COMMERCIAL.

Dominion, Volume 2, Issue 451, 9 March 1909, Page 8

COMMERCIAL.

THE SHARE MARKET. '~;' ' . Sales of National Bants at £5 35., and the right to'the. new issue of the Equitable Building at 10s. premium were reported. ' The market was quiet, as is usually tho caso on Monday. Bank 0f,,N0w,.-Zealand,, sellers .£8 Us.; National Banfcy-buyers £H> 25,-;.-National Mortgage, buyers M'-lis., sellers <£2'165.; New Zealand Loan' and Mercantile, buyers 2s. 8(1., sellers 35.."3d.; Wellington Investment, buyers 11s.; Wellington Trust and Loan, buyers • J!7 Is.; Wellington Deposit, , sellers 95.; Wellington Gas, .£lO paid, buyers .616 17s. 6d.; now issuej buvers 12s. ■ Gd. premiunir National Insurance, buyers New Zealand Insurance, sellers £3 Ids.; Christchurch Meat, sellers .£lO 12s. Gd.; Gear Meat, £1 paid; buyers 10s.;'Meat Export, .£2 12s. 6d. paid, buyers £3, sellors £3 Is. (ill.; Westport Coal, buyers £6, sellers 35.; Wcstport-Stoclcton Coal, sellers 95.; Leyland- ■ O'Brien "Timber, sellors il'2s. -9d.j New Zealand Portland Cement, buyers .£1 14s. 6d.; Taranaki,Petroleum, buyers ,75.. : . ~, ; THE MINING MARKET. Salos of iWaihi at £S lGs. ■ 3d., Talismans at '£2 65., and Komata Reefs at Bd. wore reported. The market was dull. The quotations wore as under:— ■ ..." ~ ,i, •' ■Buyers. Sellors. Sales. :. '-.■ : . £s. d. £'s. A. £s. d. Talisman " ... ... 2 5~9 2 G 0 2 6 0 Waihi - - " 816 3 N.Z. Crown ... ~.-■. - 04 4 - Saxon ... ■ .V 0 1 9 0 110 - Komata .Eeefs ... - 0 0 8 0 0 8 Big River , , ... ... 1130.1 17 0 T LONDON WOOL SALES. The secofid of the series of London wool sales /will begin to-day, and there! should , be ■considerable activity in Coloman Street, with a strong upward tendonoy in values. The statistical position as compared with March sale last year is as' under:— , ■..'.. '. •• ■> March, 1908.' March.l9o9. • Bales. Bales. ' New arrivals. ■■' .... 340,000 ■ . 420,000- • . Sent direct ;..' r .... 169,000'; ,236,000 ■ ■/. - ■■■'■■''■•■ 171,000 184,000 ' Brought forward ... 30,000 9,000 Total available ... 201,000 193,000 . The now;arrivals show an increase.of 80,000 bales, while , the direct shipments were more by 67,000 bales. Owing to a smaller carry-over the total available for the series is 8000 bales .less than last j;ear. Supplies appear to be ' ample, but in spite of this there is every indication of 'an'-'improvement' in .values.' At the Antwerp wool sales last week.both raerinosand orossbreds: firmed, and as the Bradford top innrkot has exhibited ; 'strength; it seems safe to predict! a general advance of 5 to 10 per cent. Last year the March were depressed, and proved disappointing to every section of tho trade. Tho fall. at the opening was 10 ta 15 per cent., and''as /the demand weakened ;■ there was a further:decline, but towards the'close there was':a recovery of about A halfpenny per lb. , ;; .■'•..■'"

i NEW ZEALAND SULPHUR WANTED. Tho Department of Industries and Commerce Js in recoipt of a letter,' dated January 30, from Mr , . H. M. Hazlewood, secretary of the Indian Tea Association, Calcutta,'with,'referenco to some samples of sulphur forwarded by tho Department , to " the Bengal Chamber of Commerce in December last. . ■:.:' : : > Mr. Hazlewood states that considerable quantities of sulphur are used by tea-growers almost exclusively for the purpose of dealing with certain of the insect blights of the tea plant. For this purpose practically pure sulphur in,a very high state of, subdivision is required/ . Sublimed flowers of sulphur of a purity'ainounfing' in some cases to as niuoh as 99 per cent, can be imported at..a cost of-about ton c.i.f. Calcutta, I ' , bu'V , Mi , ."' Hazlewood advises that tho committee of tho Indian Tea Association consider that it might be possible to land Bulphur ftom White Island at a figure that .would enable it ■.to compete with the'article that is now supplied in "India; Theisulphur would require to be refined before being sent to India, in;order to make it as pure as. that already oa the market.M;'-. ~ The Customs .revenue, collected at Wellington yesterday amounted to .£1435 25."4 d. i ,;..; vit °' „.. FEUIT AND PEODUCE EEP08T5........" _ Messrs. Griffiths and Co., Ltd., report'quotations at their fruit and produce market yesterday as follow:—Potatoes, choice,'3s. to-45.; inferior, 2s. 6d. to 3s;;'■'bnipne, '6s. CTff.', locals; cabbages, choice,' Is. Gd. to 25.; cauliilowers, 4s. to ss. sack; peas, 6s. sack;'beans, ,, :'ls."to'ls. 6cl. part sacks; tomatoes, choice Hutt, 2s.' 4d. ; to 2s. 6d.; prime, 2s. to ,2s. 3d.; lettuce, choicest, Is. 6d. to 25.; inferior, 6d:'to 9d.'banana cases; P urns, choice, 4s. to ss. 6d.; prime, 3s. to 4sr wl.;'apricots, nonein'market; peaches, choicest desserts, ss. to-65.; prime, 4s. to 55.; choice cookers, 4skH;oi4s.-;3d.; , ordinary, , 35. , to , 3s! 6d.; apples, choice, red dessert, Bs. 6d., 9s. 6d • prime red dessert, 7s. to Bs.; choice green cookers, ss. to ss. 9d.; prime green cookers, 4s. to 55.; others from 2s. 9d. to 3s. 6d.; nectarines, very scarce, 4s. to 55.; pears, choice desserts, is. b(l. to Bs. 6d.; pears, prime desserts, 6s. M. to 75.; cookers, 35.,t0 45.; eggs, fresh,,ls.. 7d.; table carrots, 2s. to 2s. 6d. sack rparsnips, 2s. 6d. to 3s. sack; swedes, Is.;; in'half sacks;, mar-' rows, Is. 6d. sack; beeh-ppt, 25..'.9 d.. to'"3s.' 6dj eack; celery, 9d. to Is. dozen. '

WELLINGTON MARKET REPORT. Laory and Co., Ltd;' Wellington, report .wholesale prices ruling- on ythe market:—: Wheat, fowl ds. 6d. to 4s. 9d., broken 3s. 9tl. to 4s. 3d.; oats, 2s. Id. to 2s: 6d., dun oats 2s. Id. to 2g. 3d. j seed oats 2s. 9d. to 2s. 10d., Algeriaa seed oats 2s. fid.; maize, ss. to ss. 3d.; crushed malt, Bs. 9d.; fowl barley, 35.; horse beans, is. Bd., all at per bushel; ricr;nieal,. j j£Vto .£5 55.; flour, N.Z.,'.£11 40s'., Australian-.£lo 15s. to ,£11; bran, .£4 15s. to ±5; pearl barley, peas, partridge 4s. Dd." / Prussian bluo 65., fowl peas is.- 3d.,- spit .£lB 10s.; bohduct, ,E6; superphosphates, £5 to £5 55.; guano, £i 10s.; chaff (gatensheaf), JC3 10s. to £ij oatmeul, £10 10s. to £10 155.; new potatoes, .£3 to M 10s.; onions, M; molasses fodder, .£5 10s.; bacon, factory, sides 75(1.'; hams 7}d., rolls Bd.; prime bulk butter, B}d; Poultry Hens 35., ducks 4s. to 55.; turkeys, "gobblers 11s. „ to 125., hens 9s. to 10s.; fresh eggs, Is.: 6d. to Is. (d. per dozen; cheese, Gd. to 6jd. per lb., loaf «I. per 1b..; Akaroa machine-dressed cocksfoot 9d., farmers' dressed 6d. to 7d. per lb • •ryegrass, 3s. 3d..t0 4s. Gd/'per bushel; Italian ryegrass, 3s Gd. to 4s. bushel; white clover, 70a to 755. owt.; red clover, 655. cwt.; cow grass, 60s. cwt.; alsike, 82s. Gd. cwt.; mustard, 40s. cwt.; trefoil, 375. Gd. per cwt.; rapo seed, 265. cwt.; timothy, 325. Gd. cwt.; swede and turnip seed, GOs. cwt. •,.

;THE LONDON, MARKETS.' ■ ... ■ The New Zealand , Loan and Mercantile Agency Company, Ltd., have■received the'following cablegram from their London house, Under date March 5 :— New Zealand wheat.—Spot, "ex granary" p.: 49G11).—Longberried, 405.; shortberried, 395. Gd. pnr quarter; parcels, p.: 4801b. c.i.f, 3Ss. Now Zealand oats;—Sparrowbill, "ex granary" p.: 3511b., , 225. Gd:; c.i.f. p.': 3§41b., 21s. Gd. Danish, "ex granary" .p.:- 3201b., 18s. 6d.; ci.f. p.: 3201b., 17s. Gd. Nominal quotation.

HIGH COMMISSIONER'S CABLE. The Department of Industries and Commerce has received the following cable from the High Commissioner, dated London, 'March. 6, 1909:— - The mutton market is weak. Stocks, on hand are heavy, and are widely distributed amongst agents, who are pushing sales. There nro large shipments coming forward, and prospects are unfavourable as buyers are not inclined to make forward purchases at present prices. The lollowing are the current nuotations:—Cantorbury, 33d.; North Island," 3d.; Eiver Plate, 2^d.; Australian,-2td. per lb.-' r • '.-■ •■ The lamb market is weak. Stock is'heavy, and there is a dull sale for all brands. Curicnt quotations are:—Canterbury, 5Jd.; other than Canterbury, 4J<l.; Australian, M. per lb. The beefmmarkert r is steady, and. there, is a better demand. Hindquarters are. quoted at 2|}d.', and foreqnarters at 3Jd. per lb. The butter market is quiet but steady. There is an incveasing-clemancl for be.tter 'grades, ,but less demand for secbnd : clnss quality. Choicest New Zealand butter is quoted at IOGs.; Danish'; 1155.i Australian, 1035.; Argentine, 1055.; and -Siberian, 102s. per cwt. The cheese market is firm, with an improved Jemand. Coloured makes, of which demand ixeeeds supply, are quoted at Cis., and white jtinkus at COs. per cwt. The hemp market is qniet, with small busiaess doing. Holders 'are more willing to sell. Current quotations are:—On spot, good fair ?rade, JC23 10s.; fair grade, ;£22; fair current Manila, .£23. April-June shipments: good fair jrade, ,£23 05..; fair grade,VT.E2l 155.; fair current Manila, i£22 ss. Stock held in London amounts to 2W tons. Last week's Miinila output, 25,000 bales. There has been no alteration in tie cocksfoot aeed market 'since last week. ' The wool market Ls firm, with more inquiry, especially for fine quality. THE FROZEN ; ' |bi tei.kuiiai'U— mess association—corirKtonT.) .London, March 7. ■ The Frozen Meat Trade Association's Smithield Mai'ket auntationi fur tho undermiintioncd

classes of. frozen meat aro based on actual sales of not less than one hundred carcasses of mutton or lamb, or bvcuty-iivo carcasses of beef of fair average quality. These quotations are not for selected lines, but for parcels fairly representative of tho bulk of the shipments now on the market: — l'eb.2B. March 7. d. d. Mutton— , Canterbury, light 3} 31 .' Canterbury,. medium ... 3} 31 Canterbury, heavy 35 3i Dunedin and Southland ... 3 5-16 3J North Island, best brauds... 3 5-16 3j North Island SJ « 3 Australian, light 2J 2 9-lfi Australian, heavy 2J 2 7-1G River Pinto, light 3 25 River Plato, heavy 22 2 IMG Lamb — ■Canterbury, light 55 RJ Cnntorbury, medium ... 5J 5 3-1G Canterbury, heavy i\ i$ Dunedin and Southland ... — — North Island 4 15-16 4 13-16 Australian, best i\ 4 Australian, fair 3J 3$ Australian, inferior 33 3| River Plato 3J 3| BeefNew Zealand fores 2J- 2| Now Zealand hinds 3J 3$ Australian fores 2f 2J Australian hinds ... '...' 3 3 ■ River Plato fores 2 11-16 25 Eiver Plate hinds 3} 3J "

. COLONIAL AND OTHER PRODUCE. (Nt TBLEdKAPH—I'IIESS ASSOCIATION—COrTUIGnT.) ' - London, March 7. Copra—ln better demand. South Sea, .£l7 7s. Gd. ' Hemp—Market quiet. April-June shipment, ,£23 10s. , ' Kauri—ln stock, 458 cases. Wheat—A cargo of Australian sold at 40s. Kabbits—Market easier. Large Australians are retailing at 17s. to 18s.; small sorts,. 15s. to 165.. THE METAL MARKETS. , London, March 7. ■' Copper—On spot, ,£56.105.; three months, ;55.; electrolytic,'.£33. . . spot, £130 55.; three months, .£l3l 1.55. : Lead, ■ .£l3 Bs. 9d. Antimony, .£7 15s. to .£B. Tinplntes, 12s. 4d. and 13s. 4d. Angle'steel, £o to .£7. DOMINION RUBBER COMPANY. Dunedin, March 8. The first annual meeting of the Dominion Rubber Co., whose planting grounds are in Siam, was held to-day, when the directors' report wns , adopted. .Messrs. W. L. Simpson and A:'Anderson were re-elected directors.