FINANCE AND COMMERCE.

Press, Volume LVI, Issue 16853, 5 June 1920, Page 7

FINANCE AND COMMERCE.

REVIEW OP THE MARKET.

Tlia e13.r0 market Las been quiet during tip? past week -with more tollers than buyers on "Changie. Possibly the icccnt slackness of the local market has been a reflection of the depression cn tho London mailiet, where investors have been unency in rcspect to the Government's intentions regarding new taxation and the proposed capital lory.

There las bees a fairly steady demand throughout tbi week for war loan, boih bonds and inscribed. It was anticipated in most quarters thai the Government would not propose another "free of income lux loan, and the Prim® Minister's latest announcement lias confirmed that opinion. As lons' us the rate of income remains high, the various war loans free oi income tax provide good investments for companies and individuals liable to pay large amounts in tax, ;md tho present demand is prckab.y dtis to thi'3 fact.

Most investors in debeuturo securities are 1 looking for investments returning r.t Ica&t 5J per cent., and therefore nrany local bodfcs are finding it di&cult to place long da-ted debonture-s ca-rrving Si per cent, per aunuin, which is. the rate fixoa by the Government. Nevertheless there is a daal cf idle money or money on deposit at law ratt-3 of interest, in the country, and tho new Public Works loan of £'2,000.000, with a currency cf ten years, should be lully subscribed. Considerably higher rates are offered in Australia and the New Sontn Wales Government is offering a loan of .JK,000,000 with -a currency of five years iu ah per cent, free of both' State end Commonwealth ineojno taxes. ■ _ it No sales of Bank of Australasia "fractions have. l>sen reported durin.j tho week, and there are sellers at w:tli no declwcd buyers over £15 iis- compared with sales ft £18 a wo?k .iro. Bank of Austrnlaaia shared have boen cfiered at £97 with buyers appearing. A recent coble from Melbourne advises the latest quotation ther»> as 6el.'ers a. 1 / £95 with no buycra. Bank of Zealand now share® have sold at £24 and £23 lGs, with further buyers at £23 15s. l'or tho old shares buyers arc oilering £23 with sellers wanting £23 15e. Royal Banlie are a little easier, and in Molbourn<i. arc j offered at 32a 3d, with buyers at 325. i are still qui«?t, and have j eased in price. At the- ond of lafit \7<y>k there were sellers at 54s Cd, but at the time of writing ©ollora take 545-, ".vitli Duycr?, oflering 535. Australian buyers aro oSering 53=i 3d, with sellers wanting 53s C-d. The improved tone of tbe_ London marlset m ehown by the inorcuse in the valuo of P. and O. Deferred Stock, which U ftr<mger as compared with bust week. Sales have boen reported nt £490, and: at tho moment tho latest quotations aro buyers at £430 and ocUens. at £505. Auckland gas shares have chnngcd hands at 27s for tho fully paids and 1S» 6d for the contributing shares, and Wellington gas ordinaries liavo sold at £10 9b. Thero have been oaleap of Beatlis at 35s with further buyers at 34a and pollers a,i. 365. There is a constant demand for Ma/»n, S truthcTß share®, for which buyers are ofEerin? 30s and 18s Gd for the fully paid and partly paid pharos respectively. Buyeor? ato offering £3 15s for Whitoombe and Tombs shares in which business was done during the week at £3 17s Gd. _ The latest mining quotationa are:—Talismans, buyers 7.s 6d, seller® 8a 6d; Waiha, ex dividend, buyers 4(Vs and sellers 425: Waihi Grand Junctions, buyers lis 2d with selleia at 125.. GENERAL NOTES. A leading- Melbourne soft-goods house baa received • a cable message from its London agents advising tiini there lias been an advance of 75 per cent, in the price of satin quilts, and 50 per cent, advance in honeycomb quilts, on the prices which were ruling in London on March let. The Australian meat contracts with tho Imperial Government "were on a different time basis to those of Now Zealand. The lattor contracts, as at first -worded, were to expire last. June, but the Imperial Government agreed to an extension of twelve months. Tho Australian contracts were for Iho period of the war and three months after. This has been interpreted to mean that tho Australian contracts will expire throe months after the signing of peace with the laat belligerent—Turkey. So that the contracts liavo still at least three months to run, and may have much mote, according ns Turkey hastens or delays signing tho Treaty. Someone recently suggested to tho Australian Prime Minister that he should endeavour to terminate the contracts on Juno 30th n-ext. This wes deemed eo inimical to tho interests of the industry that an Australian conference of. growers and exporters was called in recently, and it was agreed vrith the Prime Minister . tha t the contracts should bo carried out as originally arranged. "Tho abnormal conditions prevailing in tho overseas meat trade, jus pointed out by tho New Zealand Prime Minister (remar'-a tho secretary of tho Victorian Graziers' Association) make it desirable to Australia that the contracts should bo continued. To soo this, one has only lo bear in mind the immediate outlook for New Zealand producers. As tho contracts eland, there is. a sure ealo at a certain price for Australia's surplus meat." Hoare, Millar, ond Company, Limited, in their jute report dated Calcutta, April 24th, state that the activity of speculators in hecsians has continued, and prices have considerable fluctuations in oonFcqticrnce. Tho demand for wide width cloth from consuming countries -has been active, and mills have little left to eell before t!>o end of ScDtembcr. In standa.nl widths, mills huvc mado iyoly largo sale 3, but the bulk of material is held by local specttlators. Sowings of this year's crops are practically complete, and reports of tin* crop arc, "on the whole, very satisfactory. Owing to the high prieo to which raw silver ro3-> come months ago, it wa<s practically determined by tho Federal authorities to issue 5s notes. A design was approved of, and a bill was drafted for procentation to Parliament to authorise tin* issue. The Acting Federal Treasurer (Sir Joseph Cook) state*! la-st. week that, a.s the price of raw silver had falleu to about ,5s an ounce, it would no loroaper be necessary to proceed with the proposal to issue notes of a email denomination. At Ea it would just bo possible to continue coinage witlvout loss, but thciro would seem, to be a probability o' a further decline in the prico of raw material. GENERAL MERCHANDISE. GROCERIES, Etc. The New Zealand manufacturers of "paper and paper bags have again increased tho p.ricc. At present they are -unable to execute orders on hand. There is an increase in. the price of Brasso, and quotations niov." are 22s for largo and 10"? 10d for small. Blacksliine stovo polish, is now quoted at lCs lOd. A leading brand of linoleum polish has advanced in price, and is now quoted at 15s. Clothes lines, along with other sundry rope manufactured goods, have, according 'to Mesar? Maddren Broe.' list of tho v . st inat., iacreaF-Hl in price. Advicea to hand arc to the effect' that American- quotations for canned fruits show an average landed cost of about 35s a dozen i<n- choice, 30s for standard, and 22s fox teconds. These prices are much higher than til" Australian pack.

Filbert nuts are offered oy a I/andon firm at 83s, c.i.f.c., and Brazils at- IGS-3.

HAKDWARJ3, Etc.

The vessels arriving now are I;rin;rin<j fair s'-vpplias of general shelf goods, which, arc practically all booked ■ahead. AU merchants have bac.'c orders to and -the shipments •will not provide much, relief in general hardware lines. Orders on tbe books will eat up practically everything coinira?. forward. The Home vessels arriving oic tho Rcmuera and lonic, whilst two 2Cew York etcamers are about duo.

Latest quotations from England show sheet l?ad to be down a shade ——— a ton on las?t quote. "While lead shows a further slight, incxensc. Lin-sctrl -Tiil is up twopence a gallon on recant quotationsCastor oil lias cased fourpence a gallon. Rcein is down about £1 a ton on the preceding quotation. All kinds of iron are showing' sn -upward tendency. Bar iron Ijas risen. £1 5a a ton at Home, and.mild steel likewise eh-env-a an advance*

Some sizes -cf black sheets are eery scarce and dimcult to There ia difficulty in setting- anybody to quote. Fencing wire supplies, which have been Vv-ry scarce for some time, arc coming to hand more -freely. The price 3, hoTrerer, are high, and there does not appear to bo unceasing tendency.

Sydney advices state "that -negotiations are cotr in progress for the establishment at Newcastle, iV.S.W., of works for the making of wire rope and similar articles. Two representatives of British in-vostora, the Meesra Field, have been going into the matter "with the authorities and others interested in Melbourne, and have, now gone to Newcastle to deal with the question on the spot. , It is understood that they .have arrived at satifi- 1 factory arrangements, and will be leaving shortly oa their -*ray back "to Great Britain. This will ba but cue of a Lumber of auis

DOMINION'S TRADE AND MARKETS.

(BT OCR COIfIIEBCIAL EDITOS.)

si-ierv industries now or>en::jr * P Newcastle" and drawing their raw material from the Broker, Hill Proprietary Company £ ndvi-jM received in Melbourne notify a further advance of 17 cor..a iu Jsc <:.i. ; .". price of turventin:, jnaxing an advance of 41 cents siocc ipin March, f<r new feasor. 9. June shipment. On current conversion rat*Jae fotal ri«c war reckoned eonwaier.t .0 -.<1 pj.r cailon. Some-hire like ti* eame conditions aupM to reein. tha new sewn a price aavir.r; gsao *!> »ltt"3*tlwr doi-ars, or about £' per .ton, on current conversion raie Although weak aeuers of "it 1 " , ■ ' wor.- to be foi'. ; :d on spot, l*»w«« -veil pWj j fmanckllv wre prepared to Ico.c to th«»luturc with confidence. , .. When tfw last mail Sydnev message of Lay £9tJ>) jiroduee.s . . mild steel were ewampW v, it-!i orders, artti oririrki from al>no?t country m t!ie world, and even tho United States wai approaching British nsalccjsfor wire :-nd jTrr rods. Production. unfortunately. i emamed wbflro it wa3 morii.iw previon&iy. It is himV difficult for «n outside customs* to piaco any orders for ete?l of any description. v'ro.e one exro>rte-. "beciuse manv r.:a.Ws ha.o accepted sufficiccA to account for DUt over the present year, and raro cJoseii tliei- book;. The poarceet lines or all ore plates and *I»eeti>. Workem m sheet nota.4 aro with orders, but «iiimofc get along with them becauso of r»P9 • ■etween the deliveries of material, aud inscnmerj baa to frland idle during these intervals. Constructional sloe] is also wasted badiy in the devastated lands, Makers are now m a position to pk-k and cbcow. «io most desiMbleof the from tlw imi.ti.udc -a. their disx>osal." BANK OP NEW ZEALAND. The balanoe-sLeet cf the Banl; of Xew Zealand, for the past year, is suinmiriw on pago 8 of this issue. COMPANIES. Registration of tho following new companies is anTionncc<l in tliis rroo.-v & llerciii* tilo Gacette": — . . , Bennett and Wood CN\Z.), Ltd. Eesis-ter-cd as a privato company. May 27tli. Office: 139 Gkmcesicr street, Christchnrcli. Capital: £15,000, into 15,000 shares of £1 oaeh. Subscribers—Sydney: Bennett and t Id., 12,000; Christchurch: W. J. H. Sedg--1«7 2697: H. H. Griffiths, R. P. Grantor, and Ida M. Scdgley 1 sharo each. Objects: To acquire tho .business, assets, including agefcie"4. morcantilo rights, trade connexions, and goodwill of Bennett and Wood, Ltd., in Mew Zealand, and to carry on business a j 1 ranufacturera, agents, and general. Harris, A. 8., Co., Ltd. Rejwtored as a private ctmpany, May 27tb. Office: 10 I'.ii'hflm etieel, CiiriatchTircli. Capital: £30,000, into 35,000 ordinary eharcs of £1 each, and 15,0G0 deferred -Gha-rca of £1. each. Subecrfcora—Christchurch: A. R. Haxns •WOO ordinary and 15,000 deferred; Fordell: E. M. Cranston© 12,500 ordinary; Wanganui: A. Harris 12,500 ordinary, J. P. Cowi© 5000 ordacary. Objects: To acquire, aad carry 011 tho business of A. E. Harris and Co. as ©lectrioiana, electrical, civil, and coueiilting and mechanical engineers, etc. Murchißon Lime Company, Limited (Tho). Registered, May 27th. Office: Murchison County Council office, Fairfax street, Murchieon. Capital: £3000, into fiOO oliares of £3 each. -Subscribers —Murchison: W. F. Doney P. G. Kerr, C. Cr. C. O'Brien; Tutaki: R H. Lodge, H. Stewart; Longford: J. Main; Owen River: D. It. Sewell. Objocts: To mine and prepare for sale,. etc., linie. ORANGES FROM THE ISLANDS. A very large shipment of oranges arrived 1 at Auckland from the Eastern. Pacific lands on Wednesday by the Talype. r xno consignment oonsistod of 20,000 cases, shipped at Rarotonga. Mangaia, and Rarateia, The granges' loaded at- Rarotonga appeared to be in. fair order, but tho other lote were reported to be rather over-ripe. Thas sliipinont is ihc largest landed at Auckland eino» ISO 6, wheal 18,000 cases of oranges arrived from the islands. PAYMENTS FOR IMPERIAL SUPPLIES. (PEESS ASSOCIATION ' TEXJSBIIAM.) •WELLINGTON, Juno 4. According to a return furnished by 3£r R. Triggs (Controller of tho Department of Imperial Government Supplies), the following amounts have been" paid out by -the Dapartment for N«w Zealand produce tjp to May 21»t lafit: — £ Frozen meat '*« . — <7,392,894 Cheese — « 1915-16 Season ... 918,104 1916-17 Season ... 3,271,982 1917-18 Season ..., 5,018,295 1918-19 Season - 5,660,453 1919-1930 Season. -j. 3,576,72 a Butter — " 1917-18 Season .. 0,829,052 1918-10 Season .. 2,326,611 1919-20 Soaso:* .. 2,751,437 Butter Equalisation Fonda 822,851 ■ Scheclito .. .. 175,5W Wool .. .. .. 50,179,254* Freezing Companies' riipo wool .. .. 6,Glß^lj Sbeepskios .. .. 2,724,770 Hides 735,663 Other bnaineßs ' 1,735,836 ■ . Total ' : ...' 138,333,<W6 ' CUSTOMS RETURNS FOR MAY. (PB2BS ASSOCIATION. TELBGBAM.) . AUCKLAND, Juno i. The Minister of Customs (Sir "William Herxiee) announced this morning the Crie- ( toms reoeipte for the whole Dominion in May totalled £686,003, and the beer duty £26,985. Tho Customs receipts represent an increase of £353,106 on tho ; returns for May, 1919, -which were £432,897. . The May returns of 1919 "and 1920, respectively, 1 for tho principal ports -were aa fol- . lows: — 1919. 1900. £ £ Auckland ... 112,551 175,334 Wellington ... 142,766 230,021 Jvyttolton. ... G7,873 101,013 Dunedin .. ■ 58,927 00,029 EXPORT OF'"WHITES PINE TIMBER. CPBXSS ASSOCIATION TELESKAU.) WELLINGTON, June 4. The Hon. Sir Francis Bell, Commissioner of State Forests, has forwarded a. reply to j the • representations made by dairy factory i delegates and managers, regarding the n-occs-eity of prohibiting export of whito. pine. In liia letter he point® out that it Iras not bsea found practicable to entirely prohibit tho export of -white pice, owing to the following facta:—Firefly: That a amount of timber had been cut .on. land ■which had to b® cleared in connexion with tho greatly increased eettlement that h-aa token plaoo in the last few year®, in districts where there was a comparatively email demand, or no demand for timber which would, therefore, have been wasted, had it not been exported; secondly: That a large proportion of tho timber produced, from whito pice log is of inferior quality, for which in Nov.- Zealand there is only a srna.ll demand, while in Australia, there is keen demand for it; 'thirdly: That there had been a ehortage of coastwise shipping from West Coast porla to northern port si thus preventing tho local ueo of much of ihy timber produced.

It 13 also pointed ov.t that tiion°li liio export of whit© pino Las cot been entirely prohibited, it has, trader the Board of Tracts regulations, been limited to a maximum of 40 per cent, of the total production, and in addition, znoet cases, whore licenses to 'cut oi eell standing- timber on public and private lands arc iasued under regulations made imoer authority of scction. ?A of tho war legislation, and the Statute Law Amendment Act, 1918, there ia now imposed a ccntl.'uor that no no of the timber cut imtv "be esy-cicd. -

IrOKDON" 'WOOL SALES,

(Beceived June 4th, 12.40 *.m.) LONDON Jim© 3. _ -At tbo "wool & better t<jno ©ontiimes lor all qualities, combiej wools excepted. Beet merinos aro distinctly harder, and there is_ improved competition for ectrured slipes, ■with a firmer tendency. The Bradford tops market shov& a eiightiy baiter toue, though, irregular. Sixtv-foura make 132 d, fifty-siaes 80d, fifties 62d-

The New Zealand Loan Mercantile Agency Co., Ltd., advise. having received the following cablegram from Lcmdon, under date May 31st, 1920:—"Wool sales: As compared with last sales' closing ratee, merino is lower by about 15 per cent-, to 120 per cent.; lino crossbred is lcrtrer by about 10 per cent, to 15 per cent., and medium crossbred is .about the same. Coarse croaabred lias cot been offered."

ENGLISH MARKSTS. (Eecoired June 4th, 12.40 a.m.) LONDON, June s. Wheat—The market is quiet, with small aHocsUioia. of y aepas® aad £&>***

Hour —Tiiotft is a good demand, out little lifts been* allocal«d. Oat® —Tho market is dull. La Plaits, on spot-, 595. _ Bear.'? —The market is quiolly steady. Peas —The rrrarkft is tending- to be easier. Susar —Prices arp unchanged.

XEV ZT.Alj.xyiD FRTIT IN LOXDOX. | (Keceivcd Jtitio -Ith. 10.40 a.».) i IiONDOX, June 3. Tbe Atner-irV eliipment of Xew Zealnnd pears i* variable in condiijors, n-.ary soft .uid "TrastT." Hie apples nro ot" excollent- quality and conditio:;. 3nd are selliiH? -;p to full control The trad-? cor.riders then: tjn"-' 4 ' «y,iil to the t»t Aus-», tra'.iaii. J METALS. ! (Br Cable— Asaoef-viioa— CopT*ishl.l | (Australian ai:d X.Z. Cable Awsocjation.) j (TleceiTtrd Juno 4tlt, 11.5 p.m.) LONDOX, June- 3. j Copper—Spot £!W Gil. forward f9i Te (xl: electrolytic, ?pot .CICO. iorward £110. , Load—Spot £37. forward , j Spelter—Spot iHI 3,'s. forwr.ird IT*?. ! Ti«—Spot £254. for-nard £?7i If*. ; .'-.ilver—s&id oance. j TALLOW. Mcfisrs BooUi and Co.'s Loodpti house reports, under Juno Oncl, that at ten tallow sale.* hold that day the- demand waa slack. Prices recefWl from Is io "-a pw cwt. Quotations: —Edible mutton, S7s 6d; <\lible bocf. 89s; good routton. 84s Gd; skhl 1-ot'f, 64s til; pood colour. 3-ts; r.o coicnr, 7Ss 6d; KUt, 7fia 6d. Their Now York houso advises, under dale Jcno 2nd, tha-t fbe American morket is quiet ar.d weaker, citr special selling: at 10 cents per lb. WHEAT HARVEST. DELHI, June 3. The Indian wheat harvest i» _c«timat«d Ci per otsnt- above tbe previous year. COTTOX EXCHANGES RE-OPE^D. NEW YORK, Juno 2. Tito New Orleans and Kow York Cotton Exchanges have 10-opened after cJoacd for two days owing to Congresaionel legislation inadvertently invalidating contracts. Hugo deals at Liverpool wnrwl iu t!je interval. ac.STRALIA:> MARKETS, i iTELBOURJTE, Juno 4. i Hides—The market is very restricted, and i } chows a decline of iron; 2d to 3d ill round. Barley—English 7a Sd to Ss; Cape Cs Sd to I 7b. i Oats—Algerian, Cs 2d to G6 id. ! Potatoes—£l2 103 to £13. ; Onione—£l3 103 to £14. j CHRISTCHUBCH STOCK | EXCHANGE. I - ' j LATEST QUOTATIONS. Buy«i* Seilorn. £ «. d. £ a. d. ■DEBENTURES— 2i.Z. Govt. 4J iier cent. Insoxibod, ISSB .. S« 0 » 95-- (i ©ASKS— .. .. — </7 0 0 AtisU»la»iii (fractions) 15 0 0 IS 0 0 New South. Wale® .. — 3t> 7 O New Zealand (Old) .. — 21 0 0 Union of Australia •.. — II! 12 0 INSURANCE— Standard .. „ — 3 3 0 LOAN AND AGENCY— Goktebrougn Mort. (Melb.) .. _ 3 10 0 National Jloiigare . — G 10 0 SHIPPING— I Adelaide Steamship .. — ISO, Huddart-Porkser * .. — 214 0 FROZEN MEAT- . ! N.Z. Refrigerating (103 paid) ./ • .. — 1 T !) Nortii Cant. Freezteg- — 4 7 G COAL— Westpart » 112 0 — WOOLLENS— "Wellin-gton w M 915 « — GAS— Weliiztgion .. 10 7 0 10 10 <J BREWERIES— Manning' .. ■». — 4 5 0 itISCELLANEOUS— Beath and Co. _ 114 0 116 0 Cant. Publishing Co. .. 010 0 — JD.I.C. .. .. 013 0 — Mason, Stru tiers (14s paid) .. » 013 - 6 — N.Z. Consolidated Dental .. - 1 7 0 — N.Z. Sngar <A Milk 2 to- — Whitoombo and Tombs SIS 0 — MINING— Waihi (ex dir.) .. 6 0 0- — AUCKLAND. Sale©—Ba.rtk of New Zealand, £53 17s (VI; Oil (paid), 27a 6d. DUNEDIN.. Sale ob 'Change—Go!dsbrcng'b,;.Aljßrf,- 40s Gd. '■ ■ Salo wported—Westpart Coal, 31a t>d. AUCKLAND" STOCIC EXCHANGE. (SIXCJAt TO "THB ntBSS.") _ AUCKLAND. Jrao- 4. Quotations--National Bank, eMtea £7 Is; Bank of New Zealand, eeJlera £31, btryera £23 17s Gd; National In2ictuice% sellers £3 ISs Cd; New Zealand Insurance, oeUecrs £1 14s Cd, buyers £1 13a Od; South British, sellers £9 lGs; "Weatpoat-Stocktoa Coal, bayera 9s; -.HuddaTirParkex, eellorai £2.145, buy-, era £2 13s; P. and O. (deferred), sellers £505, buyers £480; Union Steam {prel.), buyers £1 0a 9d; New Zealand .War Loan (i93P at -1J per cent.), Eellers £95 10s; jjew \Vai Loan (1938, fti 4J per cent.), sellers £96; New Zealand War Loan (1327, ot 5 -per cent), buyers £97 10s; Talisman Consolidated, aelltrs 8s Gd, buyons 7a Sd; Waihi, follora £2 1« 9d, buyers £2 0s Gd; Grand: Junction, sellers'l2«, buyere'lis 3d. HAMILTON AND -HAMILTON. E. Hamiitra. G. Hamilton. OHAREBROKSRS AND PUBLIC & .SECRETARIES, "no HEREFORD STREET. ■ . Teleplione 1122.' . P.O. Bos B£4. U5325 % CANTBRBtTEY MARKETS.^ Friday fr/ening. Host of this year's whcat..crqp is marketed am] very liltlc'frceh business has been transacted this week. Deliveries have been delayed on account of tbc > shortage' of trucks, and -lines aro nov.- steaully coming- into tho stores. Generally spealting- tho samples axa well-up to tho quality of , the autumn deliveries. v A f air * amount oi oaio bo»a chans®d bands during the week, prices remaining on the same level as previous quotations. Tho trading ' has, however, been 'montly among merchants, and farme-rs are not offering Gupplies. The opinion among local mcrchante is that Canterbury, prices are> too high to allow of trado to any extent being dona with Australia. If such a trade was»opened up it is not anticipated b; merchants that there would bo any difficulty in obtaining Government permission to export, for there appears tj be 4 sufficient supply for Dominion requirements. Reports from tho South indicate larger supplies tban preyioaely anticipated. t Busiiioa in chaff };a® b?en qniet. There aro large quantities which Lave been &o!d Btill in tho countrj' awaiting delivery, but as there ie now a better supply of railway trucks the consignments are steadily 00min<* into the eioree. Lack of ccastal_ ehippiag still continues to delay completion of transactions with the North Island.

Owing to the wet weather delaying diggin? liters* has not been much bueineßS effected in potatoes this week, and ho« hwn practically bo shipping to the Itorth IsLtnc. The rulings Tat© remains at S.\ per ton at country stations, hut a lew lines have been purchased at i' 3 35?. Onions are freely ptucbaaeaolc at country stations at from £& to ;CG 10b a, ton. A cablegram received from Sydney slated that the onions shipped on the Tarawera. were landed in good condition and eo!d at £1?, to £1 ( i>, ion. Victorian Spanish Brcnrna arc realising £18 in Sydney. It lj considered locally that the price quoted for the Jfew Zealand shipment does i;ot leavo much margin of profit. A further shipment of onions is going to Sydney ty the Karori tomorrtrr. Tho follow in? are price® paid to famera at country etatiocs, free of commiseion, sack# extra, except where othorwfeo stated: — « Milling wheat, according to Government prices, Tuscan, 7» 4d, f.0.b.. llunteiß, 7a Td, Pearl 7® lGd. » Oats—Cartons, A grade Sfl .'d 1« 5s 2d, B grade to oe, Algerians, S3 to Eo 3d; Dnce, 5a to 5s i'd; extra heavy ■ daa-fc, Sb. ixl. Barley—Si to 9» a. bushed. Cane Barley—Ts. Oat-meal—2slb hitg» r -£3O per ton; Tib bags, £37 p«r ton. Oalsijeaf—£6 l*s to £7. Italiin Ryegrass—To Gs 9d. Perennial Kyegraos.—Os to Ts 3d. Cockboat—lOd to la. Hod Clover—is lOd to Os. "White Clover—ls &&• to "2s Cd. Partridge Peae—S3 Ed to os, according to quality, Prussian Blue (nomina.il, 8s to Os, Kluc Imperials Oa iVi to lGu; White Ivories, 6s W to 9e. Flour—According to Government prioee, £ie lite. per tori, i.o.b-., JVrttelton, Tunaro, uii?l Oam&rti. Bran. according to Oovemnient paces, ST> per ton, f.0.b., main ports. Pollard, according to Government prices, i~V per ton, f.0.b., main porta- Loc»l prioea: BTan, £7 10a; pollard, £3 10s. Pot&ioee—iA. ' to £6 10a * toe- Oanterinrry jDnjoo- Qiotcxs',

' DAIRY PRODUCE. Wholesale* rates arc:— Batter—Factory 1b 6d ret, firroars' sepnrator la 4d, dairy- Is 3d. Cheese—Factory lid to llld, dairr lOd to lOid. Honey—'Extracted VA per lb: section?, 10s Gd per dozen. Eggs—2b 9d per doson. Baccu (according to Board o£ Trada revised prices)—llaV.e, Is Cd per lb; eido», Is 3d: bams, Is Cd. FRUIT AND VEGETABLES. Vegetables are caminj into tho market i;i good supply, meeting with a fair demand, and prk-e.H are unchanged. Applee lmva Diet with a slight!? better demand dnrinjr 11 to week, ami prieoj were a shade better. There La, tiio a Let tvr demand for jiood linea oi dessert pe.-.n?. Owiiiir to the Kick's Birthday holiday ibo shipment ot Sydney frtiii. ex the Manuka, will not arrive till Monday. •Shipments of fruit arc arriving, ex the Hivrrina and Tah.ne, and a large slupman". •if Cook Island orange*. is dt» in Christ-t-Liure'h early next week, and towards tbo end o: tUo week there will bo the usual shipment of pines, passions, mandarins and oranges. On the wholo the market foe imported wheat has been dull. 'lhe auction prices curing iho "week ire:e is follows: —Apples, local, per oas«\ 7a 6d. cooking- 3s to ss; bananas, Fiji,*per cazv lsX; to 15?; grapes. £rnts. per lb, '2* to 'JSd, seconds, per lb, la to Is Cd; lemon-. Cook Island, per caao »2cVs, MUdura ISs; Frisco, -12s tjd; mandarine. per case, 'AV: orange*. Cook Island, per caso i'ls, Sydney, per caso iss: paesions, Auckland, per cos*. 13d. Sydney, per etiso lu«; pineapples, Syci nev, per eneo nears, cooking, per cils<3s to ss, dessert, per case ?s to $«; tomatoes. sauce, per ;b 3d to •!;!. deescTt, per lb 7d to Sd; walnuts, per lb lOd to la; lw.. p;r dor. bdls Is; cni per doe Is 6d t<> 3s; por doi. 3s Cd to 7s: carrots, per doz. ItVi to Is Id: celcry, i>c-r lxii. 7d to Is la; kumcras, per lb 3d; lttks, pvr bdl. Od; Icttuce, per do 3 Sd; marrow?, per doa. 7d to lOd; potatoes per p.b. 3a to 3s Cd; onions, local, per 6-b. 4s to 4s Od. per cwt. 7?; pajsuipa, per das. Is to 1« Id; potatoes, per sack Da to 11m tfd: pompkitM. per doz. JOs to ICs; tumipp, per do*. Gd to lOd; epinaeb, per doc. Is;- ewedee, p<ne.b 2s Hd. | EDIARIv. (STOCUT, TO "THE rRESS.") I ' TIM ABU. Ju» 4. w in keen demand by flourtnfllcm at-. j Juno prices—Velvet 7s lOd, Huntcra 7a 7d, j ; and lus can 7a 4d- Fowl wieai is badly ' | wanted, but is unprocurable, as all vrbo*t ! has to bo offered to millers fleet. Any rejected by them can be sold as fowl wheat. At jreeent they oecept ereiytiing, ao ponl- , ■ try keepers aro going short. _ i | Tlio oats murkot is lirm. A fair astwaab'OfFt ! short, oats is going into coneampticm • fowl wheat. Australia is erujuiriwf <or oaJe v v but, it, coata' about la Cd per beshel to land cats in Sydney from bere. inclndinjr dusy. ■ I So far New Zealand prices arc ahead | Tssmanian, their Giants scHing' at Ts Sd •'< landed, eacks in. Tbcro is a, rumour that tbe> ; Australian Government is going to rentow* » tho duty from New Zealand aai» owinp to tho scarcity of feodinp Btn£s in No»r Soath. i Wales. Good A Gartens, weiglnttc 4331> ■ 461b aro worth 5a 3d, B grade, 401b to 4£Jb, ss, light and discoloured eamploa -ia 3d t<> | 4e 9d, on trncke, eacka estro. _ ; Potatoes arc stagnant. Thcco ia i» do- , maud. All going- Korth aro for oowrins l early sales. Good tablo eorte aro worth jjominally £a 5s at station®, Backs in. Linsoed is dull. Prioes oeked lie ro-aro too high to admit of business with Aantoalkv , Xominal quotation* aro £30 to -£31 ' for fair aveiago quality, Eadrs-ertTa.

DTTXEDEv. (SPBCIAI. TO "THK VKESS?*) DUKEBIN, 3ufi&-<(. morfcet if ft Utile linneac, trith only a moderate quantity offering. Mailers aro operating for any. suitable linea. tEhem is » possibility, of. the Australian Gtwcru- • meat issnoving tho_duty from oot oats, and . enquiries are coming' from, tins Common■svealth. Short, plunrj- linos are roadily i quitted for local fowl feed requirements. • Prime milling is quoted at Oe 2d to 5a 3d. Practically no wheat of 'any kind is ottering. Millers are accepting all Kncs a* omxuuwu Government rates. Fowl wheat is in etroag demand, "with, only odd lmfl» offering JFaulty lota sco difficult to quit. _ There is ft good demand brigii£> haiXS oaten sheaf chaff, ■which is not in ewer supply, tie quantity arriving being" oboqrt equal *o : requirements. Good bright is &Em e£_£&\ i lte per ton, good £3 Be, medium eodlign* i I and dkcolouied £t> to £~ 10s. • INVEECASGILIj. (SPECIAXi TO "THE PRESS?"} '• rNVERCAOGILIi>. JtowS*, ; OaAa—vEhe market j» quiet. A larg® portion cf the oata is now in merobanfcrf £anda, they cam sot afford to sell •*(} Tinder from 5a lid -to Se lojs., «Li, <oaJ trucks. Dads worth. ffliNmk B^,.jeedt*| Chaff—Then* as a good fjprrtraid £arr»Jj|p-T men.'t, but no shipping is offwing. Xo»] local market ie eumcient to abaaeb o2f-tlh»( chaff and. in. ouuuaqusnce tha-attar"-1 ket is firm. j Hemp—The market iff •rory qo&if. lim-unir, bnsine££ being in tho Jsiglwr grades £otP version into twino in. ITewr Zealand. Ttio ■ London market is ve*y quiet, the outlet for tho lower grades is jkA wty-i | hopeful. . r ! Potatoes—Biggins' is now fairly senerai. J Purchases have been made at £5 15s, on j trucks, in tho country, and "the market- A»o j ! not look eo firm even at that jprie». •' Ryegrass—T}» market _ia quiet, bat itinera ia rather more coquiry -axu'~*iew-oEMie -approach of epring - . AtrC!KX«AXD. , (Srr.CIAL TO "THE rRX3S?*y ■ AUCKLAND, June 14. Potatoes—Stocks-are heavy. ' Best affersall- ■ inj* at 10a ex store. • . Onions—Poor samples <tro filul derpTWWni?, tha market Beet quality, after careful repacking, are worth up to 3 its, but wjorer grades aio selling down to-aboab half that price. Oats—East -feed i» < ox etoic, in small lines. ' • . Fowl .wheat—Stocks an* bare. Bailey—Good samples &ro •worth. - chonf Us. .' 'M'n.fw—Arrivals front 41»e coast ore readily ' placed on tie.basis of lQaon the wharf in i lines. ; Fiour—The prieo of " local flcmx-ha& • advanced lps ton on account of freight charges and other expenses. CJiaS—Tl'-c quotation, baa advanced-from ' £15 10a to £!G for beat southern. HA2TGIOKA. HOUSE SAEE. Thero tvac,an entry of 126 horses at. the fair held yesterday, the quality better than at recent' sale®.. Beat fonr and £ve-year-osd . draugbto maefc. £40 to £33, medima £30 to ' £40 lighter sorfe £» to £30, agied howeiu£s t0,£15, harisces horsca-£5-tov£l7 r -hacks-£3"to £~. ' ■ ;. GERALDIN'iB STOCK; SALE. . At this week's stock sale there irae a. yniding, and n bigc attendance. ITat ww made ais to 29a 2d, fat laml» 21a 3d to S5» ad and fat ■wethers 20s 4d to 33a Gd. Store ewea eoid at 7s to «Ss, two and four-tootK ewes at 2to, two, four, aix, and eigtt-tooU» at 265, mixed eex jamhs «V 17a 3d to 3-2s 3d. Wethera at 17 s id to Sis-Cri, and at l"2s to £3. CLEARING SALE. Tee -Cew Zealand Farmers' Co-opcratiro Association, Ltd.. m conjunction with th« Mational Mortgage and Agency Compafly.LW., held a clearing sale at Hinds otk Wedneaday on behalf of Mr H. McCorawll. The pnncv pal nalee were:—269 two, four, six, and cighllooth ewea at 31s 3d, MS et 35e, 417 at 35" * <td 137 fat wetbera at 33s €d, 56 fat cw» at' 27« 6d, 237 owo lamb» ai 23a lOd, 267 wether lambs at ISs 2d, <B fat wethers at 20s id 20 rape owes at 20a Dd, 4 head of cattlo 'at £5 10b to £25, 8 horees-at £11 o» to £50.