COMMERCIAL.

New Zealand Herald, Volume XXXVIII, Issue 11824, 29 November 1901, Page 4

COMMERCIAL.

New Zealand Heuald Office, Thursday evening. There has been about the usual amount of business transacted on the Stock Exchange during the past week. Banks are firmer. New Zealands sold at £2 Bs 9d and £2 10s, and closed firm with buyers at £2 7s 6d and sellers at £2 lis. Nationals are wanted at £3 lbs. In insurances New Zealands are firm With sales at £3 10s. Sellers now ask £3 lis, buyers offering £3 9s. South British sold at £3 19s and £3 18s 6d. Nationals ar-j offered at 19s. New Zealand Accidents • ate a point higher, with buyers at £2 17s 6d. In gas stock, Auckland, fully paid, sold at £13 15s, and more are wanted at £13 12s 6d. There are sellers of new issue at £12 10s. In shipping shares Devonport Steam Ferryare firm with buyers at £1 18s fcd. There are buyers of Northern Steam, paid up, at 18s, and of contributing at Bs. New Zealand Shipping sold at £7 and £7 Is. In coal shares there ore buyers of Taupiri Alines at 17s, nellers asking* 17s 6d. Buyers of Westport offer £3 13s 6d. In timber shares there are buyers of Kauri Company, paid up, at 8s 6d, and of contributing at Is 9d. There are buyers of Wellington Woollens at £5 6s. Milne and Choyce, preference, are wanted at £1 2s, and there are sellers at £1 3s. Buyers of ordinary shares offer £1 0s 6d. Sellers of D.S.C. ask 9s 2d, buyers offering 9s. New Zealand Drugs are offered at £2 lis. Sharlanda are firm with buyers at £1 Is 9d, sellers asking £1 2s 9d. Tonson Garlicks are offered at 15s, with buyers at 14s. New Zealand and Riv*r Plate, old issue, sold at £1 0s 6:1. There are sellers at £1 0s 9d. and buyers at £1. Buyers of new issue offer £1 Is 6d. The market for mining Stock is dull. Waihi Extended sold at 2s 3d 2s 6d. 2s 7d, 2s Bd, and 2s 9d, cal lof 2d paid. Waihi Consolidated sold at Is 4d, ChelmSfords at 9d, 9|d, and lOd; Ktiranuis at 2d and 2id; Victorias at 3d. Welcome Jack, contributing, sold at 2Ad and 3d. Business continues to show the improvement noted last week, but it must be acknowledged that thi3 is late for the spurt that usually takes place in the wholesale trade about this time of the year. The weather is exceedingly favourable for the business of the city, but the continued drought will have a serious effect on the pastoral and agricultural interests. Already it is said that the maize crop in the Bay of Plenty is suffering from the dry weather. Some of the growers who have been busy with other matters are now shelling again, so that the local market will probably be better supplied soon. The quantity to hand by the Vvairaana, W'aiotahi, and Clansman amounted to 600 sacks, and as it came to a bare market there were several good lines placed at 2s 3d on the wharf, leaving a still unsatisfied demand, while inferior samples had to be quitted at lower money. This time last year we were shipping to New South Wales and Quepnsland at remunerative rates, but as showing the affect, of interState freetrade within the Commonwealth Queensland is now supplying Sydney at 2a 6d f.o.b. Growers here quite recognise that it will only be an extraordinary drought in Australia to cause any demand from there. There is a steady inquiry for old potatoes from the South, about 300 sacks coming by the Elingamite, and these were readily placed. The present price is £3 10s ex store, and as there were only 200 on the Moura, it may be estimated that the prices will remain the same, as the requirements are fully up to the supplies. It is •thought in Christchurch that the farmers will not continue to supply at present rates, which are equal to about £1 at country stations, which, by the way, appears rather hard on those who refused £5 when there was a demand for Sydney, but at the end of the season they cannot hope for much improvement in value. Indeed it is more than likely that Sydney will be able to ship here soon. New potatoes are offering in larger quantities, and prices have receded. A few odd lines of oata have bsefi offering from the South at a slight reduction by sailer, but the local price is the same. Fowlwheat 13 still very scarce, and •at Southern quotations it hardly pays to sell here at the tariff rates.

Onions are now arriving in larger quantities, 186 bags and 259 cases being landed from the Zealandia, equal to a total of 20 tons. Some of these were Australian grown, and were of better quality than were landed last week. The New South Wales crop is reported exceptionally good, and a heavy yield is expected. The rest, of the onions to hand were Italian, and although they may be & little better the price has now eased to the level of Australian, buyers purchasing only for immediate requirements, in anticipation of lower prices as the season advances. Sales have been made from the wharf at £9 10s upwards, and ex store the quotations range from £9 103 for socks and £10 10s for cases up to £12. Since last week there has been a strong inquiry for. perennial rye grass, some 3000 packs having changed hands, presumably for Sydney, at an advance of 4d to 5d per bushel on late rates. Owing to the drought m Canterbury it is expected that firm rales wii." now rule. Hams and bacon arc selling freely at the steady advance already noted; that is, orders, are being freely given, but are not always executed, owing to the small stocks available. Christchurch in particular is very short, but some supplier, are to be had from Taranaki. Further supplies of rice are to hand, but sales are restricted. Linseed oil is firm at the advance noted, and kerosene is also held for higher prices. Castor oil and colza both seem a little firmer. All dried fruits are soiling rapidly, and seeded raisins are now getting scarce. There is a smaller demand for Levant raisins with the steady improvement in the quality of American. Tinned fruits are in good demand. Tinned whitebait is in good demand, both for local consumption and for Australia, but supplies are extremely short. Derby tobacco has been in very short supply, but a full shipment has just arrived per Inclraghiri. Now that it is too late to ship fungus to Hongkong for tho Chinese New Year, the local price has receded, and 3id is the best obtainable to-day. Tho price is likely to go still lower. Corrugated iron is scarce, and tome sizes are not procurable. Tin plates are lower.

Flax shows no change in value, the bulk of the supplies being sold under contract. . In the local produce market tho prices areas follow:— butter, lid; separatoi do., 7d; farmers' do., 6d; and second-class 53 per lb wholesale. Eggs are 8d per dozen wholesale. ' KAURI GUM MARKET. The following are our quotations of kauri gum for the week November 25,1901: —White gum: Poor ordinary, £27 and upwards; Fair ordinary, £47 and upwards; bold three-quarter scraped, free from nuts, £74 and upwards; East Coast, best quality, £70 and upwards; re-scraped £115 and upwards. Black gum: Nuts, sifted, £10 and upwards; medium, free from sugar, £18 arid upwards; good. £46 and upward*. Remarks on market: Supplies for 25 day, of November 510 ton?. There is no alteration in the market. The production is very moderate, but the high prices asked by sellers tend to check the amount of business done. GROCERS' MARKET QUOTATIONS. The following are the quotations for butter and ows for the week ending November 28, 1901, as quoted by the Grocers' Association: -Factory butter, lid per lb; sepora or bitter 7d per lb; farmers' butter (lest), 6d; farmers' butter (second quality), 5d per lb; csrgs Cd per dozen. Eggs are meeting with ; ood demand, and an early advance is anticipated. LONDON. ilr Telegraph.—Press Association.—Copyright. London, November 27. The total quantity of wheat _ and flour afloat for the United Kingdom is 2.665,000 ! quarters, and for the Continent 1,540,000. Shares are unchanged. Copper: Spot, £65 10s; three months, £63 7s 6d. , „,,, Tin : Spot, £113 ss; three months, £111. Lead, £11 ss. • , Tallow: At tho weekly sales 533 casks were ' offered, and 169 sold. Prices for all sorts advanced 3d. LONDON WOOL SALES. Per N.Z. Loan and Mercantile Agency Co. London, November 27. We have received the undermentioned cable d'rom our London office:—("Wool: Sales opened at an average decline of about 7£ per cent, for medium and coarse crossbred, and about 5 per cent, for faulty merino. There is much irregularity in the bidding. To-day's quotation at Bradford for 60's tops is Is 7d per lb, 50's Hid per lb." FALL IN SILVER. By Telegraph.—Press Association.—Copyright. (Received November 28, 10.39 p.m.) London, November 28. Silver, 2s_l|d. The fall is clue to dearer money. New Yorkers are shipping freely to the eastern market, and are not buying. FROZEN MEAT. caitisTCHDßcn. Thursday. The Colonial Consignment and Distributing Company has received the following cable message from London:— Frozen meat market: Further fall in North Island mutton. Canterbury mutton, jjd; North Island, 3d. First quality lamb, 4RI; second, 4d. AUCKLAND STOCK EXCHANGE. Business Kuranui, 2d, 2£d; Waihi Extended, 2s Bd, 2s 9d. BU TEES.—Bank of Now Zealand, 47s 6d; New Zealand Insurance, 695; New Zealand Accident Insurance, 57s 6d; New Zealand and River Plate, old. 20s; New Zealand and River Plate, new, 21s 6d; Taupiri Coal Mines, Limited, 179; Westport Coal, 73s 6d; Auckland Gas, old, £13 12s 6(1; Northern Steamship, paid tip, 18s; Northern Steamship, contributing, 8s; Devonport Steam Ferry, 38s 6d; Kauri Timber, paid up. 83 6d; Kauri Timber, contributing. Is 9d: Wellington Woollen, £5 6s; D.S.C., Limited, 9s: Milne and Choyco, Limited, preferential. 225; Sharland and Co., Limited, 21s 9d; Tonson Garlick Co., Limited, 14s; Broken Hill, 2Jd; Kttranui, 2d; Monowai. 2s sd; Victoria, 2Jdj Welcome Jack, contributing, 2J,d; Crown, lis 8d; Imperial, 2|d; Komata Reefs. 6d; Maratoto, 2d: Tairua Broken Hills. 23 2d: Talisman Consolidated. £4s; Waihi Consols, lid; Waihi Extended, 2d 7d; Waihi Grand Junction, 345; Waihi South, 9d; Waitekauri, 7s; Mananu, deferred, 2s. SELLERS.—Bank of New Zealand, 51s; New Zealand Insurance, 71s-, National Insurance, 19s; South British Insurance, 80s; New Zealand Accident Insurance, 61s; New Zealand and River Plate, old, 20s 9d; Taupiri Coal Mines. Limited, 17s 6d; Auckland Gas, new (£4 10s), £12 10s; Northern Steamship, contributing, 83 3d; Kauri Timber, contributing, 2s; D.S.C., Limited, 9s 2d; Milne and Choyce, Limited, preferential, 235; New Zealand Drug (£2), 51s; Broken Hill, 4d; Kuranui, 3d; Kura-nni-Caledonian, 9d; May Queen Hauraki, 8d; Monowai, 2s 9d; Victoria. 4d; Chelmsford, Is 3d; Crown, 12s 3d; Imperial, 4d; Komata Reefs, lOd; Marat oto, fid: Pride of Waihi, 2Jd; Rising Sun, 6d; Waihi, £6 12s 6d; Waihi Beach United, 3d; Waihi Consolidated. Is 6d; Waihi Consols, 3d; Waihi Extended, 2s tOd; Waihi Grand Junction, 37s 6d; Waihi South, Is: Waitekauri, 9s: Woodstock. ss; New Four-in-Hand, Is Cd; Hauraki Freehold, 7id. G. A. BUTTLE, Chairman. W. H. O. Johnston, Secretary. 3.15 p.m., November 28, 1901. CALL AND DIVIDEND LIST. Calls made. ■ £6. d. Date. Tairua Broken Hills. Nov. 11 0 0 1 Nov. 27 Kuranui, October 20 ... 0 0 1 Deo. 4 New Hauraki North, Oct. 28 0 0 2 Dec. 11 Progress-Castlo Rock. Nov. 27 0 0 1 Dec. 11 Waihi Extended, Nov. 22 ... 0 0 1 Dec. lo Waihi Extended, Nov. 22 ... 0 0 1 Jan. 1 Dividends: ir Due. National Insurance 0 0 9 Now Waihi ... 0 2 6 Dec. 2