COMMERCIAL.

New Zealand Times, Volume XXXVII, Issue 6439, 2 December 1881, Page 4

COMMERCIAL.

Nbw Zealand Times Office, Thursday Evening.

Tho past month’s trade has been brisk, both in imports and exports, as will be seen by pur shipping column summary. The elections being close at hand has an effect upon distributing business. Nearly the whole of tho colony are electioneering, and until after the 9th inst. we do not look for any alteration. Trade is sound, and financial engagements are punctually provided for. Money is in full supply at late rates, and we have no alteration to report in Bank rates. Ales and Stout: Stocks of the former are very heavy, and sales, except in small parcels, are difficult to effect; Foster’s. Griffen’s. Bulldog, and other favorite brands are best patronised ; Booth s light sparkling pale ale is also much admired, but is quite out of first hands : we quote from 11s 6d to 12s per dozen quarts d.p., according to brand and bottler ; stout is not in such full supply, and the demand xs limited; quarto are quoted at Us 3d to 12a d.p.; in bottled ales and stoutthera is nothing doing. Spirits: Ibis market has been quiet during the month, and we have nothing of any particular interest to report; Hennoasys onestar case brandy has been sold to arrive at 37s 9d; beyond this we do not hear of any alterations in values: the ordinary trade demand exists for whiskey for the various that are most popular; Burnett’s Old 'Jom is quoted at 12s 9d to 13s; JLKZ Geneva, C and L, 4 gallon contents, is quoted at 17s per case; Red Heart rum is quoted at 26s per case. Woolpacka have had good business, and stocks are not heavy; we quote full size 3s 3d, and threc-quai ters 3s; the season may now be considered over, Cornsacka have increased in value considerably; early in the month holders were firm in demanding 9s 3d per dozen ; tho quotations aro now 9s Cd to 9a 9d ; stocks are not heavy; from the latest Calcutta adrices, cornsacks cannot be laid down here under 9s, Candles have receded in value ; the rise reported last month was not permanent, as far as our market is concerned ; we quote 84a, a.p., for D.R.’s, and 9-Jd for Price’s ; by late adduces we lea-n that the rise is still maintained in the London market. Dried fruits have been well patronised, buyers operating for Christmas trade. in casks are slightly easier; we hear of sales being effected at sid, d.p., for small parcels : cases are quoted at sid. Eleme raisins are in light supply, and the quality* in this market is not of the best description. Sultanas are quoted at BJ'L First-class muscatels and figs are unobtainable; we near that the first shipment of new season s fruit will arrive in a few days from London, via Melbourne. Jordon almonds are al-o scarce, and are commanding a very high price at Home. Salmon (American), best brands are quoted at 8s 3d to Ss Cd, Lobsters, 9s. Tho rise in sardines is still maintained, and 9s Cd is quoted for halves and 6s for quarters Kerosene oil is in light supply, a*d the demand is limited at this season; from stock sales of over-test oils have been made at Is lOdand 2s; parcels to arrive have been placed at Is 9d ; Colza boiled and raw oils aro overstocked, as also white lead of every description ; boiled castor oil is in good supply, end sales have been made at 4s per Galvanised iron has had a speculative inquiry; early m the month sales from stock and to arrive were made at 23s and 23s 5d ; some holders w ere wise enough to store and await an advance, and have been rewarded by iron jumping up to £25 per ton for six to eight Jeet ' 2O gauge, and some holders are not inclined to quit at this quotation; we quite expect to see prices higher ; stocks are in a few hands, and shipments from London, advised, are considerably under the monthly average; a parcel of Scotch iron has been sold at £23, but We understand it has not turned out satisfactorily. Fencing wire ia also Arm and in light supply; sales of No. G and 7 have been made at Ll 5 and Ll 5 10s in trade lots, several parcels to arrive having been quoted at a shade under these quotations. Barbed fencing wire is in good demand, particularly 4-barbed lowa and Dominion brands, which aro quoted at L 55 to L6O per reel; 2-barb is in good supply, and quoted at L 55 1(K Wire mils are low in stock, and parcels to arrive are easily effected at 20s to 21s for assorted parcels. White lead is glutted in this market. Colonial Produce.—Flour is very unsettled o > account of keen competition ; from Southern markets quotations are LlO 5* f.o. b. Oats are quoted at 2s to 2s Cd ; oatmeal, Lll: bran, L 4.

Messrs Charles Pownall and Co., scriveners, report the money market unchanged, rates of interest continuing to rule from 6 to 7 per cent. Without any excessive amount of capital offering for mortgage investment, and a contracted demand, the transactions of importance that have been negotiated during the preceding month are very limited, SHARE REPORT. Although the share market has he m quiet during the last month, prices have nob materially receded ; we may look for reduction in those stocks which have another market than New Zealand, as money is becoming firmer in Australia, meantime rates here are unaltered. Several new Companies aro announced, which present a reasonable outlet for Investors. STOCKS, SHARES. &c. 2nd Dec., 1881.

COMIMNIES. - a. K Quotations, •n , •2 p. 5 *» ! o s S < j= This month. Last month. T3 g 3 a I5| BANKS, £ s. d. £ s. d. £ £ 3. (1. land £10 23 0 0 *24 5 0 15 N.Z 70s. 4 0 0 4 2 0 7 6 2 6 N.Z. .. . INSURANCE. £2 2 7 0 2 S C 6 5 9 0 £2 4 10 4 3 0 15 7 2 2 National ot N.Z [Os. I 13 0 *1 14 6 20 7 11 6 I5s.{ 0 16 C 0 10 9 7 3 0 £2 2 IT 0 3 5 0 io 15s. 14 0 15 0 10 6 5 0 Colonial of N.Z. MISCELLANEOUS. N.Z.L. and Mi. 10s, 0 13 6 0 13 9 10 7 8 6 Co.. Ld. National Mort 50s. 6 3 0 6 3 0 15 6 2 0 gage & Agency <.‘o, Ld, .. Union Steamship £1 19 0 19 6 10 5 15 7 Company, Ltd. £10 11 10 0 11 15 0 3 Co. Ld Wellington Gas t o., Ld. First £5 5 16 0 5 17 6 10 issue ,. WeUiogtonTru«t, Loan. and In£10 13 2 6 1215 0 13 10 3 vestmt. Co. Ld. Equitable Build£5 5 11 0 6 11 0 3 7 14 ». ent Co. Wellington Land & Building Co. £5 70s. S 7 6 5 7 6 8 T 3 10 Cum div.