Commercial.

Wairarapa Daily Times, Volume X, Issue 3363, 18 November 1889, Page 3

Commercial.

London', November L>. Hemp is in slow demand 130 bales New Zealand flax lias been sold at JI2B, New Zealand mutton Ud. Becf-Hind-quarters are quoled at ■ld.

Tlio total amount of reserve in tlie Bank of England is X'l 1,970,000. The proportion of reserve to liabilities is •1U pel cent. Consols are active at 91}. New Zealand ■! per cent inscribed stock, 100,'. The market is active. AttstJfilain wheat, ox warehouse, 38s 3d; Mew Zealand Ion? berieil, ex storo, 37s fid. Market steady, Sugar—GomiAnbeet, lisJuvn, Ms.

Tlio tallow market is declining. Best mutton, 20s Gil to 20s; beef 255, Tlio Loan and Mercantile Company report London, October stliNew Zealand Hemp.-The market during tlio past month litis continued fairly active, ami paitly owing to tlio accuniuhuioii of orders consequent on the Into strike, has for the better descriptions, exhibited a distinct improvement. On 2iiih ultimo, when sonic 1000 tali* wen; submittal to the lmmmn', piica marked an irregular advance of from LI to L 3 per ton for gooil medium qualities, ordinary and baicly fair descriptions fully maintaining previous rates. On 2nd instant, however, the somewhat large offering of 13000 bales met an irregular demand, and about 1000 bales weio cleared at prices which barely supported the advance above quoted. Sales at auction and privately amount to some 3500 bales at from L3l toLM 15s por ion for good to well-dressed Wellington, LI'SS to L 29 per ton for fair medium, while good ordinary half-dressiii hemp has brought from L2ti to L 27 per ton. Dull grey fibre has been somewhat slow of sale at from L2l to L2llos per ton. Butter.—There has been a good inquiry for all descriptions of Continental butter during the past month, French sorts being in most request,

and values mark an appreciable advance, Tlio small parcels receivid ""*]&!• Doric (s) and Tongariro (s) were readily disposed of at from 71s to (15s per cwt. The consignments per Arawa (s) are not yet available, We quote:—Prime J)anisli, lOlis to 11 Us per cwt; do Normandy, (His to 118s per cwt j do Frieslani), 100s to 100s per cwt; do ISrittan, SOs to ( JOs jn-r cwt; do New Zealand, 7 Is to Diis |ier cwt. Importations from New Zealand durii.g the past mouth amounted to 1,817 packages. Cheese.—There has been consider able improvement manifested in the demand for American and Ciiiiiuliiin cheese, and the market closes linn for finest descriptions, The small consignment per Hldcrslio (s) is not yet available, We quote:—Priino American, 00s to 52s per cwl; New Zealand, nominal, 17s per cwt, Importations from New Zealand during tlio month amounted to 22 packages.