COMMERCIAL.

New Zealand Herald, Volume XLIII, Issue 13286, 19 September 1906, Page 5

COMMERCIAL.

Nbw Zealand Herald Office,

. Tuesday evening. The shareraarkefc was rather quiet to-day. In standard lines New Zealand Insurances sold at £3 18s, and closed a point firmer with sellers at £3 19s, and'further demand at £3 18.". Northern Coals (7s 6d paid) wero done at 14s 3d; late buyers Us, no declared .sellers. Taupiri Coals sold at 20s 9d, late ' sellers 21s, buyers 20s 6d. Contributing Northern Steamships had sales at 7s lOd, late sellers Bs, buyers 7s 9d. lu mining Waihis changed hands at £9 18s. and more were wanted at £9 17s, late sellers £9 19s. Talismans were again a bit easier, and after sales from 30s to 29s fxl to 29s 9d to 29s 6d closed with demand at 29s 6d,and sellers asking 29s 9d. Waiotahis sold from 30s 9d to 31s 3d, and closed with demand at the latter figure, sellers asking 31s 6d. Sellers of Waihi Grand Junctions were prepared to sell at £2 16s 6d, but there were no declared buyers. Old Alburnias sold at 2s Id, late sellers 2s 3d, buvers 2s Id. Waitangis (contributing) sold at Is Id, late sellers Is 2d, buyers Is. Tairua Broken Hills sold at Is lid, late sellers Is lid, buyers Is 9d. Komata Reefs sold at 2s 3d, and 2s 4d, late sellers 2s sd, buyers 2s 3d. Crowns showed a little improvement, lato sellers demanding ss, with buyers at 4s 6d. There were no sales. Sunbeams advanced a point, selling at 9d, and closing with demand at BJd, no declared sellers. . , Distributing houses are still kept busy with both town and country orders. The demand for our produce for the Island trade is Headilv on the increase. Coffee: We have received from our 'Frisco correspondents tho following re coffee:—''The market is booming, owing to the Valorization Bill in Brazil, to which the President of that country has just affixed his signature, thus putting it into effect. By this the Brazilian Government, proposes to buy from the planters in Brazil all the coffee grown there, paying a certain price for each of the different grades. We understand that 32 milreis w'ill be the minimum and 36 milreis the maximum price to be paid for quality equal to No. 7 of the New York standard. To meet the financial part of this newly-formed Trust, for Trust it is, the Government proposes to issue bonds up to 15 million pounds. By this Bill the Government becomes the sole seller of all Brazilian coffees-, and as such expects to be able to mate its own prices. Brazil produces about two-thirds of all the coffee grown in the world, and is therefore the leading coffee-producing country, but it is rather problematical how this gigantic undertaking' will turn out, particularly in years when crops are large." Kerosene: There is no chaugo in the ex store price, but the quotation to arrive by the Aymeric is 10^d. Benzine remains unchanged. The supplies are short for immediate requirements, but there is ample stock on the way. Butter: Tho prospects still continue good. There aro very few 'factories that have not sold their output for the season. Cheese: The market still remains firm ; all tho factories have also arranged for their output for tho season. Lard: A good demand exists for this, but the supply is barely sufficient to cope with it.

Glucose: New York reports that the market remains firm at 2 dollars 21 cents per 1001b for crystal H and equivalent grades, and'2 dollars 31 cents for crystal A. It rathor looks as though this was high level, and that with the now corn crop available prices will recede more or less. Bacon and hams still show an npward'.tendency; in fact, some factories have oversold and are now looking round for supplies to fill their orders. Canned Fruits: San Francisco reports that tho market opened for standard quality at slightly lower Quotations than last season, but a hardening tendency is now showing, with a probablo rise in price. Salmon The latest from San Francisco is that some concessions are being offered, duo to'anxiety of holders to move heavy stocks. New goods will be ready by about October 1, and; prices will be higher. . Rico: The Australian market is very much firmer. The position in the East grows more serious every day; all the world's crop is in and shows a big shortage, and cables coming from every producing country state very small supplies and very high prices.. '.'. Sago and : T«rpiocttt Latest cables' from: Straits Settlements report unable to quote at* all. There are no supplies, which shows that the spot market is very bare. Hemp Seed: The market has gone up £* a- ton. •

Canary shows weakness for January-March arrivals. ; *

Potatoes: The shipment ex Ventura from San Francisco arrived in good condition. Although the quality is superior they are on the small side, but are very well suited for seed purposes, for which most, of them have been sold. The Moana brought 2200 sacks from Sydney, and the Mckoia 187 sacks from the South. There is a fair market, but. Southern potatoes cost too high to compete with the Australian product. Table potatoes aro quoted at £11 5s c.i.f., and Australian Up-to-Date seed at £13 10s c.i.f., whilst Southern Up-to-Dates cannot be sold under £15 to £16 c.i.f., but they are rather .scare*. > | Onions are selling very slowly. The ; quality of the shipment ex Ventura was an ! improvement on those of : the previous steamer from San Francisco. A line of real Brown Spanish local grown was cleared at £9, but there is no more to be had of this quality this season. Wool: There is nothing fresh to report, and there is not likely to be any more till the first sales of the season,take place. Fungus is in very short supply; the demand is keen in consequence, and the price has advanced to 4|d. Chaff: There is very little good quality coming forward just at present, and a fair demand exists at £4 7s od to £5 on trucks, or at £5 5s to £5 10s ex store for any. good lots that come to hand. A quantity of off quality, ex Aupouri from the Coast, lias been placed on the market, but it is hanging fire. Bonedust': All recent arrivals from Calcutta have now been stored, and in consequence the price has firmed to £6 10s, at which figure there is a fairly good demand. Sydney is quoted at £7 5.-. The market is rather bare for superphosphate?, and further arrivals are being waited for. Thy present price- is £4 5s ex store wholesale.

Wheal : The market is slightly easier at present, but- the farmers are taking a stand, and are holding, waiting a better market. The arrivals this week ex Moana. were 1100 sacks.

Maize: The arrivals to hand are 160 sacks ex Moana from Sydney, 720 sacks ex Aotea, 300 sacks ex Aupouri, and 400 sacks ex Waiotahi from the Coast. Notwithstanding these heavy arrivals tho market has not eased, the price, remaining the same for prime. A portion of the Aotea cargo is good seed maize, for which 2d per bushel extra is asked. There is a portion of tho above that is on the soft side, -which will require to bo sorted out and will be. sold by auction. The Sydney importation is selling at'the same price as the coastal, but importers are- anxious to sell, as they are afraid of the weevil, which develops very quickly in this maize, and they do not caro to store it. Grass and Clover Seeds: There is an improved business for spring sowing, which has not yet finished. Oats: The Southern market is somewhat firmer. The Wanaka is now loading, and is expected here on tho 25th inst. The local market is fairly stocked at present. Oamaru Cartons this season are very bright, and full and have the preference. Bluff oats on the other hand aro difficult to sell, as the quality is on the poor sido, and there is a fair quantity of them at present on the market. Algerian oats ex Moana redressed are selling freely at 4s 2d per bushel ex store; there is not a heavy stock, but ample for requirements. , Frozen Meat: There is very little business doing in this, as the price realised for the local market is in excess of what exporters could work a profitable business, the Home markets being rather low at. present. r - ■-■•• Timber: Orders for kauri are coming forward very freelv for all classes. Tho mills are kept'employed full time. Some of the Hast Coast mills are well supplied with logs, but the West Coast mills are not so favourably situated. Inquiries have been receive*,! from the United Kingdom for white pine timber, hut so far only small sample parcels have been sent. Considerable quantities of this timber are now being used in the Ferroconcrete Company's work, which provides a new local market for certain large sizes and long lengths. Butter box factories are beginning to send out supplies to the dairy companies, and as the dairy season promises to be a good one large quantities of white Pine will be required for these special cases. There are several sailers loading at different mills on the Wairoa and Thames Rivers. Flax: The supplies have not come forward *> freely this last week, doubtless owing to the veiv wet weather we have had. *"0 total receipts tins week are 692 bales, which equals 117 tuns. The market remains about N"\sH]m\ but there is no fresh demand; and <>«].«'« are rather difficult to obtain at tlie 1 ruling rates.

'Tow: There is a fair "demand for exportingl purposes, with very little change in the quotation, prices remaining fairly firm. ; ' Bar iron is in somewhat short supply, the activity in the Home market being responsible for slow delivery of colonial orders. Galvanised Netting: Following on the advance in galvanised wire this line must of necessity increase in cost, and an immediate advance in price is to be expected. . , Lead has taken a further sharp advance, affecting the price of ingots, sheets, pipe, and also conipo manufactures. • ~'".' Black and Galvanised Pipe: Cable advices to hand show an advance on tubes of ten per cent., which will influence the local market as shipments at the advanced rates come forward. , ,•.,.",. Galvanised iron, as predicted in our last report, has "advanced 5s in the Home market. So far this has not affected local stocks. Indian Tea: Quality from the Dooars has shown a slight improvement. Darjeelings have been good, but nothing fine has been offered, and the best teas from this district are now over. Assams have been irregular. A quantity of very good second flush, equal to anything shown this season from this district, has been offered, but a number of marks have shown a distinct falling off. Cachars and Sylhets have fully maintained their quality. Wherever quality has fallen away prices have declined sharply, but for equal quality full previous rates have been paid. Low-grade teas genorally have advanced two to three pie in the fortnight. Cevlon Tea Sales this week comprised 1,216,0611b. The selection was a fairly good one, although there was no actual stand-out tea in the cup, but many invoices showed distinctly improved leaf with plenty of tip. There was a good demand for all kinds, although we can hardly report any actual change in values except in leaf sorts. In, brokens there is a good demand for the best. Here and there an advance was noticeable. Occasionally buyers were able to get rather better value than last week. Common brokens for price were extremely firm, and are becoming scarce below 30 cents. In leaf teas Russian demand is very strong for Pekoes, and a further advance of J_d to id might, already be recorded. In dusts and tannings Savoury sorts are in better demand, and more attention is being paid to flaky broken tea kinds, at about 20 to 25 cents. KAURI GUM., The supplies up to the 18th inst. are 371 tons. The exports aro 15* cases per Moana. The market, remains steady for nearly all classes. Pale select rescraped is still in good demand at full rates, very little coming forward. Rescraped ordinary is selling well. Some parcels aro not thoroughly rescraped, containing a proportion of three-quarter-scraped, which reduces the value accordingly. Superior ordinary sells freely, prices remaining steady. Medium ordinary is slow of sale, and washed nuts are not sought, after. East Coast does not. move off readily, on account of the high values demanded: "prices must bo reduced to obtain steady business. Black gum is coming to hand in increased quantities. Good hard steel is still wanted, and if free from streaky commands a. high figure. Some of the parcels coming forward contain a quantity of well-scraped sugar, which the Austrian diggers aro cleaning so well that it is difficult to distinguish it by the eye from sound, and buyers are now taking the stand that they will" not purchase these lots unless they have a sample package to try out, as it. is not. possible to arrive at a true value unless put over the sieve and chopped. Unless this practice is stopped and the sugar packed separately the diggers will be the losers, as storekeepers will not bo able to give a fair value for the good gum when it is so mixed. Medium black is moving off slowlv, prices remaining unchanged. Black nuts are about the same. Bush gum is not. arriving in any quantity. Rescraped, if good colour and free from bled, is wanted, the demand for other grades being slack. , Black chips and dust are quitted at, good prices on arrival, but. ordinary chips and dust are accumulating, and are difficult selling. AUCKLAND STOCK EXCHANGE. The following are Tuesday's closing prices, the business done being::—New Zealand Insurance, £3 18s, £3 18s; Northern Coal,/ 14s 3d; Taupiri Coal. 20s 9d ; Northern Steamship (contributing), 7s lOd ; Waihi. £9 18«; Waiotahi, ■$}* 9d, Sit, 31s 3d; Talisman Consolidated, 30s, 29b 9d, 29s 6d, 29s 6d. 29s 9d, 29s 6d; Old Alburnia, 2» Id: Waitangi (contributing),. la Id; Komata Reefs, 2$ 3d, 2s Id; Tairua Broken Hill*, Is.lid; Sunbeam, 9d. .

CALL AND DIVIDEND LIST. Dividend* Bank of Australasia 2 8 0 Oct 5 Call* Mahara Royal, August 27 ... C 0 1 Now Coinstock United, August 22 ... 0 0 2 Now Now Monowai, August 27 ... 0 0 1 Now New Moanataiari, August 20 ... 0 0 0J Now New Dart, September 17 ... 0 0 1 Sept. 29 Golden Belt, September 17 0 0 1 Oct. 17 NEW ZEALAND LOAN AND MERCANTILE AGENCY COMPANY'S, LTD., REPORT. Horses: At the Durham Yard* on Friday horses were yarded in less than average numbers. There was good competition for all classes. Heavy draught* sold at from £27 10s to £36; medium do., £18 10n to £24; hacks and light harness horses. £6 Sa to £20; buggy, £15 dogcart, £12 10s. At .Pukekolie on Wednesday there was an exceptionally large muster of "stock of all kinds, over 1000 head being yarded, amongst them 294 dairy cows and 'heifers. Dairy cows, unless something of extra good quality, showed no improvement in prices, but all other clauses of stock were better worth. Dairy cows sold at from £3 10s to £8 15s; do., heifers, £4 5s to £8 10s; empty cows, £2 5* to £3 l&s. Three and four-year-old steers in forward condition sold at from £5 sfl to £6 19s. A line of 51 steers from two and a-half to three years old, in very low condition, sold at £4 10k; two-year-old steers, £2 5s to £3 17s 6d; yearlings and strong calves, £1 7s to £2 9s; weaner calves, 15s to £1 4a. Beef, of which there was a good yarding, sold at Newmarket rates. On Saturday, at. . Waiuku.-there was again a good yarding of slock of all classes, which sold well. "Dairy cows .-old at from £3 5s to £7 10s; empty cows. £2 '° £3 17s 6d; grown steers, £5 lbs to £6 lis fed; two to three-year-old do., £2 10s to £5 s*; calves, lot- to £1 7s; beef at Newmarket rates. Pigs: Slips, 8s to 13s 6d; weauets, 12s 6d to £1 I*. Cattle: At the- Newmarket laid* on Tuesday there was a full yarding of stock of all description*. Dairy cows sold at from £3 10s to £7; empty do., "£l2 5» to £'; calves, 15s to £1 3*.

Beef, of which ' there was a I good yarding, was mostly of choice quality, although no extra heavy weight* were - penned. Oxen Bold to 23s per 1001b, cow 17s to 20s. Steers sold at from £7 to £10 17s 6d; cows, £4 to £7 12s 6d. . Sheep were yarded in full numbers at the Newmarket Yards on Tuesday and met a keen competition at; late rates, ' wethers felling at from £1 Oi 6d to £1 7a; ewes, 19s to £1 33 6d; hoggets. 16a to 19a 9d. ; Pigs: Porkers sold at from 15s &d to £1 lis; weaners, 6s 6d to 12s. ■ We submitted an extra large' catalogue of hides, skins, and tallow, all lines meeting with keen competition. . . . ~ Hides: The market advanced id to id per lb on cows and light ox hides. We quote—Prime ox, B£d to 9d; extra stout do., 7Jd to B,Jd ; stout do., 6*d to 7Jd; medium do., 6id to bid; light do., Did to 6d; cow, beat lines 6d to 6id, good s,'l.V*, s|d: stags', 4id to 42d; kins. s|d to 5Jd. Calfskins, bid to 7Jd; cut, 5d to W. Damaged hides, 4.id to 5Jd; horse hide*, 6s to lis. Sheepskins: Market active. Best butchers', extra largo 9s 6d to 10s lid. large 8s 6d to 9s, medium 6s bd to 7s 6d, small 5s to 5s 9d. fallow: Market firm. Best mixed, up to 24s 6d; good. 22s 6d to 23» 6d; inferior, 20s to 21s 6d; rough fat, lid to ljd. Horsehair, Is 4d to Is 9d per lb. Cowhair, lOd to Hid per lb. Bones, £4 15s. - Cowtails, Is 6d to Is 8d dozen. Hornß: Large, up to 24s per 100; medium, 10s to 15s per 100; email, 2a 6d to 6s per 100. Maize: Market is firm at 3s 4d on wharf for wholesale lines.

Oats: Stocks have greatly decreased. Supplies are small and the market is firm. Chaff is firm at £4 17a 6d at rail. Potatoes are in. good demand at £12. Butter: Market is being supplied by farmers in very heavy quantities and the market is consequently very much easier. Prime separator is fetching 9id. We think that when shipments are mad'j in real earnest there will be an advance of Jd. Fungus: In good demand at sd.

HORSE FAIR. The New Zealand Loan and Mercantile Agency Company, Limited, report:—On Wednesday, Thursday, Friday, and Saturday, September 12, 13, 14, and 15, we held our annual spring horse fair at Cambridge in the new saleyards recently erected by the Cambridge Borough Council. The sale, we are pleased to report, was one of the most, successful we have ever held in VVaikato. During the four days we offered 115 draughts and light colts and 690 broken draughts, hacks, light harness horses, cobs, and ponies. A large attendance.of buyers was present from Auckland, ChristchUrch, Palmerston North, Fcilding, • Oisborne, Taihape, Taumarunui, Te Kuitl, Te Puke,. Rotorua, Raglan, and neighbourhood. Competition was brisk for all unbroken stock and draughts, every horse being sold at the hammer or afterwards, excepting a few two-year-old light colts and a few aged draught On the 14th and 15th the prices for upstanding hacks, good buggy horses, and cobs ruled high, two large buyers of this class securing a large number for the Indian market. We quote:—Unbroken draughts, from £35 to £44 (tho latter prices were obtained by Mr. John Bradv and Mr. George Finch); active medium draught sorts, £22 10s to £32; upstanding hacks and harness sorts, £14 to £19 10s; draught, mares and geldings from three years to six years, £44 t0.£50. .Twenty young draughts from .Tamos Taylor elicited brisk bidding, selling at from £35 to £50, averaging within a trifle of £40. Active draughts, £27 to £38; aged draughts. £16 to £24; upstanding hacks, £19 10s •to £30; one three-year-old, bred by Mr. James Tavlor. £27 10s, .and one four years from Mr. Win. Scott, £30: useful hacks, £12 to £17 10s; light hacks. £6 to £13: good cobs, £10 to £18; good ponies, £5 10s to £11; others. £2 10s to £4; good buggy horses, £15 10s to £24 18s: roadster horses and" harness, £16; spring-cart and harness, £12 10s.

. Seller* -. Buyers. BANKS- '. V* £ * d New Zealand ... „. 8 17 6 R 15 0 National , ... ... ... 5 12,6 510.0 INSURANCE- ' -' •_ "-"•■,,."• .New Zealand '■' ..V ... '3 19 0 318 0 New Zealand, new ufiue... 3 16. 6 -"' ■-* . ' ™'''...' National •■■-•... ■• ,.i • ■• .'.'.""if '• 5' 0' ' ? " 1 TV .:South British ' „>•-:'<.;,*U 'v_;'-.-.,V ' 5 13 0 ' -Standard. ...-- ... , «,.-1 0 -6 * • 1' 0-0 FINANCIAL— -• , National Mort. and Agency — 2 18 0' N.Z. and River Plate- ..." 1 10 6 19 0 COAL— ; ...--' -. . < ,.,-■, Hikurangi ... . _ - ■ 0 16 0 N'ort. Coal, 10« paid ... — 0 14 6 Sort. Coal, In 6d paid ... — 0 14 0 -Taupiri Mines, Limited... 110 10 6 Westport ' ... • . ' ■ .; ' — 6 13 0 Drury Coal . '■ ■ ,„ - 0 8 6 — GAS— •■'' ■ Auckland ... „. ' . . 14 15 0 14 10 0 Thame* • hi v ... 1 IS 0 — Oisborne .„'..... ' — 2 9 '6 Hamilton 2 8. 0 • — snippiNo- ..• '. - Northern Steam, paid up.. 0 17 6 0 17 0 Northern Steam, con. ...0H0 0 7 9 Devonport Steam Ferry... 1 17 6 — TIMBER— . ... ... . , • Kauri Timber, paid up... 0 15 9 0 16 3 Kami, contributing ... 0 5 0 0 4 10 Leyland-O'Brien Co.. Ltd. — .240 MISCELLANEOUSAvondale Brick and Pottery 0 14 6 0 11 6 D.S.C., Limited ... . . 0 8 1) 0 7 7 Hill and Plumraer, Ltd... 12 0 10 6 H.M. Arcade Co.. pre?, '10 — MUne and Choyce, pref. 12 6 110 Milne and Chovce, ord... 110 — New Zealand Unite, £2 ... — 2 8 9 N.Z. Portland Cement Co. 1 17 0 1 15 9 New Zealand Portland Cement Co., new issue .. — 17 0 Northern Boot _ 0 9 9 N.Z. Paper Mills _ 12 6 Union oil , 110 — Wiseman and Sons, pref! 0 18 0 0 16 • 0 MINING— Kuranui ... 0 (1 9£ — Kutanui-Caledonian ,,,0 2 1 0 1.10 May Queen Extended . ■ 0 0 10 0 0 8. New Dart -.008 00 6' New May Queen 0 3 >.' 0 3 1* New Mounataiari , , ...017 0 14 New Monowai • ... 0 0 8£ 0 0 Ik New Occidental ... ... 0 0 3 ■ — New Una ... ,,,003 — New Saxon 0 0 9 II 0 7; Old All.urwu 0 2 3 0 2 1 Southern Queen, 6d paid 0 0 9 0 0 7 Southern Queen, eon ... 0 0 8 0 ft 6; Thames 0 0 10'. 0 0 3 Trafalgar .. ... ,.. 0 0 4% — Victoria 0 0 ll" 0 0 7 Waiotahi 1 11 6 1 11 3 Waitangi, 6d paid .014 12 Waitangi, contributing ... 0 12 0 10 Bunker's Hill ..... 0 0 10 0 0 7 New Four-in-llant! ... 0 1 0 Champion, paid tip ... 0 1 10 0 18 Champion, contributing ... 0 1 4 0 10 Crown 0 5 0 0 4 6 Golden Belt, paid ... 0 7 7 0 2 6 Golden Belt, contributing 0 2 4 0 2 1 Kirikiri, contributing ... 0 0 6 Komata Keels 0 2 6 0 2 3 Muoriland, contributing. .Oil , 0 0 10 Prido of Waihi ... ..010 00ft Tanii.i Broken Hills ... 0 l 11 0 19 Talisman Consolidated ...19 9 19 6 Waihi ... 9 19 0 9 17 0 Waihi Beach ... 0 0 9 0 0 8 Waihi Consolidated ,,.023 018 Waihi Extended ... 0 4 11 0 4 9 Waihi Grand Junction ... 2 16 6 • — Sunbeam Gold and Silver — 0 0 8i 11. P. HUDI.B8TOK. Secretary. U A Bctti.s. Chairman. 3.15 p.m., September 18, 1906.