COMMERCIAL.

New Zealand Herald, Volume XLVIII, Issue 14868, 20 December 1911, Page 7

COMMERCIAL.

MARKET REVIEW.

BUSINESS BRISK.

■W>'.. ■ BtfSW* 38 .'with general merchants daring a 0 Inst few days lias been brisk, which is flpiajw what is expected at this time of th© ear . Soft goods houses do not report Pm matters over bright. Active trado is being vrnfrienced by produce merchants and hardill «*» houses. Tho Delphic has arrived with .jjout tons general cargo, amongst w hich several seasonable lines have- been ! eagerly looked for. ijjnplaU's: Stocks on hand are- rather short at tho present moment and command- '(£ enhanced prices. Replenishing shipid ments are late in arriving, duo to tho effects «d!the late strike. • ; . , • Figs-" Advices to hand by mad point to still higher prices ruling for better grades. ,' Tartaric Acid : Market is firm with upward tendency, and buyers would do well to cover their requirements. Canary Weed : Stocks on spot are nearly exhausted, and the arrival of now season's Wißipments is eagerly awaited. Canned Fruits: ell-known brands are meeting with ready salo, and there is al- '' ! v«adv a shortage on this market. -■■' Kensett oysters are quoted on a favourwff»bk» basis, and good forward business has ||lte«n put through. Linseed Oil: Market still maintains a downward tendency, t.nd a from advices received wo are of the opinion that now is an ; opportune timo for buying, as suppliers teem to consider that the market has reached

bottom. . '. Kapok: Small business has been passing at current rates, and v.a think buyers had better not delay in placing their orders, owing to the uncertainty of securing freight for December shipments. Potatoes are coming in. better than could be expected during this bad weather. The Market is kept fairly well supplied. Old potatoes are now quite out ot tho market. 'he price is ss. - . Onions: The Maheno brought a small shipment of onions to an absolutely bare market. Letters to hand by same mail report exceedingly bad weather in Victoria, where shipments were to be made to catch the Malm-no nt Sydney, and through this several consignments have been delayed. Slocks in town arc not sufficient to supply the demand, and in consequence the price i ''is firm at 18s to 20s per cwt. ■ Oats: Old oats aro slightly easier, on account of new crops being near at hand. So far the only offerings have been a few ' Canterbury Algerian oats, threshed ex rtoot,which aro not satisfactory to feeders. There will bo no now oat a in -anv quantity until early February,, so that old oats will be required for quite six weeks yet. The Sic© is 3s 7d for White Oats, 3s 5d for gerian Feed. - Chaff: 'lho market is well supplied, and "the demand continues good. Southern shipments are still arriving. New chaff is being ' offered from Blenheim; but buyers are not * ' operating, considering it not safe to handle. The price is £6 10s for local ajid £7 for Southern. Fowl Wheat: There is no change to report. A good inquiry exists, with lightlyMocked market, The price is 4s 6d. Maize: There have been no fresh arrivals , ''since our last report. Tho ex store prico is -i s 9d. Bran is worth £6 ss, and selling .well, with moderate stocks. -" Pollard is moving off freely at £6 ss. -Stocks are not heavy. Flour i Northern Roller flour is worth £10 15s 'per ton, and Southern £9 15s per ■ toil ;<3cahy. Fungus: There has boon a little more inclination .to "do business during the last .week, and dry lots can now bo placed at 4d. It-ii anticipated ,that the price will bo easier after the New Year. . Flax: Only small lots are coming to hand. "The London market, according to the latest cables, is very dull. The local quotations : are' nominally £16 10s for g.f.a.q., £16 for , f.a.tj., and £14 for common. '"- Tow: This is also reaching here only in :!, moderate quantities, and all that comes to t„ hand is taken over by local manufacturers. -;*•' Ceylon Tea: Tho total quantity offered at -the Colombo sale of the 21st ult. amounted to 1.500,9251b. The selection was poor, while quality remained about the same as ■ last * week. , A strong demand existed throughout tho sale for nil descriptions, es.'pecialfy medium Pekoes and Orange Pekoes, ,1 which were dearer. All teas-were poor in r'liquor, and the leaf was inclined, to bo a .tnflo stalky. Tippy teas were scarce, very few -lines with a- good curly leaf and strong ~ malty liquor • being catalogued. ~ These teas, however, were badly ■ wanted, and in con- . sequence very firm prices were realised. [Medium Broken Pekoes remained unchanged, while the leaf descriptions showed -distinct advance; the Russians buying heavily accounted chiefly for tho inflated prices. Common teas, both leaf and Mokens, remained very firm,* but no advances on last week's prices could be quoted. •:'■■• . '- ' KAURI GUM MARKET. '•'« '- ' ■ • . . '.; -• ' ' ■ " ! The arrivals for 18 days of December are 356 tons, as against 290 tons for the same V period of last month, showing an increase ' of 66 tons. The market has not altered to any great extent. There ore still buyers of >vy the medium grades of ordinary and black gums, but.only small sales are being.made of any, of the other grades. ' Pale select is asked for. ; ~ ; Ordinary Good re-scraped is salable; inferior lots aro not. Sorted superior three- . quarter-scraped ordinary is moving off in small lines. Unsortec! parcels arc net easily sold. Medium ordinary is selling slowly. Extra well-cleaned washed nuts are 'wanted. Coated nuts are not in favour. Good swamp with heart in it moves off, *||i but medium swamp i 3 hanging fire. Poor ,;,v white swamp, if dry, can be placed. .East Coast: Business is still rather quiet. Stocks here are not heavy. ;. Black: Re-scraped and bold lumps thoroughly* sound and well-cleaned meet with fair sale. Sorted three-quarter-scraped steel ■ is only changing hands in small lines. > Un- ' sorted blacks aro not asked for. There are , buyers of medium blrck and good hard black nuts, but poor black nuts mixed with , white swampy nuts are not wanted. Bush: Bold pale re-scraped is asked for; Hft'. grades are only selling slowly. • - Chips and Dust : Tnere aro buyers of '.bright chips: and dust, good ordinary chips, - diggers' ordinary chips (sifted), diggers' ordinary chips and duri, and ordinary dust of good colour. Buyers will not tako any , .earthv lots. Cut black chips and good I ordinary chips and and ordinary dust Of good colour. Buyers will not take any earthv lots. Cut black chips and good black riddlings are salable, but tho demand •w poor black riddlings containing- fern roots is very slack. Black dust if coarse i' ;■, , and dry and freo from mud is meeting with more inquiry. . " •- < I '.'--- PROPERTY SALE 9" TO-DAY." Today Messrs. Samuel Vaile .and Sons « will hold their last SALES' TO-DAY. preToday Messrs. Samuel Vaile .and Sons "will hold their last auction sale for tho present ; year, when the subdivision known as . Lderiholm will be submitted to competition. This estate is on tho Mount Eden Road, ' Clota _to the Mount Eden tram terminus, And in. all there are 47 tots, all volcanic and dry, and averaging from a quarter to half an acre in size. One large section, contain,iai eight acres, will be sold in one lot. The - terms for any allotment (except the eigiit y;;: acres) aro £10 cash, £10 in three and six months, and the * balance in three years, with interest at 4i per cent. During the '. sale six lots will be sold without reserve. Paul Hansen and Co., 64, Queen-street, w«Il offer to-day at 2.30 p.m. the remaining . allotments in tho Thome Estate, Lake Takavpuna..- It is the intention ot the owners to dispose -of every allotment at this sale, if at • -All; possible, arid for that purpose the reserves fixed are exceptionally low for this class of property. -:, • — VANCOUVER MARKETS. [BT TELEGRAPH—PHESS ASSOCIAIIOJT.J WELLINGTON, Tuesday. The following is an extract from a report elated November 1, from the New Zealand . wade representative at Vancouver:— §::>■;< : . ... MUTTON. ; ■United States mutton is being placed °*» this market at a very low price. Three cold storage linns in Seattle and Tacoma ire cutting prices. They are selling at nine cents per pound, the usual price being Hi Wats. Buyers do not understand the reason for their doing so, unless it is to compete .against imported mutton from the colonies. ■■" ' BUTTER. -, Prices continue to advance under a very active demand. The finest Eastern is fetching 27i cents per pound, f.o.b. (JIEESE. • . Prices are much higher this season than •ast, as larire quantities have been exported, ".tine.price to-day is about 14i cents, f.o.b. ; ; i ,'; eggs.- .' ■ '!■' .'"■ i -'rices, mo the same as this time last year, although a larger quantity is stored ■am nas been for some years. Eggs nave ceen shipped in by American producers at ■ "otn-iohe to two cents higher: than by ■■•vanadian houses, local fresh,. eggs • are *<:a«e, prices being from 45 to 50 cents per dolen : .. ; ■ ■ HAifS AND BACON. ..Prices are gradually declining, and'the ■' ' W'M© looks for further declines. The .price .-:-.i£ ' bams at Vancouver islßi centr." break- ... ■ -- bacon 19 cents.

\ TOtAXOBS. ' SvSiJr* attra «t«d the attention of potatoare nnntirt 01 ? , Mutant ■"«<»«• Burbanka irS ?"° tßd . delivered at a cost of 23 dollars Per ton, red varieties 21 dollars. " u " arß ONION* Prices are ranging fro , 18 dollars to 22 do lars per ton. CaUfornlan onions aro now being sought after Tor winter use. as Australian and New Zealand onions will bePrequired early in the new year. APPLES w& S&Vi* , Co ' «»hia the crop has been Si™ 1 p ? r ccnt - less tha n tho SlentifS? y< Amel :an apples are very atTvery low SOla 0U this Bido V ' CEMENT. , i.? nl <T , one , r a ! 8 in operation in Britlav C ft ml i '\ ro & ,cin « 1500 barrels per side'rcdTn w^t d Stat ?a article is con- ? ,« <£° . of . vor >Y l nfcrior quality, and to 3 dollnr^n tUat f 8 frOID 3 dollars 5 C6nt « Vancouver. Cents per barrel of 400lb * c * if ■ THE CROP PROSPECTS. [BT TJSLEGIUPH.—PRESS ASSOCIATION.] _, CHKISTCHUBCH, Tuesday. (K ™ complaint among grain morchanta is that there is nothing doing in the trade. nor do they expect that there will be any change for the better till after the new year. J.He crop prospects are now a matter of chief interest. There is apparently going to be an exceptionally good cereal crop, and the harvest will be late. The returns should oe above the average, and tho grain should D f. wol l 4 flll tf- Fine weather is now reQuired to bins tho grain to maturity. Hailstorms have done more damage, but tliese have fortunately not covered a wide area. Usually early barley and oats are cut about Christmas time, bat it does not appear as if there is anything ripe yet. on the light land on the plains oats aro only beginning to change colour, and the wet and oold weather of the past few days will further delay the ripening process.