COMMERCIAL.

Otago Daily Times, Issue 10674, 14 December 1896, Page 1

COMMERCIAL.

Daily Times Office, Saturday evening, j The amount of customs revenue received to-day i Bii goods cleared for consumption was £3!U 18s Cd. j The improvement in trade which we have pre- j viously reported continues, and business in the .

import market during the past week has been very fair. The tone ot the'market is very hopeful; values generally are firm with an upward tendency, and altogether prospects are brightening. The country trade has been very good during the week, more so than the town trade, but the former is a little in advance of the latter in laying in supplies for Christinas requirements. As to be expected, there is a considerable business doing in fruits, an'fi holders have no difficulty whatever in doing business at their quotations, which; are: For ciifftthts, 4d.per.lb: sultanas, s}d per lb; and valencias, s|d' per lb. Stocks have been replenished by transhipnient3 via Australia, as well as by direct shipments by the Matatua. But notwithstanding these, supI plies on hand are not by any means heavy, and the market is consequently quite.firm. Figs are selling in lib boxes at 6s to fis fid per doz. .Layers are costing very much higher than - previously, i and holders are asking 7hd per lbi There is not i much doing in fish beyobil. filling requirements at our last quotations. As to be expected at this season, there is a fair demand for bottled ales, confined, however, to the leading brands which have established themselves as' '■■> favourites ig the markets. These are selling at agenta' list prices. Candles are quiet, and the best brands'of imported ] aieselling at 6Jd per lb, »*As mentioned :m our previous report, local manufacturer^ have reduced their rates. There is a little business passing in hops. ■ Nelsons are selli&;jon spotstlljd'per lb. The Nelaon market has been cleared of, all' stocks of prime quality Cable sidvicsa ;have been received from San Francisco of an exceptional advance in Californian hops, arid holders of these now do not quote less than Is 6d per lb, either on spot or to arrive ■ .'A few bales of prime Kents are in the market and are offering at 2s per lb Advices have been received from Japan that the new season's rice is-in .the market there and is selling at comparatively high rates. On spot here business is doing at i.20 10s to £21 per ton. There has • been a slight reaction in Calcutta in the Patna rice market.) Sales are made here at £21 per ton. Tliere> i» a little lull in the sugar market at the1 moment and it is not quite so firm as it was. TUe market is kept fuliy supplied with various descriptions, and shipments of Mauritius are reported on the way. Tue principal local business is in Queenslands, and these are selling quietly at from £16 10a per ton in bond in parcels up to £21 15s and £22 per ten duty paid, according to brand'and quantity Some business is passing in Colonial Sugar Company's sugar, the price of which' remaias at £16 per ton in bond (f.0.b., Auckland).' In the bagging market there is some business passing in woolpacks. It is just getting: towards the.close of the season and importers-nowUiave an.' opportunity of quitting their stocks to fill up consumers' additional requirements over their bwu importations. The current price for trade lots is Is b'd per pack, parcels a shade less. Trade in iron and hardware lines steadily improves and values generally show a disposition to harden. Galvanised iron is selling at from £18 per ton npwards , Fencing wire is firm at £9 to £9 10s par ton (usual extras). Barbed wire is selling, according to quantity, at from £13 to £14 per ton. An advance has been established in cement, and j there is now considerable.tiemand for it at present and stocks are. not heavy »;.S»lesare passing at 13s 6d to 14s per barrel, according to quantity. Oils are firm. Kerosene is selling quite freely at ; Is 5d per" gallon in trade lots. Raw and boiled linseed oils are taken up at 3s Id and 3s 2d per ! gallon, and turpentine at up to 2s 6d per gallon. Castor oil is very firm and recent advances are • fully maintained. Sales of trade lots are made] at 3s 6d per gallon. . ~ i. v ;. | ■' : • «■ ' I •■ .■■■•■.:,. I

COMMERCIAL TELEGRAMS. ]

. ' ..•:.-.:■■. London, December 10. ' The Bank of England returns, published to-Uay, | show the total reserve in notes and bullion to be £26,610,000, the proportion of, reserve to liabilities being.s4'lo. . .'. "'. ■•• • Three months' bills are discounted at 3 per < cent. ' " . : ' " ■ •' ' j . Consols, llli. -'.;.'..! Quotations for colonial stocks:— ,■ .. '■ I

New Zealand hemp is steady. Wellington, fair j quality, is quoted at £16. j New Zealand frozen mutton: First quality, | 3id ; sscond quality, 2gd ; lamb, 3gd. I The English wheat market is quiet, with an | ißclinatiou to weakness ;, Continental shows a | general decline: American declining and weak. I Colonial oata : Fine quality, 25s ; common sorts, 29s 6d. r | JGeans, 3Ss, The sugar market is slow. German beet, 9s ; i Java, 11s 9d. i No. 1 best Scotch pig iron (f.o.b. in the Clyde), | ; The butter market is stead)', with price? Un- ' changed. The Aotca's cheese (old make) is \ realising 42s to Us ; new, 4Sa to 50i. ' , j

DUNEDIN BROKICRS' ASSOCIATION

Saturday's Quotations. Members: ' ■ ' Barr, Leary, & Co. Wilfrid Vivian. J. A. Chapman J. & W. Gagr John Logan Quick & Smith

DUNEDIN HORSE SALEYARDS; |

'"•■ .'■ ■ Weekly Report. . , : j Messrs Wright, Stepiienson,'and'Co. report ! as follows:— ! At' Saturday's sale there was' a good entry of i horses—mostly hacks and light harness horse-. | The uttendance of buyera'wasalso good, arid bid- 1 ding for all classes of animats showing any quality \ was brisk. Draughts were only'fairly well repre- j sented, with the exception of one or two couutrv horses; the rest of those offered were of medium quality: 'The deniand for young sound sorts was j good, and a number of inquiries, were made for ; animals of this descriptfon. Had there been a ; few .more forthcoming we are f confident: that i they would have found new; owners at good \ prices. Spring cart and spring van horses when < showing any quality are much sought aft»r, and consignments of these would'sell'well. Amcne the hacks and light harness class there we; o a number, of : stylish, weJl-bred ' sorh. Moir, of these changed hands at satisfactory prices: The inquiry for iuferior horses of this.class is very limited. ,We quote: First-class heavy young draughts at from £28 to £33; medium,£2o to £25; aged, £15 to £19; good' hacks and';strong i carriage horses, £15 to £20; • apring cart sorts, ] £11 to £15; light hacks, £7-to .£10; inferior, • £2to£s. "■ ' ... '' .. .''■' '.■■. ■'. ■'■"■^...r -■ •■". -.-■.;■' |

-■ " 'Price. Variations compared . with last week. 4%N.S.W. .. 3i % N.S.W. 3"%N.S.W 4% Victorian 3£% Victorian ,4 % South Australian ... 3} % South' Australian ... 4 % Queehsland; , 3i V. Queensland •3i 7. Tasmanian 3i '/. West Australian ... 4 % New .Zealand 31 % r NeS7Zealand ... . ... 3 % New^Kealand £ s. d. 117 5 0 107 ; 5 0 101 0 0 113 5 0 ion oo 112 0 0 110 0 0 111 10 0 105 0 0 108 0 0 110 5 (J 112 0 0 105 0 0 10J 0.0 SS higher 5s higher unchanged 5a higher unchanged unchanged 25a lower 5s higher 5s higher unchanged 15s higher unchanged 5* lower • unchanged

'. „■ ' . .From To Banks : £ a. d. £ e. d. ' National v 1 17 0 1 IS 0 New South Wales ... 34 10 0 35 10 II Union of Australia ... 25 10 0 2!i 10 0 Insurance: , National ..-. .., ... 0 16 9 0 17 0 Neyv, Zealand ... .... 3 6 0 3 S (I South British ... ... '2 G 6 2 7 fi Standard ... 0 15 9 0.18 0 Loan and Agency— National Mortgage .. 0 13 0 9 13 3 Perpetual Trustees . . 0 JO !l I) Jl ."! Trustees and Bxecutors 16 0 16 6 Shipping: New Zealand ShippinR ...' 4 5 0 4 10 0 Union Steam '-... ... SOU S 7 '(> Coal :, | Kaitangata(old) 17 2 0 17 10 0 ! Do (new) 15 0 15 0 Wcijtport ..: ... ... 2 "4 9 a 5 0 j Miscellaneous : I Milburn Cement 0 10 0 0 17 0 I MoBpielWoollen Slit 0 4 0 « | Mornington Tramway ... 0 13 6 0 14 0 | New Zealand Drug (£2 paid) 2 5 0 2 6 0 New Zealand Drug (Ms , paid)' ■■;„■ .., ... 1 12 fl 1 13 0 Otago Daily Times ... 10 7 fi 10 12 6 I lloslyn Tramway . 1 11 0 1 12 0 I Mj.NINU COMl'AKIES : 1 REESTON. I Alpine 0 15 0 0 IB 0 I Big River Extended ...140 1 5 0 i Cumberland ... ... 0 10 0 1 3 i Hercules ... ... ....02 3 I) 2 (i ! Keep-it-Dark ... .... 110 6 111 6 | AUCKLAND. May Queen... 0 8 9 0 9 3 1 l'uru Consolidated ... 0 i li 0 5 0 Talisman ... ... ... 0 IB 6 0 17 S Bunker'sHill ;.. 0 2 3 0 2 i l.'RKDGINO COMPANIKS i Buller 0 7 0 (1 7 « Clyde... ... 60 0 0 65 0 0 Dunedin ... 0 8 0 0 8 6 Enterprise 1 17 0 2 0 0 littrick (vendors) 15 0 17 0 Kttrick (contributing) ... 1 4 0 1 C 0 Golden Gate ... ... 1 11 0 1 14 0 Golden Kun 0 17 fi ; 0 18 6 Golden Treasure ... ..i,. r ai0 0 , 2 12 (J Jutland Flat (vendors) .., ■■ 0 9 0 0 10 0 Do (contributing) ....''D 9 ()■ .0 3' ti Otago .„ 1 0 « 1 1 (i ltoxburgh (vendors) ... 0 11 0 : 0 12 0 Do (contributiiiE) 0 10 8 HUB Sew Hoy Big Beach ... 0 2 0 0 2 6 Upper Waipori (vendors) 0 '3 (i 0 4 0 Do (contributing) 0 3 0 0 3 6 Smiicino Comi-aniks: Moonlight (vendors.) ... 0 17 0 0 17 6 Do (contributing) .0 16 0 .0.16 U Eoxburgh Amalgamated (pSidupJ ... ... ■ ... 0 12 9 -0 18 3 Roxburgh Amalgamated (contributing) 0 12 0 0 12 6 Fasmaman and Australian : Mount Lyell 8 5 0 8 10 0 HerculcB ... ' iO 14 9 0 15 6 Barlem ; ... 0 2.0 0 2 8 Silver Queen 1 « 0 16 6 Oonah 0 7 G 0 8 3 B.-H. Block 10 ... ../, 37 U 3 9 0 B. H. Proprietary .-,2 11 0 2 13 0