COMMERCIAL CABLEGRAMS.

Otago Witness, Issue 2408, 26 April 1900, Page 15

COMMERCIAL CABLEGRAMS.

LONDON, April 20.

The Bank of England returns show the reserve to be £20,365,000, and coin and bullion £30,242,000. The percentage of reserve to liabilities is 42.12. The notes in circulation total £29,326,000; public deposits, £8,726,000; other deposits, £39,448,000; Government securities, £14,146,000; other securities, £31,604,000.

Three months' bills are discounted at 4 3-16 per cent.

Consols, £101.

Quotations for colonial Government stocks are subjoined, compared with those ruling at the dose of last week,; —

Arjril 13. April 20. New South Wales 4'a .. .. 116 l , 1161 New South "Wales 3-i's .. .. lOi 104 New South Wales 3's .. .. 99 J 96| Victoria. 4' s 111| 111^ Victoria 3^'s 10 i? 10i| South Australia 3Vs .. .. 107 107 South Australia 3's 94£ 94J Queensland 4's 11l 111 Queensland 3J's .. .. „. 105 105 New Zealand 4's 110 110 ! New Zealand 3J's 106 106 New Zealand 3's ....... 96| 96£ Westraha 3J's 102| 102J Tasmania 3J's 105 105 The American visible wheat supply is estimated at 75,540,000 bushels. j The wheat markets are quiet. The Con- ' tinental market is firm, and English and American a shade easier. Sugar is quiet. Java, 12s 9d ; German, ' 10s 6d. Copp.er is .steady. Spot, £78 7s 6d ; three months, £77 10s. Tin is weaker. Spot, JB140 ; three months, £138 15s. | Pig iron, 755. Lead, £17. Spelter, £22 12s. 6d. The Bradford wool market is improving. Common sixties", 25d ; super, unquoted. Butter is quiet. Choicest colonial is scarce at 92s to 94s (a few lots at 965) ; j secondary (dull), 84s to 90s ; Danish (firm), 106s. Cheese is firm. Canadian, 61s to 635. Babbits are dull at 8d to B£d. Stocks are heavy. April 22. The Orient Steamship Company report that the balance sheet shows a profit of £92,438; carried to reserve, £76,669. A dividend of 3 per cent, is declared, and £1776 carried forward. Frozen Meat. — Mutton : Crossbred wethers and maiden ewes — Canterbury, of d ; Dunedin and Southland, 3|d ; North Island, 3£d ; River Plate crossbred or i merino wethers — heavy, 3^d ; light, 3|d. I Lamb : Prime Canterbury, sd ; fair average, including Dunedin, Southland, Wei- 1 lington, and secondary Canterbury, 4|d. j Beef : Forequarters, 3d ; hindquarters, 3£d. DTJNEDIN MARKETS. WHOLESALE PRODUCE REPORTS. Mr J. Fleming, Princes street south, reports under date the 24th inst. :—: — i Wheat per bushel. per ton ! Best milling ... 2/6 Barley dust ... 60/0 ■ Medium do 2/2 to 2/3 Oaten hay 5-76-57/(5 , Fowls' ... 1/9-2/0 . Oatmeal, in 25's 220/0 ', Milling oats ... 2/0 Oaten chaff .4 40/0— 50,0 ! Teed oats 1/P— l/10 Ryegrass hay ... 60/0 j Malt barley 3/0-3/3 Straw 20/0 Yeed barley 1/9-2/0 Pearl barley ... S2O/0 Cape barley ... 3/0 Onions . 3/6cwfc Maize ..., ... 3/(3 per lb. per ton. Rolled bacon ... 6s<i Hour, in 200's .-,. J3O/0 Side bacon -... 7d j Flour, in 50's ...140/0 Smoked hams ... 0/8, Pollard 80/0 Cheese ... 4Vd to 5d Bran • ... 60/0 Good salt butter, 6d to, 6d, according to quality' Potatoes : Local, £1 lOs to £1 15 a per ton ; Oamaru Derwents, £2 to £2 ss, accoiding to quality. Potatoes plentiful. < FAIUI AND DAIRY PRODUCE. Messrs Irvine and Stevenson, George street, report ■paying for produce during the week ending the 24th inst. as follows :— Bacon (roll), 6UI p. lb Fresh butter, Bd, 9d, Ham, 7id p. lb and lOd p. lb Fresh eggs, Is 7d doz Salt Butter— Notbuying Fresh butter, good ordinary (in lib and Jib prints), 6d to 7d per lb. Pigs, 1201b to 1601b, 3£d per lb. Fowls, 2s to 2s 91 pair. Duck?, 3s to 5s pair Geese, 4s to 6s. Turkeys, 4Jd per lb. THE MEAT MARKET. NAPIER, April 19. Messrs Nelson Bros, have received the following cable from the C. C. and D. Company, London: "There is a slight improvement in the frozen meat market. To-day's quotations are: Best' Canterbury mutton 3|d, best Dun- | edin and Southland 3|d, best Napier and North Island 3id. Lamb: First quality sd, second quality 4-Jd." INVERCARGILL PRODUCE MARKET. INVERCARGILL, April 20. The Grain Biokers' Association report: — The oat market is quiet. Nominal prices : A grade, 2& ; B grade, Is Hid; C giade, Is lid. Some sales have been made at these figures, i but owing to shipping difficulties scarcely anything is being done. The weather has bean good for harvest work, biit sharp, drying winds are desiderated. A good deal of crop is still out. GRAIN AND PRODUCE REPORTS. Messrs Dalgety and Co. (Limited) report having held their usual weekly auction sale on Monday, when the attendance of buyers was fairly good. Oats.— We offered a small catalogue of medium to good oats, but owing to want of competition had to pass in file onost of ths lots. .We quote: Milling (Sutherlands), Is J 10id to Is lid ; good to best feed, only saleable ! in small lots at from Is 8d to Is 9cl; fair to A medium, Is 7|d to Is 8d (sacks extra). Wheat.— Prime milling still omeets with a

steady demand at late rates, which are : Prime velvet and Tuscan, 2s 5d to 2s 6d; red~eorta, 2s sd; medium and second class, 2s 2d to 2a 3d; fowl feed— good whole, 2s; broken and inferior, Is 9d to Is lOd (sacks in). Potatoes. — The market at present is overstocked, and sales are difficult to effect at a reduction on last week's rates. Prime Derwents, 37s 6d to JC2. -

Chaff.— Supplies to hand this morning are very heavy, and prices have in consequent eased. Prims brings from £2 15s to £3; good£2 12s (3d; medium and inferior, £2 2s 6d ta £2 lQs.

Messrs Donald Reid and Co. (Limited) report that pnce3 ruled as follows at their auction, sale on Monday: — Oats. — Only a small catalogue of medium feed oats offered. There was a small attendance of_ buyers, and, as competition was weak most of the lots on offer were passed in. We quote: Prime milling, Is lOd to Is lid; <*oo(J to best feed, Is 8d to Is 9d ; medium and inferior, Is 7cl to Is 8d per bushel (sacks extra) Wheat.— Prime milling samples of all sorts are m good request, and sought after at lata values; if anything, prices are hardening a little. Medium and fowl wbeat are in slightly better demand at values fully up to those lately ruling. We quote: Prime milling, '2s 5d to 2s 6Jd; medium, 2s 2d to 2s 4d; whole fowl •wheat, Is lid to 2s ; etc., Is 9d to la lOd per bushel (sacks' in). Potatoes.— The market is- fully supplied, and prices have declined from 5s to 7s 6d per too. on late values. We quote: Best Derwents, 37s 6d tc £2; cithers, 33s' 6d to 35s per ton (sacka in;.

Chaff.— The market is fully supplied, and only prime chaff inquired for, .medium and light not being so keenly sought after. Prime oaten sheaf sold at up to £3; good, £2 123 6d to £2 17s 6d; medium, light, and discoloured lots, £2 to £2 10s per ton (sacks extia).

Messrs A. Moritzson and Co. report having held their usua] weekly sale of grain and produce on Monday morning. " There was a fair attendance of buyers, but competition was dull.

Oats. — In the absence of any outside demand the market remains quiet. Best feed are worth. Is 9d; medium and inferior, Is 3d to Is 8d; milling, Is lOd to Is lid per bushel.. Wheat. — All lines of prime milling are readily, placed from 23 5d to 2s 6£d ; other sorts, >howver, have no attention; fowl wheat, Is 104 to 2s per bushel.

Potatoes. — Supplies coming forward hava been heavy, which has caused the market to give way. To-day best Derwents sold from. £2 to £2 ss; medium, £1 15s to £1 17s 6d per ton.

Chaff. — A considerable quantity being offered, prices have receded quite 5s per ton. We sole! best oaten from £2 12s 6d to £2 17s 6d ; inedram,

£2 to £2 10s per ton,

PROPERTY SALE,

The Perpetual Trustees, Estate, and Agency Company held an auction sale yesterday oi corporation 21 years' building leases, being subdivision of sections 3 and 4, block VI, town district (Carisbrook). In all 19 allotments were offered, and of these eight were bought by the present tenants at the upsets. The otheis were passed in. The following are the particulars of the -sections sold: — Allotment 1, 1r 18p, Mrs M'Beath, rental £10, "valuation ior improvemeiii/S, £750; allotment 2, lr 9.9p, Mrs G-. Howarth, rental £11 ss, improvements £700; allotment 3, lr 11.28p, Mrs M'Kinley, rental £12 10s, improvements £505; allotment 13, lr 9p, Mrs Joseph Hatton, rental £12, improvements £900; allotment 16, lr 3.32p, Mr Colin Allan, rental £12, improvements £600 ; allotment 17, lr, Mrs 3 . B. Low, rental £8, improvements £775; allotment 53, 38.4p ; Mrs A. B. Thompson, rental £5 ss, .improvements £290; allotment 57, lr Bp, Mr J. Robinson, rental £8, improvements £290.

HIDES, FAT, AND TALLOW.

Maclean and Co. report having held their usual weekly sales of hides, fat, and tallow at' their sto *es yesterday afternoon, when they submitted a fairly large catalogue. The trade^waa well represented, and under keen bidding all lots were cleared at the following rates: — Ox: hides (701b to 801b), 4Jd to 41d; ox hides (50lb to 601b), 4|d to 4gd; others, up to 4d; cowhides (451b to 511b), 4d to 4Jd; calfskins, la 9d to 2s Id each; rough fat— best 12s to 13a 9d, medium 10s to lls 6d; tallow — best 15a to 16s 3d, medium to good lls to 13s 6d.

■WAIMEA ESTATE,

Messrs Wright, Stephenson, and Co. report having sold to Mr Peter M'Leod, of Islay Downs, Morrisons, the following blocks of land on the New Zealand Agricultural Com'"pany's Waimea estate, containing in all | 11,14 1 a 3i- 29p:— Blocks Ito IV, grouped on. the company's 1899 sale plan, tussock courttry, agricultural and- pastoral land, comprising; 3182 a2r 15p, with Government leasehold A of 3336 acres; block V, tussock countiy, agriculr tural and pastoral land, containing 1145 a3r 37p ; block VI, tussock country, agricultural and pastoral land,, say 995 a3r 0.6p ; block XVII, containing 2503 a3r 0.6p, agricultural and pastoral land, about 300 acres in old English grass, < with Government leasehold C of 410 acres; and block XVIII, containing 3017 a Or 0.5p, agricultural and pastoral land, about 400 aci'es in English grass, with- Government leaseholds D, E, and F, of IT9O acres. These lands form part of "the Croydoii and Wantwood subdivisions of the Waimea estate, and ara situated near Gore: • ....

TOI TOIS ESTATE.

Messrs "Wright, Stephenson, and Co. report as follows: — On account of Mr W. Gordon. Rich,, we offered his famous Toi Tois estate, near Fortrose, subdivided into four farms, at our sale rooms, the Crescent, Invercargill, on Saturday, 21st inst. There was an excellent attendance at the sale, and good competition, for the different farnis, each one of -which rea*« liaed prices considerably in. advance of the ua*

sets, as will be seen from the list subjoined. IMr Rich's property contains 1819 acres, and ds admittedly one of the finest grazing properties in the -whole of Southland, besides being ihard to excel for the production of root and givam crops. The Bale of the property renders aiecessary the dispersion of Mr Rich's magnificent flock of crossbred sheep, and the herd of )beautifully-bred cattle, together with horses, {implements, etc., and the sale has been fixed jfor Wednesday, 2nd l\lay., The following is a full account of the sale of the property: — ' Xiot 1 : Homestead block, containing about 938 jßei'es, beautifully situated, and one of the best land prettiest properties in Southland. It is subidrnded into 14 paddocks, about 75 acres turaiips, 40 acres bush, balance English grass. The buildings are — Homestead of 15 i-ooras, situated in a clump of natural foush; woolshed for four shearers, stables, cowshed, coachhouse, etc., etc. Upset price, £G 5s Tper acre. — To Mr W. R. Baird, Lochiel, at £7 55s per acre. 1 Lot 2 : About 219 acres ; about 80 acres bush, balance English grass. Subdivided into two -paddocks. Upset price, £4 10s per acre. — To Sir Henry J. Middleton, Portrose, at £5 per sicre.

Lot 3: About 229 acres; about 35 acres turjnips, balance English grass and under cultlfvation. Subdivided into two paddocks. TTp.'tset price, £4 10s per acre. — To Mr Henry J. IMiddleton, Fortrose, at £5 per acre. - liot 4: About 433 acres; about 85 acres turnips, balance English grass and under cultivation. 'Subdivided into -five paddocks. There is a seven-roomed house and .stable on this block. Upset price, £4 per acre. — To Mr Angus M'Keill, at £4 18s per acre.

DUNEDIN HOUSE SALBYAEDS. Weekly Eeport.

Messrs "Wright, Stephenson, and Co. report ,; its follows : — There was a very satisf actoiy turnout of hoises for our weekly sale on Saturday, jdacks and harness horses predominating, and as there was a full muster of buyers, good ■business was done both under the hammer and privately afterwards. In draugh+s ths following were the principal sales: — A first-class five-year-old mare at £51 ; another at £46 ; two very heavy six-year-old geldings privately at Sit and £48 respectively ; and three seven-year-old heavy cart horses at £SS to £41, and sovexal aged mares and geldings at from £25 to .£32. Good remounts for South Africa were in great request, and every suitable horse forward changed hands at from £16 to £22. For Teally first-class remounts, five to eight years old, buyers are- prepared to stretch on these jirices to get what they require immediately. Consignments of this class of horse and also ■of strong, tried, upstanding harness horses are recommended for next Saturday's aale. We isold 25 hacks and harness horses to-day at quoHations. We quote: Superior young draught geJdings, £40 'to £45 ; extra good, prize horses, £46 to £50 ; medium <Jraught mares and geldings, £30 to iS3B, aged do, £20 to £27; upstanding carriage lorses, £25 to £30; well-matched carriage pairs, t£so to £60; strong spring-van horses, £22 to ,;£2B; milk cart and butchers' order cart hoises, ;Sls to £20; tram horses, £8 to £12; light hacks, to £10; extra good do, £15 to £25; weedy and aged hacks and harness horses, £2 to £5.

PROPEKTY SALES

• There was a good attendance of bidders at MeEsrs Park, Eeynolds, and' Co.'s aiiction icoms on Saturday, when allotments 3 and 4, j .subdivision of allotment 1, block 111, Bathgate load, were sold. Allotment 4, together with a ■iour-roomed cottage, was sold to Mr J. Tait iov the sum of JS27O. The other sections which "were vaoant were sold for £64. - At Messrs James Samson and Co.'s rooms ..on Saturday section 32, adjoining the Masonic Hall, Port Chalmers, was sold by auction, Mr John Mill being the purchaser at £56. THE LABOUR MARKET. • John Skene and Son report under date April 24--— We are in full swing at present, engaging' ploughmen and general farm and station 'workers. Tip-top men can always get a real -good wage, 20s to 22s 6d, and often 255. The demand for good, useful lads (milkers) is as strong as ever. We offer 12s 6d to 17s 6d, but } cannot supply the demand. A few couples at iroin'£6s to £75 are moving oil, also trappers, shepherds, grooms, and milkers ; boys for town -work at 15s and 20s ; mill hands 9d per hour and found.