«rly» met » ready sale at from 6^d to 6}d_P« lb. Stocks both of Australian and Hew Zealand beef having been vary fight* and shipments from Amerioa having fallen of& values have marked ' a aharp advaao% - hind-quartan now realidog from 4M to 4|d, and fore-qatrten froit 4d to 44d par.lb. . . * J: " . j Butter.—DnHbif the past month the demand showed signtpf JalUng off, and m order to effect tata a oondderabWdtelina baa been rabattted to fdr all diMrtetiooa. Colonial makes are nowfcom Ia*to;l8i per .cwt. lower than at the data of ouriatt issue, but reoent arrival* of gopdimafiiy have sold readily at the deolS^^^Wa qaote:— New Zealand 86» toiflßipAniiri. oao, 76s to 1069. * Tmpn*t« H^qgi^fcA^f Ana? tralia doriojf the foor we«ki «nd«d,Sßth inst. aggregated 86,114 pufcagafcl^m Obtese.-HXhere baa bN»*gM3siiifc&t daring the last four WMi^AiM>ipnand Canadian oommandfag advaito^ prioat. ImporUtiona from Kjr Z~JmM&'hxn amvtd in good oomffitton attdL'wftliKidy at from 82* to 5Q par e%t Wm qtbaihr^ Pfneet American and Oraffiaa/Sittißv to 60s; New Zealand, Ate to 66« #S&wW Iraportatioof from N«w: hie tbe four *eeki todfcd 18Ut iQaaTa^^M 10^5 paokagta. . • „ <~^"^ *