COMMERCE & MINING

New Zealand Times, Volume XXXIII, Issue 7978, 8 December 1911, Page 5

COMMERCE & MINING

THE SHAHBMARKBT

PRESS ASSOCIATION.' AUCKLAND, December 7. Business don© at Uiu morning call of the Auckland Stock Exchange included: Waiotahi, 5s Id, 5s 3d. Waitangi (cont.), 2s 10d. Grand Junctions, 23h, 29s 3d. Mountain King, 4d. Waiiii, 57s 6d. Occidental, Is 7d. Saxon, Is sd. " Tuupiri Coal, 20s 6d, 20s 3d. DUNEDIN, December 7. Stock Exchange sales: Waihi. £2 17s 3d, £2 17a. Standard Insurance, £1 Us 6d. GOLDMINING TALISMAN CONSOLIDATED. SPECIAL TO THE a TIMES. 57 AUCKLAND. December 7. The Talisman Consolidated during November crushed and treated 460 J -.ons cf ore for a return of bullion valued at , £22,554 1b lod. The costs for the past me nth totalled 35a Bd‘por ton, made up a n follow:—ilino development 9s 4tl, mining 11a 9d. milling 12s Sd, general expenses ;13 lOd. The following cab log nun has been forwarded to London:—“No. 13 level, driving northwards from No. 6 winze, progress i6tt,-reef 16in wide, value £1 Is Id; driving south from No. 6 winze, progress 13ft, reef 36ju wide, value £2 3a 4d, noled through; sinking No. 12 winze, progress lift, reef 54in wide, value £l6 2a 6d. Paid tributers for ore crushed £765.” GENERAL MARKET CABLES By Telegraph—Press Association—Copyright LONDON, December 6. LONDON TALLOW SALES. At the tallow sales, 1062 casks were offer, ed and 580 sold. Prices realised: Mutton, fine 375, medium 33s 6d; beef, fine 34s 9d, medium 32s 6d. PRICE OP SILVER. Bar silver is quoted at 25|d per ounce standard, Tho New Zealand Loan and Mercantile Agency Co., Ltd., have received the following cablegram from their London house dated December 6th:—Tallow: Wo quote present spot values for the following descriptions:—Good mutton 35a 6d per nU, good beef 33s 6d, mixed 31s; the market is quiet. Wheat—Wo have sold an AuU&hr lian cargo at 36s c.i.f. There is very little demand, and tho outlook is uncertain. WELLINGTON & OVERSEA MARKETS PRICKS AXD PROSPECTS. SUGAE. Latest London cables announce a further fall in German beetroot by 3d per cwt, now ruling at 16s 3d for 88 por cent, not tltre, and first marks at 17s 4d per cwt, the latter being Is 4d per cwt lower. Mail advices, dated London October 7th, state that “there has been a renewal of demand from tho trade, who have been compelled to replenish their stocks. The unfavourable crop reports from the Continent have given stimulus towards higher prices. All Continental parcels remain in very small supply, and therefor© tho demand is still largely thrown upon British goods, while Java white moves off with fair freedom. According to reports received during the week saccharine is .going back in certain Gorman districts, some localities reporting a depreciation of as much art 4 per cent., and therefore it is only natural to assume that the German surplus available for export during the campaign just starting will bo on a very diminished scale compared with last season. About 400.000 tons maximum is spoken of, against 1.150,000 last season. Official reports from Prussia, comprising about two-thirds of the German area, furnish figures which point to the yield being about only half a crop. The outlook forth o trade is generally very unsatisfactory, as the deficiency will evidently turn out very serious. The only relief to the position'can come from cane countries, oilers of which can compensate in some measure for the shortage in Europe, but unfortunately supplies immediately' available are very small." EASTERN PRODUCE. Cable advice to hand this week Is to the effect that a further movement na& taken place in Rangoon rice to the extent of an advance of 10s per ton. In connection. with Australian dressed rice the market is without alteration. A very heavy demand has been experienced in all grades, and as a natural result prices remain very firm. A lower tendency prevailed during the past month, but tho market has since recovered. Advices go to show that quotations for new season s Japan are higher by £4 per ton than las* rear's opening prices. The only inference that can bo taken from this, of course, is that the position is one of undoubted strength. London mail advices report that in both Baeshin and Rangoon rice millers in some instances are only too willing to buy parcels back at an advance of 2s per cwt upon the prices at tho end of August and early in the following month. In connection with new crop a large volume of business had been done in Rangoon, and prices were expected to bo more than maintained owing to the shortage m the Siamese crop and the heavy demand elsewhere in tho East. During the past week cables report that seed crade tapioca has advanced 2s 6d per ton. pearl to the extent of 10s per ton, and i fiake is 7s 6d per ton higher. Under'date October 31st, Messrs Paterson, Simon and 00.. of Singapore, report to their Wellington agents that the market had declined since their last report, and prices are now at almost tho lowest point touched since April last. In view of the strong statistical position of this product, ii is difficult to assign any precise, reason for *d pronounced a set-back, but it seems possible that the market is rendered temporarily unsteady by tho presence of too many "bulls." Tapioca, as a food-stuff, lj not likely to bo impaired by the enhanced values ruling, and therefore w© are not able to think but that in spite o! the continual fluctations. the general tendency is again of an upward nature. In connection with ■ pineapples, Messrs Paterson, Stmon and Co. report under date October 31st that there has been an entire absence of business from th‘e Dome market, but good business had been done outside of the metropolis, particularly Canada. It is estimated that the coming pack will , total 160,000 cases, being 20,000 cases In ex- 1 cess of the winter pack of 1910-11. On the other hand, however, the carry-over is unusually small, and we fir© of opinion that unless the higher prices have seriously curtailed the consumption of pineapples we shall see tho market firmer before very long. Peppers this week are cabled a* being Jd per 1b higher for both Singapore , wb ? t© and black, and Penang has advanced l-16d per lb. In regard to quotations now for Eastern goods, these have all been withdrawn for direct shipment, and cover transit via Australia, Mail advices regarding poppers show that the future of the market was one very difficult to forecast,* but that speculators In the East wore still In favour of an advance. Nutmegs on the week -are without any change, and Gambia is higher bv 6d per cwt. Pineapples show 2's whole unchanged and IVs cubes entirely withdrawn from offer; other sizes aro from l*d to 3d per dozen higher on the week. Ginger is advised as still being firm. wH.h a fairly large volume of business resulting. COFFEE. There is no change to report in this line. The position still keeps firm, and with heavy Continental buying being in. dn l ged in for new seasons coffee, rates do not show any indication of weakening. The London market remains very high. The following comparison of the world’s stocks on September 30th are available over tho past five years, with quotations given on a London ha?E:—l9lt: Bags 17.3*3.000. uric© 68s 6d 1910: 14.751.rr0. 55«*. 1909: 16.545,000, 365; 1908: 15,203.009. 365. 1907. 10.820,000. 375. DRIED FRUITS.

Latest cables report that the position of seeded raisins in California ip a. decidedly strong one, and an advance of £4 per’ ton Is advised, with a very firm market. The

same advice is available in regard to prunes. These higher figures are based on the previous quotations which ' hand. In connection with prunes a ma.i report is to the effect that the park for practically every prune-growing district in the world this season will be on the small side, a* disaster has fallen the crops in all directions. Vancouver advices, lor instance, state that the severest rain wit£ in recollection had fallen in the Clark© County, resulting in a loss m this, f™it alone of £75,0.0 to farmers. The cold ram caused tho ripe fruit to crack, raoLud. ana fall to the ground, whereas the Iruit leit on the trees owing to want of P ro JJ9r_l u P’ shine was cither small in size or failed mature properly. It was reckoned that from 50 to o 5 would be needed to gc to tho lb in lieu of .as estimated. 40 to A-. Oregon packers advised that they coulu not deliver more than 25 por cent, ot ineir sale? of 30-40 fruit, and only 50 per cent, of 40-50‘s. The bulk of the Californian centres was expected to harvest fair Quantities, hut the siz© of tho fruit would do affected. France has also been nato as regards her harvest, nnmenso losses being reported throughout producing areas. In connection with new season's figs on tho market here, some complaints have existed and from a London advice it is stated that there, appears to bo little prospect of lower price?, as the packing will fall far short of a year's, as much of the fruit is unsuitable for putting in boxes. This was reported to bo borne out by the unsatisfactory ap- , poaranco of the lower-priced parcels or : bags, which are at a disadvantage 9° ..rD quality and price when compared y itn uomadro fruit., On the spot here a heavy inquiry has been faced formal! lines ot dried fruits, and the trade has generally been able to secure their requirements well in time for Christmas. SUNDRY LINES.

Haricot beans are reported as being held very firmly on account of supplies being exhausted for immediate delivery from tho East. London mail advices show that tho position for beans remains strong and indications on October 7th were for still higher prices. Spot stocks were undoubtedly lower than for years past. New crop beans were well inquired foi*, ana there was every indication of a very good business in spite of the .comparatively nigh quotations. PcarmU were very firm, with a email advance having taken Pl aoe *J[Y cently, Egyptian red lentils were also firm. WELLINGTON CUSTOMS. Tho Customs revenue received at Wellington yesterday totalled