COMMERCIAL.

New Zealand Mail, Issue 1108, 26 May 1893, Page 30

COMMERCIAL.

MESSRS LOWES & IRONS' STOOK SALE REPORT. We had full entries at our regular etook •ale last week, and the tone of the market was a little better throughout. Good sheep of all classes met with a brisker demand and prices were a shade higher. Nearly 500 head of cattle were yarded, which were of good quality and sold well. Two or three pens were passed as being too highly reserved, but all sold. The prices obtained were as follow : —Fat cows, £6loa to £6 7s 61; store cows, 70a to 72s 6d ; three and four yoar-old store bullocks, £5 17a 6d and £6; two and a half to three-year-old steers, £5 5a to £5 12a 6d ; two year Bteera to 85s; young steers, 53s to 60a ; young calves, 25s to 39a. For eheep we quote 2-tooth wethers, forward, 10s 2d to lis 3d ; ordinary ditto, &s 5d ; mixed ewes and wethers, forward, for turnips, lOi; empty ewes, 8a 3d to 9s 6d; ewes in lamb, 8a to 9s; good lambs to 8a 2d ; culled ditto, 3e 3d to 6s; culled 2 tooth ewes, 7a 7d to Bs,

Edwards and Mcßeath report as follows on the labour market -.—There are signs of an improvement in the demand, which waa wanted, as the market has been exceedingly diill. Freeman R. Jaokaon's Johnsonville stock report:-Fat cattle came forward in average numbers. The quality was good throughout, though the weight varied considerably. Light bullocks, L 7 5s to L 7 12s 6d; others L 7 15s toLB 12s 6d ; prime oxen, L 8 15s to L 9 2s 6d. Sheep were in moderate number. A strong demand existed, notwithstanding that suitable sorts were barely represented. Almost the whole of the entries lacked quality and condition. Medium wethers, 14s 6d; indifferent, 12s 4d to 13s 4d } medium ewes, 12s; others, 9s 3d to lis,

(PRESS ASSOCIATION,) < London, May 17. Lord Onslow 1 has been elected chairman of the committee appointed to report on the question of marking colonial produce. Debentures are quoted as follow . Australian and New Zealand Mortgage Company 4s, L 97 10s ; D&lgety and Company 4£, Lll2 ; New Zealand Loan and Mercantile Agency Company 4, L9l. 1 London, May 18. There is diversity of opinion as to which salt is beat for the preparation of Australian butter for the London market. Mr D. Wilson, the Victorian butter expert, is visiting the salt works in Liverpool and other districts, making enquiries on the subject. Australian investors are taking up Cape goldmine shares. Victorian 3| per cents are at 85£, New South Wales ditto at 87J, and Queensland at 79. The bank rate of discount is 4 p9r cent. The American, wheat supply is estimated at 91,600,000 bushels. An Australian cargo of wheat sold at 30s 9d ; and 6800 quarters of Australian wheat, January shipment, sold at the same price. London, May 19. New Zealand long-berried wheat, ex warehouse, 31s, market quiet; South Australian wheat, 345, market quiet ; Victorian, 33a 6d, market flat. Frozen mutton, first quality, 4£d; lamb, s£d. Hemp is dull. One hundred bales of New Zealand hemp were withdrawn from sale. Kauri gum is dull of sale. Fine pale scraped, LlO ; three quarters scraped, L 5 ; pickings, L2 10s. Sugar, best German beet, 18s; Java, 19s. No. 1 best Scotch pig iron, f.o.b. in Clyde, 40s. At the Bradford wool market fair business is doing. The Bank of England returns published to-day show the total reserve in notes and bullion to be L 13,324,000, the proportion of reserve to liabilities being 36-10. Three months' bills are discounted at 4j per cent; market firmer. Consols, 91. Victorian per cents, 87; New South Wales do, 91 ; Queensland do, 81; New Zealand, 93. New Zealand 4 per cent inscribed stock, 101. London, May 21. Tallow—Medium mutton, 295; beef, 28s 6d.

The English wheat market has a weak tontv ai»d the Continental is steady, The American market is advancing, and shows increased firmness. A cargo of Australian wheat off coaßt has been sold for 31s 6d. New Zealand rabbit skins—Medium to fair, Is ljfd ; fair to good, Is 6d. London, May 22. Mr F. O. Licht estimates that the eight months'yield of beet will show a decrease of 3000 tons. His estimate for the sugar campaign remains unchanged. Sydney, May 24. Wheat—Chick, 3s 3d ; milling, 3s 6d. Flour—New Zealand, LB. Oats—Fair feed, 2s 7d ; bright feed, 2s 8d ; seed, 2a 8d to 2s 9(1 ; maize, prime dry, 3s 9d. Barley—Cape, 2s lid to 3s ; bran and pollard, B|d to 9d. Peas - Prussian blue, 4s 4d. Potatoes—Local and New Zealand, L 3 ; Circular heads, L 3 7s 6d to L 3 10s. Opj6ns, L 4 5s to L 4 10s. Butter —Dairy made, 6d to 7d ; factory, 9d. Cheese, 2d to 5d ; bacon, ssd to 6£d ; hams, New Zealand, lid to Is. Melbourne, May 24. Wheat, 3s Id to 3s l£d. Flour— Stonemade, L6l2s 6d to L 6 15s; roller, L 7 to L 7 ss. Oats—Algerian, Is lid ; stout, 2s id ; seed, 2s 2d. . Maize, 3s 7£d, market quiet. Barley English, 4s; malting, 4s 7d. Bran, lOd to 10£d; Pollard, lUd. Potatoes, L2 lOd to L 3. Butter, factory, 10£d, market having a downward tendency. Cheese, New Zealand factory, in bond, ssd. Flax, nominally, Ll 7 to Ll 9. Adelaide, May 24. Wheat, 3s 2d. Flour, roller, LBto L 8 2s 6d. Oats, 33 to 3s 2d, duty paid. Barley, Cape, 2s 6d to 3s. Bran, lOd. Pollard, lid to ll|d. (special.) London, May 17. Andrew King and Co., Australian merchants, have called a meeting of their creditors. The firm propose voluntary liquidation. The New Zealand Loan and Mercantile Agency Company (Limited) have received from their London office the following cable message, dated May 19 : Frozen Meats—Market quiet; quotations unchanged since last telegram. TallowQuotations unchanged since last telegram. There is a good demand for common qualities; other descriptions are slow of sale.

WELLINGTON MARKETS. Messrs Laery & Co. report current wholesale values asunder:— FAKM AND DAIBT PnODDOB. £ s. d. £ h. d Milk, quart 0 0 3 to 0 0 4 Butter, fresh farm lb 0 0 8 to 0 0 9 Butter, factory made 0 0 10 Salt butler • 0 0 6 to 0 0 7 3heese 0 0 4| to 0 0 5 Loaf - - - ■ 0 0 BJ Kgga, dozen (fresh) 0 2 0 Lard, lb. - 0 0 34 Bacon, lb. • 0 0 7 Ham, lb. 0 0 8* Fowls, patr 0 2 9 Ducks, pair 0 3 9 fr«w8e, pair 0 4 6 to 0 5 6 Turkeys, pair • 0 6 0 to.O 7 0 Flock Mabket. a «. it. £ s. d Stone flour - 7 10 0 Roller do - 8 5 0 to 8 10 0 Pollard 3 15 0 3hikr[j8, per ton • 4 0 0 Oatmeal 11 0 0 Bran 3 5 0 Hat and Corn Mabket. £ s. d. £ s. d. Maize, 3 9 to 0 4 0 Oats, feed - 0 2 1 to 0 2 3 Wheat, milling • 3 0 Fowl Wheat 0 2 6 Carrots 2 0 0 Hay, ton • 3 10 0 to 4 0 0 Oaten, ton • 3 0 Q to 3 10 0 Straw, ton - 2 10 0 to 0 0 0 Uhaff, Oaten Sheaf ■ . 3 10 0 to 3 17 6 Wheat straw 2 15 0 Onions ■ 4 0 0 Potatoes 3 0 n in 3 9. 6 Seeds. £ 8. d. £ s. d. Ryegrass, Farmers' lots 0 2 9 to 0 3 3 „ Machine dressed 0 3 6 to 0 3 10 Cocksfoot, lb. . 0 0 1\ to 0 0 3J Wt. Clover, lb. • . 0 0 10 to U U U Red, do • 0 0 8 to 0 0 0 Alsyke, lb. - 0 0 9 Cow Grass, lb. - 0 0 7 to 0 0 0 Timothy, lb. , 0 0 4 to 0 0 0 Linseed, percwt. , 14 10 0 Rap8,cwt, • 1 3 0