COMMERCIAL.

New Zealand Herald, Volume LI, Issue 15503, 9 January 1914, Page 5

COMMERCIAL.

MARKET REVIEW.

GOOD GENERAL BUSINESS.

lliSiß.a business utilities very good, both wholesale and retail reporting a very fatisfact.'iy tin m:\cr in all departments. Imports have I ii [.;ii ticnlarly heavy this week, the l*< si»;i:«'-is (mm Sydney bringing a large '• ;::li " -r ' ' ''"" that have been jo short siipon. <>-u\ .ire now being distributed in .m Hr.' market. The Makarmi and *>'•*>■< ■'■•"<• "'■■' '"> with big cargoes of English a - i-. ji:<l w!i<mi all those shipmeats are d>J..n,'-'d there will be a better supply ' ( i''■■, "■'"' K'".'d» available than there !:■« '■" '■ '■' ' > ">« "me. Experts: 1: ■■• l-i.ind rod ais of interest I hi* «T.-k. us lt: ' M' lira and Upolu are both luadi::- - I - ''■" friendly Islands, Sn«.u. an'! !':. .runt next week the Talune is leaving ' ' : •' < <■ k Islands and Tahiti. These v,-... .<■■ U. ping export houses busy, as '•■■■:• v ■■ I'ikr the usual assortment i>: : ; '' :»•> i ■:•! produce. I jtaK"' lie i: a: i-f't is still very haa-'i'y si'.. !. ■:■■-'. there has been no icc.'vciv : . • .•'. gi. J quality selling [airly *'•''''• .i: .'v.; '.'.'•■ to 14. Samples now oflf.'ii.g «<■• ' ' ■'■ «'i(ig so many signs of Might, a:..i t. an- s'.ly of good »tze and * 'i '■'■ .'■.:■ .1. i 'it there are still a lot al poorer c.. "' about, and these aro stllms «■'. : -i ■'-■ ■'■'■? at a big range of prices, 3x- ■ ■ ■ : to quality. 0n:on«: I :,•■!.• an' i:-..t many about, as only a few ■■•-'•■■:■ ' -.or from Australia. Local ar<- •■....'-• at 14s ex store, and nilhouj.,:. i". ■' (i any h.-ive been brought in to far, uij.-er r..ip|il:e S are expected shortly, ,i- a re.-ult of the present favour- -• big wealii'-r lor ripening. Australian are telling a. tin" kinio money, but these will hardly ray t, import ir.urh longer, if the local increase .: quantity and fall in price, « they pr h.ih ;. will in the eariv future.

Oats: New btNisin'* crop 13 offering in lb? South. I) it nwie has been imported yet. Full M' k- are ho!,) locally, and there arc also l.w,'c quantities, bough', for spread delivery. I. m. price is 2s lid ex store for prune feed, but the market is not very firm, m a go d harvest is expected- It must in' remembered that although there it lets acreage under oats than there was last mmmi ~ the harvest was very unfortunate Usl ><•.., and a better yield is generally expected from the coming harvest. There are also poor prospects of export. Wheat: Milling wheat is kept firm through millers steadily picking up any odd lot., offering. The new harvest should be available i.eu month, but it will not do for nulling at once, except with a large proportion of old season's. row! Wheat : Slocks are still light, and t/<-> price is firm at 5s ex store.

Bran : Full stocks are held. Demand is rattier light at present, but it should improve if the present weather lasts long. Pollard ; Demand is rather quiet. Stocks are ample fur all requirements. Maize: Demand is only fair, but the price keep* up. Stocks in store are sufficient lor orders, and further supplies are 01. .he way from the coast. There is also a small lot of I,land maize over at Cheken. that will he brought across ..nd discharged from the Fiona shortly.

__ Chaff: Canterbury and Blenheim chaff is selling at £7. ex store, but there ie 110 o.d local available now. New is offering freely, but buyers are afraid to take it except, in small quantities. Fertilisers : Stocks are very light, as neither of the Sydney steamers brought anv across, being filled up with transhipment goods. Supplies are badly wanted, &a there is very little local to be had. The A pari ma is exported about the end of the month with a shipment from Calcutta. Siiyo and Tapioca : Both aro quoted at low rate« compared to recent years. A. small quantity came from Sydney, but local stocks are still light, as full supplies will not be available till the Aparima arrive*.

Peanuts: Full supplies are now here. The market is firm for. forward delivery, but lower prices are expected before long. Canary Seed : Stocks low on account of Hie interruption to trade in Turkey. However, it is reported that the market is now easier for forward delivery, so that eviuontlv fair quantities have been harvested.

Jute Goods: Calcutta reports show that, although not much Business has been dome, the market is strong;, and prices tzjt.-w 1 steady. The financial troubles on the other side of India have affected Calcutta only in bo far a 8 causing a very ftriwtwit money market, and it is significant that the jute dealers have had sufficient confidence to retain their holdings, and to prevent a premature decline. They have evidently reason to Believe that by waiting they will Pu t all the crop into comrurnptinr, at full prices. Oils: Ph-vll benzine has been discharged from the Havre, an distributed in sales jlir-rt from the wharf. A shipment of kerosene is due about the end of next week, and booking is already taking

Clothes Pews : Stocks are absolutely hare. Shipment* are on the way. and show the much higher cost expected, accordiw to recent advices. Tobacco : Several brands are now availanle that have been in short supply. KAURI CUM. Pile Select; Only small parcels are cfimi.in to hand, and these are being pU'trl at moderate prices. East Coast : The market is still very depressed. Tins description can only bo sold at very low rates. Black : Good hard, clean parcels are readily placed if free from streakv pieces. Bush: ];..!<! bled and rcscraped can be placed at f.nr prices if of a good colour, and free fern soft pieces. Medium and poor «,d>.u are selling fairly welL Bush chips are aUo in faar domain!. (lips ar.d Dust : In good demand, prodded that earth and sticks do not predominate. * Black Riddling*: Fair samples are readily placed.

LONDON MARKETS. fEtceivod January 8, 6 p.m.) Lomon, January 7. WHEAT. Tho wheat rmrki i« steady, and prices ate unchanged (ho American visible supM >s 127,06: ,000 on,, tcrs. TALLOW. At !.De. sales to O.iv. 1054 casks of tallow were offer•■:. ~.n I f/,7 .vero sold. Mutton, , ),,e '- 5 ( i'"'-<i ;.'. &< 6<i; medium, 345; b( *f, fine 36s j<\ , href, medium, 34*. SILVIJIt Bar 8 ,i.„.- i, JlJo!ed at 2a 2|d per If" V. OF OILS. luuwd .... i.;.J ,' f 6d per ton. ■ Turpent;,,,, '~ , ,;,, ,„.,. cwt , AL "S11(A1 ia.n PRODUCE MARKETS. * "••*rai,fc - 1'.,,, Association— 'Recoi.-eJ J„, ;i „ !■. 10 5 p.m.) Svi>xkt, January 8. to £7 Cd u 3 ' s'''5 ''' '" 3 " W. Flour £1 10s 4-1 t, 9 ci ''' l '' ' " l, ' r ' ;in . feeding, 2s J. in , J ; ! " ■'•''■■. 2-, 3d ; Sparrowlills, 11 £, ■■' ' 1 - ,:, -"'*- 3 > 2 «' to 3s 3d; Cm, '■'"' A '"'"""•• , 3" 3d Barley. 4 '=• 'Mi 1...-. .-■ j.i l" 3s bd. Maize, 5, Pr ;.,' '• '•'■ . '■'•'" £4. Pollard £4 V a , '''''""• ' '•'"•nii.-in, £6 Onions, K^'ioi' 7 . ■■'■■ , i " *& "f er: Si J 1,, f>i . '"-"d-iry, ]00s. Cheese, 3 " °4 U - Ha. ;i . Bjd to 9d. ~,. Ai'ki.aidk, January 8. to wheal -[, 3 ' '" X l ' Sd- Moot, £7 15s to £« V A t ' ■' '•■.<! Flour, £7 15s **■ Bra., ■"■; r.!1.ir.1, Hrl. T , i iiot.-HNK, January 8. , ihort! h|,|. '■•'• , , of hides t0...v ... v an j »'*ik« catalogue of hides to'ttlly 1,1 ~ e ° ' ''"Petition. Prieea were Dewni\ )M _ earei ' iui aL lho Usl **&* ""

WOOL SALES. By Telegraph—Press Association— Antwerp, January 7. At the wool sales to-day, there was a poor demand. Fine merinos and crossbrede receded 5 to 10 centimes, while medium coarse fell 15 to 20. Of 3321 bales from La Plata, 1423 were sold. Sydney, January 8. During the first half of the current wool season, the sales in the Commonwealth totalled 1.180,869 bales, as compared with 1,081,721 for the same period in 1912. * (Received January 9, 12.5 a.m.) Sydney, January 8. At the woo] sales to-day, competition was exceptionally animated and prices were the best for the week. Best sorts were fully 5 per cent in advance, and other descriptions 21 to 5 per cent, above the December rates. Faulty sorts were not altered. Greasy to 14|d and scoured to 22id. UNION BANK OF AUSTRALIA. DIVIDEND OF 10 PEE CENT. By Telegraph—Press Association—Copyright. London, January 7. Tho Union Bank of Australia has declared a dividend of 10 per cent, per annum and a bonus of 2 per cent, for the half-year, making a total of 14 per cent. per annum. The directors have appropriated £18,000 to meet interest on new shares, added £30.000 to the reserve fund, iuui carried forward £44,000. EMPIRE TRANSPORT COMPANY. ISSUE OF DEBENTURES. By Teleemph—Press Association—Copyright. London*, January 7. The Empire Transport Company (Messrs. Houlder Bros., managers) is issuing £500,000 worth of 54 per cent, debentures, repayable at par in 15 annual drawings, commencing in 1915. The proceeds of the issue are to be devoted to the extinction of £268,000 worth of existing debentures and for the payment of new steamers.

MARKET REPORT. Messrs. G. W. Binney and Sons report: — Hides—Market firm at late rates. Ox: ■bxtra stout BJd to BJd, stout 8»d to B{d, medium Bjd to BJd, light 81d to Bid. Cow: Extra good 81d to Bid, good 7jd to Bd, soconds 7id to 7jd, scored and dirty G*d to 6id, cut old to 6id, damaged -lid to sd. Haps, 6Jd to 7id. Stags, sid to 6d. Year lings, id to 7jd. Calfskins: Best 9id to lOd. good B*d to 9d. meaty 7d to 7Jd. Cut and damaged hides. 4{d to sid per lb. Skins—Market firm at late rates. Butchers' picked skins 8s to 8a 3d, large 7s 3d to 7a 6d. medium 6s 3d to 6s 6d small 4s 9d to sa. extra small 3s 6d to 4s'. Spring lambskins. Is 6d to 2s. Bare pelts: Small Is to Is 3d. large Is 9d to Is lOd. Country dry skins 7s to 7s 6d. good 5s 6d to 6s, medium 3a 6d to 4s 6d. Pelts: Large 2s to 2s 6d. medium Is 6d to Is 9d. small la to Is 3d. Lambskins: Large Bs to 5s Bd, medium 4s 6d to 4s 9d. small 8s 3d to 3s 6d. Rat-eaten and weevilr skins. 3id to 4Jd 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 22a to 23s 6d per cwt. Rough fat, l!d to lid per lb. Cowtails, la 8d per dozen. Horsehair: Tail Is 6d to Is 9d, mane 9d to 9!d per lb. Bones, good dry, £ 4 17s 6d to £5 per ton. Wool.—Wool in half-bales and fadijos bags selling freely at late rates. Bright crossbred. 8d to Bid; medium crossbred, 7Jd to 7Jd: dingy and cotted crossbred. 6Jd to 7d; bellies and pieces, lid to 5Jd: dead wool, 6d to Bid: locks. 3d to 3*d.