COMMERCIAL.

Temuka Leader, Issue 1813, 8 November 1888, Page 4

COMMERCIAL.

ENGLISH MARKETS. London, November 1. 62,000 quarters of Australian wheat of August shipment, have been sold at 425. The total quantity of tallow in stock is 10,480 casks. An Adelaide wheat cargo has been sold at 425. Mutton —New Zealand, 4|d ; Australian, 3fd; beef, 3d to 4|d Tallow, best mutton, to 32s o|d. Best beef, 31s to 31 s 6d. The sugar market is quiet, German beet, 12s 6d. Hides, 4d to 4^d. November 8, 2500 sheep skins have been sold at an advance of a farthing on last quotations. The English wheat market is now strong in tone, but prices are unchanged. The continental markets are unchanged. The American market shows a general decline ; forward ' business is active. Foreign arrivals are large. The Nf-vr Zealand Loan and Mircan tile Agency Company, Limited, havr received the following cable message from London, dated November 2nd, 1888Tallow The market is excited. Good beef and mutton tallow are worth respectively 30s and 32s per owt, Froze* meat —Market depressed. Wellington and Canterbury mutton aie worth 4|d to 4-fd respectively. The beef market is overstocked. Australian beef, fore and Und quarters, are worth 3d to 3fd respectively.

Mr Mackay reports that the Amnri Plains earthquakes began at G 1 mye. He considers that there is no possibility of a volcano outbreak. There never has been one In the district since the mioceno period. The Minister of Mines lias received a letter from the Premier of New South •Vales intimating that notice has been . issued in the Gazette of the 2nd October, cancelling so much of the regulations of the 22nd ef May, issued , under the Imported Stock Acts of 1871 and 1884, as will admit of foreign cattle being introduced into New South Wales on 90 days’ quarantine. Enquiries made by one of the s’affof a local paper with regard to the sweating system prove that there are factories in W llington which pay such low rates for piece work that the employees are enmpelle to work all day and night in order to gain the means of bare subsistence.

The Giro!*, sunk by the Rotorua at Wellington has been raised. Her bows were stuye in, und the damage is set down at £JOO. The Union Company have undertaken repairs. Id the district embracing the settlements of Pokeno, Miranda, Bombay, Orawtwiui, etc., Auckland, the property tax valuator finds that the progress of settlements during the last three years has been so extensive as to ful y comp naale for the shrinkage in value. The valuation of those districts will, therefore, show no diminution, although land values hive got down to the bed-rock of non-speculation, and, of couise, the prosperity is far greater than before. Mr Preece, Resident Magistrate at Napier, gaye judgment on Tuesday in a case, Councillor Piizroy v. Hastings Borough Counci l , in which the plaintiff sought to recover eight guineas to the Borough funds, being the cost of a portrait of ex-Mayor Wellwood, paid for by the Council and disallowed by the AuditorGeneral. The defendant corporation claimed that the portrait was Council chamber furniture. The Magistrate gave judgment for plaintiff, with costs.