COMMERCIAL.

New Zealand Herald, Volume XLVI, Issue 14142, 18 August 1909, Page 5

COMMERCIAL.

r .j viiafomarket exhibited a much easier I . e yesterday, quite a number of stocks, 'articularly mining scrip, showing a marked ' I ~, c Investment stocks commanded little tuition, the only sales recorded being in Sther" Steams (paid) at 12s 6d, and (con.) 'i 6 , in New Zealand Portland Cements ' Tld issue) at 42s 6d ; and in Wiseman and 111. Limited (ord.) at lis 6d. In mining VeT tho majority of the stocks were con- ' "A ahlv easier. Waihis, however, remninI ft m «> llin at £9 10s M and £9 lis, • th further buyers at £9 10s, and sellers at \i;Vq Us. Talismans, which sold at 58s the ' retious day, changed hands at from 57s 9d • r r s7s, the market closing with buyers at «s 9d! and sellers at 57s 3d. Grand Junef.Sjftlso experienced a further drop. Starting at 52s 6d, as against 535, the last record- '«] "sale the previous day, they sold down to r 51s 94 "P again to 52s 3d, and down again to'Sls, closing- with buyers at 50s 9d, and ! sellers' at 51s 3d. "Waihi Extendeds, which ad up to as high as 8s 7d on Monday, were a j 3o or. the downward grade, selling at from -2d to Bs. In Thames scrip a general drop was recorded. Waiotahis sold at. from 7s Id iofislld; May Queens at from 6s Id to 5$ S<l to 5s lid; New Sylvias at from 3s lid to 3s 7d; Saxons at from 2s Id to Is 8d to '■i&lOd {':■■■ Victorias at from 2s 2d to is lOd; and Watchmans nt 2s 7d and 2s Bd. In Coromandel lines Royal Oaks (paid) sold at 2s lid ' and 3s, and (con.) at 2s 7d and 2s 6d. Crowns eased off to 7s 3d. and Tairua Golden Hills to 6s 7d. A number of other stocks i were dealt in at the usual prices. I i-' ; Conditions of trade since our last report are j unaltered, but from now onwards we can expect business to brighten tip considerably. : ■■■Currants: As advised, prices have taken * sharp rise, and a still further advance is looked for. . ! ! Sultanas are slightly easier, but we think i the drop is only temporary. Good business !;■» going through at to-day's prices. | ■;j , jgs: No change to report. Merchants are ■; Booking freely to arrive for Christmas trade. U... Prunes: To-day's cable indicates an upward tendency. A good local inquiry exists for spot stocks. :; Dates: Market is about cleaned up for present season's stocks. No change in prices a.- regards the forward market. Caudles: At present low price busing, is brisk. Shipment of Burmas just arrived went rapidly into consumption, with a sympathetic demand for the local arviclc. * Cream of Tartar: Prices arc very low, and w« consider the present a good time for ; operating. Almonds: Sicilys have declined a fraction. j Jordans and Valencia* are unaltered. j§ Canned Fruits: There is every indication !; of an advance in price of Californian canned j . fruits within the course of a few days. Aus.tralian advices indicate a shortage for the ; new season's pack. j/Haricot Beans: Good inquiry for spot i.j Blocks, and holdings aro in light, compass. '■'■[. Castor Oil:-Quotations for November direct shipment, are slightly easier, j Linseed Oil: No alteration in price, but I London cables indicate that higher prices .trill.rule in the near future.

;t Pig Iron: Marker steady at last quotation. Wire: Fair orders have been placed dur;:ing the week at current quotations. Hides: There is no change to note. Prices continue firm, with good inquiry. Sleepskins: Market continues firm, but tbere is a tendency for prices to be easier. Tallow: Market very firm at late rites. ! 1 Potatoes: The j Moura brought 755 sacks from the South to a market that was only ;fairly supplied, and the demand continues Rood, both 1 for seed and table. - Price is £5. Possibly the information that attempts will be made, to lift the restrictions now in fore© fat Australia preventing Now Zealand potatoes being imported into that country may : make holders in the South firmer. Unless this happens there does not seem to be much j probability of any groat alteration in the value. ■/,".' ' r '•--"' '■'.' ■'■\..'''■':■■■»•■■"'' v: ■['"'' ' t '... ; V - : .'"; '■'""•

Onions: The Moura brought 127 laekfi ; from the South to a bare market. Price is £7 for prime. On _ account of the quality :■ of /the onions, distributors are only buying sufficient to keep them going. A shipment !of Japanese may be expected to arrive here next Monday. j Oats: Stocks in Auckland aro ample for requirements. The market in the South is 'undoubtedly slightly easier. Price, 2s sd. Claft is very plentiful, and, owing to the quantity.. ol green feed, the demand is not , very strong. . The Flora brought rather a leayy shipment from Pieton, the quality of (which is very prime. Local-grown is still coming. in very freely, and holders are jßnxioiis to quit. Price remains at £4 for ; prime local and £4 10s for Southern. I Fowl. Wheat: There is no change to report." . Stocks are light; demand good. Price, 4s Bd. Maize: Tho Aupouri brought 143 sacks, and tho Ngatiawa 232 sacks from the coast. Stocks held hero are rather more than the demand warrants, and in consequence it las been rather difficult to mak-; sales of any size ex wharf, distributors preferring to purchase just sufficient for their immediate .wants. Consequently, most of the maize that has arrived within the last few days has had, to be taken into store. Price remains atSrlOd ox store for prime sample. Some inferior lots have been offered at a slightly lower price. > ' " Bran: : A drop cf 7s 6d per ton has been announced in this, and the price now is ; 43|175,6d. Stocks are quite sufficient to .meet, the demand, which is.not very strong just now. v:."- _'' , I Pollard: This has also been lowered, and tho price is now £4 15s, but there is a fair 'mount of business doing; still, stocks aro tuple.; \ ' ; fungus: All- dry lots coming forward are realising sd. Some of the recent arrivals save been very damp and required drying. Hax: The deliveries for 16 clays of August *» 352 bales, equal to 70 tons. The latest cables from London notify a firmer tone in the market, and there is more inclination to oo business for forward shipment at prices &»t are rather in excess of the present weal quotations, which have b?cn nominal ■or some considerable time. Should this Kratimie there is no doubt that a good many "wra mills will commence operations this /*»« on, and we may look for the supplies « flax to be very much augmented. At %Jpresent time it is not safe to alter the flotations that have been in force for some and are still only nominal, viz., £19 fi lor g.f.a.q., £17 10s for f:a.q., and £14 *J3for common. . Tow; There is not a great quantity of this «*img in. For the 16 days of August 181 «'«,": equal to 18 tons, came to hand. The awrage price for export is £4/ Ceylon Tea: The offerings at the Colombo «ions of the 21st ult. totalled 1,765,0321b. "e have very little change to report, for Sg selection and quality were- equally as |°od as that offered at the previous sale. |*mand» still active for all growths, and E consequence last prices were fully main- i lined. Leafy, medium broken Pekoes were j ■m more ; : favour, and this grade was the wly one which showed any improvement in graft Teas of this description were 1 cent 8 ' cents in 'advance of last quotations, but Practically no change was noticeable in °w»r sorts. Quality of high-grown teas con'Dires to be very firm, and, as the demand these growths seems to have overcome : M;?»Piuy r . full rates are being paid, whilo TOM-for teas from the Badulla district 8r ? very bfiated.

KAURI GUM. |j%* arrivals for 16 days arc 362 tons. This Jo fi/°" ? ' m ex, ' OI what came forward jf too same period of last month, when 2| to »s were sent in. There is very little tvS 3 lori in the market to report. If anyhas .?>;*att«r» are a shade easier, but there Inn •- en no material alteration in values. /HUiries arc coming- forward, both from Krica and Europe, and it would take very m* extra, business to ensure a steady mar- : >as stocks held by brokers are moderate. ,£aie se, " is not so keenly sought after, ""J were is very little available, j^iuary: There are buyers of good reaped, and also of parcels not so well gotwrt'H 'i at a °° m P ar atively lower value. gma fhree-quartcrscraped superior ordinal : ? ovin g off fair, well, without any gS$ Change m va]i "- Mixed lots of su- **?• JBary are not so easi, disposed of, (*lit*i" lpP i Crs are willing to operate at a verv **Bfi K uctlon Medium ordinary and good Warf;i ■ i' Uts ™ mmar| d late rates and soil Briw r '-'-- u . t thcy require to be well sifted. Iter Wltll heart in it, is in demand. JM n ?' : "'. lot so much doing in poor white *^lKv' U there is very little of this com " *1! Coast: Stocks held hero are still iii-'j*"/,! *•*> ah d there is practically no busi»£ij.- < ? 1 . n 2- Shippers are- still looking for sguction in pr i cc . !iita»?^ : Good rescrape'd is salable. Bold *2?'" 8 H rad and well-cleaned, find ready **uin ' ??- d throe-quarter-scraped steel is tS™?' Mixed black can only be sold at "nSf Prirt! -- Medium black and hard blaok ijfeVr" from dust, meet with quick deIft-■ ■- vi Clean black sugar is moving off as >jg?f-?;.. 1^., 'P00r-black nuts > mixed with •■•'.' ? wm P. are accumulating, and do not J)L • *? e wanted at present. • ,i,'', :i: .'ale reseraped is in request. Bold *WS'S • .well-cleancd, is selling. Dark fee■■ •.."". Pickings can only bo placed at a I'M , niv - Hard Med bush, if of good coii *» wanted, Green lota aro not.

Chips and Dust: Bright chips and tit it, which are only arriving in small lots, rau bo easily sold. A fair demand exists for good ordinary chips, but the inquiry for diggers* ordinary chips is slack. Black riddling?, black seeds, and coarse black dust, if in dry condition, move off steadily.