COMMERCIAL.

Press, Volume LIV, Issue 16252, 1 July 1918, Page 8

COMMERCIAL.

TATTERSALL'S HORSE SALE. I Messrs H. Matson and Co. bad an entry ' of 41 horses on Saturday, including a number of useful vrorking draughts. The demand for draughts at medium prices was ' distinctly good and practically a complete I clearar.cc of this class was made. Good h&r- ---' ness horses were also enquired for. Among the sales mcdo wore;— For a Cashmere client, four-yccr-old gelding £17, four-year-old marc £12; southern client, four-year-old gelding £19 10b, eeven-year-old mare £26, aged mare £12, fivc-year-old harness gelding £11; Al'.an JBrds., Killinchy, six-year-old mare £20, iour-yeai-o'.d gelding £11 10s; R. Mehrtens, Uhoka, eight-year-old harness gelding £10 , 10a; R. Gibb, Marshlands, ssven-year-old mare £10; client, gelding £14; J. E. Garlacd, Hillsborough, fged gciding £14; Geo. Gould, Hermitage Estate, age! marc £10 10s. Several aged draughts sold at from £5 to £9, aged harness horses from £1 10s upwards. THE POULTRY MARKET. Messrs J. B. Merrett and Co. had a good entry of poultry on Saturday, when there wa» a good demand. All classes of birds realised good values. Prime birds were in special i demand. Table chickens 4s to 96, hens 8s i Cd to 6s, ducks 5s to 7s 6d, ge?se Gs to 9s. I pullets 3s 6d to 103, turkeys 8b to 225, all j per pair. 1 EGG MARKET REPORT. The 6upjsly of eggs indicate® a general steady increase. The demand i 3 cood. Canterbury Ere Circ'e ouote first grade Is lOd, second grade Is Bd, duck eggs Is Bd. 1 ASHBT7RTON MARKET. "Wheat—There is little new to report. Every " ve-c": reduces the quantity offering, which has now reached very.small proportions. Enquiry for good milling is still being received from milium, vho &i*> abort of their quota, bat

sufficient supplies cannot bo found. TTi*W, prioes? 13 6aloabl<3 at , from business mow or !«m „* ? n ° t " re ' Z OTy few 'ranaactions tr. . bcins recorded. Ihere does not appear to «* any largo quantity held by crowei*. Jm+ '■ lan t ß arc not to aec.fiS? ' ■ account of tie Southern merchante undqr-q Uo jiJ Canw! on com P e MJ® ra - Values remain nommaliy Ch*$ ar v m r f^ oent quotatione. Chatf—Fo r really prime grade, a limii*r cth"? but inferi °r qwdity wS ! tTon Primt' oven , ft \ a considerable . £? k* i ? amy-be quoted at from £SH on trucks; extra choice, 6« per t&

MONET MARKET. TrSeßo f "wket is at present '■ what colourless; that is to Ray then is still' en arnplo supply of funds WikbW d£ r ' principally to tho largo amount paid out by" --' the Imperial Government on account of out ' V produce, whether shipped or not, and these > paymente to date amount to close on 70 millions, also to the large local expenditure of Joan money by tho Government. Tw •normal times tho money market hero is largely controlled by the relationship of iro-' ports and exports, and consequently a fair ' gauge of the monetary position can be made ~ by a comparison- of these trade returns, but' •' matters are very different now—wool is paid for on spot, 90 per cent, is advanced againii dairy produce in store, and now tho Imperial Government has advanced three millions' "• against frozen meat-'in store awaiting Bhip- ." •ment. In this direction tho Imperial' " Government has treated New Zealand re-' ■" markably well, and has contributed to a very■ considerable extent towards the present eati»--' factory financial position of the Dominion.;'■ Good prices and prompt payment have put a ' larjje amount of money into immediate circa* lation. Not only is there ample capital' available hero on tho spot, but the Bank of New Zealand holds a very large sum in London in a form readily available for trans*. • ference hero should occasion arise. ' Tho prosperity occasioned by wax prices , for our produce has-caused such an.influx. r v of funds here that the Government has been able to raiso loanß to on. extent never dreamt of prior to tho war. Since the outbreak of. •• war the Government has raised loans for. • war purposes amounting to £36,558,915, also £9,000,000 for public works, land settlement,. etc., within New Zealand (also £19,576,675 in,. London). Besides tlii® large amount of loan money the people of Now Zealand have, con- ~ tributed £4,774,800 in money or goods for' '..y various patriotio funds, olbo a large amount '• in money and goods sent direct to overseas., relief projects. This all shows that New Zealand is remarkably prosperous, largely as'-.; a result of tho war.. Alter the war there will < come a period of readjustment, when priaes " ' may not be flo good and money much leasy plentiful, hut tho banks have this in view and aro providing accordingly to moot the ' - after war conditions. BCTTEE STOCKS TO BE LIFTED. • (rBESS ASSOCIATION TBLEGIUV.) • WELLINGTON, Jui» 29; The National Dairy Association ! baa been advise 4by cable that arrangements are being made to lift all butter in etoro in • New Zealand. This may be sot down as roughly 195,000 boxes, of which 128,000 are tho property of the Imperial Supplies Department. The will bo more than sufficient for local requirements for July to September, when tho now season's butter , comcs in. NEW SUGAR AGREEMENT.. V The Hon. W. D. S. Mac Donald stated'on Saturday afternoon to a "Post" represents-' tive, that the Government, through thot .■ Board of Trade, had entered ■ into a now . agreement with the Colonial Sugar Compafty for the supply of sugar to- merchants at £22 '' 10s a ton. Tho now arrangement will operate.. ; from Ist July. . , Under thci agreement expiring yesterday jn; tho price was £22 a ton. On this figure the estimatod saving to New Zealand was £400,000 a year, oy comparison 'with rates in. ;■ Australia. The Minister says that the saving... will bo nearly the same for the Dominion by tho new agreement.

STOCK EXCHANGE. (PRESS ASSOCIATION TSI.KGRAM.) WELLINGTON, Juno 29..' Sale reported:—Bank of New Zealand, £17 103.