SHIPPING AND COMMERCIAL.

New Zealand Mail, 22 April 1887, Page 26

SHIPPING AND COMMERCIAL.

By Electric Telegraph.—Copyright, (reuter’s telegrams. ) London, April 13. Consols higher, New Zealand securities remain unchanged at previous quotations. At the colonial wool sales to-day 12,500 bales were offered. The market continues firm. The Shaw, Savill, and Albion Company’s s.s. Tainui arrived at Plymouth this afternoon, her cargo of frozen mutton being in good condition. Adelaide, April 14. The Messageria3 Maritimes s.s. Yarra arrived to-day from Mauritius. Under date of March 31st, Messrs Ireland, Fraser, and Co., of Mauritius, report that the weather is extremely favorable, and the prospects of the sugar crop have greatly improved. The month’s engagements for Christchurch are 251 tons, per Lavinia ; for Dunedin, 124 tons per the same vessel. Freights to New Zealand, 255. Exchange—Sixty days’ bank credits on New Zealand, 36 per cent premium. The total stopk of sugar on hand is 36,000 tons. The exports to New Zealand this season were 3047 tons. Sydney, April 14. Sailed—-Union Company’s s.s. Hauroto and Tarawera. Melbourne, April 14.' Arrived, this afternoon —Steamship Tekapo. Melbourne, April 15. Arrived— Mararoa, this day. London, April 14. Three per cent Consols remain at 102$. The market rate of discount is l£ per cent below the Bank of England rate, which to-day was reduced to 21? per cent. New Zealand 5 per cent 10-40 loan, lOlf; New Zealand 4 per cent inscribed stock, 97. ' The weekly returns of the Bank of England published to-day show the total reserve in notes and bullion to be L 15,400,000, or L 200,000 more than last week. The proportion of reserve to liabilities is 50 per cent. Colonial breadstuff's and tallow are without quotable change. Scotch pig iron is Is lower, viz., 445. Galvanised iron, Ll 5. The wool market continues firm. At to-day’s colonial wool auctions 11,800 bales were offered. Up to the present date 10,000 bales have been withdrawn. Teneriffe, April 14. The New Zealand Shipping Company’s

R.M.S. Ruapehu (from Auckland, March 10th) passed here this morning en route fer Plymouth. Sydney, April 15. Wheat is selling at from 3s 3d to 3s 8d per bushel ; oats, from 2s to 2s 4d ; maize, per 561bs, 3s 3d to 3s 9d. Adelaide, April 16. Wheat is steady at 3s 9d to 3s lid. The market for flour is dull. Country brands are selling at L 8 5s to L810s; town brands, L 9 10s to L 9 15s per ton. Sydney, April 17. Arrived—Union Company’s b.s. Rotornahana. London, April 16. Consols are £ higher, viz.:—lo2g. New Zealand 4 per cent, inscribed stock is 10s higher, L 97 10s. New Zealand 5 per cent 10 40 loan, LlOl 15s. Tho total quantity of wheat afloat for the United Kingdom is 1,730,000 quarters less than last week. The wheat afloat for Continental markets amounts t 04,700,000 quarters. Adelaide wheat, 36s 6d ; Adelaide flour, 255. New Zealand wheat, lowest qualities, 33s ; best qualities, 37s 6d. Australian beef tallow i 3 6d lower, 23s ; mutton tallow, Is lower, 24s 6d. At yesterday’s and to-day’s colonial wool auctions, 20,900 bales were offered. The market continues firm. Capetown, April 16. The Shaw, Savill and Albion Company’s s.s. lonic left this morning for New Zealand. London, April 18. Consols remain at 102§ New Zealand securities —5 per cent. 10 40’s have advanced to 102£, and 4 per cent, inscribed stock to 98£, a rise of £l. Colonial breadstuff's and tallow are without quotable change. The wool sales continue firm. The catalogue at to-day’s auction comprised 12,300 bales. Arrived, at Plymouth—Orient steamship Potosi, Sydney, April 19. Arrived, last night—Wakatipu, from Brisbane. San Francisco, April 18. Arrived, at noon on Saturday—Steamship Mariposa, from Auckland. Melbourne, April 19. The manager of the National Mortgage and Agency Company of New Zealand reports as follows on the local market : Wheat, 33 lid to 4s, slightly improved tendency ; barley, 4s 9d to 5a 61, prices barely maintained ; oats (feed sorts), 2s 9d to 2s lOd, much steadier ; oats (milling sorts), 2s 10d to 2s lid, steady ; New Zealand oats, under bond, 2s to 2s Id, quiet. (special to united press association.) London, April 14. The Tainui’s shipment of frozen meat has arrived in splendid condition. Dalgety and Co. offer a quarter of a million 4 per cent, debentures at £97 10s. The Antwerp wool sales commence about the 25th instant. The Bank of England has to-day reduced its rate of discount to 2£ per cent. London, April 15. The wheat market is steadier, and supplies have decreased. Australian cargoes on the spot are quoted at 37s- No arrival sales are noted. Parcels to London sre quoted at 34a ; to United Kingdom, 355. The weather is unfavorable for the crops. At the wool sales the demand was active, and prices remain unchanged. The number of bales catalogued is 185,000, of which 11,000 were withdrawn. The New Zealand Loan and Mercantile Agency Company (Limited) have received the following telegram from their London office, dated 15th instant :—“ Wool— The sales progress steadily. The ’market for scoured merino is slightly bettfer, but for crossbred merino, quality heavy in grease, it is slightly weaker. Up to date 149,000 bales have been sold. The sale programme has been curtailed by three daj’s. Tallow—The market has a drooping tendency. Medium and inferior mutton tallow is in demand, but fine is neglected. Good mntton is worth 23s 6d per cwt, and beef 225.