COMMERCIAL

New Zealand Times, Volume LI, Issue 9138, 8 November 1890, Page 2

COMMERCIAL

New Zealand Times Office, Friday Evening. A very fair amount of business has been transacted during th© past week, both as regards the town and country trade. A shipment of currants arrived by the Kakaia, and are selling at sid to s£d. Present stocks are almost exhausted. A shipment of sultanas which arrived last week have been sold at from B§d to 9d, and there are inquiries for more from outside Wellington, although the quality is not very good. Elemes, the st'ck of which is very light, are selling at oiq. With regard to the London market for suletc., a London firm reports as follows Sultanas—With a very short crop we have had a most excited market, and prices rapidly advancing. It is quite impossible to judge what the future course may be, hut figures must c mtinue high. At present they are 52s 6d to 54a Gd ex warehouse here ; 64s to 55s for direct shipment, c.i.f. colony. Figs—These require very careful buying this season, the first arrivals having been of inferior quality. The market is firm, and we are quoted 43s t« 45a, c.i.f. colony. Muscatels—A large crop is expected, and we anticipate that prices will

open at about the name figures as last season, the shipping demand always keeping prices up unnecessarily. Dates Brices talked about for the new fruit are high, 19s to 20s being quoted for ordinary brand**, c.i.f. colony, but we expect to buy much better later on. The Indian and Ceylon teas continue very firm. The latest advices go to show that the import of China tea to the colonies will not roach more than 16,000, OOOIbs, as against 21,000,0001bs for last year. Tno Wairarapa, which arrived yesterday, brought a fresh supply of Japan rice into the market, which wai quite bare. This article is selling freely at L3O per ton. The new rice, which will arrive in January, will come in at ft Sugars remain the same as last week. The supply of London sperm candles received ex Himalaya have gone into consumption, and the Rakaia is now landing further supplies, for which orders are coming in .* r , If the prices ruling in London are maintained, higher prices maybe looked for next winter. Van Houten's cocoa is still scarce. With the heavy shipments of kerosene coming forward, [lower prices may be looked The Hauroto, which arrives on Monday from Sydney, brings a supply of Juno tobacco, which is almost out of stock. Derby tobacco is also running short. , , The salt market is very much overstocked. The stocks cf woolpacks are decreasing. Business is brisker in the metal and hardware lines. , Castor oil is quoted at from 3s 7d to 3a od per gallon, and turpentine at 3s Bd. There is a fair demand for barbed wire, which is selling atL23 to L2Bloj. Milling wheat is in fair demand. Flour has had a slight decline, as millers seem inclined to cut prices to induce sales. Oats are rather bard of sale, and prices are a shade lighter. Bran and pollard—Fair sales have been made of the latter, while the former is almost unsaleable. ... Chaff—Oaten shea! is rather scarce, while straw oaten sheaf is slow of sale. The fresh butter market is glutted. There is very little doing in salt butter. The demand for new potatoes Is increasing dl Old potatoes—The market is still glutted. A good demand exists for hams and bacon, the supply not being equal to the demand. Onions—Very scarce. . For old season's cheese prices remain at former rates. New cheese commands high rates. Baled straw is in f airldemand, and prices have advanced owing to increased freights. Poultry is in good request. Eggs are advancing. Further supplies of pines and bananas are expected ex Omapere #< from Fiji. Fruit of all kinds commands fair prices. Laery and Co. report prices for the past week :—Old potatoes, 15s to 30s ; new do, 7s to 8s; oats, Is 0d to Is lid; pollard, 70s; bran, 60s; chaff, 67s to 72a 6d; oatmeal, L 9 10s; fowls 1 wheat, 3a 3d; roller flour, LU; stone flour, LID 10s; wheat, meal, L 10; milling wheat, 3s 9d ; cheese, 3Jd to 4d; eggs, BJd to 9d; turkeys, 7s 6d; geese, 6s; ducks, 3s 9d ; fowls, 3s 6dper pair; make, Ss; beans, 3s to 3a 3d; feed peas, 3s fid; garden do, 7s 6d; bacon (Dimock’s cure) 6*d ; hams, 8d; oranges, 10s; onions, pnme 7s to 9s ; new dates, bid : old do. 4d; apples, cooking lls to 12s; Hobart eating, 11s to 14s; Barcelona nuts, 6id; almonds nuts, Did; Brazil nuts, lOd; peanuts, 2id; lemons, 7s to 12s; cocksfoot grass seed, 3d to 4d; honey. 3d to4id; hops, Bd, nominal; cocoanut fibie, 2d; butter, dairy made, 5d to 6d ; factory made, 7d; salt butter, 6d to 7d ; rhubarb, 3s 6d to ss; green peo.a t Is 2d; cucumbers, 9a per dozen; gooseberries, 3s half case. Messrs Kitchen and Son report as follows Although the coal difficulty is about ended, there is no probability of stearine candlea being reduced as anticipated, and prices are firm at C|d for Pyramids and 7|d for Exhibitions. There is no change in [paraffin candles at 7£d for fluted and plain. Soaps keep in good demand, and prices are likely to advance owing to the increased cost of chemicals. Soda crystals have advanced, and are firm at L 6 15s per ton. There are no alterations in blacking, 3s 9d cross ; extract soap, 30a per cwt; blue, 6id per lb ; flavouring essences, 4s fid per doz. There is a good demand for domestic servants, female cooks in particular. At Messrs Stevens and Gorton’s monthly sale yesterday there was a large entry of stock of all kinds. The attendance was good, and bidding brisk. The prices realised were as under, viz. Fat bullocks, L 5 5a fid to Lslds; fat cows, L 3 fis fid to L 3 19s fid; good forward bullocks, L 4 8s fid; forward cows, L2 Us to L2 15a; three-year-old steers in low condition, L2 19a to L 3 Ba fid; 18 months* steers, LI 18a ; two and a half year steeds, L2 14a; fat wethers, 13s 9d to 14s 9d; fat ewes, 13s Id to 14a 3d; dry ewes, various prices, from 9s Id to 12s 3d; woolly hoggetts, 10s 4d to 11a lOd ; ewes, with lambs, various prices from 13a 3d to 14s 9d; Romney ewes, with lambs, 15a 4d; pure bred Romney ewes, 16s 3d. A considerable number of horses of all kinds also changed hands at fair prices. . . Messrs Truebridge and Reich report for week ending November Bth Local—Wellington Trust and Loan, buyers L6l2s fid; Wellington Building. L 6 ss; Equitable Building, L 7 J Manawatu Railway, sales 16s, buyers 16s i Gear Meat, buyers L 5 5s ; Wellington Gas, buyers Ll 6; Meat Export, L4los; Wellington Woollen, 40s. Banks—New Zealand, (old) L 5 2s 6J, (new) sellers L 4; National, 36s 6d; Colonial, 41s. Insurance .New Zealand, 65s ; South British, 26s 6d; National, 15s 3d ; Union, buyers 25s 6d ; Standard. 136 6d ; Colonial, buyers 9s 3d; New Zealand Accident, sellers B.s 6d. Miscellaneous—Loan and Mercantile, 50s; National Mortgage, 10a ; New Zealand Shipping, sellers 92a 6d ex div; New Zealand Drug, buyers, 18s 9d; New Zealand and Elver Plate, sales and sellers 14s, buyers 12a 6d. Messrs Harcourt and Co. report for the week ending November 7: —Sales effected— Colonial Banks, 41s; New Zealand Loan and Mercantile, 50s; Wellington Building, L 6 6a 6d ; Meat Export, 90a. Quotations—Bank of New Zealand, old L 5 2s, new 78s; Colonial Bank, 41s; National Bank, 36a 6d. InsuranceNational, 15a 3d ; New Zealand, 65a; South British, 26a; Union, 25a 6d ; Standard, 13s 6d. Miscellaneous —New Zealand Shipping, 90s; Now Zealand Loan and Mercantile, 50s ; National Mortgage, 10a 6d ; New Zealand and Elver Plate, 14a ; New Zealand Drug, 18a 6d ; Mosgiel Woollen, 80a ; Kaiapoi Woollen, 35a; Wellington Woollen, 40a ; Equitable Building, L 7 2a 6d; Wellington Trust and Loan, L 6 12a 6d; Wellington Building and Investment, L 6 6a 6d ; Wellington Gas, Ll 6 6s; Wanganui Gaa, L1210s; Wellington and Manawatu Railway, 16a ; Gear Meat, L 5 6s; Westport Coal, 50a. Mr Dransfiold reports on the share market for the past week:—Sales effected—Bank of New Zealand, old issue L 5 3a 6d, new Lo 19s; Colonial Bank, 41s; Wellington Woollens, 40s ; Gear Meat, L 5 ss. Quotations—Wellington Trust and Loan, LC 15a; Wellington Building, L 6 7a 6d; Equitable, L 7 2a 6d ; Manawatu Railway, 16a 6d ; Wellington Gaa, Ll 6 sa; Meat Export, L 4 10a. Insurance: New Zealand, L 3 4s; South British, LI 6s; Unions, LI 6s 6d; Nationals, 16s; New Zealand Accidents, 83 fid. Loan and Mercantile, L2 lls; New Zealand Shipping, L 4 15a ; New Zealand Drug, 18a 6d; Westport Coal, L2 Bs.