COMMERCIAL.

New Zealand Herald, Volume XXIX, Issue 8885, 23 May 1892, Page 4

COMMERCIAL.

New Zealand Herald Office, Saturday evening. Messrs. Sammann and Gristede, of Breman, reports to their Now Zealand representative, Mr. Louis Rother, Wellington, as below :— Sugar market: Continental market steady. Large parcels are still changing hands. United States market: Owing to the practical monopolisation of the whole refinery business by the sugar trust, prices for the refined article have been forced up considerably. Kerosene market: Oil has further declined in price. The market is weak.

THE PRODUCE MARKETS. [from our own correspondent.] London, April 16. Wool. —When the second series of wool auctions were suspended for the Easter recess, the market, viewed all round, occupied a firm position. It will be remembered that the opening of the sales marked a decline of about live per cent, for merino growth, but, after a few days, French and German buyers began to extend their operations, and the upward movement, supported by the more favourable position of the Continental " ternie" markets, has since continued to develop, and medium Australian merino in the grease now marks an appreciation of fully 15 per cent., as compared with closing February rates. Scoured merino commands attention on the pare of home and Continental buyers, and for fine clothing sorts, eager competition is elicited at extreme rates. With the progress of the sales increasing attention was paid to coarse and medium crossbreds. Fine crossbred and superior merino wool, suited to American wants, sell relatively cheaper than lower descriptions, but crossbred lambs being in small supply, are in brisk demand, at full rates. The same remark applies to choice merino lambs free from fault, but in medium and faulty sorts little improvement is noticeable.

Prospects of the autumn-sown crops, both here and on the Continent, have been materially improved by the fine weather which has prevailed during the greater part of the past month, while the early spring sowing has been satisfactorily accomplished. The "spot" market has throughout the month been extremely dull; and quotations at the close mark a depreciation of from 3s to 4s per quarter on the month. Extreme depression has on the whota characterised the c.i.f. market. For New Zealand cargoes, of which there have been several offering, there has practically been no inquiry, and while quotations in all positions are consequently quite nominal, values may be said to be fully 3.3 per 4801b lower than at date of our last issue. Only one sale on c.i.f. terms has been reported m Australian wheat, namely, a parcel of 1000 quarters disposed of " on passage" at 3Gs per 4801b.

Oats. —Arrivals from New Zealand have continued to be on a liberal scale, but although the inquiry has not, on the whole, been brisk, values for prime qualities have been fairly well maintained. Other descriptions, however, have tended in buyers' favour. At the close the market shows some improvement, and holders generally are asking rather more money. Barley.For New Zealand descriptions thero has been little or no demand—a circumstance in great measure attributable to the large deliveries of English descriptions, which have been offered at relatively very low prices. Flour.Business very quiet, with prices ruling downwards. Tailow.—There have been no consignments of the best brands of New Zealand mutton on offer, and the demand for fine Australian mutton has been weak, prices showing a declino of from 3d to Ikl per cwt for the four weeks. The best brands of beef of good body have been much in request, and for this description prices have advanced from 3d to 6d per cwt. Sales of fine edible beef have been effected at 20s 6d per cwt. The medium and lower grades of all Sorts have throughout been slow of sale, present quotations exhibiting a decline of from 3d to 9d per cwt as compared with those ruling a month ago. Rabbit Skins.—Latest quotations : Good to prime New Zealand, averaging ISlbs to 2,}lbs per dozen, Is 4id to Is 62d per lb; fair ordinary to good New Zealand skins, 1 Albs to 2Jlbs per dozen, lsO./d to is 3i'd per lb." Kauri Gum.— the sale on the 7th inst., only 219 packages were- sold out of 1081 offered. The biddings showed signs of a downward tendency. Fine pale, selected, £8 15s to £15 per cwt; clean, hard, good to fine, chiefly amber, £5 15s to £9 15s; hard, three-parts scraped, fair to fine, £4 15s to £5 78 6d.

New Zealand Hemp.—Stooka in first hands very reduced. Prices exhibit a decline during the month of from 15s to 20s per ton. Froze* Meats.—The demand for frozen mutton has been by no means active throughout the month, and arrivals having been on « heavier scale than for some time past, Quotations have undergone a reduction of fully Jd per lb. During the month frozen lambs have likewise met a rather restricted inquiry, and it has been necessary to accept at least id per lb less money for these in order to effect sales. Little demand for frozen beef. To-day's London quotations are aa follow, per stone of 81b :—Prime Scotch mutton (wethers), 4s 8d to 5a ; prime English

LONDON. Prets Association.— Teletjt&ph.-^Copi/i-lgfit. London, May 19. The Bank of England returns, published to-day, show the total reserve to be £16,048,000: being an Increase of £632,000 as compared with the previous j week. The proportion of reserve to liabilities is 34'24. Consols are 97J. New Zoaland 4 per cent, inscribed stock is 105J; 3$ per cent, inscribed stock, 96J. New Zealand long-berried wheat quiet at 38s. South Australian wheat is weaker— 9d. Victorian Wheat is flat at 38s 3d, Sugar.—German beet, 12a IOJd. Java quiet at 15s 3d. No. 1 Scotch pigiroii, f.o.b. ill the Clyde, 40s 9d. Canterbury mutton is quoted at 4sd per lb; Canterbury lamb, OJd; New Zealand beef, hindquarters, 3£d. Otago Harbour Board stock has advanced £2.

ANTWERP WOOL SALES. London, May 21. The Antwerp wool Sales closed to-day. The market animated, and the rise in good qualities was fully maintained. Inferior sorts were rather neglectcd. Out of 9500 bales offered 5000 were sold. Nearly all consignments ftom Australia were withdrawn.

Buyers— of New Zealand, old, £4 15s; Colonial Bank. 40s; New Zealand Insurance, (i(js; South British Insurance, 2S«; Auckland (Jus, £10 7s 0(1; Northern Boot, 4s Od; Cambria, 0d; May Queen, IsfJd ; Victoria, 4d; Silvertoa, 2sßd ; Owera, Is lid. Sellers—Bank of New Zealand, old, £5; Colonial, 41s; South British Insurance, 29s ; New Alburiiia, Is ; Cambria, is Id ; Hazel bank, Is 3d ; May Queen, 2s; New Moaiiataiari, 3* 2d; Saxon, 7d; Trenton,7d ; Victoria, Od; Silverton, SslOd; Waihi, 20s; Woodstock, 2s; Try Fluke, 3s. J. Friar Clarke R. G. Mack* It. Frater T. A. Menzias 4 J. M. Lennox U. F. Brimblecombe D. B. McDonald James Frater Aitken Carrick A. Brodle R. Hpratt 8. Thome George Francis Hull O. A. Buttle James Reid Samuel Vjckers, Chairman. 12 noon, Saturday, May 21, 1892.

AUCKLAND STOCK AND MINING ASSOCIATION. ~~~ I No. of x| I Paid T„.j. I Company. '.Shares ■» | up per y*',.. I Date. I Issued =2 I Share. g!Ue *' [ BiNKS— | i £ I £ s. (I. I £ s. tl. I JUNKS— ! I £ £ s. tl.' £ s. t1. N.Z., old .. 100,000 Hi; 6 5 0 4 17 o'Apt. 97 „ new ..! 50,000 ijj 7 10 0, 0 10 UjMar.23 National .. 100,000 "j 1 2 10 01 — — Colonial ..;200,0{Xi 0 2 0 0 2 0 C May 5 INSURANCE — j it Now Zealand UK),000 10 2 0 0 3 4 C.May 0 National .. 200,000' 10 0 10 0 0 15 10 Feb. 13 South British I 01,028 10 1 0 0 1 7 C May 12 Standard .. 100,001)! 10 0 15 0 OH 6 Dec. 2 Union.. .. 100,000 20 1 0 0 1 7 0 A pi. 22 N.Z. Accident I 20,000 1 0 0 0 0 7 8.May 11 I.OAN— | ! N.Z. I,. & M. .. 100,000 25 2 9 0 2 9 OjMay 20 Nat'nlM.&A. liiO.OOO 10 1 0 0 0 10 8 Dec. 32 N.Z. & II.P. .. 200,000 10 1 0 0 0 3 O.Mar. 1 AS— ! Auckland, old 15,500 5 5 0 0 10 10 OMay 20 „ new .. 13,74:! 6 2 10 0 6 6 (J,May 17 Thames .. 10,000 2} 1 18 0 1 8 OA pi. 20 Uishorne .. 11,000 1 1 0 0 1 0 0 Deo. 2 Timber — Kauri Timber 150,000 2 2 0 0 — — „ new 450,000 2 12 0 — — Shipping— Union S.S. .. 40,000 10 ,10 0 0 — — ' N.Z. Shipping 69,689 8 i 0 0 0 3 10 0 Dec. 2 Devonport S. F. 10,000 11 0 0 1 10 0 Dec. 2 C'oroniandel S 3,037 ill 0 0 0 14 0:DoC. 3 Northern S.S. 12,495 14/0 0 14 6 0 4 0 Deo. 3 ,, lie* 104,280 14.0 0 7 0 •*— — COAL— Day of Islands 3 000 l 1 0 0 — — Taupiri .. 24,000 1 0 10 0 0 17 0 Dec. 3 Taupiri Res'rve 3,000 j 0 10 0 — — „ new i(i,21fi j: 030 ■— Westpurt Coal 09 239 4) 3 0 0 — — Miscellanf.'us N.Z. Drue .. 6?,P74 2 I40/-A5O/. 0 10 6 ! Apl. 22 Auckl'nd Fibre 18,945 1 1 0 0 0 0 BjDec. 2 Northern Jioot 12,622 1 0 13 C 0 6 0 Mar. 10 Union Oil .. 30,8601 1 0 14 0 0 15 3 Mar.22 tiot.nFiEi.ns— Th nine*. New Albumin 50,000 10 1 0 0 0 8 May 10 Caledonian .. 50,000 J 0 3 9 0 1 3; Aug. 29 Calliope .. 50,000; J 0 0 2| 0 0 4-Jan. 10 Cambria .. 44,700! 1 0 C 9; 0 1 o! May Ml Consols .. 50,OOU| 1 0 1 2! 0 0 C,Mar. '> Dives .. 40,700; 4/- 0 1 0:0 0 10 Oct. 20 Itazellmnk .. 42,000! J O 2 0 j 0 1 0 May 21) I.one Hand .. 80,000! j! 0 1 0 0 1 1 Dec. 0 Magnolia .. 50,000! I 0 2 11 — — New .Manukau 30,000 1 0 1 9 , 0 0 9,Xov.27 Mav Queen .. 50,000 l'0 II SI) I 9MflV21 N. Moanataiari 50,000 J! 0 6 0 0 3 4'May 11 Norfolk .. 50,000 * 0 6 0 0 1 3 Dec. 23 Occidental ,. 100,000 J — - — Orlando .. 40,000 I 0 0 Cl — — Prido ICataka 50,000 I 0 2 0 0 0 9 Teh. 16 Saxon .. 60,000 JO 2 10 0 1 o Apl. 22 Sylvia ..100,000 1 0 10 0 0 7 6 Oct. 'J Trenton .. 30,000 1 0 0 0 0 0 6 May 10 Victoria ..120,000 J 0 1 5 0 0 6 May 19 \V;,iotahl .. 6,000 3 2 10 0 — — Upper Thame*. Crown .. C5.000 1 0 18 D 0 3 6 Sept 11 Silverton .. 40,000 $00602 8 May 20 Waihi, old .. 100,000 1 1 0 0 1 0 0 May 14 „ new .. 000 — 0 15 01 — I - Woodstock .. 55,000 j 0 4 0 0 1 9, May 20 Puhipuhi. | ' Prosy'tors No. 1 63,360 JO 0 10 0 1 3 Feb. 17 Kuaotunu. Carbine .. 50,400 } 0 0 3 — — Great Mercury 60,000! 0/- 0 3 0! — - Kuaotunu .. 50,000 1 0 0 3 0 0 6 Dec. 2 Mariposa .. 50,000 Jl 0 0 6 0 0 3,Dec 16 Otama .. 40,000 * 0 0 3 — — Owera .. 50,000 1 }! 0 4 6 0 1 11 May 21 Tied Mercury.. 30,000 1 0 2 0 0 1 4'Feb. 10 Try Fluke .. 50,000 i 0 0 C 0 2 0 May 20 Cwomnndtl. ! Royal Oak .. 9,000 1 | 0 1 3j — —