COMMERCIAL.

New Zealand Herald, Volume XLVII, Issue 14322, 18 March 1910, Page 3

COMMERCIAL.

The Stock \ Exchange "was closed yesterday, St. Patrick's Day. The •; general wholesale distributing trade cohtiuues dull,: but merchants anticipate an improvement towards the end of the month. Forward buying is slightly better, but there is room for,; considerable improvement. « - Canned Fruits: Good inquiry still exists. Local stocks are light. ' > ~. Pimento: Cables advise a fractional advance in price. , , , ; Cream of Tartar: Market firm. Good business is passing at ruling rates. -, - Seeded Raisins: .Price is unaltered. The market keeps firm. \ :'■' '':.-'' y '''■':" '■•'. Acids':.-! Citric and tartaric acids have advanced slightly, but present prices are still within reasonable limits. Tinplates are'firm at ruling rates. Linseed Oil Cables advise a firm market. Castor oil has again advanced, and is expected to rule still higher .before sailing of the March steamer. , ' Potatoes: The market is still bare of good quality potatoes, and in consequence the price is very firm at £7, but there is •; a quantity of inferior quality offering at a lower price. The Hauroto brought 139 sacks from the South. , Onions: Stocks are getting low. The principal source of Bupply is from Canterbury, and the quality of these is giving every satisfaction. It is estimated that the present price is about -as low as it will be for somo time to come. Merchants are asking £4 ss, ex store. » ] .-. .. „:.' : :;;' V';-'-'; 1 :-;'. Oats: This market is again bare. The whole of the shipment ex the Wanaka was delivered from ship's side to distributors. There is a great deal of difficulty in obtaining offers of good heavy B grade oats from Canterbury, which is hardening the market. Even light-samples are meeting with a ready sale. To-day's price is 2s 6d, ex store. Chaff: There is a scarcity of good chaff, and the price is very firm at £4 15s for local. The quotations for Southern chaff are too high at the prcsnt time to meet the views of merchants, consequently there is, very little of this being- sent up from the South. ' Fowl Wheat: Stocks are rather heavy; but the demand continues very good. Price is 3s9d to 3s lOd. , - - ' '.. Maize: The recent arrivals are 80 sacks ex Awanui, 170 sacks ex Coronations and. 103 sacks ex Ngatiawa. Supplies have been coming in rather .freely, and it has been rather difficult to make sales ex wharf at last week's price, but the ex store quotation ..still remains at 3s 3d. Should the arrivals during the next few weeks ease off there is every probability of tho market firming again. Bran: There are good supplies, with a fair demand. Price is now £4 2s 6d. ; . Pollard is worth £4 15s. Steady business doing. Stocks are sufficient to meet requirements. > '"'■' ' \ /C'\- ■'■•■''':,' - ' -;.-'■*"" Flour: The quotation for Auckland roller flour in sacks is £11 15s, and for Southern flour £10 5s f.0.b.. Southern ports. ' ; • Fungus: The quantity; coming forward is not at all heavy. Price remains firm at 5d for dry lots. Flax: Tho arrivals are keeping well up to the average. The market is still in a very dull state. London buyers do not seem to be operating at the present time, as it is difficult to get replies to offers. The nominal quotations may be put down as £28 for fine if procurable, £21 for g.f.a.q., £20 for f.a.q., and £18 for common. ,'< Tow: This is also coming in fairly .well,' and the price has . undergone no change. The average price ; remains at : about £4 10s to £5 for export purposes. Indian Tea: Rather over 10,000 packages were offered at the Calcutta tea' sales No. 32, and everything was disposed of in- the saleroom. An active and advancing market was recorded, and" tea i generally passed 'one to three pies "dearer, V all : low class j and .commonest kinds being keenly competed for at : a full quarter-anna advance. There will probably be one or two unimportant sales of a clearing up description: before the season closes down. The first sale of the hew season will be held as aoon ,as ■ a reasonable quantity is available, probably at end fof May. i -A KAURI GUM. : The arrivals for 17 days of March were 077 tons. This shows 1 an excess of 172 tons over the quantity that came to hand during the same period of last month. • There is verv little alteration in the position of the market. Buyers are still operating on, lines for which they havo orders. The amount of business doing is not extensive, the principal linos ■ that are moving off being : medium quality ordinary and •'] sound chalky gum. Most of the grades of black are! sell ing fairly well, and all black chips and dust are also easily disposed of. Good ordinary dust is still in request. Outside of these lines there is very little business being done. ■ ':<,-

: v Pale Select: i Stocks ;as usual : are small, but the inquiry is dull. ; ■ .>

Ordinary: < A few transactions have taken place in good lines of rescraped. ; Inferior parcels of this grade are unsalable. Sorted superior / three-quarter-scraped , ordinary is hanging fire, and lower prices will have to be accepted to induce, business. Unsorfced parcels of superior ordinary I are difficult •to sell at old rates. There are buyers of medium ordinary and ;of good, clean nuts '' free from chips and' dust. '..Coated nuts , are not.so easily quitted. Chalk with heart in it and well-cleaned is meeting.with good despatch; but the lower grades of'chalk are not so easily quitted. Poor white swamp, ;if in dry condition, sells readily.

' East Coast: Stocks have been reduced to, a good extent, but buyers are not operating at the present time. /

Black: Good rescraped is selling, and bold lumps, sound and well-cleaned, are moving off. A fair amount of business :is being done in sorted thrce-quarter-scraned steel. Medium blacks are also selling, but the inquiry is not quite so keen. Hard black nuts are moving off freely. There is not much doing in poor black nuts, mixed with white swampy nuts. -

Bush: The small quantity of rescraped bush reaching here is easily sold if it is of good colour and free from bled. There is a little business doing in clean; bush, but this requires to be of good colour and boldish, also free from bled. Dark sorts and pickings are not asked for. There is absolutely no business doing in bled bush. . Chips and ; -.Bright chips and dust are not very salable. There is very little demand for good ordinary chips, or for diggers', ordinary chips, but ordinary dust, if coarse and of good colour, .is readily sold. Black middlings, black seeds, and coarse black dust meet with quick sales if in dry condition. \ ■ • ','"," / PROPERTY SALES.; ' Messrs. T. Mandeno Jackson hold an auction of properties at' their rooms, Customstreet East, at 11 o'clock to-day, comprising 80 acres land on the Pukekohe Hill, with residence of seven rooms and outbuildings in tho estate of the late John Fausett; also, a. farm .of • 296 acres' and ( ? six-roomed dwelling at Helensville, , and a farm of 30 acres and - residence of six rooms at Papakura; also, a "cottage -of five rooms, standing "on i-acre section, three, minutes from U the Papakura; railway station. An : ideal villa of six rooms and section, 50ft by 120 ft, Belle Vuo Road, Mount Eden, and the goodwill of lease of premises, now: occupied ■ by Messrs. .Gibbons .and Harris,; engineers, Cus-tom-street > East, with iron building erected thereon, will bo submitted at the same time. A 10-roomcd house in ; Lower Hepburnstreet, will; be sold for removal. /;/■.»' -;•;' -\ :

;■ Messrs.. Samuel. Vaile and Sons will sell by auction, " to-day, ' the balance of the Hainora Estate, 3 Morningside, comprising some 23 lots and the large residence, built, by the late Mr. Motion, flourmiller. The first few lots will be sold without reserve. At the same .time -two; villas -l.at Victoria .Avenue and the Avenue, Mount Eden; and a cottage at ' Franklin ' Road 1 will '. ha offered. '.. -

MESSRS. ALFRED ? BUOKLAND AND SONS' REPORT.

At the Haymarket 'on- Friday last horses came forward .in full numbers. Aged v draughts ' sold at £18 to £27 10s; lorry and express class, £24 5a to £32 15s; bakers' and grocers cart class, £17 to £21; buggy horses and backs, £12 10s to £19 ss; light harness, and: ordinary riding sorts, £5 6s to £15;. gig ponies and weeds, all prices.' ;': r. At Clevedon >on r; Saturday : we had an . average yarding of cattle and sheep. ' Empty cows realised from £2 5s to,; £3; Jls to 18 months heifers, £2 to £3155; two-year-old steers, £3 6s; calves, 10s to £1 >ss; fat sheep, 13s 6d ; store lambs, ,5s to 7s 6d; weaner .pigs, 6s 9d to 8s 9d; bay pony, £8 10s.. .J ::-;,".■;,. ■~-,'.- :'J\i-> ''- '.?*> .-., : .

■' There was a largeV muster of stock at Pokeno on Monday than for many -months, all classes meeting with fair competition.. Fresh two and ahalf to three-year steers sold at from £4 7s to £4 18s; two-year-olds, £3 5s to £3 13s; yearlings to 18 months,",£2;4s-.to £2 15s; mixed'yearlings, to £2 as; fat cows, and heifers, £4 to £5 17a 6d; steers, £7; springers, £4 10s to £6 10s; backward sorts; £3 10s to £4 10s; ■ well-grown calves, £1 ,5s to £1 10s; smaller, to 18s; slips, lis. : ,'. *

The Eunciman Yards were completely filled on Wednesday with cattle. " There was a? large attendance of buyers and a good sale resulted.'- A keen inquiry existed for young cattle, which sold at improved prices. , Other kinds were at late quotations." Dairy cows and heifers brought from £4 to £7 ss;.empty young cows,' £2 5s to £3 5s largo-framed store cows, £2 to £2 17s; fat and forward. cows and heifers. £4 4s to £6; three to three and a-half year old steers' in forward condition. £5 5s to £6 (a line of 104 sold at £5 3s"); two to -three-year-olds, £3 10s. to £4 15s; 18month steers, '£2 ■ 13b 'to £3; strong calves to yearlings, £1 15s to £2 8s: other calves, £1 5s to £1 13s; small, ■: 12s ?to 17s. -•

At our Westfield '■ fat, stock sale on Wednesday we had a records yarding of fat• cattle;; and an average market of veal, mutton, lamb, and pork. Fat cattle numbered 570 head and all of excellent quality. Competition was steady throughout, ox beef selling from £1 to £1 Is and:cow and heifer 178 to 19a per lOOlb., Steers ranged in price from £5 7s 6d to. £11 15s; cows, £3 10s to £6 17s 6d. A draft of 45 prime bullocks from Mr. A. Steele, of Opotikl, averaged £10 16s 2d. - Mutton eased a shade. Best heavv wethers brought from 16s 6d, to 18s, medium 13s"6d to 15s 3d, light lis 6d to 13s; weighty ewes to 13s ,i 6d, ' others 9s to 12s 6d; 1623 sold. Lambs were also easier. Wellfatted, woollv, brought from 12s to 14s 3d, others 9s to lis ; shorn ' 10s to lis 3d, - lighter weights 7s to 9s; 650 sold. The,recent rise in pork wasmaintained. Baconers brought ..-, to £2 18s; porkers, £1 7s 6d to £1 15s ; slips, lis 3d to 14s 6d; weaners, 6s to 9s 6d; 71 sold. ''.'■:>■ At Westfield 'on Thursday few cattle were penned. -Dairy cows sold at from £4 10s to £7; store cows, £2 to £2 13s; calves, £1 to £1 13s; small pigs, 4s to 6s 6d. ,: .--,-. ... Hides; Ox, 6d to 7gd ; cow, 6Jd to 6|d; calf, 6id to BJd; kips, 6d. : : Tallow, to 26s 9d. Skins: Best butchers' lambs and pelts, 3s to 33 Bd, others 2s 6d to 2s 9d; dry and country, 6d-to.2s 3d. •■■■:■■- :,■■.-.-. ■;■;'*-■■■ ■■ ■-■ ■■:.--s MESSRS. G. W. BINNEY AND SONS*;. , REPORT. -. / On Tuesday wo again submitted extra large catalogues of hides, skins, tallow, etc. • Hides: Ox, stout, 7£d to 8d; medium, 6Jd to 7id ; light, 6Jd to 6Jd; cows', best lines, 68d to 63d; good, 6id to 6Jd; seconds, 5Ad to 6d; stags', 3Jd to4Jld; kips, s|d to 6d; 'calfskins, best, Bid to 9d; good, 6d to 7d ; seconds, 5d to 54d; cut and damaged hides, 3d to 3id per lb. K Sheepskins: Market continues very firm. Butchers', extra large, to 9s; large, 6s to 7s 6d; medium, 5s to 5s 9d; small, 3a to 4s 6d; drv skins, :large, to 5b ; medium, 3s to. 4s 3d; small, 2s to 2b 9d: damaged, to Is; lambskins, best, to 3s 6d; good, Is 9d to. 2s 9d; pelts, best, 3s; good, Is 6d to 2s 3d; damaged, 6d to Is 3d each. Tallow: Market remains the same. Best mixed, to .263; good, 22s 6d to 24s 6d ; medium, 20s to . 225; inferior, 15s to 18s per cwt. Rough fat, lid to lgd per lb. Cowtalls, Is 8d per dozen. - ', Bones, £4 17s 6d per ton. ;■ ;.:■:• OHAUPO SALE. The New Zealand Loan ' and: Mercantile Agency Company, Limited, report:—At Ohaupo we yarded 580 head of cattle and 800 sheep. : There was a fair demand, for cattle and all the sheep sold well. Four-tpoth wethers - made 13s 2d two and four-tooth wethers,-lis 3d to lis 9d ; four-tooth to full-mouth ewes in low condition, 7s 3d to 8s lOd; two and a-half *to three-year-old steers, £4 8s to £4 18s 6d; two to ; two '■:•' and ; a-half year steers, £3 12s to £3 15s; 18-month steers. £2 15s to £3 ss; well-grown calves, steers, £1 lis to £1 14s; smaller sorts, 17s 6d to < 21s; " fat . cows, £4 10s to £5; dairy cows, up to £6 ss; heifers, in calf, £4 ss. 1 ' ; ' ' DUNEDIN; STOCK EXCHANGE. -~'',-,' [BY TELEGRAPH.—PRESS ASSOCIATION.] •'?..';-■'.. ._•:.•...'.-.■;•' ; DtfNEDiK, Thursday. A sale of Old Haurakis at 33 9d ; took ' place on the-Stock Exchange to-day. , " ".. MELBOURNE HIDE SALES. '.' By Telegraph.— Association.— Copyright. :'■ (Received March 17, 11.45 p.m.) . , :'...-,.' Melbourne, March 17. At the, hide sales; to-day heavy lots - were unchanged and light sorts were from an eighth, of a penny to, a farthing flower., '~ . : AUSTRALIAN PRODUCE MARKETS." By Telegraph.—rress Association.— Copyright. " (Received March 17, 11.45 p.m.) - -"";'■'■' ' .;•-.- Sydnet, March 17/ !■'■ Wheat, 4s Id. Flour, £10 ss. Oats: Tasmanianp Algerian feeding 2s 2d. milling 2s 3d, white -2s 7d. Barlev: Cape feeding, 3s. .Maine, 3s 2d. Bran and pollard, £4 10b. Potatoes: Tasmanian, £5. Onions: Victorian, £4 10s. Butter, * 98s to 100s. Cheese, 1 sd.' Bacon, BJd. " , , ,; : Melbourne, March Vt.%Wheat, 4s Id. Flour, £10. Oats: Algerian feed ing 2s, milling 2s 2d. Barley: Cape malting, 2s 8d; English malting, 4s 4d. : Maize, 2s lOd. Bran and pollard, £4 15s. Potatoes, £3 5s to £4. Onions, £3 7s 6d to £3 10s. • ~ Adelaide, March 17. p Wheat, 4s Id. Flour, £8 15s. Oats: Algerian feeding, Is 9d to Is lOd. Barley: • Malting, 3s lOd. Bran, 12id. - Pollard, Is lid. LONDON. • By Telegraph.— Association.— ; London, -March 16. TALLOW. * / ' At the tallow sales 938 casks were offered and 793 sold. Mutton: Fine, 37s 6d ; medium, 34s 6d. Beef: Fine, 375; medium, 345. ) j - , .• , WOOL. , .'- ' \ The wool sale to-day was animated, with splendid competition. Merinos are hardening. : ;-," ; '.-'•':': (Received March 17, 11.30 p.m.) " : 'C'l~ '...,' . . ' London, March 17.— - , ,-• ;,' '/. METALS. • ; * ; < Copper: On spot, £58 17s 6d; at three months, £59 17b 6d. ■ " i: ' -• -' ;' - • Tin: ' On" spot, £143 12s 6d; :at three months, £145 12s 6d. ' • ,/ ' , - * \* WOOL. ' . At the wool sales to-day" the Walkohu 'clip averaged 10|d, the highest price being lljd.