COMMERCIAL.

Lyttelton Times, Volume XLVIII, Issue 5225, 17 November 1877, Page 2

COMMERCIAL.

TATj

1 • '* gs. „ LytMteeXtawsOffiee,. C ' , ‘LjSgl, JBk riff*. MlfflmtaA4 ©BAIN ANLM I ;SODHQ& •V holidays -tho r j|eipa tatyket has he*# ■exceedingly hvSgnld,. -liToltycfo a rityo than osuuly limited. hnslnWe; aifyundo*' iw^doi^edto Ipcd-bimtityUn,.. \WhkAt.—The tone' of the market is doll, 4(ad. sales of any but flrst-olsso aamploa dlffloalt‘”t6 mtVrt sound ia worth 6s } inferior ranges from 3a totafid. 'OaTSi-“Ino»tB »othtitg hooboon doneboyead a few trade parcels at 3s. The markets outride show a slightly firmer feeling, but not to the extent ttyimparting a corresponding tone to our values haio.'" ... .Flour.—Tho drooping tendency..notlooabla .for sometime peat still continues. Wo quote £l6 to £l6 for good brands, butta tho ji resent abeenoa of ordora ■’it concession on this would; doubtless hetyteia. ftblOe * ‘‘ i - j Potatoes in small lots can ba got at 20s* , .. v Dairy Produce la qiiiet, Batter, new, 6J4 tO fid. Cheeae is in better demand nt 5d to 644. Hama and baton, in cloth, 7d to Bd. . ' i»l i

' STOCK AND STATIONS. j The weather, htillkskpa exceptionally'dry, and tho pastures in the Canterbury diatriot oro, barer Oj feed than they have ever beet* seen before at this season Of tho year.' The -crops look remarkably well, considering the seasop, but there can be ho doubt that on all light land.tartye the crops will be poor, unless a oopibna fall of rata comes speedily. 1 . Shearing la now ta full swiag on onolosod fwmß. and on : runs praparatibita;taf‘tyttta&ictag i nre ta full activity; The cllp promißes to be of good quality, and to far the ooaMton ia Ught; iaa!a natural toneeqnonoe of the dry winde which have prevailed tar many wtoks. 'With togtyfity price, proepeets are fair. They are fully tiqj.the opening rates of last sear,«a4,with qlitUa Improvemant in tho trade of Europe, we may falrly look forward to a maintenance of eristtag .prityk.tyith probably a slight taoreoae ta the value of better sorts, j ri The long oonttanahoa of dry weather has bad the effect of checking enterprise ta stock business, and as ecllera oro more numerous than buyers, there ia - a decided decline ta priofie, particularly• of store stock.. At the Addington srieyards on .Wednesday,. 9584 sheep and 622 head of cattle were yarded. ; ' ' SBExr.~Sztxa prime cross-breds. Shorn, brought x 20s; good do, 17s 6d; second do, from 9s to Ua 6d. Several i,obd quality lots of mermo wetheiai ta the wool, realised 11s.’ W© quote 3d per ib> aB tyt average for inaiton ta tho' wool, andljd per:lb. oioni. i Fat lombs,, best lots, .brought from 10s 6d to 12s } fair .to medium quality, .from 6s 9s to Bb. : Cattle.—Tho cattle penned comprised several prime lota of. beef, for the bids dings were doll, which resulted in tho owners withdrawing some bt the best Iqfa subjnitted, We quote 2j e ed per iooiba aa -an average: tor fat beef; The nsuri descriptions of stores .came forward, but the owners, not oaring to part tor the -small' price offered, the bulk wan withdrawn ', -... i The Cuatoma’ revenue- collected' yesterday amounted to £76l' 19s. The tallowing wore the items:—Spirits, SJSJgala, £2ll ss'; wine, 264fgals, £5217a 3d ; tobacco, ISUIbs, £IBB 17s 6dj cigars, 1341 lbs, £33 Us 3d } boots, 6 trunks, £3 12s; sugar. 23,9341ba, £95 Us 3d; tea, 12931iw, £32Bs j drapery, 14 cages, £73 8s j hardware, 11 oases, £9 4s; timber, £3sslodj fancy goods, 4 oases, £ls 16s; sundries, "£36t9s.'-'' •' •' —— '• The.land saleß on Thursday^amounted to 4555 acres 1 rood, as follows Ashley, 42 acres ; Selwyn,. 2436 acres ; Ashburton, 363 acres ;_Waimate, 1714 .uM Town of Aehburten, l 'rood: reaUsiug, ■'FfifalraJ' -~’' 3 tyA'.fi.. i : Slessrs EL Matson and Co.’ report tar the weak ending ' Thursday, Nov 15, ; as, followsAt the CxHXEBBuar -Balbyab»B on Wednesday last, 6a2 head of cattle;' 9534 shtop, arid 143 pigs, comprised, the entry to hand tor the week. >n cattle tho supply far exceeded the demand. The continued absence of rain and consequent scarcity of feed', is' causing large lots of cattle to,ba forced intqmarket, 1 ' with*no buyers except at noonaiSerable reduction upon late values, which sellers at Wednesday's sale ‘ were not prepared to submit t% tberebyi-canstag many lines to be returned to-owners unsqld. The tew head of beef , offered excited but little competition, and althongh the loijs to. Band found .buyers, it was with difficulty they were placed. -We do not look for any great reduction ta values for this latter /■incn ol stock for some time. In ebeop, considering the very fargd number to hand, the- market held out amazingly. - Althongh.a reduction iu values had to be submitted to, nearly every line changed hands at fair and reasonable rates.- Our entries lor phe day, comprised 513 head of cattle, 4384 sheep, and 125 pigs, for Sir Orocroft Wilson*-Messrs H.f D. Gardiner,'John Deans, Hejwoodland Bowrou, 0. Bobeitson, A. Sharp, W. Batnard;' Wright find, Murray,'Jas. Bell, H. Barker, M, Moody, B. Graty, M. GiWi'W. Jackson, Carpenter Bros., J. T. SaSeke;' ' Deßoarbel and Co, Q. H. Sharp, J. M'Gainesa, J. Trott, A- E. Gray, J. Btanton, B. Dopob,.P. H. Brittan, A. Martin,' J: Denney, P. Houghtoa.'J. Pergnson, A. P. O'Orilaghan, J. W.fe Wright, Herrick;.Morrow, Bassett and Co; W. Mitchell, S. Lindsay, J. 1 Ktaley," -Bimmonds Bros., IS. Maddison, G. Dickinson,- M'Quire, Williams, 8. Harris, 8. Bril, A. M'Laren, J. Armstrong, Living, ston, Q.-Dunoan, IJohn. Smith, and others; In fat cattle; we sold ’ 15 * steers at £9115s to £lO ,12a 6d,, . 16'at. £8 15s, £9 10s to < £lO 15s: 12Ut £7lsa and £9'- 10s'per head Bat £9 10s to fll.andTntiißli several light, weights; £6lss, £7 iOsio £B. : In stores'we disposed of 288 head at various values, say; at' a reduction of about 10s per head-upon lost' market'rates, turning-out; the balance unsold. -'ln sheep.we sold 201 shorn 2-tooth at 6s’;-94 do at 7s f'd’and 8s; -133 merino wethers, 'ta wool, at lie; 2SS do. at. Us; 22 cross-breds at 14s: 6d ; 223 »ierind »-«o8, with lambs, at 5s 9dj 129 mbrtab wethers at 6a; 160 shorn cross-breds at 10s; 476 do at 8s fid to 9s; 652 shorn 2-tooth, inferior, at Ss Id to 5s fid, 264 3-tooth at fis fid, 170 do at 5s 9d to 9s 6d, SO eweß- and lambs nt 9o 3d, 127. merino wethers at Ba, SI hOggetSat Sa 9d, 78 merino wethers, ta wool, at l3s ; 85 cross-breds at 15s fid, 3 at 6s, 38 oross-bred swes dtOs Sd, 74 do. at fie fid, 58 ewes at. 73,211d08ti48,T1S ordss-breds at9s9d, 84 at 9s fid, '356d0 and sundry lilies at ourrbnt rates. - In lambs' we sold numerous entries at from 5s 6d, fia fid, 7s fid; 9s, to 12s eadu ln pigs werdeored ont our entry of 125, at from 5s 6d .to 7s fid; 12a; Isa, 18s, 251, to 80s each. Wool; Sbebeskiks, HiDES;;tallow, ko.—At our tole on Thursday, a 022 woolly sktas, ifififi pelts, 854 lambs; 216Mdes,andJ86 bogs of rough fat, os also several tUa and casks of tallow, comprised the entry, for all of which there was good competition, and fair values obtained. Beat cross-breds, fis. 6s fid, 7s, to 7sfid; second, sg, Ss fid, to 5s lOd; merino, ss, 58fid,59 Bd,to fiscach; ordimry.Ss lid, 4a fid, to 4s lid toch; oountry'shta's; 33 fid, Sa’fid.to fis fid, and is 10d,'2s fid,to 3s each ; pelts, at 3d each jdamb sJang; Is to is'fia eachhides,- salted,' 4 -J-d per-lb i green;3fd-per Ihi per lb; rough-(at; ■?id/2}d, 2id, to 3d‘ per, lb.'.Wool.ie now coming, forward freely,' and th’s' first public, Bale for the season is fixed-for- Tuesday, -Nov 27 next; when aconsiderable .quantity will be catalogued. Outride we have sold ,'n; lino of, .1060-merino woolly skins'at. fie e»ch, CoDsriiT’ , ’roCK''MAiikaTa i At'the Papanul .monthly, sale cm, Monday ,' 354';head of cattle, 3480 shoanwerepeiihed.ofwhichweßOldSOOh’eadoftyittlo and 1900 sheep atfoir inaVkot values. On atprday' last wo ..held, oumnnuri sale of pedigree Btqck.ht. the A. and P.-yards. wheEWolßOld a largo number .of pedigree buUaf pure 1 incoln sheep, Ac, &o,‘a tull : report of which has appearedin thelOCfit'-'jonrnals. Canterbury Horse Market: At Tattersallfe, on which 1 ’ we diepoied‘of. hi oonaiderabionum ben at capit;}.. values. Draught Btoob;£4s, £55, : £fi3,-nnd. ai supe-' 1 rior mare at IOOgsV ordiuary draught, £35 to' '£3s ; taTriagepalra,at v 6ogato7ogeper pair: hacks:and baggy horses, £25, £2B, to £33, and for.’ordinary, £l2, £ls, ana £ie;- Woeds, £3, :£B, to £lO, Unbroken stock sold very well. There is a capital demand for really. good unbroken stock ; a consignmeat of snch would meat with a ready market, Wessrs J! T..Fdrd and Co. report on the-live-ptock marketfor-tho_ w.eak ecdingr Thursday, Hoy; 15, as follows:—At,the Addingtoh Yards yester r . •fiay. 9584 ab©ept>632<heqd of-cattle, and came to hand. ...purtag tho : show.and raepweak: there was no market, centOquently./the! trade requirements were- heavier' .than usual; 1 and they . operated oxteneivoly, ip 'Both fat sheep-afad fat . cattle. Mutton was selling at from l£d to IJd pqr . lb shorn, and at abont.2;-d in iho wool. A drop of over,id per lb was felt bn thedar’s transaction from former sales. Beef also suffers 1 a decJiae of 2s fid per 1001 b on.former sale», and store cattle were almost a drug ta the market; Store crosa.brods, shorn and mined sexes, were selling at f-om- 5s 2d : to 5s fid and fis each; shorn mertao ewes 't 2s 3d eaoh j 1 shorn merino wethers at 4s each; ccoa«-bred ewes, with an' overage per oentsge ofl at foot, were'selling at about 8s to 9a each. Our entries tor the day Were off account of the Hon ■ E. : W, Stafford, Messrb Balmer,: Burse,?W» B* Tosswill, O'Crilnghan, Holmes;-T. Cl >ck,-Green, Gordon, Trask, Bloke, Belfast Coihparu.’Clarkßon ' J 9 .: O ’ Tiirelkrid,, ,;.H: ;Borker; v Bbeate,. Maddlson, W. B. Clarkson, Nelson, Cardale J Keith .jam; Garforth, and others, comprising 4702 sheep and 5 j bead of cattle. Wo succeeded to quitting au Oiir entiies at above quotations...’Our sals of the Yaldhurst stud has already been' so .faithfully reported that we feel any further mention of the same on our part to be unnecessary, ■ ■ - - Iffr hobort Wilkin?reports s—Wool—rßinoe my> last repbrt Wool had been coming in rapidly.: I have now between -250 and MUO bales awaiting opening tale,- which is'advertised, for Tfusday, Nov 27. A few odd lots were disposed: of as fair prices on Thursday. 1 Bheersejns.—22So skins, 5'.‘7 pelts, and 257 lambskins were catalogued on Thursday; and all sold. The attendance of buyers was good, 'and’tbe' bidding was spirited.-: Butchers' croSs-bred, ■ largo, full-woolled, green;-fis lOd to '78.4d each,;'ditto;’ two-tbirds to: three-quarters woolled, greop.ids lid to fis .10d each; ditto; medium, half /to two-tbirds woolled, green, 4s-9d: to.fie lid each ; small imd in* ferior, Ss 2d to 4a Bd eaoh ; .butchers’-meriu'o, large,, fnll-woolled, green, fis 7a t> 7s 2d each; ditto, tnedium. half to twn-thirds woolled, Ss 8d to fio 7d ’each ; small and interior, 3s 4d . to,-As each.. Dry country skins still command attention, aud sold at fairprioes, from 4s Sdto.fis each.- Pelts, 2d ; ,to, lid each; - Lambskins; Id'to Is 3d eabbu ■ ’ Tai.U>w.—lo3 bags butchers’ fat were offered; and all p'dd at good prices. Best, clean, well-saveu, 2sd to 3d< per lb; inferior and heated,lJd.to 2Jd per lb.; Tallow - brought 2fis to 29s per cwt.’ Hiues.—A lo ;of salted hides were offered, but were not sold. Green, sold, at 3Jd per lb. Calfskins, fiound.woll flased,fildpor : lb; out and damaged, 3'„d per lb. The «o.l»d hides were sold privately, after thfe.'sole, at 4;d per 10., SHAKE MABKET, i

The f oHovriugio Ur £. J. T. Ford’s report on the share market torthewoak ending Nov. Uh— Bitse.—Natiwal Bank, <!9a 3d; national' Inwr-'

fiOi&K i« 34 ex dir i South British Insurants c, 80s ; " mftpt. !l{n * Sflg fIA. BELLuns.—Bankof Hew Zealand, £22 6a; Nations Bank, 7gs lOolonlol Bank, too Oti t New Zealand TwriiWnen. 100 s! National Insuranoa, 81s 6d«* dltj South'. British Inturanoo, BDa i Union' l»taraiw% ISafjHew Zealand Shipping, 76a j Unity! Btari» r National Bank, 68a 64} oimriy'Slß ex dtv; South British, 75a} )&s#a »BHj Instalment, 60s} Christohuroh Goa .(nfewfaattaK Woollen, 695. \ - .

Melbouueh.—Tho Argus of Nov 8 reports s Breadstuffs ate still alow, hut a good tooling is notloeablo, and soles of flour have been made at up to £l3 j quotations, according to brand and qaau* tite.wngo from £lllsxto £l2. - Wheatlaaotpor • tic marly marked by activity. At auction, one or ' two 'small lots wWdispom o$ At M 7d,‘ vatel prl«.Vately have alsdbtan madb»«*riwilarMte:. Adej iaide advices have been received to Nor 8. Wheat wa9thensoaroe,withoaUar»'at.ss9d.. The. ship-., manta to date, we l<aam from Messrs Morgan, Connor, end G&deV rirotiJ w amounted to 49,427 tons of flour and 20,880 tons of wheat, leaving ft bolfCttoeavailablafor of flout.' Tli©re is not much doing in oats, bat ih© markets is barely supplied, aod mp*& patoalaosn be daitted. Quotations range from ia ltt to 4s id, and arias have been made, both privately and'by auction, at within thoae figures. On maize a sudden i Advance- has. been established., A parcel woe sold tbla forenoon at the extreme figure of ss, but ob -supplies are very short, many buyers have had to go without.. Sugars are very firm,-but the. market .hoe ecareriyopenbd out for bnsinese.and ho special ualoa have,' beaa, reported; ■. Teas have likewise .been, quiet. We hearty a parcel oi ohesto low'ordinary congous having' bsan plaocd ot 1941. Malt has had ottontion. We loam of three aliip-, m.ats to the extent .of 100 tanks having changed hands at' an improvement on recent business done in this article; the high rated htiU quoted in London causing' a very much firmer’ 'feeling “ to' prevail amongst importers. Tasmanian hops are quoted' at la on to Is 8d for ordinary requirements, and we understand that sales have been made at within oUr quotations. A shipment of Gospel Oak corrugated iron, 26-gauge, has been pkoed at a very fall price, ••oda crystals are- moving at. £8 17s 6d. A line of 50 bales oornsooks has been taken up at 10a in bond. The timber sales, comprise ISO.OOOIt shelving, eold at £10;ond 100,000 ft clear pine, disposed of at up to £l2 17s fid. O’Briefs , dagger stout ia moving off; n j freely ta'partels. r v Adelaide—The Observer of Nov 8 reports on the breadstuffs market';—Since our last report but few transactions have; been. effected in this market. The quotation <’ for. wheat atlli remains at 6s 8d par bnShel,. and at this figure some few, small parcels -have been quitted Very liitlols no w" on firing, 'and tho market closes dull, but with a little moke enquiry. In town flour we note a sale of a parcel of 800 tons'(or shipment to New Zealand at £l4 per ton f.o.b.at Fort Adelaide, - Bales of country flour here offs'Otad at £l2 per ton early in tbe. weak, butfre have no'saies reported'since. -The nominal quota, tions for wheat.ahd flour.are —Wheat,' 5a 8d per 'bushels Town flonrj,£lß Its to £U per tonj oountry flour, ,£lB to £l£,loa,par; ton. In bran.and pollMd we have no alteration to ropart; the present quotation is for branllid to.ls per bnshel, and for; pollard le 5d to la 6d pet bushel. Now Zealand oats aro steady Bnd in fair doui’ilid fit 3a 4d,to 8s 6d |?©r bushel. In barley we have no business to report. ThO exports for the week endlog Oot 29 were 394 tomj of flour, making for tho y©ar to that dat© a total exportation of 19,551 tons of wheat and tons 'of flour. The Lass of Gawler is chartered, we understand, to load breadstufis for Natal. ''' BANK OF NEW SOUTH WALES. - ! ' The' taUbwing ie the fifty-fourth report of the directors of this Bank, presentod, to the half yearly meeting ofjtha nrfiprietots, held at tho Chief, Bank-’ ing House, on Wednesday!, Obt 81V— ' : Tho direotore have the pleasure to submit to tho proprietors a statement of the assets and liabilities of the Bank on the SOth ultimo, with theauditors* deport and declaration-, ! I'Hie' iHott profits for r the. half-year, 5 after deducting rebate on current ! ..billa,, interest on , deposits, pro--, , ,• [ 1 :; viding for bad'and doubtful debts,', - t \ j■■ • " and reducing ..valuation of Bank, , ' 1 o.' ''premises, amount'to.;. - ...: £97,873 , SlO, Towhiohifltdbeadded—- ‘ Undivided balance from last half. . - . ; -1. r year ..,._...... ... 1 ... .-.3,4511610. Giving (or distribution ... £101,325 S| 8 Which, the directors recommend t 0..!,. '. I■' ■ 1 be appropriated as follows j— ? To payment of divl-.,/ ’ I .dead at the rate ’,'. ~ of 15, per Cent - ■ ; ■ ; per annum£7s,ooo 0 O' ; } 1 ■ Bonua at ;the.'iate , 1,. . of.ZJperceatpor.... ■ ' ; v/.r aanum ... ... 12,500 0 0 „ Augmentation of ! ■ .tiiqßesarye Fund 10,600 0 0 . ; „ Balance carried to ~ . . i Profit and'Loss," ■■ ’ "" I , new account -.3.825 5 8 - > -v With the above appropriation the Beserva Fund will amount'to £449,000;' 'Branches of the Bank , have .been established daring the past half-year at Bourke, Wollongong; and Ooonamblein this colony; at East Charlton iu -iotoria; and at AdelaidOj Sbuth Australia. ‘ The Havens wood Branch in Queensland was closed dnring the same period-' It will be’tho. duty of this meeting to elect a Director in the room df Mg James MUson, who'retires by rotation, but is eligible tar re-election, ahd has given the requisite r ttak'h»'la''»''i»iidMaiie;''’'flSßii*(»» I *flu also. have to be elected, in,,tbe room of Messrs Jameg Henry Neale and James Start Harrison, who retire, at this time, the latter being eligible for re-election. The dividend' will ba payable at the Head Office to-morrow, and atthebraucheson receipt of odvioa.j For and on-behalf ’of the Board of Directors, Thomas Waikk®,-'Ptosident. „ , .. I ..■ Aggregate Balance sheet of the Bank of NoW'Bputh ■-- Wales, Sept 30,' 1877, including London Branch to June 30,1877, and New Zealand Branchbe to ~ JSept3,lß77, , „V, " ' „ j . To Bank stock , ... - ... ••• 1,000,000 [0 0 „ EeseiVafund" ... , ..j ... ~ 430,000 .0 0 .. Notes in circulation , .... 1 674,930 10 0 ~ Bills payable '... —... 2,183,317 14 10 ~ Deposits and other liabilities,., 8,366,540 13 0 ” Profit and loss ... ~ , ' 125,663 17 3 £12.780,452 |5 1 Cr, ’ ’ .. £ ;s. d.By coin and oash.balances ... 2,969,670 1 8 0 „ Bullion in hand and in iaransit to London ■ 223,10-1; 9 '3 „ Government ssourities ... 50 n ,OOO So 0 . „:Notes of other Banks ... - 10,769 iO 0 ’.‘-Bankpremises ' . ... ... 262,840 j 9. 2, ~'BUls ,receivable, bills discount' 1 ted, and other debts due to the •, i .'l',"; , Bank ..... 8,803,922 13 11. ‘ V,’ InsuranMiibobunt -' ' ■ 10,245 j 4„ £12,780,452! 5 1 Profit and Loss, Sept 30,13771' ; Dr. 1877. £ is. d. Kept 30. To Rebate (atounentratos) 5 , ■ 'onbiliediseoantednot ; ... .. duejkt this date .. 24,338 'll 7 , -„■ - n Dividend at the rate 0f.., • - f , ~.. 15 per cent per annum; 75,000; 0 0 , t - ~t ß onuaat the ratoof 2-J. -Jr ; s per cent.per annum ... 33,500; 0 0 '- .'Augmentation. of ,thp. j ' " 1 " reservefandlo,ooo 0 0 j-.-Belanoo' carried -to >. ' , - " ‘ ! w, jProflt, ’and '.Lqss,”.. , I i; ' •■■ ■ n'ewiocqount, , 5 .8, -r ; - 8--va '-h-n* ! 8 - d> HarchSl By Amount from last oc- 1 .count 3,45116 10 Sept ,30 Balance of > ’■ •,.. proflta’after providing- -■ 1 I , ' Tor bad ahd donbtful ( debts,'and'including : ; ,i i 4 .. ... ~ ~, , recoveries .from'debts '* previously written ofl! ns bad 122,212 0 5 ... , £125,663 17- 3 ■Heaerve Fund, Sept 30,1877. " ■Dr, 1877, ~ ,-v . ,- ... £Ss. d. Sept SO To Balance ... 440,009 .0. 0 I-;';.'. I .',’'£«p,ooq,o 0. ,‘tir. 1877. ? . , / ~£' s. d! Starch.Sl•,By,Balance4Bo,ooo 0 ! 0 'Sept' SO „ Amount from profit L‘ J ■ JV'/tydloijs; vjt ... , .../ 10,000.0 0 ' . . £410.000/4) 0 ■' Audited. Oct 80,1877. - , T „ ...... James H. Neape, I J, S. Haebisoh. j Auditors.--