COMMERCIAL.

Lyttelton Times, Volume C, Issue 11751, 1 December 1898, Page 5

COMMERCIAL.

United Press A ssociation—By Electric Telegraph—Copyright. THE WOOL SALES. LONDON, Nov. 29,

The new scries of wool sales opened with hesitating competition. Cross-breds were 6 per cent and merinoes at par to 5 per cent lower than the closing sales of the , last series.

The wheat and flour afloat for the United Kingdom is 1,720,000 quarters, and for the Continent 1,200,000 quarters. Bank of New Zealand 4 per cent guaranteed. stock 102. Near Zealand Loan and Mercantile Agency Company’s 4 per cent prior lien debentures 96j.. LONDON, Nov. 50. Dncroz, Baline and Jacoinb’s joint catalogue comprised 12,483 bales of fair selection. There was a good attendance, with the exception of American buyers. Compared with October closing rates, merino combings, best clothing and fine cross-breds were unchanged. Short and faulty scoured were from par to 5 per cent, and coarse cross-breds showed fully 5 per cent decline. '. • -SYDNEY, Nov. 50. Advices received from London state that the American Shipping Companies interested in Australian steam shipping and the English owners controlling the New York-Ans-tralian freights, have combined. The exact terms of the new agreement have not yet transpired, but the end of the freight war will probably bo the raising of tonnage rates from 10s, the present quotation, to 255. The local values of all American merchandise arc very firm, and advancing. Wheat—Chick 2s 8d to 2s 9d, milling nominal, old 3s 4d, new 3s Id to Os 2d. Flour, £3 to £8 155.. Oats—Now Zealand feeding 2s 4d to 2s sd, milling 2s 6d, local 2s to 2s Id. Barley—Cape 2s 3d. Maize, ss. Peae—Prussian Bine 4s 6d to 4 s 9d. Bran, 7£d. Pollard, B£d. Potatoes, new £7 10s to £9. Onions, £5 to £6. Butter— Dairy 6d to 63d, factory to Bd. Cheese —Large 5d to sjd, loaf 5-kl to 6d. Bacon 5Jd to 7d. It is estimated that the wheat yield will be 12,150,000 bushels, an average of 10.3 bushels, leaving an exportable surplus of two and a quarter million bushels. The acreage under cultivation shows an increase of 26 per cent over that of last year. MELBOURNE, Nov. 30. Wheat, sales, old 3s, new 2s lOcl. Oats— Algerian Is 8d to Is llld, stout 2s 4jd. Earley —Cape Is 8d to Is lOd. Maize, 3s Id. Bran, 7|d to od. Pollard, BJ,d. Potatoes, £9 10s to £lO. Onions, £4 to £5. ADELAIDE, Nov. 30. Wheat —Old 3s to 3s 3d, new 2s 9d to 2s lOd. Flour, £9. Oats —New Zealand 3s 8d to 3s 9d, local Is 8d to Is 9d. Barley— Malting 5s 6d. Bran and pollard, 9d. The. New Zealand Loan and Mercantile Agency Company, Limited, have received the following cablegram from their London office, under date Nov. 29: The wool sales opened this day at the level of last sales 1 , except for coarse crossbred, for which the market is easier. The attendance of both Home and foreign buyers is good. Competition. by both Home and foreign buyers is fairly active. The total quantity available, including wool held over from last series, is 183,000 bales, 25,000 bales of which have been forwarded to the manufacturing districts direct.

SHIPPING. LONDON, Nov. 29. Sailed —Aotea, for. Lyttelton.