COMMERCIAL.

New Zealand Herald, Volume XLVIII, Issue 14810, 13 October 1911, Page 3

COMMERCIAL.

MARKET REVIEW.

BUSINESS FAIELY SLACK.

-Business generally has not been bright since the departure of the' Island boat, and general merchants are experiencing rather a slack time. Soft goods houses are also rather, quiet, but there is a fair amount of business doing with the hardware houses and produce merchants. Tinplates: Quotations to hand by cable advise that this market is slightly weaker, and vendors consider it a favourable time for buying. Linseed Oil: This market has advanced for prompt and forward shipments; stocks on spot are low and same are commanding enchanced prices. Turpentine: This line is still quoted on a favourable basis and buyers would do well to cover their requirements. Canary {Seed : Stocks in hand are light and forward market is. firm for new season's shipments. , ... • ■■■; Prunes: This market has advanced considerably on opening quotations, and buyers who got in early have reason to be well satisfied, with their purchases. Kapok: JLiepienishing shipments ex last direct steamer found a ready market, and there is sure to be a shortage before the next vessel arrives. Caustic Soda: The well-known brands are meeting with ready sale, and good business has been contracted for spread shipments over next year. Champion's Whitelead: Stocks in hand have advanced in sympathy with the high price now ruling for prompt shipment from London. Potatoes: The Mokoia only brought a* small shipment from the South to an absolutely bare market, and the difficulty that merchants have been experiencing of late in completing orders is still in evidence. Growers have advanced their prices in the South all round, and in some districts they are prepared to feed their stock rather than accept the late low rates. The price is £5.

.. Onions: On account of the small shipments of Victorian onions there has been a good demand for Californians this week, and stocks have commenced to run down. The price of Victorians is £8; Californian3 £13.

Oats : , There is still a very firm feeling with regard to the market. ' The purchasing of Victorians has made no difference in the Southern market. The demand there has been quite sufficient to absorb all offerings. The shipment by the Waitemata was smaller than was expected, and store stocks are low. The price is 3s 8d for white oats, 3s 4d for Algerians. , " Chaff : The market is a very good one for sellers. There is a 'large amount of business doing." Local stocks are almost exhausted. Supplies ape being drawn principally from the South. The quotations are £7 5s for Southern, £6 15s for local, and ' nominally £6 10s for Melbourne. " ' -;.';-' • Fowl wheat: There is very little offering. The market is firm. Stocks in town are low. The price is 4s 6d. i Maize : The arrivals from the coast consist of 232 sacks by the Tasman, and 233 by the Aupouri. Store stocks are small, and nil arrivals have been readily sold ex wharf. The ex store price is 3s*7d. Bran is moving off at £6 ss, with light stocks. " , »- Pollard: A reduction has taken place this week, and the quotation is £6 ss. There is very little offering, and no difficulty in placing. ' Flour: Northern Roller flour is worth £10 15s per ton, and Southern flour £9 15s per ton locally. 7 Fungus: The nominal quotation is 3id for dry lots, with very little business doing. ■ *,:■ ."_-■*' I \,-'i v- :'' ' ' --I Flax: A little more has been coming in of late, but not sufficient to make a market. London is still quiet. The nominal quotations are £16 10s for g.f.a.q., £16 for f.a.q., and £14 for common. Tow: There is not sufficient to fill the requirements of local manufacturers.

Indian Tea: About 31,200 packages were catalogued at the Calcutta tea sales No. 15. Assam showed the best selection, Harjeeling and Dooars being, with a few exceptions, of indifferent quality. For fair to good liquoring medium leaf and leafy brokens, the market was about steady, but plain liquoring lots were rather weaker and small leaf "brokens without appearance or cup quality declined; tippy sorts were in fair demand. Fair common Pekoe Souchong was slightly easier, while common broken Pekoes, common Fannings, and commonest kinds generally showed a slight decline. Small leaf Tannings, both common and medium, marked an irregular decline of a-quarter to half an anna.

THE KAURI GUM MARKET. The arrivals for 12 days of October are 188 tons, which "is ' 30 tons less than the arrivals for the same period of last month, when 218 tons reached here. Although there is still a quiet feeling in the market rather more business has been passing the last few days, but there is quite sufficient stock in town here to complete the small orders that came to hand. ' Pale Select is salable; very little arriving. Ordinary Small lines of really good rescraped have changed hands, but inferior parcels are not wanted. Some few sales have taken place in sorted superior three-quarter scraped ordinary; unsorted parcels are neglected. There are buyers of " medium ordinary, and extra wellcleaned washed nuts, but coated nuts are passed over. Good swamp with heart in it, and poor dry swamp is still selling. There is no demand for medium swamp. East Coast: Is still quiet, but stocks are light.

Black: Shippers are operating on really good rescraped', black and thoroughly sound bold lumps which must be wellcleaned. The inquiry for sorted threequarter scraped steel is very light. Unsorted parcels of Black are not in favour. There is a little doing in medium blacks, but , poor black nuts mixed with white swampy nuts are difficult to place. Bush : Nearly all kinds are meeting with a slight demand.

Chips and Dust : Bright chips and dust, good ordinary . chips, diggers' ordinary chips (sifted), diggers' ordinary chips and dust, good ordinary dust free'from earth, ,are salable. Cut black riddlings are asked for, but there is very little demand for poor black riddlings, and black dust must be coarse, thoroughly dry and free from sand to enable it to be sold.

PROPERTY SALES. Mr. J. Thornes holds an important land sale by auction at noon to-day. Several choice properties are to bo offered, and they comprise : Five building »ections at St. Heliers Bay; residence, seven rooms, in Crummer Road, close to Ponsonby Road; fruit and dairy farm of 80 acres, at Albany, with ' residence, • six rooms; and the following properties in the estate of the late J. Thompson : Residence, seven rooms, and nearly three acres land, in Gladstone Road, North - cote; house, seven rooms, in Picton-street, Ponsonby ; house, six rooms, in Napierstreet, city; residence, 11 rooms, with section 71ft by 70ft, in Sentinel Road, Ponsonby ; house, seven rooms, in Napierstreet, city and residence, eight rooms, on section 59ft by 270 ft, in Sentinel Road, Ponsonby.. Messrs. T. Mandeno Jackson, acting under instructions from the. Registrar of the Supreme Court, will sell by public auction at their rooms, Customs-street East, at 11 a.m. to-day, some valuable properties in the estate of the late W. C. Griffiths, butcher, of Parnell, comprising butcher's shop (now in the occupation of the Auckland Meat Company) standing on section with 33ift frontage to Manukau Road, Parnell, by 99ft deep, subject to a right! of way to Gibraltar Crescent; two-storeyed six-roomed house standing on section with 32£ ft frontage to Manukau Road, Parnell, by 99ft, subject to a right-of-way to Gibraltar Crescent; two-storeyed nine-roomed dwelling standing on section having a frou-

Tage ; of V about 39ft to Manukau Road,' Pamell, also a frontage to Cheshirestreet, with a through depth of about 231 ft, and about five acres best volcanic land, having a frontage of about 362 ft to Mountain Road, Remuera, with beautiful harbour view,.and which would cut up to advantage. , The New Zealand Loan and Mercantile Agency Company, Limited, held a very successful sale of Henderson sections at their land sale rooms, Lower Albert-street, yesterday. There was a, good attendance of the public, and eight out of 10 sections offered were sold at from £90 to £100, The areas ranged from 1 rood 35 perches to 1 acre 6 perches. . Mr. Louis Lewie will offer by auction at Messrs. Paul Hansen and Co. *s land auction rooms, 64, Queen-street, to-day, at 2.30 p.m., an eight-roomed two-storeyed cottage, situated at 28, Edinburgh-street, Newton, by order of the Public Trustee, in the estate of Louisa Tucker (deceased).

AUSTRALIAN PRODUCE MARKETS. By Telegraph.—Press Association.—Copyright. (Received October 12. 11.30 p.m.) Sydney, October 12. Wheat, 3s 7d to 3s 7|d. Flour: City, £8 15s; country, £7 15a 6d. Bran, £5. Pollard, £5 ss. Barley: Victorian Cape, 2s lOd to 2s lid; seed, 3s; English, 4s fad to ss. Maize, 3s 8d to 3s 9d. Oats: Tasmanian Sparrowbills, 2s 9d to 3s; Giants, 3s Id; Algerian, 2s 7d to 2s 9d; feeding, 2s 6d; Tartarian, 2s lOd to os. Onions: Victorian, £3 15s to £4. Potatoes: Tasmanian, £6 to £7. Butter: 108s to 116s; selected, 120s. Cheese, 6|d to 7£d. Bacon, 7dto 7£d. ' Melbourne, October 12. The demand for chaff is slacker and the market easier. Compressed, covered, £4; uncovered, £3 13s. Hides: There are fair supplies, and a very firm upward tendency. Wheat, 3s Bd. Flour, £8 to £10. Oats Algerian, 2s 3£d; feeding 2s id. Barley: Cape, 3s 3d to 3s 6d. Maize, 3s to 3s 3d. Bran and pollard, £5. Potatoes, £4 to £4 10s. Onions, £2 15s. Adelaide, October 12. Wheat, 3s Bd. Flour, £8 ss. Barley: Cape, 3s. 1

LONDON MARKETS. By Telegraph.—Press Association.—Copyright! (Beceived October 12, 10.10 p.m.) London, October 12. WHEAT. — " ; Wheat: A JanuaryFebruarY shipment sold at 30s. , , - . . . ) RABBITSKINS. - At the rabbitskin sales 5350 bales were offered, and about half were sold. Good brought from l£d to 2d below late sales; inferior and fair brought £d lower. ' The New Zealand Loan and Mercantile Agency Co., Ltd., yesterday s received the following cable from their London house : -" We quote present spot values for the following descriptions of tallow : Fine mutton, 37s 3d; good beef, 355; mixed, 33s per cwt. Market firm." < i Messrs. ; Dalgety and Company, Ltd., are in receipt of the following cable from their London house, under date October 11 :— "Tallow : Mutton (in general) unchanged; neglected. Other descriptions 9d, higher on the 'average,, but very irregular. Kabbitekins, Id to 2d lower. ■'•-'"', ■,'■' - \

HIDES, SKINS, AND TALLOW. ; Messrs. G. W. Binney ancJ Son* report «' follows :— - ■: '"'• '.. ' "■ ". On Tuesday we offered and cleared extra larg» catalogues of hides,. skins, and. tallow. ■;.. ; > • Hides: Market firm. Extra stout ox, *7id to 7Jd; : stout, 6|d to 6|d; medium, 6£d to 6|d; light, 6id to 62d; cows, extra dry, 6id; extra good, 6-Jd :to ■" bgd; :good, sjd to b|d; seconds, sjd to Sid; stags', 4id -o 5d ; kips, 5Jd to 6d ; yearlings, sid to 6d ;: calfskins, best, 7£d to B£d; good, bid to 7id; meaty, 5d to 5Jd ; cut and damaged, 3£d to 4£d per lb.Sheepskins: Market firm at late prices. Butchers' picked skins, 5s •»-.: : 6d to 6s, largo 4s 9d to 5s 3d, medium' 4s. to 4s 3d; country, .best 4a-6d to ss, medium 3s 9d to 4s 2d, seconds 3s 2d to 3s 7d; country, dry skins, large double fleeces 7s to 7s 6d, good 4s 3d to sa' 6d, medium 3s to 3s 9d, small 2$ to 2s 8d each..-.'.:.". .'. ...v. - *.' •''. "'...• '■ ■ Tallow: Market firm. Best mixed, in shipment caeks, 27s od -to W. 6d; good, 24s 3d •to 268,' medium 21s 6d to 23s 6d, inferior 18s- to 20s per cwt. Rough fat, lid to lid per lb. - ' Oowtails, Is 8d per dozen. . •. Bones; Good dry, £4, IS*, to £4 17s .6d per ton. .: NORTHERN SALES. The Auckland Farmers' 'Union, Ltd., report:— ' We. held sales :at Waipapakauri and Kaitaia on September 16 and 20, and : had good yardings at both centres. ■; Close on 10001 head of i mixed' cattle were penned at Ohaewai, and we, have to report a very successful eale, everything being quitted at record prices for this district. Beef steers, £8 10a to £12 12s; cows, £6 to £8 12s 6d; grown steers, £5 15s to £7 ss; 5-year steers, £5 5s to £6 2s 6d; 2-year steers, £4 to :£4 15s; 12 to 18-month steers, £3 to £3 15s;" steer calves, £1 ss' to £1 15s; young, store cows, £3 5s Ito £3155, others £2 to £2 155; one to two-year heifers, £2 5s to £3 10s; calves, £1 5s to £1; 10s; fat wethers, £1 to £1 2s 6d. : At Kamo on -■. October 3 we penned 1500 head of cattle and found purchasers for all ; but three lots. Prices were a shade easier than last month for all classes-but store cows," these being . from ■5s to ,7s ,6d dearer. Beef steers, £7 10s to £10 10s' (no . heavyweights offering); cows, £4 to £9 2s 6d; dairy cows, sound, young, and close to profit,; £4 ?to :£3 2s 6d, others £3 to £4 10s; bulls, Shorthorns, £3 10s to £8, Jerseys £3 10s; to £10; stores, grown steers in fresh condition, '£6; 10s' to r£7 15s ; 3-year steers. £5 to £6 ss; 2-year steers, v £4 5s to £4 15s; 12 to 18-month steers, £i 10» to £3 15s; calves, £1 10s to £1 15s ; fne«n young cows, £3 10s to £4 ss, others £2 10s to £3 ss; 2 to 3-vear empty heifers, £3 10s- to £4 12s 6d; 1 12 to l"8-month heifers, £2 5s to £3 10s V calves, £1 5s to £1 15s. The Whangarei yards r were well filled on October 4, when we.again had a splendid sale, nearly everything being sold at prices a shade easier than at Kamo.

. Messrs. F. and W. Wakelin. held their second spring cattle fair at Kamo on . October 3, when upwards of 700 head of store cattle and, 120.head [ of beef were yarded. An unsatisfied demand existed for all classes of,stock.' Some very fine beef was yarded for the time of the year, and met with good competition. Four nice, steers fattened by Mr. H. Bate made £15 10s each, and three steers fattened by Mr. Sands,.of Whareora, made £10 each; .. the majority :of the fat' steers offered made from £8 to £12 apiece. One pen of fat cows made £8 each, and one odd cow £8 10s; three and a-half to four-year-old steers; sold at from £6 5s- to £7 ss; three-year-olds,, £5 103 to £6 2s * 6d; two and H three-year-old steers, mixed, £5; yearling and 18-month steers, mixed, £3 7a fid to £4; fresh store cows, : £4-ss, others £3 7s 6d to £3 15s; two and two and a-half-year-old heifers, £3 5s to £3 12s 6d ; dairy cows were in, demand, those close to profit making up to £7; old and backward cows, £4 to £5;; bulls, up to £10. At Mauugaltaramea there was a good yarding, and most of the cattle were sold at satisfactory prices. »vo also held sales at Towal and Hukerenui, and at both of these places stock sold very well, quite equal to Eamo prices.

WAIKATO SALES. The Farmers' Co-operative Auctioneering Co., Ltd., report:—At Ohaupo yards on October 3 was had a yarding of 4448 sheeep and 778 head, of cattle. Competition was good for all classes, and hardly a pen of stock was passed at auction. Fat and forward wethers 19a 3d, ewe hoggets (bro-' ken fleeces) 12s 3d to 15s, cull hoggets lis, ewes with 100 to 150 per cent, of forward; lambs 24s fid, to 26s 6d, others with 70 , per cent, lambs 18s sd, best dairv heifers £7 to £10 2s 6d, others £5 to £6 ss, fresh 3-year steers £7 10s to £7 14s, store 2£-ycar steers £s"ss,'same age Jersey cross £3 19s; empty 2-year-old heifers £3 15s to £5 (200 of this class sold), good quality yearling steers £3 to £3 7s; smaller sorts £2 12s 6d to £2 17s 6d, choice yearling heifers £2 18s to £3 2s 6d. At Hamilton yards on' October swe had a full yarding, every pen and yard being occupied, total" entry being 2540 sheep, 60 pigs, 264 fat cattle, '283 mixed store cattle, and 223 dairy cows and heifers. Pigs were at extreme prices, and several that gave entries for this sale and did not turn up may have missed their opportunity; weaners 15s to 18s, slips. £1 3s to £1 6s, porkers £2, . sows £3. • Sheep ■of all classes were dull of sale under the hammer, but we eventually sold 1962 of the - entry. ..- Shorn ' fat wethers 183 6d to 20s, fat wethers in wool 20s 3d to 24s 3d, fat ewes 16s to 19s 6d, fat hoggeia in wool 16s 6d, well-woolled choice ewe,hoggets 17s 3d, smaller ewe hoggets 14s; mixed hoggets in wool 133 6d to 15a. iho yarding. of fat cattle was keenly competed for, but prices were slightly lower than at our sale of three weeks ago.'. Stcrs made from £10 to £13 15?, the latter being obtained for nine extra prime, steers from Pegler Bros., of Kariol, Raglan: a few pens of unfinished steers, £8 10s to £3 12s; fat cows, £7 to £8 12s; barclv-killatile cows, £4 10s to £5 14s; bulls and stags, £5 10s to £7 ss; 3-year-old store steers, £5 18s; store cows, £3 103 to £4; choice 2-year heifers, £4 5s to £5; choice yearling heifers, £2 18s ,to £3 12s; smaller yearlings, £2 2s to £2 10s. The majority of the dairy cows and heifers were backward in condition, and as the weather of late, hot days with frosty nights, has not been conducive to growth, competition was less keen; at the same time good j sorts were required, and made from £7 10s to £10, medium sorts £5 15s to £6 15s, smaller; and backward £4 5s to £5. "

The Farmers' Co-operative Auctioneering Company, Hamilton, report as follows:— Morrinsvilla on Friday we had a yarding of 2997 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; at owes in wool, 16a and 16s 9d; fat shorn ewes, 13s 3d; fat and forward shorn wethers, 14s 2d and 14s 4d; 1000 ewes with lambs, sold in ■- lots. 13s 2d -•■ to 19s; really good ; woolly hoggets, 16s Bcl to 17s 7d; others, lis 9d to 15s 3d; cull ; hoggets, 7b; wellfattened i steers, £11 > 10»; - lighter weights, £7 '8a to £9 17s 6d; small fat heifers, £6 to £6 10s; fat cows, £6 to £7; freeh two-year-old steers, *£5 15s; two-year-old empty heifers, £4 5s to £4 19s;»' store I cows, £3 7a 6d to £3 ,15s; yearling steers', £3 to £3 ss; choice dairy heifers, *7 10a 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; pig»» sundries, furniture, etc., at usual rate* . ; ;