SHIPPING AND COMMERCIAL.

New Zealand Mail, Issue 791, 29 April 1887, Page 25

SHIPPING AND COMMERCIAL.

Bv Electric Telegraph.—Copyright, (special to united press association.) London, April 20. Two thousand four hundred bags of Queensland sugar been sold at 10s to 14s. - The frozen mutton by the Potosi realised 4ld per lb, and that by the Elderslie 4f d. The Potosi’s lamb brought 6d. 1 ' London, April 23. The wool sale closed tq-day very firm. One hundred and twenty thousand bales have been taken for export, and twentyfive thousand have been reserved. Merinos maintained February average. Coarse crossbred advanced 5 per. cent., and best qualities lambs’ wool; 5 to 10 per cent. ; faulty showed similar decline. Wheat inactive ; prices are weaker. Old Australian, on r spot, ' 37a; new shipment, 36a, on passage January parcel has been sold at 34s 3d, and a March-April shipment at 34s 6d, both in London.' "! (REUTER’S TELEGRAMS.) ;

: - Sydney, April 21. Sailed—Union Company’s s.s. Rotomahana. ■ - ' . ; London, April 21. ;; The weekly returns of the Bank; of England published to-day show the total reserve in notes and bullion to he L 15,700,000, or L 300.000 more than last week. The proportion of reserve to liabilities is 50 per cent, j Three per cent. Consols $ higher, 102§. New Zealand 5 per cent 10-40 loan 102 J. New Zealand 4 per cent, inscribed stock, 98|. Colonial breadstuff's and'tallow afe without quotable change.... ' j ’ At yesterday’s and to-day’s .wool sales 18,600 bales were offered. The market continues' firm. Up to the present date 14,000 bales have been withdrawn. /Sydney, April 22. Sailed—Wakatipu, for Wellington.

London, April 22. Consols remain at 102§. New Zealand securities are unchanged. Colonial breadstuffs. —Adelaide wheat, ex store, 36s 6d j New Zealand ditto, 33s to 37s 6d ; Adelaide flour, 255. The total quantity of wheat afloat for the United Kingdom is 1,740,000 quarters, and for the Continent, 4,980,000 quarters. ' - - s. ' Australian tallow. —Average quality, beef, 223 6d ; mutton, 23s 6d. ;

New Zealand frozen mutton, prime quality, is quoted at 4jd to 4^d. The wool sales close to : morrow. Up to date 220,000 bales have been disposed of and 25,000 have been held over for future sale/ Crossbreds rule about one penny .above ! the closing rates of the JanuaryFebruary sales. - ; ,'^jqas^i Arrived at Plymouth.—P. and O. steamship Carthage, from Melbourne, 11th March.- - 1 ‘ ■ - i ' i > v • London, April 23. .fi Three per cent Consols have fallen ; and are now quoted at 102§. New land 4 per cent inscribed stock is 10s" lower, L9B; New Zealand 5 per cent

10-40, 102 Colonial breadstuffs and tallow are unchanged at previous quotations. The homeward Australian mails per Orient steamer Orient, which left Melbourne on March 18th, were delivered m London to-day via Naples. t > London, April 23. Per Merchant Shipping and Underwriters’ Association. —Arrived Ships Margaret Galbraith, from Port Chalmers (January 12)1; Nelson, from Oamaru (January 31); Himalaya, from Wellington (January 7) ; Alastor, from Auckland (December 15); Marmion, from Napier (December 14); Opawa, from Timaru (January 30) ; Marlborough, from Oamaru (January 23) ; Wairoa, from Oamaru December 22) ; Lochnagar, from Gisborne (December 17). . __ Sydney, April 25. Arrived, this afternoon —Wairarapa, from Auckland. Rio pe Janeiro, April 25. The Shaw, Savill and Albion Company’s s.s. Doric left yesterday morning for Plymouth. Her cargo of frozen mutton was in stood condition. Melbourne, April 26. The manager of the National Mortgage and Agency Company of New Zealand reports as follows on the local market : Wheat, 3s lid to 4s ; prices barely maintained. Barley, 4s 9d to 5s 6d, steady, but not in active demand; oats, feed sorts, 2s 9d to 2s lOd,. better demand ; oats, milling sorts, 2a lOd to 2s lid, firm: New Zealand oats under bond, 2s to 2s 3d, quiet.

The New Zealand Loan and Mercantile Agency Company (Limited) have received the following telegram from their London office, dated 23rd instant. Wool.— The sales closed to-day at the level of last sales, with the following exceptions, ' viz. : —Fine crossbred has advanced $d per lb ; coarse crossbreds, market firmer; greasy merino lamba has advanced per lb ; faulty lambs has declined $d to Id per lb ; greasy crossbred lambs has advanced id per lb. The sales comprise 220,000 bales ; 25,000 bales have been held over for future disposal. 120,000 bales have been taken for the Continent, and 1438 bales for America. TallowGood mutton is worth 29a 9d, and beef 27s 9d per cwt. Messrs Murray, Roberts and Co. have received the following cable message from their London House (Messrs Sanderson, Murray and Co.) relative to the state of the wool-market: —“London, 23rd April. The sales have closed firm. Greasy merino is about equal to the closing „ rates of last London sales. Scoured merino 2| to 5 per cent, and crossbred 5 per cent above the closing rates of last sales.”