MONETARY AND COMMERCIAL.

Daily Southern Cross, Volume XXVIII, Issue 4740, 2 November 1872, Page 2

MONETARY AND COMMERCIAL.

Daily Southern Cross Office, Friday evening. At Mr. G-. W. Binney'a sale of fruit, &c, to-day, the following prices were obtained : — Oranges, 9s 6d per ease ; dates, 2£d to 3d per lb. ; onions, 14d to 2d per Ib. Mr. G. Sibbin held a sale of produce today, when the folio wine; prices were realised : Potatoes, 3s lOd ; maize, 3s 8d ; Sydney maize, 4s ; butter, GJdpprlb. ; kerosine, 3s tea, 2s 2d per lb. Mr. R. Arthur reports the following prices realised at his sale to-day : — Fowls, Is 3d to 3s 9d each ; ducks, Is lid to 2s 6d ; potatoes, 2s 6d to 3s per cwt ; new potatoes, ljd per lb.; butter, 6d to 7£d per lb.; flour, £15 to £16 per ton ; Wairoa cheese, 6d to 7£J per lb. Furniture sold at fair prices. Fruit, ex s.s. ' Wonga Wonga :' Oranges, 9s 6d to 10s 3d per case ; lemons, 7s 6cl per case.

S. British Insurance 500,000 £20 10s £l|to£l? VICKERS & DA VIES, Brokers. Queen-street, November!, 1872. Messrs. Ward and Gellion report :— " There has been a better feeling apparent in the market to-day : buyers disposed to take advantage of the present low rates ruling. Exchanges : Caledonian, £16 53 j Moanataiari, £2 7a 6d; Cure, 355; Bismarck, £2 73 6d ; Central Italy, 15s 6d j South British Insurance, 355. Buyers : Cure, Tokatea, Bismarck, City of London, Moanataiari." Mr. J. M. Lennox reports .-—"There is considerable improvement in the sharemarket. Caledonian, Moanataiari, and Cure shares are firmer. I sold Caledonian at £17; Thames, £5 os ; Cure, 355, 265; South British Insurance, 355. The market closed firm with buyers of Caledonian at £17 ; Thames, £5 5s j Moanataiari, £3; Cure. 36a." '

AUCKLAND LIVE STOCK MARKET. Mr. Alfred Buckland's Report. At Remuera on Thursday, dairy cows were in limited numbers, but without any improvement in value. Young store cattle barely maintained the low prices of last week. Grown cattle were at last week's rates. Fat cattle were in full supply 147 head penned; prices without alteration from last week. Fat calves in average supply, and better worth. A fair muster of store sheep met with a dull sale. Fat sheep were" in usual supply, about 600 sold, and slightly better worth. Fat lambs short of requirements, and extreme prices ruled. Following were the prices obtained :—Dairy cows, £6 to £7 10s ; quiet springing heifers, £4 10s to £5 ss; 10- to 12-months-old calves, £1 6s to £2; two-year-olds, £3 10s to £3 I7s 6d ; fat cattle, £1 4s to £1 6s the 1001b ; fat calves, 19s to £1 11s each; merino ewes and lambs in their wool, £1 4s the couple ; aged, longwool ewes and lambs shorn, £1 the couple; fat sheep, 2|d to 3d the lb.; longwoolled store wether hogs, shorn, 12s each j fat lambs, 13s 6d to 19a 6d each. COMMERCIAL TRAVELLERS' MORALITY. To the Editor: Sir,—The method of procedure followed by certain tea-dealers who visit aur town is worthy a passing note in your commercial column. That such persons should be able to command any portion of the wholesale traders' custom is almost in comprehensible. For the sake of argument, suppose a person came into our midst of whom nothing was known, save that he recently left one of the Southern settlements without paying his d^bts, and that he had since managed to tack his name on to two or three others, and start as a Melbourne merchant. Supposing him to commence his canvass by waiting on the wholesale houses, and protesting that he would not solicit their retail customers for orders, being insensible to snubbing or insult, and excelling" in the art of cringing, fawning, dunning, and misrepresentation; supposing him to succeed in obtaining their orders, which he forthwith sends on for execution. Supposing then that he commences operations among the aforesaid retail grocers ; that by dint of " pumping " he finds they have been purchasing on the spot a particular brand of tea, it may be from one of the very firms whom he has first waited upon ; that he misrepresents the first co9t of such a tea, characterises it as inferior, represents that he can sell a much cheaper i article, and then " the terms ye ken are six I months." Supposing that the local trader knows that he cannot, in justice to hia business, give such credit, and so the men for whom he hag ordered supplies from our imaginary tea merchant, misled by flattery, misrepresentation, and excessive credit, are induced by him to send on direct orders far above their requirements, or perhaps their meana. Supposing then that such" a man were known in our midst, it might reasonably be expected that he would meet with no support from respectable wholesale traders. That such conduct has been witnessed' without meeting its proper reward will" I think need no proof from me. I enclose my card, which you are at liberty to show to anyone who may feel the slightestinterest in the subject, and am, —Yours, &c., > A LooKfiß-oir, Auckland.

ENGLISH. Messrs. Devitt and Hett report on SepItember 4, as follows :—" Kauri Gum : We have, to, report a. quiet market at previous prices, well-scraped transparent, 90s te 110s: good hard, 60s to 75"5; fair to good bold, 35s t to 40a ; chips, 25s to 28s.— New Zealand Hemp : 1,560 bales were offered at auction i ,4aring^the«spast month, about 1,200 hales of

■which found buyers at a decline of 20s per ton. It ia disappointing to have to report lower pries, but I think shippers need be uuder no apprehension of any serious drop in the article', as the consumption i 3 consider ably in excess of the supply, and it is growing in favour with ropo-makers. Regular sup. plies of well-dressed qualities will always command a ready sale at £10 to £15 per ton under prices ruling for Manila hemp, which is now worth £48 per ton for fair roping. | 20 bales New Zealand tow realised £18 to £18 ss, The following list comprises some of the principal transactions, viz. : — Per ' 'Chile,' from Port Underwood, CG, at £36 s=i to £36 10s ; NC, J & JR, £34 5s ; M, £38 15s; BIIAB, £33 to £33 15s; H. £33, OKV, £32 15*; R & G diamond B, £32 10s; HFM, £35 ; E&^ £36 ss; AML, £35 15s ; R, £34 l()s. Stock, 213 tons, against 801 tons; deliveries since Ist January, 1,200 tons, against 1,935 tons; imports, 734 tons, against 1,822 tons at same period last year. Arriv*ls: * Celteno,' from Wellington ; « Caducous,' from Auckland; • Zelandia ' and * Charlotte Gladstone," from Lyttelton; and 'Margaret Galbraith,' from Port Chalmers, with 1,200 bales hemp and 120 bales tow.— Cotton : There has been a moderate demand throughout the month, and a fair amount of business has been done. Long-stapled kinds have come in for their full share of the depression, the market being overstocked with fine yarns, and the supply of South Sea Island substitutes being very plentiful. Holders of Fiji have shown a desire to realise, and about 300 bales have been sold at 15d to 24d for fair to good long staple, establishing a decline of 4d to 6d per Ib. in the last three months. During the last few days, however, a better demand has prevailed on account of unfavourable advices from Charleston of the Sea Island crop, which if confirmed will doubtless cause a reaction, and recovery in prices. Cotton Seed : Dull, and prices drooping ; Egyptian, £8 ; West Indian, £6 15s to £7 ; Sea Island, £6 10s to £7. 1,400 bags Queensland seld at £5 for sound.— Cocoanut Oil: Quiet, Ceylon, £34 to £36; Cochin, £38 to £38 10s; Sydney, £34 to £35 10s. Whale Oil : Rather dull of sale, £34 to £36. Copra : Several parcels have been sold at lower rates. Good Sydney is worth £16 to £16 10s."

Capital. Atnt Shr. Pdid. Price. BanlcW.Z £600,000 jBIO £10 £18to£l8 ; N Z Insurance 26' i, 000 £ICO £30 £51 to £51 N.Z.L &M. Agency 500,000 £25 £2J £3i Do do. new issue.. 500,000 ±25 £1 £1£ Auckland Gas 30,000 £5 £5 £10 Union S<sh & Door 25,000 £5 £5 £6i Ihames Gas 25,000 £2* 155.6 d. £^

THE SHAREMARKET.