COMMERCIAL.

New Zealand Herald, Volume XLIX, Issue 15055, 26 July 1912, Page 5

COMMERCIAL.

M, > > r*, * r , m ■ ~ ■■■■ y\\ ] * V ■..' \ . '• ■■■■■■ I ' : )[ MARKET REVIEW. '£ >* BUSINESS ONLY NORMAL. t ' . to* continued dullness of trade still exists, ' 'zS since our last report business has been ,-! ■V>A 51U Wo ara experiencing a much i ' Sr" period tins winter than has existed glome considerable time due, no doubt '£'£ unsettled state of .flairs abroad ' " ,«dIT Merchants do not anticipate any '- . 'Sodiato change until the end of next ZZih Soft goods houses report little or « change! and are handling very little ' . Susiuoss at the present time. Hardware Jousesaronot so busy, but orders coming to hand keep them fairly well going. Proio merchants do not rind business over ■ ■£. and passing -busings is on the light : ' '"prunes: Tim prune maiket is strong, in ". roD90 qu«oo of the keen demand from Franco, where live crop is expected to be . ver short. The crop, a? tar as quality is concerned, promise* f«irly well, hit. owing \ 0 vnfavourablo weather auditions, it is , ■, reeled that tho fruit will run to small ' ■'■ '■'■'■■ American Dried Fruits: From advices re- .: '■ toyed it is impossible at present to forecast ''■'market .owins to the uncertainty of tho 'European demand, but suppliers anticipate that prices aw move likely to advance than decline. Currants: Oid stocks will 1«? cleaned up ■' >"before tho arrival of new crop, and prices -.are likely to advance in sympathy. ' ■ Suham» 3: Cable just received notifies that fho itarket has firmed up considerably, and ':" ■we think buyers would do well to place their requirements at tho present time. pig Iron: High prices aro still maintained for tho well-known brands of Summaries, Oarron, and Glengarnock; and &up- ¥ plies aro likely to be short on this account. - "finpiatos: Tho market prices are well maintained, and manufacturers nro experiencing great difficulty in fulfilling their [..--. orders promptly. ■ _ . " Kanok- Cables to hand notify that busi- ' ' ness has been passing on current quotations, L- ana market is extremely firm, with upward :■ • tendency. Values are expected to rule- still ' higher for new season's crop. - Cotton Market: Dull, with little bust--1 2,6*3 passing. Continued ranis in tno cotton • belt, and floods have inundated miles ami miles of country, and it is generally re- ■...■ ■corted that the crop will be .at least a r month or six weeks late, and. m addition, ' '■■ would onlv be small, sellers anticipating that ; . prices will remain on the present basis for the next few months. .' Potatoes: This market, is very bare of ■ stocks The Monowai brought shipments from Canterbury, but these will soon be exhausted. The Eakanoa and the Wanaka mo now on their way from the Jhuit and Southern ports. Tho shipments by these,, '; two steamers, according to reports, arc not heavy, and it would appear that the market ill bo in short supply for some time. Iho Southern market is very strong. Orders aro still coming in from Australia. So far there has been very little trouble in landing ; shipments in Sydney. The price is £7 10s. Onions: Reports from Christchurch inform us that stocks there are practically V exhausted. Prices in Melbourne are very high, Thero is a small quantity of Japanese - onions coming forward, but in all probability - ; merchants will find it better business to sell :in Australia. There is no doubt that there will be a shortage until the San Francisco onions arrive, the first shipment of which is due at tho end of August. Picked-over f onions are now selling at £16. Oats: Tho market has an easier tone, hut there is very little business passing. Arrivals from tho South are light, as merchants store stocks are sufficient for the small demand. Price, 2s lOd. Chaff: Stocks of both local and Southern are heavy, but the demand continues fairly good at £5 10a for local, and £6 for : : Southern. ' Fov?l Wheat: The market has nob. changed :to any great extent There is a very good 1 .demand, and stocks aro sufficient to meet requirements. The price is 4s 6d. ' Maize is still very scarce. A few ship- ., ments have arrived from th& coast, amongst which there was a little new season, which sold slightly under the price of old season. Trie ex store quotation is 5s 6d. Bran: A further drop of 5s per ton has • hi'en notified, and the price now is £5 10s. Good stocks are held here. ■Pollard: There is ample supply on hand, • and tho price has also been reduced 5s per Hon. Present quotation 13 £6 15s. .Flour: Tho market remains unchanged, and prices are still firm at £9 15s for •Southern, and £11 for local. • Fungus: Dry lots are realising 4d, but wry little is coming forward. : Flax: Deliveries. are extremely light. •The London market is still improving, and * "the prices are now g.f.a.q £20 ss, f.a.q. £18 15s, and common £17. - Tow: Any small lots arriving are readily ■taken over by local manufacturers. Indian Tea.: The offerings at the Calcutta tea eales No. 3 totalled 14,927 packages. Of ' this quantity sbmo 2317 packages were with- *- drawn under bid, or did not arrive in time. The rest sold, 12,b10 packages passing the hammer. Offerings comprised a bettor seleciiinfrom Assam, also a few good liquoring invoices from Dooarsi, but Darjeelini? quality "lri most cases showed a considerable fall in off. There was a good demand at about pre vi • ous rate 3 for all grades except Darjeeling growths, which, owing to the falling .'way in quality, uid not receive much support. KAURI GUM MARKET. : The arrivals for the 25 days of July aro 397 tons, showing a decrease of 74 tons, in comparison with tho same period of Juno, when the quantity that, reached hero was 471 tons. The market has undergone' very j ; tie change since our last report. There ,;, ::''■;■ a fair inquiry for most of the grades of i -1 he different classes, but prices are not quite to firm as some of them. Black gum, taking it.all round, has an easier tone. : . : Palo select is salable, but in short supply. Ordinary: Good re-scraped is still wanted, and sells well, while there is a fair demand for inferior lots. Tho inquiry for sorted superior three-quarter-scrap,.d "ordinary is not keen. The prices, however, have undergone very little change. Unsorted superior continues* salable. Medium ordinary and extra well cleaned washed nuts sell readilv. Coated washed nuts are also salable. Thro js a fair demand for good swamp ,vith heart in it, medium swamp and poor white swamp » in good condition. ' - East Coast is only coming in slowly. There la fair competition for good lots. Black: Good roscraiwd and bold b.nirw thoroughly sound and well cleaned ire in request. The inquiry for sorted three-cmar-tor-scraped steel is not general, and .uiwted shacks are entirely neglected. Medium ;backs are still moving off, as are also hard black nuts end poor black nuts mixed v.itJi ■white swampy nuts. Bush: The principal demand is for hold rescraped of good , :iJ i 0 ,, r am \ pn!(1 , ~, , ,™ bush. Other grades of bush are -till -oil jag. Chips and Dm!;: All kind* of chips and . .dust are meeting with a readv sale vvi'i the exception of diners' chip* ami ( ,„, containing earth, and black riddling with fern root, etc., in them. »-•"■■«

LONDON WOOL SALES. ©7 Telegraph.—Press Association.—Copyright. Lovno.v, -Tilly 24. At the wool sales to-day best merino •rcools were in strong demand at recent rates. Shabby crossbmls found occasional buyers. (Received July 25, 10. n.in.i London, July 25. The following prices were realised yesterday for tho fleece portions of "the dips named: —Santoft, top 10H, average BJdj Ngaio, top lid, average li'.d ; "Upoot, top lid, average 9£d. Messrs. Dalgety and Company, Limited, have received tho following cable from their Loudon office, under date 24th iiist.: — * "Wool .--ales continue. Prices arc somewhat easier. American wool buyers show less eagerness."