COMMERCIAL.

New Zealand Herald, Volume L, Issue 15262, 28 March 1913, Page 5

COMMERCIAL.

W MARKET REPORT. : ;:>f - FOLLOWS holiday;' ' ISvGs**sti» business has continued..on a 'heavy 1 ■J'-msml* rfurin« the last few days, the interrupt pßlto ' the holidays having caused, an ' • of orders in the wholesale W" well 28 in. the . deliveries from #£skiW tide. Naturally these cannot be BWpl off in a few days, in addition to fK ibh ftesh business induced by booking .forISwwfr f«f next month's account, so that, V tsfoB 1 ** . altogether, - the conditions . have |bf fjfllfc unexpectedly active. In the hardware f#ii||ft::ihe retail turnover is still the chief gf jtlfSr",' wholesale - • transactions -being ' rejf% by the smaller building that is going J; ■ 08. •" . r " '■ ; reduce J Unusually large shipments have arrived during the last few days, and nearly . . . all lines are now in full supply. IllSllaisa: Heavy shipments have arrived to a market which baa . boen comparatively fa* for. some time. The demand has, thereI tm, been able to absorb far more than ooald otherwise have been taken up, but it f|| artery evident that the general demand for this grain has fallen off considerably, as > compared with former yeoirs, and it does noJ* much now to glut the market. v mm JPotatoes: - . Fairly ;, substantial lots of KlttW(fr«rown' have arrived, and the Southern pt? r fc**» also come forward more freely, so that if, th* market . is now better 'supplied, s, Growers ia Canterbury .are. harder to. deal with now, ;; M Australian . orders are . expected' at any ' This prospect- has firmed the market Sooth, while locally th& prioe may be feei)Sßn:as £7 ' 15s ■ to £8 'ex' "store for prime So far the quahty of Southern - wj£»einta to hand has been, satisfactory, jifitey little blight has been seen this year, !%?iy&?p»»ent indications point to a possifcflitf export to Australia with very little HE""' - ■;' : ■ Oats: The position shows very little The Southland crop is coming in, aaeir - the. yield is turning out light the ,* ; Isnaars axe firm in. their ideas of price. fS:v-wiihrtbe possibility of export to Australia, tin market seems mote likely to advance i| tiun '-'decline. The local market is moder- • m • atilly supplied, and with a good demand the teepa at 3s ex store. . . . ill > lTW»at:' Not very much business is passIf: iag in milling wheat. • Growers realise the .Imposition, and are asking full- rates, but -|il|jßlilers.. .are inclined to hold off for the ptesent. r jlWilbwl wheat is in good demand, and in a X |n» . market • good sales have been made in |v;2(i»9«it arrivals from the South, the general -15notation being.4a 6d,ex store. . , gSliißiin is firm at £5 ex store, with a deattnd expected from Australia Local stocks I|lpM*.low, and . the consignments to hand g||»»et'a ready sale. y:CY, : YY: ■ is also meeting an increased' de-;&-S«(wd, and with stodu tar from heavy the remains firm at £6 10s ex store. ' Owens: The. market is now well supplied wiffc regular . shipments ' of " Southern, in mßticn to several small' lots of : looaL UiYQaittitJ continues excellent, and price re* at 6d ex store. HMpUi ' Canterbury ia now quoting for pp toward• ■ delivery, •, but it' is difficult to get :V':':A«ps at present,' and with only small sup* aits of local the market has become rather tttt. ■ There si plenty of local offering ; for forward delivery, but in the meantime the was holds at £o lOser store for local, and - fog Southern. .. . 1 f - 1 -.Hardware; % American advices all jpoint to Hghex priaes for barbed and . plain wire, wire nails. - Axe '-Handles; ; - Local ' stocks are ■ rather ■low. ftttore ahipmenta will, be landed at a higher price, T' partly owing to the advance L,v'r'ia freights, and also because the few makers I' who ware ■; sailing for shipment • from New fiv York's* lower figures have ; now advanced their prises, so that all suppliers are now % about tits same level g; . Cotton Seed' Oil: The market is easier. pgr; Mustard : > A eaUegram from London adH:- _ vises that Cohnan's mustard is to be ad-ip-Y vanced by, id per lb from the beginning of. Is- April. •; : I • .Hams and Baecn: vjThe scareily have ! £&%£! i qooiatSona Thcare is' al«> a «»suftnty of lard ? and other earned jug products. - In ' fact, it difficult io fill orders, fox- any kind of ftnvtori meats. : ' * I - V m Pearl Barley: Supplies barky.suitable %■ for pearling are rainer.Jigbt, ana wporta- ; have taken plaoa fcom England ,at - favourable rates.- •• '•.•.,• •$■ ■ v,• . .• lima Bean*: 3%esd are mcreasmg uL.dein spite "of' tbd high; rrice as comK ? :_seisea with Jiarioota, 1 ::' , >Canned Vegetables: Supplies are ■.•-.very. short'- this year, a* New Zealand packers if' have been to put up the ,usual f: quantity on.aocoont of the insufficiency .of "Mlft. labour. t) This ' ismost ; marked. in m-f pfa# and ' tomatoes, which are growing more lip popular every • >cax> and are commanding a heavy trade agunst the imported article.v . Itax: Lstert advices from London con§h&firm the '. rafcrt that :' buyer* -have oeased - ; .'. : operating, ; fee position vlodally is that merahants lave : been forced ' to -a certain aptept to lay in the open jmsxket, aa they have had-to make up nufficient for ship.t»Which ;thqr were { committed' this %fiS month, filers : being- generally behind in mtTMrimik' This has practically trashed f.IV ; ' the ioc*! price above the parity ox London TahieS wneresa next month- there will be no nfiimaty to make these purchases. and jaw' normal conditions -will rule. It only i'V'-'" mpqi had been '.'able. to: keep pace with TtlHir'. contracts, ; it would have been moire ; - Cgfianctory for all concerned- In this oon-* 7. JpOD it is;'of . interest to note that shipI t ■ <4MniS -'of Manila hemp from the Philippines : '.If^'incraased' - from. 118,494 tens in % 1911 to mitotai*--tons:• in 1912. ".'v V';:; ; Ceylon Tea: . 'Ilie Colombo . auctions : of Wthe 25th ult were slightly larger than last, *jU2S 76t > i being ■? ; the »' ; total - catalogued. l j:Y-~ The selection was very useful, while quality in some instances showed improvement. j&j-.He:' strong demand of the past few weeks! ]i:"- 'was 'again noticeable, and practically. all ' pad** were well competed for. Common foaf teaa advanced another oent, while the kens of this' glide' were strongly supported' sit last ' prioca. -' Medium leaf teas i also, in more demand, and remained : 'fcljljr also, in more demand, sellers favour, firm. Brokena were in sellers' favour, r^liid; the B.OJP.'s with appearanoe were ton 'to- 'dearer. ' • The better descriptions commanded most attention,': and all good rr imuoring sorts , sold . at very , full pnoes. i;®-:'WHpre improvement in quaKty was notion tenable advances of three io : four oents were realised 8.0.P.'s of the ' leafy, tippy descfiption sold at about last prices. Orange & Pekoes of all grades were firm, and the same jpl remark applies to dusts and fannings. -, ! Fungus: Consignments coming to hand not heavy. For good dry lot* 4Jd is obtainable. •,' ..... ; v -. ' KAURI GUM MARKET. K- " market remains practically unchanged, feiJ.-tajfaa lines, excepting where the quantity J' of eartfi ' is exoossive, are .'in . fair demand. • r The butlc of the consignments coming for- : Want stfU consists chiefly of low grade gum ' , ttd darjc chips and dust. select is in demand, but in short - : *V binary: Besoraped, if well got up, ?:& commands a ready sale, and inferior parcels also moving off at la to rebis; but when are' increased mer;hans decline ; do business. Medium ordinary and extra ®%wWeaned washed nuts are wanted. ||wlß%k:' The market is slightly easier, and if£:¥uppen are cot so keen -on buying. ■ Good '»wcrap«d still meets with fair demand, but "wortod blades have oased slightly. Medium &a r - <>4|k and hard black nuts are salable if raWßtghlmdry. ' • v fiusb is in fair demand, the supply during iMpait week being on the light siao. •■f J ; _Cnips and dust, if free from earth, move <R_freely. Consignments containing earth ■M ■ V**} move off at low rates. • tefi T HB LONDON MARKETS. Bi^Telegraph.— Press Association.— |K>. rpf[, ' Lowdok, March 26. WHEAT. ~ . . v , market is firm and quiet. pj WM'* .' ' ■ .; METALS. E^f^s°B lfcr: Spot, £64- 12s 6d;. three months, ffili sffll»ts. 6d Electrolytio, £69. fy- CTl^'"' 6 Spot, £214- 10s; three months, I Spot, £16 2s 6d. " quoted at 2a 2|d. - ZEALAND .DRUG'' COMPANY. association.] | | Do»3qmn, Thursday. ' w-kdMbt ■ annual meeting 'of the New Zealand was held; to-day, when the * per oent dividead« .ab<fc> b: P: i >The amount carried : forward

BANK OP * AUSTRALASIA. By Telegraph,—Press Association.—Copyright. London, March 26. The Bank of Australasia report shows deposits amounting to £17,906,492, cash and soecuritieg totalling £7,321,274, and bills amounting <*> £17,225,792. PROPERTY SALES. Messrs. T. Mandeno Jackson will sell two properties at «heir rooms, Customs Street East, at eleven o'clock to day. One is at Pohokura, 32 miles from Stratford, on the To Koura line. It is a farm of 1917 acres, ' and is good sheep and cattle country. Some 1450 acres are in grass, and all fenced into 1 32 sheep-proof paddocks, together with men's hut ana dip, two miles and a-half from railway station. The other is at Ipuwhakatara, five miles from, the Thames, and is a valuable unimproved block of 1000 aores, all undulating to hilly country, well! watered by crook, and all in heavy mixed bush. > Messrs. Harris Brothers are holding a land sale to-day at their auction rooms, Durham Street East ac 2 p.m., when the Mountain View Estate, Mornmgside. will be submitted for sale. It consists of six building allotments on Western Springs Road, one of 1 whioh contains a seven-roomed residence. The estate lies high, with magnificent views iof the Mount Albert district, and is close |to trams and school. They are also offering r. four-roo«»ed cotfcagja in Haslett Street, I Eden Terrace, which is almost new, , and in ! perfect order. „

AUSTRALIAN PRODUCE MARKETS. By, Telegraph.— Association.—Copyright

{Received March 27. 9.55 p.m.)

Sydney, March 27. Wheat, 3s 6id to 3s 73d; flour, £8 15s; oars, Tasmanian, Sparrowbills, 3s to 3s Id, Algerian 2s lOd to 3s, Giants, 3s to 36 Id; barley, Cape, feeding, 4s; maize, 4s 6d to 4s 9d; bran, £5 10s; - pollard, £5 15s; potatoes, Tasmanians, £9 15s; onions, Victorian, £8 to £8 10s; New Zealand, £7 ss;. butter, selected • 108s. good 102s to 104s; cheese, 6jfd to 7d; bacon, 9£d.

. Adelaide, March 27. Wheat, ;3s <id to 3s 8d; flour, £8 to £8 5s j, bran and pollard, £5 15s; oats, 2a 2d. ! Melbourne, March 27. There were no hides sales this week.