COMMERCIAL NEWS

New Zealand Mail, Issue 858, 10 August 1888, Page 12

COMMERCIAL NEWS

The Cuatoms duties collected at the port of Wellington for the wee's ending Saturday amounted to £4163 63 3d. Baer duty, £O6 15a 2d. George Thomas and Co. report produce prices as follows : —The advances in values of oats, oatmeal, and potatoes, noted in our last, are more than fully maintained, and considerable increases are the outcome of the week’s business. The Sydney demand is aiow absorbing the great bulk of supplies, and freightage is now secured well in advance of vessels’ departure. Wo quote prime milling oats, 2s 2d to 2s 4d ; average feed ditto, 2s Id to 2s 3d ; Tartarian and short seed, 2s 5d to 2s 6d; black and dun samples, 2s 4d to 2s 5d : oatmeal rules from £9 15s to £lO per ton ; potatoes are now difficult to obtain, and prices range from £3 10s to £3 15s per ton ; Southern advances predict a further advance of 103 to Iss per ton, but this we are inclined to doubt, and are under the impression that the local market will not see them quoted over £4; a brisk inquiry exists for seed descriptions at £4 10s to £5 10s per ton. The following lines remain a 3 last quoted : Flour (sacks, 1 , £S to £9 ; bran, £3 10s ; pollard, £4; fowls’wheat, 2s 6d to 2s 9d ; sheaf chaff, £3 15s; straw ditto. £2 15s ; maize, 3s Sd to 3s 9d ; feed barley; 2s 9d ; pearl barley, 2ls ; split peas, £l6 10s ; field peas, 3s 3d ; beans, 3s 2d; onions, best, £5 ; common do, £4. Bye grass seed, 3s 6d ; Italian Bye, 3s 3d per bushel ; cocksfoot, 3-£d per lb ; bacon and hams, 7yd ; cheese, 4d to 4Jd ; fresh butter, Is 2d ; eggs, lOd, market overstocked ; prime potted butter, lOd to Is ; pastry samples,,3cl to 4d. Oranges (Sydney) are widely different in quality, and rule from 4s to 7s ; lemons, Ss; mandarins, 10s to 12s ; apples, Hobart, best samples, 10s; common do, 6s 6d to 8s 6d. There is a somewhat batter demand for poultry, and fowls rule at 2s 9d and 3s : ducks, 4s 6d ; geese, 5s 6d ; and turke3 f s 7s 6d per pair. Messrs Arthur Warburton and Cc. report for the week : —Banks : Hew Zealand, sellers £lO 15s ; Colonial, buyers 43s 6d, sellers 44s ; National, 365. Insurance- —New South British, buyers 4 55, sellers 50s ; National, ISs 6d; Union, buyers 24s Gd, sellers 25?, sales, 25s ; Standard, 14s 6d ; Colonial, buyers 4s 6d ; Accident, 7s. id’ 3 ’ cellaneous -7- Loan and Mercantile, /7s ; Land Mortgage, sales (parcels), 19s 6d ; National Mortgage, 10s ; Moagiel Woollen, 71s to 725; Kaiapoi, sales 503 ; New Zealand Drug, 19s 6d ; Wellington Gas (£5 paid), sellers £9 15s *(£l paid), sellers 40s ; Wellington Trust and Loan, £6 7s 6d ; Equitable Building, £7 ; Wellington Building, sellers £6 5s ; Gear Meat, buyers 67s 6d ; Gear Warrants, sales (large parcel), £94j; Northern Land and Loan (in liquidation), sellers 375. Messrs Arthur Warburton and Co. report the following returns of amalgam from the Beefton mines for the week: —Globe, 160 oz from 170 tons ; Keep-it-Park, 2940 z from 168 tons ; Progress, 6Soz from SO tons. Fiery Cross, 1720 z from 90 tons. Messrs Edwards and Mcßeath report : The labour market is quiet, and servants of all classes are fairly plentiful. The trade of the past month has been of a quiet order. Buyers stocked heavily before the declaration of the Budget, and stocks have yet hardly had time to run down. Prices all round have been nominal. Kerosene has been scarce and keeps up a good price. In Wellington, owing to the large amount of building going on, builders’ ironmongery and household fittings have been in good demand. Galvanised iron has been quoted at £l9 to £l9 10s. Publicans’ goods are without marketable change. Spirits are in the usual demand. There has been more inquiry for bottled ales and stout, but wines move off slowly. Grocers’ dried fruits are not heavily stocked and are firmly held. There is a decided improvement in land and property in the Wellington district, and fair prices are obtained. There is a disposition on the part of outside speculators to invest in Wellington property, and several large sums are expected in the district shortly for secure investment. Trade prospects for the coming spring look much healthier than they did a couple of months ago, and it is generally believed that we have seen the worst of the depression, which has hung over the Colony so long, and that a new and brighter era is setting slowly but surely in. The settlement of the contract with the Midland Railway will mean the employment of a largo number of men in its construction. This will give a stimulus to trade in many branches. The opening up of new alluvial goldfields in the Marlborough and Otago provinces will absorb a large number of our population. It is fully expected that before a month is past fully 1000 men will be settled on these new goldfields, and as the prospects are fairly good, they will cause a lot of money to be put into circulation.

Mr D. T. Stuart reports for week to a a t e; —Banks—Ne# Zealand, sales £lO Ss to £lO 10s, buyers £lO 123 6d; Colonial, buyers 43s 6d. Insurance—Colonial, 4s 9d to 5s 3d; National, 18s 6d tq 18a 9d ; New Zealand, buyers 77a 6d ; South British, 46s to 47s 6i ; Union, buyers 24s 6d. Sundries— National Mortgage, buyers 9s lOd ex div; Loan and Mercantile, buyers 78s ; New Zealand Drug, 19s 3d to 19s 9d ; New Zealand Land Mortgage, 19s 6d to 19s 9d; Equitable Building, buyers £7 ; Wellington Trust and Loan, buyers £6 7s 6d ; Wellington Building and Investment, sales £6, sellers £6 5s ; Wellington Gas. £l9, £9 10s and 40a • Gear Meat, buyers 67s 6d ; Kaitangata Railway and Coal, £lB 15s to £l9 ; Wostport Coal, 533 6d to 555. Gold shares—Big River, bsliers 12s ; Fiery Cross, buyers 11s ; Globes, 27s 6d to 28s 6d ; Just-in-Time, buyers Is 10d; Keep-it-Dark, sellers ex, 31s 6d; United Alpine, 15s to 16s. Freeman R. Jackson and Co.’s Johnsonville stock report The yards were quite full of fat stock of all descriptions. The bidding was brisk throughout. One line of prime cattle were yarded, the rest medium and inferior ; cows were of light weight and indifferent quality. We draw the attention of our clients to the advisablenesa of sending prime quality only, as half-fatted cattle are unsatisfactory to both buyers and sellers. Sheep fully maintained la3t sales’ values, and the same may be said of pigs. Ox beef made 15s to 15s 6d the lOOlba; cow beef, 12s to

12s 6d; mutton, per lb. #Cattlo. Best bullocks, £6 17a 6d to £7 10s, averaging £7 4s 9d ; the others averaged £6 Is sd, £5 10s 9d, £5 3s ; cows, £3 to £4 each. Sheep Wethers, 14s Sd to 15s ; lighter weights, 12s 6d to 13s ; ewes, 12s to 12s 9d ; inferior sheep. 10s to Us Gd. Pigs. -Baconers £2 7s to £2 10s ; others, 30s to 39s ; porkers, 17s to 28s ; stores, 12s 69. to 15s ; small pigs, 6s.

PALMERSTON NORTH STOCK SALE. At Messrs Stevens and Gorton s sale yesterday week there was a fair amount or stock and a guod attendance of buyers. Prices were as follow (cattle a slight improvement) Eat bullocks, £6; IS months and 2-year old steers. 39s ; IS months steers, 33a ; forward cows, £2 16s to £O-s ; old heifers, 32s 6d ; weanors (mixed), 14s to Isa : weaners (heifers), 11a; milch cows, £5 ; fat wethers, 12s ; owes in lamb, 7s Oct ; horses, as far as £ll. WELLINGTON MARKETS.

Wholesale Prices FARM AND DAIRY PRODUCE £ s. d. £ 8. d Milk, quart - 0 0 4 to 0 0 0 Butter, fresh lb - 0 1 0 to 0 1 3 Salt butter - 0 0 6 to 0 0 7 Cheese, Col. 0 0 3 to 0 0 4 Eggs, dozen 0 0 10 to 0 1 0 Lard, lb. - 0 0 4 to 0 0 5 Bacon, lb. ■ 0 0 6 to 0 0 7 Ham, lb. - C 0 7 to 0 0 S Fowls, pair ■< 0 2 3 to 0 2 6 Ducks, pair 0 3 6 to 0 4 0 Jrsese, each 0 2 6 to 0 3 0 Turkeys, each 0 3 6 to 0 5 6 Hay and Corn Market. Jo s. d. £ s. d Maize, Poverty Bay - 0 0 0 to 0 0 0 Data, feed - 0 1 10 to 0 2 1 Wheat do - 0 2 0 to 0 2 9 Carrots - 2 0 0 to 0 0 C Hay, ton 3 0 0 to 0 0 0 Oaten, ton 3 0 0 to 0 0 0 Straw, ton 2 10 0 to ; 3 0 0 Chaff,— - 3 50 to 4 0 0 Oaten hay - 4 0 0 to 0 0 0 Wheat straw 3 0 0 to 0 0 0 Onions per ton - 5 10 0 to 6 0 0 Potatoes, per ton3 10 0 to 0 0 0 Floor Market. £ 8. £ s. d Sharps, per ton - 3 10 0 to 3 15 0 Bran per ton, o 0 0 to 3 0 0 Adelaide Flour, per ton 12 0 0 to 12 5 0 Colonial Flour 9 0 0 to 10 0 0 Oatmeal 10 0 0 to 10 0 0 Pearl Barley 15 0 0 to 16 0 0 Seeds. o. d. £ n. d Ryegrass, bushel 0 2 0 to 0 3 Cocksfoot, lb. 0 0 3 to 0 0 4 Wt. Clover, lb. - 0 0 10 to 0 0 0 Red, do - 0 0 8 to 0 0 9 Alsyke, lb. - 0 0 10 to 0 0 C Cow Grass, lb. - C 0 7 to 0 0 9 Timothy, lb. 0 0 6 t; 0 0 0 Rapa c. 0 0 3 to 0 0 0 Linseed, per cwt. 0 16 0 to 0 0 0