FINANCE AND TRADE

New Zealand Times, Volume XXXII, Issue 7021, 8 January 1910, Page 4

FINANCE AND TRADE

LO.VDOX FINANCIAL CABLES. Gy Telegraph—Prcaa Association—Copyright. LONDON, January 6. CANK OP ENGLAND KATE REDUCED. Tho directors of tho Bank of England liavo lowered tho rate of discount from 4i per cent., to which it was reduced on December fitb. to 4 per cent. COMMERCIAL CABLES. LONDON, January 6. SILVER. IJar silver is quoted at M3-16tI per ounce standard, unchanged since Monday, MINING NEAVS. MOUNT X. YELL, IJETUENS. MELBOURNE, January 7. Tho Mount Lyell returns from December 2nd to 29th, inclusive, show that 27,934 tons of ore and nine tons of purchased ore were treated, which yielded 539 tons blister copper, containing 532 tons copper, 4c,552 ounces silver, and 1105 ounces gold. CHRISTCHURCH GRAIN MARKET SALES OF WHEAT. PIIESS ASSOCIATION. CHEISTCHUBCH, January 7. There ia a fair amount of business passing in lust season's 'wheat, holders now being more anxious to sell before the new erop comes in, and millers are requiring to replenish their stocks. Prime milling wheat is realising 4s 2d to 4a 3d, and ■second quality 4s to 4s Id at country stations. Among sales reported during the week are 1500 bushels of Pearl at 4s 3d, 1000 bushels at 4s 3d, 12,000 bushels at 4a 2d. 1001) bushels at 4s 2d, 1200 bushels of Tuscan at 4s Id, and 1000 bushels of Hunter’s at 4a Id. A fow samples of new oats have been submitted, but no business is yot reported. It ia reported that tho barley crops being threshad out of stock are not turning out well. NAPIER WOOL SALE. SOME HIGH PBICES OBTAINED. PEESS ASSOCIATION. NAPIEK, January 7. The wool sale wae continued this morning, and considering that the offerings were not as good in quality as those submitted in December, and that the wool was in heavier condition, prices are generally regarded as uatisifactory. Comparatively few lots were passed in. Coarser qualities of wool sold remarkably well, and advanced from id to Jd per lb, while medium qualities were sold on a par to id under last sales. The great feature of the sale was the strong demand for lambs’ wool, also for good qualities of pieces and locks for th Continent, and high prices were realised. A line of super half-bred lambs’ wool from John A. MaoFarlano’s Ben Lomond station realised 14id, and a line of halfbred fleece wool grown by Lachlan McLean of Glencoe station, Maraekakaho, fetched 14Jd. SALES OF LIVE STOCK. BEOKEES’ REPORTS. N.Zu Loan and Mercantile Co. At Apitl on Tuesday a fair yarding of cattle came forward. Sheep, no doubt owing to the flush of feed, were not yarded. Cattle were in good demand. Yearling steers £2 2a 6d, mixed yearlings (small) 255, yearling heifers £2 2g fid, 2year heifers £2 15s. 15-months Heifers £2 10s, vealers 23s 6d, cows In milk £4, 2i to 3-year steers £4 6s, bulls to £2 6s. At Eonglwahla on Wednesday a good yarding of sheep and a fair entry of cattle came forward. Two-tooth wethers 8s 5d to 8a 7d, 2 and 4-tooth wethera 10s 4d to 10a 7d, mixed lambs to 6s 7d, aged ewea to 10s 2d, 15-month steers, £2 15s, 2-year steers £3 sa. mixed weaners 26s fid. At Feilding yesterday we had fair entries of,both sheep and cattle. Sheep sold at rates rather lower than those ruling before tho holidays, but cattle were in good demand, young sorts selling particularly well. Shorn owes and lambs (all counted) 5s 5d to 5s 9d, forward 'wethers 10s, rams 22s fid to 32s fid, store cows £Z 2a 6d. forward cows £6 ss, bulls £2 2s, weaners 21s to 22a fid. There was a fair yarding ‘of stock at our Levin sale yesterday, and a fair attendance. 5 Bidding was rather slow. However, we managed to quit everything tout one pen. Three-year-old steers £4 7s fid, 2-year-old steer £3 Us, fat cows to £4 10a fid. Dalgety and Co, At Levin yesterday a small yarding of sheep and cattle sold well. Aged ewes and lambs fis Bd, a nice lino of forward bullocks £7 10s, fat bullocks £B, empty heifers £3 9s fid, empty cows (aged) £2 lls, winter calves £4, fat heifers £4 14s, light heifers £4 9s, forward cows £3 19s, heifers in calf £3 2s. We had a largo entry of sheep and a fair entry of cattle at Feilding yesterday. Woolly ewes and lambs 9s 2d, shorn ewes fis 7d, 2-tooth ewes 12s fid to 12s lid; 2tooth wethers 9s 8d to 9s lOd, shorn lambs 4s fid to 4s 9d, forward cows £3 fis io £3 Ba, fat cows £5 19s, 2-year steers £2 Üb, bulla £3 7s to £4. Abraham and Williams. At Levin yesterday we had a fair yarding of sheep and a good yarding of cattle. Sheep met with a dragging sale, but wo were successful in placing every pou after tho sale. Cattle sold readily at recent rates. Two and 4-tooth wethers 10s to 10s 7d, fat ewes 10s 2d to lls, rape lambs (woolly) Bs, weaners 20s to 23a to 255, heifers in calf £2 17s fid, fat cows £4 to £4 153, fat bullocks £6 7s fid, forward cows £3 fis to £3 10s, * springing heifers £4 10s to £4 15s, 2ryear steers £3 16s, 18months to 2-year steers £3 2s, 18-months heifers £2 2s fid to £2 Us fid, store cows 37s fid to £2 12s fid. bulls £3 to £3 5s to £4 ss. FRUIT AND PRODUCE. r WELLINGTON QUOTATIONS. Ample evidence is now in existence in the local fruit markets of tho advent of tho majority of lines of small summer fruits. Over tho holidays there appears to have been a slackening in the demand upon tho part of buyers, but they have now- fully recovered their confidence, as despite much greater quantities coming to hand, prices if anything, with the exception of probably only tomatoes, have advanced. As predicted, both raspberries and black currants have been receiving moro attention at the sales after the holidays. Apples of tho best quality are atill scarce, but some excellent samples of peaches are coming to hand, of which fruit there appears to bo an abundance this season. Tho demand for citrous fruits has fallen off considerably, duo no doubt to the many varieties generally of other descriptions being available. Only spasmodic supplies of strawberries ftro coming to hand, principally from the South, which do not meet with tho same inquiry as Auckland-grown berries. The usual monthly shipment of bananas arrived yesterday, and a heavy aggregate ia being handled in tho local market. A fair proportion of the fruit opened up in irregular condition, doubtless duo to the hot weather being experienced. A small (quantity of cherries arrived from Mci-

bourne and Hobart yesterday, and excellent competition was given to fruit which opened up in good order. Apples, local dessert 6s to 8s case, cookers prime 5s fid to fis fid case, fair 4h to ss; grapes, choice Is fid to la 9d; raspberries, choice 5s fid to fis fid bucket; fair 4s to sj; strawberries, choice Is fid to 2s box. prime Is to Is. 4d; peaches, choice 4s 0d to 5s half-case, prime 2s fid to 4s; black currants, choice sound 7s fid to 8s fid half-case, prime 5s fid to fis fid; gooseberries, choice ripe 5s fid to fis fid half-ca;-:e; tomatoes, choice fis fid to 8s fid JialfuasL!, prune 5s to 6s; nectarines 5s fid to fis fid half-case; passions (local) fis to 7s half-case; lemons (local) 5s to fis case; plums, choice favourite varieties 3s fid to 4s fid box, prime ordinary 2s 6d to 3s; apricots, choice 5s fid to fis fid half-case, prime 4s fid to ss. POTATOES AND ONIONS. Steady supplies of new potatoes are now reaching tho local markets from the Wellington ami Auckland provinces. So far no Southern-grown have yet come to hand, but inquiries have been made from that quarter, and doubtless next week will eoo initial shipments arriving. Moderate quantities of onions continue to arrive from Victoria each week, and as a decline has taken place in Melbourne, values hero have fallen correspondingly. Potatoes, choice now £7 10s to £8 10s ton; good £6 to £7; onions, £7 10s to £3 10s ton. OTHEE VAEIETIES. Generally, all lines aro in sufficient supply to meet the demand from day to day. Cabbages are inclined to exhibit a scarcity, however, and this probably is tho only description which has not declined to nominal levels. Cauliflowers, choice 5s to fis sack, prime 3s fid to 4s fid; cabbages, choice fis fid to 7s fid sack; prime 4s to ss; cucumbers, largo 5s to 7s dozen, small 2s to 4s; French beans Id to lid lb; lettuce Is fid to 2s fid case; rhubarb 2s to 4$ dozen bundles; green peas, choice fresh 8d to lOd peck, prime 5d to 7d; broad beans 3s to 4s half-sack; carrots 4s to 6s sack; marrows fis to 8s sack. | FBESH EGGS. The market hardened during the past ( week, but there aro symptoms o£ an easing. Tho present value is Is 2d to Is 3d. POTJLTK-Y. The strength of tho market in evidence some days back has now passed, and as supplies are liberal prices are generally easier. Good heavy roosters 4s to 5s pair; hens 3S to 5s fid; ducks 4s fid to fis pair; turkeys, gobblers 18s to 22s pair; heus 7s to 9s. Laery and 00. Ltd., Wellington, report wholesale prices ruling on the market:—Wheat, fowl 4s 8d to 4s ICd; feed oats, 2s 2d to 2s fid. Dun oata 2s 4d to 2s fid, seed oats 2s 4d to 2a 8d; maize, 4s to 4s 3d; crushed malt, 7s; fowl barley, 2b 4d to 2a fid. Capo barley seed 2s fid to 2s 9d; flour. New Zealand £ll 5s to £ll 10s, Australian £l2 to £l2 10s; bran, £3 15s to £4; pearl, barley, 15»; peas, Prussian blue 5s 3d id 5s fid, split, £l7 10s; boneduat, £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 10a; potatoes, old table, £2 to £3; potatoes, new, £5 to £8 10s ton; Victorian onions, 7s fid to 8a fidewt; molasses fodder, £5; bacon (factory) sides 73d. hams Bid, rolls Bid; butter, prim© bulk, Bd. Poultry— Hons, 3s to 3s fid; ducks, 5s to fis fid; geese, fis to 8s per pair; turkeys, gobblers 18a to 20s, hens 10s to 14s; fresh eggs, la 2d to lg 3d dozon; cheeso 53d to fid lb; loaf, 6£d to 7d ; Akaroa machine-dressed cocksfoot, fid to 8d per lb: farmers’ dressed cocksfoot. fid to fid per lb; ryegrass, 3s 9d to 4s fid per bushel, Italian ryegrass, 3s fid to 4a fid per bushel; whit© clover, 70s to 7fis per cwt; red clover, 75s per cwt; cow grass, 75s per cwt; alsike, 82s fid cwt; mustard, 40s cwt; rape seed, 2fis cwt; timothy, 32s fid cwt; Swede and turnip seed, 50s to 60s cwt. GOLD RETURNS. WAIHI AND TALISMAN. PRESS ASSOCIATION. AUCKLAND, January 7. Tho Waihi Gold Mining Company during twenty-three days in' December treated 33,253 tons of ore for a return of bullion valued at £72,564. For tho broken period ended December 24th the Talisman Company treated 3240 tons for a return of tho value of £14,428 83. Tho Customs revenue revolved at Wellington yesterday totalled £IBB6.