COMMERCIAL TELEGRAMS.

Otago Witness, Issue 2239, 28 January 1897, Page 18

COMMERCIAL TELEGRAMS.

London. Jannary 20. The total quantity of wheat and flour afloat for the United Kingdom is 2,820,000 quarters, and for the Continent 970,000 quarters. The American visible wheat supply is estimated at 71,600,000 bushels. j Tallow is unchanged. January 21. Tenders were opened to-day for tha Western Australian Land Company's loan of L 1,100,000, 100,000 at 3 per cent. A total of LZ.330.000 was offered, at an average of about 2s per cent, premium. ' The Bank of Eogland'a rate of discount has been reduced to 3£ per cent 1 January 22. The Bank of England reserve amounts to £27,450.000, the proportion of reserve to liabilities being 5214 per cent. Three months' bills, 23 per cent. Consols', 112}. Quotations for colonial stocks : —

Mutton : First quality, 3£d ; second quality, 2Jd. Hemp unchanged. Cheese very firm. New Zealand, 535. Butter weaker. Colonial, 9.3s to 102s; Danish lowered three kroner, .to 975. The English wheat market is quiet, and steady, Continental inactive, and American changing a little for the worse. Californian No. 1 roilHns; for ea»ly shipment, 35s 6d (c.i.f.); Russian cargoes, 3'Js. London quotations : No. 1 hard Dulrrtb. 35a 9d. Colonial oata : Fine quality, 25s ; common sorts, 21s. Colonial beans, 32s 6d. Sugar dull. German beet, 9s 3d ; Java, 11s 4Jd. Iron, 48s 3d. The Bradford wool market is slack. i Rafcbits, flat, B*ih Experts report that Victorian linseed and sunflower oils are of excellent quality. The former is worth £16 10a per ton, the latter j£l7 ; linseed cake, good, £6". The average of the Western Australian Land Company's loan was £98 3s lid. SALE OF CLYDESDALE STALLIONS. Messrs "Wrighj, Stephenson, and, Co. report having made the following- private rates to Messrs Rea and Trestrail, of Melbourne : — On account of Mr William. Macphereou x (Woodside), the bay Lorse R»rl of Fife, a noted prizetaker, having ' carried off the championships at the T»ieri» Tokomairiro, and Clntha shows ; sire Laird of Kilbrid« (179 "New Zealand Stud Book"); dam Darling, by Napoleon 111, bred by the late John Nimmo ; g dam Kate, by Black Champion, <&c. On account of Mr Robert Campbell (Auchmore), the brown horse BreadalbaDe ; aire Marquis of Lome, g sire Sir William Wallace gg sire Kettle's Wallace (imported) ; dam Marquis mare, g dam Napoleou mare, gg dam by the late J, B. Blair's Champion.

DUNEDIN MARKETS. . .WHOLKSAI^k 'PRODUCE REPORTS. ' Mr J. Fleming, Princes street south, reports under, datie the 26th inst :—: — Wheat per onshcL { - per ton • BestmUliiiK 4/3—4/6 Oaten hay ... 60/0 Medium do 4/o—4/3 j Oatmeal, in 25's 240/0 Fowls' 3/9—4/0 I Oaten chaff 40/o—so/0 Milling oats 2/1 Ryegrass hay .... 55/0 Feed oats 1/10 -l/ll Straw 25/0 Malt barley 3/3—3/6 Pearl barley ...240/0 Feed barley 2/o—2/3. per cwt. Cape barley ... 3/0 Onion? .„ ... 8/0 Maize 3/3—3/0 per lb. per ton. i Rolled bacon ... 0/i} ¥lour, iv 200"b ... 230/0-j Side bacon ... 0/6 Flour, in 60's ... 240/0 j Smoked hams ... 0/7J Pollard 90/0 ! Cheese ... 0/4-0/1* Bran ... ... 70/0 Good salt butter, Barley dust ... 70/0 6Jd to 7d per lb, according to quality. New kidney potatoes, i» to 6s per tytt. Imported potatoes, 3s to 3s lOd per cwt. Market glutted with inferior potatoes this week,- - . FARSI AND DAIRY PRODUCE. Messrs Irvine and Stevenson, George street, report paying for produce during the week ending the 26th inst. as follows :—: — Bacon (roll), 6d p. lb Fresh butter, 9d p Ah Hams, 7d p. lb Salt butter, 6d p. lb Fresh pggs, lid doz Fresh butter, good ordinary (in lib aud Jib prints), 5d to 8d p. lb. GRAIN AND PRODUCE MARKET. Messrs Donald Reid and Co. report that prices ruled as under at their auction sale on Monday : — Oats.— The demand is somewhat quieter., and buyers have experienced little difficulty inialfiling their orders at late quotations. We quote : Prime milling, Is lljd to 2s ; good to beat feed, Is lid to Is lljd ; medium, Is 9(1 to Is lOJ-d per bushel (sacks extra). Wheat. —No change to report. We offered only fowl wheat, which sold at 2s 4d to 4.3 2d per bushel (3arks in). Barley.— There is little inquiry for malting at this season, but ether sorts are in more favour. We quote : Prime malting, 3* to 3s 6d ; medium, 2* 6d to 2s lOd ; feed and milling, 2s to 2s 6d per bushel (sacks extra). Potatoes — Tha market has been poorly supplied, and values have advanced slightly. To-day we sold good kidneys at £7 12s b'd, and medium at £i 2i 6 1 per ton (sacks in). Chaff. - A fair supply forward to-day. We submitted about 40 tone, which met with fair competition, and were cleaied at £2 10s to £2. 12* 6d per ton (bags extra). , The Mutual Agency Company of New Zealand (Limited] report that pricey uled asunder at their weekly auction sale on Monday :— Oats.— Competition was slow and the attendance not quite- up to the usual. We sold, under th 1 * hammer, as follows :— Good feed, Is lOJd ; inferior. Is Id to Is 7Jd ; and, privately, during la&t week, prime milling at &*.■ Wheat.— We had none on offer, but have made one or two private sales at late quotations. Potatoes.— One small lot offered and sold at £7 7s 6d. Chaff.— Market dull and prices inclined to : ease a little. We could not selL any at auction. ' , The Farmers' Agency Company (Limited) held their weekly grain nale on Monday, and offered a fair catalogue. 601 sacks feed oats sold at Is 9d to Is lid ; a small lino of extra dressed milling, at 2s 2d ; 142 sacks barley, at 2s 9d to 3s ; prime oaten chaff at £2 10s to £1 12<? 6d ; medium do, at £2 5* to £2756 d; a line of northern onions, at £5 ; fowls' wheat at 3s 5d to 4s 61. DUNEDIN HOllSit SALEYARDS. Weekly Report. Messrs Wright, Stephenso.v, and Co. report as followe :— At Saturday's pale the»e was a Rood attendance of buyers and a Urge number of horses forward. The chief attraction was a shipment of draught mares and geldings, offered on account of Meesri Rea and Trestrail (Melbourne). These horses were nil in splendid condition, and bidding for the younger one? was brisk, although some of the j oMer animals were not very easily disposed of. I One nice filly by Herd Laddie hrought £35 The , younger mare? and geldings £27 to £31, and the other* £20 to £25. Besides thfse were some very useful young animals belonging to different vendors, and they were well competed for, arid ) brought goo \ values. Draughts of inferior quality did not command much attention, aud the business done with them was limited. The springcarfcurs forward were for the most part of inferior quality. Although there are always a few of this sort selling, the demand is mostly for young, active sorts, which always meet with a Kood riemasd and ready sale when they ara forthcoming. Among the hacks and light harness horses were some very nice stylish animals. For these there is always a good inquiry, but inferior and ageil ones are hard to dispose of. We quote : First-class heavy young draughts at from £30 to £35 (extra heavy a pound or two more) ; medium, £22 to £27; aged, £15 to £20; Rood hanks and strong carriage horaes £15 to £20 ; sprine-carb sorts, £11 to £15 ; light hacks, £7 to £10 ; inferior, £2 to £5. THE LABOUR MARKET. Mr Skene reports under date January 26 :— The whole talk now is about harvest and harvest work, and the old story is being repeated— uien wandering like lost sheep on the chance of a- bit of harvesting. Me a who take fixed billets make the be3t cheques — harvest is so short. .There ia a steady demand for farm people, but milking is all the cry. Town work is healthy, and the jolly lumpers have had a bit of luck, and hope for more. The building trnde is still pegging away, and in good heart. Wages all round are fair, but be times what they may we are bound to have a few growlers.

Price. ■ Variations i compared with last week 4XN.S.W 3J % N.S.W 3 % N S.W 4 % Victorian 3J % Victorian . v 4 % South Australian 31 % Sonth Australian 4 % Queensland ... 3J % Queensland ... 3J '/, Tasmanian 31 % West Australian 4 X New Zealand ... 3J % New Zealand ... -I i '"! £ a. d.j 120 0 0 35s higher 108 10 0 ]5j higher 102 0 0 ' 15s higher 112 0 0 20* higher 104 IS 0 , 5s higher 113 5 0 15i higher 112 0 0 ! 53 higher 113 5 0 53 higher 105 5 0, 5i higher 107 0 0 j 15s higher 110 15 0 5a lower 114 5 0 15s higher 105 10 0 ! 5a higher lfi'l It: n £„ u;™u«.