COMMERCIAL

New Zealand Herald, Volume XLVIII, Issue 14581, 18 January 1911, Page 5

COMMERCIAL

jur, amount- of "business -eras transacted on th© Auckland Stock Exchange yesterday, In mining lines Waihis fluctuated a little, polling at from £4 15s to £4- 14s to £4 16s to •T4 15s 6d. Late buyers offered £4- 15s 3d, •while sellers demanded £4 15s 9cL Waihi Extcndcds were bought at, Zs 4d. Waihi Grand Junctions were transferred at 303 9d, qnd moro wore sought after at. the same price, but further sellers required 31s. Talismans were quoted, with buyers at 50s 6d, sellers at 51s 6d- In investment stocks New Zealand Insurances were disposed of at 89:5, leaving further buyers at SBs 6d, sellers at 90s. South British Insurances changed hands it 665, after which buyers quoted 655, sellers Kxs 3d. Northern Coals (103 paid) sold at Ss 7d; Taupiri Coal Minos at 21s; aud Kauri Timbers (con.) at 15s 9d.

Reports received from various sources all indicate that business generally is characterised by a satisfactory briskness which it is felt will be sustained. Tho wholesale merous factories are faced with a volume of

orders from tho country and suburbs, and the demand for seasonable lines has been such that stocks in a number of commodities have been reduced to almost vanishing point.

Tho soft, goods warehouses are ail busily engaged stock-taking preparatory to arrival of large shipments of new goods. Tho various factories are faced with a volume of work which will keep all hands fully occupied for some months to come, and in metro than one establishment additional hands would bo put on if same were procurable.

Overseas vessels continue to discharge heavy cargoes at this port, and with equally largo shipments of produce being exported to good markets tho economic position can be said to bo sound.

• Potatoes: 'Supplies continue to como to hand very freely, and the .market is well stocked. The quality is still very satisfact tory. Much less blight than was expected has been noticed right through the season. The price is £4 10s to £0, according to 1 . sample. Onions: Importations liavo about ceased, ' as the local stock is now ready for use, and is ample for local requirements for some time /to come. The Melbourne market is very • low, and will-prevent any rise in this market. f• The price is from £5 to £6. Oats: There is an easy market, and business is only of a hand-to-mouth character. Stocks are ample for requirements. Tho price is 2s 9d. Chaff: Local is now offering, and is pretty woll dry enough for use. The demand is i: very good. Blenheim chaff is also being offered 'freely. Melbourne compressed chaff i is selling well, but stocks are getting low. .Tho quotations are:—Melbourne, £5 10s; local, £5 10b. and Southern, £6. Fowl Wheat: The market has not fallen so low as was expected. Offerings from the South are rather lighter. Bare stocks are ' held horc. The price is 3s lid. ■ Maize: Tho Ngatiawa brought 339 sacks, Aupouri 86 sacks, and tho Tasman 377 sacks, l from the coast to a market that was already fairly supplied, and sales aro now in 1 consequence rather more difficult to effect. ' Tho nominal quotation, ex store, is 2s 9d. .!' Bran is worth £5 10s with a better demand

and moderate stocks. i: Pollard is almost impossible to procure, and tho market is absolutely bare. This is : selling at s £6 17s 6d. Flour: .Quotations remain at £9' 10s for v Southern flour, f.o.b. Southern ports, and £11 53 for Northern Roller flour.

,■ Fungus: There is still a disinclination on the part of exporters to operate. Dry lots are realising about 4|d. Flax; The arrivals for 16 days of January aro 704 bales, equal to 150 tons. The London market has once again assumed an extremely dull-aspect, and buyers aro difficult, to find. Local quotations are nominally. £16 ' 5s for g.f.a.q., £15 15s for f.a.q., £14 lor . common, and £28 for fine, if procurable. Tow: Tho arrivals for 16 days of January are 400 bales, equal to 41 tons. This is reaJ lising an average of £6 for export purposes. Ceylon Tea: The total quantity offered at ■' the Colombo sale of the 21st ult., amounted to 1,968,2461b.' Tho.selection was very useful, but quality showed no signs of improve^- • meat. Tho firm tone of the last few weeks • was.again noticeable, and bidding throughv out the sale was exceedingly brisk. < Common leaf teas wero very firm at 40 cents, while few Brokeus sold below 41 cents, the black [7"; leaf descriptions; often , realising up _ to 43 , cents. Medium of- all grades was firm to : ! dearer, leaf, teas soiling at 42 cents , up, '' Brokens at 45 cents, while tho 8.0.P.'s were in strong competition at 48 cents. ' The higher grown,invoices commanded attention, and although in some _instances irregular, maintained very full prices," the Pekoes sold at 48 to 32 cents; Brokens at 48' to 55 cents, • and the 8.0.P.'s up to 70 cents. Dusts and ; Fa filings sold at ridiculously high prices. KAURI GUM. ■ •The arrivals., for 16 days of January aro ~ 239 tons," which show a falling off of 50 tons in comparison with tho same period of last month, when 289 tons arrived on this market. Supplies from mail to mail, viz., December 21, 1910, to January 18, 1911, 469 . tons. . * _ . ." - . exports. •' Am'r'a. Eu'o'e. To'al. ]>» * _ 1 -a~ ' Tons. Tons. Tons. Per e.3. Maheno. for Sydney, December 19 ... — 65 65 "Per b.s. Navua, for Vancouver, December 21... 3 — .3 Per s.s. Wimmera, for SydV- ney, December 26 • ... — 14 14 Per s.s. Turkistan, for London, January 11 ... 55 65 IZI Per s.s. Pakeha, for Lonf4' don, January 21 ... 79 64 143 ' Per s.s. Maitai. for 'Frisco, January 14 4 — 4 .Exports to America and Europe, since Dec. 21 142 203 350 V Exports to America and : Europe for December 261 471 /52 Production ... ... •• — — 602 * STATISTICS. Exports. : Production. •r Jan. 1 to Dec. 31 Jan. 1 to Dec. 31.

Year. America. Europe. Total • Tons. Tons. Tons. Tons. 1910 .. 3839 4150 7959 8079 1909 .. .. 5295 3364 8659 8130 1908 .. , .. 2991 2601 5592 '6109

Business throughout tho week has been slightly more active, and buyers have been operating moro generally, and have not confined ; their transactions to any particular grade, but the sales of superior qualities have been of a limited character. Tho lower grades of ordinary and most of the grades of black, have been disposed of on arrival.

Pale Select: Stocks aro small with very little inquiry.

Ordinary: Well got-up lines of re-scraped have sold, and a few sales have taken place of inferior parcel at a corresponding lower cost. Sorted superior three-quarter scraped ordinary has been changing hands in small quantities at about the same price as was being obtained in tho latter end of last year. Unsorted parcels of superior ordinary are ' riot very much in favour. Medium ordinary and well-cleaned washed nuts properly sifted can be placed, with a little business doing in coated nuts, which require to be sifted. Good swamp-with heart in it, medium ; swamp, and poor whito swamp continue • to soil as they come forward, but buyers require them to be absolutely dry.

East Coast: Fair sales have taken place and stocks hero are now very light.

Black Good rescraped is salable, bold lumps sound and well-cleaned are asked for. More business has taken place in sorted three-quarter scraped steel, but there is no business doing in unsortod blacks. Medium black and hard black nuts, well sifted, aro easily quitted, with a littlo business doing in poor black nuts mixed with white swampy nuts, hut buyers will only touch dry lots.

Bush: There is not much doing in rescraped bush or cleaned bush. Dark sorts and pickings are selling slowly. A littlo better inquiry exists for bled bush, but the buyers want it boldish and free from soft pieces and chips and dust. The better it is Sorted tho more easily sold. Soft lots are neglected.

Chips and Dust: There is very little doing . in bright chips and dust, but there aro buyers of good ordinary chips, triggers' ordinary chips sifted, diggers' ordinary chips and dust, and ordinary dust of good colour and freo from earth. Black riddliugs, black seeds, and coarse black dust command a . ready salo if in dry condition. - CHRISTCHURCH GRAIN MARKET. ' [Elf TELEGRAPH. —PRESS ASSOCIATION.] *■ - - ' HiSTCuiniCH, Tuesday. V v '. " There ha? not; been much business (loin? in l 'ie jjrain market during the last few days, as ■ farmers are taking advantage of the fine weather to push on harvesting operations. Practically no . ■ " D«w wheat is yet bcinjr offered, and only a few '> 4 lines of oats are owning forward. Sales of tho J'r'r '*\ latter - have been made up to 2s at country Station's. ' - Prime malting liarlev changes handß at quotations, but only the best quality is being taken ' ■ . at prcoen in view of tho new crop being harvested. Oatah.cnf chaff has cased off in price, and sales of bright have becca made at 75s at country Stations. >V . . - .■ ■ - ' - ■