Commercial News

Feilding Star, Volume XIII, Issue 104, 1 March 1892, Page 3

Commercial News

(per press association.) Lojsdon, February 26. Consols, 96. New Zealand 4 per cent, inscribed stock, 100 f; 3A per cent, ditto, 99£. New Zealand long-berried wheat is firmer at 445. The quotations for frozen meat are unchanged. New Zealand hemp is m poor demand at late rates. South Australian wheat is firm at 445 ; Victorian is also firm at 43s 9d. Australian flour is firmer at 30s. For Australian wheat on passage sellers ask 41s ; but buyers offer 40s. February 27. Heavy ox hides are fetching 3J- per lb, and light 2f d. February 28. The Statist calculates there will be an increase of a quarter of a million bales of wool for sale this year, and a further fall in prices is quite possible. The weakened state of credit and the. operation of the McKinley tariff have caused a general shrinkage in the lrade. There is not yery much frozen meat in stock. The prospects of the trade are excellent, provided that the shipments are moderate and regular. The intention of the New South Wales Government to subsidise the frozen meat industry is not iooked upon with favour here, as it is though it will have a tendency to glut the market. Tallow, medium mutton, 265 ; beef, 24s 6d. The English wheat market is changing for the worse, and the American and continental are declining. The present value of English red wheat at Mark lane is 1555 ; do white, 37s 6d. Forward business of Australasian cargoes inactive. Arrivals af foreign wheat are large. There are no cargoes of Australasian wheat off coast or in the ports of call. A cargo of wheat, per jJEolus, from portPirie, sold at 88s 4id. February 29. The Wanganui Harbor Board debentures advanced £2 while the Gi.sborno Harbor stock fell i' 4. Colonial stocks generally continue to improve. Woodvillk, February 29Messrs Nelson Bros, despatched their first consignment of frozen meat from their Woodviile works on Sunday night via special train to Napier, where it will be shipped to England. The consign.ment comprised 18,000 carcases. The New Zealand Loan and Mercantile Agency Company, Limited, have roceiyod from their London office the following cablegram, dated 26th inst :— Tallow market quiet, and has declined 3d per cwt since last telegram. Frozen meat, market unchanged, and quotations unchanged since last telegram.