COMMERCIAL.

Lyttelton Times, Volume XCIII, Issue 10670, 3 June 1895, Page 5

COMMERCIAL.

[Special to Press Association.] LONDON, Mat 81. Out of 210 sheep on the Woolloomooloo, fifty eight died on the voyage. The food was too dry, and three parts of it was refused by the animals/ which suffered from stoppage of the intestines. The weekly returns of the Bank of England, published tc-day, show the total reserve to be £28,460,000, and the proportion of reserve to liabilities 63’50 per cent. Conaois, 106 J. Three-months’ bills are discounted at three-quarters per cent; market steady.’ New Zealand long-berried wheat, ex warehouse, firm, 28s South Australian ditto, 28s 6d; Victorian steady, 28a 6d. New Zealand frozen mutton, first quality, 3£d per lb; second ditto, 2£d. Lamb averages 4ijd. The New Zealand hemp market is unchanged. The latest quotation is £l3 per ton.

Sugar—German beet, weaker, 10b; Java, quiet, 12s. No. 1 best Scotch pig-iron, f.o.b, in the Clyde, 43a 1-J-d. Danish butter shows a decline of sa, and is quoted at 84a 6d. Australian butter is steady, and the market is virtually bare of Victorian factory.

Owing to heavy stocks, the cheese market is very fiat. Victorian averages 38a, and New Zealand 40a. ■

The poultry market is demoralised, warm weather checking the demand. Silver 2s 6d and 11-16ths. Bradford wool prices are barely maintained. June 1. Laval a have purchased, through Mr Yagg, the world's rights, except for Australia, of Weddon’s' lightning butter extractor. Mr Vagg approves of the proposal to submit colonial butter and cheese at auction. Experts state that New South Wales cheese is equal to the best English. It is expected that the American wheat crop will not exceed 425,000,000 bushels. Red American wheat is quoted at 82 cents. Best New Zealand rabbitskins are in short supply, but prices are unchanged. Shipments of New Zealand eels and whitebait were worthless. The whitebait was considered to be too large and the eels

ADELAIDE, June 1.

The South Australian Register, dealing with the advance in wheat, says that numerous factors, apart from the capricious influence of crop reports, are combining to bring about a better tonaj and are generally suggestive of a rise something more than a passing fluctuation of a sensitive market.

The New Zealand Loan and Mercantile Agency Company, Limited, has received the following cable advice;— LONDON, Mat 31.

Frozen Meat. —Canterbury mutton is worth 3Jd par lb, and Wellington, is worth 2Jd (last quotations were 3d and 2%d respectively). Prime New Zealand lambs are worth per carcase 5d per lb (last quotation was 4|-d per lb). _ , Eabbit Skins.—The demand is languid. All do script ions have declined -id to, Id since last report. Tallow.—There is R fair demand. Tallow has advanced 6d per cwt since last report (last quotations were—Fine mutton 24s 6d, and good beef 21a 6d per cwt). Pelts,—lncreased demand has caused prices to advance 5s from lowest point. The market has a hardening tendency, SHIPPING. The New Zealand Shipping Company, Limited, reports that the E.M.S. Euabine arrived at Plymouth on May 30, all well, having made the passage under forty-one days from Lyttelton, including detention at ports of call.

coarse. QUOTATIONS OF COLONIAL STOCKS. Variation as compared — -r Price. with last week. & B. d. 4 per cent New South Wales 118 0 0 Ss higher Si per cent v ew South. W ales 105 5 OjSs higher 4 per cent Victorian 106 5 0i5s higher 31- per cent Victorian 101 10 010s higher 4 per cent South Australian 109 0 0 unchanged 3-i per cent South Australian 104 0 0 unchanged 4 per cent Queensland 111 0 0 20s higher 3i per cent 'Queensland 102 10 0 10s higher 4 per cent New Zealand 111 0 0 10s higher Si; per cent New Zealand ... 104 10 0 10s higher 3i per cent Tasmanian 104 10 0 10s higher 4 per cent West Australian 118 0 ■0 unchanged