COMMERCIAL.

Otago Daily Times, Issue 19584, 14 September 1925, Page 6

COMMERCIAL.

Daily Times Office, Saturday morning. The West Nivaria, now at the wharf, is landing supplies of Californian tomatoes, Sunmaid seeded raisins, seedless raisins, prunes, and tinned fruits. The cheese market is very firm, and merchants are having considerable trouble in obtaining supplies, especially of matured. As high as IOJd per lb has been paid by merchants for cheese round about 10 to _ I‘2 months' old. As much as 9Jd is also being paid ior early deliveries of now season’s for export. ... Cereo has been reduced in price m sympathy with the reduction of £2 per ton in the price of oatmeal. Brazil nuts, cornflour, Holbrook's rennet, and other lines which were on the Kent are wanted on the local market. It appears likely, however, that they have been destroyed by the serious fire which broke out on the vessel at Auckland. The Hororata, held np at Lyttelton as a result of the seamen’s strike, is bringing stocks of Sicily almonds, Rumanian walnuts Morton’s and Heaton's oils, bovril, tinned herrings. Peck’s pastes, curries, eto. She has also linos of liqueurs, whiskies and gins for Dunedin merchants. Merchants are anxiously awaiting information as to when they can expect delivery of their goods on this vessel. . All sizes of Nujol have been reduced in price. , , , The Kurow i a due from Auckland on the 17th inst. with further supplies of sugar. Chinese walnuts are at present short on the local market. Honey, in lib pottles, shows an increased cost on the wholesale market. A, lino of rock salt is on board the Matakank, due about September 16. A new line, Linit starch, manufactured in Canada, has made its appearance on the market. , , ~ “B” sparklet sodawater siphons and bulbs have been reduced in price. , - / THE DOMINION RUBBER COMPAIV* (LTD.). The secretary of the Dominion Rubber Company reports that ho is in receipt of a cable from the estate advising that the crop of rubber harvested for August is 25,7001 b. ST. BATHANS COMP'ANT. The statutory meeting of the St. Bathans Gold Mining (Company was held in Oamaru on Wednesday. Mr James M. Wilson occupied the chair. • The following were elected airectors; Messrs R. K. Ireland, W. H. Peterson. H. Byron Moors, W. I. Bolam, James M. Wilson,, George Fenwick, C. Glanville, H. F. Maude. The Chairman outlined the progress made at the mine. The shaft, he said, had been sunk to a depth of about 114 ft with the aid of the windlass, but a s the hydro-clectrio power plant was now on the ground the manager (Mr Toole) had decided to push on the erection of this and the poppet legs. As a little surface soakage had appeared in the shaft it had not been considered economical to continue sinking with the windlass. The winding plant should be completed in a few weeks, when sinking should proceed rapidly. DREDGING FOR TIN IN NIGERIA. A British engineering firm with offices in London has just’ completed for Nigeria a suction cutter tin dredge of 80,000 cubic yards a month easy working capacity. It is fitted with a revolving screen, extra largo table area covering the whole length of the pontoon, a compound surface condensing engine direct coupled to the gravel pump and fitted with manganese steel liners. An auxiliary pump is driven by a similar engine, and the cutter by a third engine of the same class. It is also fitted with a very powerful six-barrel steam driven winch, and a full list of spares, and everything is of the latest design. The total cost was £l9 000, f.o.b. The dredger was designed, built, and delivered f.o.b. in four months and a-hai't from the date of the order. NEW ZEALAND FARMERS’ COOPERATIVE ASSOCIATION. (From Our Own Correspondent.) CHRISTCHURCH, September 13. At a meeting, of the “B” preference shareholders in the New Zealand Farmers’ Cooperative Association it. was agreed to relinqush the rights to all unpaid dividends. SHEEPSKIN SALES. Preco Association—By Telegraph—Copyright. LONDON, September 11. At the sheepskin sales 5400 bales were offered. There was a good demand, mostly on French and American account. Merinos, full-woolled, were unchanged. Compared with July prices, short-woollcd were 5 per cent to 71 per cent, dearer. Crossbreds, full-woolled, were about 5 per cent, cheaper. Short-vroolled were 5 per cent, dearer. Pelts of both merinos and crossbreds were 5 per cent to 10 per cent, dearer. —A. and N.£. Cable.

THE METAL MARKET. Press Association —By Telegraph —Copyright. LOXDON, September 11. Copper; Spot, £63 180 9d; forward, £62 Lead’: Spot, £3B; forward, £35 15s. Spelter: Spot, £35 18a 9d; forward, £36 Sa 9d. Tin; Spot, £255 11s 3d; forward. £258 3e 9d. Silver: Standard, 33 3-16 d; fine, 35 13-16 d. —A. and N.Z. Cable. LONDON MARKETS. Press Association —By Telegraph—Copyright. LONDON, September 12. (Received September 13, at 11.5 p.m.) Cotton: October, 12.52 d per lb. Rubber; Fara, per lb; plantation, 38§d; smoked, SSRI. Jute: Septcmber-October, £45 7s 6d per ton. Hemp; August-September, £39 10s per ton. Copra: Septeraber-October, £29 17a 6d per ton. Linseed oil, £lO. Turpentine, 77s 6d per cwt. Sheep: Canterbury light 7?d, medium TJd, heavy 7Jd; North Island light 7£d, medium 7£d, heavy 7gd, ewes 6d; Argentine light 7d, medium GJd, heavy 6d, ewes 5Jd; Patagonian light 6Jd, medium GJd, ewes 5Jd. Lamb: Canterbury light ltd, medium 10£d, heavy lOd, seconds Hid; other selecteds light 113 d, medium 10Jd; North Islands firsts lid, seconds Hgd. Frozen beof; New Zealand fores 4gd, hinds is^d; Australian, crops, 4Jd, hinds 6Jd: chilled Argentine hinds, 7*d; Uurugay hinds, Gid. Others unchanged.—A. and N.Z. Cable. CHICAGO WHEAT MARKET. Prose Association—By Telegraph—Copyright. NEW YORK, September 12. (Received September 13, at 5.5 p.m.) Chicago wheat is quoted as follows: September 149 g cents per bushel, December ÜBL May 152 i and N.Z. Cable. BANK OF ENGLAND RETURN. Preas Association—By Telegraph—Copyright. LONDON, September 10. The Bank of England return for Wednesday, September 9, was as follows: ISSUE DEPABTMENT. Note circa- Govt. debt... £11,015,000 lotion ... £179,311,000 Other securities . ... 8,735,000 Gold ooin A. bullion ... 159,561,000 £179,311.000 £179,311,000 BANKING DEPABTMENT. Auth. can.... £14,553,000 Securities— Deposits— Govt. ... £37,911,000 Publio ... 13,232,000 Other ... 72,341,000 Other ... 115,771,000 Notes in res. 31,115,000 Seven - day Coin in res. 1,816,000 and other bills ... 2,480,000 £146,035,000 £143,183,000 The proportion of reserve to liability is 28.63 compared with 28.80 last week. Short loans remain at 3J per cent., and the rate on throemonths’ bills has risen from 3J per cent, to 3J per cent. THE PRTJJT AND PRODUCE WORLD. RclUy'a Central Produce Mart, report; An exceptionally busy week; the Waitomo bringing to our care 961 cases of navel oranges, lemons, and mandarins, which mot a keen demand. We anticipate a full shipment of bananas on Thursday, and have advice of a large quantity of fruit by the V\ aikouaiti. Wo experienced a good demand for flowers. Fruits cold well. At the moment wo have customers anxiously waiting bacon and porker ijigs, table poultry, and turkeys. Potatoes command good values; seed are rather slow. Swede turnips in demand. Prime Japanese onions selling well; Canterburys are neglected. Eggs in good demand. We sold: —Flowers: Narcissi, 3s 6d to 16a; froesias, Gs to 10s; violets, 2a to sa; anenomes, 4s 6d; boronias, 9s to 18s per dozen bunches. Asparagus, 3s 8d bundle. Tomatoes: Local hothouse, choice, 2s 9d; seconds, Is Bd. Rhubarb, 5d to 6tcl. Pears: Choice desserts, 4Jd; cooking, 2Jd. Walnuts, 10Jd per lb. Cabbage plants, 4Jd bundle. Cucumbers, 12s to 20s dozen. Apples: Dessert—Delicious, to 15s 6d; Stunners, to 12a Gd; others, 6a to 10s 6d; cooking, 4s to 7s Gd. Lemons: New South Wales, 18a; South Australian, 22s Gel; New Zealand, 14a, Oranges: Navels, choice, to 235; Rarotongan, 20a; smooth-skin Scvilles, 15s. Mandarins: Choice New South Wales, 21s; Adelaide, 255. Bananas; Ripe, choice, 30s; green, Sis. Passions; Choice, 22s 6d. Pineapples: Choice coloured, 245. Onions; Canterbury, choice repacks, 20s; Melbourne choice, 25s cwt; Japanese, 24s crate. Potatoes: Choice Stirling, to 10s Gd ; northern, to 9s Gd; Red, 7s. Seed: Up-to-date, 12s | Eclipse, 12s; Arran Chief, 7s; Maori Chief, 8s; Dakota Red, Black Prince, Gs Gd. Vegetable marrows, to 1& Gd. Pumpkins, lijs. Swedes, to 4s Gd. Carrots, to 7s. Parsnips, to fis per cwt. Cauliflowers: Choice, to 20s. Cabbages, to 12s. Lettuce, 7s Id. Butter: Dairy pats, Is 4d; bulk, la Sd; separator pats, la 7d. Bacon, la Id. Hams, Is Id. Pigs; Prime baconcrs, BJd, 9d; prime porkers, 9d, lOd; heavy-weights, to Gd. Honey: Choice built, 5Jd, Gd. Eggs; Stamped, Is 7d; cased, Is Gd. Settings Leghorns, Sussex, Orpingtons, Rhode Island Reds, and Wyandottes, ducks and turkeys, 7s Gd to 21s per sotting. Champion egg crates: 24-dozen, 18s Gd. "Vallo-Giraffe” brand lime sulphur, Bordeaux mixture, chick food, arsenate of lead, Ellis fruit grader—prices on application. Poultry: Hens realised 5s to 9s 8d; cockerels, 5s to 12s Gd (all at per pair). REILLY’S CENTRAL PRODUCE MART (LTD.), Moray Place, Dunedin.