COMMERCIAL.

New Zealand Herald, Volume VIII, Issue 2123, 14 November 1870, Page 2

COMMERCIAL.

Nkw Zealand Heeald Office. The City of Melbourne, . conveying the English mail, via San Francisco, left this port for her destination on Monday evening, the 7th of November, at eight p.m. The Wonga Wonga, bringing the same mail, arrived here soon after noon, the 11th November, three clays beforo the appointed time of arrival. Before entering into a rericvr of the home markets, we would state that this market, during tho past week, has been exceediiHy quiet. The trade doing is simply legitimate, without bordering upon speculation, and there is now some prospect of profit to the honest trader Wo will refer to an auction sale, this clay, when Taranuti cheese, to our opinion, of superfine quality, was passed under tho hammer at 3d to 3*d per lb., and bacon at -id per lb. Various information has been published as to the state of the home market, but we eive the most interesting to latest date Lewis and Peat, under date of the Sth September

quote cum, kauri, bold, picked, well scraped, sOs Io (Ms per cwt.; bold and medium, part scraped, -14s to 4Ns ; sorts coated and imunsiffed, 35s to 425; sittings and chips, ISs t> 355. Tiie remarks en this article arcmarket quiet at. reduced prices. Auctions have been confined to 1-53 package?, one-third of which were forced oil'at 51s to 55s per ewt. for good medium and bold clean scraped ; and 12s to 15s bold pal.' partly scraped being lowest. Stock at end of August, 1101 tons against 771 tons last year. "flax, cleaned and dressed, £21 to £10 per (on; part diito, £J''> to £-2; tow and raw, £10 to £15. Remarks —Good qualities continue to bring fair rates, whilst medium and common kinds are steady. Auctions have embraced, in all, 270t bales, ab'iut, one-third >f which soid at £24 10s to £32 per ton for fair to fine cleaned ; £14 15s to £21 10s for middling to good half cleaned ; and k'l2 to £13 15s for common partly clean ; tow, £15.

Wet sailed ox and cowhides, best heavy, 51 to 5S lbs. 5 Id ; light, 40 to 45 !bs., SJ-d ; seconds and tliirds, 3Jd to 5d perl'j.; leather, butts average. IS to 24 lb., lid to 12d per lb. ; tanned hides, 20 to 30 lb., led to 10; d perlb.; sides, 12 (o 19 lbs., lOd to lid ; basils, 4d to Oid per lb. "Tallow—Mutton, good body and colour, 42s 9d to 43s 3d per ewt.; ordina.y aud inferior, 35s 9d to 40s Od. Beef, good body and colour, -11s Od to 42s 3d per cwt. ; ordinary and inferior, 3Gs to 40s per cwt.

Horns, 12s to 45s Gd per 123 ; hoofs, £5 to £5 7s Gd per ton ; cow-hair, Sd to 13id per lb. Sheepskins. —Unwashed fine wools, 4d to 7d per lb.; short aud shorn, ljil to 3Jd per lb. ; sheep pelts, 10s to 13s per cwt. Wool (Circular from " Morgan's Journa'," September 1). —Market quiet. Impossible to uive information as to Continental markets ; but manufacturers appear to continue working. In Kngiand (he position of the market, is "much better, but hero the war is felt in the stagnation of the export trade to Germany. How long this depression will last is bound up with the duration of hostilities. In case of an early peace we may witness a rebound of prices, thr article itself being in a substantially sound position ; in other respects the market, must, descend, Vor next sale, 27th October, the arrivals to dale comprise GS,OOO bales, and about. 35,000 hales, including 27,000 bales of N T ew Zealand. The total quantity for dis-pos.-l, including the wools held over from last, series, is expected to reach 200,000 to 210,(IUI) bales.

Tobacco. —There is no alteration to report iu prices, holders showing no disposition to reduce their limits. The report of the growins; crops is favourable in most districts. Wines and Spirits.—The, wine and brandy trade has continued upon a dull and contracted scale. Brandy—The war appears to have had very little effect upon the brandy market, the theatre of operations being i';nremoved from the producing districts. There has been more business done, and a firmer tone apparent in young brandies. A lower tarill" has been passed in America likely to cause demnnd. Ruin lias felt the. g routes I etl'eet from the declaration of war, a considerable rise having taken place in all description. The excitement in the rum market has been enhanced bv an increase of quotations by distillers of British j;raiii spirits of l<l per gallon ; Jamaica. 3G 0.p., 4s per gallon; Demerara, proof, 2g sd. Hops remain as last reported; malt the same ; both verv dull.

New Zealand Securities continue steady. The £150,000, G per cent., 108 J ; the million loan, 5 per cent, 09}; the A'?50,00.\ G per cent., 10S ; the 6 per cent. ISGG red at par ; ISOI issued at 90; sinking fund, 2 per cent., 112.

Bank Quotations. — Bank of >'ew South Wales, 3S;i ; Bank of Xew Z.-alaiid, ISA ; Bank of Victoria, 2S 1 ,; B.mk of Australasia, 5U ; Union Bank, 3'.H.

At the weekly sale of produce, io., held this day, by Messrs. Arthur and Son, there was a fair attendance, and I lie following prices obtained :—Fowls, Si 2d to Us G.I; ducks, 3s G.I to Is ; new potatoes, Id ; cheese, 5d to 7d ; lard, 2}d ; and rice, 2r\

M . .TosKlMi Xkwitan's Wkeki.y Rkfokt. —There has been some advance in the value of shares this week:—Long Drives are he'd from £13 to £13 10s ; All Nations, £3. My s ' comprise Caledonian., £{2 to ,Cl 3 ; .Eureka, 2s 3d ; Thames, £2 15s ; Junctions, 15s Gd to lGs G.l ; Shotover, 0s 3.1.