FINANCE AND TRADE.

New Zealand Times, Volume XXXII, Issue 7018, 5 January 1910, Page 4

FINANCE AND TRADE.

PRESS ASSOCIATION ADVICES. LONDON, January 3. By Telegraph—Press Association—Copyright. DEILVDSTCXT-'S FOR KUKOP.E. The quantity of wheal afloat for the United ICiugfiom a.iul Europe amount* To-day. 'Week Year ago. ago. qr,. qrs. qirf. For U.K.... 2AM,000 i,’,B£ooo For Eoi-opo 010.000 1,00.0,000 705,U0‘) 3,210,000 3,205,000 2,545,000 Shipments from American Atlantic ports amount to 247,000 quarters, compared with 208,000 qua rtcrc iast_ week uiul 153,0I;0 quarters a y.ar ago. Pacih.: roast cargo v? put a/Eat total 20,0.,;) quarters, compared with 20,000 quarter* last week and bO.OOO quarters a year The total quantify of wheat and flour ylup[j.d to Europe from all exporting couuuum miring the week ended January {si vras equivalent to 9/0.000 quarter* oi wheat, compared with 1,100,000 quarters in the previous week and 020.005 quarters a year ago. The total included ccndymneals from Argentina and Uruguay, winch last week .-,ent 35,000 quarters: the amount shipped a year ago was 55.000 quarters. SILVER. Bar silver is quoted to-day at 24 3-lCd per ounce standard. AUSTRALIAN WHEAT SALES. An Australian cargo of wheat has oeen sold at 39ts 7id per quarter. Other sales reported are:—22,ooo quarters Decern her-January shipment, 39s 3d; 14,000 quarters Jaminry-Eebruary shipment, 39s 4i<i; 0000 toirs per steamer, DeccmberJanuary shipment, 40s; and 5800 tons, December sliipment, 40s 9d. CUPPER AND TIN. (Received January 4, 9.35 p.m.) LONDON. January 4. Yesterday’s closing quotations were:— Copper.—On the epot, 3s 9d higher at £6l 9d per toil; three months, 2s Gff higher at £G2 17s 6d; electrolytic, imchangwl at .£O3 10es. Tin.—On the spot, 45s lower at £lsl 15s per ton; Hire© months, 32s Gd lower ut £152 17s 6d. LONDON MARKET REPORTS. HIGH COMMISSIONERS GABLE MESSAGE. The Commerco and Tourists Division has received the following cable thorn the High Commissioner, dated Loud on, January 3rd : The produce markets in general are very quiet; nothing doing during the holidays. Matron. —Offerings aro very small, hut there is little demand; the feeling lw?re in favourable and holders are tinn. The average price of Canterbury mutton is 4d per lb, supply is running short: North Island mutton. 3i<l per lb. There is a better demand lor lamb; supplies of Australian lauio are increasing; stocks of New Zealand iamb on hand iauve been reduced to a moderate quantity. Average price oi Canterbiuy iamb 4d, other New Zealand iamb Ji<i The beef market is dull; stocks of New Zealand beet on hand axe light. The average price of New Zealand luadquarters is 3&d per -lb, forequarters J^d. The butter market is quiet but steady; there is a good demand and prospects are favourable, although some holders are anxious to sell. The average price of choicest New Zealand butter is Ills per cwt, Danish 1255, Australian 107 s, Siberian 107 s. The hemp market is quiet; small business doing. The price of New Zealand hemp is, good fair grade on spot £2B per ton, tair grade .£27. Manila fair current £27. oanuary-ilarch_ship-ments, New Zealand good fair =£27 10s, fair £126, Manila £26. The cocksfoot seed market is firm, and buyers have been offering more freely; the stock on hand* is small. The price ■of bright clean 171 b New -Zealand seed is 75s per cwt. The wool market remains firm; wool is in active demand at full prices. The hop market is firm owing to reduced supplies. (Last quotations were : New Zealand 115 s per cwt, European 150 s, United States 1405.) Shipments of River Plate mutton and lamb received during December were as follow: Mutton. Lamb, London 68,301 22,913 Liverpool ... 83,347 10,090 Hull 7,000 Nil. Newcastle ... 11.115 300 Cardiff 5,511 Nil. Ireland 1.400 Nil. The New Zealand Loan and Mercantile Agency Company, Limited, have received the following cablegram from their London house under date December 31st'‘Frozen Meat.—Mutton—Market slightly better. Lamb —Market has harder tendency. Beef—Market weaker." PHILIPPINE GOLD DREDGING. pares association. DUNEDIN, January t. Cable advice from Manila states that the Stanley Dredge obtained 102 oz for ten and a half days’ dredging. GOLD OUTPUT. THE YEAR’S FIGURES. During December-, gold to Ith® value »f 20177.064 (‘15,295 oz.) was exported from New ZeaiUnd, against £155,971 (39,566 oz.) for the corresponding month last year. Auckland was represented by £9j,OJJ worth. Grey-mouth £3-1,304, Dunedin £37,527, 'and Invercargill £10,134. The increase for the month was 5729 oz., of a value of £21,093. The silver exported during the montn .was 156,587 oz., valued at £15,6-13, against 208,765 oz., of a Wlue of £20,310 for December, 1908, or a decrease of £olUi. The totals for the year wore-.--1909. 1908. £ £ mi,; .... 2,006,910 2,004,925 SUver i 180,872 175,337 Gold shows an increase for the year of £1385 (545 oz.), and silver an increase of £5535 (82.495 oz.). fruit and produce. WELLINGTON QUOTATIONS, With the observance of Saturday and Monday as holidays in the local fruit markets, no fruit has been available tor the past few days. When the markets opened yesterday, morning there was somewhat unspirited bidding on the part .of operators, with the result that values if anything are ruling nominally. With, however, the regaining of normal conditions, it is expected that prices i- will show a distinctly bettor level imi mediately. So for the supply of local apples, both dessert and cooking, has been small, and the fruit so far has not been of a very satisfactory nature. : As the season progresses, however, beti ter quality and conditioned apples should bo available. The market has ; boon practically hare of strawberries lately, and it is most unlikely that any , more to any extent will come to hand. . Raspberries have been in fairly heavy ' supply, but as this fruit, together with block'currants, .usually suffer in demand

over holiday rvrieds to lack of time to make jam, it is anticipated that rates will advance. Some excellent samof .berries still con.mue to. aJ--ive froin'vicloria. ami i“ addition moderate quantities ],-,ve come over from both South Australia end Hobart, open-"f'e-i-eUv in excellent eonduion. The Tilt' moV’hlv shipment of Fijian IvirriTi-v; is c!ii“ here to-morrow, and ire. its will tie .ILpbscd of, mostly oomlemons and passions. ViVpies t-h-mee desert (local) 5s Cd to OS <W half-c-a- ■, prime 4s la ss; cookers, prime large C, to Cs 9d case, prime ordinary Is to ss; strawberries, choice is Cd to 3s box. prime Is to 2s; peaches, (•.home sound (£ Cd to 7s 3d liaJl-case, prime 5s (51 to Cs; black currants, 5s i;,l io Cs (si half-case; raspberries, 4s Cd to (is bucket; grapes, Is Cd to 2s U>- plums choice Japanese 4> Od to a* Cd' box * onlii::vrv 3s to Is; apricots, olioiuo 7s Cd to St. Od half-ease, prime '.s' t'» 7- ; .cuo-H-hm-rio:., ripe 3s to 0s 0d 1 h”il'-e'-sc'* 'icniaUx’S, choice 10s to 12s hait-case; prime 7* Cd to 0s inferior 5s to Os 0d; lemon's (local). 4s to as case; pasrion* (local), Cs to 8s case. POTATOES AND ONIONS. A good inquiry was faced ye-scor-day for new potatoes, hut supplies were Iciiriv plcnutul auu no change i» to bo ivc ;rdcd on List quotations. Southern tubers .should shortly be making their n Jvi.ut, and tise-o will teud to keep the market from advancing. So far no new Itx.’al onions have made their appearance, aud the market is depending upon arrivals of Victorian in the meantime. New potatoes, prime 7s Gd to Bs Cd, inferior 5s to Gs; onions, £8 10s to A 9 ton. OTHER VEGETABLES. Much heavier quantities of all lines of vegetables aro now reaching the markets, and generally the to no is easier. Cauliflowers, choice 5s to Cs sack, prime 4s to 4s 9d; cabbages, choice 5s vo 7s sack, prime 3s Cd to 4s; lettuce* Is Cd to 3s case; green peas, choice 8d to Is peck, prime id to Gd; swedes, 35s to 40s ton; cucumbers, large fresh 5s to 8s dozen, small 2s to 4s; broad beaus. 3s to 4s half-sack; French beans. Id to- 2d lb; carrots, 5s to 7s sack; pumpkins, 5s Gd to Ss sack; marrows, Gs to 8s sack; beetroot, 4s to 5s sack; turnips, 3s Gel to 4s Gd sack. EGGS. The advance which took place last week in. the value of fresh eggs is still maintained. The current value is Is 3d to Is 4d dozen. Laory and Co., Ltd., Wellington, rollout wholesale orices ruling on the market:—Wheal, fowl 4s 8d to As lOd; feed oats 2- 2d to 2s Gd. Dun oats 2s 4d to 2s Gd, seed cats 2s 4d bo 2s Gd; maize, 4*5 to 4s 3d; crushed malt, 7s; fowl barley 2& ■id to 2s Gd, Capo barley seed 2s Gel to 2s 9d; flour. Noav Zealand Jill 5s to <£ll 10s; Australian, <£l2 to <£l2 10s; bran, £3 15* to £4; pearl barley. 15s; peas, ihus.-iaii btuo 5s 3d bo 5s Gel, split, .£l7 10s; boiiodust, £5 15s; superphosphates, .£5 to £5 ss; pollard, £4 15s to £5 10s; basic slag, £4 10s; chaff (oatensheaf), £3 5s to £3 15s; oatmeal, £ll to £ll 10s; potatoes, old table, £2 to £3; potatoes, new. £5 to £8 10s ton; Victorian onions, 3s cwt; molasses fodder, £5; bacon (factory) rides hams 7ril, rolls 7^d; butter, prime bulk, Bd. Poultry— Hens, to 3> Gd; ducks, 5s to 5 g Cd; turkeys, gobblers 18s to 20s, hens 10s (to 14s; fresh eggs, Is 3d to Is 4d per dozen; cheese sjd to Gd lb, loaf. 7d to 71 d; Akaroa mnehinedressed cocksfoot to 8d per lb; farmers’ dressed cocksfoot 5d to 6d per lb; ryegrass, 3s 9d to 4s 6d per bushel, Italian ryegrass, 3s Gd to 4s Gd bushel; white clover 70s to 75t> tip: cwt, red clover, 75s pox owt; cow grass, 75s per owh; alsike, 82s Gd cwt; mustard, 40s owt; rape seed 26s cwt; timothy. 32s 6d cwt; Swede and tuxnip seed, 50s to 60s cwt. The Customs revenue received at Wellington yesterday totalled £1796.