COMMERCIAL.

New Zealand Herald, Volume XXVI, Issue 9423, 22 July 1889, Page 4

COMMERCIAL.

New Zealand Herald Oflice, Saturday evening. Thk Customs duties to-day amounted to £•246 2s 6d. The following arc the Customs receipts for the week ending July -JO, 18S9 :— Duties £8,175 0 5 Deer duty 194 10 10 Light duos—Auckland .. S!) i 2 * „ OHeuiinga .. 0 15 1 ~ Thames .. ~ 0 1 J Whangarei : . 0 18 Forms and fees (S. and S. Act) ill!) 3 Merchant Shipping .. .. 0 8 0 Pore charges — O:iehunsa .. S 14 4 ~ Whaugarei .. t> '.) 5 Other receipts „ „ .. 2 6 6 £8,575 17 i ENGLISH. IFIIOM OUR OWN COnRFSHO.NDKXT.I London, June 15. Wool..—The date for the arrivals of the third .-eric.-i of wool sales was the 4th instant, and the .sales will commence next Tuesday. The total arrivals are 401,820 hales, made tip as follows:— .Now Zealand, 181,197; New South Wales, 85,032 ; Queensland, 10,931 ; Victoria. 6°.,082; South Australia, IT!) ; Western Australia, 1-2,407; Tasmania, 11,044; and Cape of (food Hope, 70,838. Of thi-< quantity, about 80,000 hales have been forwarded to the in uiufiiclurihg districts direct. Only some 2f.00 hales remain on hand from the last auctions, and the net total available for the forthcoming series is accordingly about 324, bales. The market has remained firm during the past month, with an upward tendency for merino and fine crossbred wools. In view, however, of the fact that the domestic clip h now being offered for sale, there lias been loss inquiry for the coarser grade.' of crossbred. Reports from the manufacturing districts, both in this country and on the Continent, continue to be of a satisfactory character, and point to a large and increasing consumption of the ran- material. The third series of Antwerp sales commenced on the liOth, and closed on the 25th of May, the bulk of the offerings consisting of River Plate wool. There was a large attendance of buyers, and, with a. brisk demand, prices ruled from 7J to 10 per cent higher than at the preceding auctions in that city. .Stocks of Hive- Piate woo] on the Continent are at present within unusually small compass. Not much business has been dour in the London market during the lask month, mainly because the quantity offered has been small and been firmly held. The fourth series of sales will commence on September 17. Up to date the arrivals, number pome 27,000 bales. CoilN.—During the past month the weather lias fill the whole been favourable for the wheat crops in Great Britain and Western Kurope, whilst in this United States of America the prospects of an exceptionally good harvest me even irore assured than was the case a month ago. The only quarter from which .seriously adverse reports have been received is .South Russia, where damage is said to have been caused by drought, but the news that partial rains have been experienced in thu districts affected, cheeked the slight advance in red wheat which holders tried to establish. In view of the Kent-rally favourable outlook values of wheat have declined about fid to Is per quarter during the month, and at the lower rates current niillere are by no means ready buyers. Domestic wheat is still freely offered in the county market", hut the official average has declined during the last four weeks from 29s Ild to 28s 9d per imperial quarter. The business in Australian wheat on the spot; has been comparatively small, and values must be written Cd to Is per quarter lower. To-day's quotations are ;-- South Australian wheat, 38s 6d to 39s ; Victorian, 37h to 37s Hd ; New Zealand, long-berried, fine, 38* to 138s lid ; medium, 80s Cd to 87s ; shortberried, fine, :}4s (id to 30s ; medium, 333 (id toliis; in all canes per 4'JGlbs. KaURI I'M.— At public auction, on May 23rd, 1701 cases of kauri gum were submitted to the hammer, of which 700 c ses were sold. A quiet tone prevailed at the opening, but, as the sales progressed, the biddings became more animated, especially for half to three-quarter-scraped gums, which advanced about as per cwt. Prices for other descriptions exhibited nd material alteration. KnoZKN Meat.—ln the frozen meat market the moderate arrivals from Australia, together with a growing tendency to increased firmness, has resulted in a marked improvement, value's being about Id per pound higher an compared with a month ago. The advance has beeii mainly brought about by the shortness of supplies— both of colonial and River Plate sheep— on the spot, while the fact that recent arrivals have been concentrated in fow hands, and, sis a rule, carefully handled, has lent ah additional strength to the market. The inquiry for lambs shows considerable expansion, but there is no improvement in the position of the market for New Zealand beef, the demand having continued dull throughout, especially for forequarters. The Turalcina, from Napier, with 8!)33 sheep, 1004 lambs, and 122 pieces of beef, has disposed of her cargo at 4d to 5d for the sheep and .">4d to Oid for the lambs. The lnvercargill s Napier cargo Of 11,124 sheep is realising 4kl to ."id. The Balmoral Castle's Napier cargo of 25,090 sheep, 2050 lambs, and 247 pieces of beef is selling at 0d to 0d for the sheep ami Gd to lijd for the lambs. The Aoraitgi's LyttelWn cargo of 1G.553 sheep, 4387 lambs, and 1990 pieces of beef is selling at fid to (id for the sheep and tk\ to 7d for the lambs. The Wellington's Lyttelton cargo of 513 sheep and 13,200 lamb's is selling at 6d to 7{d for the lambs. From the New Zealand Loan and Mercantile Agency Company's circular, of June lutß, we extract as follows :— Tallow.—The demand during nearly the wholeof the past month has continued to be of a satisfactory character, arid values have exhibited a further upward tendency. Of 5780 casks Australasian submitted 3852 casks found buyers. Ijfc^THKii:.—The past four weeks have witnessed a further decline in values, though the demand has been somewhat .stimulated by the lower range of

prices now ruling,. Latterly holders have been ; showing more disposition to meet the, market, and considerable clearances have been made, at prices,' however, which continue to rule in buyers favour. , BASILS.—At the earlier wiles there was a decided falling off in (lie demand except far tho better classes, which brought about late rates, but all other descriptions were difficult of sale. On (he 7th instant, however, there was an improved demand, and price.", while exhibiting no material change, rulod somewhat in Hollers' favour. SiiK.r.l'SKlNS. -There was a strong demand from a full attendance of buyers at the auctions. I.ourwtiols, both merino and crossbred, brought fully last sales' rates to )d per Hi advance, while shortwools sold readily, and generally nifiilo Jd per lb more mono)'. Values for other description!) exhibited no material alt oration. Motiikr-o'-Pkakl. At the auctions ft good demand prevailed, and the moderate offering was nearly all cleared at full to occasionally higher prices. New ZKAi-.VNti 11 P.Ml , .—Under pressure of exceptionally heavy supplies, tho value of New Zealand fibre, notwithstanding a rise in tin? quotations for Manila, has declined during the past month to tho extent of ii()s to 70s per ton, ami at the fall it has been somewhat ditlicult to move. Sales amount to about ism bales, the bulk consisting of good medium descriptions, which have realised about £34 per ton, falling eventually to .CM per ton, while well-cleaned fibre lias changed hands at £32 per ton. But a limited inquiry has existed for common, coarse, and strawy parcels, and transactions havo taken place at jc-ih per ton. In the present unsettled state of tho market, buyers show no disposition to operate for forward shipment. Tow continues slow of sale, and values are only nominal. Ciif.rsk.-~A marked decline has taken, place in values of American descriptions, and although the market does not close at its worst, quotations are fully as per ewt. lower as compared with those ruling at the date of our previous issue. The small shipment per h.s. Arawiilias been disposed of at from ■IS< to fiOs per cwt. In the absence of supplies of New Zealand butter, there is nothing to report. AMERICAN'. iN'kw Yin; K. Juno 22. American trade circulars to hand from New York, June 2'-'. remark :■— There have been no clmrgos in kerosene ; shipments during the month to Auckland have been ■210(1 cases. Jtosinsare slightly lower. Turpentine is slowly declining in price. Freights are better, and vessels suitable for the colonial trade are readily taken up, on or previous to arrival. San Francisco, .Tune "9. l'l.Ol'li.— 4 dollars to -I dollars 25 cents for family extra, I dollars Hi cents for bakers' extra. WHEAT. —Firmness in freight continues. New wheat. Julv, 1 dollar 27J cents to 1 dollar 23? cents ; old crop, S'o. 1, 1 dollar yi> cents; No. 2, 1 dollar •3". cents ; lower grades, 1 dollar 20 cents to 1 dollar •JiH cents ; extra choice, 1 dollar 33 cents to 1 dollar 37$ cents per cental. "Baulky. — Fair to good brewing, 70 cents to 75 cents per cental ; No. I feed, I dollar. Hops. -Crop of lS&s, 10 cents to 11 cents per lb. Fitr.H'.iiTS. — I,umber, from Pugofc Sound to Sydney, fid cents ; to Melbourne, till cents. Com',.--Sydney, i> dollars (i-2 cents to 7 dollars 5(1 cents on the spot, and 0 dollars 75 cents to 8 dollars to arrive. I-'lSH.—Canned salmon, 1 dollar GO cents to 1 dollar 70 cenUs for Oregon, free on board in river; I dollar -15 cents to 1 dollar 50 cunts for Sacramento Kiver. Quicksilver.— dollars 50 cents per flask. CALL AN l> 111 VXD LIST. c.u.us. £ s. d. Caledonian (i.M. Co. .. -. 0 U a — Aug. 10 DIVIDENDS. Union Insurance Co. .. .- — Now N.Z. Insurance Co 0 a C — Now