COMMERCIAL.

New Zealand Herald, Volume XLVIII, Issue 14690, 26 May 1911, Page 5

COMMERCIAL.

- ,W Stock Exchange reopened yes,AUCr S swl f ° r to*. "IS n « ot In mining lines Waih* V**? *" l cs beinß made «l from declined » 9d to 63*. wit-h further buyers at «« *° 623 ? Jllers at 63, 6d. Waihi Grand •* "IoW rt from 26.9 c! to 27s 3d. ,; ***""I wanted at 275. with sellers nt 2i. * were ins (old) Urc on offer at'sls, S 3d. In investment stocks (ord.) changed hands at '^f 3 d and Taranaki Petroleums (pud) at

188, > , • i „A=e has characterised the con- '*' So during the last few days. . diton ol troy" ~ c j aBMS of merchandise ? b e ctomanc I «intirfnU and both who c- ■ 4? Q Jai sbli-,l»m«M.tshavo been fully wid rotai tion of orders occupied in wo j Wo in f orn i a t.ion to hand '' 9". . Jsnura. hardening of price in . indicates a turn cr t]ic pf ' for narrX.o arrive arc such that qaotoJJMrbarcly tx. laid down at the *" lines c°* noted i"V local sales. tuhnffi ™]°. l «". ,'■ by cable- announces a ' «" arked tKt flight further adSago and «pi k • writ . ; r fhcrc is no . Saint? thatMo io,» price fc.rthi. line I». . t been '»«*£'•,. ~„. Rangoon brand is in ' Cfandlos- I*"»MLlshii shipments will ' Ihort supply, *nd ,> u continue in good hwlft. ™ remain mmlterou. *°J?-«nA- The Shell Company have now K T heir P rice for tho shipment now ■-. iW mcd hand.'and some little attention has C Kd> boon given lo tho Hue. ■'■ Blr if S: Several manufacturers anteh '•'reaM prico for this article, I ■ wnnoe ,lf { "X verv high cost of resin oil " TSSSt Probably this rise will shortly .■'& cencral, and maintained. ■ rL Quotations reman, unchanged; but ' thf tendency is for higher rates to rule. • : rCrl husincss in the lino is^reported. ' G p?tatS The I'ukaki and Tarawcra. have Uiv-a from tho South. with very small ship- '• ""r Tho Wairuna is clue at tho end oi So week, and will have a fair cargo. These Si? reach a very good market, as the Kind lately has been fairly strong, and SSeb have run down rather low. The i SSern market is about the same. To- ' da fionsT Stocks aro small. Supplies are L 'still good .from Canterbury and Victoria. T 0»S" The market in tho South is firmer, and it' is now quite evident that higher I ' «*7»fl will rule for a few months. Stocks •f n Auckland arc low. The Pukaki and Wairi.na bring good shipments, but a considerI able portion of tho oats by these steamers • has been sold to bo delivered direct from tho wharf. The price is 3s, ex ■tore. Chaff: There is very little change to ronort Shipments from the South are rather moro plentiful. There arc no fresh arrivals N-:"■ from Australia. Tho Ikumata is loading in Melbourne and Adelaide, and brings chaff and Algerian oats. The price for local is £6 ss, Melbourne £6, and Southern £6 15s. Fowhvhcat: "There is a very good demand and strong market in tho South. Supples ' 'are very light. The price is *a Id. ' 'Maae: No fresh arrivals have come forV ' ward from the Coast since wo last reported. Tho market is fairly well supplied. The price is" 33, ex store. , ...■■■■• Bran There is a very good demand, with small stocks selling at £5 15s. . ._ Pollard: Merchants are finding it difficult ■ in filling their orders, owing to the scarcity. < The price is £7,, and the demand is greater ; ""■; than the, supply. ' . ' *■ _ Flour: Northern roller flour is worth £11, and Southern flour £9 15s locally. Fungus: There is still very little coming . into the market. Ths nominal quotation is ♦id for dry lots. Flax Owing to tho small quantity that is coming forward just now there is practically .no market. The nominal quotations continue as last reported, namely,'£l6 10s for U.f.a.q., £16 for f.a.q., aid £14- for common. The latest cables from London intimate that there is no change at all, and the market is still very quiet. _ ■ Tow: A good demand for local use exists, but the quantity coming forward is barely .' sufficient to keep this going. Tea: Common leaf grades according to tho latest reports from London havo further 1 slightly declined, and a keen struggle is going on between buyers and importers as to ■ the future course of prices. Many of the AvV larger buyers, referred to at the sales as tho . '"combine-," are in a large measure standing out of tho market, in order to get tho price ■of common tea down. So far their efforts ' have been partially successful, as rates during j the past fortnight are fully id per lb. cheaper, -•'and - in" some .'instances .where quality has I i undergone deterioration prices aro about id : per lb lower. Besides the falling off in the demand for common sorts, the largo quantities of red and stalky teas from India—as is ■customary towards the end, of the seasonhelp to keep up tho price of the common torts. Fair black common,, leaf a fortnight .: ago stood at 8d to B£d, but this week Told in : some quantity at 7£d to Bd, while inferior lots at 7£d wero more numerous than of lite. *

- • KAURI GUM. The arrivals for 25 clays of May are 592 tons. This shows a falling off of 114 tons, : in comparison -with the 'same period of last ■ _ Month, when 706 tons reached here. The state of the market at present is still very quiet, and competition amongst the buyers is of a most limited character. Most of the , sales that arc being effected are in lowgrade ordinary, and nearly all grades of chip 3 ami dust, with an occasional salo of superior '-. ordinary. ■■ . _ Pale Select: There is very little inquiry. Stocks are still small. :■.'■ "Ordinary: Only the very best rescraped can be placed. Any inferior lots are passed over, showing the advisability for , _ country storekeepers to see that their gum is properly rescraped, instead of, being scratched. Sorted superior three-quarter ordinary is not moving off freely, and unsorteel parcels are extremely difficult to dispose of. '■'X* few sales have been effected in medium ordinary and extra well-cleaned washed nuts. There are buyers of coated washed mite at a .;:' low quotation. Tho demand for good swamp with heart in it, -and medium swamp, has ...eased off, but sales of poor white swamp can still bo effected. \::r- East Coast: Stocks aro on tho light side. . A little business can bo done. >v Black: There are still buvers of thor- - .TO 1 / rescraped black and * bold lumps, found and well cleaned, but as the demand "■["..not active, it is necessary that this class ..,ot gum shall bo well cleaned and free from ; streaky pieces. Sorted three-quarter-seraped ..-;• steel is moving off slowly, unsorted parcels . '? ro Passed over. Medium black and good ; nard black nuts are not quite so strong. loor black nuts . mixed with white swampy '■•!: nuts are still held, in considerable quanti-

lv,n 13 Business is practically confined to t»W bled bush, well sorted, of good colour, i and free from soft pieces. Chips and Dust: The demand continues lorall grades, consisting of bright chips and oust, good ordinary chips, diggers' ordinary "Ups■(sifted), diggers' ordinary chips and oust, ordinary dust of good colour and free ™ m « a ,,th, black riddlings, olack seeds, and Wane black dust, if in dry condition. Particular attention should bo paid to keeping mud out of the black riddlings.

;,; • PROPERTY SALES. Ablock of two ~ri(' k shops in Symonds-strcet, SJi.? penny 8 « rtil1 ". Khvhcr Pass; a section in "'Wstone-street, with u stable erected thereon: Clrin res !; , ," p '" Monte ! " Oram! Road, Mount .•Will,_wili ''*' gold ? auction to-day hv Mewr*. room*, i Lllrr l "" 1 So » !lt 12 o'clock," at their XhSkl' 8 . w anwn-atreet, !»v order of the Public So in the estate of the lute Mrs. A. *■'•

MESSRS. G. W. binxey and SONS'

REPORT.

lon?* JZ fe we olttwl aml '''eared large '" ain - R,,. °' hides, fkiri.», mid tallow. lom,i? W l 0 6 W. »nedhi:a 6fld to 6Jd. light b< t d .tor?,?, r V-' 5 i ,1: B,ass '- 4 >< l i " r,,|; ki i"*. s^ toft ' •"fi'if, s|cl to 6:1; ealfukins, best 7Ad *>m 2»5 o |,M M 1° "'• IIU ' : ". r> '' ,0 5 -'': rut and 7 k "N hides. y.<\ to 41.1 i.< i lb i;2 in: , Markf "' V( ' ,v '"- '"'dehero* tent J- Zd-Z™: 1 3 " ™ 3« B''. B«od 2* ftd to to^i,,°? lmtr y. >*'*»■ 3- to 3.« 3,1, rewind* Is 3d «i M iV 00U i' v dry »kins, tirjre to 7s 6.1, good .' ,2s 3, t ™ , sil M. medium I* 3d to 3» lid. .mall ' Tall I(J| ' Pl "' il ' r «Mk« 97! iu a fJL firm - li '-' mixed, in shipment 'P* 6d dox 'i 0 f "' ; P'"* l - 24 » «• = medium, -;" on «»-- Good dry,' £4.15, to £417. M )K>r ton.

STOCK EXCHANGE. t ~ t« ?isi,EGiuru,_pness association-.J % Th, , „ , Wellington-, Thurndar. wa " '™n««*ecl on'the W: Wahi o U -, t ''^' lia!ll;i ' to-day 10 a.m. **»: Chi' S3 \* *' ("" 'Uiangp). At noon ««U M,J "%•_ £i s6' 1 (T|K,rte ( l). At 3.15 p.m. %m!J"ci n - I \ 6 'l ">" VhaLKc); .Ww Sylvia, ;;VS?, CIrt; Saxon, a. 1,1 ton 'Change) nl - « 3s 6,1. iJi a 9 3( | (reported).

■ DUNEDJX STOCK EXCHANGE. :,, IB* TKLEr.Furn.--micas ASSOCIATION.] ' .Tho fnii ■ Du.fKDlJr, Thursday s ?| «*>k Pl«« 'o-'lay on 'the I* 1 ?' «PorfoifV'M ha "K«:- W,,il,i ' £3 4 » 3d--1 VM' tvi" el: a °ldfti «ed, lis 6,1: Waihi £3 M X.; Wctport Ooatsiea iJlillsSai'' 1 :"' , .' : '