COMMERCIAL.

New Zealand Mail, Issue 1354, 10 February 1898, Page 6

COMMERCIAL.

Messrs Murray, Roberts and Co. have received the following wool market cablegram from their London house, Messrs SanderSbn, Murray and Co , dated 31st January Market has declined a shade.” Messrs Freeman R. Jackson and Co.’s Wanganui stock report is as follows: A small entry of cattle were well competed for. Fat bullocks, medium weight, £4 18s to £5 4s ; springing heifers, £3 Us ; others, £llss to £2 12s 6d. The sheep pens were well filled, the bulk of the entries being 2-tooth Lincoln ewes. Though the price offered was close to the reserve they did not sell. Small store wethers, 5s lid; small woolly lambs, 2s lid ; store ewes, 3s 7d • store wethers, 7s 2d ; fat wethers, 8s to 8s 2d ; fat ewes, 5s 7d to 6s sd. The competition was brisk throughout. Pigs sold freely, SUps, 3s to 6s 7d; stores, 10s to 13s ; fat pigs, 15s 6d to 19s ; baconers, 27s • * Messrs Lowes and lorns report as follows as to their fortnightly Bale:—We had a good yarding m sheep, especially in forward wethers, of which we had a large entry, as also forward ewes. Competition was good, the whole catalogue being cleared. In cattle some big lines in stores came forward, all the younger steers meeting with a ready sale, the larger bullocks being held over. In pigs the entries were mostly weaners, with a few stores, all being cleared under the hammer. The following rates were obtained: —Forward wethers, 7s to 7s 4d; stores, 5s 6d to 6s Gd ; fat ewes, 5s Gd; forward ewes, 4s 9d to 5s 3d ; breeding ewes, 3s 6d to ss; culls, 2s; 2-year steers, 40s to 455; 2J years, 50s; yearlings, 30s. Pigs—Weaners, 8s to 9s; stores, 12s to 15s. At Carterton on Tuesday we sold:—Store ewes, 3s ; forward ewes, 4s ; lambs, 2s 6d to 3s; culls, Is; store cows, 40s; calves, 10s to 15s. » . , Messrs Murray, Roberts and Co. have received the following wool market cablegram from their London House, Messrs Sanderson, Murray and Company, dated the 2nd inst.: The sales have dosed. The market shows no material change, but is firm for greasy merino; 2000 bales have been held over for next series. .... „ - Seventy wethers from Starboro’ estate, in goon condition, were sold by Mr G. H. Scales in the Featherston street yards, behind, the Government Life Insurance Buildings, on Friday. The ruling market prices were obtained.

Sydney, February 2. Wheat—Chick, prime, 3s ; milling, 4s to 4s 2d; Oats —New Zealand, best feed, 2s sd; local, 2s 4d. Maize, 3s to 3s Id. Barley—Cape, 3s to 3s Id: English, 3s 3d. Bran, 7d; pollard, BJd. Potatoes—Circular Heads, £7 ; local, £4 10s to £6 ss. Onions, Victorian, £5 103. Butter — Dairy, 5d to Old : factory, 6Jd to 7d. Bacon, 6d to 7%d. Melbourne, February 2 Wheat, weak, 4s 51d to 4s od. Oats Algerian, Is 4d to Is lOd; Danish and stout white, Is lid to 2s 2d. Maize, 2s lid. Barley-Cape. 3s; prime malting, 5s 6d Bran, 9|d ; pollard, 10|d ; potatoes, £5 10s to £6; onions, £4 to £4 10s. Melboukne, February 6. A movement is on foot among the farmers of the Goulbnrn Valley to raise the price of wheat by sending a large shipment to England. . Adelaide, February 2. Wheat, 4s 5d to 4s s*d. Flour, £lO 10s to £ll. Oats— Dun and Algerian, 23 21; stout white, 2s Gd to 3s. Bran and pollard, Is . London, February 1. At yesterday’s wool sales prices were steady and unchanged. London, February 2.

The tola 1 quantity of whs it a.jd il. .u- ail -it for the United Kingdom is 2,j30,000 quarters, and for the Continent 113,000 quarters. The American visible supply of wheat is 51,100,uuu k At yesterday’s wool sale the demand for merinos was slightly firmer. Good crossbreds brought §d the National Bank of New Zealand are quoted at 2J; Bank of New Zealand 4 per cent, guaranteed stock at 103; New Zealand Loan and Mercantile Agency Company 4 par cent prior lien debentures at9G|. . Mutton—Fine, is quoted at 22s 3d; medium, at 2.75. Beef—Fine, at 20s 3d, and medium, at lbs Gd The second series of colonial wool sales closed last night. The prices at the close remained firm and onotaDgad, petaw 3. At the wool sales just dosed, 159,070 bales were catalogued, Home buyers taking 81,000, Continental 60,000, and American 10,000, while 20,090 were held over. As compared with the December series closing rates, merinos advanced fully 10 per cent, and crossbreds 5 per cent. Inferior and heavyconditioned merinos were keenly competed for by the Yorkshire trade. The advance was entirely attributable to the shortness of the supplies. . The volume of trade in the woollen and worsted districts generally is showing Mutton—New Zealand crossbred wethers and maiden ewes-Canterbury, 3 3-16 d per lb; Dunedin and Southland, 2gd; North Island. Lamb was not quoted. River Plate - Ciossbreds .or merino wethers, heavy, 2|d; light, 2*o. „ Invercargill, February a. The second wool sale was beid.to-daL when about 4°oo bales were offered. There was the usual attendance of buyers, aud competition was keen Prices ruled a trifle better than at the January sale for crossbred, considering condition, Merinos were Jd to |d better, and half-bred ** to id. Very little was passedm. 4< Messrs Nelson Brothers iLimitedh of Tomoana, received, this afternoon, the from the Colonial Consignment and Distributing finmnanv London: —The frozen meat market shows no Bign of improvement. To-day’s quotations are .

Best Canterbury mutton, Sd; best Dunedin and Southland, 2|d; Napier and North Island, m. London, February 4. The Bank of England returns published to - day show the total reserve to be .£22,774,000 (<£21,000 more than last week), the proportion of reserve to liabilities being 45 30 per cent. Three months’ bills are discounted at 21 per cent. —a fall of g. The following are the latest quotations for Government securities :

♦lnterest payable in May and November. +lnterest payable in January and July. Jlnterest payable in April and October. The English wheat market is quiet but steady, the Continental firm, and the American advancing. Californian No. 1 milling, for early shipment, 36s 9d ; Russian cargoes (Ghirka), 37s 3d c.i.f.per 4921 b; London quotation for No. 1 bard Duluth, 41s. Sugar is dull. German beet, 88deg., 9s per cwt. ; Java cane, No. 1, D.S., 10s 9d per cwt. Pig iron—Glasgow warrants, No. 1,45 s 7|d per ton, f.o.b. in Clyde. The Bradford wool market is firm. The butter market is hardening. Colonial is selling briskly at 92s to 945, choice at 965; Danish, 100 s to 108 s. Cheese is flat—New Zealand, 40s to 41s. Silver is quoted at 2s 2 l-16d per oz. WELLINGTON MARKETS. Messrs Laeby & Co. report current whole-

Price. Variation as compared with last week. 2|% Imperial Console .. £ s. d. 112 10 0 51- lower 4% New South Wales 122 0 0 5/- higher 84% New South Wales .. 107 5 0 15/- lower 8% New South Wales 101 15 0 5/- lower 4% Victorian 112 15 0 5/- higher 34% Viotorian 106 0 0 Unchanged 3§% South Australian 110 0 0 Unchanged 3% South Australian 100 5 0 6/- higher 4%Queensland 113 10 0 20/- higher 34% Queensland .. 106 0 0 Unchanged 4% New Zealand* 116 10 0 Unchanged 84% New Zealand! 109 5 0 5/- higher 8% New Zealand! 101 5 0 Unchanged 84% West Australian 107 0 0 Unchanged 8i% Tasmania 110 10 0 10/- higher

sale values as under Hat and Corn Market. £ £ S. D. s. D. Feed barley ... • •• 0 3 3 Maize ... 0 3 2 Oats, feed .. ... 0 2 7 Wheat, milling 0 4 7 Fowl Wheat ... 0 4 2 Hay, ton ... 4 10 0 Oaten, ton ... 4 u u Straw, ton ... 2 10 0 Chaff, oaten sheaf ... 4 0 0 Wheat, straw... • •• 2 15 0 Beans ... 0 3 4 Onions ... 6 0 0 Peas (blue) ... 0 5 0 Roller flour ... • •• 11 15 0 Pollard ... 4 0 0 Oatm8al ... 11 10 0 Bran ..; ... 3 12 6 Cape Barley ... 0 3 2 Seeds. Ryegrass, Farmers’ lots Ryegrass, Machine 0 2 9 to 4 0 to 0 3 4 6 dressed (M 0 0 4 Cocksfoot, lb ... ... 0 0 3i to 0 0 Potatoes. Round ... 6 0 0 Kidneys ... 7 0 0 Farm and Dair? Produce. Milk, quart ... lb 0 0 3 Butter, fresh farm, 0 0 6 Butter, separator ... 0 0 9 Salt butter 0 0 6 Cheese ... 0 0 4 'to 0 0 Loaf ... 0 0 4f Eggs, dozen (fresh) • •• 0 1 0 Bacon, lb ... 0 0 6 Ham, lb 0 0 8 6 Fowls, pair ... ... 0 3 0 to 0 3 Ducks, pair ... • •• 0 4 0 to 4 6 0 Geese, pair ... • •• 0 5 0 Turkeys, pair..."' ... 0 6 0 to 0 2 6