COMMERCIAL.

New Zealand Herald, Volume XXXVI, Issue 10971, 27 January 1899, Page 4

COMMERCIAL.

KAURI GUM MARKET. Thursday evening The stock market has shown a good deal of activity during the past week, and numerous transactions have been recorded. There has been a fair inquiry for investment stocks. National Banks are wanted at £2 5s 9d. New Zealand Insurances arc firm at late rates—sellers, £3 2s 6d; buyers, £3 Os 6d. There are sellers of South Britishs at £2 lis. Nationals sold at 16;, and are still wanted at the same price, but sellers ask 16s 6d. Buyors of New Zealand Accidents offer £1 ss. No business reported in Auckland Gas, but buyers of contributing offer £10 ss. Sellers of Thames Gas ask £1 19s. For Devonport Steam Ferrys buyers offer £1 18s 6d. Numerous sales reported in Northern Steams ."ram 7s i 6d to 7s Bd, market closing with buyers at i 7s 6d. Buyors of New Zealand Shipping offer , £4- 14s. In coal shares there has neon n do- ' mand for stock in the Faintly mines. Ralph's Taupiris advanced to 76 6d, at which i.rieu sales wcro recorded, and also at 7s 7d. The market closed with sellers at 7s 6d. Hiku- ; rangis are offered at 10s 6d, with buyer? at 9s 9cl. There are buyers of WwtporU »t £3 2s 6d. Sellers of New Zealand ask £2 lis, buyers offering £2 10s. 7or Union Oils buyers offer 19s 6d. There fire so'lcrs i of Shnrlands at 13s. New Zealand and River Plates sold at 186 6d cum. div., the market, closing with sellers at 18e 3d ex div., find buyers 17s 9d ox div. The mining market ' has Ireon quiet, except for ono or two stocks. . Woihis sold at £5 2s 6d, and there a.e buyers i at £5 Is, with no declared sellers. "*Vaihi- ■ Silvertons are offered at 5s 3d. WniUkauris ' sold at £1 12s, and there are sellers at £1 1 13s 6d. Alphas arc offered at 3s 2d. Komuta J Reefs are unchanged. There have oeen num- . erous transactions in Talismans, with tile? . from 13s to 13s fxl to 13s 3d to i3a frd, the ! market closing with buyers at 13s 6d, fellers > at Us. New Zealand Crowns are offenr! lit ' 14s 6di and Woodstock* at 7s 9d. In Lower I Thames stock May Queens sold at ss, and , there are buyers at 4s lOd, sellors f.s 3d. 3 Kuranui-Caledonians aft offered at is 7d. - with buyers at Is 4d, Kuranuis have dropped - to sellers at lOd. Ilierc are sellers of Tariiru • I Creoks at 2s 3d, and buyors at Is lOd. In !| Coromandel slock, Bunker's Hills sold fieely 8 at 2s Id and 26 2d, and there are now buyors 11 at 2s 3d, and sellers at 2s sd. Four -Hands I ; advanced to buyers at Is 4d, and sellers 2s. l In Barrier stock, Barrier Reefs (paid up) ere { offered lit 6s 6d, with buyers at ss, Great 1 Barrier Gold and Silvers are offered ai 2u 1 6d.-. f Good steady business lias been passing 3 during the week in general distributing lines, • with tho exception of produce, whioli still ' remains somewhat inactive, owing to the ' gradual decline in almost all lines. j I Shipping business has been good both in ! import and export lines, and the whai'ves !' have been fairly busy.

The outlook in the country is not much improved, as the weather has not yet settled sufficiently to allow harvest operations to be pushed forward to any extent. A considerable quantity of grain is already reported to be damaged. _ The wool market in England, and the lontinent shows a slight improvement. Latest London cables advise a slight declino in wheat, sales of South Australian having been made at £1 8s for February shipments. from Adelaide under date Letter advices from Adelaide under date of 16th inst., advise that there is no material alteration in the market; prices may be quoted as 2s 5d to 2s 6Jd for farmers lots, and trado sellers 2s Yd f.o.b. or parce 8 at Port Adelaide. Deliveries are large, and the supply is fully equal to the demand if not greater, as many of tho railway sheds and outports are blocked for room. In Victoria reports show that very extensive business is being done. Merchants are busily encaged making shipments, both by steamer and sailer. Largo sales are advised at 2s fjjd to 2s 7d per bushel f.0.b., January and February delivery. Indications point to these prices being fairly well maintained, unless some change takes place, in London. In Now South Wales owing to tho country millers being anxious to secure their requirements before supplies go down to the shipping ports, prices are a shade firmer than in cither Victoria or South Australia, but when these wants are supplied, it is certain that prices will adjust themselves to the London equivalent. Now Zealand harvest prospects arc not so rosy as they were, as the bod weather all over both islands has materially altered the situation. However, with good weathor we should even now have a good average yield, taking the colony as a whole. The oat crops are now being cut in Canterbury, and wo hear of one or two small parcels being quoted, but it will be somo hmn before they call be ill as good condition for shipping as the old oats. Maize remains steady at about 3s on the wharf, with 0 fair inquiry. Sydney has again eased oif, and to-day's quotation there is given as 3s 4il. Flour is selling slowly nt last quotation. Advice- from 'tho Sydney tea market report that prices, which were considerably disorgank'd, while tho duty question was in abeyance, have now recovered to their old love's. Chinas aro in good demand, owing to the short supplies of Indian and Ceylon, and also a firming in prices in both these sorts. It seems probable lihat prices will now'bo well maintained. . Cable adiiees to hand to-day state that nco has 'advanced £1 per ton. Local quotations ring* from £22 d.p. and upwards, with good demand. Huron is in short supply, and pneo ex store stands at about TJci per lb for prime. The heavy fruit season has created a very strong demand for Mason's jars, which aro selling freely. , , Van Hoiilen's cocoa is still in short supply. Sago and tapioca are a shado firmer in price, and in good demand. liifilpacks aro rather short in supply, and prices are firm; also cornsacks. Supplies aro expected by the Rakino. Canned and dried fruits aro rather dull, as the fresh fruit is plentiful. Canned meals are still selling freely. Flax, is quiet, with very few sales being made. Prices on tho spot for good fair average quality range from £13 In £13 10s, and lower grades are almost unsalable. London cables dated the 22nd inst. advise that the tin market is very firm, with an upward tendency. Corrugated iron is also firmer. Potatoes are selling slowly at from £3 to £4. In the local proline? market the prices aro unchanged, as fellow:—Farmers' butter, sd; second quality, 4d per lb wholesale Eggs are 8d per dozen wholesale, and lOd per dozon retail. KAURI RDM MARKET. Tl.e following are our quotations for kauri gum for the week ending January 25, 1899: — Poor ordinary, which comprises weak and rough-coaled piece?, pickings and washed mils, £38 to £10; ordinary, meaning hard, roughscraped gum, varying in price according to the quantity of washed nuts, £48 to £50; threcquarter-scraped, meaning hard rangegum, entirely free from washed nuts, price varying according to size, scraping, and quality. £62 and upwards; East Coast, £71 10 £73; re-scraped. £105 and upwards. Arrivals for 25 days of January, 650 tons. The market is quiet, but the tone is better than 11 fortnight ago. Arrivals since the begnning of the year have not been so excessive as they were.

LONDON. By Telegraph.—Press Association.— LONDON, January 25. At the tallow auctions, 1375 casks were offered, am! 1375 wcro sold. Mutton tallow, fine, £1 4« 6<l; medium. £1 3s; beef tallow, fine, £1 3s; medium, £1 2?. Rangalira wool clip realised 7J(I. The wheat and flour afloat for the United Kingdom is 2.320. quarters, and for the Continent 910,000 quarters. Hank of Australia, £53; Bank of New Souln Wales. £37 10s; Union Bank. £27 10«; National Rank of New Zealand, £2 ss; Hank of New Zealand 4 per cent, guaranteed stock, £103 10s; New Zealand Loan ami Mercantile Agency 4 per cent, prior lion debentures, 86. London, January 26. At the' wool sales yesterday tho bidding was spirited. There wore numerous sale«, and lite rales were fully up to tho latest quotations. , , ' The American visible wheat supply is estimated at 51.927,000 bushels. The last copper quotation was 61J. Per New Zealand Loan and Mercantile Agency Company (Limited). LONDON, January 26. Wool: Since the close of last sales, greasy and scoured merino super, greasy and scoured merino medium and inferior, fine greasy, washed, and scoured crossbred, medium greasy crossbred, slips, merino crossbred, medium washed and Mowed, coarso greasy washed find scoured, crossbred and greasy, crossbred lambs, are id to Id lb higher. Other descriptions are unchanged. Buyers are operating Willi spirit. Tho American demand is good for medium greasy crossbred and coarse greasy crossbred.' The total quantity catalogued to date is 85,000 bales. Tallow: Tbero is good demand. Mutton tallow has advanced 6d cwt since the last report. _• AUCKLAND STOCK EXCHANGE. BUSniE-.s DOSH—Ralph's Taupin Coal Co., 7s 6d. 7s 7d: May Queen Hauraki, sb; Talisman Extended, 3d; Waihl, £5 2s 6dj Waitekaurif 325. BUYERS-National Bank, 45s 9d; New Zealand Insurance, 60s 6d; National Insurance, 16s; New Zealand and River Plate, 17s 9d; Auckland Gas, new (£3 10s), £10 ss; New Zealand Shipping. 945; Northern Steamship, 7s oil; Devonport Steam Ferry, 38s 6d; HlknratKi Coal 9s 9d; Wcstport Coal, 62s 6d; Ralph Taupiri Coal Co., 7s; New Zealand Drug (£2), 60s; Union Oil. 19s 6d; City of Auckland, 3d; May Queen Hauraki, 4s lid; May Queen Extended, 2d; Tnrarti Crook, Is lOd; Victoria, 3d; Imperial, 3d; Komata Beefs, 2a 9d; New Zealand Talisman, 13s 6d; Talisman Extended, 2id• Waihi, -£5 Is; Wallll South, 6tl; Bunkers Hill 2s 3d; Coromrindel Freehold Proprietary, 4d; Four-in-Hand, Is 4d; Barrier Reefs, paid UP, ss. SELLERS.-New Zealand Insurance, 62s 6il; National Insurance, 16s 6d; South British Insurance, 61s; New Zealand and River Pinto, 188 3d; Thames Gas, 395; lliktirangl Coal, 10s 6d; Ralph's Tnupiri Coal Co., 7b 6di New Zealand Drug (£2), 51s; Sharland and Co., 13s: City of Auckland. 4Jd; Kuranui, lid; KurivnuiCaledonian. Is 7d; Maliafa Royal, 2s; Slay Queen Hauraki. 5s 3d; May Queen Extended. 4d; Moanatniari, 6s; Monowai, 4d; New Albumin, 2s; Tarant Creek, 2s 3d; Victoria, 6d;, Alpha, 3s 2d; Crown, 14s 6d; Grace Darling. Is Id; Imperial, sd; Komata Reefs, 4ii New Zealand Talisman, 14s: Ohlnemuri Syndicate, 2s; Talisman Extended, 3d; Waihi Extended, 6d; Waihi Sllvorton. 5s 3d; Waihi South, Bd; WaiteUauri, 33s 6d; Woodstock, 7s 9d; BuhltWs Hill. 2s sd; Coromandel Freehold Proprietory, 6d; Four-in-Hand 2s; Barrier Beefs, paid up, 6s 6d; Great Birrier Gold and Silver, 2s 6d. J. M. LENNOX, Chairman. 3.15 p.m., January 26, 1899. i. ; iii i i ■ • ■ • r —