COMMERCIAL.

New Zealand Herald, Volume XLIX, Issue 14924, 23 February 1912, Page 5

COMMERCIAL.

MARKET REVIEW.

BUSINESS RATHER. QUIET.

Tumi; is still a feeling of quietude wi general merchants, which is not expected continue very lonjr, as the Island boat « enliven matters early next week, and gene; kivinst will iliso •'''"' a^out " 10 same, tin Tho soft goods houses report steady bu ness, and active trade is being oxperienc , produce merchants and hardware hous< jjjijecd Oil: Cable just to hand notifies further small decline in the market, ai buyers would do well to cover their requti joints for prompt shipment. Kapok: This market still maintains high level, and there seems no prospect of decline in prices for this year. Rico: Although a considerable, advance tho Eastern markets for rice has taken plac 1 th) spot market has not yet responded, owi] to tho active competition. Brown Sago: Singapore, cable advices i port, steady market.. Stocks on spot a rather short. Ginger: Quotations for new season Japan pinner are on a fair level, and bnye are beginning to operate for Fobruary uhi meats. . Oocoannt: (.wins to tho scarcity i freight, shipments are two or three rribntl ■ behind, and supplies on the spot are vei short. Forward market still maintains high level. Salmon: The spot market, is firm in ton. and supplies available are meeting wit ready demand, and tiiero is a likelihood < a shortage before the next shipment arrive (V-am of Tartar: Good business is boiii done in cream of tartar to arrive, and stocl on hand are commanding enhanced prices. Jute Goods: Calcutta quotations gene ally remain firm, in sympathy with tho a< . vanco in jute, during the last few weeks. Potatoes: There is very little nlteratio in the position of the potato market Sufi cient are coming in to keep things goinf and the quality is giving satisfaction. Th price is £4 IS?. Onions are not. coming in so freely. Thi jj owing to the rain preventing them dryin off but as stocks in town are ample, th situation is practically the same as last wee I There are still inquiries coming in for ea port, which will have tho effect of kcepin the market fairly steady. The price is £9. Oats: The local market is still bare, unti the arrival of the Wanaka, which is now due A fair amount of business is passing. Th latest news from the South is to the effec that harvesting operations have been inter fered with by bad weather, and dcliverie have been delayed. In spite of the rain they have had of late in Australia, order ' are still coming forward from that country The local price is 3s Id for old white oats tad 2s lid for new. Chaff: Local is not coming in so freely; no doubt through the change in the weather and the arrivals from Blenheim last weel were smaller than usual- This has tendec towards steadying the market. The price o local is £4 15s, Southern £5 10s. Fowl wheat continues in good demand with fair stocks held here. The price i: firm at 4 s M. Maize: The Paeroa brought a small ship meat from the Coast, which was readily dis posed of. Owing to export demand, holders . are now asking 4s fxl. ex store. Bran is selling well at £5 12s 6d, ampk supplies being available. ; Pollard is still very scarce. The quotation ; is £7 10s. Flour: Northern roller flour's worth £10 I 15s per ton, and Southern £9 15s per ton locally. . Fungus: Dry lots are realising 4d, the quantity coming to hand being moderate. . Flax: Deliveries fare still on the light ride. London advices show practically very little change. There, is a limited business passing, but prices remain as they were. Th local quotations are £17 10s for g.f.a,q., £1 7 for f.a.q., and £15 10s for commonTow: Local buyers are still absorbing the bulk that is coming forward. Indian Tea: The offerings at tho Calcutta tea sales No. 29 amounted to 31.600 ' packages. Quality was of a somewhat mixed nature, containing many scrappy or stalky closing invoices; but also there were sorne"better liquoring teas from Assam, Darjoeling, and th? Dooars. The tone of the room generally was rather weaker than that shown of late, coupled with a great deal of irregularity. Thd feature of the sale was the strong buvirig of all black leal Pekoes and Orange Pekoes witn some make or shape bv the Gulf buyers, prices for such often marking half to threoquarter anna advance. Common black leaf tea* met a very fair inquiry, and closed perhaps one pie easier; but stalky ones, together with stalky mixed brokens", wore very difficult of sale, except at n low range of prices. Low medium and common black leaf brokens showed the weakest market, and such are quoted two to four pie easier. Darieelings with flavour were well competed for, and dusts were firmer to rather nearer. KAURI GUM MARKET. .-The arrivals for 22 days of February are 442 tons, showing an increase of 64 tons over tho_ quantity that was received for tho same period of last month, when the arrivals were 373 tons. The market continues fairly steady. Although sales have not been very «tensive, most of tho shippers have been . operating during tho week, and holdings in tha hands of brokers have not increased. There is still a scarcity of superior grades of ordinary gum, but prices aro practically the same, as buyers, who were operating- on limits, cannot give better prices than have been ruling for some time past. Palo select is scarce, and wanted. , Ordinary: Good rescraped continues in request, and there *ro buyers of inferior lots. Sorted superior three-quarter-scraped ordinary moves as li; comes forward, if holders are willing to accept late rates. Any 'increased demand stops business- Unsorted -ots of superior ordinary are also salable, and there are buyers of medium ordinary and extra well-cleaned washed nuts. There I » a slight demand for coated white nuts, I'ood swamp with heart in it is easilv disposed of, also poor white swamp. Medium swamp has been sellinar slightly better, but tn<! demand has evidently been satisfied. All these grades require to be dry. hast Coast: Good lines are selling. Any Jots containing garbs and poor bush are passed over. .1 Black: Good rescraped is selling readily, «so bold lumps thoroughly sound and wellcleaned, and there are buyers of sorted three- , qnartor-Bcraped steel, but unsorted blacks are quits neglected. The demand continues for ■medium black, which is wanted, bold and p«rd black nuts. Sales have been effected ' "J poor black nuts mixed with white swampy V v? Ut *'"° '"'l"' l ".' is not strong. iSiMh: The demand is principally for re•craped hush, pale and 'bold, and bold bled oush of good colour. Chips and Dust: All kinds of chips and oust are changing hands, with tho exception 'Sjji- y lofs of ordinary, and poor black wWliags containing fern root, etc. LONDON MARKETS. *J Telepapn.— Press Association.—Copyright. London*, February 21. , ' SILVER. Bi ''*er is quoted at 2s 3 1-ltd. TALLOW. 'J 1 .'! 16 tallow sales 628 casks were offered •»r£i sold. Mutton, Fine ,5s 6d, medium •*»M, Beef, fitio 34 3 g t ] > medium 325. PROPERTY SALES TO-DAY. ' Jsjjt?«S. Samuel Vaile and Sons will sell by auction a i/'-roomsu enrolling off miei 'Hymonc's-sireet, once known us llohi- ™* Private Hospital, together with nearly lai In rf° aua a " iliUl of l«»«d. par, of winch have » i e lju-n - ll is somewhat unique to heart* i ar Se clump of i ative bus.'i in the buiiHi, tht ' ci '- v - At trie same time two dl "8* in Karangahajic Una 1. wilt be S"aior removal, and •& building lots sit fronts 1 will l,e submitted. These lots m IB he mai " I - l! '" hoad, Ifuuraki Bead. S?«arere Koad. ;uui nil arc close to both, Tiii. puna Heath and tram. ivJl y -' at noon, Ml - J- Thornes will sell Sanction, at tho land sale rooms, Hi, gWO-atreet. in the estate of the late Mr. ftT«.rA„; ra! Properties, comprising three tonh° om «d house* in Brown-street. onSnS.°u n J neho]ii allotment 93ft by 99ft; by «$* house, six rooms, on section 6711 mi' adjoining the above; and cottage, ttrto* . m (m allotment 40ft to BrownlatTMr y T 99ft " Also - I" the estate of the of irf, "Ones, three allotments ami house oavinl 0( l ms - '" Stanley-street. Archhill, WO~ «/£ -. till frontage of 102fc by 135 ft; oil tnX* Jolninir ricw house of four rooms, Rl(to^ en . 47fl l " Stanley-street by 110 ft; C?, Avenue three splendid buHiness "W fit terminus of Grey Lynn trams: Colling. JllK(i cottage, on high side of '*il rn^ 00d " 5tro<,! - I'onsonby; residence of Tutan«ff- . on allotment 45ft by 140 ft, in '•'ttJSJai «' tt i eel - City; two dwellings for »;,< Tai « Cook-street, oitv. * ; WAKGAXL'I RAil FAIR. T TKLHcsArn.—press ASSOCIATION.] ijv M'ANUANUI, Thursday. >*i» hsid d ? y of th ° Wanganui ram fair ' S?Wtd th^T ll7 - Lincoln Bheep only were **« linl . d , emj md being moderate, though l@w|-a.S 0l(1 vpr >* well. W. 11. Wybourne's HRfc»^! Bet },. £16 6 « W- th highest i^-ce *$&**?* J il!i , flack ' averaged £6 lis 6d. KM . p»s a<, « £4 16s 6d, and l^ethbridge 8 - • «omaey» will be sold to-morrow.