FINANCE AND TRADE.

New Zealand Times, Volume XXIX, Issue 6326, 28 September 1907, Page 6

FINANCE AND TRADE.

LONDON COMMERCIAL CABLES. PRESS ASSOCIATION. LONDON, September 20. At the wool fiulets tlie average price • realised for flock portions of’ tiio lollowing clip wore: —Bantu Crossbreds were fully equal to July rates. Merino were 7£ per cent, higher. The Bale fixtures for next year aro: 21st January, 17th March (unlimited;, pith May, 14th July, 29th September, and 24th November. Limits will be fixed later, if necessary. Copper On spot, £ 65 10s» three months, .005 15s; electrolytic, £69. Tin—On spot, -6168 10s; three months, £165 15»*. JLioad, £2O ss. LONDON WOOL SALES. Dalgety and Company, Limited, have received the following cable message from their London hou.->e, under date of the 26th inst. The quiintity of now wool to bo admitted is not limited, and fill arrivals up to within eight days of the opening of the sales will bo admitted. The salt's have been fixed to open tm January 2lsfc, March 17th, May 12th, July 14th, September 20th, November £4th, Ist, 2nd. 3rd, 4th, sth. and 6th scries respectively. Other sale*, if any, to bo arranged for lator. Sales opened firm, and lately reported rates are fully maintained. Merino woo Iff—Brices aro, tm the average, 7£ per cent, higher than opening rates of last season. Crossbred wools—Prices are, on the average, 5 per cent, higher than opening rates of last toason. Alodium crossbred wools—Prices' rt© unchanged. Course crossbred wools —Price© are, on the average, at par to & por cent, higher than opening rates of last season. numbs* wool —Prices ar©,on the averng", 5 per cent, higher than opening rates of last season. LON DON MA KELTS. Dalgcf*' end Company. Limited, ■Wellington. h;;c '-Dceivr-d the following sable n'C'i ILc in Lnnlmi house, under d;>:e <n the 23th in.-t,- 1. 1: Butter —The ;nf;ri;nt is firm, and better for »pot than (Infant. The Gojoiijr.gen official quotation irf unchanged. The total imports o: butter into tho United Kingdom for week ending 21st instant amounted to 70.000 cwt., us compared with 81,000 fv.i. for the corresponding week of 15'{.. Frozen meat —Frozen lamb: Market dull. Wo look for a higher range of pricee in the near future. Hidetj—Market dull. Leather— Any change in prices is in favour of .buyer. Basils —Prices are firm. The New Zealand Loan and Mercantile Agency Co. has received the following cable from London under Friday's date.—Wo quote present spot values for the following descriptions of tallow—Fine mutton 34s 6d, good beef 32s 6d, mixed His 9d por cwt. Market for fine mutton and good mutton inactive. Sheepskins—Combing merino sheepskins have advanced $d per lb since last sale©. Clothing merino sheepskins have adranced £d per lb, coarsebred sheepskins ihort and shorn sheepskins have declined id per lb.

Messrs Murray, Roberts and Co. have received the following wool market cablegram from their London house, Messrs Sanderson, Murray and Co., dated September 26th:—Wool.—The market is firm. Merino has advanced 5 to 7i per cent. Sheepskins—Merino have advanced a halfpenny. For fine crossbred the market is firm, and for other descriptions the market has declined a farthing to a halfpenny per lb. TRADE m THE CITY. WHOLESALE AND RETAIL BUSINESS. The operations of retailers are still hand-to-month, and distributors have again to record a week of quietness. With only October to get through the inertia of the market soon, will be a thing of the past, and the troublous times consequent upon the revision of the tariff will pass. With the necessaries of life cheaper, consumers will have increased spending power, and this will reflect on the wholesale houses. The trade may congratulate itself on the fact that the duties are not often subjected to the “pruning-knife” of Parliament. Dried Fruits. The first reports regarding the damage to crops of Mediterranean currants are now confirmed, and yesterday's cables announce that prices have firmed 3s cwt mi late quotations, with further advances likely to follow. The high figures now obtaining for currants will doubtless, as before pointed out in this column, move up sultanas in sympathy. Shipments of the new fruit are not expected to reach Wellington until the second week in November. Prunes continue to rule at high rates at producing centres; in fact, the market has firmed. Figs and dates show no appreciable alteration. Dried apples are landing at about 6£d lb. Canned Fruits. Splendid business is reported by some distributing houses in regard to wellknown brands of Australian canned fruits for both immediate and forward delivery. Although a heavy demand has set in, no alteration in values is recorded. Frimley prices have been named for the coming season. The high values of American lots continue to absolutely prohibit business in them, 1 Fish. Later advices to hand confirm the unfortunate position of the French sardine catch. The shortage has firmed values considerably, and the large percentage of strikes, with the difficulty of securing the usual labour, has tended to enhance the value. Locally there is little or no inquiry for sardines in C dL Smoked, however, continues to meet a good demand. Salmon quotations continue to be kept off the market, owing to reasons already stated. Kerosene. The next shipment from New York Is expected by the Kish, Present stocks are reported fully equal to requirements. Rice. In spite of the high prices ruling this reason as compared with previous years, toe demand continues brisk. It is anticipated that a further advance will take place in the price locally, as the commodity cannot be landed to-day at the figures now ruling. In China rice, to the high cost, very small business is reported passing. Singapore Produce. Small pearl, which had been declining, has since recovered, with a fair demand, being faced. On the other hand, brown sago continues to meet good inquiry, owing to the much cheaper cost. Seeing that brown contains more nutriment than white, and answers the same purpose, there is no reason why a strong market should not eventually result. Singapore pineapples have been advancing, and, compared with two months ago, prices are fid dozen higher. Desiccated Oocoanut. This line continues to move off freely, with rates last reported well up. Ginger. Soles are reported at 4Jd to 4|d for preserved crystallised, with a steady demand. Tea. No cable advices as to the Ceylon market have come through this week, owing no doubt to the fact that the usual auction day (Wednesday, 25th) was a holiday. Previous advices pointed to the high rates recently announced still ruling. Cream of Tartar. From innufries made at the Customs,

it appears that the duty on this article will not be removed until January 31st, whereas the original proposal was for the impost to be taken of! on and after October 31st. On the other hand, bicarbonate of soda will come in duty free on tho 31st proximo, its present tax being Id por lb NEW ZEALAND PKODTJCE. Cheese. Supplies aro somewhat scarce, ponding new .seasons being available; C£d to 6:ld is ruling. Butter. Very little new season's is yet offering. Prime separator lOd to 101 d, dairy fid to fid. Chaff. The market continues firm, with last rates unchanged. Prospects are that no decline is likely. Maize. A fair amount of business is taking place with Sydney, where values range from 2s 8d to 2s 9d bushel. Flour. During the week another advance of 10s per ton has boon made by tho New Zealand Flonrmfilers' Association, making an increase of 20s ton during the past fortnight. The South f.o.b quotation is now £ll per ton. The Australian markets are high, latest quotations announcing £9 15s to £lO for Sydney. This, with tho duty, does not allow of competition with the local product. Fowls’ Wheat. Very little business is being done with the South, owing ’to the continued stringency of the market. Late Southern quotations are 4s 7d to 4s 9d f.o.b. Oats. A fairly heavy quantity arrived from Australia yesterday. Operations with Southern districts continue meagre at 3s to 3s Id, THE GRAIN MARKET. CHRISTCHURCH, September 27. There is a firm tone in the grain market. but no business is passing. There is no wheat offering, and though thero is a good local inquiry for oats, supplies are difficult to get. Chaff is also firm. The Customs revenue received at Wellington yesterday totalled .£6354. WELLINGTON STOCK EXCHANGE. YESTERDAY'S QUOTATIONS. A good amount of attention was shown in tho Exchange yesterday. The only actual business done was in Christchurch Meat Company’s, which changed hands at £lO 10s. In tho hank division, sellers of National at £5 9s were still available, whilst New Zealand came forward at AlO, but mot no response. The financial category wore well to the fore with buyers, and sellers in the same section had no inquiries. ’ A buyer of National Insurance at £1 7a 3d was available, whilst .a disposer offered at £1 7s 6d; and New Zealand were quoted by a seller at £4 2s 6d. Coal came to light with inquiries for Westport and Westport-Stock-ton. In the raining department a lot of attention had been bestowed, but although a Talisman seller was threepence in advance of buyer the difference was not met. Buyers of Kuranui at Is 4d met a response at la 6d; and Mountain Rimu Timber, with a seeker at 22<i 6d, found tho lowest seller at 23s fid. with no exchange.

DUNEDIN "STOCK EXCHANGE. DUNEDIN, September 27. Stock Exchange sales. —Rising Sun, 19s fid; Nelson Creek, 7s fid; New First Chance (three parcels), ss; Rise and Shine, 21s 3d. GOLD RETURNS. PRESS ASSOCIATION. DUNEDIN, September 27. Dredging returns. —Electric No 2104 oz 15dwt, Mystery Flat 60oz sdwt, Waikaia 340 z, New Perseverance No. 1 31oz, Masterton 240 z sdwt, Hartley and Riley 17oz, Garden Gully Ifioz 18dwt, Hesseys 12oz 14dwt, Switzers 12oz 12dwt, Central Charlton 13oz lOdwt.

BUTKR3 * ■ in. Situ i. a i. a B-urxs— National of N.Z., Titd Now Zealand z B 9 io a o —" 0 — THUXCUL — Equitable Building Co., Ltd Metropolitan Permanent, £10 National Ifortgate Loan & Meroautilo.. K.Z. and R.Plate .. "W'gton. InTestmtat Wgtn. Treat Loan .. Wellington Sipcitt and Mortgage .. 10 0 11 0 a » 1 9 7 8 • 0 0 3 0 o 7 0 13 0 10 0 — 1 ' — 0 — Ola— Qisbvrne Haw era Wellington, £5 .. i T 9 10 0 0 2 13 0 — IxiDuxon— National ol N.Z, New Zealand 1 V 8 1 7 4 2 0 — 6 — UHATFmaSCKTIKO— a 7 a e s 0 _ We 1 linglon M«»t, £1 2s «d lUlLWATSAWD Sll» "*£ 8 t 0 18 0 12 0 — 0 — s — Wgt'n-Manawtn W'gVn Ferry, jEX ,. Wettaorh Westport -Stookton, Ltd , 6a 6d paid .. 7 14 0 7 0 0 — : Mia Dona Tw Kauri Mann by Bop« ind ne Co Timber IS/- pd. □ g & Co., Lv*. 0 7 9 5 7 4 • 6 — 0 — bar sain Rimu'XimCo. 1 2 S 1* 8 0 1 B 0 14 6 — Taianvki Petroleum, Jlpaid Wellington Opera Home 0 14 0 5 10 2 7 3 0 1 2 7 8 12 6 — 6 — 0 — w» 0 aoiu.si. ve .. 0 11 0 18 0