COMMERCIAL SUMMARY.

Otago Daily Times, Issue 12564, 19 January 1903, Page 9 (Supplement)

COMMERCIAL SUMMARY.

Saturday evening, January 17. MOXKV ANT) TIUIIK. Buying.—Demand, J per cent, discount; 30. days, | per cent.' discount; 60 days, I por cent, discount; 90 days, ]§ per "cent. discount. ' ' _ Selling.—Demand 1| per cent, premium; 30 days, per cent, premium; 60 days, J per cent, premium-; 90 days, i per cent, premium. >• Telegraphic Transfers to London.—2ss per cent., plus eabh? charges. Deposits.—By Bank of Now Zealand: Fixed for three months, 1 per cent, per annum; six months. 2 per cent, per annum; 12 months, 5 per cent, per annum; 24 niuntliSj I'i per cent, per annum. By National Bank: Fixed for three months, 1 per cent, per annum; 6 months, 2 per cent, per annum; 13 month.*, 3 per cent. per annum; 24 months. l\ per cent, per annum. . By Australian banks: Fixed for six months,'l£ per cent, por annum; \i months, 3 per ce-nt. per annum. The new year lias opened quietly, and business can scarcely be said to have, resumed its usual conryo since the holidays. There are scarcely any market fluctuations to record, an , .! from the point of view of i Irade tho past tiiree weeks have been very uneventful. Tl:' , . , uphey market remains in practically the same position, although the issue of the Drainage Hoard debentures should abjorb some of the surplus local capital. Of the £200,000 loan authorised,, fenders are being railed for a first issue of £40,000, roturiiablu' on March 9 next, bearing interest at d^.per cent. j'liomwi-: ir.uiKET. Owing to .very, heavy supplies coming forward of Oamuni and Canterbury kidneys tire -bottom , has fallen out of the potato market, and sale 3 ,hav;> been made as low as £6 per tcm. \\\n\>;. inferior lines realised only £5. The markot for dairy produce U inclined to be easier. Cheese is coming forward more freely. Akaroa h quoted at 6d and factory (largo and medium) at 6|d. Dairy butter is in plentiful supply at 6£d to 7d. Farmers' separator, 9d. First grade factory hut-tor still , nominally quoted at lid per lb for bulk amd-lljd for pats. The market has 'been cleared of eggs at 10d, and sales 'arc "reported at lid. Pigs are very scarce alid in great demand. Baceiners (up to 1601 V. 5Jd; overweights, 3£d- to 4Jd. Bacon continues in short supply and the niarlfof'is 'firiri.' Prime rolls, hams, 10d. Oaten sheaf chaff is easier, and can he quoted at up to £5 10s per tcj). SW..\T>STVr?9. The brcadstuffs market keeps firm, hut there is almost an entire absence of business. The'pnwpnof of ,i late harvest makes holders indisposed to give way in tho matter of values, whilst buyers seem disposed to wnrk down to th"ir last ba? and vie Mani-

folia flour for mixing rather than pay current rates. It is not expected that the market for the new wheat will open /or at least two months, although a few early parcels may be offering- in six weeks' ■ time. It is anticipated that thp ne,v wheat will open high, and in face of'a gradually frilling market millers are lik'ely to operate with extreme caution. In the absence of business current quotations remiiim unchanged—viz.: Hunter's and Tuscan, 5s 3d to 5s 4d. on trucks, Canterbury sidings, ccjual to 5s 7d to Ss 8d Dunedin: velvet. 5s 6il to Sβ Bd, on trucks, equal to 5s 10tl to 6? Duncdin. Another 50 tons of Manifobjn flour—Lake of tho Woods brand—is offering at £13 per ton not,' duty naid,' The New 7i'alamcl-' Floiirmillors' Association's tariff remains unchanged at £13 per ton for sacks, £13 10s for 100's, £13 15s for 50's. and £U for 25's. Bran is quoted arjE6 and iiolliird at £6 10s, but the latter is in good demand and very scarce —in fact, orfipw are heint; refused. There is an inquiry for outs for shipping nt nn to 2s Bd--ex store for B grade, but nothing cam be obtained .it that price. Current quotations'are 2s (f.0.b., sacks in foe B mule, , and 2s Bid (f.0.b., sacks in) for C grade. The first sale of new season's oats in Canterbury, is reported, a line of 1500 bushels of Canadian oats' having changed 'hands at 2s's(l per bushel on'truck's Chertsey. New Southland oats for April delivery have bcrai offered nt 2s per bushel, but in view of tho very large.acreage under crop buyers wilt not look at Ihe offer at the nrice. . Oatmeal is unchanged at £13 10s to £14, according to braad... Chick wheat is still quoted at 4s 5d ex store for be6t samples, and good feed barley at 3s 4d to'Ss 6d. AW. AXD STOUT. (Duty: 2s per-gallon, or 4s per dozen.) . The bold and--unseasonable weather has lessened the dem-atid lor ale and stout. All the leading brsmls are in pood supply. The old. and favourite brand—Tennani's—has once more lieon' placed on tho market, and is quoted nt: Ale—lls 6d to 12s fot quarts, and 7s 3d to 75.6il for pints. Stout—lls to 11s 6d for quart , ;, and 7a to 7s 3d for pints. In other brands the following is tho agents' list'jof 'prices, the quotations being for , ordinary lots per dozen quarts, all d.iib, paid:—.Ale: Read's Dog'i.Head. 13s* to" 13s 6d: Porter's-Bull Dog, 12s 6d; Poster's 12e: Burke's 12s; Yotineer's. Us 6d:' H'Ewan's, Us; Ihler »nd Bell's, 10s"'6d." Stout: Read's Dogs Head.. 13s to 13s 6d: Porter's Bull Dog, 12a to 12? 6d; Burke's,, 12s 6d to 12s 9d; Johnson's, Us 6d tq. 125.; Hall's Boar's Head, ■12s; Foster's, Us 9(1. ..BAGOJNG. (Woolpacks anil cornsacks: Free.) There seems every, probability of an improvement in the .value of cornsacks. It may bi>: remembered that owing to the drought in Australia several lines of cornsacks were imported last season from Commonwealth ports .if very low cost. Consequently the market here weakened considerably, and tho bnlk of the direct importations from Caleutta-"ir«re quitted at imdor cost price. • This • year importers have operated. cautiously, and in some instances agents' orders are 'only .half last year's quantity. It is estimatc-d that the carryover is not largo, 'and in the event of a good'harvest a shortage is not an improbability. No relief can be obtained from Australia, as this year's importations for the throe chief centres—Adelaide. Sydney, and Melbourne—only total 17.000 ' bales, as against 70,000 in a normal season. The spot wholesale price of cornsacks at the present.time is from 4s IOJd to 4s lid, and as the Calcutta, .market keens firm the local quotation ia expected to advance. Woolpaeks are quoted nominally at 2s, but little or no business is passing. candi.es. (Duty: Id per lb.) ' No further alteration has been made in the local manufacturers' price-list, which stands as tinder:—ftold Modal and Composites, from 6d to 5Jd per lb; Ducal and superior wax paraffin, from 51A to s'd per lb; and the new brand lately placed on the market, Magnets, from si|d to sid per lb. Other prices are unaltered — viz., Electrics, 43d per lb; Adamantines, sd; Brilliants. 5Jd nor lb; Standard, 6Jd per lb; Mining, 6jd per lb. These rates are subject to a eliding 6cale of discount, according to the quantity purchased. In imported candles Price's brands monopolise the inarket, and are in good demand at the following rates:—For London sperms, 6Jd to 6?d per i!> (duty paid), and London wax and paraffins at 6id; De Roubaix Jenar, 7id to 7W ■ 'CEUEXT. (Duty: 2s per barrel.) An average business is doing in cement. For small parcels ox storo quotations remain at 14s to 14s 6d per barrel. A few sales have been made ex wharf at 13s 6d, DRIED FITOITS. (Duty: Currants and raisins, Id per lb: figs, nuts, shell almonds, evaporated npples, prunes, and dates, ?.& per lb; Jordan almonds, 3d per lb; Sicily almonds, free.) In dried fruits, currants and sultanas both show a firm tendency, and prices are likely to be higher rather than lower as the season advances. Currants are still quoted at 3|d to 3Jtl, and sultanas at s|d to 5Jd. Figs aro getting into small compass, and owing to Hie short crop , it will be impossible to replace stocks. Current quotatons are: Layers. 7^l; bags, 6Jd to 62(1; small boxes, 6s 6d to 6s 9d. Seeded raisins are in short supply, an;] prices have advanced to 63 9(1 per dozen for 16oz cartons. A few I2oz cartons aro offering at 5e 6d to 5s 9d. Tho market is. bare of Californian muscatols. but Malagas are offering at Is 2d to Is 3d in trays. Other quotations are as follows:—Vale-neias, sd; Elcmes, sd; brown Lexias,' 4*d to 43d; Sicily almonds, Is Id; Jordan almonds, 2e 6d;' dates, - 4id. FISH. (Duty: Dried, pickled, or salted. 10s per cwt; potted or preserved, 2d per lb; paste, 20 per cent, ad valorem.) There, is littlo or nothing doing in fish. The Lenten trade seems to have disappeared, and current quotations are unchanged as follows:—Herrings in tomato and kippered herrings, 8s to 8s 6d. according to brand; fresh herrings,

6s 6d; new ling (Morton's), 555; new salmon, 8o 6:1 to 8s 9d for flats, 5s 6d to 5s 9d fot half flats, and 8s to 8s 6d for tails; Albert sardines, 9s 6d and 6s 6cl for halves and quarters respectively; other sardines, good quality, halves 6s and 6s 6d, and quarters 3s 6d to 4s; smoked sardines, 9s 6d for halves and 5s 6d for quarters. Some red and whito herrings, of which the market has been bare, have recently been lamjed ex Delphic, and are quoted at 21s for 2100's white, 30s to 32s for two dozens, and 17s for one dozen red. HOPS. (Duty: 6d per lb.) New Nelson hops are offering at Is Id net (f.0.b., Nelson), and growers expect to realise Is 6d before the close of the season. New Californian lions cost Is 10d to lay down, and none are being imported this year; a few bales of old Californian are offering at Is, or even less. A few new Kent hops are coming forward; no actual quotation has yet been made, but the price is expected to be a very high one~2s 6d, or over. METALS. (Duty; Galvanised iron, £2 per ton; fencing wire and barbed wire, free.) Business in the iron and hardware market has been fairly brisk,since the start of the year, and the local market, in sympathy with the tinglirii and American markets, has kept firm. There ie no quotable alterations hi prices, which still stand as follows:—Bar iron," £11 :• shooing bars, £12 for ordinary brands; Netherton's 10s, and 8.8. H. 30a extra; iron hoops, £13 10s; steel plates, £13; steel angles. £12; tee bars, £12 10s; barbed wire, £14 10s to £15: fencing wire, ordinary brands, No. 8. £9, special brands, £9 IO3; sheet lead. £18 to £19: galvanised iron, £19 10s; ingot tin, Iβ 3d; tin plates, 18a 6d; pig iron, £5 per Ion; wire netting, £22, OILS. (Duty: Kerosene, free; other oils, 6d per gallon.) The Colonial Oil Company has again vanced the price of kerosene. The Gracchus brought 5000 cases, and the Inclraghiri 4000, the biilk of both shipments being delivered from the wharf. The price ex Gracchus and Indraghiri, which originally stood at BJd ox wharf, was advanced to BJd ex wharf. It now stands at 9Jd ex wharf and 9jd ex store. The barque ICincluno, chartered by Messrs Arkell and Douglas, and which lefts New York on October 23, brings 4000 cases of kerosene for this market, and 3500 cases for Auckland, but no quotations have yet been made for this outside oil. The Colonial Oil Company has alvanced the wholesale distributing price of turpentine from 3s to 3s 3d, benzine Is 3id, naphtha Is Mjjd, and gasoline 2s 3JSd, these prices being without robate. Linseed oil is quoted at—raw, 4s 4d per gallon; boiled, 4s 6d per gallon, (duty paid) for small lots. Caster oil is quoted at 3s 3d tu 3s 6d. oilmen's stores, etc. .iic "market is now fairly well supplied with all leading lines, and the current quotations are as follow:—Milkmoid milk, 6s 6d: Colman's starch, sjd to s|d; Hudson's soap extracts, 38s; Neave'a food, 10s to 10s 3d; Keillor's marmaladelib 7s 3d to 7s 6d, 21b 13s 6d; Borwick's baking powder, 5s 3d: Crosse and Blackwell'i marmalade—lib jars 7s 9d to Bs, 216 jars Id • to 14b 6d. lib tins 6s 6d; Lucca oil. 28s; )ay and Martin's blacking, 3s 3d to 3s 6d; Morton's capers, ss; cuny, 5s 6d; salad oil, Ss and 8s; and castor oil, 4s and 6s 6d. KICK. (Duty: Free.), With the arrival of the first shipments of the new crop the price of Japan rice has receded from 17s to 16s 6d per ctvt. Cable advice- from Hiogo, however, states that holderfi arc firm. The first of the now Patnariee is due on this market early nexfe month. It ie quoted numerally at £15, SAGO AND TAPIOCA. (Duty: Free.) There has been an advance of about 10s per ton in the c.i.f. price of sago and tapioca, but local quotations are unchanged at—Sago and pearl tapioca, 12s 6d per cwt; flake tapioca, 13s 6d per cwt, • t SALT. (Duty: Free.) . ; The salt market remains steady, and a. fair amount of business .is passing, with every prospect of its being maintained. Current quotatione are:—Black Horse, 67a 6d to 70s, according to quantity, ex wharf, or 80s for fine: Castle, extra fine, 60s to 655; Pig, coarse, 55s to 60s; Liverpool, fine, ex wharf, in 10-ton lots, 653, or emaller quantities, ex store, 67s 6d; coarse, 52s 6d and 55j respectively. . ' . StJGAB. (Duty: id per lb.) With the advent of the preserving season a brisk demand is springing up for brewero' crystals. The Colonial Sugar Company have made no further alteration in their tariff, which stands as follows:—Finest whites (1 ami la), £15 12s 6d per ton, in liond,'for-<84o»-pairj6k«'il5 ISs per ton, in bond, for 3-ton parcels; £21 per ton, duty paid, for smaller quantities. No. 2is quoted at 10s per ton lower than above prices, and brewers' crystals ■ 15s per ton, higher—i.e., £21 10s per ton, duty paid. SOAp. (Duty: Yellow soap, 5s per owt; fancy soaps, 25 pel - cent., ad valorem.) The local manufacturers have made no ' alteration in their soap tariff. Their price list stands as follows:—Household, £12 per ton; Three Crown, £13 per ton; Prize Medal, £19 per ton; Laimdrine, £22 per ton. These rates are subject to a sliding scale of discount, according to the.quantities* purchased. SPIRITS. : : (Duty: Bulk, 16s per gallon; proof, bottled, 16s per gallon.) An average volume of trade is passing in, spirits. Prices remain unchanged, and as art index to market values we quoto the following agente' list:—Brandies: Hennessy's, 37s 6d to 38s per case; Martell's, 36a to 37s per case; Denis Mcnmie's, 31s per gallon and 22s 6d per case; Boomerang, 22s for parcels in bond, 55s per single case, duty paid. Whiskies: Thorn and Cameron's Old Hoghland, 7s to 7e 6ct per gallon;' De'war's Special, 7s 6d per gallon; Lochiel, 7s , 6d per gallon; D.C.L., 7s 6d per gallon; Ben MaoDhui, 7s per gallon; Old Ship. 7s per gallon. Case whiskies: Usher's Special Reserve, 22s 6d; D.0.L., 20a: Walker's WW, 20s; Gaelic Old Smuggler, 20s; Dewar's, 20s; Sanderson'?, 20s: Buchanan's House of Commons, 20s; Old Ship. 20s; Usher's OVQ, 19s; , Dunvillo's, 15s; Burke'a. , 15s. Crawford's. 52s 6d (duty paid) Genevas: . J.D.K.Z.—Two gallons 9s, three gallons 12s 6d, four gallons 15s; Key—two gallons 8s 6d, three .gntlona lls. 6d, four gallons 13s fid; Burnett's Old Tom— 12 bottles 13s 6d, 14 bottles 14s 6d; Wolfe'i Schnapps, 22s 6d; Gilbey's Schnapps, 15s to 15s 6(1; Gilbey's Dry Gin, 13s to 13s 6d. Lemon Hart's rum, 4s to 4s 3d per gallon;' Lamb's Imperial Kuui, 3s 6d to 4s 6d per gallon; Lamb's Golden Grove Rum, 63 to 6s 3d. ' .

TEA. (Duty: 2d per Ib.) The tea. market, for medium,to fine sorts, shows am advance of Id per lb. Commoner sorts have been firm, but are expected to weaken. Trade is normal, and is mostly confined to tho favourite packet blends. TOBACCO. .(Duty: 3s 6d per lb.) Quotations for tobacco are as follow:— Black tobaccos—Juno, Is 3d to is 4d, according to quantity; Derby, Is 8i to Is 9d; Harlequin. Is 2Jd to Is 3]d. Havnlock, Is 7jd; New Venus, Is 3d to Is 4d. Aromatic tobaccos—T. C. Williams's Welcome Nugget, 2s 4d to 2s Sd • Ruhv Birds Eye Twist, 2s 4d to Es sd; T. 0. Williams's Royal Colours, Is 10d to 2s; Victory, Is lOd to 2s; Golden Eagle, 2s to 2s 2d; Nosegay, Is lOd to 2s; Havelock, Is 9id; Diadem, 2s. WINES. (Duty: Colonial, 5s per gallon; foreign, 6s per gallon; sparkling. 9s per gallon.) The market is quiet—in fact, the trade in wines is becoming lew and less important. In champagne Herdsiek's Dry Monopole and Pommery. the leading brands, are quoted at 120s. and 125s (quarts and pints respectively), duty paid. ' Moet and Chandon's also finds a certain amount of patronage at a shade lower price. The old and favourite brand Louis Boederer lias again made its appearance on this market. A new brand of champagne— Veslud's—is quoted 105s for pints anu 100s for quarts. Not muoh is doing in clarets! In colonial wine Penfold's Frontignac and Muscadine are quoted at 32s 6d, duty.paid. Sandcman's apd Hardy's No. 1 claret are both sold at 30s to 32s 6d. There is nothing worthy of note in sherries. A shipment of Graham's 6-diamond-port is now on the market.