COMMERCIAL.

Auckland Star, Volume XXXV, Issue 197, 18 August 1904, Page 3

COMMERCIAL.

'Anofctnnd Stai-" Office, Thursday, 18th August. yjK> quiet time of the mouth has again ioDie round, and o'll.-ra an? being held over t ß r booking forv .: ■<'.. The Delphic and the paella have arrived during the week, and •re vow dlacharpi'...-. National caudles are -gain in full uujii'iy. but as yet the local company havf i'<-.t yet been able to execute orders for liii'uiunlu Union ami other brands of candies. Old Judge tobacco and cigarettes are still hard to procure, but as goon as consignments by Lhe Delphic hare cleared the Customs rliis will be remedied. jjy the Sonouiu. the tirst of the new season's apricots arrived, and new crop peaches are expected by mc uext boat. New <-rop. seeded raislus will not arrive until the miu-j ilie of October. Tbe London market in eangiy seed has bfeu very excited, and theopinions as to tbe future are uncertain, until the result of the growing crop is known. Jnte goods are much firmer, and the price of 4S inch coin sacks has advanced to 0/tf. \ Calcutta circular of the ISth of July states: "Tiie Government Jute crop report lias been issned. and indicates a much larger area under cultivation, and a total yiold considerably in excess of last season. Its publication gave a skurp cheek to speculation In dlataut deliveries, but did not have mneh effect on near poods which are scarce. Very few cornsaeks are offering for esrfy delivery. Generally the tone of the market Is flrm for the current year, and easier for Janujiy onwards. Indian Tea: The last sale comprised some 17. iJOO packages, most or wjileh sold In the room. The selection on offer was somewhat better, some parcels from Assam showing improved quality. Darj eel ings showed a slight falling off In quality. Cam on broken teas, farmings, and pekoes were a little easier, while other prices realised were alxmt on a par with the previous sale. About 18,700 chests are adTertlsed for the nest sule. Rosin In the United Stat'-s is reported not in abundant supply- In low grades 11> ere lias been a small lecihio. but it is tkouKUt that an advance will take place in the near future. Turpentine has nguiii firmed iv price. Advices from London regarding thp dried fruit market are to the effect that the prospects for the crop of Jordan almonds arc very good. With regard to dates no detinite information is to band, but it ..-j believed there will be a full supply of Khadrawl quality. The fact that cholera Is reported to be prevalent in Bustorch may perhaps affect euppties later on. The crop of figs Is reported to be of good quality this sensou, but 30 per cent, less than the original estimate. Unfavourable reports have been received of thp prospects of the Sultana crop, but this will to some extent be neutralised by the' heavy carry over from lust season. The most recent estimate of tbe currant crop is 170,000 tons. Attempts nm*' to advance the price in London have not met with success, and tbe opinion is thnt lower prices will rule for this fruit, although tbe Dew Bill has passed in Greece, and will become operative this sen.son. Locally, currants are in lomewhat short supply at present. Business on the Exchange n«s T>e*>n brrslc Since last report, and the present outloot for minium sneius most hopefuL Following upon the discovery of the reef in the Walhi Extended mint- has came th-e welcome information tha.t rich specimen Btone Is being won from the Banker's Hill nine. As sharps In this company have ever been sensitive on the BxchaiLg-e, the reeolt waa an advance from V-3 (buyers) on Saturday to sales at S/Si yesterday. The fa-et that the sold is being- won from the winze below the present low level leads to the hope that a gixxl patch of g<old is at hand. Old Hauraki ami Hauraki Freehold shares have both firmed in sympathy, end other Corcmandel stocks are receiving attention at the hands of speculators. Tie revival also appears to be spreadinz to Thames, as Mnhara Royals are Inquired for at 9d. This is understood to be the result of gold being met with la the winze. Alburnias also firmed in price, us ■well as New Eclips-e shares. At present, however, ac far as Thames mines are concerned, interest centrw in the Kurnnui mine, where gold-bearing stone has been met with in a Oin leader ss well as n 3ft reef, both of which are shaDing a.t present to junction further ahead. As the Karanul mine is located where a lot of gold was got in the early days, any discoveries in that vicinity are watched with great interest. Last Friday several thou sand of Kuraaui shares changed hunde nt prices ranging from 3£d to 7d, but last night 1/7 and 1/8 was reached, and this morning as high as 2/3 was paid. Other Blares that have seen considerable business dnring the week were Oold«n Bolts, •thousands changing hands at from 3/ to 8/2. In addition to this :ill the unissued paid-up shares held by thfi company have been taJcen up at a shilling premium. vhieh will place the company in funds. Consolidated shares have shown a further advance this week, being sold lip to 5/3, and the tendency still seemt= to be upwards. Waihi <Jrand Junctions changed hands at 50/. and Wailri shares sold up to £6, at which price there is sti! , f. buyer. Anotlier dividend of 2/0 p-er i hare was declared this week, which mean? the distribution of £02,500 on tho Ist ol September, mid brings up the total to £1,489,500. Waihi Extended shares have not maintained the rl*e noted v week ago. Frequent sales have taken place from 8/ to 8/6. but ut the afternoon call yesterilay fairly large parcels changed hsntls vi iteadlly declining rates until 7/3 was reached. This may, however, be the outcome of public attention being at present dileeted to Corrunendel and Tha:ne-s, while es far as the Waihi Extended mine is coneerued no further developments can U>» looked for just at present, now that the long sought fur reef is actually \u luiliu. Standard stocks have well tnaiulaiued late values, and in some cases advances have taken place. Buyers of Bunk of New Zealand ehai'©3 raised their offers to liXi,'. bui Bo sellers quoted. National I>a.nk buyer.also advanced to IKJ/. Utriun Steajn sshure;iwere asked for at 2>:.ty, ami liiverLicad Paper Mills w-ere slig-htly firmer, .being wanted at 32/. Kauri Tiuber shares have also risen lv price, paid-up Issue changing tands at 14/3, whereas a day or two ago 13/ was the best offer. Contributing chares were also wanted ut 4/0. a rise oi about (id for the week. Altogether th.-i\' appears to be a decided revival In ihe ExWool.—Our London correspondent writes Under date of July IU: —"There was a large attendance of buyers at the opening of the fourth series of Loudon sales on the sth Inst., all sections being well represented, While competition for nearly all descriptions was animated. The bidding for oourae grades of crossbred was particularly brisk, "with the result that for these values us compared with preceding series' closing rates marked an advance of 7J to 10 per «ent., medium sorts being par to 0 per cent, dearer, while line showed practically no change. The best descriptions of merino tiled in sellers' favour, wusty, faulty sorts selling Irregularly in the absence of Continental support. With the progress of the aalea prices generally have hardened, and fine merino may now be quoted ~i to 10 Per cent., course crossbred —particularly slipes—lo p er cent., and medium crossbred lully 5 p ei . cent higher tbnn Ln May, medium and faulty mt-rluo also selling more Readily, generally at an advance of 5 per cent. The Home trade have throughout oeen the principal operators, useful support, however, being furuUhed by America m the cast- of best greasy merino and mcMnm coarse (Trades of crossbred. - ' B-lax.—With regtird to the market for Zealand hemp in London, our corrcw?S i-eport.s on July 1G:--"In .sympathy *""! a strong inquiry for Manila, coiik.c<jnent upon the anticipated light receipts «» the next two or three months, there i™* been a better demand for this descrip"°n, and with more offering from the col<roy a fair amount of business has been nt Late rates to 10/ per ton adTonce. The N.Z. 1., and At. quote: Spot, in/ -. /; Ju, J' "D tn February, 1905, £29 *>>'to £30 p.-v ton c.i.f." »iH? toeS- "~ Tlle niil!kl 'f H well supplied •y™ potatoes, and prices remain unaltered. ... B *? at many complaints have been re«vefl latterly rcn.irding the tmallty of the that e i^ now coailu S to hand. It is stated rleht al 'f, on i-' h seme of them appear all ana V ' they tio not boil satisfactorily, ed t } ls reaHoll a lot have been returiiE»« n S 2 lere at thu end - So far tnt " reason Z ° ot . been discovered. Fair lu-qulry is ftSTS f « Early lU,Ke aucl kidue y seed fIS»3 c North, and then; Is some little •toted at e l3 a w 0 / DerweDts - which are tlon at f^rn he oat marke t shows no altera*epfc ly in tnp Position as reported a Loufl nn ae °' Krei e hts 'i , ™ the Soutli to Jβ tn« Bre StlU very low ' bpln K oll ly 15/ best Cousequ<?ntly ste aJy shipments of eraoe oats are being made. The flrm-

°mar e c TF***" ** attri b n ted, howMaize.—Arrivals since last reDott totnl o n tr r rt!^ t h^ B r^r price armed about a peSTy yei * coming to hand, both from tkSo ßth tZ aim, trom Australia. The latter is reported to be of good quality, but Imdry baWd Prlees are however, about tt* sine mJe Southern chaff ls freely Therl U consxderable difference in the chaffS the bouth as compared with Australian. In this ooloay the oat is altowed to ripen before It Is cut for chaff, but in AusSaUa it L« U h bef " re the gl2,iu ls thvs having more sugar in the stalk. Some feeders here favour the Australian chaff as they consider it pays to mix oats with it Grass Seod.-lnquiry is setting In for jj" s £' d * fOT s P«-J«g sowing. In the botrth the demand for ryegrass seed this season has almost been i record one and the rnurtot there is consequently ' very %Sk a u J ,* S re con earn II stocks held. Cocksfoot seed has met with some inquiry from Loudon. Heavy seed is reported ra very scarce this season The crop of clover seed did not turn out so well as was anticipated, with trxe result that prices are firmer Milling Wheat. — The V arket for this cereal remains firm, and'millers iv the 9 ??* 1 to •* buylUff more freely now that the excessive competition in the price of flour has been done wtth by the formation of the association to ensure better prices. and Sharpa are meeting with steady alte^locany fre * ly ' PrlCeS unButter and Kgj?s.—Prices for butter ehe-w no change this wwk. Eggs declined to 9d per dozen whoiesuJe. Bonedust and Manures are leported to be selling freely at late quotations. PKODTPCE MARKET. Farm and Dairy Produce.—Birtter: New Zealand Dairy Association, lid lb; factory, 10d to lid lb: farmers' separator or dairy butter. 7d: second quality, 6d; freac eggs. 9d per doaeu, wholesale; cheese farnaers - . 3d to -id lb: factory large 4*d-' medium 43d; loaf, >"id Flour Market.- Kic-ir. local, wholesale, E.<) 15/ (less discount): Tvhp>i:ineal £9 15/: ''ran, 1601b, £3 7/6, lOlVb, £3 10/: sharps. iWIb sacks, £5; oateral, £10 10/ per ton. Grain.—Oats: E l-n>, 2/3. ex store; Algerian seed. 3/. oUaSI.i. 2/0; fowl wheat, ■Vi. ex store,, sacUi included: Southern milling wheat. 3/0, f.0.b., sacks extraWhite Tuscan sped, 4/3. Chaff.—Sonthfiii. £.', 5/. px wharf. Onions. —Victorian, 7/ ewt. Potatoes. — Canterbury. Derwents, £2 T2/6 to £2 15/ per ton; Derwect seed, £3 Coal and Firewood tea Meets.—New-ca«tle CpaU at yard. 28/ per ton, delivered 31/; VVestpart. 30/; Taupiri. best household, dellvercd, 12 sacks to the ton—tons 27/ discount 1/ for cash: half tons. 14/6* riscount 6d; qnarter tons. 7/3. disconnt ."5d -:t\r cash; hundredweights. 1/9, no discount Picked steam, 12 sneks to the ton—tons 24/, discount 1/ for cash; half tons, 12/u' discount Gd for ensh: qnarter tons H'9 discount, 3d for cash; Union Colliery, 23/ per ton delivered, hall' ton, 12/, quarter ' ton 6/3 cash; steam coa l , 21/ ton. 11/ half ton and 5/9 quarter ton. Firewood: Uncut at wharf, cargo 7/ to 0/ per ton; delivered W, uncut, cut 13/ to IC/. Btrlldius Material.—Boards and seautiing. undresspd, 100 ft best, 1676; medium U/6; 2nd class. 10/G; best plaaed, tonsued and grooved. Ist class. 18/6; medium 15A>second class, 12/6; rusticated weatln"hoards, Ist class, 18/6; medium, 15/6; 2nd i inss. 12/6; undressed boards, Jin thick. best. 13/6; medium. 11/6; 2nd class »/■ rough lining boards, Bin. second class," i/; lining boards, planed, tougued and grooved, best, 18/6; medi-um, 15/6flnss, 12/6 (specified lengths, flooring Tilling and weather boards. 1/6 extra)boat boards, specially selected, 18/6 for Jin, 17/6 for gin; kauri palings. sft sap, »/; heart. 11/; tl-trce rail. £3 10/ per 100 purtri posts. 1/ to 1/e each; shingles n/ per lOOO; Elobart palings. sft, 11/; 6ft' 19/' rails, 80/; dry pressed bricks, 62/6 per 1000 : ordinary bricks, 60/ per 1000; fire bricks' -i-tn, £H; and rfjn, ii!) per loot): Ore clay GO/ per ton; hydraulic lime, 2/ per " ' cwt bag; drain pipes, at works, 21 n drain tiles, I.2iu lengths, 50/ per. 1000; 2Jin, 70/- 3in o ?nL 4iJ Vf /: e n- £15 P«r sockei pipes, 2ft lengths, 7d each; 41n, 9d; 6in 1/---512 ^,12^. 3/:15lB ' 4/6:181n ' 6/;^: G. W. BINNEY l SON'S EBFOKT. On Tuesday hides, sheepskins tallow etc, sold frwiy. Hides, ftrnw, and we .leared a large oataJogne. Prime ox 7d to ,Jd; extra "ston-t, BJd to t!}d: stout, 5d to •.Hα; medium, 4Jd; light aud sheety, 4d to 4id- C-uv/, best lines. 4£d; wet, SJd to 3jd: liips. 4d to 4£d; calf. 5d to s}d: stags, 2M to per lb: damaged, nominal. Sheeixskina sold freoly. Lotal green and salted, to 5/9; eood Hues, to 5/; conntrv, waited, up to SOJ<I( 4/3 to 4/9; smail, 2/0 to 3/3; dry. 2/6 to 4/U. Pelte, sound, yd to I/O: damaged, Id to Gd oaeh. Tallow, best mixed. IS/; good, 16/ to Iti/ti; siK-onds. 12/ to 15/ per cwt. Hough fat. lid per !b. Hones, £.j per ton for good dry. Cow tails. 1/5 per dozen. Horse tail hair, 1/1 to 1/3; mswie, 8d to 9d Der lb. SOUTHEHN MARKETS. (By Telegraph—Press Association.) .DUXEDIN, this day. Wheat, milling:, has hardened, but business passing ls small, aud fowl wheat Is scarce. Prime milling i> , , worth 3/2 to 3/6; medium, 2/11 to 8/1; best whole fowl wheat 2/8 to L'/IO: broken, 2/3 to 2/6, sacks extra. The oat market is quiet. A grade is in trood demand, but for other classes snippers are not disposed to buy at present values, and prices If anything are easier. Prime milling is 1/7 Ato 1/8J; good to best feed, l/T> to 1/7; inferior and medium, 1/2 to 1/4, sacks extra.