COMMERCIAL.

Press, Volume LII, Issue 15752, 20 November 1916, Page 9

COMMERCIAL.

(Br Cable.—Prwa Association.—Copyright.) (Australian and N.Z. Cable Association.) LONDON MARXETS. (Received November 19th, 5.5 p.m.) I/ONDON, November S. Hemp.—High point fair October-De-ccmber shipment, £51 10s. Copra.—October-December shipment, £3!). Rubber. —Para, 3s 4d: plantation, 2s 7Jd; smoked. 2s 7Jd. Leather. —The market is very firm. Best Australian 22d to -"6d. Basils.—The market, is strong. The Government, having filled requirements, has released stocks, and there is a brisk public demand. First Hydneys 2-ld to 26d. Rabbits. —The market is steady and unchanged. Frozen meat*;. —The market is unchanged. THE COPI'ER MARKET. ("Received November 19th, S.lO p.m.) LONDON", November 17. In view of the fact that there is no great demand for -copper either at Homo or on the Continent, the rise in prices is attributed to the continuous demand, partly of speculative origin, from America, where trade conditions are unnsually active and prosperous. NEW ZEALAND SHIPPING COMPANY. THE YEAR'S PROFIT. (Received November lflth, H.o p.m.) LONDON, November IS. The New Zealand Shipping Company's annual report- shows a profit £140,115. A final dividend of eight shillings is declared, and there is carried forward £53,970. CHICAGO WHEAT MARKET. , NEW YORK., November 17. On the Chicago wheat market December deliveries arc quoted at 185 ccnts to IS2J, and May from 190} to 188 J. SATURDAY'S POULTRY MAR.KET. Messrs J. B. Mcrret-t and Co. had an excellent entry of poultry, but the supply was too inadequate for the demand, with the. result- that prices were again high. Table chickens, from 9s to 13s 9d, and ducklings, from 8s to 1-s 6d, were in teen demand. Hens are coming forward more freely, but the prices held good from os 3d to 9s Cd. Pullets realised os lid to 13s 6d. geese 8s to Us 6d, turkey hens 9s to ltis (3d turkey gobblers 16s to 365, all per pair. THE EGG MARKET. Supplies aro coming in freely, but tho demand is firm. Canterbury Egg Circle first grades realised Is -d, seconds Is Id per dozen. TATTERSALL'S HORSE SALE. Messrs H. Matson and Co. had an entry of 64 horses on Saturday. The average quality was on|y medium, and the demand was rather dull except for the very best sorts, but useful harness horses were competed for. Among the transactions were: —Account T. A\. Crossan (Dunsandel), hunting gelding, £11; account client, l'our-year-old mare, £24; account client aged pony, £10 10s; account H. J3rvis (Parnassus), aged gelding, £7 j account H. Borgfeldt (St Albans), aged gelding, £15; account client, five-year-old hack, £7 os; account Mrs Webster (Little River), aged gelding, £13; account A. Manhire (Papanui). aged gelding, £16: account R. Peters, aged mare, £7 15s. The usual run of aged hacks sold at slightly better prices than have been ruling lately.

LEESTO.N STOCK RALE. Entries for Friday's stock salo at Leeston comprised <50 bead of cattle, 111 fat pigs, 226 store pigs, and several small lines of sheep. There was a large attendance, and the prices obtained for all kinds of stock were very satisfactory. Fat sheep sold well up to recent rates, fat cattle showed a ll advance, and fat pigs were also better in price than on the previous sale day. The demand for dairy'cattle and store cattle was also brisk, values being rather firmer than at recent sales. Tho store pig- market opened well, and values improved as the sale advanced, notwithstanding the large entry. " The sheep wiles comprised: Aged ewes, 13s 6d to 15s: fat ewes, 20s; fat hoggets, 33s to 6d; two-tooth wethers (unfinished), 245; 60 ewe and CI lambs, at 20s 2d; 31 ewes and 29 lambs, l<ss 6d. Bacon pigs made 77s to 10<s; porkers, from 4oslarge stores. 38s to 565; small, from 18s. ' Fat cows made £9 5s to £10 10s; springers, £6 to £11; heifers in milk, to £14 ss; store cows, up to £8 2s Gd. ASHBURTON MARKET. Wheat —Business, which was more or less interrupted on account of tho Carnival "Week holidays, has again resumed normal conditions, and although there is a general enquiry on the part of millers, growers' lines are not being offered in any quantity. The market is verv firm and prices vary considerably in different cases, buyers' ideas of value showing a difference tff several pence per bushel. Selling values may be quoted as 5s to 5s Id, on trucks, for good quality Tuscan; Hunters and Pearl are so scarce that reliable quotations cannot be given. Oats —The only local business is of a retail nature, and anv lines of feed Gartons offering are worth 2s 3d to 2s lOd. on trucks. Chaff—Owing to the lower prices rilling compared to two or three months back, growers are not selling freely. Tho demand, however, is not great, being confined to local requirements. , The value of prime oatsheaf chaff is 72s M to 75e, on trucks. j THE PROPERTY MARKET. j Messrs Craddoc-k, McCrostie Co. had a long list of properties for sale by public auction on Saturday, and though there was a good attend, since, onlv one' property, that ot tho Rev. "F. A. Inwood. at Burwood, was sold, tho Rev. C. A. Tobin being tho purchaser at £1005. A section and bungalow at. Burwood was passed in at £00. *ot tho suburban property of Air Richards, also at Burwood. no offer was received. Several other properties were also submitted, but the values offered were below those of the vendors. A wctiou at Barrington street elicited a bid of £77 10s, and had to be passed in, and a scction and house in Sydenham were passed in at £100.

KAURI TIMBER COMPANY. The Bo aid of Directors of the Kauri Timber Company recommended the payment of a dividend of 2-J per cent., making tho total dividend for the year ended August 31st last <3i per cent. SOUTHLAND 1 MARKETS. tNVKRCARGILL, November 19. . Oats —Tho market is firm, and to all appearances will continue _ so for a month or two yet, but farmers must face the probability of lower prices in tho New Year. Already Canterbury merchants are offering to sell for Janu-ary-February-March delivery at 3s Id, f.0.b., s.i., equal to, say, 2s 7d, 0.t.c.5., through, storo. The current price to farmers for A grade Cartons is 2s Bd, 0.t., although 2s 9d has been paid this week. • Chaff. —The market continues • fairly firm, although the demand is limited. The current price may be quoted as £3 56, 0.t.c.5., for prime quality, hut farmers do not appear anxious to sell at this figure, ana some are holding for as high as £4. Potatoes. —The high prices arc restricting sales, and the market k quiet, although not a great quantity is offering. It is doubtful -n-hct-hcr merchants -would give more than from £!) 10s to £10, oa trucks, to-day .t-o farmers,, al-

though supplies in Invercargill are being firmly held at from £1- lOs to £13 p° r ton in small distributing lots. Wheat and Flour.—The market for wheat is exceedingly firm, and fowl wheat has advanced (3d per bushel during tho past week or ten days. It is cow worth about os 4d, f.0.b., s.i.. I? 5S commission. The price of flour remains unchanged, viz., £13 10s, but in view of the snipping arrangements from Australia being dislocated and thereby proventing the importation of Australian flour, it is very likely that flour may advance still further.

AMERICAN ENQUIRY FOR NEW ZEALAND FLOUP. A year ago New Zealand was importing considerable quantities of American flour, a fact which had a steadying influence on the price of locally-produced flour. Novy. owing to the sharp advances in raws in America during October, San Franci.-co dealers arc making enquiries in New Zealand, with a vieiv of importing our flour. A letter dated October 10th from a San Francisco dealer to a Wellington merchant roads as follows: — ''Our markets have advanced to such a point, where it is possible through the high prices of wheat that importations may be made of foreign flour. If you will kindly send us samples of yon r high-grade baker's flour, stating how packed and lowest possible c.i.f. price, there may be a chance of passing some business your way. "We prefer the flour packed in 981b bags, net. weight, as thi fi is tho customary package in this country. l'lcaso investigate and forward large-size samples for testing, stating manufacturers' i brand."

-MESSRS CRADDOCK. McCKOSTIE COMPANY, LTD. Messrs Craddock, McCrostie Co. report having sold by public auction: — On account lie v. In wood, the substantial two-storied residence, together with about 3J- acres of land, situate Burwood, to Rev. C. A. Tobin. On account Mr 'l'awnsley, superior building section, situate Nayland street, Sumner, to Mrs Cooper. On account Mrs Brett, her residential property, situate Montreal street, city, adjoining Girls' High School. On account Mrs Collins, the residential property, situate corner of Gloucester street and Montreal street, city. On account Mr Crawford, new bungalow-residence., situate No. 40 Antigua street, to Mr H. J. Trent. On account Mr C- Price, superior residence, together with 2 acres of land, situate Hose street, Spreyuon, to Mr Dickson. Having held successful clearing sales on account Mr Harnett-, at New Brighton. On account Mr McDonald, on the premises, Worcester street, Linwood. On aecouut Mr Robertson, on the premises, Madras street, city ; also on account Mr Dobbs, on the premises, King street. "We beg to draw special attention to important .sale on account P. Olliffe, Esq., to-morrow (Tuesday), of superior oak furnishings, Axminster carpets. Royal Doulton Flambc ware, etc., etc. On view to-day from 1 p.m. until o p.m., on. the premises, "Clovellv," "\Vhar«irai road, opposite Clyde road, Ricearton. On Saturday next, important sale of the Coldstream Loage subdivision in our land sale rooms. On Tuesday. November 28th, in our rooms, gigantic sale of furnishings. 8601

FARMERS' SALE YARDS. The Farmers' Saleyards Company report a record entry and attendanco at their sale on Friday. It -was 3.30 p.m. before the long list 'was finished. The following are the principal lines sold: — Horses: Draught mare £10, three aged harness horses from £2 10s to £-1. Rubber-tyred Ralli passed at £35 10s, spring dray £13 10s, 2 box carts £4 to £o each, 5000 ft timber at satisfactory priccs, grass mower £.5 los, plain and barb -wire and -wire netting, from 7s 6d to 29s (3d a roll: harness up to £2, 100 sheets corrugated iron fropn 2s to 4s 6d. Furniture and sundries sold at satisfactory prices. A record clearance was made. The refreshment room started for the benefit of country clients -was much appreciated. "We take this opportunity of thanking both buvers and sellers* for their support. daritfge and Smith, Auctioneers. 8590