COMMERCIAL.

New Zealand Herald, Volume L, Issue 15307, 21 May 1913, Page 5

COMMERCIAL.

MARKET REVIEW. ?fc : -'."> ■'■""..' •■.■■"• - ■.■'.■'"'.. ■'. • ; , ■■;-.■- f'::" ; : ~.:;.-• ■ ' ■'■.••.■.■'-:• fe':.' '"' : -'' 1 - ' ■.'''• ■, " - --..- . ■■'■'"■ ' ' ■:.;' " ' : i ■'• | GENERAL MERCJHANTt'S BUSY. i2><»-.':-.- : . ' ~ : - " " ■ ''..'■ ....•■. '.- .'"' $'}.' A; GO'»D turnover is reported by general &''.'•■ merchants, with heavy arrivals by oversea {. vessels, and good sales pi many lines have J- : been made- for delivery from ship's side. >:- The two Island steamers this week have • vi :. loaded the usual assortment of produce and |i.~ sundries. Business for the Islands lately, | however, has to a certain extent been rest stricted by the disorganisation of trade £ .' through the disastrous hurricanes of a few |> months ago. Drapery continues active, the |-| wholesale keeping busy on account of book-. | ing for next month. Retail keeps good, p: with a continued demand for winter specialities. , Hardware is fairly ; active in ..- . the Tctail, but th* wholesale, is rather jjjj' quiet. _ ■''-■•'•'■■ _•'■-." '." : V '.; : '-'-.' '"".'.■'•"" |] Potatoes:" - The Navua, Wanaka, and f?V Maitai have all brought-shipments of potap toes, so that the local market is to-day rather over-supplied. However, the de- ,-'■ _ mand is very good, arid steady sales are r|| - .reported at £6 5s ex store, in the South it ij,;:- appears that the market is not at all upset ;,-; by the prospect of no business eventuating VI: • with Australia. The yield is reported to k'. oe rather lighter than was expected, and as i: the floods have done more damage than -';. was previously estimated it is now thought [r/v - that the price will not ' fall much lower, f e even if Australia.does not draw from us, %..: ' whereas if a demand springs up the price 10"'.. will rise at once. ■ i/ r . Seed Potatoes : A limited demand has set £■:'■?'. ,sn." -■ . '••' >-• .■■■•';.■:'.';.;;.,,.-; - •-.--■:;' '.>.•/■ < i;. Onions Ample supplies, have arrived from the South, but these are working off :,;-,: well, with a good demand at £9 10s ex store. Merchants -are in close touch with ' Australia, with -a view to drawing supplies from Melbourne as soon as the locally ■ u :-:-.■' . grown are. reduced to smaller stocks. A K small lot ha» already arrived. [ Oats: .Stocks are now rather heavy, on '- ; account of tho large shipments to hand ; ;. during ■ tbo last ;< few , days. Demand keeps •; good, and sales are made at 3s 3d ex store for good feed. Southland crops -must be ' ; very light this season, for at the present - - : time offerings from the Bluff are very small .'indeed. This is "a most unusual feature in \ . the oat trade, for at this time of the year th« Bluff .is usually shipping very largo >-;;:. .quantities to Northern ports. The market ~ remains very.firm. ' •,. - ■ • ;; Seed Oats: Algerian are in demand, and ■■■:■; en inquiry has already commenced for i Gartons. ■■'■■;' ,". / " •'. ; ■'■c ..'■;. Fowl Wheat: The. market remains firm, ;; with a good demand ''at''. 4s 6d ex store. V .Flour: Good sales are reported. : Bran: •• Moderate stocks are • available. '' ;t Demand is; unusually good at. present, the •'.;:' extra demand at this time -of the year being increased this season; by the : Scarcity S: of , green feed. - : Quotation is :£5. 5s ex ■\; ! /;'.$tore.''';'V;.j;' ; v ".; : ■.-;^.\-.' ; ', •..■;•■'. ■■'■/.;.',' .':.. : ;;:'...' Pollard: Stocks are exceptionally small, ;.v the ■ advance in price not ? having curtailed . '- -» the -sale. -Millers- have been unable to , accumulate any quantity, arid the shipment -" .- of 595 'sacks by the -Maheno . was consequently very 1 welcome,, being readily dis- . tributed in a bare market. Price remains .?-,; at £6 15s ex l storey; \ »' •' ; Maize: Supplies' have been very small • » i '. lately. Demand SisS not particularly good, and stocks .in store have been sufficient to meet all; : ; calls. The Fiji maize iis being .. • also used to keep the market going. > :" . Chaff is very* firm, and good sales are ?; ; i reported at £5 -15s for local and £6 5s to .•-' £6 lOsj for Southern ex store. ,v; i-. Milk: The scarcity of fresh milk has brought an unusual demand for the pre- < served article. The bulk of -the trade is ] now in New Zealand tinned milk, but small , quantities are still imported. Sardines: Prices are likely to advance ; still. further: Owing to the partial failure of tho : season's catch some of ~± the Portuyv.f guese brands are already unobtainable.:'': • v '■-.--t:-„ Fruits: , Canned fruits have been in ; in.4 creased demand lately. Locally canned pie y.:x •- ; fruits „are : meeting a. good ■% inquiry, but • -\ v" smaller; quantities were put up this season, and supplies will soon be exhausted, throw- -.:■ •■■•' : nig:'the;demand ■on - J American . : packing for the rest of ; the : year. Pineapples are in 'i ~ good demand, the lower \. cost : this-year , assisting in the sale. :-i ' : --, Honey :i.Only.^small quantities are coining on the- market this year. - -• » Beeswax: Fair quantities-are offering at t ; v about last season's quotation. . -' !; ' _ Iroh:>A slightly^ easier tendency is noticed .:•-:'■. Jui the market, and galvanised iron is quoted y _ about"l(te per ton lower. ;■ / ; ; i ■; . * Tow: Continued.;" complaints come from London regarding the poor quality of the lower grades : -lately-; shipped, ';■ the result \ being that No.;. 3 grade .> has become almost - - unsalable.!, there -^ being at ;■ present • a much ; ; wider margin of value between No. 3 and : : • the higher qualities than, is , usually seen. j Exactly the. same thing has happened as in j flax,r).where'j the ;■'. fall-; in the quality of the a:-- . lower grades has brought a still greater fall i in the prices, whereas "good . fair" still ' f&,-;--v commands -; a : : ~ high ; price. *:. This is a matter '. <hat will require most - careful 'attention '„-.' during the coming season. KAURI GUM. ;." The market keeps, very steady.;- without '■'■■ any material.■'. change. ;s.v.'":;;:';.'" '.■~ T -;-~~ : -'--.- '■ ■ _ Pale Sclecti The quantity .coming forward -):',' is not sufficient to supply the demand.; X '\ . Ordinary: There : ; is a goodi inquiry for 1 Kk/'i' Well-cleaned parcels, also sorted v superior { three-quarter-scraped ordinary/ and unsorted j :,.;.- samples.. ;>■ Medium ordinary is not in good 'V demand if inclined to be swampy.., There v is a' steady demand at -late quotations for < '-. '.-' well-cleaned washed nuts and • coated ; nuts. « 'i';. Good swamp,' with heart, also meets ready .-- , sale if dry, but there "{ is not such a good demand for medium swamp and poor. white. Black: There is a good inquiry for good . black, 1 thoroughly sound arid ; well cleaned, and sorted three-quarter-scraped steel, if the . reserves | are not too high; There is also a steady inquiry for hardy black ; nuts and poor black nuts, mixed with white swampy " ■■-'. nuts, if dry. s' ■';'.", ; - ■ ' i Black Riddlings: Good clean lines are in u; ; steady demand. -,■:.,'■: '[':.-:, .;•'--;■'/ ■■'.'.:,-■' w'.•""';' Bush: There is still an, inquiry, for bold " bled bush of good colour, also rescraped pale. '■''■■'. : '.'--y y "/ ■' - '■ ' v ; '' : :, .:'''.- . ' Chips and Dust: Provided that parcels are ■> - free from earth, all grades can easily be ;.■ disposed of. _ ; \: .■■".-.>■■-■■.■■■■■■-.■ ■■■■:■■.•■-. LONDON MARKETS. 'By Telegraph.— Association.— J t -.■■■-.-. London, May 19. . :■■ - . -•:. " ■ WHEAT. '■. ...... ' . '' H\ The ; official wheat quotations are :-— j '.". Southampton: Victorian, South Austral '~ ban, - and.. New South Wales, prompt de- * --•' livery, 37s 7_d; on passage, 38s 6d. Liver- «■ ':"= pool : Spot, 7s 7d ; July, 7s 4|d per cental. ( (Received Kay 20» 10.25 p.m.) * London, May 20. I The - demand for wheat _ cargoes is re0\ stricted. . Buyers bid 38a 6d and sellers c , ■ ask 395. .-- ■-" * _ ! ~ 1 ; GRAIN AND PRODUCE MARKET. [BY TELEGRAPH. —PBESS ASSOCIATION.] Chbistchxtbch, Tuesday. ,\ All sections of the grain and produce 1 " trade, report* that business is very, quiet, ' there being little offering. Graingrowers << %v are holding firmly, but in view of the de- ... mand being for Dominion requirements only *' -.-, there is apparently no immediate prospect r: K,'-of suc'i an improvement :in prices as will h '•;. induce holders to sell. There is no change h ,r from i late quotations, wheat, especially j •-,' short-berried, being firm, and there is a j . fair ■ demand for oats. The potato market ■r >"-;.. is dull at present. Buyers are only offer- D /, ing .-£3 10s to £3 12s 6d. and there are _ r , very few sellers ' even at £3 15s, "while some I :,{". growers are aslfling £4.'.'• The bulk of the B '■••," crop now being dug is therefore going into C pits. Merchants report -lack of fresh orders, *, : and their business is confined at- present to filling those they have in hand. The onion crop in the growers' hands is now a in small compass, and the price has firmed »< . to £7 per ton. The season is likely to be a: m over somewhat earlier than usual, as the g ;'. good prices ruling have caused growers to _, , : -•'■ sell freely. . '.v-.■:',-' - f . ■■-. ". " 6< SALE OF PEDIGREE EOMNEYS. * [BY TELEGRAPH.PBESS ASSOCIATION.] *' -■ -. ■"„,'.-- 3?eili)ing, Tuesday. - Mr. E. Short's dispersal sale commenced to-day, when stud Bomney rams,. ewes, and ' lambs Were offered. The ewes were offered, first, when the sale dragged a little, but . . brightened up when the rams were offered. - 'Very good prices were obtained over the whole day. ; The- total value of the sale , was well over £6000. "The highest price, , &3gas., was paid for the ram Becord Breaker 43. the purchaser being Mr. J. H. McLean : ' fWaitnna).,, . -A. ■•»;;'■ 7 . - .