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COMMERCIAL., Auckland Star, Volume XL, Issue 84, 8 April 1909
Auckland Star Office, Thursday, April Bth, 1909.
A decided improvement has set in with the month's business, and orders coming in at the present time show a healthier volume than 'has been the case for some considerable time past, indicating that the trade for the winter months le likely to prove materially better than was tbe case last year. A noticeable feature all round is the placing of replenishing orders, stocks generally having been- worked down to a very small compass in the wholesale houses, and as the market may be regarded as favourable for buying at present quotations, the next few weeks should see considerable business going through. Shipping also lias been much brisker during the past week, and at present several large Home cargoes are being landed. Currants.—The position Is firmer, and arriving shipments are awaited to meet Inquiiies. Dried Fruit.—The sale for all varieties still continues slow, with prices unchanged. Arrowroot. — Higher prices are being asked, and are likely to rule for the next few weeks. Camphor.—The market is reported higher, and as it is likely to .still further improve, orders should be placed promptly. Popper.—Beth black and white have advanced. Cloves.—Tbe market remains steady. C'arraways.—Prices for forward delivery are considerably higher, owing to shortngc of supplies, and as the new season's seed will not be ready for shipment until about August, prices iv the meantime seem sure to advance. Canary Seed.—There has been a slight rise in recent quotations. Hemp seed is a little easier. Copper.-Indian types are short, and prlees are considerably higher, Mocha is being quoted slightly lower. Codfish.—The brisk demand has practically exhausted stocks, and only a small quantity Is nt present Available. Citric acid maintains Its firm position, with prospects of another advance. Starch.—There is a shortage In the leading Home brands of starch, pending Hie arrival of the next shipment.
Desiccated Coconnut.—Latest reports show the mniket to have fallen, with a further decline likely.
Fungus.—The recent rains have increased the supply, and unchanged prices are still being given for well-dried parcels.
The kauri gum market lias shown little movement during thp past week, there being no alteration in prices. The quantity of gum sent iv for the month of March was 880 tons, and the export for the same period totalled 940 tons, of which 801 tons went to tlie Tinted States and 340 tons to Europe. Some gum was shipped by the Hauroto to Tahiti, en route for San Francisco. The Tokoinara is to take amy a good quantity of gum. Supplies sent Wn for the seven days of April total ltiu tons, as compared with 244 tuns for the same period last month.
R'lslness has shown considerable improvement mi the Exchange during the past week, and a fair number of transactions have taken place daily. Waihi shares have again advanced In price, being sold up to 185/, nt which figure there were further buyers. (Iranil Junctions sold from 28, Ii to 29/. but Extendeds dropped buck to 2/11 and 8/. Talismans sold at 46/0. and Crowns ndviinced to 1 :t. Several transactions took place ln Waitaugl shares tit 3, 8 ami 3-9, and Old All.uinlas advanced to l/<">. Very free Gales were made of Itoyal Oai.s at prices that fluctuated according to the reports ot hauls or picked stone, the latest sales being at 1 II for contributing issue and 2/ for paid-up. May Queens were easier, being sold down to J/7 at the late call .yesterday. Saxons also changed hands at 1/8 and I' 9. Good business was done in investment blocks. The most leniarkable advance was In N.Z. Cement shares, new Issue selling up to 33/, while for old 38/ was offered without sales resulting. N.Z. Insurance soli! Nt 79/, and Auckland Trams ordinary Issue at 22.. while sixpence less was offered for the preferential issue. Ilikurangl Coni shares nic now wanted at 17 10. but pollers asked 2u... '1 here have latterly been steady buyers for Taupirl Coal HI IS, 0. but no sellers quoted. The Exchange closed this evening for the Eistcr vacation.
Maize. — Locally-gi-nwii tubers nre now dropping uway rapidly, anil practically all attention |„ given In Importations from I lie South. Fairly heavy shipments are coming in hand, from thai quarter, and as there is no outlet for export the pnspects seem sum.'what gloomy, as there does l.ut seem much hope of ,-iav advance in price In tlie near rut lire. The Walromi is due at the end .-f "|tie week c ith a very heavy cargo of potatoes from Oimarii nnd Tiniaru. The Mononul also brlnirs putatoes, .'mcl further supplies are ever, ted by the steamer next Monday. It is therefore quite evident Unit the quantity of potatoes available for the coming wick will be fairly heavy. Still, as the consumption is steady, no ilitficuity should !>c experienced In distributing these supplies.
Onions are being offered freely from the South, but as there lire still plentiful supplies coming to hand of locally grown onions of excellent quality, no import business is being done from Canterbury. Values remain at £"> 10/ to £t"> per ton ex store.
Milling Wheat.-This grain is firmly held owing io the advances in London. Compared with Australian prices, however. New Zealand farmers apparently recognise that there is a surplus lha't must be exported, and that some chance must be given to the shipper, as quotations here are about 61 lower than In the Commonwealth. All transactions now are on a basis of London f.o.b. values. Both tniliers and speculators appear to be buying with extreme caution at present.
Bran and Sharps. —A fair amount of business Is passing in these lines. Trices are unaltered this week.
Oars. This market Is still depressed owing to th" yield this season being ditch a heavy one. with no apparent untie* for the surplus, unless lower freight charges rule to London. There seems little chance of Australia purchasing New Zealand oats this season which leaves only London to look to. Locally. a fair amount of business is now being done for forward delivery. Trices here have been cut so much by consignment sales that all transactions are In favour of the consumer, there being no margin of profit for the merchant. D grade outs are quoted 2,0 l wholesale for prompt delivery, ex ship." Grass Seeds. So far -the season has been a poor one In respect to* 1 - sales of grass and clover seeds. live grass seed is quoted unusually low inst now: in fact, farmers might' do worse than 011 orders for the spring requirements novi when such low rates are ruling.
Algerian seed oats are meeting with slicht Inquiry, the price being 2/0 to 3/ wholesale. Barley.—The price ruling for barley Is still low as compared with wheat or maize, and us a result more sales are being made, the quotation being 2/9 to 3/, ex store. Chaff.—Arrivals of chaff have been quite short of requirements, with the result 'that prices here have temporarily hat defied. There is ample chaff yet tc. come in. and with liver weather the machines will get rnnutl the country cutting the chaff. Some farmers are disposed to hold their chaff over for later In the winter. Fair shipments nf cliiilf are to arrive from the South next week, which will be landed at a fraction above the price asked for the local article. The Southern chaff this yea'" is reported to be of excellent quality. Local chaff Is worth £-1 per ton. and Southern (In arrive) £4 15/. Fowl Wheat.—The demand for fowl wheat has fallen off latterly. Wheat is still being offered from the Waikato district, and is realising prices equal to that asked for Southern milling. Butter. —The London mnrket eased in price this week, but this is too late 111 the season to seriously affect the position here, as the factories will close down in about eight weeks' time. The principal loss will be made by those who purchased the output from some factories for the whole season nt IU.I. So far. factory butter is still quoted nt I'M wholesale. AUCKLAND MARKETS. Farm nnd Dairy Produce.—Butter, factory. 1 ii* per lb, farmers-, separator or dairy butter. <"4d per lb: fresh eggs, 1/0 per ile;;.'ii wholesale: cheese, farmers', from *»d tc. <!>.d per lb: factory. 6*d to 7d; bacou, sides, Si'd. rolls '.I'd: hams, OJd. Grain.—R grade. 2/2, ex store: Southern milling wheat. 4/6. f.0.b.. sacks extra; fowl wheat, 4/7. ex store (sacks in): maize. 4/3. for wholesale lines on the wharf: barley. 2/S. l'otu toes. —Local, £3 10/; Southern. £4 5V per ton. Chaff.—Local, £4. Southern, £4 15/. Onions.—Local. £3 10/ to £0 per ton. Flour.—£l2 (less discounts;: wheatmeal. £12 liess discounts); sharps. £6 121/6 per ton; bran. £.1 17/6; oatmeal, £13 per ton for 2Ci's, wholesale. MESSRS. G. W. BINNEY AND SONS" REPORT. On Tuesday we offered and cleared large catalogues of hides, skins, tallow, etc., under brisk competition.
Hides.—Market continues nrni"'W'tli good Inquiry. We quote: Ox, extra stout, to "3d; stout, 6id to 7d; medium. 6d to 6id; light, 5Jd to s§d; cows, best lines, ogd to s}d; good, 4Jd to oid; seconds, 4d to 4id; stags, 34d to 4d; kips, 3d 'to Id; calfskins, best, 5d to ojsd; good, 4}d to 4Jd; cut and damaged hides, 3d to 3"* d per lb. Sheepskins.—Large, 4/2 to 3/4: good. 3/3 to 3/KJ: medium. 2/5 to 3/: small. 1/4 to 1/11; pelts and lambs, best. 2/9 to 3/; good. 1/6 to 2/6; secouds. fld 'to 1/3 each. Tallow.—Best mixed to 25/; sood 21/ to 23/9; inferior, ir./ to 18/G per cut. * Rough fat, lftd to lgd per lb. Cowtails. 1/S per dozen. Bones (cood. dry), £4 15/ per ton. Wool. —Fleece. s}d to Sid; lambs, 53d to 6Jd; locks, bellies, and mixed, 23d to 5d per lb.
COMMERCIAL., Auckland Star, Volume XL, Issue 84, 8 April 1909
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