COMMERCIAL.

New Zealand Herald, Volume XLVIII, Issue 14751, 5 August 1911, Page 5

COMMERCIAL.

FRUIT AND PRODUCE MARKET. BUSINESS FAIRLY BRISK. A Business has again been fairly brisk in ! the fruit and produce market ■ during . tho ■'[ week. Potatoes have advanced slightly r:/ ; ia value owiag to the temporary shortness ■"''■' of supplies, partly on account of tho nonarrival of the Hauroto from the South, v:' • duo to an accident sustained at Napier. The WaitemaU, "with large supplies of I " both table and seed, is duo early next week, and moderate lines have com© to • '* hand by the Tarawera. The market is '$ "■'■■-■ firmer than last woek, with light stocks . on hand. Supplies of onions arc low, and ? prices are advancing. The condition of i- •Victorian grown is only fair. Locals are '"• r ' almost finished, and prime samples are fi selling equal to imported. Factory butter ii, «still commands extreme values, with a P "very big shortage of stocks in cool stores "through the Dominion, as compared &r • with the same period last season. V\ Farmers' linos are readily cleared at quo--0 '" tations, and supplies hard to obtain. n ' Fresh eggs are increasing in quantities, '3F: with a good demand for all parcels for■sli ' ward. There was only a moderate supply $ of poultry to hand on Friday, and con- % Irary to expectations the market was dull. Pumpkins, root crops, and green p. vegetables are in excellent demand, with K- satisfactory prices to growers. Fairly cf large shipments of imported fruit have I ■ "been handled during the week, with a f • ■ .ood demand for all prime, sound-condi-|l ■ tioned lots. A considerable proportion of Sydney and Hobart still continue to ar- \•■■'• rive in most unsatisfactory ordor. The Talune, from the Islands, unloaded 17,000 - . cases, mostly oranges. The demand at & time of arrival was poor, but prices have £-%■; since improved. Bananas were neglected. : Local apples are selling at extreme rates, iJ especially all cooking varieties. .; Field "Produce.— : Prime Canj;. '>•■' terbury, £5 5s to £5 10s; others, £5 per ton. Onions: Local, 6s to 7s per cwt; tr -■ imported, £7 per ton. Pumpkins, la 6d ■to 8s per cwU- Kumeras, 7s to 7s 6d per *'"'" ■ . cwt'. ■ , , . £V Dairy Produce.—Butter : farmers , in $ ' prints, Is 2d per lb. Eggs, fresh, Is lid to la 2d per dozen. r Fruit.—Apples : Local, coloured, extra f , superior 10s 6d to Us 6d case, choice Bs 6d to 10s, good 7s to 8s 6d, smalll and 1 v . eecond-grado 6s 6d to 7s ; Hobart, S.T.P., #7 choice lOs, good 8s 6d to 9s 6d; S.P.M., .T • choice , 10a to . lis, good 9s to 9s 6d; F. 0., I. ■ 8s 6d to 9s; Canterbury Low Wolseleys Bs, Jones's Seedlings 8s 361b case. Pears j , ' Dessert, Hobart, choice 10s, good 8s 6d to 9s. Grapes : Hothouse, 2s 6d per lb. Tomatoes: Hothouse, lOd to Is per lb. ■■■:■"' Oranges : Local, Poorman, 3s 6d to 4s-6d; &VV- Islsind, ex ship 4s 6d to ss, repacked 6s $*P< • to 6s 6d; Sydney, 4s 6d :to ss. Mandarins : Sydney, choice 9s gin, good 7s to Bs, packers 4s to ss. Lomous : Local, prime 5s to 7s case, rough and coarse <Js 6d to 3s 6d; Sydney, 6s to 6a 6d Pas- &: ion fruit: Sydney, j7s to 7s .6d gin ; x.'. ". half-gins, 4s. Walnuts, 6d per lb. PeaX" nuts, 24d per lb. Bananas, lid to l|d "' per lb; Pines : Sydney, 6s to 6s 6d per Poultry.— 2s 6d to 3s 9d each. Table roosters : 'Extra heavy, 3s 3d to *;\ ' 4s each good,; 2s 6d to 3a; light, Is 6d !•'.?', to 2a. Ducks,. 2s 3d to 2s 9d each. TurV- key gobblers, up to Ss each. Turkey e hens, 4s to 5s each. Young pigs, 7s to, j. ' .■" lis each. ~.-•••.' ' '7 /- THE LONDON MARKETS. By Telegraph.—Press Association.— . -- . (Received August 4. 8.20 p.m.) fe-. .'.— .-.. ■•■■■■ ■'''•"■••. *^'-'- London, Juno.4.;,;;■;■ BANK OF ENGLAND RETURNS. s ' Following are the Bank of England re- ' turns for the -week -.—Coin, £38,991,000; •?. ' '. reserve, £28,376,000; - proportion of re- ' Hervo to liabilities, 54.52 per cent. ; notes MS • in circulation. £30,234,000; public deV- ' posits, £7,971,000; other deposits, £44,060,000 Government securities, £14,967,000; other securities, £26,717,000. 'money market. ''• * Bank rate, 3 per cent. . ' * Short loans, 1* per cent.; three months ;■ . bills, 2i per cent. ; Paris, 2& per cent.; Berlin, 2§ per cent. - ' CONSOLS AND COLONIAL SIOOIS. Consols, £78. • a . New /South Wales, 3J per cent., £98. Other, stocks unchanged. r METALS. .'.':■;■ Ain: Spot, £190 10s; three months, £187 153."'' :••'■'. .■ •Lead, £13 18s 9d. ■ ". Spelter, £25 10s. • ; '■' • Iron, 46s B*d. '■;■■■■ ft'-;-- ."<:', , . .- ■ - '- SUGAR. '..>;;■•■', ..■-•■' -";■-■ " v German, 13s lOd ; first marks, 15s Bd. t WHEAT, FLOUR, AND OATS. . The wheat markets are firm on unfavorable reports from America. There is rather more inquiry, : but buyers are cautious." Three Australian cargoes sold •:' at 34s 6d, one at 345, parcels three ports afloat at 33s 6d, ' August-September shipments 33s 7£d, s Chicago September ship- ..; ments j 90| cents to 91 i cents, Australian . on spot, quiet at 36s 3d. V ' Flour is" firm but inactive. , Oats are steady.. La Plato, 15s IOJd. -•■ ■■■■~ BUTTER AND CHEESE. • . Butter is very firm. and in good demand; ;■ prices unchanged. The strike is preventing the unloading of some ships. Cheese is firm; New Zealand, 69s to 71s. I Wcddell and Company's annual report . " states that the imports of Australian, New Zealand, and Canadian butter for the year ended June 30 were 61,023 tons, and the imports from . foreign countries 1b1,767 tons, the total being the largest . \ record by 3513 tons. They anticipate ~ ' higher prices for butter and cheese next season owing to the drought. DALGETY AND. CO.'S REPORT. : Messrs. Dalgety and Company, Limited, , Auckland, have received the following '(.'"'• cable from their London office under ' . date 3rd inst — . Butter : Prospects very favourable for early shipment new season's, which is likely to arrive bare market and realise '••• well." Cheese : Prospects are good. Drought *ij• .' ' has decreased Home make. The future j: depends on whether shipments are largo or small from Now Zealand and Canada. >»,,;•■ ■ : , '■?■ ■' SHIPMENT FROM ARGENTINE. , [BY TELEGRAM. —PRESS ASSOCIATION*.] ■U.V. ,-. -,' ■ ■ • •i. Wellington, Friday. The Department of Industries and Com{■>j merce has received the following cablegram ;• from Buenos Aires, dated August 3:— Foli- , lowing shipments of produce were dis- ;*:' patched from the Argentine to the United Kingdom ports during July, 1911 (com- ',";•(%!:■■'./' pared with July, 1910): Frozen beef, 1911, ; . 142,000 quarters, ■ 1910 84,326 quarters; ,>;"- chilled beef, 251,000 quarters, 89,859 -.. quarters; frozen mutton, 216,000 carcases, .-. , 240,441 carcases; frozen lamb, 89,000 carcases, 43,020 carcases. ■ '"' . CANTERBURY GRAIN MARKET. Hi%i ,! .,"■., ..'■ '..'.,.'.' ' ' iBT I^LEGBAPH. —PRESS ASSOCIATION.] |l|| Christcotrch, Friday. .-•■ More business has been done during the •'.;,' week than for some time past This is : -^ ,;:;;-v .'< consequent upon merchants taking advan- ! -!„ v tage of the cheap freights ruling to the '' , j United Kingdom, by direct steamers, and *' ' some 35,000 sacks aro being shipped or are'booked by vessels now on the berth. , The Nairnshire is taking 18,000 or 19,000 •,' sacks for West of England ports; the I ', Ruahine will carry about 12,000 sacks, and j the Corinthic about 5000 sacks. Tho greater part of this wheat is being taken from merchants* stocks, but some purchases have also been made from farmers. A number cf lines have changed hands at 3d to 3s 4d for Hunter's and Tuscan, and 3s 4±d to 3s 5d for pearl at country stations. There has been a fair quantity ,' : Art jffheafc offering and growers bavo been^ - M <l ' ' ' ■■• '■■ ■ ■

more disposed to sell than they were of late..". ■'. "■: ■-"':, > • ' There has been more inquiry for oats, but supplies are difficult to obtain. There is no fresh development in the chaff mar- ■ kot. ' • ' : ' - Potatoes are in better demand as a few orders are coming in from the North. Sales have been made at 455, to 50s at country stations, according to distance, there being a fair quantity on offer. A fairly largo quantity of peas is being shipped Home, and consequently the de j mand has been better. ; STOCK SALES. MESSRS. DALGETY AND 00. Messrs. Dalgety and Co., Limited, Auckland, report having held their weekly sale of hides, shins, and tallow, etc., on Tuesday, the Ist inst. ." Hides : Good demand, at late rates. Wo quote: —Ox:- Extra ' Htoufe to 7Jd, stout old to 7d, medium 6Jd to 6Jd, light od to 6{d. Cow : Beat lines to 6id, good 6Jd to 6Jd, seconds 5d to SJdJ Staj-s. 4Jd to sd. Kips, 5Jd to f\\<i. O.Uf: Best to Sid, good 6id to 7Jd, Cut and damaged hides, 4d to sd. \ Sheepskins. Market firm. ' Best butchers' skin.-) 5? to 5s Bd, good 4s id to 4s lOd, medium 3s 3d, to 3s lOd. Dry skins, largo to 6s 6d, medium 4s to 5s 6d, small 2s 6d to 3s 6d. Dry pelts, 9d to Is 6d. Tallow: Market firm. Best mixed in shipment casks to 28s, good C6s 6d, medium 23a 6d, inferior 17s 6d to 225. Rough fat, lid to ljd i>er lb. Cow tails, Is 8d per dozen. •' ! ' Horsehair, Is 4d to Is 7d per lb. Good dry bones, £4 17s 6d per ton. LOAN AND MERCANTILE AGENCY COMPANY. The New Zealand Loan and Mercantile Agency Company, Limited, report as follows At Ohaupo on Tuesday last we yarded 562 head of cattle, also several small lines of sheep. There was a keel demand for all . classes of cattle, and tho total entry changed hands, but thoro was little inquiry for sheep. Prices were : Two-year-old steer*, « 18s to £4 9s; yearling steers, £2 13s to £2 IBs; mixed yearlings, £2 8a to £2 15s; smaller yearlings, .£1 15s to £2 3b; yearling heifers, £2 34s fd; 18 months heifers, £3 9s to £3 13s 6d; empty store cows, £3 to £3 13s 6d: forward cows, £5 to £5 3s; springing heifers, £5 10s to £7 15s; dairy cows, £4 17i 6d to £6 10s; woolly hoggets, lis to 12s.