COMMERCIAL.

Otago Witness, Issue 1905, 14 August 1890, Page 20

COMMERCIAL.

The New Zealand Loan and Mercantile Agenoy Company (Limited) have received the following cablegram from their London office, dated 6th insfc. •.— Wheat: Market declining, owing to favourable harvest pro»peots. New Zealand wheat— Average is worth 36* 6d and long-berried *7a 6d per 4961b. Messrs Dalgety and 00. have received the following cablegram from their head office, dated London, 7th inst. :— " The tone of the wheat market is very firm. English crop prospects are better, but American and Russian are lesi favourable. Australian cargoes to Channel for orders are quoted 37s 6d, and parcels per sail to London 36s 3d." The New Zealand Loan and Mercantile Agenoy Company (Limited) have received tbe following cablegram from their London office, dated Bth

inst. : — " Tallow : There is a good Continental demand for lower and medium sorts. Beef tallow has advanced 3d per cwt sinoe last report. Frozou meat : Market uuchanged," A new issue of 1000 shares at a premium has been authorised at the annual meeting of the New Zealand Farmers' Co-operative Association of Canterbury. Applications amounting to 5760 shares have been rooeived. By cable, received on Monday, a private firm in Christohurch is advised that a lam« limited liability company in Sydney unnecessarily slaughtered ab auotion Det went potatoes at £3 2s 6d per ton, and ia consequence the market has burst.— Lyttelton Times. Referring to the third series of colonial wool sales, whioh opened on the 24th June in London, and at which ib was estimated 126,900 baleß of New Zealand wool were available, Messrs Dalgety and Co., in their circular of 27th June, state :— " The attendance of buyers was large, but competitiou only moderate at a decline of about 7J to 10 per cent, on merino wools, and 5 per cent, on crossbreds, the fall on some descriptions of merino scoured being in certain caaua even more severe. On Wednesday and yesterday the tone was rather better and more regular, but no improvement in prices was shown, and indeed with the general dullness of trade and thi large quantity available, buyers appear to have tbe market vny muoh in their hands. The only class of wools that so far have not shown any marked decline are the better grades of eroaabredß, for which in some cases fullf April- May rates have been realised." The New Zealand Loan and Mercantile Agenoy Company (Limited) have received the following cablegram from their London office, dated I2th inst :— " The weather is unsettled. Wheat : Market unsettled. New Zealand wheat (f.a q., to arrive, iron ship) is worth (0.i.f .), nominally, 3tfs per 480lb. June-July bill of taciug. New Zealand average is worth 37s and long-berried 38s per 480lb." .