COMMERCIAL.

New Zealand Herald, Volume XLI, Issue 12708, 10 November 1904, Page 3

COMMERCIAL.

The Stock: Exch&wjt© waa closed yesterday (King's Birthday) and will be open as usual to-day. ■.._'■ AUSTBALIAN MABXETS. By i Telegraph.—Press Association Copyright. ■< .-... ~»{.■>.':■ ■:'■...:.■■ ■ ■ ■; • Sydsrt, ; November' 9. Wheat:" Chick, :Ss lOd to 3s 2jd; milling, 3s, ei«l to 3s 7d. Flour: £8 15 n to £9; Manitoban, £13 to £18 10a. Oats: Algerian, Is 8d to Is lOd; Tasmanlan, white, Ss to Ss 6d... Barley ; " Malting, 3s to /■■''' 3i id; Cape, 2a to Ss 3d. Peas: Prussian Blue, 4s V 3d to is 6a.. Maize, Ss 7d to 2s Bd. Bran, 6d to 6Jd. ; '.■■ Pollard, ;.7},d to 7sd. Potatoes: Taanianian/ £1 15s. to £3 ss; : local, new, £3 to £3 10s. Onions, £5 to I ■■—■ ' £6 10s. Butter, BJd to 9d. Bacon, 5Jd to Bd. | | _ • -Melbocrhh, November 9. i Wheat i Old, 3s 4|& to 'i> 6d; little business, new, i January and February very, 3s 4Jd. Floor,: £8 | 6s to £8 15s. . Oats: .Algerian, la 3d to la 3d. | Barley: Good malting, 8* 2d to 3s 4d. Maize, 2s Ad. Bran and pollard, 7Jd. ; Potatoes, £2 5s to £3. Onions, £4 to £5 10s. *■;,/:.,■..»:. . :'■..■:■ Adelaide, November 9. Wheat: 3s 4d to 3d sd, small sales; new, at out- | ports, 3s hi. Flour, £8 10s, to £8 15s. Bran and pollard,; Bid to Sid. : ; " .- ;'."''■ . : .:.'v,'■.."■..':'.',WOOL SALES. By Telegraph.—Press Association^—Copyright. ; ; ■'; Melbourne,.November 9. Compared with the" opening sales, wool i of all '' ■■: description*, has advanced ,II pet cent. "Merino greasy is selling to 38|d. ■••":■';.,'<-' ■■'^...■■■"■, '•-.■'- '!*''!;'■'.:'-.;: •_ : (Becelved November 10, 1,16 a.m.) .'.■■"-■-■■- " : '-.-:C"v-''"'-. 'v:' '■''■'• SirnsrEY, November ' : 9.'.".-.' ':.'■••'" At the wool tales, owing to the keenness cf competition, high rates were maintained. :/, Greasy, 17Jd (the highest, price slncci the 1899 boom). LONDON. By Telegraph.—Proas Association—Copyright." . .'- .-''-' , jDondojj, November 8. Copper: Spot, £63 3s 9d; three months, £63 13s .-■• ■""- 9d. „ - „ •,•- , - '-■'■ .■■: ; Tin: Spot, £131 10s; throe months, £131 ss. Lead: £12 16s 3d. ' . Wheat and Flour: Afloat, ifi United Kingdom, 3,550,000 quarters; for the Continent,; 1,615,000 quarters; Atlantic shipments, 40,000 quarters; Paci- : fie shipments, 15,900 Quarters. " Bant Shares: Bank of New South Wales, £41. ;..-■'.■": Bank of New Scalane!, 101; New Zealand Loan and . ; s Mercantile Company, 88i ; : others unchanged. I NEW ZEALAND PEODTTCE IN LONDON. [FBOM OtFB OWX COBRKSPOXDBNT.] ■;:'- ' - .; ■ Losdojt, October 8.;; : WOOL. The New Zealand Loan end Mercantile Agency Company write: —" While at the opening of, the „ fifth series on ' September 20 values on average . showed little change . from July closing rates under the .- influence ■■'. ot keen ; competition,. chiefly from American, English, and German buyers, prices for. good and medium merino and all descriptions of "crossbred- subsequently marked- an advance of 5 .per cent, all round, the appreciation being oven more pronounced *in the I case -of bright, -clean. -..■'■' coarse, greasy crossbred, suited to United States requirements, and the finer qualities of slipe. For -wasty and. fauitv merino; which was in rather .heavysupply, :: the -bidding was , somewhat irregular and -values were for the most 1 part: 5, per cent, lower.; '.merino and crossbred lambs realised full rates, \ -but. faulty and abort merino ruled in favour of •'•:■' buyers.;■■■- The strong position of the market _I* : '■. undoubtedly '■■ mainly owing to the. present: scarcity ■ ■".'. of the raw material. ': Trade both here and on the "Continent is .far-.: from satisfactory,::. manufacturers experiencing the greatest difficulty ;' in - obtaining prices commensurate :1 with those : ruling ; for ■' raw "' ' wool, a condition ■of affairs which led to consider- ; able quantities of imported wool i being offered on ■-':"■ Continental account daring the series just closed. Of the 84,000 bales sold, 30,030 bales \ were taken ■ for the " Continent and '4000■ bales tor America, some SSOQ bales being held over for future disposal.'; > ■:_ ■ The National Mortgage and Agency Company tell , me ~ that the Importers' Committee : have fixed the ■ ■ «ix series of wool sales to be held here next year, as follows:—First series to r open :on January: 17, with no limit as. to quantity; the second series to . open on March 7, the .. third on May 2, the , fourth on Julv 4,. the fifth on September IS, and the sixth : on November 28; In [ all; those ' case?; limitations of Quantities (if any) will be = arranged later.:: lor - toe; sixth, series., of the current year, to open on ; November 22, arrivals no total 14,1171 bales, 5349 bales being ; from iiew Zealand. • XAUBI GU.U. The most recent sale" of kauri gum took place on Thursday, when, according; to the report which ha. been furnished to me by Messrs. S. Figgis and ■'■'■ •'''■; Co.. thcr= was & good demand fox rescraped gum, •-.:.;- : which sold at dearer rates. The threequarter n *° . half-scraped descriptions were, on the, other nana, : --.'-' ■ neglected. Dark brown scraped gum *» t mso o<l . request,' and full prices were realised for the cases .old; other grades: were steady. Chips sold well. 'The list catalogued contained 2450 packages, about 600 of which were disposed of. The one case of dial available went for £16 7s «;«*•« *®, ?" : of rescriped, 25 sold at from £8 2a Cd to £14 os. Only 25 - cases; of :. threequarter-seraped, out; of ..use • 230 offered, were disposed of, the: price given being from £5 15» to £6 (one lot, very, chalky, flight 87s 6d). » None of ■, the 150 cases- of half-scraped were sold.' 1 Of the 180 cases of pickings, 60 pack- *: ages were cleared,': the sum - given from 43a to 60s. All the chips on offer, namely, 15 cases, found purchasers, middling palish bnngl «■'6 d to 63*. Out of the 600 cases of dark brown eat* ; lojrued, 290 packages were disposed of, ; the prioes ranging from 25 to £8 Ws; 50 cases, of bash, r out of the 120 on offer, realise* prices varying. from " 24s 6d to £S 10s. There were also catalogued 1000 cases of dust: and sifting!, and in. the result, I<o " ■ package* sof ; sittings were .bought at,- .prices, „ rang- , : : ing from; 4s' to :33s.,?.Messrs .Figgis announce , the; next kauri gum sale for November 3. The following ore the prioes current:— : Dial: Fins white, picked, £15 to £16 10s per cwt.; . . fair and good, £13 to £14. Be-scraped: Good_and ■ fine, pale, £12 to £» 10s; pale amber, / £10 to £11, : •mber7£7 10s to £8 10s; dark amber, £6 10s to £7. ■'■ ; '.' No. I—threeqimrter-seraped: Good and fine, extra, £6 10a to £6 15s; fair, little mixed,. £5 10s v' ; :i- : -*;' to £6 ss. No. 2—half-scraped. sorts: Fair to good, :■-■ bold, 80s to 90s; smaller, ordinary to fair 70s to, TSb . Sorts: Good ordinary unsorted,. small to Dow, ,' 60s' to 60s. «No. 3—pickings:. Good bold, not very drosay, 45s;to Ess;' inferior, woody to middling, ; 0s to 40-. Chips: Bold, pale clean, fair to fine, wOs * to 100s; fair palish,' 60s to 70s; ; middling, part | coated, to fairly clean, 60s to 60s; drossy, inferior • A coated part diggers, 25s to 40s. Sittings : % Good - to fine pale, cllin, grainy, 25s to 60s; dull and 'more fool, 14s to 20s. ; Dust: Ordinary to good, 14s ■to 25.;; common floor and inferior, Csto 12s. Dark brown:. Selected, ! re-scraped, lOus to 140s;>o.l----"hreequarter scraped, fair, to fine/80s to 90S; *o. :■ S-half-soraped, mixed to good, 4os to Joi; No. 3 -drossy, mixed pickings, 25s to Sss; chips, ordinary -.?'-: drossy 'to fair clean, 30s to : 5Cs ;>f Bush: Se.ect- ■ ' •d, re-scraped, to - 170s; No. 1. fairly scraped, part pinky, MPs to 120s; No. 2, ,haU **»«*■ quarter-scraped, part pinky and drossy, 60s to Ms No. 3, pickings,, low- drossy to fair, to - 535; Chios, drossy to good, clean, bold, 40* to 90s. :,. '," - Tie Staring Is a comparative italement for the : --- ; last three -years:—l9o4:- Imports (January 1 to ; -6eot.naber 30),,. «ay, net, : 1832 tors; deliveries SS to September 30), net, 171,91 tens; stock Jsentember 30), net, , 1178 tons. I »3: Imports Suarfl to September 30), Say, **, 1»« tons;; : deliveries (January, Ito Septem her • 30) "t, ISto tons; stock; (September 30), net, 748 tons. 1902. (January 1 to September 30), say, »*t,-1<59 to ns »„" e ; liveries (January 1 to September 30),. net, 2054 ;.,. tons; rtock' (September 30), net, 11R4 tons.

NEW ZEALAND MEA'.C.

The New Zealand loan and Mei:can«le Agency ComnanVnotc that the demand for mutton has iSS: qui.t during the last three weeks, SrtwWr stocks* in Jew hands it has been . possible To secure slightly higher Pf*Vt *ric£ have lambs now meet a very slow sale, but prices .nave been fairly well maintained, save *£**"'*% rases /tee*).' 401b and upwards. Beef from an Purees continues in plentiful supply, and values •11 round have further declined. , - It is noted by the National Mortgage and AKency Company that duping the past three weeks the arrivals of New Zealand muttop have totalled .bout 89,000 carcases. There has lately been £ slight improvement In the demand, and there has beerTsome inquiry for. parcels near at hand in anticipation at a rise in values owing to the light arrivals °hto month. The consumption of New Zealand lambus decreeing, but there has been no Cumulation of stocks, and prices remain fairly ■tladv The low prices ruling for secondary Mades'oJ chilled beef have rest-rioted the demand for frozen beef very considerably, and sale* have been most difficult to effect. According to the National Mortgage and Agency Company the demand tar New Zealand rabbits at « XV over Auetxalian Is distinctly quiet, and quotations are slightly weaker than they were three weeks ago. Top price for large New Zealand rabbits. 2*lb and up, is 7Jd to JJd each, and for Anotralian of same d.isoription, 7d «> Ji»; .Arrivals from the colony have totalled 2o<o cases, •ad from Australia 83,838 cases during the last three wefis. • •:' '■.": ■ ~.-;. .' , " : DAIRY PRODUCE. It is noted by the New Zealand Loan and Mercantile Agency Company that the demand for aU deacriptiona of butter during the past three weeks has shown a marked improvement, and: prices all round are firmer. Finest new season's Australian butter is quoted at 108,. to UOs; stored parcels, at 91s to 935, and New Zealand Btored at 94s to SBs p«>r fwt. I hi>ar from the National Mortgage and Agency Company that there is a dragging <Bale8 ale of stored ■ Barrels of New Zealand butter, owing to the deterioration iin quality. This firm again expresses Its opinion that it hai. been a great mistake to hold over the batter, as it undoubtedly seriously Injures the reputation of the New Zealand make. The auction given for the stored butter is 9G« to 98s wi cwt Fresh made Victorian butter is onoted at 108s to 11-U; finest New South Wales, at 106s to 110s for fresh made. Trade in cheese is vcrv dull, and it does not at present look as if prices will improve just yet. .Stocks in London arc not heavy. V?lilte and coloured New Zealand •heese is quoted at 41s to 42s per cwt.