COMMERCIAL.

New Zealand Herald, Volume LVI, Issue 17234, 9 August 1919, Page 7

COMMERCIAL.

LONDON MARKETS. Australian and N.Z. Cable Association. (Reed. 6.40 p.m.) LONDON, Aug. 6 (delayed). The state of the tin market ie as follows: — On spot, 2710 tens; afloat. 2213 tons; stocks. 12,697 tons; deliveries, 2051 tons. ! (Reed. 5.10 p.m.) LONDON, Aug. 6 (delayed). ■ The rise in the pr M of silver is attributed ?° }"* ~. inadequacy of American supplies, the instability of Anglo-American exchange, and [ ° n- Heavy Chinese purchasing. 1 allow: block, 4529, imports, 3951; deliveries, 3783. * —— _ __ FRUIT AND PRODUCE MARKETS. Business in the fruit and produce markets has been moderately good during the week, oiu there has been a great scarcity of suppi es, particularly fruit, and all lines of Joif? ple3 „ a ° d . P° 3 >- 3 have firmed in value. Small fruit is almost off the market, Lemons are selling well. The market wag relieved yesterday by the arrival of two lßland boats with bananas and oranges. The condition of the. oranges is again, in many instances, unsatisfactory, while tho bulk of the bananas is good. The potato market is temporarily short of supplies, with aavsncod prices ruling Tin £^'°7 n TL" be ■•*?" tl / relieved early next the South! arllVa oi the > romi *° from I Prime quality onions are very short, but ' o*&r* ° r ° S ' J Quantities of growing onions : Vegetables of all descriptions are selling ; we,!, cabbages and cauliflowers being scarce farmers butter remains in demand t resh eggs aro easier. Poultry: All lines are selling well, although mere was a decline in price? at yesterday's market, FIELD PRODUCE. I Potatoes, °?* prime. £12 10o: medium. I £10: onions, imported. £20 bost; others, 10s , to Us cwt; pumpkin*. 10« to 16s cwt, according to Quality: swedes. 5s cwt. DAIRY PRODUCE. Batter, farmers', in prints, Is id; egsa. lresli, 2s. =*>««>• FRUIT. . Apples. local, coloured, extra superior, up to 16a case: others. 10s 6d to 12s 6d; best cookers, 9s to 10s fid; pears, dessert 17f, to 20s: oranges, Poormans, up to 10s and lis first quality; medium. 7s to 8s; lemons local, prune, 35s case; local, rough, and coarse, 12s to 16s; walnuts, Is 3d per lbpsanutß, s*d per lb. POULTRY. ILns, 4s to 6s 4d each; medium, 2s 9d to 3s 6d; tabln roosters. 4s lid to 8s 6d • , medium. 3s 6d to 4s; ducks, 3s 6d to ss : geese, 4s lid to 6a 3d; turkey gobblers, 14s to lbs 3d; turkey hens. 73 to 9s. Ducks are not nnding stica a good demand, and have dropped this last two weeks. Hens are net fetching such good prices, owing to a lot being in poor condition. The demand ia still good for heavy cockrela, and th© supply does not meet the demand. CANTERBURY PRODUCE MARKETS. [BY TKLEGUAPH.— TS.E33 ASSOCIATION.] CHRIST-CHURCH, Friday. in Vs ™* ! eii ' any improvement is shown rerw, marktt except for seeds *&** are f™ d u for spnng sowing. Tnere is nothing iresh to report in wheat, The tact that just over e.000.t/uO bushels have already been reported as threshed indicates that with the Australian importations there will be ample for the years requirements. Unless there is , heavy sowing of si-ring wheat next season's I crop will be a very short one, as the very , dry autumn and early winter prevented | much early sowing being done. Algerian oats for spring sowing aro in I good demand, and aro now worth up to 4s 6d at couu.ry lions. The same price was also reached for Duns. There is no improvement in Gartens, which are nominally equal to Bs 9d to 4s at country stations. Oatsheaf chaff still remains at £6 to £6 5s at country stations, with limited local demand.

There are no changes in cocksfoot or ryegrass but c'overs have still further firmed, red bring Quoted at Is 6d to la 7d and white la 4d to la 5d at country btations. l'hc demand for ryegrass and other seeds is expected to improve next week, when pas-toralis-ts and farmers, who will bo in the city, will place their spring orders. The potato market has showa some fluctuations lately, but to-day the tone is easier again. The price at country stations is variously quoted at £7 15s to £8, the latter figure being offered to secure prompt delivery. Shippers aire meeting with a difficulty in securing space for peas on Home boats, but the market remains firm, ar>d 7s M is now offered to growers for Partridges. The bulk of the crop is now, however, iu tbo merchants' hands. PUI-LAN, ARXHTAGE AND COMPANY, LIMITED. DIVIDEND OF 6 PER CENT. The second annual meeting of Pullan, Armitago and Co., Ltd., was held yesterday, the managing director. Mr. Stanley St. Chambers, presiding. The balance-sheet disclosed a satisfactory financial •-position. The directors' recommendation for the payment- of a dividend of 6 per cent, on all grades of shares, and the voting of s stun to distribute among the employees, as the inauguration of a system of profit-sharing, which is to be the principle of the companj'a future rolicy, was endorsed. A resolution authorising the increase of the company's capital from £16.000 to £30,000 was passed. The directors will offer 10,000 " B " 6 per cent, cumulative preference shares of £1 each to the present shareholders, and _is the event of the present shareholders being unable to absorb the issue, the balance will be offered to the public. The retiring directors, Messrs. W. C. Whitney end C. Merson, were re-elected. Mr, G. C. Gorrie •wa.* appointed auditor. LONDON WOOL SALES. Dalsety and Company, Ltd., have received the following cablegram from their London office, under date August I:— The wool sales closed firm, as compared with the closing rates of last saioa. Average and good to fine Merinos were lower by 10 per cent., and inferior and faulty 5 per cent, to 10 per cent. Fine quality crossbreds showed a decline of 5 per cent., and medium and coarse 5 per cent, to 10 per cent. The export buying was limited as follows.— For France, 80,000; Belgium, 17,000: Canada, 4000; Italy. 3000, Belgian, and French buyers were operating freely. The next sales will open on August 11, when the probable quantity to be offered will be 70,000 bales. On this occasion the United States. Japan, and neutrals will be allowed to participate*

HIDES AND TALLOW. Abraham and Williams, Ltd., report: We held our usual sale of hides, skins, and tallow on Tuesday. We quote: Hides: Cow, best, 105 d to iOfd: medium, lOd to lOid; rough, 9d to 91d; scored, 7jd to B{d; cut, Sd to 85d: damaged, 6d to 6ld. Ox, extra heavy, }2Jd to 13d; heavy, 12d to 12td; medium. Hid to I2d; light, lid to Hid: cut, 9id to lOd; damaged, 6*d to 7d; yearling. 9id ,to lOd: cut, 7sd to Sd; damaged. 5J.d to 6d. Calf, good, 16d to 18d; medium, 14d to 15d; heavy, lid to THd; damaged, 7Jd to Bid: cut, 9*d to lOd. Horse, 9s to 10s; medium, S3 tc 8s Cd; small, 5a to 6s; cut, 4s to 4s 6d. Tallow: Market advanced. Ctsks. best, 56a to 60s; medium, 60s to 555; ordinary, 45s to 50s par cwt; tins, best. 42s to 45s ■, ordinary, 40s to 45b; dreggy and burnt, 35s per cwt, Bones: Good, dry, £7 10s to £8 per tea. PROPERTY SALES. Samuel Vaile and Son?, Ltd., report having sold the following properties by auction at their rooms jesterday;—Three houses. No*. 13, 11. and 18 Francis Street. Grey Lynn, for £470 each; eottage at No. 26, East Street, Newton, for £325: double house, corner Pompallier Terrace and Redmond Street, Fonsonby, for £705, A property, consisting of 688 i acres, with seven-roomed house, situated 15 miles from WhrnigarAi and sis miles from the Hikuransri railway station, was sold by auction yesterday by Dalgety and Co., Ltd. The price was £11 per aire.

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