COMMERCIAL.

New Zealand Herald, Volume LII, Issue 15965, 9 July 1915, Page 5

COMMERCIAL.

QUIET WEEK REPORTED.

PRODUCE REMAINS HIGH.

Wholesale business for the week lias been quiet, -with few features of interest beyond the distribution of several imported lines that were in short supply until the arrival of shipments from London and Liverpool. From transactions recorded during the past few months it would appear that Auckland bouses carry larger stocks than are held in the South, so that besides being able to sell parcels for shipment to Southern firms they have so far withstood to a great extent the shortage that would naturally have been expected from reduced imports. Retail trade is quiet in all departments except in drapery and similar goods, where the ordinary demand is stimulated by the winter sales.

Produce: The markets are still high in most lines, and no relief can bo expected until the new season's crops are in sight, as Australia, is a buyer of anything we can spare. On the ether hand the high price is working its own cure in two ways, by curtailing the consumption and by "attracting supplies from outside sources"

Potatoes Firm. Potatoes Market has firmed considerably during the last two days, owing to a renewed inquiry from Australia, as it was reported last "week that the price had advanced to £11 in Sydney. It must be noted that export is not actually prohibited, but arrangements have been made for stopping it at any time. Southern holders are not offering freely for forward delivery, and local price remains at £8 ex store. Seed Potatoes : Inquiry is keen and excellent business is being done for planting in this province. Australian buyers are in the market for all varieties of redskins, which have advanced in price accordingly, and they now seem inclined to take limited quantities of white skins also. Onions : Market remains weak here, as buyers will not take any quantity when they know the risk of loss through growth. In Australia the price has jumped to £11, and the market still shows a firming tendency, as buyers are looking ahead in anticipation of a difficulty in importing towards the end of the season. New Zealand cannot very well take advantage of the conditions on the other side, as our stocks are rather small, and the quality is against shipping.

Oats, Wheat, and Maize. Oats: The tone of the market is weaker, although not many are offering. Invercargill reports indicate that not many are held in stock there, and stocks will not materially increase until the spring threshing. However, the price is so high that it requires a constant influence to keep the market at its present level. Wheat: Business is dull in milling wheat, while practically no fowl wheat is selling. Maize: This grain is still taking the place of wheat, and the quantities arriving from the coast are sufficient to supply the demand, assisted by Java maize, via Sydney. It is understood that further lots are on the way, while a small line is also offered for direct shipment from Capetown to Wellington. Barley Fair quantities are arriving from the East Coast, and these sell well for feed on account of the high price of wheat. Chaff: A good inquiry continues, both local and from Australia, but very little is offering. Hay: Very scarce, while straw is selling at double the usual price. Peas: Price is unchanged, but supplies are very small. Fertilisers: A large cargo of superphosphates will arrive from Melbourne in a few weeks. It is understood that the position will shortly be further improved by the manufacture of this important fertiliser locally. Price has advanced about 7s 6d per ton.

BRUNTWOOD DAIRY COMPANY

VERY SUCCESSFUL SEASON. [BY TELEGRAPH.—OWN" CORRESPONDENT.] Cambridge, Thursday. The first annual meeting of shareholders in the Bruntwood Co-operative DairyCompany was held yesterday. The report stated that £7187 had been advanced to suppliers, and that a balance of £2673 remains. It was, therefore, decided to pay a bonus of 5d per lb of butter-fat, making Is 6£d over the whole season. The company has decided to instal a. whey separating plant in readiness for next season.

LONDON MARKETS. By Telegraph—Press Association—Copyright. London*, July 7. TALLOW. The tallow market is unchanged. 'Of 2013 casks offered, 255 were sold. WHEAT.

On the wheat market Chicago options for July are quoted at 105 i to 107£ cents, and September options at 100J to 102 cents. The London wheat market is steadier. Walla arrived is quoted at 555.

OIL AND TURPS. Linseed oil, £26 10s. Turpentine, 39s 4Jd. METALS.

Copper: On spot, buyers £78 15s, sellers £79: forward, buvers £80 2s 6d, sellers £80 7s 6d.

Tin: On spot, buvers £170 10s, sellers £171; forward, buyers £166, sellers £166 10s.

Lead, buyers £24 2s 6d, sellers £24 12s 6d.

Silver, 22 11-16 d per ounce.

LONDON WOOL SALES

MERINOS VERY FIRM,

By Telegraph—Press Association Copyright.

London, July 7.

At the resumption of the wool sales Merinos were very firm. Fine crossbreds were firm. Shabbier qualities were in the buyers' favour. The following prices were obtained:—New Zealand clips, Rawaiki, top 19id, average 18, d. Centre-wood, top 20d, average 19|d. Australian clips, Kiameron, top 16d, average I4|d. Coombie, 30d and 25id ; Gissilis, 31£ d and 30id.

MARKET REPORT. Messrs. G. W. Binney and Sons report for hides, skins, tallow, etc., as follows: — Hides: Market advanced. Extra stout or, lid to lljd; stout, 10? d to lOJd; medium, 10id to lOSd: light, lOd to lOJd; cow, extra good lOid to lOjd, good 9Jd to lOd, seconds 9}d to 9td: scored and dirty, 7Jd to 8d; cut 7*d to 8d ; damaged. 6d to 6id; kips, 83d to BJd: stags'. 6d to 6Jd; yearlings. Bid; calfskins. 9Jd to 9*d- good, B|d to 9d: meaty, 7d to 7id: cut and damaged calfskins. 6d to 6*d- . Skins: Market advanced. Butchers' picked skins, full-woolled, 8s 6d to 9s; butchers' skins, extra large, 7s 6d to 8s; large, 6s 9d to 7s: medium, 6s 3d to 6s 6d; small, 5b to 5s 6d: extra small, 3s 6d to 4s 3d: spring lambs, large 6s to 6s 6d, medium 5s 6d to 5s 9d. small 4s to 4s 3d: lamb pelts, ■2r to '2s 3d; bare pelts, Is 9d to 2s; country dry skins, good Bid to BJd, medium 7Jd to 7Jd; rat-eaten and weevily skins, 6d to 6«d-rat-eaten and weevily pelts and lambskins 2d to 3d per lb. Tallow: Market has declined 'n sympathy with the London market. Best mixed, in shipment casks, 25s to 25s 6d; medium,' 24s 6d to 24s 9d; good, in small casks, 24s 6d to 255; medium, 24s to 24s 3d; inferior, 22s to 22s 6d per cwt; in tins and drums, 18s 6d to 21s.

Rough Fat: lid per lb. Bones: Good, dry, £4 17s 6d to £5 per ton. Horsehair: Tail, good. la 4d to la 6d; mane, 8d to 9d. Wool: In bags and dumps, medium crossbred, ll*d to Is; heavy crossbred 10d to lOid: dingy. 9d to 9id: bellies and pieces, 7id to 8d; locks, 54d to 6id; dead wool, ad to 9Jd: crutchings, good, bright, Hid to 12d: medium. lOd to lOid; lambs' wool, good, bright, free of seed, 12id to 13d; medium, lOd to Hid; dingy. Bjd to 9d; seedy. 6d to 6Jd.

AUSTRALIAN PRODUCE.

By Telegraph—Press Association-» Copyright. (Received July 8. 10.15 p.m.) Sydney, July 8. Oats: Tasmanians, 5s 6d; New Zealand, A Cartons, 5s 6d, Dunn 5s 6d; -Americans, 5s 3d to 5s 6d. , Barley "°™ naL Maize: Yellow, 5s lid white, OS 8d to 5s 9d: Javan, 5s 4d. Potatoes tasmanians, £10 10s to £12; Now Zealand, Up-to-dntes, £10 to £11: Early Rose, £11. Onions: Victorian, £10 10s"New Zealand, £8 to £8 10s. Cheese' prime, 10d. Bacon, lOd.

Adelaide, July 8. Wheat. 8s 3d. Flour, £18 ss. Bran, 2s 2d. Pollard, 2s 6d.

MELBOURNE HIDE SALES

By Telegraph—rress Association—Copyright

(Received July S. 10.45 p.m.)

Melbourne, July 8. At the hides sales there were good supplies and an active iemand. Prices were from an eighth to a quarter lighter.