FINANCE AND TRADE.

New Zealand Times, Volume LXXVII, Issue 5310, 23 June 1904, Page 6

FINANCE AND TRADE.

WELLINGTON STOCK EXCHANGE. WEDNESUAV ’H QUuTATIONS.

Customs dues amounting to £3719 18s Id were collected in \\ cilinglon yesterday.

Dalgety and Company, Limited, Wellington, have received tho following cablegram from their London office, culled 2lst inst.: Tho butter market is firm for prime Victorian factory butter at from h’-ls lo 86s per cwt, but Victorian inferior factory butter is neglected, nominal quotations bong 72s to 78.3. Fine Brisbane is quoted at from 76s to 78s.

Laery and Co., Ltd.. .Jorvois quay, report the following wholesale sell.ng prices on tho Wellington market;—Wheat, fowls’3i to 3s 2d; feed oats Is 10d to 2s 2d, discoloured Is 4d to Is 7d; barley, 2s 3d to 2s Gel; pollard, £5 to £5 5a per ton; New Zealand flour £3 10s, Manitoban £8 10i3; bran, £3 to £3 10s; oatmeal, £0 10s; rolled oats (s’s' k 9s 6d; sacks ditto, £l2; oatsheaf chaff, 80s to 90s per ton; Capo bailor, 2s 9d nor bushel; maize, 2s lid to 3s 2d; fungus, Lid per lb; potatoes, Derwcnts, £2 5s to £2 15s; onions, 4s 6d to 6si; swedes, £2 to £3; parsnips, 4s to 5s ]>er sack; cabbages, 3s to ss; cauliflowers, 8s to 13s; lettuce, 3s to 6s per case; cheese, factory 5d to sld, loaf size skl; butter, 7d to 8d for pastry, inferior 5d to 6d; bacon best factory SUI, rolls 7-Jd hams 7*u nor lb; walnuts, 3d to ltd; split p<* as » 15s; pearl barley, 15s; cooking apples, 3s Cd to 5s 6cl per case, dessert 5s to 11s; pears, dessert 5s to 12s per case; pit-melons. 2s 6d to 3s per cwt; pumpkins, 3s to 4s per sack; marrows, 2s 6d to 3s 6d; -Messina lemons, 9s; hens, 2s Gd to 3s; roosters, heavy 3s to 3s Cd; ducks, 4s to ss; turkeys, hens 8s to 9s, gobblers Hs to 13a, all at per pair; fresh eggs la 7d, limed Is 3d; ryegrass, 3s yd to 4s 6d per bushel; linseed, 10s; linseed cake, Gs 6cl; Prussian blue peas, 4s to 4s 6d per bushel; partridge peas, 4s per bushel; wild ducks, 4s; teal, 2s 6d per brace; hares, 2s to 2s Gd; potatoes. Early Rose £4 lUs. Beauty of Hebron £4 10s, Up-to-Dnte £4, Flukes £4 10s, Ashleaf £5 10s; mutton birds, 6id.

. THE OIL WAR. Apropos of the recently-started war of prices amongst the kerosene kings, the following from a Melbourne newspaper will bo of especial interest in this colony;—Although the quotation for Russian kerosene in London has fallen to Sid per gallon under the stress of competition between I Russian and American interests, it does i not follow that business would be pracI ticable as an ordinary mercantile venture in the way of importing either American or Russian oil from London to Australia. The bulk of the oil on the London market is "standard white,” a description not equal to the "water white” oil imported into Australia, the Hash point for one thing being much lower, and the fire test being 25deg. less. The oil obtainable in London is in bulk, and although it might be packed into tins and cases, the expense of doing so world add : considerably to the cost, especially as this 1 expense would bo larger than in America, where tho packing is done in very large quantities on an economical basis. If it were desired to import in bulk, it would bo necessary to establish a proper organisation for the conduct of the business on a large scale, involving the expenditure of a considerable amount of capital on tanks and of distribution, in addition to getting a steamer, if obtainable. By the time everything was arranged and in working order tho conditions of tho London market might have totally changed. while the question of making use of the present disorganised state of the market to bring out a few shipments is complicated by considerations of quality and packing. It will be noted that the conflict between tli© Anglo-American Oil Company (one of the forms under which the Standard Oil Company trades) and the companies controlled by Messrs Rothschild, Sir Marcus Samuel, and the Royal Dutch Company, and represented by the Asiatic Petroleum Company, has broken out when tho days aro long in England, and when, in consequence, the consumption is light. Tho Russian oil, moreover, is inferior as an illuminant to the American oil, but superior as a fuel or lubricant.

COMMERCIAL CABLES. PRESS ASSOCIATION. LONDON, June 21. The quantity of .wheat and flour afloat is 4,065,000 quarters; on the Continent, l,yo'j,ooo quarters; Atlantic shipments, 88.000 quarters; Pacific, 16,000 quarters. Shares.—Bank of New South ’Wales, £4O ■ National Bank of New Zealand, -24 10s; New Zealand Loan and Mercantile, £B7 l others unchanged. Copper.—On the spot, ’*£s7 2s 6d per ton; throe months, £57 Is 3d. Tin—On the spot, <£ll7 2s 6d per ton; three months, .£ll6 12s 6d. Lead, £ll 8s Od per ton. Silver, 2s 1 H-I6d jier oz. AUSTRALIAN PRODUCE MARKETS. SYDNEY, June 23. Wheat, chick 2s 5d to 2s Bd, milling 2s to 6s. Flour, £7 15s. Oats, New Zealand 2s 4d, Tartarian 2s 6d, local Is lid to 2s 2d. Barley, Cape, 2s sd. Peas, Prussian blue, 3s Dd to 4s. Maize. Is 10d to 2s. Bran, 7d. Pollard, 7fd. Potatoes, New Zealand Early Rose, £5 ss. Tasmanian £1 15s to £2 ss. Onions, £2 to £2 ICK Butter, best. Sd to’Sid. Bacon, 6d to Sid. MELBOURNE, June 22. Wheat, 2s IHd. Oats. Algerian. Is Id to Is 3d. Barley. Cape. Is 6d to Is lOrl, Maize, Is lOd. Bran and pollard, Sd. Potatoes, £1 15s to £2 2s 6d. Onions, £1 10s to £1 15s, ADELAIDE, June 22, Wheat* 2s lid. Flour. £7 5s to £7 10s. Bran, 71,d. Pollard, 7&d to Sd. Potatoes £3 to £2 ss. Onions. £3 10s. SOUTHERN STOCK SALES. . * CHRISTCHURCH, June 22. There was an unusually large attendance of visitors at Addington to-day, and all branches of trade were well represented. Fat cattle—Only about 100 head were

i i j yarded. The small n i I 23s'^VHi , 'a°fcw U ims : up medium ! |(NorSh .island, :£.s to AU, cows 1U- per j j liOllj. North Island i)u!h-ck< .-oh- at X* \ ; t * x.) Us G:. Real sUors ' 15s. hrifors U. 12s i- \ lo £8 ID. one at £9 I.U. uiv;s £.*» 2s Gd to 17s Gd. 1-V.t calves—A large number of small calves verr- penned and sold from 7s Gu tii Prime vealers up to Gls . i numtor'aild f|’uaJily, l 'liiu unfavourable , reports fr nn London regarding Hie Iroz-, c! i meat market had an adverse cfleet | upon the demand. The only lots winch; rcatiseu previous week’s rates wero 1 weitiers, which attracted butchers’ attention, freezing lines and ewes generally fiibijm Ula Is Gd. Towards the close of the sale bidding became even slower and there w ere a gxal many withdraw Hf*. A small consignment, of extra weight, made oGs Gd each For regular linos quotations wore: —\\ rlher.s (one) 20s to -os Id, others JSs to 19s 9d; ewes 10 p.imo heavv 19s lo 225. medium to good iGs (id lo U’s, ethers 14s to 16.-: : merino wcuicrs. prime lo extra ICs to 2ls 9d, others KU Ud lo 15s. . Fat lambs —The number penned showed a falling-off. but seme very prime lines were included. All good lots sold at recent va'ues, but unfinished lots were rather weaker. Tegs sold at 19s 9d to 22s -id, prime lambs Us to 18s lid, others ]-ls t> 16s Gel. Store sheep and lambs —There was not a largo entry. All descriptions met a good sale. V others 18s 7d to 16s 3d, ewes 19s Id to IDs 9d, Jambs 12s 4d to Hs. Pies—There was an average entry. The previous week’s prices for fats were maintained, though tho demand was not active. while stores sold well at improved rates- Choppers sold at 57s to 7G-u bueoners 38s lo 57s 6d (or Id per U>), porkers 28s 6d to 33s (or 4id to od per lb), large stores 25s to 295, medium stores 15s to 235, email stoves 10s Gd to 14s. DUNEDIN. June 22. At Burnsido market to-day, 140 rat cattle wero yarded, the majority .only ot medium quality. Tho sale opened firmly at last week’s prices, but. eased on as it proceeded, until ridiculously low prices hail to bo accepted to effect sales, butchers being well supplied. Best bullocks £lO to £lO 10s, medium £8 5s lo £9 2s Gd. inferior £6 10s lo £7 10s, best cows and heifers £6 15s lo £7 10s, medium £5 [ 15s to £6 ss, inferior £4 15s to £5 as. Fat sheep.—2l23 were yarded the greater number being unfinished. For good sheep tho demand was as good as *( last week, but inferior suffered a decline. ’ Best wethers 22s to 24s 6‘d. medium 19s c . to 20s 6d, inferior 16s to 17s 3d, best ewes 21s 3d to 22s 9d, medium 17s to 18 9d, I inferior 14s to 15s 6d. Fat lambs.—Only 245 came forward, tho majority of medium quality. There } was a decline of Is Gd to 2s on last week’s high prices. Best 16s Gd to 17s 9d, medium 14s to 15s 6d, inferior 11s 9d to 12s t 6d, 1 Pigs.—B7 were yarded, and sold well, s Suckers 8s 6d to 10s 6d, slips 14s Cd to ISs, stores 22s to 265, porkers 32s to 375, I. baconors 40s, choppers to 535. i DUNEDIN GRAIN MARKET. DUNEDIN. Juno 22. Oats. —There has been fair inquiry for , shipping ports, B and C grade, and better ’ demand for really prime clean samples of A grade, of which, however, there aro but few offering. Holders are not inclined to accept low values, and business do- ! mg is small. Prime milling Is 44cl to Is ’ sid, good to best feed Is 3d to Is 4d, in- ’ forior and medium lOd to Is 2d. sacks extra. Wheat.—No alteration so far has taken ’ placo in values, tho trade being evidentj ly fairly supplied. There is some inquiry for prime milling, for which recent prices ’ seem barely maintained. Prime milling ; 2s lOd to 3s, medium to good 2s 4d lo ’ 2s 9d, whole fowl wheat 2s 24d to 2s 3ld, bioken and damaged Is 9d to 2s 2d, sacks ‘ extra.

hXI.UUS s;*Li--j £ d. Banks— N itiorml N Z.,L‘l. •1 10 0 _ _ Jsc'vZ -alan'l 4 1J 0 _i- i::\n<;ial — ‘ ... e o :;.z.a it. pu to., iiti. i y 15 0 W cdingtun Tnut, A Loan, Ltd. _ 7 5 0 _ Oa sAucklaad (X’/) 14 0 0 110 1 18 0 — Wellington (£10) ... 18 0 o — — Inschance— Nacioiihl of N.Z. 1 0 New Z-.-alnnd 4 8 6 4 10 0 South British of S.Z G 12 0 _ Ml:AT Pukseiiving Canterbury Frozen Meat ~ 9 0 0 N. Z, Refrigerating Co, 1 11 0 __ Wanganui Meat Co. 5 0 0 Wellington Meat Export CXdidsOd,) ... — 3 7 6 - Railways and Shipping — W.oc M. R lilway ... l y • 0 1 10 0 _ Js.Z. Shipping — t> Id 0 — Woollen Manceactuxuno— Kaianoi Wooll n ... — 0 3 0 _ Mosgiel Woollen ... S 17 0 4 0 0 We.’ton Woollon(i,’ I) — 5 4 0 _ Taupiri _ 0 19 0 _ Westport Miscellaneous — Avondale Brick A Tile Co 0 19 9 110 Donatrhy Rope anil Twine 12 15 0 13 5 0 _ D.S.C. (Auckland) U 12 3 Leyland A O’Brion Timber Co. 1 18 0 _ _ Mnunceville Lime Co 15 6 — X.Z. Drug Co. Ltd. (£2) _ 2 5 6 Palmerston N. Sash & Door _ 0 10 0 __ Sharluud A Co., Ld, (ordin rv) 12 0 _ _ Ward and Co., Ld, 4 10 ■ 6 Welling.on Kcosh l oo.i and Ice _ Par — Whitcombe & Tombs, Ltd. 4 12 6 — — A. T, Bate, Chairman C. D. Moupeth, SoeretAry.