COMMERCIAL

Lyttelton Times, Volume CXIV, Issue 16358, 30 September 1913, Page 9

COMMERCIAL

LONDON MARKETS.

By Telegraph—Press Association —Copyright. LONDON, September 29. J.--i .. ... . Cotton." September-October shipments 7.42 J-. Jute.—The market is \veak. October 34J. Hemp.—The market is quiet, good fair October-December shipments, £'3o. Aluminium.—B6s. Tinplates.— 13s 3d to los 3d. Angle Steel.—l2os. Fencing Wive.—l4ss. Antimony.—£6.

WOOL. Wool.—At the wool sales there was a 'i rood offering of greasy cross-breds. Tho opening rates were fully maintain;ed.. Merinoes wero firm, but unchanged. Tho catalogue contained 48,578 boles, of which 42,752 were sold. The following prices wero realised for the fleece portions of the clips named: ! —WaUiua, top IOJd, average lO^d; Golloy Park, top ild, average 10$d; Rhoborough, top 13d, average 12id; Castle Hill, top 11 jd, average lOJd; GPD (scoured), top lod, average 15d; GPD, top 13d, average 13d. WHEAT. Wheat.—Tho market i 3 steady, and cargoes are inactive. For South Australia 36s 3d is asked. The quantity pfloat for the United Kingdom is 1,795,000 bushels; for the Continent, 2.150,000 bushels: Atlantic shipments, 333,000 bushels; Pacific, 95,000 bushels. .Total from Europe 1,490,000 bushels 1 and from Australasia 20,000 bushels.

The following cable message has been received by Alessrs Dalgety and Company, Limited, Christchurch, from their,London office, dated London, September 27:—"The wool sales continue firm with an upward tendency. Prices of merino wools, good quality and condition, are rather higher, and cross-bred wools are 2J per cent to 5 per cent higher. French buvers are the principal operators. Prices ate too high for English buyers."

HIGH COMAIISSIONER'S REPORT. [Per Pkess Association.] WELLINGTON, September 29. The following cablegram is to hand: from the High Commissioner in London. The quotations, unless otherwise specified, aire for,average market prices on spot.

." The mutton market is firm owing to sliort supply. There is no change in prices exeopt that the price of ewes has. declined l-16d. The lamb market Is, weaker, and the tendency is downward; holders are moro willing to sell. Canterbury is unchanged, but it is generally believed that prices are on the decline. 'Other than Canterbury, 5Jd. " The heef market is steady; no change in prices. For chilled meat prices have declined, owing to the weather being too hot. Hindquarters 4-Jd, foreqiiarfers 3'l. "Butter—The market is firm and prices continue to advance, but thoro is ho change in prices for Danish. The supply falls short of tho demand for

the choicest. The weather is mora favourable here for production. " Cheese—The .market is quiet. Prices declined Is for Canadian. The market is firm, with more inquiry for English, but there is no change in prices.

"Hemp—The Manila market is quiet. The demand for near position is easier in anticipation of heavy arrivals. Fair current Manila £3O 10s; forward shipment £3O. The output from -Manila for the week is 19,000 bales. Tim New Zealand market is steadier, with fair demand for forward shipment. Spot, quiet; New Zealand, good to fair grade £29 los to £3O, fair £25 15s to £26' for all positions. " Wheat—The market is quiet; New Zealand long-berried wheat ex granary, per quarter (4961 b) 35s 9d to 365. Business has been done with arrived parcels at London at 33s 6d to 33s 7}d- West Coast is quoted at 33s 3d c.i.f. per 4801 b.

'"Oats—The market is very quiet; nothing doing. Fifteen hundred parcels of old crop New Zealand oats are available. (i Peas—The market is dull for old crop, but the.ro is fair demand for better grades of new crop at about 45s Gd per r.Oflb; second-class quality, 43s Gd ex store. " Beans—The market continues dull. Good quality Now Zealand beans, f.a.q., new crop, is selling at 36s per 5041 b. " Linseed is in good demand, seed selling at average price, 46s per 1161 b ex store. " Wool—The market remains drm. "Kauri Gum—The market is firm. Three hundred and seventy-seven packages were offered and eighty-four sold. The stock at tho end of August was 292 tons. Dark brown*' selected, rescraped, is quoted at 150 s to 170 s: dark brown, three-quarter-scraped, 95s to 105 s; dark brown chips,, drossy, 45s to 555; re-scraped pa-lo amber, 240 sto 280 s; three-quarters pale scraped, ISOs to 200 s; digger's chips, good, 'os to 80s."

AUSTRALIAN MARKETS.

SYDNEY WOOL SALES.

(Received September 30, 1.5 a.m.) SYDNEY, September 20.

At the wool sales competition was general. The top price of 12Jd was realised for greasy cross-bred.

MARKET REPORTS.

NORTH OTAGO. [Faoii Our Corresi'ondent.] OAMARU, September 27. The week has been an exceptionally quiet one in tho grain market. This has not been because of lack of buyers, but was purely due to an almost complete absence of offers of grain from the country, where holdings are very light. A few small lots of wheat, tho largest hailing from South Canterbury; have changed hands at the following prices net to growers at country stations .-—Velvet 4s, Redchaff 3s 9d, Tuscan (solid straw) 3s rHd and 3s 7d, Marshall's White 3s 6jd and 3s 7d. Very few oats have been on offer, and theso of very modest dimensions. Tho talk of inquiries from Australia" has not had any hardening effect, and prices have been 2s Id net for A grade Gartens and 2s net for B grade, both on trucks at country stations. Oatsheaf chaff continues to move off slowly at £3 10s net on trucks. Business in potatoes shows no improvement so far as prices are concerned, though there has been a slight increase in the quantity disposed of. Sales of freshly picked potatoes have been made at 35s at country stations and £2 ex store, which fairly represent current values, though £2 net on trucks might he obtained for small lots of choico repicked tubers.

W. E. SIMES AND CO.

WEEKLY SALE REPORT,

Messrs W. E. Simes and Co. report having sold during the past week the following properties: —By public auction, account Air E. Edmonds, property Breeze's Road, to Airs Haynes, also having held a very successful clearing out sale of furniture, horses, carts and cows. Hacks sold up to 17gs, cows £ll ss, carts £23. Air Edmonds's block of 2 acres on the New Brighton tramline, was passed in, and is now for sale privately. Also, on account Air Fred Otley, section and new bungalow of 5 rooms, Bletsoo Avenue; account client, 5 building sites to Mr Bruce; account Mr A. F. Wright, nearly 3 acres, Haokthorne Road, Cashmere Hills, to Air H. Cotterell; account Mr Pierson, farm of 176 acres, Ellesmero district; account Air Templeton, section and new bungalow of 6 rooms, St Albans, to Air H. Young. Our Sumner branch (F. W. Dewcsbury, representative) also reports the sale of three sections at £l5O, £lB5 and £3BO, and, on account of Mr J. Moffat, section 43ft frontage Nayland Street at £2lO. Total, £10,047. The following auction sales take place next month:—Account Hoft's Estate, 9th October, 2 properties and furniture

on tho premises, Riccarton. Account Public Trustee (Jckyll's Estate), 36 building sites (plans now ready). Account Sirs Vicar jr. 4 dwelling-houses and sections. Upper Rieearton. Account Mrs Hampton, Templeton property, all on ISth October. Account_ registrar Supreme Court, 4 dwellingbouses in Lin wood, Addington and city on tho 25th October; and on tho 29th October, account Mr M'Donald, 10 choice building sites off Jackson's Road, Fendalton (plans now ready). 95

STOCK EXCHANGES.

CANTERBURY.

AUCKLAND. [Per Prkss Association.] AUCKLAND. September 29. The following sales are reported : Ross 14s lOd to los 2d, Talisman 40s fid, Waihi 4as, Grand Junction 21s fad.

WELLINGTON. [Pkr Press Association.] WELLINGTON, September 29. Tho following sales are reported:— Union'Steam Ship £2 ss, WestportStockton 4s Id, AVestport CWI £1 10s, Talisman £2 3s. Waihi £2 7s 9d. Afternoon Call.—Ross Reconstructed 15s 9d. Sale renorted.—Waihi, 48s.

DUNEDIN. [Per Prkss Association.] DUNEDIN; Septemher 29. Sak"-. renorted—Waihi, £2 8s; Westport Stockton. Is 14d; Bank of New Zealand, £ll (two parcels).

The following are the late? Ri rye uo.'.at r*. ions: — Sellers. £ s. d. £ s. d. BREWERIES— Manning . . . ,' 4 G 3 CO A J j— Tauph'i 1 1 6 Wcntpurt 1 9 0 GAS— Cbristcluirch " . 7 0 0 MEATS— Christ-church Meat Co. 15 JO 0 SHIPPING— V : tiion Steam Ship 2 i 9 WOOLLENS--r Kuiapoi Oamaru 1 V' 0 Oaniaru (prcf.) 1 7 0 MISCELLANEOUS— N.Z. Oru ? Co. 2 5 0 Wliitcombe an<l Tomb; (ex. div.) 6 5 0 unrrNG— Ross Goldfields 0 15 i Talisman o 1 0 Waili: Grant! Junction 119 The following sale V ias i epc jrtcd: —Union Steam Ship £2 -Is Od.