SHIPPING AND COMMERCIAL.

New Zealand Mail, Issue 993, 13 March 1891, Page 29

SHIPPING AND COMMERCIAL.

(PER PRESS ASSOCIATION.) London, March 4. The R.M.S. Kaikoura arrived at Plymouth yesterday, from New Zealand, with passengers all well and her cargo of frozen meat in good condition. The ship Piako, from Napier (9th November), has arrived in the Channel. The total quantity of wheat and flour afloat for the United Kingdom is 2,192,000 quarters, and for the Continent 936,000 quarters. The American visible supply is 42,400,000 bushels. A cargo of New Zealand wheat on passage has been sold at 37s 3d. Union Steam Shipping Company s shares are at Lll, New Zealand Shipping Company, L 4 103 ; Shaw, Savill and Albion Company, Lll. London, March 6. The Bank of England returns published to-day show the total reserve in notes and bullion to be L 15,370,000. The proportion of reserve to liabilities is 36-80.

Consols, 96 ex dividend. Three months’ bills are quoted at per cent. , . ~ . New Zealand 4 per cent, inscribed stock 107, active ; 34 do, 975. New Zealand long-berncd wheat, 39s 9d, market firmer. For New Zealand wheat, on passage, sellers ask 38s 6d, but buyers refuse to give more than 38s. Mutton Canterbury, 4£d ; Wellington 44d. New Zealand beef, forequarters, 3 11 16ths of a penny. Hemp— Auckland, fair quality averages L 26 15s; Wellington, ditto, L 24 ; inferior, L2l 2s 6d. too South Australian wheat, L2 Us bd, market weaker; Victoria, ditto, L2, Isugar—Best German been, 12s 9d ; Java, 15s 6d. . . , . No. 1 best Scotch pig iron, f.o.b. on Ship Piako, from Napier (9lh November), LojjdoKi Ma „,, 7 . A cargo of New Zealand wheat, Apiil shipment, has been sold at 37s 6d. The butter, ex R.M.S. Kaikoura, is realising 114 s per cwt. The withdrawl of the Pig Iron Regulation Bill has caused a heavy fall in the iron market. In Glasgow No. 1 best Scotch pig iron is quoted at 45s ocl. Medium tallow unchanged. Babbit sldns show a general decline of £d per lb. Best sides of leather, 9d to 9|d. London, March 10. A cargo of New Zealand wheat on passage has been sold at 38s 6d. Silver, 3s 9d. Three months’ bills, 24 per cent. Melbourne, March 5. Sailed—Mararoa, for Bluff. Melbourne, March 6. Arrived —Rotomahana, from the Bluff. Melbourne, March 9.

Mr Waidel, of London, who is at present on a visit to the colonies, has re ceived a cable from his firm announcing that refrigerator charges on frozen mutton have been reduced from a seventh to a ninth of a penny. , r Sydney, March 6. H.M.S. Ringdove arrived to-day. Sailed—Recorder, cable ship, for New Zealand. Following are the current quotations for the principal silver mining shares Broken Hill Propriety, LlO l6s ; British L2 12s ; Centrals, L 4 12s ; South, L 4 4s ; Block 14, L 6 10a ; Block 10, 813 17s ; Junctions, LI 17s. Sydney, March 7. Sailed —Tarawera, for Auckland ; Tekoa, for Waitara. Sydney, March 9. Arrived —Te Anau. Newcastle, March 7. Arrived—Rio, from Napier. Sailed—lsland City, for Bluff.

(special to press association.) London, March 7.

A boom has taken place in the wheat market, owing to French demands consequent upon the bad prospects of the harvest. „ Dunedin, March 7. Messrs A. S. Paterson and Co. have been advised by cable that considerable reduction in the London dock charges on New Zealand frozen meat have been granted by the Dock Companies in response to their representations.

The New Zealand Loan and Mercantile Agency Company (Limited) have received the following cable message from their London office, dated 6th instant: Tallow—Market quiet. Fine mutton is worth 26s 9d, and good beef 24s 9d per cwt. New Zealand hemp—Market dull. Medium is worth L 24 per ton. Frozen meats —Mutton, market steady ; beef, market quiet. The price of both mutton and beef has advanced £d per lb since last report. Lamb, market unchanged. The company are also advised by wire of a reduction in the London frozen meat management rate to Jd per lb from this date. REPORTED WRECK OF THE BARQUE ROSE M. (rER PRESS ASSOCIATION.) Sydney, March 9. It is believed that the wreckage seen near Cape George belongs to the barque Rose M., which is now 58 days out from New Zealand.