COMMERCIAL NEWS

New Zealand Mail, Issue 859, 17 August 1888, Page 12

COMMERCIAL NEWS

Laery and Co. report sales during the week a 3 follows Potatoes, 70s ; oarly seed potatoes, 100-5 o 120 s; onions, 110 s to 115 s ; hams and bacon, 6J-d to 7(j-d ; cheese, 4d j butter (fresh', Is 2d to Is Sd ; butter salt), 8d to Is ; oats, 2s to 2s 2d ; eggs, lOd to Is ; bran, 65s ; pollard, 80s to 553 ; flour £8 10s to £9 ; oatmeal, £9 10s to £10; chaff, 70s to 75s ; apples, Ss to Us ; oranges, 4s to 7s 6d ; bananas, 2s to 43 6d; pines, 4i to 7s; lemons, 7s to 9s; limes, 53 to 103 ; mandarins, 5s to 10s-; cocoanuts, 8a to 9s (id. We do not anticipate any alteration in quotations of any of the above lines with the exception of onions, which are getting scarce. Potatoes we should not oaro about giving an opinion, as market rates will entirely depend upon' the lequirements of the Australian market. The Customs duties collected at the port of Wellington for tho weak endiug Saturday amounted to £4893 10s 2d. Beer duty, £lO7 9s sd. George Thomas and Co. report produce prices a 3 follows : —The market has been generally active, and the leading descriptions of breadstuff's and grain all show actual and further anticipated upward changes ; milling wheat is now quoted at fri>m 2d to 3d per bushel above last rates, and this, although not at the moment having affected values for flour, must do so in due course; milling oats are firmly held, and scarce at 2s 4d to 2s sd, while any variety suitable for feed cannot now be quoted under 2s Id up to 2s 4d ; oa; meal, we note, has advanced another 10s in the southern markets, and now stands bore at £lO 10s per ton. Good samples of fowls’ wheat have firmed, but our market does not as yot respond to advances in other pares, and we quote 2s Sd to 2s lOd per bushel. The jump which has taken place in potatoes is looked upon as a permanent rise, some southern centres now quoting up to £4 f.o.b. ; the fair market value here is now £3 15s. Fresh butter is realising now Is 2d to Is 3d, according to quality. Other lines, without alteration, are as follow :—Maize, 3s 7d ; pearl barley, 21s ; feed barley, 2s 9d ; beans, 3s 4d : peas, 3s 2d to 3s fid ; pollard, £4; bran, £3 10s ; split peas, 16s 9d ; rye grass seed, 3s 6d ; Italian rye do, '3s 3d per bushel; cocksfoot, 3Ad ; cheese, 4d to 4Ad ; hams and bacon, 7d ; eggs, lOd per doz ; fowls, 2s 9d ; ducks, 4s fid , geese, fis ; turkeys, 7s fid per pair. The weather is somewhat unpropitious for the sale of fruit, bananas only realising about Ss per bunc’n ; best apples, 10s; second sorts, 7s to S 3 ; and orauges, 5s to 7s.

Messrs Arthur Warburton and Co. report for the week :—Banks : New Zealand, sellers £ll, buyers £lO 15s,sales £lO 15s ; National, sellors 37s fid; Colonial, buyers 445. Insurance—New Zealand, 3ales 79s ; South British, buyers 465, sellers 50s ; National, buyers ISs 9d; Union, sales 25s ; Standard, 14s fid ; Colonial, buyers 4s 9d ; Accident, 7s. Miscellaneous—Loan and Mercantile, 795; Land Mortgage, sellers 20s, sales 19s 6d; National Mortgage, 10s; Union Steam, £lO 15s; Mo3giel Woollen, 71s; Kaiapoi, buyers 50s; New Zealand Drug, buyers 19s fid ; Kaitangata Coal, £l9 5s ; Westport Coal, 55s ; Wellington Trust and Loan, £6 7s 6d ; Equitable Building, £7 ; Wellington Building and Investment, £6 5a ; Wellington Gas (£5 paid), sellers £9 15s, (£1 paid), sellers 40s ; Gear Meat, buyers 67s 6d; Gear Warrants, £94 ; Northern Land and Loan (in liquidation), sellers 40s (£5 paid). Messrs Arthur Warburton and Co. report the following returns of amalgam from the Reefton mines for the week : —Keep-it-Dark, 36Soz from 186 tons ; Globe, 117 oz from 190 tons.

Messrs Edwards and Mcßeath report : We cannot report much alteration since last week ; if any, it is favourable. Mr D. T. Stuart reports on the share market for week to date:—Banks- —Now Zealand, sales £10,17s 6d ; Colonial, sales 445; National, sellers 36s 6d, ex. Insurance Colonial, 5s to os 3d; National, buyers 18s 80s ; Standard, 14s 6d cum ; South British, 47s 6d ; Union, 255. Sundries; —Union Steam, £lO 15a cum; National Mortgage, buyers 10s 6d ex ; Loan and Mercantile, SOs ; Drug Company, 19s 6dt01959d,; Mosgiel Woollen, 71s to 72s ; Kaiapoi, 50s to 60s ; Napier Gas, buyers £l4 ex; New Zealand Land Mortgage, 19s 6d to 20s ; local Building Companies shares, unchanged; Wellington Building and Investment Meeting, buyers at £6, sellers £6,55; Wellington Gas (issue, £5 paid), seliers £9 10s ; Manawatu Railway, sellers 15s ; Gear Meat, buyers 70s ; Northern Land and Loan in liquidation, sales 37s ; Westport Coal, 555. Gold shares —Keep-it-Dark, sales (13th) 32a 6d; Progress, sales (9th) 225, sellers 23s 3d ; Reform, sales 6d, sellers 9d ; Nil Disperandum, sellers 4s 3d; Scotia, buyers 2s 3d. MELBOURNE SALES. Mr R. Goldsborough and Co. Limited, in eonjunction with Messrs Mort and Co. Limited, report the sale of the Kerarbury Estate, situate on the Murrumbidgee, below Narandora, containing an area of about 156,000 acres, of which 120,000 acres are freehold. Ihe Kerarbury Estate, which, is one of the largest and best properties in New South Wales, has been in the occupation of the sellers, Messrs Macleary and Clark, for over 40 years, and is justly famed for its rich soil and grand fattening qualities, the sheep on it attaining great size and carrying heavy fleeces. It is highly improved, and has a frontage of IS miles and a half to the Murrumbidgee in a straight line, and as the country is level nearly the whole of it can be irrigated from the river by gravitation at moderate cost, thus offering great facilities for cultivation. It is sold with 86,000 sheep, 30,000 lambs, 575 cattle, and 150 horses; the clip of wool now about to be shorn and all effects given in. The district has a good rainfall, and the property having always been kept moderately stocked, is in good heart, and has been free from losses by drought. The purchasers are Messrs J. Horsfall and Co. The price has not been disclosed.

The Momalong estate, Bituate near Corowa, New South Wales, containing 82,750 acre 3 freehold, and about 10,000 acres leasehold, together with 90,080 sheep and lambs, has been sold by Messrs Robert-

soh> Booth and Co: to Messrs Horsfall and Sproule; The land is all suitable for wheat growing, and yields excellent crops, especially the Burigan portion of the estate, which is only 20 miles from the Victorian railway at Yarrawonga, where a bridg6 across the Murray is in course of construction. It is also within 20 miles of the New South Wales railway at Jerilderi. A tramway to connect the two railways is to pass through the estate. The sheep are largoframed, and the wool always commands high prices.—Australasian, August 4,

HOPS. Mr W. 11. Teulou, of Denman-street, Southwark, London, roports on June 26: Since the commencement of tho present season the decline that has taken place in the value oE hops is—excepting in 1882-3, when the opening prices were so abnormally high—more severe than any known in recent years. The depreciation has ranged 40 to 50 per cent from the opening prices. Although so little anticipated, it is bub the natural result of tli6 crop of 1887 proving so very much larger than at first reported, and it having to compete with the excessive production in 1885 and 1886. Much of these two heavy growths is still uncoilsumed, and will remain to influence operations on the market when the crop of 18S8 is on sale. At this date the condition of the hop plantations is generally healthy, although there are few of them in which “ Aphis ” fly and lice are not found. We must, however, wait further progress as well as also for the usual official statement of the land now under hops before venturing to speculate upon tho probable quantity v/e may fairly expect to be produced this year. SCALES & Co’s AUSTRALIAN & NEW ZEALAND PRODUCE MARKET REPORT. 9 Fenchurcii Street, e.c. London, June, 1888. Wool.—The third series of wool ssles commenced hero on 19th iust. there being altogether about 332,000 bales available. A verv full attendance of buyers has been secured from the opening, prices generally showing an advance at first of 5 per cent, on closing April rates for merino wools, aud on this a further improvement has been established, so that the advance all round may now be called 7\ to 10 per cent. Crossbreds generally have met with a good reception, fine qualities being per lb but coarser sorts are rather easier. Competition has been brisk, all sections of the trade being well represented. The- results .so far are much as were anticipated, the quantity for sale is only moderate, and with continued activity on the part of the home trade, we may expect * clear decks 'for the next series. Tallow.—The demand has been far from active during the past month, and the quantity sold has been comparatively unimportant' with gradually declining prices. The present value of good to finest mutton is 22s fid to 245, and fair to finest beef 203 6d to 235,, being about 2s 6d and la Gd lower respectively than our last quotations. Low and inferior sorts still sell readily at very full comparative prices. Skins.—Sheepskins have been in fair demand for all descriptions, Australians being quoted at a £d to id per lb dearer. Melbourne unwashed fine wool, 6Jd to 7Ad ; New Zealand unwashed fine wool, 6d to S£d ; New Zealand crossbred 6id to SJd- Rabbitskins in moderata supply," medium and common qualities being particularly wanted. Best New Zealand°skius are rather olioaper. Melbourne, 84d to Is Id per In ; New Zealand, ls4d to Is 9Jd. Gum, Kauri. —In common with other produce this article is dull and prices lower. Stocks continue to increase, and best quality gems show a decline of fully 3s to 5s per owt. Fine selected, L 7 to Ll2 ; bold amber scraped, 65s to SOs ; brown coated to clean, 32s to 70s. Bees Wax.— Market re_ mains firm with a fair trade doing, but with out alteration in values. White, L 5 103 to L 7 ; yellow and grey, L 5 103 to L 6 ss. Honey.— New Zealand, 25 to 355.

SYDNEY MARKET REPORTJohn Malliday and Co. report on August lufc : Wheat —Since our last has had a fluctuating market, declining to 3s 4d, ; but in consequence of cable nows from Europe, is now firm at from 3s 6d to 3s /d for milling • 3s to 3s 3d for seconds milling ; 2s Gd to 2s lOd for chick, with a fair demand for the latter. Bran—As anticipated, had advanced steadily, being firm to-day at lOd ; and as stocks here are well held we look tor higher rates. Pollard—in good demand at lOd. Oats —i n consequence of the falling off ot deliveries, and the demand being more than equal to supplies arriving, have advanced considerably. Present values are for bright heavy milling 2s 6d to 2s 7 A ; bright heavy feed up to 2s 4d ; lower grades, from 2a to 2s 3d ; guaranteed Tartarian Seed, 2s 6d to 2s Bd. Maize—ln fair demand at 2s Sd and will, we think, rule at about this figure. Barley—Cape Seed, dull at 2s lOd ; Feed, at 3s to 3s 3d. Rye—3s 6d with but little inquiry. Linseed —Very dull, at from £ll to £l2 ; several small lots of inferior samples offering at £ll without sales. Seeds —Quite neglected. Rye Grass Seed, 2s 6d to 2s 2d per bush,. ; Cocksfoot Seed, 3yd per lb • Prairie Grass Seed, 3s 6d porbush. ; Lucerne, 7Jd per lb ; Clover Seed (red), Sd per lfc. ; Clover Seed (White,) 6Jd per lb. ; Planter’s Friend, 2d per.lb. ; Sorghum,, 2JA per lb. Flax—£2o 10s, for best N.Z. dressed ; £l6 to £lO, for off sorts, (less per cent, discount), very dull at these quotations, and to affect sales less money must be taken. Fungus 4d to 4Jd with fair demand. —Potatoes—Are steady and to-day values are : Warnambools, 60s to 65s ; Circular heads, 70s to SOs, New Zealands, 75s for fresh arrivals ; Ballarats, 65s to 70s. Turnips—sos to 60s for best Swede, very dull. Onions —Have advanced and Victorian are £7 10s, New Zealand £5 to £7, Market firm. Peas—Blue Prussian, 3a 2d to 3a 6d ; partridge or grey, 3s Cd. Beans—-Horse Beans, 3s to 3s Gd. Tares— Very dull at 8s for Black or Grey ; Golden, 7s. Chau In l&Yp'Q supplies from all sources, consequently market is dull. Values to-day, best local 80s to 100 s. Inferior unsaleable. Victorian, 90s to 955, Adelaide, favourite brands, 95s to 105 s. Hay—£s 10s to £6. Lucerne has advanced, £4 10s to £5 for best green ; £2 to £3 15s for brown and inferior sorts, the latter sorts in good supply. Straw—ln bundles,

£2 las ; derrick-pressed, £2 15s to £3* Beeswax—lOdtolld. Oatmeal—la 7-lb. bags, £ll for off brands ; £i2 to £l2 10s for wellkndwn brands (less per centi discount,) Beef—With inquiry, 100-lb kegs, 18 to 19s ; 300 tierces, 50s. Butter—The market since our last has experienced a sharp advance to 2s, caused by so small a proportion of the local dairies being of really best quality and newly made ; some really choice lots of imported selling tip to Is 7d, oinco whioh our market has suffered a decline, aud values today are, for best quality local newly made separated, 2s ; dairy made, la fid to Is 9d ; old packed, Gd to la 2d. Best quality newly made imported separated, lsfid ; dairy made, Is 3d to Is sd, Seconds, market well stooked, lOdto Is Id ; pastry Gd up. Supply of all sorts fully equal to demand. Cheese—ln good supply ; local best qualites fid to 7d ; New Zealand, 7d, market quiet.—Bacon— Market has been somewhat cleared of the large supply of local sinee our last ; and today, values are, for local 5d to 7d ; New Zealaud Bd, nominal. Hams —Local, 7d to 9a ; New Zealand, iu cloth, lid to Is; with inquiry Lard—ln bladders, 5d ; kegs 3d to 4d. Honey —3d. nominal.

WANGANUI STOCK SALE.

[By Telegraph. J

(from our own correspondent. ) Wanganui, August 10.

Albert Barnes’ stock reportAt the sale at Campbelltown on the 7th the yards were fairly well filled, considering the bad weather and the season of the year. There is not much alteration in prices generally. Sheep still sell at good values. Beef and mutton is unchanged, varying of course according to quality. Pigs 1 could have sold at good prices, but buyers hold out for larger figures. I sold cattle as follows :—Fat cows, £3 14s to £3 16s ; good forward cows to plain beef, £2 10s to £3 5s ; 2-year-old steers, £2 6s ; weaners and yearlings, 16s ; milkers, 35s to £2 15s; sheep, fat ewes, 11s 3d; good store wethers, 9s lOd to 10s 7d ; ewes in (lamb, 7s Gd to 8s 9d; hoggets, 6s lid; pigs, good porkers, 16s 6(1. Wanganui, August 15.

Freeman R. Jackson and Co. report that at the Wanganui yards to-day nocabtle came forward. Store wethers were better value, and made 10s 8d and 10s 9d. Hoggets at Waverley on Monday brought Bs, and small ewes in lamb, 7s 9d. Pigs were of full value.

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 7 to 0 0 8 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. - 0 0 7 to 0 0 8 Fowls, pair • 0 2 3 to 0 2 6 Ducks, pair - 0 3 6 to 0 4 0 JJ-eese, each - 0 2 6 to 0 3 0 Turkeys, each 0 3 6 to 0 5 6 Hay and Corn Market. 3C s. d. £ s. d Maize, Poverty Bay - 0 0 0 to 0 0 0 Jats, 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 p 0 0 Oaten, ton - 3 0 0 to 0 0 0 Straw, ton . - 2 10 0 to 3 0 0 Ohaif,— - - 3 5 0 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 te 6 0 0 Potatoes, per ton- - 3 10 0 to 0 0 0 Flouk Market. £ 8. £ s. d SharpB, per ton - 3 10 0 to 3 15 0 Sran per ton, . 3 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 e 0 to 16 0 0 Seeds. £ . d. £ s. 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 Bed, do . 0 0 8 to 0 0 9 Alsyke, lb. - - 0 0 10 to 0 0 C Cow Grass, lb. - 0 0 7 to 0 0 9 Timothy, lb. - 0 0 6 t; 0 0 0 Rar<a b. - 0 0 3 to 0 0 0 Linseed, per cwt. - 0 16 0 to 0 0 0