COMMERCIAL.

Star (Christchurch), Issue 5409, 9 November 1895, Page 6

COMMERCIAL.

[Special to Press Association.] LONDON, Nov. 7. Butter has collapsed owing to retailers buying margarine mixtures. Danish is about 1203, colonial nominally 1153 to 120 a. The Maori's cattle are being killed. Generally speaking, tbo animals are poor and, in some cases, are very much wasted. Some of the cows are bringing 2s 2d. The shipment will reaulfc in heavy lots. The market is very depressed. The Gothic's chilled meat ia bringing 2s 4d. A. portion of the shipment shows signs of mould. Nov. 8. The weekly returns of the Bank cf England, published to-day, show the total reserve to be .£32,316,000, and the proportion of reserve to liabilities 58*84. Three months' bills are discounted ab 1 per cent,- with market firm. Consols 106£. ," . . New Zealand long-berried wheat nominal. South Australian wheat flat, 28s 6d. Victorian ditto quiet, 283 6d. New Zealand frozen mutton, first quality, did. per lb; eecond ditto 3sd. L3Eubs-|d. . New Zealand hemp unchanged. No. 1 best Scotch pig iron, f.o.b. iv Clyde, 46s 6rl. At the Bradford wool sales there is better inquiry, but prices have not improved. CroEB-breda are weaker. MELBOIFENE, Nov. 8. Wheat is slightly easier. Millers have supplied present demands. 4500 bags were sold at from 43 to 4s o£<i per bushel. The following are the quotations of colonial stocks :— '■' Variationas compared Price. with last week. £ b. d. I 4 per cent. New South Wales 117 15 05s lower 3J per cant New South Wales 105 15 0 10s lower ! 4 per cent Victorian ... 109 15 0 103 lower* !,3J per cent Victorian ... 102 0 025s lower 1 4 per cent South. Australian 111 15 05s lower | 3£ per cent South Australian 108 0 0 unchanged i 4 per cent Queensland ... — — 3-J per cent Queensland ... — — j. 4 per cent Neir Zealand ... — — : Q per cent New Zealand ... 105 0 05s lower ! 3J per cent Tasmanian ... 106 0 015s lower 4 per cent West Australian 123 0 0 unchanged MELBOURNE, Nov. 8. At the wool sales crosa-breds were irregular, but slightly easier. The Newport Freezing Company has. received a London order to send 4000 carcases of sheep direct to Malta, which is the first direct order of the kind received in the colonies. SYDNEY, Nov. 8. At the wool sales the demand for good and medium greasy merinoes continues very active at full rates, but inferior sorts drag and are almost unealeable. <Orosa- brads are in less demand, and except in the caae of specially good sorts are unsaleable without a concession, which Bellers are not inclined to make. Lambs' wools are in lesa request. _______________