COMMERCIAL.

Dominion, Volume 2, Issue 566, 22 July 1909, Page 8

COMMERCIAL.

■ i> . THE SHARE MARKET. ■■■|Sales-.:6f-'Gear Meat (it paid) .at X 2.125. and : . lieylairf-O'Brien 'Timber at;.£l 25. : werereported yesterday. 'The quotations were unchanged. :Bank of NeivZealand, buyers £9 25.Gd.rNational Mortgage,' sellers WellingtonInvestment, buyers , lie. 9d. cum div.; Feilding Gag, buyers ,£1 Os. 6d.; Wcllineton Gas, newissue, buyers £2 ss. premium; National Insur-, ance, buyers Bs. 3d.; "Standard Insurance,'; buyers £1 35.; .Union Steam, sellers fllfc' Gd.j Wellington Woollen, ordinary, sellers £3 Is.; Westporfc Coal, buyers £6 Bs. 6d.; West-', buyers 6s/ 3d.; D.1.C., prefer- , ' ence,,sellers £1 25.; New-Zealand Portland Ce-: ment,- £2 -2i'.;'■ 'Taranaki Petrolenni,'; buyers 7. The last-named are not procurable under 10.9.,: and holders are very firm. Oil is, "being obtained .in payable;quantities, and the outlook-' is ■.considered'. very_ promising. . ; ;". ;-', THE MINING MARKED ■'~; '.. • There was only one sitting of the Eichange, brokers closing in ' the afternoon because of Arbor Day and the races. The sales on 'Change' included May Queen'at ss. Bd., and Waiotalii,' two sales at Bs. 9d. The reported-sales were:— 15s. 9d., 16s. 3d.; Waihi Consolidated, is. Hid.,-ss. Id., ss. Ud.; Waitangi, is. 3d.-, is. 3}d M ■4.,3.?d., ; -4s. 4d., h. 4d.; Maori-' land, ,10Jd.; Dominion, ex ..rights, 10d., lOJd.;" : NgatiawaV,'ssd;" There was good demand yes-; terday'for New .Sylvias, which have had a. r sharp rise, the. A'uckjand .quotation going above '4s. \.There were also fair inquiries for Juno', tiohs , , .'Waitangi, May Queen,, and Dominion.. Mountain Kings were quiet. /The quotations, ;- -with' the.last recorded sales, .wore as under:—..

New Sylvia .........:... 0 3 8 • 0 : 3~9 "- — Progress, ........v......' O.li. 0 . —. . .— The following telegram was received yesterday, by the. Wellington. Stock Exchange from. Talisman Consolidated, Ltd.:—" Quarterly ■ divi■ijejid. of'ls'. 1 6d,.'i togsjther with bonus;of ls._-per shires-has declared- payable; August 25. ' Transfer -*books".slosed one day',; August .11;." >-/; ,: ;v:' V ; .the;wo6l sales./ -'\".; : ': r -;.'] Tholondon ; wool sales, which began on July ,'e, closed on Tuesday, and while'the tone'of the sales .throughout has been excellent and competition good,, the.initial decline has not been ; recovered. The quantity 'available for the sale: was estimated' at 150,000 bales, Jwhich included p 0,900 bales. bfQUgjlt foniard.,. The carry-over ■note 1 is'^iejOOO'bales^-that'is,; 6000 bales more! than was brought forward. Sellers; were apparently' not prepared to acoeptthe /lower quotations 'ruling, or,-what: ; is m6re' : likely,-the. brokers, finding tho demand not'equal to the ;supply, ! . cut.but two days of- the sale; and-in-:.creased .th'e^ciirryjT.oyer. 1 This ■ course.- was - fol-, lowed last vear," wick very good.'results. The .in ;the. different grades of wool are given .in the _private cables of ..local brokers, published in. another column.; The interest non centres in. the new clip, which is -ao iy in 'sight In the; Commonwealtb, shearing will begin presently, it" it' ; has .not already "commenced in some of the.northern localities.., The new Australian clip is expected to be a large and well grown one. . Furthermore,:it:is.\likely-to , be , clean; and "largely freo from burr and seed,"• and, Rowing - to ..the fact. that , , the. sheep .have < dpne.';.well.jalmost ythe first,: the. fleeec* promises to be well nourished with yolk, and,' therefore',; on. the; heavy .side. ..The New Zealand;clip should also be. a big one and ■ well' grown, for. the season here has been, excep-'. tionally good. ;-As to price, it: is difficult, to' Bay at this.'early 6tage, but;'broadly speak-, ing,':the position will depend to a'very, large extent on the-demands , of: the Americans.. '.

.;;,:: ./ ;; ;iTM MAEKETS. '. : \--..\:'. . There.ia a' dullness "in trade,, not unusual at this i.time of .the. year,- and merchants do not look for' muih improvement before another month. The' wholesale drapery houses are now busy with' stocktaking, and. :early next 'month the-v new '.spring/ and ■sunimer .'goods (.will-; be shown; this should lead increased',business.

. Almonds.—Sweet Sicily almonds are.firm and stocks are light. .■' ..■■.•;..■•.:.

Arroivroot.—The market is bare, and thert is , difficulty in securing fresh supplies - Caudles are selling treely, as may be expected at this time o£ the year. There are full supplies of imported and locally-made candles The Now Zealand Candle Company's quotations, issued Decemb'er 10,' are —Promier'b steanne and five' medal, 5Jd.; British sperm, French sperm, Unversal wax, Excelsior paialßne, 6d., Apollo sperm and Venus paraffine, 6{d.; Venue coloured tluted, 6jd.; piano, bedroom, and carnage sorts, packed in. cardboard boxes, 7Jd.; less the usual trade discounts. Price's London sperm, 16oz, 6Jd., Hoz, 6Jd.; Burma, 16oz, Bid. ' Cornflour.—Steady business passing. / B. and P., sid. to 5Jd.; Johnson's, 2id ; Browns, 3d., Chicago, 2jd. ' Cocoa.—A steady hand-to-mouth business is doing. Van Houten's, l's, 3s. 2d.; J's, 3s. 3d., i's, 3s. ii per lb.; Bensdorp's, l's, 2s. lGd.; i's, 2«. lid.; J r s, 3s ; Fry's, Vs, Is. i\i.; Bahia, 2s. 10.1. Coridensed milk —Highlander, 55.; Cowslip, 4s. 6d., Swiss Milkmaid, 6s. 6d. to 6s lid. per dozen.

Canned Meats.—Sheep tongues, 10s. 6d. to Us. for l's; ox tongues, 2J's, 31s. to 3is.; 3's, 345. to ,365. .per .dozettj-iGear's: assorted; potted, 4s. 6d.; St. '.'Gebr'geV ss. ;,U " ■-. ...': .-':.■-"■.■ !'i.CannedyF^sh;—Only_a.very moderate bnsiness is: doing, in canned "fish.—Herring in tomato sauce,: l's,. 75. ; to, 75.,6 d.;. $'s, is.- 6d. to 55.; "kippered-. hefrings,-!.'-.l's,. 7s. . 6d.. : to ■ 7s. ■'3d..; J's, 43.'. : -.6d.:-,td";-Ss.;.' fresh herrings, l's, '6s. s to Gsl eldJ;"lobster, C and B, Jib. tins. J4e. 6d; to 155.; salmon, salad, medium reds, lib. tails.'Bs. ;6d,V toi:9s.-; lib. flats, .95.: to: 95.. Gd.; silver,'tlb. flats, Ss.jiGolden Link, Sockaye, lib. tails, 10s; 6d.; lib. flats, lls. ;-Southern Cross," £lb'., 6s. 6d'.'"." Herringlets.'ih oil, Senator brand, Bs.. to. Bs.. 6d,j in tomato sauce, 8s: to Bs. fid.; ■sardines, Skipper,'.£lb..tins,' ss. to 55. : 6 d.; i's, 95. ; Sd; ■■ to T lQs.; '"King Edward," 9d.: to ,ss'.*;'|'sr' ; Bs-6d:y: ling; r Smethurst-brand, v is : mal>infpsss;'tb cwt: Mail advices from America under date June! 17 stated stocks bf'xsoclcdye' and red salmon'in first hands/both locally ■ and: in. England, .were'.practically :ex r hausted, there being.only a few cases ,of halfflats left As regards Praser and-Skeena Eiver sockaye prices £or $lb. flats ' are , somewhat easier.".in the .United States.- -Nevertheless the market forward, for sockaye has never been'so bare of suppies. A good run may be expected 'on the Fraser Eiver, but owing to various causes—labour difficulties and so on—the preparations for the season's catch are not on the soale.of the last. big ..catch of four years ago. It is expected, that the pack will'-'show a fall of 800,000 cases as compared with the pack of 1905. In the United States the Chinook market has opened.at 1.65 to 1.75 and 1.05 dollars per dozen for talis, flats, and halves respectively— the same prices' as have rilled for two. years past. No. prices hav.e been sent' forward for Puget Sound^sockayej , . but the-markets accord-' ing to the private advices quoted, is expected to open on the basis of 1.35 to 1.50 dollars for tails and fiats respectively. .-'•-... :

Chemicak.—Cream of tartar, 95 per cent., 9Jd. to 10(1.'; 99 per cent., 9Jd. to 10d.; tartaric acid. Is. 3d. per.lli.;.soda crystals,,,£s 10s.; bicarbonate ofosbeta '.£Joj',los.; calcium carbide, £15 to bluestc.noy;i32 10s.; whiting, ,£i 15s. Canriedvfruits : with fair sales, and quotations rule at 8s: 6d. to 12s. 6d. Queensland'advices with regard to tinned pine-apples'are-unfavourable. The fresh fruit demand would.be.sufficient to absorb moro than the quantity -estimated as likely, to be received, so";tnat /from the point of view of the packing .factories,, the winter crop may bo regarded as '.alm"pst' ; a total failure; while the slimmer'pack to be a light one. The market in Queensland consequently shows a firm tendency; ■ . ' ■■-■■■ : Dried Fruits.—Currants,, finest provincials, 2jd. to 3d., cleaned Amalias 3d., lib. cartons 3s. 6d. per dozen; sultanas,'selected.3}d:; choico Ml., golden , 4Jd.'to;sld. per lb., lib. cartons 4s. dozen. Dates./bulk, 2Jd. per lb.; car'tons, Bs. 6(!: ; per-dozen. Pies, 12oz". glove boxps, 3s. 3d. per dozen. Figs, lib. layers, 4|d.; 51b. naturals, sd. per lb. Seeded raisins'are slightly lower, fancy lib. packets 45., choice 3s. 6d. per. dozen. Muscatels, Californian, s's boxes fid., 10's51u;,.20s's.4idi'per,lb.;.Malaga,,5J's:at lOd. per lb. '"-.' . " .'".':- -.'• .

Evaporated Fruits.—The quotations aro unchanged, apples, apricots, and peaches making from 7Jd. to Bd. per lb. Infants' Foods.—Neavo's, 9s. 9d.; Allan and Hanbury's Nos. 1 and' 2, 175.; No. 3, 10s. 6d.; Benger's, 175.; Eobinson's patent groats and barley,' '7s; Cd.- , ■'■'■.-.■ . '■ Jute.Goods.—Calcutta mail, advices to June ?1 istato that -tho: market for jute fabrics was 'firm,' and the'mills were "not inclined to e'ell forward, owing to reports of floods in the juto

districts, which (lid somo damage to tho crop. Australian shippers camo out to cover their blank sales, and bought 3000 bales of cornsacks; but tlioro was further considerable covering to bo done, and the mills were holding for higher prices. . ;

Maizena. —Duryea's, 5Jd. i Knife Polish.—Nixey's, ia. Gd.; Okey'a, ss. 3d. Mustard.—Pair sales. . ..Colman'/s D.S.P., J's, Is. s\d. to Is. Gd.; J's, 15..3Jd..t0 Is. id,; Dur- ; ham, 71b. tins, 7d.-to:7jd. •• - ' • ' Matches.—l'laids, 'Js. Bd. to 3s. 9d. a gross; penny slides, Ss. 3d. to 9s. 6(1.; safeties, small, foreign,. 3s. to 3s. 6d.; Bryant and May's, small, 4s. Gd.; large! 7s. Gd. ' NutmeKs, 9d. to Is. per lb. Peel.—Lemon peel continues scarce, but supplies are expected to reach this port next month. Lemon peel, 7's, 5Jd.; orange, 5Jd.; citron,. IOJd. per 11). . Popper.—Singapore advices quote an advance of 1-ltid. .

Pickles.—Morton's hexagon 10s. 6d., round 12s. 6(1. per.dozen; Captain White's, 235. Gd.; Garton's H.P., i-pints, 12s. 6d.; pints, 225. 6d.; pure pickles, 9s: (id. to 10s.. . Rice.-No. 1, 15s. 6d.; No. 2; Us. -6d. cwt. 71b. .bags,.ss. Gd. to Gs. Gd. per cwt,; bags, ,Is. Gd. to.-is.; coarse, in cwt. bags, 3s.- to 3s._ 6d. per cwt. ■• Sauces.—lj. and P., J-pints, 11s. to Us. 6d, i pints, 255: to 255. 6d.; Holbrook's, j-pirits, 7s.' Gd.; pints,.: 10s. 6d..t0 10s. od.; gartqn's, J. pints, 7s. 6d.; pints, 10s. to 10s! 6d.j Eagle' brand (N.Z.), J-pints, 2s. 9d: to 35.; pints, ss. Gd. to 6s. -■. Starch.—Column's, lib. boxes, 5Jd. to sJd.j 51b. packots, sd. to sid.; New Zealand, lib. boxes, 38s. to 395. per cwt. ;/slb. packets, 375. to 38s. per cwt. , • Stove Polish.—Nixoy's, 2s. Gd.j Reckitt's, 3s. per dozen. , '. • ■ - '. Sugar.—The market is steady, with a good demand. 1A and No.-1.-eG's, £IS 155.; No. 2, JCI6 55.; No. 3, .£ls ss. per ton. ~-■._• Tapioca.—The Singapore market is firm. Tea.—The Calcutta market is strong, owing to estimates of-a short Indian crop, a decrease of 6,000,0001b; to' 7,000,0001b'. 'ns compared'with last year being looked for. Exports of Indian tea for the last three seasons .have been as follow:— ■ " , . j ■■■ ■ ■ ' .'■■■■ Lb. - 1906-7-■ ....;<. ... ..... 218.74G.M7 • 1907-8 „ . .-.._ ...... 213,493,323 1908-9 . .....J..J... V ...,..V 219,963,535, The decrease now estimated for 1909-10 would bring the total down to about the,same.level as in 1907-8. Looking at the position in various countries, the tendency at presant appears to be that consumption is pressing on the production of tea.. . ;'■. •''■ , .■; -, . >• Vinegar.—Midland Red Hock, quarts, Bs. 6d.; Champion, quarts, 9s. Gd.; Red Seal, quarts, its.'; Midland concentrated, Boz. bottles, 11s. 6d. per doz.; concentrated, sgal.. casks,': 9s. Gd. per gallon; pure malt,. 28gal. casks, per,gallon. . .'■'' ','.; '. • ■.■' '■' - , SOUTH CANTERBURY. MARKET. REPORT. Messrs. Gj S. Meredith and C 0.,, Waimate; Tβport grain and' produce prices, ruling in South Canterbury markets for week ending July 20:—. Wheat.—The market is very firm, and■Wβ have to report sales at the highest price here this season.' Prime velvet in ; a ' straight lino has been soldi at/ 45.: 4Jd.,., and. mixed, lines have realised. 4s.- 3d. on trucks at country stations.. We have made careful inquiry, into the wheat position here, and are fully satisfied that there is no more/wheat here now '.than": there was this time last, year.'There- was ; a'big .acreage in wheat here lastj'year,,.and,...exporters nbt'.hav-. ing trespassed to 'any- extent. ,qn-' .our •■ stocks, we conclude,'that..where they: haye.'beeri'-operat-ing (namely,' in the Christchurch, Ashburton, and Timaru districts) there must be very little wjjeat-left, and we are convinced that there will ,be a shortage before the- new grain is harvested. . Oats.—The .'market-is , -a little quieter. Values are: Gartons,-.ls. 6d.; duns, Is. 5d.; and Dani6h, Is. 4d. on trucks, country stations; sacks, si;d. t 'with less inquiry than at last .time of writing. Potatoes.—Since out. last -report values of potatoes-have receded fully lOsi per ton, owing, , 'no doubt, to-the laige quantity offering. ',There; hasjbeen. more potatoes ..available .this year / than was expected at the beginning of the season. Prices are: Prime samples of TTp-to-dates and Dorwents, £2 17s. Gd. to on trucks, country stations.: Seed.lines have aiso declined aJittle, and £3 on tructs'is about the best 1 price for seed :TJp-to-dates.Cbaff.—The market-for chaff is a little firmer; and £2 2s. 6d.: on' trucks" at country stations is easily obtained for"aby good bright, ~As.; ; th'e. price.'is'still, not very .totnpting,'.growers,aie holding rather than accept this price. Straw.—Baledi.wheaten; .255; • baled' oaten, 30s.y on trucfis, country stations!'

: PBICE OF- SILVER; .: '■■.*::'■ (By Telegraph.-Freas Assocfation.pbopjrieiit.) '_;.} ■■-„:, ;\» July 20. • , Silver, 235 d. per-ounce. ■~_.,.., .... . .-'• .-,..'. ;'■ ■ .BANK SHAKES.,' v v'\\' ']/.. ', (By .TcleEraph.-Press Aesociation.-doDVrklit:)"' „■; .„ '. .'■;,'' ■;' : ' i-onddh, July 20.'' .The following are the latest ■~ ; Banks. ':'. ,' Buyers. ■'■ Sellers. - Australasia .„....„'.„.—. 107 ■.10-β 108.10- 0. New Sonth Wales 45 10 0 46 10 0 Union ...y...., ..'. .65 0 0 - 66,0 0 National ..;..„......„...„.„ 515 0 6 0 0 New Zealand ................. 915 0 10 5 0 LONDON WOOL SALES. ..-• .;■'-.■ ':■■ '■ ;.V. .- ______ • ■ ~. ~ ■ '■;', V LATE'vEATES,!.MAINTAINED. C■■■ : ,■ (By Telegraph-Press' 'A'BSociaUon.-Odpyrieht.) m. , ■',■■' , I ", July 20. Ihts wool, sales have closed -firm ' ab: , late rates. ■ •..•■.■•.- '.-. . >'''. •.-■. '■ ■■'■ ■. .:' , The'" WangaW " clip brought 6id. per lb , and . Waitangi" 9Jd;-, \ : : .', ;.-—*2S*!KERS' PEIVATE;CABLES.•■. I : :Messrs. Abraham and -.Williams, Ltd., ■have received the following cable from London, under yesterday s date:-"The sales have closed witn prices for ordinary crossbreds- rather irregular, but Americans :are ■ buying, suner crossbreds very freely.- Prospects for next series are favourable. The total quantity held ?/er is 16,000 bales,, of which' 10,000 ar[ New Zealand. . , : ,■'•■-■ ■. t,: •'-

Mfsrs. Murray, Eoberts,and. Co. are'in re-' ceipt of the following wool market' cablegram Ironi their London -. agents, ■ Messrs/--. Sanderson ' Murray, and Co., as follows,: dated July. 20--Ihe sales have closed/firm, with 16,000 bales lield oyor. Ihe market .shows no'change from our, last advice, except for coarse crossbreds interior descriptions, which have declined » to 10 per cent., compared with the closing rates' of last London sale's." ■■'•' ■-■:' ■ The New Zealand Loan' and" Mercantile Agency "Company, Ltd.', have received the following cablegram from their London house ;under yesterday's datei-"London WbolSaS The sales closed firmly, and 'with'good competition to-day, America operating .freely Dur">S.'«» series, 134,000 bales-have been sold of .which 52 000 were taken for the Continent and 9000 for 16,000 bales being held over As compared with last sales closing rates prices are about par to 5/per cent.:lower for crossbred lambs, medium greasy- crossbred, and fine crossbred ~shpe, about .7* per cent. ..to 10 per cent, lower tor coarse and medium crossbred slipe, and shabby'and wasty. coarse-crossbreds, and about the same for fine crossbred and

r Messrs. Dalgety and Co., Ltd., report having received the following cable message from their London house, under date July 20 •-?< Wool sales closed firm. As compared with closing rates of last series, greasy merino' wools of good quality and condition, crossbred wools qua ity, and. greasy cros bred wools, medium quality, light condition, free or nearly, free, aro all. .unchanged; scoured merinos and fine crossbreds. are 5 per cent ower,-. except short ■ faulty merino wools (scoured), which are 5 per cent, to 10 per cent lower; greasy merino wools, heavy, earthy and wasty, are 5 per cent, lower; crossbred wools of and coarse quality and greasy crossbred wools, long, light, and bright descriptions, are 5 per cent, lower; scoured crossbred wools, medium and coarse quality, and greasy crossbred wools coarse, dingy, and cotted, are 5 per. cent to 10 percent ower. Teetotal net quantity available (including 10,000 bales not offered in nrl vious series) amounted to 152,000 bales; 9000 balea were sold to America, 75,000 bales for Home consumption, and 52,000 Ho the Conti nent. leaving 16,000 bales to bo carried for-" ward to September series."

' s • ' ., .Buyers. Sellers. Saks. ' ■'• X s. (1. . £ 6.(1. £ s. d.j 'Blackwater Mines...>'l 7 6 — / — Con. -Goldficlds ... 1 0 0 110 - Dixon Consolidated 0 1' 0 0 13 — ' Dominion ..fi 0 ,0 10 — 0 0 101 ' Kuranui Caledonian 0 2 3 0 2 1 — May-Queen 0 5 7 0 5 9 0 5 8 Maoriland :...'......... 0 0 0 :'— ■ 0 O.lOJf Mountain *'■ King ... — 0 2 0 — Nga'tiawa ......„:..,... — ■ — 0 0 5}' N.Z. Crown ;0 7 1 0 7 2 - New Big River..™ -2 10 0 2 11 0 — Reliance ....'. "0 0 6 — — Saxon 0 2 1 -■■■/■'— ' Talisman, 2 16 0 2 IV 6' 216-3 AVaihi Extended .r*0 6 10 - - WaihiG'd Junction 2 9 0 2 9 6 — Waihi '930946 - Waiotah'i 089 08 10 089 Waihi Consolidated 0 5 1' 0 5 3 0 5 1J Waitangi 0 1 4 0 4 6 0 4 4 Watchman 0 111 0 2 1 ' —