COMMERCIAL CABLEGRAMS.

Otago Witness, Issue 2363, 8 June 1899, Page 15

COMMERCIAL CABLEGRAMS.

LONDON, May 30.

!A cargo of Victorian wheat has been sold (at 28s lOd.

The total quantity of wheat And flour bfloat for the United Kingdom is 3,326,000 quarters, and for the Continent 1,635,000 quarters.

Union Bank 6hares, £29 ; New Zealand Loan and Mercantile Agency Company 4 per cent, prior lien debentures, 94 j others unchanged.

May 30.

'A -cargo of Australian wheat has been Iwld.at 28s 9d. Nine thousand quarters of New Zealand (June shipment) were .old at S7s 3d.

At the tallow, sales 1625 casks were feffered and 1325 sold. Mutton : Pine, 275 ;

medium', 255. BBef :' Fine, 25s '3d i medium, 245.- -' ■ - ■-■•• A consignment of ducks by the steamer •Thermopylae arrived in good condition, and sold at from 2s 6d to 3s. •June 2. The Bank of England returns show that the stock of gold coin and bullion is £^8,050,000,' and the reserve £19,121,000. The proportion of reserve to liabilities is 38.78 -per cent. The notes in circulation total £27>820,000 ; public ~ deposits, £11,481,000} other deposits, £37,702,000; Government securities, £13,368,000 ; other securities, £34,494,000. Three months' bills are discounted at 2£ per cent. Consols, 109|. Quotations for colonial Government stocks are subjoined, compared with those ruling at the close of last week : —

Copper is quiet. Spot, £76 ;' three months, £76. Copper supplies, 19,701 tons ; deliveries, 16,074 tons ; stocks, 30,156 j tons ; advised from Australia, 3050 tons. ; Lead, £14£. Tin is very firm. Spot, £118 12s 6d ; | three months, £119 7s 6d. Stocks, 22,044 | tons ; on spot, 7001 tons "; afloat, 1961 ] tons ; deliveries, 2295 tons. i Iron, 64s lOd. . ' i Tallow.— Stock 17,016 casks ; imports, j 5916 casks ; deliveries, 2842 casks. " I The wheat markets are firm owing to ' more unfavourable reports of American t

crops. Oats are dull. Good New Zealand, 245. Beans and peas are nominally at 32s 6d and 26s 6d. Sugar is dull. German, lls ; Java, 13s. The Bradford wool market is quiet. Common sixties, 24 ' 2 d ; supers, 26d. Rabbits are dull at B£d. Two cargoes of Victorian wheat (Janu-ary-February shipments) were sold at 29s 6d, and 10,000 quarters of New Zealand (June-July shipments) at 27s 6d. The American visible wheat supply is estimated at 39,912,000 bushels. Of kauri gum, 3320 cases were offered and l€oo sold. The demand is quiet, but holders are firm. Silver is quoted at 2s 3gd per ounce.

Two cargoes of Victorian wheat have i been sold af 29s 6d and 29s 3d respectively.' | Frozen i Meat. — .Mutton : Crossbred wether and maiden ewe — Canterburys, 4^d ; Dunedin and Southland are not quoted ; North Island, 3 13-16 d. Lamb : Prime Canterbury, 5 l-12d ; fair average (including Dunedin, Southland, Welling- , ton, and secondary Canterbury), 5 3-16 d. j River Plate crossbred or merino wethers — heavy 3id, light 3 id. The Wool Market. — Arrivals of wool for the fourth series of the London and colonial sales, which open on June 27, total | 357,000 bales, of which 129,000 have been- J forwarded direct to the manufacturers. The j quantity available- at the sales will b& i

Kauri Gum. — The stock is 1340 eases. Hides. — Queensland heavy ox, s£d ; light ox and cow, sd. New South Wales heavy ox, 4f d ; light, 4£d ; cow 4Jd. Basils : Australian strained average B|dj New Zealand lid. Leather. — Australian best heavy, 10^d. THE FROZEN MEAT TRADE. NAPIER, June 1. — Nelson Bros, received the following cable from the CO. and D. Company, London, to-day: — "Frozen Meat Market — To-day's quotations: Best Canterbury, 4id ; Napier and North Island, 31d. Lamb: First quality, s|d; second quality. sid." NEW PLYMOUTH'S EXPORT TRADE. NEW PLYMOUTH, June I.— From September 1, 1898, to May 3L 1899, the value of butter exported from New Plymouth and

Waitara was £322,319, and of cheese £34,993. | The total exports of all produce from January 1 to Alay 31 was £254,939, including frozen meat (£26,946) and wool (£22,118). I SOUTHLAND PRODUCE MARKET. I INVERCARGILL, June 2. ' The oat market is dull, and values are droopI ing. A fair quantity i 3 on offer, but buyers ' have reduced the limit by id to |d on the week. Best feed, ls 2£d; medium, ls 2d (in trucks). The quality of the oats now being delivered is not very good. Wheat, milling, 2s 2d to 2s 3d (on trucks); fowls' wheat, ls 6d to ls Bd. Linseed is scarce, at 4s 9d to ss. Ryegrass, ls 3d to ls 6d for farmers' lots on trucks. i . j THE LONDON MARKETS. ' Th© New Zealand Loan and Mercantile Agency Company (Limited) have received the" following cable from their London office: — i ' Tallcw : There is a good demand. . Tallow . has advanced 6d per cwt. since last report. I Wheat: Cl'.i.f. market. There is an active inquiry, with upward tendency. Spot market inactive. New Zealand wheat : Long-berried i is worth 29s per 4961b; average 28s. Oats:, ■ Market steady." J DUNEDIN MARKETS. | WHOLESALE PRODUCE REPORTS. ~ f . | Mr J. Fleming, Princes street south, reports" i under date the oth inst. :— 1 Wheat per bushel. i per ton •' Bestinilling ... 2/6 > Oaten hay ... ' 60/0 j • Medium do 2/o— 2/3 [ Oatmeal, in 25's leO/0 i Fowls' ... 1/S— 2/0 Oaten chaff 35/0—45/0 > Milling oats ... 1/4 Ryegrass hay 50/o— Bo/0 I Feed oats ... 1/2-1/3 Straw 27/0 ! Malt barley 3/0-3/3 | Pearl barley ... 280/0 . Feed barley 1/9-2/0 Onions ... 4/0 per cwt i Cape barley ... 3/0 per lb. .Maize... ... 3/6 Rolled bacon ... 0/7J per ton. 1 Side bacon ... 0/8 Flour, in 200's ... J 4O/0 [ Smoked hams ... 0/9 Flour, in 50's ... 350/0 Cheese ... 4a to 4}d , Pollard 70/0 Good &alt butter. 6Jdto ! Bran ... ... 50/0 I 7d according to quality j Barley dust ...--60/0 I" ' j Kidney potatoes, £1 7s 61 to £1 12s 6d ! per tou Derwent potatoes, 32* 6d to 403 per ton.* 1 I FARM AND DAIRY PRODUCE. . i Messrs Irvine and StevensoD, George street j report paying for produce during the weekending I the 6th inst. as follows :— ' Bacon (roll), 7id p.' lb i Fresh butter, 9d and I Ham, Bid p. lb ! lOd p. lb j Fresh eggs, Is6d doz j Bait butter, 6£d to 8d Fresh butter, good ordinary (in lib and Jib prints), 7d to 8d per lb. Bacon pigs, 1301b to 1 1701b weight ; special quality, 4Jd. 'Fowls, 2s to £s 6d pair. Ducks, 3s to 4s pair. Geese, 4s to ss. , Turkeys, 4£d per lb. Rabbits, B.i pair. ■

GRAIN AND PRODUCE REPORTS. Messrs Dalgety and Co. (Limited) report havng held their usual weekly auction sale, when ihere was the usual attendance of buyers. Oats. — The demand is barely as strong, but irices for all prime samples remain about the same. Prime milling, Is 4£d to Is 5Jd; good .o beat feed, "Is 34d to Is 44d ; fair to -medium, Ls 3d; inferior, Is 2d to Is 2'd (sacks extra, Wheat. — There is still a. good demand for all prime milling, but second class is neglected and 'a hard 'to sell at anything over fowl-feed prices. Prime velvet, 2s 4d to 2s 6d ; do Tuscan, 2s 3d ;o 2s sd; red sorts, 2s 2d to 2s 3d; fowl feed, jood whole, Is lOd to ls lid ; broken, ls 6d to Ls 9d (sacks in, terms). Potatoes. — The market is overstocked and buyers are not anxious to purchase even at the low rates now ruling. Prirrre Derwents, 30s. r Chaff. — The quantity coming forward' is fully up to requirements and only really prime" quality meets with any inquiry. We quote: — Prime, £2 5s to £2 7s 6d; fair to good, £2 to

Messrs Moritzson and Hopkin report having liefd their usual weekly sale of giain and produce this morning. There was a good attendance of buyers and competition was fairly active. Oats. — These were in good demand, though prices were slightly lower than last week. We sold: Best feed, at Is 3Jd to Is 4d ; medium and inferior, from Is 2d to Is 3d per bushel; milling sorts are worth Is 5d to lfc 5Jd. Wheat. — There is a fair demand for prime samples, but second class^ wheat is completely neglected. Fowl feed is readily placed at quotations. We quote: Prime milling, 2s 3d to 2s Gd; fowl fped, Is lOd to 2a per bushel. Potatoes. — Market glutted, and almost unsaleable. We quote: Prime Northern, SOs to 32s 6d per ton. Chaff. — Prime oaten has a ready sale, but there is a very limited demand for other descriptions. We sold: Best, from £2 5s to £2 10s; and medium, from £1 17s 6d to £2 2s 6d per ton.

Messrs Wright, Stephenson, and Co. report s follows: — At Saturday's sale there was a lir attendance of buyers, but only a small umber of horses of all classes forward. >raught horses were best represented, there eing a few exceptionally good young mares nd geldings, and a fair it -.riber of really good seful horses forward. The demand for this lass of horse is very good, and satisfactory rices were ruling for them. Spring carters fere poorly represented, no really good anilals of this class being forward. The inquiry 3r this stamp of horse is very good, and we an confidently recommend consignments, "here were a few very good hacks forward, 'Inch sold at full values. We quote as follows: — Firat class young raught mares and geldingß at from £45 to SO; good do, £33 to £40; aged, £18 to £30; pstanding spring-cart horses at from £20 to 28; light harness horses at from £15 to £25; ledium, £10 to £15 ; _aged and inferior, £2 to 5. We beg to direct special attention to our nnnal horse fair, wbich takes place on the th and 9th inst. There will be the finest dislav of draught stock that has ever been Been

in Dunedin. The entries now number 170, so the sale will start each day at 9.30 a.m. sharp. The draught -horses will be sold on the Bth, and the light horses on the 9th (see advt.). ,

STew South Wales 4's New South Wales 3J's New South Wales 3's Victoria 4's Victoria 3J's South Australia 3J's *. 3onth Australia 3's ■>.. Queensland 4's i. Queensland 3J's .^ New Zealand 4's ». New Zealand 3J's .. New Zealand 3'a „ Westralia 3Vs- '. . fasmania 3J's A3 aay 26 120 106J 101 114-, 107 108 95i 113 107 113| 108| 96J 105 107. 6. June 119£ 106 100| 113J 107J 108 .95| 113 107 113J 109 96| 105 107