COMMERCIAL.

New Zealand Herald, Volume XLIX, Issue 14934, 6 March 1912, Page 5

COMMERCIAL.

|r —*— market report, Hft I ii'O'v • . r * SIS-: GENERAL firm IN TONE. -— "> HP®'?. r f ''DjOTBIBTTTINti business has been active, a llllffifeood .volume of orders being received on opening of tho mouth. The markets are £ , 'generally firm in tone, in sympathy with S |Jhigh prices abroad. Soft goods houses ro- * port, a continuance of rather dull business ' owing to tho very unseasonable weather. Illiil' v Hildur» Apricots: So far the pack has not been complete at Mildura, but latest ad- , trices are to tho effect that it is turning out tfllllf ihortor than anticipated. Sultanas: In view of th© fact that iftSlf Smyrna sultanas are exhausted, and that llrafeffo new fruit can reach this market from the Mediterranean until November, ilt'i buyers would do well to - cover a por- ** V* - tion of their requirements with Mildura ' fruit even at the high prices ruling. Cream of Tartar: Cables to hand .notify 'it- f that this market has firmed up, and that * ' higher prices will rule for shipments until |1 b 1 the end of tho year. ' Tinplates: Owing to tho coal strikes at, !• ' Home the tinplat© market is very unsettled, •'«< and sellers aro asking increased prices for forward shipments. Linseed Oil: From advices received ven- !' "f ' dors anticipate that the present prices are juore likely to advance than decline. Sardines: Higher prices still continue to t ' rule for all classes, and wo do not think ' " j that there is very much possibility of a II V* decline for some time to come- ' * Candles: "Well-known brands are now quoted on a favourable basis, and good C'business has boon put through for delivery , during the winter months. j. Canary Seed: Market is firm, with up,.>;o■ tendency. Stocks on spot are rather ' low and are commanding enhanced prices, lillilfe Salmon: Good inquiry locally, and most I ' grades are in short supply. | 'it Potatoes: Locals are still coming in freely i : and keeping the market well supplied. 'V' / Since oilr last report we have had very few .Southern consignments, us they are still a i hit on the green side. The price for locaLs , £4 15s, and Southerns £5 10s. . Onions: The market is still bare and the wfiV, demand is greater than th© supply. There -h* " - have been no shipments from South since, * our last report, but th* first, shipment is f'rli! v expected nest week. Tho price for locals is ■ £10. ■ 1 Oats: The market this week is short, and only small shipments from the South have Imftlil i' come forward. The Clan Ogilvy is duo here at the, end of this week and the Wanaka early next week, both having good consignllll' ments. Until their arrival tho market will .be poorly supplied. The demand is good 1 wild price firm at 2s lid. The demand for li l|g Algerians has started, and any good lines 4 * -He «« easily disposed of. Price for New Zea|3 land is 3s 6d. There are a few Australians V ' •>., still on the market, prior. 4s. . r.-K Chaff: The wet weather has decidedly ft r ' .' stotinod delivery of local chaff, but the > .iff stocks in town aro still fair. Blenheim still - ' continues to come forward each steamer. 'The demand for both local and Blenheim ifi" continues- The price for local is £* 15s, iliiip||l*nd Southern £5 10s. Fowl Wheat: The stocks in town are ''t kikJit fairly large, with good demand. The first shipment of new wheat is expected in the j jr H Clan Ogilvy, but will bo risky to handle. gpPSffttihtt price for old is 4s 6d, and for new 4s 4d. ■ Mail®: The arrivals since our last report consist of 212 sacks .ex the Chelmsford on * Mcmda* last, and same were easily disposed • ' •.* of. ' The price remains firm at 4s (id ex 1 • store, but the demand has cased somewhat J owing to the high price. Bran: Stocks in tovm are plentiful, with V good demand. Th© nrice is £5 12s 6d. , - - • Pollard is still scarce, and the supply is - > not nearly sufficient to - meet demands, i'' Price mmains firm at £7 10s. Flax continues to arrive, but only in . small quantities London advices show a ' flight ctocline. and this has cased the price kwallv. Local quotations are £17 5s for . g.f.a.q., £16 15s for f.a.q, and £15 5s for |||common. , Ton: Consignments coming farward are M Still'absorbed by tho local buyers. - Bides: Market firm, with good competi- . 1. i/cs for ail. classes. * Skins: Market firm, with keen competiv«on. ' Tallow: Market firm at late prices. WISI Ceylon Tea: At the Colombo sale of the ' :.<?! 6th tilt, tho offerings were a little smaller V than at the previous sale, 1,202,5311b being /':£•* the total quantity catalogued. The selection was again rather poor, while quality i', - ; remained about the same. A strong de- . mand existed throughout the sale for all ; teas, good liquoring Pekoes being distinctly ! v :. dearer. Tippy ' teas ' were' very scarce, S«M*qnality was good, and in consequence high »%J||y"prieea..were paid; many advances oh last $$$$$.week's rates were noticeable. Medium tea 'Y& both leaf and brokens. were firm; all buyers , were in the market for this class, the Ruswm sians being th© largest supporters of the leal <grades. Common teas . were fairly t plentiful both grades were in strong demand and scmained fully firm. Fungus: Small consignments are still coml ing forward, and tho price for good dry - lots is still the same, vis., 4d, for which ; there, is a steady demandKAURI gum: market. PllThe' arrivals for the four days of March i are 75 tons, showing an increase of 44 tons for the three days of February, when the 1 ' 'arrivals were 31 tons- There is a continu- : ance of steady business, and shippers are : operating, though not extensively, all round. Brokers are not holding any large stocks. Th© scarcity of superior grades of • ordinary gum is still noticeable, but buyers t' will not materially increase their price, as their working limits will not permit them to do so. Pale select, is still scarce, although the ' • ■.•'p*-• demand is good. , . . ... ; Ordinary: Good re-scraped is in fair de;j f* mand, with buyers of inferior lots. 11 jJ Sorted superior three-quarter-scraped or- ? dinary meets with a ready sale at previous Vr/!, quotations. Unsorted lots of superior ordinary and of medium ordinary and extra ••'well-cleaned washed nuts meet with fairly - .. ready sale. Good swamp with heart in it and poor white swamp are salable, although , medium does not meet with any ready deil|||aand. ' '-t" J -^ st Coast: Small quantities are only ' coming forward, although the demand is still good. Lots containing bush and garbs ; ,{*/' are turned down, and aro practically unsalable at late prices. , t.v~' '/ Black: Good re-scraped meets with steady .J. sale. Bold lumps, thoroughly sound and s ;•" we H cleaned, are also meeting with ready sale, but only medium supply. There are }\ | 1 buyers of sorted thtor-scraped steel, ||!|f|!;|; but unsorted blacks 'do not meet; with such i .ready, disposal. The demand for medium t *'/ black and 'bold hard nuts still continues. ' • " > Poor black nuts, mixed with whit© swampy ' , nuts, for which there aro inquiries, are still '«r "it coming to ht.nd, and prices remain the same. f Bush: The demand for re-scraped bush. fjMfr We and bold, and bold bled bush of good i' colour still continues, but thero is a conpjSV,-.- tinned shortage on the market. ? «V'V v . Chips and dust of all grades still continue ' /'• to meet with a fairly ready sale, but prices remain the same. Any lots containing : , earth, and poor black riddlinps containing \l' fern root are not easily disposed of.

lilfeK, '■ LONDON MARKETS. LONDON MARKETS. By Telegraph.Press Association.—Copyright. IP*; (Received March 5, 10.15 p.m.) • : - Loxuos, March 5. ||||&,, MEAT SHIPMENTS. March 5. - MEAT SHIPMENTS. Argentine shipments: Mutton. 221,873 .. 4 1 caße »; lamb, 73,780 quarters; frozen beef, p,," *22>250 carcases; chilled, 148,510 carcases. '' *"• "• WHEAT. Rff'l v jyheit; The Australian cargo of wheat J told at 57s lid. 1 SILVER Mi|v t ; 'jßiiT e is quoted at 2s 3d. Ifvfen' MEAT MARKETS. t BT T£:LE(;riJ - r a.—rßjsss ASSOCUIXOS.] Stwiit' 1 * ' ' ', CHRISTCHtraCH, Tuesday ' . Thft British-New Zealand Meat Company \|M «*«, received the following cablegram from »/,f# sf'B ( *?fti--Mutton: Canterbury, 4d to 4Jd; , l iK Island. .'J to 3Jd. Lamb: Canterbury, I'.'%! liorth Island, s«d. Beef: Hinds, 4d; G RAIN MARKET. TELEGRArx—rRESS ASSOCIATION.] . CHaiBXCHTOCH, Tuesday. lc S a l* wheat market keeps firm and KIISTCHURCH GRAIN MARKET all T TELECRArx —rRESS ASSOCIATION.] CHttISTCHUBCH, Tuesday, local wheat market keeps firm and . there being a (rood demand for all i^Bill^Wi.r" con ? ltiono d. lots thut are offered. The -In harvest und threshing that king place through broken weather ? n 5 growers who have successfully Sims! 1 th»ir grain in sacks to ask ,a »(»«, and ia order to secure supplies

buyers have had to make some advance in their price®. (Several sales have been reported at 3s 5d at country stations, for prims lines in good condition. Oats are maintaining their value well, in spite of the withdrawal of Australian buyers. up to 2s, at country stations, is still being paid for "A" grade Oartons, and duns have sold up to Is lid. Th© r.ain of the past week has caused a further delay in harvesting, threshing, and delivering the grain. Prime malting barley still meets with a good demand. There is a difference of fully Is per bushel in tho price of malting barley, the range being about 4a to ss. The latter pric#, it is reported, has been paid for one or two extra prime large lines from well-known growers. Grass seed is rather firmer on account of the unfavourable reports of the crop in Southland. where the continued wet weather has prevented it from being saved. PROPERTY SALES. At auction yesterday Mr. J. Jones, auctioneer, sold a property in Wellington-street for £840. Messrs. Smith and Haleombo will offer for sale by public auction to-day at noon, on the, ground, prior to sale of furniture, a very desirable residence of six room* aTid section 90 by 231. situated in Coronation Road, Epsom, in th© estate of G. O. Waby, deceased. LAMBS FOR LONDON MARKET. PENS FROM THIS WAIXATO. [M TELEGRAPH — CORIIKSrOJfDBXT.) HAMILTON-. Tuesday. The secretary of the Waikato Agricultural and Pastoral Association has received the following letter from Mr. H. J. Stringer, secretary of the Auckland Farmers' Freezing Company:—"Wo have pleasure in handing you herewith th© report and result of the judging of the 50 lambs sent to London from your November show; also account sales for same. Both the report and account sales are very gratifying, the only causo for regret being the small quantity of lambs available for freezing. Referring to tho 50 prize Jambs, and on which you wished us to resort as to suitability for the London market, we have pleasure in infonniug yon that they turned out a very choice parcel of lambs indeed, and superior to those sent in previous years. Th© dressing and general appearance was all that could be desired, and the lambs arrived in splendid condition, protected as they were by the hessian bags. We had considerable difficulty in awarding the first prize, for pens 1199, 1202. and 1203 were so close in every respect that it was difficult to choose between them. After carefully examining them from every point, it was finally decided to award first prize to pen 1205. second to pen 1202, and third to pen 1199. On the whole you aro to be congratulated on th© shipment, and It is evident that each year snows a marked improvement in your stock- If you oould only shin lines of lambs like the above lots, you would easily take first place as far as North Island lambs are concerned." The following are the owners of th© pens referred t0:—1199, A. Loriie: 1203. Goodwin Bros.: 1200. A Lorie: 1201, F. E. Ross: 1201. Goodwin Bros.; 1205, W. Chitty; 1206, W. Chittj:: 1207. R. F. Bollard: 1208. A. J. Melville. The amount realised from the sal© of the lambs was £40 9s. and charges amounted to £2 Ids. tho not proceeds being £-37 13s.