COMMERCIAL.

Dominion, Volume 2, Issue 516, 25 May 1909, Page 10

COMMERCIAL.

;'j;:v^:-' -".',' '.'. ■ ; .v'.'. u Testerday"being Empire Day.there were no /v:''«itHnge-'ortoe:;WeUingtoft;\Stook; : ExbliaTiße;----'.-. (:: iiqCAI^BODIES*, LOANS. '~> x:'■ .■ > ■ ;.!Local' ; bodieVin New/Zealand are' borrowing ; ; :'iather freely:iii-liondon, but it is better , that :■-,.•;■ they-should- exploit:the : London market: than. .:.? endeavourto i'raise; money, locally.-. Since' the :.. : .beginning of:the"year .quitea.large amount !in :■; the aggregato has-been. rais«d by looal bodies, V.'as the.following list will : show:— ■':■■' .-• "■;:>:: : V"/\'--;'y : ;."''! Int'rU - ■ 0 "•■ '•;' ''': : \--r'y '-■ '■■■■:"' r '■'■. "■-!'■': ~ -""Ain't.- per Issue ; .'^-:. : -y". ■'■'■■■'•-•■ '■ "■''"■' ■:'■■ ■ ■•'£ conti Price.' Jan.—Auckland City...;......--90;000. A IOOJ ?. .Jan.—Dunedin.NCity■'......... 206,900 • 4 ■ fIIOJ v U Feb.—Wiinganni ■• ■ Harbour ! 100,000 : .5. 101 ''.;-VPeb.-Westport Harbour.... 200,000 .■ 5 ... 101 ;V April.—New,- ■■'■'■Plymouth,''";'---v:-'•■ ■ .< :•:■'■■■!■,: rf:Harbour ?.....:...;.....' 275,000 4J '101 CityXV.;... ;ioo,opo ;. 4 100 /.* The six "issues recorded above'represent a-total -■:•;'of ,:yC97li9oo,"arid,' had.the'.ainount been raised '.';'."■'in-Australasia,thsprice:of money would have .' .been'afteoted, , but'by-going to London, the local ''■', 'bodies have helped "to ease themonetary string-. ] ]X:eaey here. -'■■:•.•:■ '•".'■ :"■.■"'■'•■ :".., . ■•■ '■■ ■'■'■ .'-. - ■ ; V:':t .The West' Australian :. loan ■. of ■-' .£1,445,000, OX whioh was covered.threefold:last week,.is now -'■ 'quoted' at-a discount of 55., and this does not ", i''promise -woirfor the New South Wales loan >"■ of ~£3,ooo,ooo'now en the market." New. South :'.: Wales ■ was! 'unfortunate in: February, when va ' /.'loan'for, £1,580,000 failed to be taken up by the, ~; : public owing, to: the Balkan crisis, and to -the ■:. attraction's of a-5 per.cent.: Argentine loan for y : /. 310,000,000. ';- ■■;;■.;;•;; : .,,-.;,::..-:. v :■.-..;.:: ,.; v ■ % : ':0!. WELLINGTON;;MAKKET: ■-EEPOBT,-.!'•;:.. • '■■/ 'vMessrsivlsieryiand.-Co.,- Ltd.,' Wellington, re-. ■''■:■■■'port■ wholesale. prices-ruling"oil; the market:— . :■-Wheat, fowl, 4s;' Sd.' to, 45.: IOd;; .feed oats, '.'■ '2s. 2d.'to'2s. 4d.;,dun oats, 2s. 2d. to 2s.!id.; , ::■ ''".'seed. oats'/- 25.. 4d. to . 2s. .8d.;. : . Algerian :seed. '■'■:■.■■ oats,' 2s. 6d..t0 25.; 9d.; maize,' 4s. 10d. ; to 55.. ■--~■.';Sd.j crushed malt,'Bs. 9d.j "fowl .barley, 2s. 9d.' ■ ':.; to 3s.i.horse beans, 4si' 6d.':(all-.;at"per' bushel); ,j ;.".ricemeal, '£s to £s ss.;'flour, New: Zealand, .£ll ■ ios.tOi£l2; : bran,'JEstoilsss.; pearl barley, Xl 5; -;; pβasi:partridge;4s.l9d. , '. '•:■■■■ 6d., fowl; peas' , 4s'. :: 3d.',,. split' i 617: 10s.;'. b'one- '''■■-', dusti'.iEO; superphosphates, £5 to/;i!s/Ss.';. ppl-' , -'■ .lard '£6 10s. .to £6, 155.'; ■ guano,' £i 10s.;.chaff : (oatensheaf), , to £3 lSs.; :oatmeal; i9-'lSs. to '&: i 610; potatoes,-ii to JE5' 10s. j seed potatoes,, .£5 : ',,; : 'tov £l\ .''imported ■ 'tted, Uii-to-IMtes.. ■ :£1 ;-'.;to £1 i 10s.;/,, onions,;. .JCS ..■tp..-,".;S7.;;:''picfc-■],-.':-'lers, '-is 'J to .': 6s.V'-Cwti;^".molasses:'•:■.fodder,' •£!>; bacon," factory.-sides' : 73d.i -ham's;Bdi,"rolls •:.-'Bld.; butter, bulk, Sid;-to BJd.v Poultry—HensVSs.'r ■:'■'■■■■-■ ducks, .45.: to V ss. .r-turkeysi'igobbleTVlis.Jtojliifi :-"rbens , 9s.'to-10s. ;: : . 'y-Berved ls.*Sd; : :to;is. , arizen; ch'eesef6a/-itOT ; -..-v 6Jdr: perM:ib: , ■ : -:-'-!'Akaroa!- ■•machino - -dressed , ..);-cocksfoot, •;.'..7Jd:! ,:-: ; .: , itP(. : Bd,';i , farinersV;dre'wed;"'Sd::' , t6'-6d;'!'-p«r'i'lD.i , | -.-■'■ ■■'' 'ryegrass, :3s. ■ 3d; .'to.^sSedt,' pef bushel j : 'ltalian' -•."£. ryegrass, 6d.;t0:i5...6d.-.busheli;white'clbver,'' :'■. > : '. 705.. to: 75s'. ipjft. • '.red'.-'clbverv.^BSsi , ; cw't. jHlcow'., ; ■!';' grass, 655; owt.'j alsike,.--825.-'Gd.:ewt ;vniußta'rd,',i :".:..40s.'cwt.;' trefoil, 37s;'6d.vcwt'.; :; .rape'seed,'"2Gs.' ; .cwt.; timothy, 325. Gd. cwt.; ewede and.turnip ■-.■■■';"B*ed/6p3^owt; r «-." : '-'i : "-;-:i;-;V':;>■..'.■--O"'?":f ; "'•':'." "■' ;•;'■' VV \ ' FRTJIT AND PRpD'aCEvEEPOBT. -.: ;: : ; :.-; .Thft- New'Zcaland Com:\ '..!. : :;pany;'Ltd.,,in thefr wiekly'report 'advise .prices. : lij as follow :-?-PotatoeSi' : 'ss. v -'toN6s.:: owt.'; swedes, to! 45.3d. ;V... "'■ sack ;': turnips, • Is.-. to Is. ' 6d. sack;.- marrows, ';. ■:Vis. ■to Is'.':6d'. sack; cauliflower, 55. : . to 9s.'; , French' •■'■:;■:•-.be'aiiSj-,58.-,to , 7B.;sack;:onions,-.65..t0'65."6d. cwt; :/,i parsnips, ,2s. to:3s.:.Gd. sack: beetroot, 2s. to 4s. '•/Back;, pumpkin,. 25." to "35./9 d. sack; ; cabbage,. ; ■ ■■',■.'■ Is.' to,2s.- 6d.-rsack;'-lettuce, 25.:t0.25. 6d. sack.;; i V'' tomatoes, ; 3s.- to 4s- lOd.- dase;'spinacH, Is.■ 6d.'to' •■- '■:■■, 25.: case; apples,'-; dessert ; 75..: to; 105.,. cooking 4s ss.\Gd.;;quinces,'3s.vto isi; pears, dessert Bs.; ; v .>to;'los'."6d.; cooking '6s. ,3d.' to 6s/ 9d.,' dessert !■'.. .-45..6 d. to ss. 4d.:half-case; eggs, fresh Is. lOd. ; i;.to,2s. 2d.; preserved Is. sd.j hens,' 3s. to -3s. :■;:., 6d. : per pair; .ducks; ss; : per'pair; turkeys,; Bs. ! ";.. ■■■-■ 6d.■ per..-pair;-,chaff,•: £3 ■ ss. to■'. £3 10s.;.bran, ';;,. 10s.-3d;': per sack; oats,, 2s.- to: 2s. 2d.'- bushel; '.': "peanuts, 225. per': sack;: preserved 'ginger,' 6Jd.' :V/:;Per %|:walnut3,;4d.jt6.;4id;;per;lb.::..,/ ■>;',- -,'• ';;., : .'Vi.The Customs revenue colleoted ; at^Welljngtonamounted' 10s:t4d; :.;;.: .;■

:;^y ;• AUSTRALASIAN;GOiI).pIJTPIITJ J- 7 ': rs ;v; ■ The jtbtal; bntpiit : of gold in';Australa6iafor: ;."■:".'"• ;the first ■ four' months; of the' year' aggregated V-V.; : .J1,P77,ia ; ...'.. fine ouhces'jin : the:corresponding period'of; last s. ■;:".'. year,-.and-;l,18i,028 '. fine ounces' in-the- same v : 'vperiod of 1907: The 'details are as under:—

,■ . ■• The figures for; South' ■Australia and Tasmania ,?>.-are.approximate,only.--The deoreaso;shown by; :;;. ;1909 .amounts to 63,118 fine' ounces,: of which' .: •; ; 50,000oz.: is'to ,be debited' to ithe Comrr monwea Ith; ibut:,Victoria:as- : the i only ■:'State : ;; to record an expansion/ /Satisfactory develop-' .;-,.:, ments are,going .on in most of thegold-pfoduc-- ; ,: ,-v"; mg distnots,.;nnd ..with; the Sexploitation;,of - the ...;■...deep -levels^the 'yioldai'should'.increase.■ ' ■'-; '

:) sy : ;pKojm:^^ ;:, r : In: attempting"to ■amveXat/the profits of' ■".;;British' ! industries ;in-; 1908,:; the /;•.■:,■ takes. th?.;reports' .of i.254 companies and : comi- /.> pares": the' aggregate with .the total, re-: •:•,':- salts, of : fthe isame, concerns 'in "the. preceding :■' twelve moriths.:.lt is not clainted. that:the com--j panies selected,-although all of them are large, ; / ; {represent the whole of 'British 'trade, /but they ■:, be accepted'as'typical representatives, and ; ,-;/ : iulowing for:; this ..reservation; the results of ■■: ..the .inquiry-, areinteresting. ,'Tho net profits' of v. ..these; undertakings decreased in ' 1908 by, -ap'-- .-:,':' prgximately; i £2,oop,oop,-'representing a drop ■ of ;.-.■;■<. 12 per" cent., a/serious' decline,in. ■:■■ : • P'.■ mostly ..manufacturing concerns. ..-■■ Of these j .-' .profits,. the', ordinary shareholders received 53 ■.: ; ., ; per'cent. , ,;preference.capital absorbing 27 per '/.cent., and the- balance' of:2o..per cent; went ■■:■■■ • ■ to reservos- 1 ori was carried "forward; The de- : V crease in the'profits i is largely caused by the ;■■;■ '.;■ iron and steel.' industry,'; duo. to the • slackness : . -Hi ship building l , and- armament ''manufacture.-' v/.0-The-latter-statement is rather,curio™, -in view S /'of the'need.■ for -expansion : in' this, direction. .. :■: They next.largest, sufferers.we're the ship buil- : ' ' m o £ : T hom: flTe flrms "Ported a' decline • of :,.:. w£9sß,ooo;from the figures, of. 1907.-' : OfconKe' ■■■if': brewers contributed -to'.the' deficiency; and if ;;■: /the revised licensed duties.become operative, a :, ./.further deorease in the".profits' of the liquor .-■.:■■■ trade may be -anticipated. On the other hand; ■), Bhopkeepuig.corapanies.-.which depend for. their ; ./.earnings on: the..6p'ending">pbwer of the people,' -':■. ■ have more ,thari- held: their ,own,: and report ' .;;, slightly higher profits;last' year ■'than" in' 1907.'' ~;: This favourable experience may. ; be 'due to •.. '.reductions' in. first costs' at the. expense of the : /manufacturer, of'.which the: public have not .;-.; received -the/ full' benefit,/ or . : to'' changes of .■/.■.■'fasnwn,'-.''.;.;-.. , - ,, ..:-'.;.:-.:-;-;.:::';,.., ■: ■....•■ ; ; .;■■:■:■. ■ ■■'. ■"■■j millsVare^nowv;exporting binder .■.; twine ..to 'Kussia; .'Eumania, Argentina,' Aus- ;?•- tralia RndOEnglandj Scotland.and the United ../: btatesof America, v The , output of the mills >.;. last.year ,was : over-li.OOO.tons.-: ■'■''. ' ■' ■ : -'" :: -'V-^ me ietRtistics;:bave;,been published,' states ■o■'■. ■~l alr, P/a y ? - shoiving what huge sums of money. : . ; the. shipping.bounties^have ;cost the French ' ' f «OT P 'l ye iono in - • t . he .- la ' st sixteen years.'. Prom ■■:.. 1893 to 1908 mclusive.French ship owners and ;■; : ;; Bhip 'PmW«rs. hare taken State aid to the ex- :.;.; tent of ;£tlfiZQ,m, besides which the Treasury .•; has. during that .period advanced'.£29,6oo,ooo on •!■: ;; mortgages,over shipping. , The sums paid as •■ ./-.ehipvbuilding premiums 1 were from 30 to i 0 ■■■:, : .franca per ;gross ton.for wooden vessels and ■•■. v up to 65.francs per ton on iron ships. /Even ,_'■ : marine : engines, were, subsidised at. the rato .of 15_franca per 100 kilos, equal approximately : . : tp .£6 per. ton. The sums /paid as navigation . ,/; bounties total J010,800,000./ %th-such"power-:J '■•;.. ful support ;frpm ,the .State, ;it. is'difficult '■ toj ■ ..understand ,why ~ the -~'■French•■•'■"mercantile : : marine and ship .building industry arc not more / flourishing' than; recent ..balance-sheets. disclose. .■', Eeccnt. sdvices :;froni ; Buenos Ayres point" to Argentina, becoming independent of'outside ■■",■:■ sources in petroleum. It is consid.:ered probable that the springs of that oil discovered at Coinodoro Eivadavia, Chubut will : ;.:. provoa great-wealth to : Argentina. . . ; The second well, sunk is'-yielding oil in vast : /. quantities, and the National Government has ordered, the necessary expenditure to be in- .;,.", curred for its exploitation: on behalf of the • 'State. It has also been resolved to invite • tenders.for the'eiploring of what other petio- ,;'..•.': leum land /there may be in the neighbour- '■■•• /hcod. If' the present expectations, are ful- ■ ■; ■ filled, the Standard Oil Co. .'will have to face . A competition in its. trade, with South. America, '.. ■ which in kerosene alone amounted last year to :,:-:,.:: 6,300,000 cases. / . : ..,.•,.;. ". ..' ..:. Th«ra is. a movement in'.Canada for the de- ; Telopmeut' of the ■: dairy' industry in . , Nova . '/.Scotia. climate' and soil of that' province '■;■ :' .are. declared to be eminently fitted, for dairy- ■•.■■■•";■ ing, andj.Nova Scotia , -w- the nearest Canadian ■:■ " ■ provinoe ito Great Britain; The Principal of

the Agricultural College etated in an address the other "day thnt : Nova Scotia can compete in dairy products ■ with any other'-part of America. ■Hβ claims that by nature and situation Nova Scotia can. attain ashigh a position as Denmark as an/exporter of astricultural produce. •'■ , . . !■ -The Washington Bureau ; of, Statistics publishes in each issue of its "Monthly Summary of Commerce and Finance" a tablo showing the,imports and exports of tHo principal commercial- countries of the world down to tho latest available month of tho current year. This table gives the trade of moro than a dozen of the leading countries during 1008, and the slump in business lost year ' is strikingly shown. Tho average monthly importations of 23 countries shown by the table was 997 million dollars in that portion of. 1908 which thej respectively represent against 1069J, millions in the oprresponding period of 1907; and the average monthly exports 901 millions against 973 :millions for tho corresponding period of 1907. * ;;:" LONDON WOOL SALES.'•' ■ Messrs. Dalgety'and .Company, Limited, Wellington, have received the following cable advice from their, London office, under! date May ■2i : —"The wool, sales closed firm, and latelyreported rates are fnlly maintained.' As compared with the closing rates of last series, good greasy merino combing wools are 10 per, cent, higher; .other descriptions, of merino .wools (greasy) 5 to 71 per cent.. higher, except short and faulty descriptions, a'change, if any, being in: sellers', favour. Fine and medium crossbreds are 10 per cent, higher. ; If wools arc suitable for America prices are hignor by 15 to 20 per cent. Coarse prossbreds have advanced 7J per cent. The total net quantity of wool available for sale amounted.to 182,000 bales, of which 23,000 bales have been'taken-by America; 88,000 bales , have been sold for Home consump- ! tipn.and 61,000. bales to the Continent, leaving ■10,000 bales" carried forward.", ; ',' '-■ ' ■■'. THEI FEOZEN MEAT irAEKET. , IDI iSLioEira—rßEsa absociation—coi'rnianT.) -.;■ ■-..■ "'■'-.'.''..■■'■ ■ '.. London, May 23. .-The Frozen Meat Trade Association's Smithfield Market quotations for the.undermentioned olassee of. frozen meat are based on actual sales of not less ; than 100 carcasses of mutton' or lambi or.twenty-five quarters of beef of fair average quality. These quotations are not for selected lines, for parcels fairly representa-tiyp'-'pf ; the 'bulk/of 'the shipments now.'on the "market":—'" : '" ' , -. '.-.., . V ■• . ■ . ' : May 16. : May 23. :,."";■;:.:...:-,..v:. ; . •: ■; . .;:..&.:.... d. ~. mutton-•.•.'■- '■ :■■ ■.■■".: :.:::- •■■. - ■ Canterbury, light .3 11-16 i\3s : Canterbury, medium ',31 ; "3| ' . : :Carite'rbury,.'.liea.vy.;.,.......;..,.. 3 7-16 i\:. "." '"'Southland- 5 .;...;...:.. V.'.....'..;....;. — : .:•'.. — :..'..;:.:..;: 2}.-';' 2 11-16 ;;;-North;lslandr,prdinary-'...... v2| ', 2 5-16 -ligiit'"' '■'.;.;.:.'..:;..'■ 2-3-16 • •2i ■ :j::)Australiaii; , 'heavy,T'!:'........ , ;... 2-. • 2 ;:r Hiyer/Plate, , .-light- ~.',.u;.',..2f : ■ '. 2 5-16 -r-itiver'-!P.late,'heaTy;'.;..._..i..;;2J' ■' ; 2 LAMB-"-'•"-':;-■"•:'''.' - : \. ■- ; . ; ; :?; -; '•■'" :-;''' i.^Canterbury, , ;', light,' ...i.:".,:4J .. -, : i 13-16 i. .Canterbury, medium ;>..„.'.'.. 4J ': *( ■'..' p-Caiiterburyi .4 ::■' .3j . tvSouthland :.-?..;..;..:.;.....;..'™. 4|. ■ :■ 4J> ■ : "North-Island^-selected .._..; 4 5,16 " 4} ' ,'■• North'lsland, ordinary .;.... 4 f l-16 8 15-16 . .Australian, be5t:............'.;.;" 3J-' ' . " 3 9-10 : .Australian, fair. ................. 3|: . : 3|, ... ■; Australian,: .inferior! ......... 33: '.■;■■■:■ .3J .Eiyor Plate .„•' 3j ' 3i BEEF--'.;' : -.y' : ' i: .i!v?.' ; : : ':v:'. -v'-:' !'.-.'!!-- :. ' ;" .";New'.Zealand-f6res J ,...i........ 2|. ■'.• 2}- "■ New Zealand , hinds ...«..:.;.. 3J. ■.-'•": 3 u-16 , ; :'Australian f0re5"...".'... '..... 2,■'• " 2J ' ,:. Australian hinds .' 3f . 31. : River' Plate, f0re5'............... 2i ' '. n|! - .. Eiver'Plate hinds ............. 3J .•;■■'■■■ gj - ■■.-'•.Messrs. Dalgety and Company, Limited, report having received the following- cable messages from their London house, 1 under date of 'May'2o:-Frozen meatrThere are large stocks or mutton and lamb, a limited demand and : prices.-: generally .are weak. Por : lamb, .prices are 'lowerby id.'.to Id., and, for- mutton; prices,are in favour of .buyers;' 'Prospects^generally are; unfavourable. : It is difficult to see signs of improvement unless shinments are curtailed;-; Prices for hindquarters of beef are firm,.but;for fores are Jd, lower.' Eabbitskina- . Since' bur.- ; last. -wire < prices '.for New', Zealand rabbitskins are. id; higher; 1080 were offered ■and; 1048 sold.-'Tallow: Unchanged, r '.:-■:

■.; COLONIAL ANDOTHER PRODUCE., (Br TELIGJMFH—PBE33 ASSOCIATION—COPTRIOHT.) ■ - ;',' ;■ ''. ■■'■'. ■'■ London, May 23. . ..Australian ;yrheat'cargoes have been sold at 435. /.7ja., 445., 445. IJd., : and :U& IOJd. per ,: V^;I''*"'V1 ''*"'V ■■.-■..,. .■■-■".. ' : ,Hemp ihaotive.'. April-June shipment, ,£22 15s. per ton. , : ■•-.■. ~ ' ■'. .- . ; .'Copra—Th«re ; is an;.improved' demand for South Sea;•bags,'at £18''to jeiß'ss. ■- : :.j\.r^v. ; THE;;METAL MABKETS.' "V '■ < D T TIfcMtAMMKESS ASSOCIATION— COrTRIOHT.I ' '„ ■"-■'■■■■'•!:■■■:•■.■',■•■:■■'•■ " London,: May 23. ; : ,Copper--On ,the spot, ,-,£59 • 7s. ■ 6d.. per "ton; electrolytic;- .£6olos. ■■':'. ■ . ' ,^ 25 - .M,-per'tpn"; three months, x>loo . 45,' ,6u. ; ■ \ '. ; . , J ~ ' ' ■ i Silver,; 2iSd. per ounce: ■• ,: ':; ••■.■ ::; ' ;;.'i',:•:■: ;.;• shares.■■;.'.'••' : -r ? ' f : : ' - (di MtiaßAPn— rsrss.isaociATioH— copiniam'.) . '■'"■mi:'■ ,; v; " : ■■■"'- ;, ■"''' : ■' Londonj May 23. the latest quotations :— ■:::/. ;-'.;". . ■ Buyers. Sellers. ■ : - ■ '■>■ ■-. ■•■• "•: 'jß S .'d.'-/.. Waihl ....;........., ;.. 9 5 0 9 7 B • : V-rJunetione 2 3 9 2 5 0

j■■':, - HIGH COMMISSIONER'S CABLE. _:The Department of Industries .'and Commerce hasreceivea. the following cable from the High vommiS3ioner-in London, dated May 22:— •; .-'• Mutton.—The mutton market is overstocked ■and-: depressed, , :, and" is' not. likely to recover from the depression for some time. Canterbury is other than' Canterbury, 2jd.: per lb. Kiver Plate mutton is in large supply, and is being s'trongly pushed for sale. It is quoted at 21<1. per fb.: ' : .. . Jjamb.—The lamb market is weak Shipments .of lamb now arriving are very heavy, and the supply exceeds the demand, although low prices for "lambare increasing the output. Canterper Ib.j other than Canterbury, id. per lb.; Australian, 3jd. per lb. .' ; ..Beef-There is a.■ better- demand: for beef, btocks of New Zealand beef on hand are light' and supplies.of American cliilled beef Ire small.:-New Zealand hinds,-3£(i. per lb • New Zealand fores, 2Jd. per .lb. .'..'■■■■■ _-Bnttor.—The batter/market- is very .firm. Supplies are decreasing on account of the dry weather,, and .there Jβ 'a great demand'in the market in order to. : secure supplies. Choicest New Zealand, 106s. per owt; Danish, 1165.: hibenan, 1035.; Australian, 1025.-. , ■ Cheese.—The cheese market..'is-very firm White, 655.; coloured, G7s., :.. ' ■'." Hflmp.—Moderate business is doing, and-there : is aibettev demand for, Manila from America New Zealand .good, fair-graded on spot,,-per ton, :155.; New Zealand ■ fair' grade, on spot,,per ton, *E2l 10s.; fair current Manila on spot, per ton, 10s. Hay to July shipments—New Zealand good fair grade, per ton .10s.; ,New Zealand fair, grade, per ton' £21; fail' current Manila, £21; Manila output' '.19,000 bales.: v .:-. '-;•:- '

.' Cocksfoot.—The cocksfoot market is very quiet, no business doing. ■ - , :; Wheat.-The wheat, market.is .firmer and very likely to continue. New; Zealand long--11?? ', 5? &$> ex granary,; per; quarter of 4961b., 40s. Gd.; New-Zealand short-berried wheat, on snot, ex granary, per quarter of 4961b., 455. Gα. ■'"".-.' Oats—The market'is firm, and prices continue 'to advance. New Zealand oats,- short (sparrowbille), ex .granary, on spot,, per quar,to. of 3841b.,'265.-.;(id.; New Zealand oats CDanish), ex granary, per quarter', of ,3201b., ■ Beans and Peas.-The market remains' firm.' New Zealand beans, f.a.q.,' old crop, per 5041b 365. rNew Zealand , poas (partridge), per 5011b. 475. 6d.:' ■. ■ . . . ' ~ Kauri .Gnm.-Tho market is firm, with an improved demand. : Ordinary to fair threequarter '.scraped, lGos.; ■ fair to 'half-scraped, 1055.; fair half to tjiree-quarter scraped 90s • pickings, common to good, 505.; bush, , fair to good.pale and'amber scraped, iiss;, ■ : ; >

•■:-: : . * ■■ y< ■/.■;" .:'; *V" Fine bz.Hne oz.Fine oz. ?:' ; ;.-Victoria ■;-:.:.!■ :; V ;.^230,334:;-:;i98,499,;:'206,031 v J Xv-;.:-;N.S. Wales;.;.;■ :■.'.;;:; "85,885 >■■■ ' ; :77,30f ' ■ ■ 66.48G ' Vv. ■■Queensland!..;-, \ "150,936 J 133,408 V 127,401 ■.■rt.-vW;".-'Australia - ..'; 555,242 : : 556,353 ' 520,159 -X/ : Australia ,. ;,..;., ; ;-6,250W v ; 2,600 -'-XMl V-;\ .Tasmania: ; :„ ' r :;v 22,000 -20,000 :;:,;':■;New. 'Z«Uamd;;>-i.;..";;135,38l;•; ,350,078 v : 135,8it ,:; ■'}. ■: i; V.SH :a,U0,239.4,077,121;