COMMERCIAL.

New Zealand Herald, Volume XLVIII, Issue 14808, 11 October 1911, Page 5

COMMERCIAL.

MARKET SEVIEW,

BUSINESS BATHER QUIET.

BrsiNsss -with general merchants during the last few days has generally been on the quiet side, but the departure of the island steamer with the usual island orders has caused a # little more activity. Soft goods houses state that there is very little change with them, and hardware houses are fairly busy. Continued activity is being experienced by the produce merchants. Coffee: The market is very strong, with upward tendency. All coffees are of light supply, and stocks of lower grades are entirely exhausted. The new crop is expected ibout the end of this month. Salmon: Particulars by mail point to' higher prices for new season's goods. „ The American markets are already practically i cleared right up, and there is still an in- . quiry for a good few thousand cases. Tinplates: Market is firm, with upward tendency, and prices have advanced for November-December shipments. Seedless Sultanas: Cable just to hand notifies that the market is slightly easier for this line, and buyers would do well to cover their requirements. Seeded Raisins: Replenishing stocks are .awaited by incoming 'Frisco steamer. For"*4 ward market is slightly easier, in sympathy with sultanas, and we think that there is more likelihood of prices advancing than

declining. .; • ', Cream of Tartar: Cabled advice just rereived notifies that market has had a temporary reaction in price, but we do not anticipate any further fall meantime. Cottonseed oil is quoted on a favourable basis, and buyers would do well to cover their forward shipments. " Linseed Oil: Stocks on the spot are exceedingly short, and are commanding enhanced prices. Forward market is slightly weaker for shipments spread up till the middle of next year. - Mattress Fibre: We have just been notified of a further sharp advance in this line, which practically prohibits importation. This, is owing to the high rate of freight required by the shipping companies on this v line. ....• > ..-■■'■■..- '"..'.

Hides: Market continues firm at late prices. ,-;\'.

•''■"• __ Skins: Market firm, with keen competii; tion at late prices. ' .*. Tallow: Market remains firm with good ■.- inquiry. f \ ■'. ■ -.; \:._;. t=-; u_' : - 5 v -f Potatoes: The Waitemata shipment was 4.very 'much' smaller than was anticipated, - and as the Tarawera only brought 759 sacks from the South, the market is. very bare * of stocks, and merchants are now finding 'it -rather-difficult to i execute orders. The price in -' consequence has advanced to £5 T per ton. Growers in the South appear to * be dissatisfied with selling at the late low figures,: and now refuse to do business unless at higher prices. There will be no . J new arrivals until the Mokoia, duo on Fri- ■ ■-.- day, and as this steamer is ; not expected _ -. > to have a large cargo, we look for a very bare market for the next two weeks. • - Seed Potatoes: There is still a very good . demand, and accumulated stocks are fast .' ; running down. -..:--;• -■-:';■■•. . Onions: In this line again there is a <:-;_ t shortage,' The; M&heno, ; just in, only '..;-""{ brought H & small shipment. Melbourne . onions-are worth £8, and Ualifornians are . available at £13 ner ton. k■■:■: Oatsr 5 The position is still a very strong ; ,- one. ;, Notwithstanding ;. the ; importation vof Melbourne Algerians for feed purposes, '. ; Southern ; holders of . white oats are as firm /'; as ever, /- Country offers : are almost '-.at a * vanishing : point, and merchants* stocks are . f practically < niL Oats in store in farmers' account are held for; high reserves. > The . "Waitemata cargo of oats reached Auckland to a very bare market, and a good portion of this shipment will go direct into the ,:, bands of distributors from ship's side. -The i Ihumate,; is the first steamer with seed Al- ' „ gerians, and :is due this week. The prices r -are 3s 4d for Algerians and 3s 8d for white ; -Oats. fc-'V"- —*'—: rV'-i-t r. : V •'';';".':-'■ :*-'?■' "' \' '' "■' y- : ' Chaff is still very,strong. The local grain in the country is running down very low, and growers are asking high figures for . what is left. At the present time this market is being sunolied practically, from the South, and as the drawing is of rather '■:.: large extent we quite expect higher, prices. .4 The nominal quotation for Melbourne is £6 - 10s, with verv small stocks. Local is worth -■•' .£6 15s, and Southern £7 ss. ■ 1 . * Fowl Wheat: There is quite a bare .market.. The "Waitemata brought a small '■_■' "I shipment from the South. Advanced prices :are asked there, and very little offering. ■ Maize: The Waiotahi' only 'brought a Email shipment from the * South. The ex ?£tore price is 3s 7d. , : -; Bran is selling ; well: at. £6 ss, with low stocks. - ' j Pollard is moving off _ well :at £6 10s. Stocks are on the light side. ' Flour: Northern Boiler flour is worth . £10.15s per ton, and Southern flour £9 15s "■> per ton locally. -'.'..'.. --"- '.-':',' ' ; 'VFungus: ; Practically no business doing. The nominal quotation is 3fd for dry lots. » Flax is still reaching here in small lots. There is ;; no; improvement \in the London market. The local quotations are nominally £16 10s for g.f.a.q., £16 for f.a.q., and £14 for' common. Tow: The - small lots that are being forwarded are taken off the market by local manufacturers. Indian Tea: During the past month labour conditions in London have become more l settled, and the trade has now reverted to nominal conditions. As anticipated, the accumulated offerings of all tea 1 have been large", amounting to about 80,000 packages, but this heavy quantity has not proved too much for requirements. _ The - market has i shown much activity in all ■" grades, although perhaps there has not • been so much eagerness in buying circles towards'lowest descriptions. The strength : of the demand has been more accentuated on teas above 7 annas 1 pie per lb, and the better grades have reflected a somewhat strained level of value, which tem- '■--' porary c '■ ? circumstances have t._ , influenced. Finest grades throughout have brought exceptional rates, and long prices have been recorded for choice tippy parcels from As- - sam. The? situation has been unique in . that good tea has been wanted under a demand which has been more or less compulsory, and this demand has been met.

. , KAURI GUM MARKET. Th© arrivals for nine days of October are 154 tons. This shows a failing-offof.se ■tons in comparison with the same period of - last month, when 161 tons reached here. . The market remains practically the same. "Business is very small and ' spasmodic. There is no steady demand for any particular grade. . :„, ■, ■ •■•. . . - Pale Select: Only, small lots coming to i hand, which are selling. < . Ordinary: There is very little business in • good reseraped, and none at all in interior '■ ': lots. Sorted, superior ; three-quarter-scraped • ordinary is only changing hands in small lines. There is nothing doing in unsorted lots. Medium ordinary is selling, and also extra well-cleaned washed nuts. Coated nuts are not asked for. r Good swamp with heart in it is changing hands m small lots , Medium swamp is quite neglected, and poor white swamp is not so easy to sell. . - ; . ■ East Coast: There has been no -business ' doing the last few days. - Stocks are not . Black: There have been buyers of good ■ re-scraped and of bald lumm homughly ■ sound and well cleaned. .Sorted ,three- . quarter-scraped steel is not easy to dispose • of. Unsorted lots.of; black are wanted \ Medium black and good hard black nuts ■ are salable, but there ».S«**«f *¥*£ .poor.black nuts mixed with wait© bvvampy .' ""flush• Nearly''all: kinds are meeting with • a All kinds of chips and , dust, including bright /mips and dust, good ordinary chips, diggers >> ordinary chips -■ ■i (sifted), diggers' ordinary chips and dusty good 'ordinary dust free, from. "£&]* : : black riddlings, are moving off in small tofc. There is -no demand at , all for black no- , dlings. , •;■'. :'-- : : "'■■"■■ '' ' ■ '.' •"■''"- \ \

sell by auction in the Town Hall, Morrinsville, on Friday, at 2.30 p.m., under instructions' from the' Tauhei" Land Company, the Hangawera Estate, consisting of 5136 acres of level, ploughable land, divided into suitable farms, from 98 to 1330 acres. The terms are particularly easy, as the vendors wish to disnose of the block under the hammer.

CHRISTCHURCH x GRAIN MARKET. [BY TELEGRAPH.— ASSOCIATION.] ■ Chmstchurch, Tuesday. The local wheat market still keeps very quiet. The offerings are mostly in small lots, no lines of any size being on the market. A few small sales continue to be made on the basis of 3s 6d, 3s 6id and 3s 7d at country stations, according to distance. These prices are for hunters and tuscan, pearl being worth a little more. Oatsheaf chaff is firmer, 90s now being the general price, and in some cases growers are not willing to accept this figure. The demand >is purely for local consumption as; no coastal export can be done at the prices.: . m

V POTATO MARKET. [BY TELEGRAPH.—PRESS ASSOCIATION.] t Christchtjrch, Tuesday. Potatoes are rather firmer, as offerings are scarce. Farmers 'are now busy with spring work, and being thus employed are prepared to hold a little longer. The price now generally offered is 35s at country stations, the lower quotations being given, from the South . preventing merchants from' offering more for shipment to the North Island. •

MORRINSVILLE STOCK SALE. The Farmers' Co-operative Auctioneering Company, Hamilton, report as followsAt Morrinsi e .25 Frldfl y we had a yarding of 2597 sheep and 703 head of cattle. There was fairly good competition right through. Fat wethers in wool made 21s to 225; fat shorn wethers, 18s; fat ewes in wool, 16s and 16a 3d; fat shorn ewes, 13s 3d; Ss ln forward shorn wethers, 14s 2d and 14s ad ; 1000 ewes, with lambs, sold in lots. 13s 2d to 13*; really good woolly hogget*, 8d to 17s 7d : others, lis 9d to 15s 3d cull hoggets, 7s; wellfattened steers, £11 10s; lighter weights, £7 Ss to £9 17s 6d; small fat heifers, £6 to £6 10s; fat cows, £6 to £7; fresh two-year-old steers, £5 15s; two-year-old empty heifers, £4 5» to £4 19s; store cows, £3 ?s 6d to £3 15s; yearling steers, i 3 to £3 ss; choice dairy heifers, £7 10s to £10; out-of-condition heifers, £4 15s to £5 10s; a few unbroken light draught horses, £10 to £19; medium draught horses, £29 10s: pigs, sundries, furniture, etc., at usual rates.