COMMERCIAL.

Marlborough Daily Times, Volume VIII, Issue 2054, 8 January 1887, Page 2

COMMERCIAL.

THE LONDON MARKET. (Reuter’s Tel -grams.) London, Jan. 3. Consols have advanced >o 100 j-. The market vale of discount is 3i per cent., being 1 * below the Bank rate. New Zealand securities remain at last quotations, namely—s per cent 10-40 loan 101 A ; per cent loau, 99$ ; inscribed stock, 95J-. Adelaide wheat, ex store, is se'ling at 38s Gd, a reduction of Gs per quarter. New Zea'and wheat, cx store, rein >ins at 33s to 37s 6d. according to quality ; Adelaide flour, ox store, 17a 6(1. Australian tallow is unchanged, namely —Beef, average quality. 24s Gd ; mutton, 295. The s ock of tallow in London today is 10,300 casks. THE MELBOURNE MARKET. Melbourne, Jan. 5. The Manager of the National Mortgage and Agency Company reports of the local grain market as follows : —Shipping wheat steady but not in active demand,, 3s lOd to 3s lid; malting barley quic-t, 3s 6d to 4s 3d ; New Zealand oats (feeding), less depressed but not much doing, 2s 9d to 3s ; milling, fair demand, 3p to 3s Id. New' Zealand oats, under bend, alow of sale at 2s Id to 2s 3d. THE WOOL SALES. Another Rise in Price. Reuter’s Telegrams. Melbourne, January 5. Messrs H. Goldsborough and Co held ilieir usual weekly sale this afternoon to a orowded attendance of buyers. Competition was spirited th'ougbout, and prices for all good wools were decidedly bet!or than before Christmas. Greasy .

merino su'd up ti IOJd, crossbred to 7i'i, i <c >ureil to 16;1. 2112 b.les were sold. I The demaud was chi fly for the Conti- i neut. i The New Zealand Ijo an and Mercantile Agency Company hive received the following telegram fiom ' h ir London office, dated 3rd inst : —Froz -a m -at —The m -r----ket is firm,and has a hardening tendency. New Zealand mutton, weighing 601 b to 651 b per ca-case, 4J 1 per lb. Mess r s 8.-thune «n i Hunter hive received the following te egram from Mesrs D-Lety and (».:—“ London" Wool—The leniency is decidedly upwards ; pri -es sh >w a rise of ItoJ lon most qu dities.” (UNITED PRESS ASSOCIATION.) Dunedin Jan 7. Private telegra ns coufirm the rise in merino wo Is, a.eraging one penny. THE NATIONAL BANK. Dunedin, Jan 6. A ciblegi’im received from Linden sta es tb it the Nation-. 1 Bmk lias declared the usuil interim dividend at the rate of 5 per cent per annum for the half year. THE WELLINGTON MARKET. Messrs Liery a id Campbell report produce prices for th • we :k enling Jan 5, as foil iws :—Wueat, sts 31; oafs, 2-i 01 ; maize, 3s 8d ; birley, scareo at 2i 9d ; pull ir.l, L 5 ; b.an, LI 10 ; sharps, L 5 5s ; chaff, L 3 10s ; onions. L 9 ; potatoes, L 5 10s for D rwents, LG for kidnev’3; bacon, 6£d ; hams, 7*l; cheese, (51; bu t r, prime silt. 7d; fresh pickled in pat-, Si : dii;ks. 4< ; fowl-, 3s 61; geese, 7s per pair ; a coop of fine tuikeys f,.tc h e las high as 13s 6 i per ptir ; pears, 4s to 10.3 ; apples, Ss 6d ; pluin a , 8s 6J. CANTERBURY GR \IN AND PRODUCE REPORT. Consequent on the New Year’s holidays tlure has been a lull in business. In wheat (here has been little doing out ide the actual ioeal requirements. Notwithstanding improved alvices from London the tone of the market is easier, hut as stocks are now in narrow comp .ss uo interesting development can be 1 )oked for until the new crop is offering. Oats show a firmer tendency, particular yin suoerior grades ; doubtless owing to a better enquiry for Sydney, and the depletion caused by home shipment. Inferior continues to hang fire without immediate pro-pect of improvement. During the list day or two mil ing hurley lias commanded some li tie attention for export, and several lines weretiketi up at an advance on last week’s vAii s. The most interesting topic at the presmt moment is the opening price for rye gras*, s mples of the new season’s now being uuier offer. The rate we append is based on actual sales, hut as there is a wide disparity between the views of sellers and buyers, and the market is not fairly openo-L our quotation is searoc’y a reliable one. ’Trade in 1-u t-r and cheese is about as sick as it can he, but li nns and bacon are a eidy. The weither is very dry, and it is now question ib e win her rain would be benofiei.il t > any great extent, The fol owing aro the quotations of the day : —Wheat—pearl 4s 6 1. '(’usean 4s 5 1, llu iter’s 4* 3 1 to 4s 41, inferi ir milling 4s Id to 4s 2d, f iw, wheal 3s 9 1 ; Oats milling 2s Id, stout short feed Is 10 1 to 2 J , inferior grides l- 7d 'o Is 91 ; Bar-ley-malting 3s, feed 2s 31 to 2s 51 ; rye grass 2< (5 I to 2s 9d ; bran L 4 to L 4 10s : pollard L 4 loLl 10s ; s’raw —wheat chuff L2 15s, oat chaff L 3 10s ; hay L 5 ; flour LlO 10s to LI I ; oatmeal Lll 10s to Ll2; pearl hurley Ll 5 ; pota’oes nominal ; himer 41 to 5d ; ciuoie—old 511, new 4d to 51 ; hams and bacon—in cloth 641 to 7d, The above quotations are f.o.b at LyttePon.