COMMERCIAL.

Poverty Bay Standard, Volume X, Issue 1175, 14 October 1882, Page 2

COMMERCIAL.

(BY CABLE.—REUTER’S TELEGRAMS). ADELAIDE, October 13. Wheat is quoted at 6s, the price, however, is nominal; town flour, per ton, £l4 5s to £l4 10s : country brands, £l3 ss. There is nothing doing in the freight market. SYDNEY, Oct. 13. New Zealand wheat, declined Id per bushel, and quoted to-day at 5s 3d ; New Zealand oats further advanced 3d per bushel during the week, and are now worth 3s 9d ; maize, per bushel, 5s 7d ; Sugar Company’s No. 1, prices per ton, £35. MELBOURNE, Oct. 13. The New Zealand Loan and Mercantile Agency Company, Limited, of Melbourne ’ announces that their opening sale of the season will be held on the 19th inst. Great importance is attached to the event owing to the expected atttendance of a large number of foreign buyers being greatly in excess of any previous year. The clip generally in Victoria and New South Wales is reported to be smaller than last year. Active competition is expected in the case of sound well-grown wools. It is anticipated that the total exports for the year will show a decrease of 50,000 bales. Queensland, will on the contrary, show a considerable increase compared with last year. The clip generally !i of excellent quality.

LONDON, Oct. 12. Consols remain at 101 J. Bank rate remains at 5 and market rate at 4| per cent. The bmk reserve is £10,000,000, or £lOO,OOO less t urn last week. New Zealand Securities : fi per cent. 10’40 loan, 104 A ex div. ; 5 per cent. 1889 loan, 107 ; 4i per cent. 1874-1904 Ijan, 101 J. Colonial breadstuff’s are firm at 47s for Adelaide wheat ex warehouse ; and 43s to 44s 6d for New Zealand. Adelaide fl >ur, ex store, 335. Australian tallow is firm at 44s 6d for best beef ; and 47s for best mutton. Selected transparent kauri gum, £ll 10s. Australian hides are in fair demand at full prices.