COMMERCIAL.

New Zealand Herald, Volume XLVI, Issue 14148, 25 August 1909, Page 5

COMMERCIAL.

was shareinarket was much brisker yester--1 a considerable amount of business being ransack- l' l investment stocks Taupiri |ii 8s gold at 20s; Northern Steams (paid) tl2a; I*y^ and at 225; and •-KotrZealand Portland Cements (new issue) 1 39s 6d. In mining lines Waihis again hardened, selling at £9 12s 6cl and £9 13s, ;*• ith further buyers at £9 13s 6d, and sellers nt £ 9 14s. Talismans also showed improvement, selling at 577 6d and 57s 3d, as •osinat 57s the previous day, and there were farther buyers at 575, with sellers at 57s 3d. Wiihi Grand Junctions remained stationary, being dealt in at from 52s to 51s 9d to 52s to 51s 9d> with late buyers offering 51s 9d, and filers asking 525. Options were dealt in at "■mv-;- Waihi Consolidntads sold at 5s 5d and ifebd. Waihi Extendeds, on the other hand, /japped, .soiling at from 7.s Id to 6s 6d to ; fo 7d to 6s 6<l to 5s 7d to 6s sd. In Thames ■stocks; Waiotahis advanced, operations being ■ conducted at from Ss to 7s lid to 8« to 7s lid fc>& to 7s lid. May Queens experienced a sadden drop, and then rose again, sales being recorded at from 6s 2d to 5s 9d to 6s Id to 6s to 6s 3d. Other lines commanded the usual prices, with slight fluctuations in a few cases. -'A steady volume of business is being handled by the general distributing merchants, and country orders are now coming in more freely. 'I he* town trade may be quoted as normal. Forward buying is still occupying fairly general attention, so that ;'tho prevailing opinion would appear to be ■that the business done in the coming season will bo fully up to that experienced in previous years. The hardware and drapery » houses report good business. The arrival of thas-s- Wimmera from Sydney, the s.s. Victoria from Southern and East Coast ports, and the usual coastal steamers causes the wharves to present a busy outlook, and creates employment for williug hands. f|Jute Goods: Forty-eight-inch cornsacks jro unprocurable in the market, which is causing an increased demand for 44-inch, ; Tfhicfl are in moderate supply. : Fine&pples: Spot parcels are moving off gradually. Shipments to arrive aro costing 'jßghth/ higher rates. fip: Prices remain tho same as the opening quotations, and aro likely to rule at same rat© throughout the season. Sultanas are easier. Higher prices may Sower be expected within the next two or three weeks.

> Prunes arc quoted a trifle lower. Spot (locks are very short, of 60's-70's. /Cream of Tartar remains tho same; any novo will most likely be upward. Si«Whitelead: Prices liavo declined 10s per ton.

:f;Salmon: The run is reported by cable as sWag very much .'.mailer than former years, »nd is very disappointing; prices are therelore looked to rule at much higher rates. This year was looked upon as tho prolific jtar, which is reckoned to occur once every four years, so that prices will run high for the next two or three years, as the shortness will not admit of any" carry-over. #: Canned fruits are considered likely to wmmand much higher prices. Tho crop of I pears and apricots is reported as being short. Peppers, both white and black, are quoted at slightly higher rates. {jHides: Market remains firm. Fair supplies are coming to hand each week, and meet /with competition at late rates. Sheepskins: No change to report, but prices arc inclined to be easier. 1 Tallow: Market continues firm. ;v:Potatoes: Tho Victoria brought 616 sacks i 'from the South, which shipment is alto- [ gather too sms.ll for the' requirements of itho market, and in consequence merchants find it difficult to fill their orders. Tho jEanerdale and Wanaka, to load at Southern jports this week, are not due until the 30th. i:o*ing to the bad weather lately experienced it Canterbury, it is not expected that a ,heavy shipment will come up by Thursday's j steamer. The present price is £5 ss. Onions: The Victoria brought 49 gunnies and 102 bags from the South, and the Wimraera 521 cases from Sydney, which is the first shipment of Japanese this season. Unfortunately, this lot is turning out very un- [ Mtisfactorily, and any that are allowed to he - landed will require careful picking orer. It is anticipated that the loss will be ■fully 50 per cent. Now that there is likely [to bo trouble with tho Japanese onions jihere will be a good demand for Californians ★hen they come forward. Stocks of onions field hero at the present time are particularly low, and the prico has now risen to 10» for' prime Southerns, while 13s is .being -Ji&fid for picked over Japanese. u .'Vf 1 Oats: There >is very little change in tho market. The latest advices from the South show iuat things are about the same* there. Very little business'doing. Stocks here are medium, and the price is 2s 3d.. Chaff: There is still plenty of _ this on hand, both local and Southern, with very little changing hands. Prime local is worth r'£i ex store, and Southern £4 10s. .. k • ■ Fowl Wheat is still hard to procure. I Demand continues about the same, and price remains at 4s Bd. ; - .

Maize: The Aupouri brought 215 sacks Mtlj,tho Ngatiawa 378 sacks from the Coast. Owing to the excessive supplies coming up, merchants have found it necessary to reduce the price, as there is far more coming forward than is necessary to cope with the 'demand. Price ex store is now 3s 7d for prime samples. Bran: There is no alteration in this; a I fair amount of business is doing at £3 17a lii- : ' '

Pollard is selling at £4 15s. Stocks here are not heavy. Fungus: This is. not coming in very freely, Km the demand is fairly brisk at 5d for all aiT parcels. Flax: The deliveries for 23 days of August I ;M6 516 bales, equal to about 100 tons. The latest cabled advices from London are to itiw effect that business can be done for forward shipment at a slight advance, but ; tbe prices now asked are restricting business, ffere is no doubt that; there is a _ slightly better feeling, and some of the mills that been lying idle throughout last season Bay bo induced to start operations next month. Business can be done for forward shipment approximately at £21 10s for g.f.a.q., £19 10s for f.a.q., and £17 10s for common. | Tow: The arrivals for 23 days of August | *fe 306 bales, equal to about 35 tons. There is no material alteration in the price of this. The nominal quotation is still on an •Wage of £4- for export purposes. . "Ceylon Tea: The Colombo salo of the irm uli. totalled 1,725,0531b. Wo have very : 'little change to report, for all descriptions, i?rth the exception of light liquoring kinds, >*«*« in good demand, and last prices were t'W .realised. Hero and there a slight rise *&s noticeable, especially in choppy black leaf,' medium broken Pekoes, which contained Pwd < coloury liquors. Lighter sorts were IJ* in so much request, ■ except at a slight < il ne ' and ■where sellers would meet tho 'woe even these descriptions were disposed (,gu>te freely. There was alsoSgood competition for better class sorts. The demand L'Qr. these grades is still very strong, and tho SPP'y docs not seem qui equal to it. lc »8 from the Badulla district are still fine, ■ one invoice averaged Rs. 1 per lb. Wiality and selection remain about tho tame. : ■'<«\ KAURI GUM. Kauri Gum: Tho arrivals for 23 days of August were 529 tons, as against 469 tons °r tho same period of July, showing an Hcrcaso of 60. tons for this month, the market continues fairly steady, and of 1 H| leSS '' being done in most of the grades tthe different classes, without' any material th r ®tion in values. Stocks held here by th e bakers are of ft moderate compass, but .tfi onanoe of improvement in price seems to remote. . u>- j 8 Only small lots coming for*hght!y demand has slackened off Ordinary: Afty good lots of rescraped are alift'l? as they come forward. There are ti„ * b "y« rs of inferior lots at a comparator /"wcr price. Sorted three-quarter-virtl » BUer ' or ordinary is selling well not ft 8 " y cilan «° in du'e, but there is lota'nf Bam eagerness to purchase mixed ami su .P cnor ordinary. Medium ordinary w ,. g°od washed nuts sell fairly well, and Jon* 8 L. am with heart in it is wanted. Latin • swam P is not selling so well, jl&t no 18 very littio of this coming in thi»^'S ® u . vors are still holding off ..and, stocks here are rather heavy. inflni ,1 ? ric ? 8 have to be accepted to "Ri i business. to Qn j : cscrapcd is wanted. Bold lumps, «SdrW a, ? d well-cleaned,. are in request. diffWii ; hrce ' ( l uartcr ' scraod steel is not are i' llt mixed parcels of black iWi,? ~ salable at a very low price. *ith an hard black nuts, together WfiJ'P'N- sugar, continue in demand, irii'ii i i nx; ts mixed with white swamp E-ft „■■ ■!, nt! - s mixed with white rather r ge mßa ' a^cc^-s Lelcl hero are rather tad U «J*' '^' 10ro aro buyers of pale rescraped, T;.! • o°f a '« clean bush. Dark sorts and 8»». ** can OR *y Quitted at a low price. w *?. arc still operating on hard bled bush, ,*ul Hot touch any green lots. j, n "'P s „ an< l Dust: Bright chips and dust Slirti _,f u 'V well, also good ordinary ftj!2vS: r"® demand , for diggers' ordinary r ps and 'dust is not keen, but lines free l&§r B>Ut j can placed. Black riddlings, » 'rt-tfieeds,; and coarse black dust,, if in Wn <htinn, command a ready sale. j i