THE MARKETS

New Zealand Mail, Issue 1732, 10 May 1905, Page 23

THE MARKETS

Dalgety and Co. have received the following cablegram from their London office, dated 4th inst. ' “Wool sales continue firm. Good merino wools (greasy), prices are on the average 5 per cent, to 8 per cent, higher than closing rates of last series ; other descriptions of merino wool 5 per cent higher; fine and medium crossbred wools, prices are on the average 10 per cent, higher than closing rates of last series; greasy crossbred wools, superior, light, free descriptions suitable for America, prices are higher by 10 to 15 per cent: coarse descriptions, 5 per cent higher.” ‘“We quote New Zealand beef, ox hinds i&Olb tc 2201 b, fair average quality, 3»cl to 3:fd; ox fores, 2§d per lb.

Messrs Murray, Hoberts and Co. have received the following wool market cablegram from their London house, Messrs Sanderson, Murray and Co., dated st-.li inst. -.—The market is very firm, and showing a tendency to harde .

Dalgety and Co., Ltd., Wellington, have received the following cablegram from their London office, dated 4th inst;—“Wool sales continue firm ; good greasy merino wools, prices are on the average 5 per cent to 8 per cent, higher than closing rates of last series; other descriptions cf merino wool, 5 per cent, higher ; fine and medium crossbred wools, prices are on the average 10 per cent, higher than closing rates of last series : greasy crossbred wools, superior light, free descriptions suitable for America, prices are higher by 10 to 15 per cent; coarse descriptions, t>. per cent iiighei. New Zealand beef, ox hinds, 1801 b to 2201 b, fair average quality, 3§d to- 3:]d ; ox fores, 2§d per lb.

Thompson Bros., limited, 9, Harris street, report the fullowing wholesale 13i'ices ruling in the Wellington produce market during last week : —Prime oatenslieaf chaff, £4 7s Gd to £1 l()s nor ton ; feed oats,2s 2d to 2s 4d per bushel : whole fowl wheat. 3>» Gd to 3s 9d ner bushel; maize, 3s 9d per bushel; feed barley, 3s per bushel: horse bean.-', 4s to 4s 3d per bushel : part-idgo peas, 4s 3d per bushel; pollard, £7 per ton; bran, 4s Gd to 4s 9d per cwt; barley

meal, £7 per ton; flour, £9 10s per ton; oatmeal, £ll per ton; rolled oats, 9s 6d per dozen; Oatina, 9s 6d per dozen; potatoes, £6 5s to £7 per ton ; onions, £9 to £9 10s per ton: carrots, 4s to 4s Gd per sack; cabbages, 2s to 2s Gd per sack; cauliflowers, 3s to 4s Gd per sack ; mutton birds, in casks, 5d per bird ; factory bacon, sides 7d per lb, rolls 7)d to Bd, hams 7-td to Sd per lb : poultry, liens 2s 9d to 3s per pair, roosters 3s to 3s Gd per pair, ducks 3s Gd to 4s Gd per pair ; geese, 5s to Gs per pair; butter, separator (lib pats) 9i-d, bulk 9d, pastry 7d to 7-i- per lb; cheese, best factory 5Jd to ssd per lb ; fungus, 4d per lb : peanuts, 2\d per lb ; honey, in bulk, 4Vd per lb.

CARGO FOR AUSTRALIA. Tho Monowai, which sailed for Sydney on Saturday, took The following cargo:—From Wellington—s 22 bales hemp, 73 ingots zinc, 40 sacks hides. 13 bags salted hides, half bag hair, 1 bag bones, 10 drums ammonia liquid, 41 cases and 1 crate preserved milk, 4 sacks horns, 2 sacks greenstone. From Picton—lo sacks hides. From Nelson—--40 bales hops. From Greymouth—l4l2 bags concentrates. From New’ Plymouth—63 sacks hides. From Lyttelton—393 gunnies onions, 81 sacks pea-s, 30 sacks seed, 2 horses, 10 Romney ewes, S 8 bales wool, 2 boxes plants, 1 case bulbs. From Dunedin—ll sacks peas, 15 cases tongues, 15 casks pelts, 4 casks pork, 6 sacks calfskins, 1 crate biscuits, fc truss leather, 1 sack seed, 1 box plants. From Bluff—sG sacks linseed, 25 cases preserved milk. There was also a quantity of miscellaneous cargo from each, port of call. CHRISTCHURCH PRODUCEMARKETS. CHRISTCHURCH. May 5. There has been rather more movement! in wheat during the week, as some business is now being clone for export, in view' of the probable reduction in freight by direct steamer. Prices, how'ever, show no improvement. Purchases have been made at 2s Gd and 2s 7d at country stations, most of the lines being obtained at the first-named price. A line of 700 bushels of pearl and Hunter’s was taken at 2s 7d ; 3300 bushels of Tuscan and pearl, 1400 bushels of Tuscan and Hunter’s and smaller lots of Tuscan were all bought at 2s Gd at country stations, the wheat being of prime milling quality. There is practically no real prime wheat offering The only business passing in oats is in small lots. Buyers who require large quantities are now operating in the South. Quotations are unchanged. Beans are coming on the market, and 2s Gd is being offered at country stations.

Considerable quantities of |»>otatoea are reported to' have been rejected at the port. The opinion is gaining ground as the crop is being dug; that the damage by blight is not nearly so bad a-9 was anticipated, though it remains to be seen whether the potatoes will keep well.

COMMERCIAL CABLES. LONDON, May 5. The market rate of discount for best three months’ bills is unaltered at 2 i per cent. The Bank of England rate is per cent., as against 3 per cent, on 9th March.

Wheat.—The English wheat markets are very dull, the Continental quiet, and the American flat. Red winter £93 ss, cargoes, slow, 31s 3d, and the same is asked for May and June shipments; Australian spot, scarce, 33s 3d. The American visible supply is 49,158,000 bushels. Flour is dull. Butter.—The market is dull. Danish 98s to 100 s, against. 100 s to. 102 s last week; choicest New Zealand, 93s to 945, against 94s to 965; Victorian, 925; NewSouth Wales, 90s : Queensland , 88s.

Cheese is slow 56 s.

New Zealand, 55s to

At the wool sales Mca Flat realised Is lid, Fiat Point, 9J; Mihia, Bjjd : Omarama, 9fd. The competition is exceedingly brisk. There is a strong American demand for crossbreds and best merinos.

Bradford Tops.—The market is animated. Common 60s, 24d, and super GO’S 241 d; 4G’s, lofd ; 40’s, 13UI. Sugar.—The market is flat. First mark granulated, f.o.b. Hamburg, Id lower, at 14s lOd per cwt. ; German beet, BSdeg, unchanged, at 12s iOd per cent.

Copper.—On sot. 21s 3d lower, at £GS ss; three months, 27s Gd lower, at £GS 2s 6d. ' *

Tin. —Spot, 35.31 lower, at £137 10s; three months, 35s lower, at £133 10s. Pig Iron. —Middlesborough No. 1 cash, 2s 5d higher, at 53s 9d per ton. Lead, 7.id higher, at £l2 12s Gd per ton.