COMMERCIAL.

New Zealand Herald, Volume L, Issue 15398, 5 September 1913, Page 5

COMMERCIAL.

IP' MARKET REVIEW. |'v < BUSINESS A LITTLE QUIETER. If ' *v Busing has been a little quieter since the begin"' ll ? of the week, most of the .' ejtra bookings for delivery ex ship havinc now been executed. Country trade is not vcj brisk, but the weather lately has been against operations. Building shows k"a littlo improvement, but not enough to "'(rive much assistance to the allied trades. Drapery houses report active trade, and jro making preparations tor a big trade during the Exhibition. The new season's v'eoods are ojHMied up. and are attracting good deal <'f attention. Bright colours are a distinct feature of this year's new _Oods, a nd as the .season has opened 'earlier than usual the shops are very bright "id attractive. It is reported that dressmakmc: aid ladies' tailoring are '' ■peciaUy busy, somo being booked right ' 0 p to Christinas. v Hea.y Woollen Trade: Tho Board of Trfedo returns (or the half-year ended V June 50, indicate a wonderfully prosperous state of affairs in Yorkshire, taking into account the fact that 1912 was one of the host of a series of boom years. Tho statistics re nil the more remarkable, bavin; regard i.'. the advance in prices made bv most' manufacturers in Janiiarv, and the loss of business caused by trade disputes, strikes, and lockouts in and near the heavy woollen district. So ''far as the export trade is concerned, the onlv falling off was in blankets and rugs, and* fc. the firmer there was a good home market , while the slight depression -in rugs is considered to be temporary. Cloth, carpets, and flannels are all on the Up-grade, and if the second half of the yjar is as Rood as the first there will be 5-w records of output. The flourishing state of the home market is also beyond question, for both wholesale and retail clothiers have had difficulty in keeping pace -villi orders. The above information regarding the position in Yorkshire, Iho centre of the world's woollen trade, is reassuring as regards tho position of wool during the coming season. It is well know" that a much better grade of fabrics is now being manufactured in many of the IJatley and Dewsbury cloth mills, and this has involved tho use of greater quantities of pure wool, as distinguished from that which is extracted from rags. Produce: The local markets aro not particularly active. The most noteworthy feati>~"s this we?k so for as consumers are concerned aro tho low price of potatoes and ft-:, reduction in the price of butter. Butter was reduced on Wednesday as a result, of the increaso in supplies, the sea- ■ son having opened very favourably in- ' deed, with an abundance of grass. Eggs - are dso reduced in price, with more .plentiful supplies, and this has not only increased the consumption, but also caused some people to commence precrirving them ior the scarce season. Potatoes: Tho market continues very weak. Local stocks have worked down a litue. as recent shipments have been on a "■.' smaller scale. Demand continues good at i £3 15s to £4, the price now being lower than it has been for some years. ■'••■ Seed Potatoes: Demand continues fair for most varieties, but as all the big areas are now planted the present sales are mostlv in small quantities. Or.'vms: Tho American onions that , arrived via Vancouver are being dis ''i . tribnted, but these are not of very satisfactory quality. The next lot from San Frar/cisco via Wellington will be here in i. a fortnight, and these should be of much better quality. A few Japanese are avail- . able in cases, and also a very small quantity of local and Australian, local having kept very well this year. Prime are worth | lis 6d. V Oats: There is no material change, but a better feeling has come into tho market, 1 and buyers are not so afraid to operate. ' Local' slocks have worked down a little eincj the arrivals have been on a reduced scale, put there are still sufficient for the present demand. Seed- Oats: The demand for Algerian seed keeps up verv well, re-cleaned being r worth 3s Bd.

p ;" Wheat: The market is decidedly firmer I since last- report. Fowl wheat is at pre:j ;;'; sent in v»/y short supply, and there is only a offering in the South. .Bran: Stocks are good. Demand is , barely so good. i'.'■'" ,Pollard: Stocks have worked down con- . siderably. No change in price. : , Uaize: A few small lots have arrived ; , ' from the Coast, and coming to a very bare . ; market these consignments have realised '/ ,:* good prices. A small shipment of Austra- -. •■ lian maize is expected, next week. >?* Chaff: A fair proportion of the Austra- \ ■, : lian compressed chaff, by the Joseph Craig, J., L :4 has found an immediate sale, as the market ••; *,; is not at all heavily stocked, both local t .1' and Southern coming to hand in reduced t' .^quantities. cv At? Fertilisers: Demand is exceptionally brisk for all descriptions. The Kaikoura %- ! islanding a shipment of superphosphates, , :% whfch were urgently wanted, and the bonefin**: by tho Aparima also came to a gjod market.

\v;,/ Bice: There is no alteration here, the ..... market having been very steady for some time. In Australia, however, an advance <;% of 25s per ton has taken place- It is well .'.;.•/ known that millers have been working at , ' unprofitable rates, and this advance is not ,■■:, unexpected. • ¥ Sago and Tapioca: The Aparima landed .i> consignments that were wanted. Prices ~ .keep low, but these conditions are not exv pected to last long, in. the returns are so '■\;V./unsatisfactory that growers are going back :■ - to i-übber, which pays them better. ,■,5,- Beans: Both haricot and ' ,ma beans are , flitter in the East, but so far local price ••i-V.tt unchanged. Peanuts: Stocks are low. '" Spices: New season's-, cloves are now , offering for forward delivery. Last season . "the price was very high, but this year ' > the rates are more favourable. Peppers .',, R-intain a firm position. , Canary Seed : The crop is a complete i. failure, and high prices are ruling. Linseed Oil: Price is a little firmer, tho Market having recovered from the excepwtiHly low rates ruling lately. t.*;•'■ Castor Oil: Market is rather quiet. .;>'' Cwnsacka: The jute market has been jßpidly advancing, and mills are reluctant ' .-i,.JJo**H o ** * or forward delivery, Fruits: Seeded raisins are a little "is< D '|ner. Sultanas aw decidedly firmer. .■■-:;; ..,.■ Salmon: Now season's pack is now ' '' quoting at lower rates. >'.'•, Mullet: Canners are only putting up a ;!; ; > flusll quantity this year, and prices are ' '"i"f d - ing - high.* ■;.. Whitebait: The season has already com- :'■':, yi' menced, an d this delicacy is now selling jV • l|,Pn the local market in a fresh state. Only i ■■ \ * small quantity will be fanned this year. j . '' Honey: Supplies are very scarce. ; -j : * ~ orr "gated Iron : Merchants are quoting : « lower rates. /W.x.' arbtd Wire: American barbed is in "tort supply. ''W k . IK * ron: An easier tendency is expected. ;|!| jjnpok: Market a little easier. '"'^»ui? np, * : Consignments to hand meet .'/,, with a ready sale'at late rates.

;., , PROPERTY SALES. • J '\J\ le of tlu ' Empire Estate takes g«W to-day at Messrs. Samuel Vailo and <\ saleroom*. There arc 34 lots, facing I > no' Drive, Empire and Manukau Roads, « wood's Corner, Bosom. All tho | wcwona are perfectly level", and the Boil ■ mS Volcanir - The terms are easy. M tr T ' Manden » Jackson will sell ■ flffiS'iP 1 „ ;iurtir ->" at their roomfi, •^.m 3 Street Enst, at 11 o'clock this '" -la«J* g ' a ''""Gal™ of seven'airv rooms, ;.VC« on a section having "a 64ft ■ 1 Sk 8 % to / ;rove Road ' Devonport by a ' : '2s f n l6 ? ft - ana only two minute : r«il ltcnham Bearh. Also two sound nT nce ?. each retaining six rooms and '■'■■'' km;,? 811 ? ,°°'<™*s, standing on a '■' ■■■«££? ™ T 'n« * 99ft frontage *° O'Neil i Mmm*F° aWnh l> by 105 ft deep. The •g» arc nev.lv , M „ tte d. cacti let to M, 18 ', and an? hand v to the cars. I &iMU Wffl ? ri Miolhiin will offer by iSffi at thc Chamber of Com--1 VfjnLi °.- m - to-dav the following iii«vv^ :New > "P-to-dato residence of grooms,- on a section 53ft by 226 ft, at

Northcoto. The Bum of £400 can remain on mortgage. New cottage of four large rooms, on 'ction 50ft hv 150 ft, in Richmond Avenue, Northcote; Government mortgage £295 .in remain. Two houses, Eden Terrace, sliding o n leasehold sections, having 31 vears to run; both houses are well let. Sections 62, 81, 82, and 101, on the Shakespeare Estate, takapuna; and two sections in Hirst Avenue, Devonport, each 55ft by 175 ft. Messrs. Gillespie- and Thompson will offer by auction at the.Chamber" of Commerce at 3 p.m. to-day a residence of eight rooms built on a section 48ft by 100 ft in Prospect Terrace, I'onsonby ; also a section at the corner of Murdoch Road and Disraeli Street; section No. 92 of the Shakespeare Estate, Takapuna ; and lot 5 of the Windmill Estate, Mount Eden. LONDON MARKETS. By Telegraph— Press Association— (Received Septembor 4, 6 p.m.) London, September 3. TALLOW. At the sales to-day 1514 casks were offered, and 313 sold. Mutton, fine, 38s 6d, medium 355. Beef, fine 37s 6d, medium 34s 6d. FROZEN MEAT. River Plate shipments total as follows . — Mutton, 16,067 "quarters ; lamb. 51,703, frozen, beef, 81.500; chilled. 295,500. OILS.

Linseed oil, £25 per ton. Turpentine, 30s 3d per cwt. WHEAT.

Wheat is steadier, but there is little bidding. 35s 9d was offered for a Victorian sailer in April, and 36s 6d for an Australian January-February sailer.

Messrs. Dalgety and Company have received the following cable from their London office, under date August 30. 1913 :-— We quote Bradford tops, 36's to 70's inclusive : 36's Is 3jd ; "40's, Is 3J,d ; 44's If 4d ; 46's, Is 4Jd; 50's. Is 7?d ; 56's' Is IOJd ; 58's, 2s Old ; 60's, common. 2s 3,Jd; 60's, super, 2s 4d; 64's, 2s 43d; 70's, 2s Sid.

THE PACIFIC CABLE.

By Telegraph— Press Association—

London, September 3.

The receipts of the Pacific Cable Board last year totalled £157.900, and the expenditure £121,625. A total of £32,269 will bo provided by the British find Dominion Parliaments to make good the deficit in interest and depreciation.

HUDDART-PARKER COMPANY.

By Teljzraph—Press Association—

Melbourne September 4. Tho Huddart-Parker Company has declared an interim dividend for the halfyear ended June 30 of 6 per cent.

SOUTH AUSTRALIAN SAVINGS.

By Telegraph Press Association— Copyright.

Adelaide, September 4. The report of tho South Australian Savings Bank for the year ended June 30 shows total deposits for the year of £5,416,764, an increase over the previous year of £244,327. The average at the credit of depositors is £42 Is 7a, a decrease of lis 2d.

WAIPA RAILWAY AND COLLIERIES

Work at the Waipa Railway and Collieries property is progressing apace. The railway bridge crossing the Waipa River is now practically completed, and the first half-mile of rails and sleepers has been laid down to the bridge. It is hoped that in a week's time it will bo possible to cross tho bridge and continue the plate-laying for another mile, by which time the company's new 30-ton locomotive will be available for completing the work. The latter is due to arrive here o.i the 10th inst., and is to be put together and erected at the Government radway workshops at Newmarket.

The screening plant has juet been landed and railed up to rlgaruawahia. The necessary ironwork for the mine tuba is being made in Auckland, as is also the incline brake machinery. The directors expect, to appoint a mine manager at an early date. '

AUSTRALIAN PRODUCE MARKETS. By Telegraph— Press Association Copyright. (Received' September 4, 9.10 p.m.)

Sydxet, September 4. Wheat. 3s 71d to 3a 7|d, flour, £8 15s; oats, Algerian reeding 2s 6d. milling 2s lOd, Sparrowbills 3s 2d to 3a 3d, giants 2s 3d; barley, Caps malting 3s 3d to 3s 6d; maize, 4s; bran, £4; pollard, £4 ss; potatoes, Tasmaniona £6 (is to £6 15s; onions, £6 10a to £8; butter, selected 112s, secondary 108s to 110s; cheese, 7d; bacon, 9d.

Adelaide, September 4. Wheat, 3a 7d to 3a 7jd; flour, £8 to £8 2s 6d; bran and pollard, Is. Melbotjbse, September 4. There were to-day average supplies of hides. There was fair competition, and prices were generally a fraction lower. MARKET REPORTS. Messrs. G. W. Binnoy and Sons' report for the hides, skins, and tallow market is as fol lows: — Hides: Market firm at late rates. Extra stout ox Bld to 9d; stout B{d to BJd, medium Bid to B*d: light, 8d to Sid; cows, extra good 7{d to Bd, good 7Jd to 71d. seconds 6}d to 7d; scored and dirty 6d to 6}d cut 5Jd to 6d. damaged i\A to Bd, kips 6{d to 7id, stags' ojd to 6d; yearlings, 7d to 71d: calfskins, beat 9Jd to lOd, good BJd to 9d; meaty 7d to 7»d, cut and damaged hides 4fd to s}d per lb. Skins: Market firm at late rates. Butchers' picked skins 7s 6d to 8s 6d. large 7s to 7s 6d, medium 6a to 6s 3d, small 4s 9d to 6b 3d, extra small 3.1 9d to 4s; lambskins, large 63 3d to 63 6d. medium 5a 9d to 6s, small 48 lid to ss; country dry skins, large 78 to 7s 6d, good 5a Gd to 63, medium 3s 6d to 4a 6d; pelts, large 2a to 2s 6d, medium Is 6d to la 9d, small Is to la 3d; lambskina, large 5a to 5s 3d, medium 4s 6d to 4s 9d, small 3a 3d to 3s 6d: rat-eaten and weovily skins, 3}d to 4{d per lb; pelts and lambskins, 2jd to 3d per lb. Tallow : Market firm. Best mixed, in shipment casks 28s to 295, good 26s 6d to 275, medium 25s to 25s 6d, inferior 223 to 233 60 per cwt. ' Bough fat, lid to lid per lb. Cowtails, Is 8d per doz. Horsehair: Tail Is 6d to la 9d, mane 9d to 9id per lb. Bones: Good dry, £4 17s Gd to £5 per ton. Wool: Half-bales, dumps, and bags selling freely at late rates. Lambs', clean 9d to 9Jd, dingy and seedy 7d to Bd. bellies and pieces Sid to 6d; crutchings, good 6!d to 71d, short and dirty 5Jd to 6d per lb; croaabreda 9Jd to 9}d. dingy croasbreds 7id to Bd.

COUNTRY SALES. The Farmers' Co-operative Auctioneering Company, Limitod, report: — At Matamata on August 27 we had an entry of 75 pigs, 177 fat sheep, and 1341 head of cattle. Fat, forward, and store cattle wtre in good demand. Dairy cows and heifers, except very forward ones, were dull of sale, and prices were not encouraging. No doubt, in time, tamers will rtalise that unless they winter tfieir dairy stock well it does not pay. A few choice heifers, close to profit, made from £7 15b to £9, but the majority sold at £4 to £5 10s. The same quotations apply to $airy cows. Small fat steers made £9 2s 6d to £9 17s 6d, fat cows £5 ISs to £7 ss, fleshy old cows £4 15s to £5 6s, choice yearling heifers £3 6s to £3 10s, beat yearling steers £3 3s to £3 lis, fair to medium yearlings £2 12s 6d to £2 17s 6d, smaller sorts £1 15s to £2 6s, fat wethers 24s 6d to 26s 3d, hoggets 15s to 21s 6d. weaner pigs lis Od to 18s 6d, slips 23s to 30s: potatoes 7s to 10s a bag. At Hamilton on August 28 we had a very largo entry, comprising 140 pigs, 1723 fat and forward sheep, 1?39 fat and store cattle, and 200 dairy cows and heifers. All stock sold well except dairy stock; these were dull of Bale, and apparently tho market is just now over-supplied. Weaner pigs sold from 8s to 16s 6d, slips 26s to 355, fat wethers 25s 9d to 30s, fat ewes 17s to 27s 6d, fat hoggets 16s 7d to 20s 6d, fat bullocks £11 5s to £13 7s Bd, medium weight fat steers £10 2s to £11, a couple of heavy oxen £16, fat cows £6 3s tc £7 10s, a few heavy fat cows £8 5s to £9 Ijj, fresh empty cows £3 15s to £4 10s, throe-year store steers off turnips £6 10s to £7 is, two and two-and-a-half-year steers off turnips £4 17s to £6 16s, 18 months steers £4 os to £4 10s, choice yearling steers £3 15s to £4 3s 6d, good yearling steers £3 to £3 lis, medium yearlings £2 10s to £'£ 15s, small 80s to 40s, empty two-year heifers £3 15s, best dairy cows and heifers £7 to £8 15s; the majority, however, £4 10s to £5 10s.