COMMERCIAL.

New Zealand Herald, Volume LVII, Issue 17594, 6 October 1920, Page 5

COMMERCIAL.

; WHOLESAUE ANO RETAIL*. "I : THE PRODUCE * MARKET. | ! 'QUIETER TONE PREVAILS. ' General business is still under a cloud, on account of so many industries being hampered through lack of coal in one form ox another, V ">' Sugar.--*No supplies of refined-sugar have reached the city for distribution. It .is understood "that th© limited supplies of refined sugar are being conserved for essential industries. Benzine.— price his advanced Is a case for all descriptions of motor spirit. Supplies axe particularly light, and shipments are being-carefully rationed. Kerosene.— vessel arrived, last -week with a shipment, but .only limited quantities are being distributed at the advanced price now Quoted. , Timber.—An active ■ demand is reported, even at the high prices now ruling, and all descriptions are being eagerly picked up as fast as the mills can supply. A few lines in building material are more plentiful, as a result of shipments arriving, and these are m keen demand. i. s Produce.—The markets are a little Quieter many buyers apparently having sufficient stocks for present requirements. In most lines the arrivals from the South have been sufficient for orders, owing to the better service on the coast,' while the marked improvement in the service from Australia has enabled bonedust and general merchandise to come forward in greatly increased quan- ■ Potatoes.— visit of the Australian expert to Canterbury has not made much impression on the market, as ij'is recognised that even if export to Australia were allowed it is now <. too late to ship any quantity. southern potatoes are in full supply here, *** price, 3 weak, at 6s 6d ex store. „»rv?r* toeß - e ? lU> ot Perfect weather for Planting, feed, potatoes have not been Belling particularly, well. Good quantities of the m »i n J»rwt>es?are still da hand, »nd these wUI sell for another month. Onions.—Australian onions that arrived last selling well at 37a 6d per cwt-, too quality bsmg better than usual. The hrst of the American are already here, and axe selling *t 42s 6d per crate: ' Oats.— .market is dull with no inquiry except far small lines, and thes* are moving on a*.6s 3d to 6s (d en store. The same conditions have come in at last in the South, and holders are now more anxious 'to get rid of their stocks. Storage has presented some difficulty in the South, and the wool will soon (be coming in, making it still more necessary? to get nd of oats. Seed Oats.A few are selling, but the inquiry is.not equal to anticipations, especially m view of the high price of chaff during recent years. Chaff.—The market is a little firm m the South, and the local price has been able to respond better -since stocks have worked down. Best Southern is selling in small lota at JMs to 14s 6d, ex store, but the larger buyers usually take - advantage of any shipment arriving to Set the lower price ex wharf. and most of the Blenheim shipment at Onehunga this week will be distributed direct to ouyers. Local chaff is over. Hay.Demand has kept up -well this year, on account of the late spring, but a splendid growth of grass during the past two or three weeks has completely altered the position, and hay is not now in much request, v Maize.—-No chaige to report. The scarcity of .wheat i& throwing •■& great demand on maize, and all consignments have sold freely at 9s 9d on the wharf in wholesale lines. If. the weather,.'gets warmer it is probable a greater demand will turn to oats, a fai better grain, than maize for hot weather. Bran and Pollard.— are in keen demand, but the inquiry for bran will prob&Mj ease off a little * now. .■- ' Fertiliser.—Demand 1 has slackened off a little, bo doubt owing to the pressure -o\ other farming work. Fortunately, Australia: bonedust has been arriving more plentiful?; lately, ' as also has superphosphates, whilt Calcutta bonedust will also be here shortly Flax.—The new season's prospects are noi at all bright. No demand is reported- fron London or New York. i/ .Kauri Arrivals are moving off ii an active market, the letter qualities beini in particularly keen request. Buyers' an already looking 'round for supplies -to mate up their. shipments for the next Vancouve: steamer. ,--"■-.■- .1 i i FOREIGN EXCHANGES,. *• Australian and N.Z. Cable' Association. (Becd. 12.5-*.m.) LONDON, Oct. 4 The following rates on foreign exchange are current to-day, compared with the cablei quotations on September SO and-the rate ruling on July 8,. 1914:— - -• .-» r ■ ■■ ' , 1914. - Oct. Sept. 30.' July 1 Paris .. 52Fr. 25c:' - 52.27 * 24.14 Stockholm .. 17kr. 43ore " - 17.55 ' 18.24 Christiania.. 24kr. 80ore 24.20 18.24 Calcutta .. Is 9Jd le 9|d Is * Montreal .. 3dol. 85c. ' . 3.83 4.87 New York.. 3dol, 49c 3.47 4.87 Yokohama . . 2s lC|d 2slOJd 2s OJ< CANTERBURY MARKETS. [BT TELEGRAPH.— ASSOCIATION.] CHBISTC3UBCH, Tuesday./ There is no* change in the oat position. Offers- from farmers are non-existent, ami apparently all the oats are in merchants' hands. 'Home) quotations, Would seem tc provide little hope <jP -outlet. • there, even with • a substantial. reduction :in .freightage. Wheat under Government regulations is foi October worth the following:—Tuscan, 7s 6d; Hunter's,'7b 9d; ; Pearl, Bs. A proportion of the washed-out areas will, it is considered.' have v bees resown, as freedom from winds, has prevented the ground from caking. The liveliest thing in the grain and seed/ market is white clover. A' local firm was in, receipt of advice to-day from London conveying' a, firm ■ offer of '335s 6d for No. 1, grade and of 320 a for No. 2, the latter of which . comprises the, average sample about. These' prices are c.ii. London. Freight and other charges would represent about,, £15 per ton, sol that the offer radicates a strong market. -There is very little white clover . now in.. farmers' hands. However, Italian ryegrass is being inquired for, but cocksfoot and'cowgrass are devoid of any movement. \__ „•, LONDON WOOL SAL^S. DaJge'y and Company, Limited."have received the following cablegram from their London office, under date October' 1:— Wool. —Sales opened withoutfimprovement. Competition hesitating; BJsSO6 v bale»- offered, of which about- half were .;. sold. .Compared with last sales closing lates Merino wools, super, were 15 per cent, lower,. other descriptions 15 per cent, to 20 per cent, lower, fine quality crossbred 10 per cent, to 15 per cent, lower, medium, and coarse -.crossbred neglected and nominally 10 per cent. 1c wer.