LATEST COMMERCIAL NEWS.

New Zealand Mail, Issue 915, 13 September 1889, Page 16

LATEST COMMERCIAL NEWS.

New Zealand Mail Office, Thursday Afternoon. The effect of the new terms of the associated Chambers of Commerce is to concentrate the bulk of the month’s business into the early part of the month ; otherwise trade is generally reported to be of a quiet nature. Sugars are quiet, but the market is firm. A strong body of capitalist! are forming a Sugar Company in Melbourne, to bo called the Australasian Sugar Company, with a capital of £300,000. Under the beading “Mercantile Relations with New Zealand ” the Aii strain nan Trade Review (Melbourne) remarks Au important point is raised by the increa‘< J duty on oats and barley, and that is the complete want of consideration shown to New Zealand in our tariff alterations. The negleet to study our relations with New Zealand in felt by the mercantile world to be a grave mistake. New Zealand has entered into a new period of prosperity, which is evidenced by the fact that she is now exporting far more per head of population than Victoria. lJu.ing the pa. t half-year, 'iuderd, the absolute amount of her exporLs, irrespective of population, was largely in excess of ours, the figures comparing as follows : —New Z iil-ted, £5,622,233; Melbourne (the export trade of which forms nearly the whole of that of Victoria), £4,429,123. The recovery of New Zea'aud, by means of her enhanced productiveness, from depresffon will gr >t!y enlarge her import trade, and.would possibly increase her conurctiou with Victoria under favouring conditions. The exports from Melbourne to New Zealand have b come to shrunken that no encouragement offers for shipping enterprise, and it result), therefore, that it costs more to send goods there than it does to bring them from the Unit 1 Kingdom, which is a . evere handic ip for the Melbourne merehrofc. But if intercourse were fostered there would be a larger trade between the two coloni i, which wou'd be further promoted by a consequent reduct'ou of freights. To the Victo.iau ma mfao-arer New Zealand offers a maikei at present only second to that of New Fouth Wale), and probably in the near future it V.IU be a better one.

STOCK SALES. Christchurch, September 11. The New Zealand Loan and Mercantile Agenpy Company report (per Mr E. Gr. Staveley) as follows : —At Addington yards to-day there were fair supplies of stock. There were about 7000 sheep ; mutton, lgd to per lb ; best wethers, 16s to 18s ; mixed sorts, 14s to 15s fid; ewes, 10s to 13s 9d ; merinos, 7s 6d to i2s 9d. Bullocks, L 5 10s to L 7 7s 6d • cows, L 4 to L 6 15s ; beef, 16s to 2Qs per 1001 b. Store and dairy cattle, little doiqg. Pigs, small entry, demand du9.

KAYE AND CARTER’S WEEKLY REPORT OF THE CHRISTCHURCH GRAIN AND PRODUCE MARKET. Wheat—Tuscan, 3s 8d; Pearl, 3s 5d ; Hunter’s, 3s4*d. Fowlwheat—Good whole, 3s; broken, 2s 6d to 2s Sd. Oats-Mill-ing, 3s ; bright short feed, 2s 9d ; Danish, 2s 8d ; duns, 2s 9d; Black Nubians. 3a 2d. Barley—Prime malting (scarce), 4s to 4s 2d ; medium, 3s 4d to 3s 6d ; feed, 2s lOd ; pearl. £lB. Ryecorn—Good, clean samples, 3s sd; medium, 3s 3d ; Flour Best roller, sacks, £9 10s ; stone,, £9. Bran, 72s 6d ; pollard, 755. Oatsheaf chaff Good heavy, 90s. Oatstraw chaff, 555. Wheatstraw chaff, 555. Oatmeal (in 25's), £l4 ; in 7’s, £l6. Peas --blue boiling (very scarce), 4s 4d ; feed sorts, 3s 6d. Beans—Good whole, 3s sd; medium, 3s 4d. Linseed, £ls (scaroe). Rye grass—Machine dressed, 4s 6d to 4b 9d. Farmers’ parcels, 4s. Cocksfoot —Prime seed, 3fd ; medium, 3Jd to 3Jd. light, 2Jd to 3d. Butter, 7Jdtoßd. Cheese, 4£d to 5Jd. Hams, 9|d. H&B, 8d ; bacon, 7|d (cloth). Lard (in kegs) 4d ; bladders, 4|d. Derwent Potatoes, 87s 6d, sacks ineluded.... Kidneys ' and early potatoes in stock : rr- Early bath kidneys, SOs; fluke, kidneys,,- 90s; Llapstone kidneys, 90s,;' Magpqm Donums, ,9fls ; walnut leaved, ,sily,er skips,. £fl«; Ayrshire Sutton’s flour ballij, Beauty of Hebron, £6. 15s.

The above prices current are all f.0.b., Lyttelton ; sacks and packages extra except when otherwise speoified ; minimum, 2 tons.