AUSTRALIAN MARKETS.

Temuka Leader, Issue 1491, 10 April 1886, Page 4

AUSTRALIAN MARKETS.

April 8, doldsjjrprgugh land tCompany hava published their balance-sheet for the past year's transaction!-fo-day. - It ■bow* thafeibe Company over 100.000 bales of wool during the-year. The net : profits available-amount to £40,000. 1 A: dividend' at the rate of 10 per cent will- be paid, and the"sum of £IO,OOO carried to the reserve fund, raakiag the total amount of the company’s reserve £120,000. A further sum of £IO,OOO will be carried forward to the present year’s account. KNQLISHMABAETS. Londow, April 7. At to-day’s colonial wbel sales, a catalogue of 10,100 hales was submitted to auction. The tone of the market was flat. From the New Zealand torn and; Mercantile Agency Company’s (Limited) report dated 26th February, 1886, we make the following extracts Corn Market—A slightly better feel* ing has prevaded this market during the past fortnight, but as English wheat is ■till pressed for sale at extremsly low rates, it bat proved very difficult to obtain any quotable advance on foreign descriptions. The imperial English wheat quotation for the week ending February 20lh being 29s 4d per quarter, as Coim pared with 29a 6d a week earlier, and 29a 9d at the date of our last writing. The first named quotation ia lower than any previously recorded during the present century. A more resdy sale has been found for imported wheats, owing to a demand fur the Continent, whicb,/tbough not large, baa been sufficient to impart a little more life into the trade. The in* quiry has been for white wheats, including Australian and New Zealand descriptions, and - holders; of- these. hate ;■ occasionally been able to obtain an advance on late rates. Barley and beans have bees dull of sale, but oats have been the turn dearer. Flour is without material change. Supplies on passage and shipping are now given at 1,796,000 quarters, as compared with quarters a fortnight ago, and 2,5381,000 quarters- at the same time in 1885.. The American, “ visible siSpbly*” ifco|Q; father contraction, and stands at 52i840,000 buahele, as against 54,200,000 two weeks ago, and 43.050.000 bushels at a corresponding period last year. To-day’s quotations ex granary are as follow :-—Wbeat, Australian, 36a 6d to 37s per 4961hs ; do, New Zealand, lung-berried, fine, 33<6d to 34a; do, do, medium, 31s fid to 32s fid ; do, do, inferior, 30< to 30s fid ; do, do, shortharried, fine, 32s to 335; do, do, medium, 31s to 32a ;do, do, inferior, 30s - to 30a 6J ; Flonr, Au»tr»lian sap«rfine,' 1 24s fid to 25a fid per 280 lbs gross j do, do, patent, 26s fid to 27s fiddp, New' Zealand patent, 24a fid io‘ 25s fid; do, do, fine, 20s to 225; barley, No 1, Ne w Zealand, 33s to 34s par 4481bs ; do; No 2, do, 2as to 26s fid|. 'Oats, New Zealand, heavy, 30s fid to 31s fid per imperial quarter; do, do, ordinary, ,27s to 28s. Beans; New Zealand, No 1,33 s fid to 344 fid per 5041ba; do, do, No 2/ 32s fid to 38a fid. Peas, New Zealand, average, 33s to 355; do, do, wrinkle nom» 525. Tallovv-i-We' quote; P.Y.O.j 34s fid per evt.; Australion mutton, fine, 24a fid to 255; do do, medium, 23s to 24s ; do beef, fine, 23a fid to 245; do do medium, 22s to 235. importation* into Loudon during the fortnight ended 20th instant, amounted to 2850 casks. Preserved Meats—There is no change to rvport in this market, drhicli remains inSdtire and depressed. ' Quotations are nominally unaltered ; Mutton, 2lb tins, 4|d to,4|d per lb; 41 b tins, 4fd to ,4|d • ; 4Jd to 4jd. Beef, 2lb tips, 4|d to'sd tibs, 4|d to 4£d ; 61b fins, 4|*l to 4|d. No arrivals fr..m New Zealand have taken place 1 within thalaat fort* sight. Frozen Meats—The market during the .past fortnight has bean steady for domeatic produce and firm for Colonial. Tha former has been in only moderate ■applyi butt he consumption being comparatively limited. Previous -rates were little more than maintained until wiiljlp the last few days, whena diatihetitriprovementhas been eitkblialiedi As fegards frozen" muitob," wliile the denapnd bas rot shown any augmentation, the unusually restricted diameter of ' 4 thQ available stock causad values' to advance ■harply lroib 6d to |ierlb--the cur-, rent Quotations' at the data bf pur last circular—to;s|d to fid per lb, the price ob taiaable on23rd instant The marketing of.coosignnibbta «x Ruspehu (s), bowevaeji checked th# upward : movement, and dining the past two dsya there has been a slight reaction to the *xtent of, •sy, fd pci lb from the highest point touched; To-dsyV London quotationsare as follow ; Prime English motion (wethers, 4a fid to 5a per atone of 81 b j do Scnfcb mutton (wethers) 4s fid to ss; do town-killed foreign mutton,' 4s to 4s 4d; do English and town-killed foreign beef, 3s 8d to 4a; do Scotch bwf, 44 2d to 4-: 4d; do New Zealand mntton, 3a 8d to 3s lOd; do River Plats mutton, 3# 4d to 3s fid. New Zealand Hemp—The market continue* very flat, and Manilla has further receded .£1 per lon, Sienl is quoted nominally at £l7 10s per ton, but is almost unsaleable. Some 100 bales of New. Zealand have changed hands at about late rates, but sales have been of a retail character, and confined to the commoner descriptions. In the absence of sales of the better qualities quotations thereof are necessarily somewhat nominal, We quota : Superior soft, bright hemp, £25 to £26 per ton ; good quality and well cleaned, £23 to £24; medium—fair to,good, £2l to £2llos ; common—coarse and strawy, £l9 to £2O.