FRANCE AND COMMERCE.

Dominion, Volume 2, Issue 428, 10 February 1909, Page 10

FRANCE AND COMMERCE.

Sales -'oit-Nationei .?Banlcs : at; ;Na'■W',%:\tibial ■ Insurance : at v ;£l;, Bs.':."wereVreported: yesr. ;v ';i'.v; terday.' -.(There twere•■' about .an' average r.;pum-";;^i-i:hereof 'quotations:';'National':Banks;;buyers M :and Biver ;;<;;V,viPlate,ibuyers : iCl-;:135.;3d/;<:Wellingtbn Invests r:smi ment,;-6ellersM;lß.r^6d.^/Wellington -Trust;and ■^i%:-;'li^y-;.sellers;^7Ves.jV.^Velliilgton^lleb,6sit,vsel-,--Mei,CMiilv vjfes A: Bellers-.3s. ; {6d;;\ iei ; ■ WelWβ- ■■■■;:lingt6u;Gas(new ; ;issu»), ; buyers , 12s:'fid.--pre-' :(■#.:■.^Meat>(£h. paid);:buyeifcViK'.' 10s. ; Meat' Export .:>'>;vS(«;paadV:sdlerar4s.'^Uriidn : ;Ste'am,-.bnyers-'JBt ;;;*;-;■■• 15s:/;: sellers ':£l 6d:;': Wellington ': Woolleny £3 Is!; sellers .£3 25. , 6d.;Kauri -Timber■■(lss.v-paid)^';6ellers.;i4s: ■■■:3dV;'- Leyland;^:*r:;.Orßnen.:. Timber, ■ buyers' £1". 2&', •; sellers; £V 2s. if.;., 1 .? 9d:; iNew' Zealand Portland ■Cement,;bpyersviii' : ; v;.:r;-10s: 3d.; •■New^ZealandvPap'eriMills,'sellers -0 .;■;•■:•':? ','2s.;.3d. jiTaranaki'Petroleum; •.buyers' 85. , , sel- • , 6d;V:;Ward-.'and';.Cpi': (brewery;shares);; ;..:;;;;;sellers .£5; Saarland's (ordinary.and:preference};: 1 ;!??.:-;;^::;- 'V^-'y'^:"'?" /:' - ! ■O:Ms-:-B '' 'IiiKKET.;: ;^' ) fr::r; WA:;sale;;bf :New' : 'Zealand:- Crown I shares' was .-:■', y ■ made* on andv ' ; at-;v£9 •>''■-' - if' l an ? Mo « nt .ain King; at' Is; ildiiivereifeported.: .:,-;,..•:The ;quotatipn9.;'were .as,■ under:— '~; ..'>'•': -{-■■■ ■■.'■■'■'. M ;: 5- ; &rA^-inft,/^A-;::aßuyers.-;*SSlers^:-^%aes. ; "^i3:^4\V;>{^.-v^;^J^s.j j d;;^:^'s; ; d;M.v.;*'si f d. ; .&£.:; •-t'Jnnotidni.-iiW.'ViVf'MV.e :3-;;-,i;"6 9? ; ■";;'—' ■'•' :<iV:v.;Waffi ( ; : : ;\.^y;^.:;B'i9;.o : : ov' 9 ; ivo :;k:} W,,;,.>'£,'-; ■ ; ; .;; ; Mountain' King.; :..-i;:.—,.:. o: .i-i^-o , ! -t ; . ;s; J :; ; C\o;'2\ i) , ;. 0 -2' 2',: :-" — ; . ;'- v . ;.';•■ -S;;:"*HUlsU 1 iK... %; .;^.Sb : ;;l:lo;v; ,: O";2^;. ; - : -'^--i ; -. : 8.0 ' 2 -8' 6 ; "■'— : :;ii^Big:'Eiyer,^;.'"/;.iV;iiirf:-7;;!;-fc ,, 2/q' : p l . : " ■■ ; —7; ¥S v^! iThe^Cqst6ms;=revenueTcoUe'qtedi'at ; \WelliDW ■jffi;;ton ■ yesterday;%mourite\i;&' 41778 Is, 2"d. ;•'; ■ >.-, : -. v a-JW.",'TKe % industry is in.fepirfous ooiiditioni ; :- : vi •' and even -the "Chief-,. Fibre Expert, is- -'inelinsd: : ,-W:. ;in.:yalues ;; has : :'broughti i about; & Shrinkage? in ! ■■ : l_- i;. exports.;; JFor; the 'twelve.months 'ended: January.. i'':..>"':'■• SI,, the grading?: in" New: Zealand- covered 83,606 for the precede '■-•■: ':';■ v ing.'.twelve. months, the decreaselbeing. equal; to ;^s;:-{.:nearly;*;per,;cent;"ilf/a>further:faUin i price ; :{#:.-; occurs niany millers/niustiflose 3own;''aid:tr6m' : ,::.; .vi.:-.-.the; present tone: of :'the market afurther reces-;.-,:-..-4;; ; «pn ; --in;value.is Keiy Zealand .-. ;;:■; V: llemp ( , industry, is.:affieotei by the Manila-'-pro'-'fii-': .duohon,. but:this : fact must have been obnous .;;"«,, :■ to ..all;; engaged ■■ in. the, ■ trade. J Millers and Gov>=i>SJ™ nle| ntexpiirts aiid'fothers knewflt-years-ago, :';■:?;,': .put ; nothing .has; ibeeri I'done,'. no-.V'schemo ;,.pro-.•i«iv^-Ponnq^-r{pr!:cbping>*ith;''the<!dmpetition.'! •; : . ■v--,we' are assured; that,'"the only: hope -lies -in/reay- ::d?uoing;the.roost, of.;production br. in -deVising 7i;v;;v-. Im PT ov ?<l;'niethpas:6f milling;"';which: si.g-i-.enough, but:nbthicgt"is:being done in'that direc- ■■.■;;>:'■ lion/.-Hemp 'imillers apparently .prefeiv-te tc» iR; rather: than seek for" ; ways ..■;;-: :and,.means >of 1: meeting :;the altered'conditions. ..;.;;«. J-tie cost of prpduct'jpn is - tooihigh-as compared V-.O; wth-.what, it j'was,rand'- that" ought not to be ■■::-"i ;'• above;rectification: -; : The "Arbitration" Court has- -■>: : measure : fixed^the::cost- o'f production^"by --/-;'■ n ?. :the ir«e; of ~wages,;'and-ihe';absurdity of ~::>: tliis'interference.'is ( nbw,apparent.- .Unless the ■:'.-■■■■--.;. w .aga. questibK'can ;bo"- adjusted,in■conjunctioh' >;-.:; ; x with .other.'charges'Jbf production-and market-"-'■i--';' a fL -. e in<l ? st;r y : --niiist beiwiped put. ; . 4.-."■ '■.)■■>. :v-;rs.t-..VTh6jManila-productiph for the current year great if: not;greater,than,that »■;;?: 9'.1.W8, ,when.the ; output ; was 1,041,000 bales; an , : : A , :- :V -'-S. c^ sa '-°?^ lle of:-74,000 bales. feK-.:-The--Mamlajp-atpiitj: for,; each; week,-, according ,:,:V. ■;; to ; ahe :Hight Commissioner's -cables,■ shows al :^-;;V. ;; .^Unaer;— y.- :: ■ y?: ;■>:'; V -'..-■; :-. 'j' 'ry ■ ' :; ■ ■_■:.; ■.■,;-.ifvJanuary ;2:......;...'.;;.i....;;..i..;...;... ; , 25,000 V;-■'■-, .'■■:- i:;v:v : .J':J a nuary,.9;v;;.;... 1 ;;..,.;,;.;..;,;, : ,..,. ; :'. ; .' V, 1 ..*■;.-;-!■■ ..V January-16"■.;:-.:.,.:;;i-.;;..i..-.-. ;>;.' -23,000 : " ; ; 'frZl-S -/January 23, .i;...';;...';.".-..;.. , :.;..-..-....;;.- "so 000' - ■vv?iH,-S:JBguary 22,000 ■" : February-e..;...;;:.: :;.;:;„'.-. .v.....i.. v ., 26,000 V': gives'an average, of nearly 24,000' bales'a ;. ,;.:/;-..week, and. if.-this average is;maintained the •'•^■' : - : ?%?r.A f ?! : -i tl > a: ' Bnn ient,-,year:':will- , -approxiin'ate-' ;..-,.-:', 1,240,000 bales.; So'lcjrgeta production is bound ■;■:•; ':;■■ to -.cause a; further';-fall \in 'values. The cost ;.. ,-,-■, of production |in. thephilippines is -an iwknoivri : X '-..: : :.;■'. -quantity. -.-The Byste'm,:in:vogue,:from time im-;::-.:memorial as.for thft owner of the' plantation >■■■«;■ totake as/hisshare one-half, ■' of: the produc- ;■;:;.,.,■ tion of fibre, ..the other half being taken by. the ': >- natives whowork the plantation inpayment for .:;.,..; their, services, .cultivating: and keeping 'in ■;:■/,;-■ order.:J:The;-workeriis by-';custom allowed : Aa ~; dispose,of his. share'.as 'he,thinks best, either . .) ■-.■: -;- by .taking same Idpwp-.i0 , : the towns and' selling , . : ;,i. at bestvprice obtainable, ;or, as is generally the ,;-,: Vγcase.vselling, to the;owner.of the plantation'at -; 1 -:z:'* agreed upon .on the day of actual ■ .-;■--..■..delivery. , ' -EvenstheJbwners bri plantations do j :-,...;:not' : know -whatrthe-.cost of production'.is, but :/ ; .:; ; : that ltjscpmparatiyely small;is beyond doubt. ; EEPORT. :v ; '' j 'i : ; 'v.,' \Th6;ioiiavnng' report, of -yesterday's .saies is ::■'■:,■ •■"..■■•'• eupplied.by tllessrs. Griffiths and Co.;— Peaches ■:'T:.:.. : v"des3ertiSs;'6d.' i t4 , .6s.:i:'ste.yring'-3s. 6d. to 4s. 3d.; ■:'■ ':;/;■ pears,,>Jargenells;;4s..' to'4s.- 6d; plums,-Ogons .-.:: : ;Bs.-:to3s:. 9d.,Bnrbanks ps.'.tb ss. 6d.; Diamo'ns ::.; ; ; " 3s; 3/: :to;3s: 9d.;:'others'for jam. 2s. 9d; : to 3s. ;i ■':.-■■ ':':tomatoes,i2's. t0:;35..;-2d.,:in , very plentiful-. sap-': !: v:ply; .greengages,-; sa.fitb; 6s. : '6di,. , scarcercooking r v;;;; apples; ss. -.to ■'Sβ;'.3d;; dessert apples,'. 6s. to*7s.' ;V; v':6d.,.very few;.offering;and:poor demand; nec- ,;'..'. tarincs,- 4s. to -4s. 6d.; -nectarines,, 4s. : f.:,:;:.6d. ,to ;55.;. apricotsr Teviot, 105... to 12s. 6d.j ;'•_-■ ■*■: ; cucumbers,:2s..to 35.:3d.j oucumbers,' hothouse, ■y? : y:-r-.isy9d. to 3a.: potatoes, extra^good, ; .4s.:; i potatoes, .■•■■■,:- ..:.'•'inferioi, Is. , si. to 2s>;.swedes, 2s. for half-sacks; ...-': Frenoi bsuia, 25. : 6d.'>to 3s. for half-sacks; pump- : : ,;-■. ki»«, h. tot eacksr>jirrqts.. Iβ. ; 6d. to 2s. fot-

.sa'cks;',;parsriips,f.2s.[to. 2s; 6d/;forr'sacks; mars'ack.;;; : ':}'ij' % :'>.\i.- ';; . ■ -■•■,- :;.:The v market' is .somewhat b'ver-supplied ; with . stone' fruit "so far this week; .and all. found are in-poor-demand.'.'- There ;is'.'-a; big-in-; quiry"for-jniu-making fruit; of, any variety, and: peaches: especially. , are in eseelleiit: demand.':', "• ;f'vQvO,;|; LiVE^STpCp:' SAtES:;'-^vW/:'? : ; Messrs'."Abraham 'and ijViliiani's/ : litd. : j: report on'. : ( their',V.Johnsonyille .sale.:asVfoirDws:—iWe offered.'argood yarding.of prime -bullocks-and shi3ep';:.which .were well up: to 'requirements,', and .sold.-at late' rates...-.Beef-made 205.: to' 21s.- per; huridred.lb,i;. lir.addition to our usual fat stook sale ;we!- Held : 'a- sale of: store.' stock.. -',A' large yarding, was. (nearly .'2oo6, sheep ,'cbmine forward), , :for,.which , ,we ' have to. report-a.good Semand.V,We, ? s6ld everything; except.tjro pens,: 'under 'the' : 'hammer,. and .i : total, clearance >as' made • before; the : sale Vfinished..; We '•' quote :— ; Cattle-'.Cows/in;.ca'lf, .£2 10s. ss:; two,year heifefs'in,calf, £2 ss;; best .bullocks, ss'.:-to £8 125.V 6d.; ■ lighfer, 17s. 6d.: to;. £&■ 2s.i 6d..j ; t light :'ahd' unfinished, £& 125.. 6d.; fat wethers; 12s. Id. -to -13s. 9d.;' heavy .ewes,. 125.: :sdr. to 12s: 7d.; light ewes, lOs.'.to; 10s. 6d.;,fat. lambs, 115.:9 d.-to 12s. Bd. Store stook: Four.•tboth:'wethers;:;:lle.' 2d.";''.twb-tbbth'; : .wethersii.9s. '6dl ; ;tp>'9s. Uα. j.'twbrtpoth; ewes; 12siii4d.;. "sixtooth; ewes; : 12s.'; six-tooth 'to f.f.m.'. ewes, ,10s. to'lls.if. to.'- 'ewes; 7s. to 9s!"} ; woolly lambs, 7e. ,10d. t0.;85.: 5d. ; ;. pull lambs,' Is. 6d. to 65.'.,1 d.; rams, 1J tft'. 2 guineas ;■ old rams, 75. : 6d. ! to; 10s., .■JThe .pepartirieht'bf: Industries and-Commerce has received the following cable from: the High Commissioner;, dated London, February 8:—. TheAwpol'salee-closed'fihn.Vwith'a good demand for: all -'descriptions; but, 'except for lots, siiit-able-.forll America,, which rare Jd., , higher,, the Opening gaiii. on medium,and coarse qualities is ■Jost. /.Values: genera)ly are now.about the saine, as . ; at'rDecemberf sales. ";'■ Americn,' .Wrchased •freely? and, the t'market- is .uncertain', but, hope?fulr Bstimated.l-values are "as follow:—Superior "mennby'llfdi.'to'tls'. IJd.; medium, 9d. to.lid,; ■ inferior,'" 6Jd.; to ' BJd.;'. fine . orossbreds,.;..all ,ljd.; medium,; BJd. : to lid.; coarse/ 63:;/io f . 9dl ! . , :' ; '. ''-\'.'' ; .;■■'-■; : :;:■':.'■:.. : ,; . ■ ... The:,..New.:.'i : Zealand . loan'.' and:';.' Mercantile; ,4genby;'Gompany, : 'Ltd., haveVreceived the; fol■lbwing''cablegram' from London under yesterday's date'irr" Wool ;<Sal«&-r-192,P00. ; bales•' sold, 88,000 for the Continent and 12,000'forAmerica; .9000 .bales.'held'bver.''. Under'date -February 6 .the' same firm received the following :—" Wool sales,closed this day. at' the,level.of last sales, "excep'(ftfer:'gbod"'taei;ino■ aridV crossbred'-slipe," .which ['are'. easier. Since ; olose : of-' -last 'sales prices'are % *higher by Jd. , to -Id.' for America. Market;firm.", ->T -.-■.'.;.•"; -.'•'-.;"• ...-■' ,'■•■>'-.•-'. : .'■.-...-'. % ■£? } INVESCAEGiLL:. WOOL SALES. /; ; :': *,Xif. ASSOCI ATION. j.'.v, : -.. ' ;-t,i-H% \.¥':^lnvercaraill^EebWary^9.';/ :• The ■laat':iw J bol ialec.of the .present'serios'.Vas heldvt(S-day>-4004j : bales being■"offered,'iand practically; ,all sold*' It"was. generally '; anticipated, in;,Tiew pf.. : decent.,northern, sales,, that' prices. 'wo"uld v be lower,. , but,' considering that :there ;was less' than half the quantity .offered, and that: most of the best clip's had been sold, prices'were fully equal to those of the January.' sale. Lower.grade wools .were.fully.id.'- bolter. The best price.was obtained for a three-bale lot of-super.- brossbred '.hogget,:: whioh sbldvfor lid. The; best for' other sorts were: strong', ctossbred,, 9Jd. • Prices -were fully up .to the last .sale'squotationsi.;,. ;• y;'CHEISTCHUECH . GEAIN.MAEKET. ■ \' . :'...': : ', ■'• tnr *'w itou aph—pbess associ*ticSn.) -\ \ '■ "■'..'-'.'■:■'. ■'■■ ■!■•;■.■'■'"'. ■'■•'-. '-Chrisfchurch, l February 9;>'' Those millers who were in immediate, want' of supplies of- wheat to:;.oarry ■ on; with,', having filled, their; requirements) : the' market, is settling down -to a lower'. level .-'of ~prices.' There is '-a''considerable ,l .' aniount of- new', wheat • nbw .offering,:; but, ;.in' : view of J its having been threshed , 'piit of stook,: and the grain'being naturally softer. l;ha'n ■Iβ' a dry ,season,',buyers -are.'.not-keen.to.'o'perate. .The risk of the grain sffeating_ in' the bags necessarily;, causes ■ them to exercise caution inVthe seleotibh of: samples. Last ;week..saw buyers declining to make further' purchases at .the' prices, that -had been paid;fpr'immediate.supplies, and- BalSs have , now been effected on , a lower basis. A line of IROO' bushels and another of '4200'. bushels have 'changed hands at 3s.'9d.—at ljd.: and lid., stations respectively j and 650 bushels at :3s. 10d., at Christchuroh.' For' a smaller line, of prime milling-wheat 4s.'has.been paid for immediate delivery. ..Oats. are■ not now- being: offered so freely as wheat,-bu't'what sales are taking place .arei. still, on■ ■ the; basis of' Is, 3d.'- at/'country stations.:, ■'.'/. " ; , ■','. •■ ■ •■-','.■■.•.."•■■'..■ '-,';.■:■■.'

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