COMMERCIAL.

Dominion, Volume 2, Issue 488, 22 April 1909, Page 7

COMMERCIAL.

■ THE 'SHABE MAKKET. . The afternoon sitting was abandonod yesterday, because of the races at Trentham. At the morning sitting sales of New Zealand Drugs at ,£2 Gs. Gd., New Zealand Portland Cement at ,£2 Os. Gd., and Sharlnnd's ordinary at 18s. 9d. wero reported, and a sale of National Banks at ,£5 6s. 9d. was mado on 'Change. Bank of New Zealand shares wero firm, with buyers offering ,£8 14s. National Banks, buyers ,£5 Gs., sellers ,£5 '75.; Wellington 'Trust and Loan, sellers' .£7 25.; Wellington Deposit, sellers 95.; National Mortgage, buyers ,£2 165.; Feilding Gas, buyers ill, sellers XI Os. 3d.; Wellington Gas, .£lO paid, buyers .£l7 12s. Gd., sellers ,£18; New Zealand insurance, sellers £3 18s.; Gear Meat, ,£4 paid, buyers .£10; .£1 paid, buyers £2 lis.'; Meat Export, £2 12s. Gd. paid, sellers .£3 Is. 6d.; Now Zealand Shipping, sellers ,£6 lGs.; Union Steam, buyers ill 155., sellers „C 1 15s. Gd.; Wellington Woollen, ordinary, sellers .-£3 Is.; Taupiri Coal, buyers 18s. 9d.; Westport Coal, buyers i£G 75., sellers M 95.; WestportStobkton Coal, sellers Bs. 9d.; Kauri Timber, 15s. paid, sellers 155.; Leyland-O'Brien Timber, buyers £ 1 Is. Gd.New Zealand Drugs, sellers £2 Gs. 6d.; Now Zealand Portland Cement, buyers sellers £2 Is.; Sharland's ordinary and preference, buyers 18s. 6d. THE MINING MARKET. 1 A sale of Waihis at .£9 2s. 6d, was tho only business recorded. The market was firm and quotations wore as under:—

The Customs revenue collected at Wellington y_esterday amounted to 18s. lOd. • THE IIIPOET MARKETS. Values of imported merchandise sliow some slipht fluctuations, but these do not affect the prices between merchant and retailer. Considering the prevailing conditions, the wholesale houses are doing a fair business! and next week whon the new month begins tho flow of orders should be satisfactory. • Arrowroot—Doherty's J's and l's, 3>d. to 4d. per lb.: Blue—lteckitt's bag BJd., square 7Jd.; Colman's and Keen's, square and bag, 7Jd.;.Empire, Gd. . > Candles.—With the shortening pf tho days tho demand has increased for candles, and the New.. Zealand-made article ' is selling well: ' The New Zealand . Candle Company's quotations, issued December 19, are:— Premier's 6tearino and five medal, 5Jd.; British sperm, French: sperm, ; Universal wax; Excelsior paraffine, 6a.; Apollo sperm and Venus paraffine, 6Jd.; Venus coloured fluted, Gjd.; piano, bedroom, and carriage sorts, paoked in cardboard boxes, 7Jd.; less the usual trade discounts. Price's London. sperm, IGoz., GJd.j 140z., 6}d.; Burma, 160z., 6Jd. Cornflour is meeting; with .fair- sale. B. and •P.; s}d. to 5Jd.; Johnson's, 2Jd.; Brown's, 3d.; Chicago, 2Jd. ~ : Dried Fruits—Currants, finest .provincials,; 3d; per Jb.; cleaned Amalias, 3td.; lib. cartons, 3s. 6d. per doz. Sultanas, selected;3}d.; choice id., golaeu 4fd. to 5Jd. per lb.; lib. cartons, if 6d. per dozen. Dates, bulk, 2Jd. per lb.; cartons, 3s. x Gd. per dozen. -Figs, 120z., glove boxes, 3s. 3d. per dozen. Figs, lib. layers, 4Jd.; 51b. naturals, sd. per lb. Seeded raisins are slightly lower, fancy lib. packets Is., choice 3s. Gd; per. dozen.' Muscatels, Californian, s's boxes 6d., 10's 5Jd., 20's 4Jd. per lb.; Malaga, sJ's at lOd. per lb. ' '• ' '' Canned fruit meets with slow sale at Bs. 6d. to 12s. Gd. : N ... . Evaporated fruits, such as apples, apricots, and peaches, make from 7Jd. to Bd. per lb. Cocoa—A steady,; hand-to-mouth business is doing. : Van.Houten's, l's,- 3s. 2d,; J's, 35., 3d.; it's, 3s. 4d. per lb.; Bensdorp's, l's, 25.'10 d., j's, 2s. lid.; J's, 35.; Fry's, Is. 4Jd-i Bahia, 2s. lOd. , - Condensed Milk.>— Highlander, 55.; Cowslip, is. 6d.; Swiss Milkmaid, 6s. Gd. to Gs. lid. per dozen.. Canned Meats.—Sheep.tongties, 10s. Gd., to lis., for l's; ox' tongues, 2JV3Is. to .345.; 3'5,;345. to 3Ge. Gear's assorted, potted, 4s. 6d.; St. Georgo's, ss. Cauned Fish —Herrings in tomatp' sauce, l's, 7s. to 7s. 6d.; J's 4s.', 6d.^.; to' 55.; kippered herrings, l's, 7s. Gd. to 7s. 9d.; J's, 4s. 6d. to 55.; fresh herrings, l's, Gs. to Gs. 6d. ; lobster, C. and B.,'Jlb. tins, 14s. Gd. to 155.; salmon, snlad, medium reds, lib. tails, Bs. Gd. t0.95.; lib. flats, 9s. to 9s. Gd.'; silver, Jib. flats, 55.; Golden Link, Sockaye, lib.' tails, 10s. 6d.; lib.. flats, lis.; Southern Cross, lib., Gs. Gd.; herringUts, in oil, Senator brand, Bs. to Bs. 6d.; in tomato sauce, Bs. to Bs. Gd.; sardines', Skipper, 41b. tins, ss. to ss. Gd.; J's, 9s. 9d. to 10s.; "King Edward,",J's, 4s. od. to 55.; J's; Bs. 6d. j\ ling,, Smethurst brand, is making 555.' to 565. per cwt:; codfish, in 1 21b. blocks and strips, is meeting with fair inquiry. Salmon.—Writing' on ,the position of' the salmon, market at. Home, the "Produce Markets' Keview" on February 27 advised that.it was-difficult to find importers desirous to sell, as stocks were very small, and quite inadequate for the coming season,, even ,if • the demand only proved a third of tho usual average. 'Prices, in consequence, had hardened a further Is. per case for Fraser Eiver lib. flats, whioh Were exceedingly scarce. The trade had, therefore, turned their attention: to Jib. tins, which were in good supply, and for which quotations wero reasonable. The demand for Alaska salmon had been rather quiet, but then several ships had arrived about the same time, and tho greater portion of their cargoes had been distributed to buyers, who had contracted forward, and who had been pressing for delivery. ' 1. . Chemicals.—Cream of tartar, 95 per cent.; 9d. to OJd;, 99 per cent. 9}d. .to 10d.; tartaric acid,. Is. 3d. per lb.; 6oda crystals, .£5 10s.; bicarbonate of soda, .£lO 10s. ; calcium carbide, <£15 to £16; bluestone, £'i 2 10s.; whiting, £4 15s. '

; Mustard.—Fair sales. Colraan'6 D.S.F., J's, Is. SJcI.- to Is. 6d.; J's, Is. 8!d. to Is. 4d.; Durham, '71b. tins, 7d. to 7Ad. : Matches—Plaids, 3s. 8d.,t0 3s. 9d. a gross; penny slides, Bs. 9d. to 9s. Gd.; safeties, small, foreign,' 3s. to 3s. 3d.; Bryant and May's, small, 4s. Gd.; large, 7s. Gd. ■ Nutmegs,. Is. 6d. to Is. 9d. per lb. ' ■' ' Peel.—Lemon peel is reported scarce, and further supplies from Messinawill not reacii' this market until Juno. ; For lemon 7's the quotation remains at sjd.; orange, Gd.; citron, Is. per. lb. ■■■-..■ .. '^ Pickles—Morton's hexagon • 10s.' 6d., round 12s. Gd. per dozen; Captain White's, 235. Gd.; Garton's H.P., 1-pints, 12s. Gd.; pints, 225.' Gd.; pure pickles, 9s. Gd. to 10s. . Rice.—No. 1, 165.; No. 2, 15s. per owt. Salt—Fine; 71b. bags, ss. Gd. Vb 6s. Gd.; cwt. bags, 3s. Gd. to -Is.; coarse, in cwt. bags, 3s. to 3s. 6d. per cwt. ■ •-.'■, Sauces.—L. and: P., J-pints, Ids. to 14s. Gd.; pints, 255. to 255. Gd.; Holbrook's, j-pints, 7s. Gd.; pints, 10s. 6d. to 10s. 3d.; Garton's, Jpints, 7s. Gd.; pints, 10s. to 10s. Gd.; Eaglo brand (N.Z.), £ T pintsy 25.,9 d. to 35.; pints, ss. 6d. :to Gs. ' ■:■ •■ ■ '

Starch.-Colman's, lib. boxes, 5Jd. to 5Jd.; 51b. packets, sd.' to sjd.; New Zealanfi. lib. boxes, 385..'t0 S9s. per owt.; 51b. packets, 375. to.'3Bs. per cwt.. . ' • ; Spelter.^—Writing with respect to the re-cently-arranged German spelter combine, the special correspondent ofi the "Financial Times" says that the scheme has an international side, which is of the greatest interest to producers and consumers throughout the' world, The Gorman producers, with whom the idea for an understanding or convention originated, have now succeeded in attaining their main object, which undoubtedly was to secure the effective of their own output and prices. As they are' in. the happy position of being'able to find a market for practically the iwholo of their production at home, it is obvious that they have,everything, to gain and nothing to lose by an arrangoment which would ensure them freedom from the unwelcome competition of foreign producers, and also obviate the necessity for such internecine competition as existed among themselves. Scotch Whisky.—lf tho promise of the present is fulfilled the course . of the. whisky trado in Scotland will'follow that of last year, and show at the end another decrease in the consumption. For the whole of the United Kingdom last year the consumption was 31,413,397 gallons—a decrease of 1,260,900 on the provious year. . Of this, Scotland's shore was 5,518;2G5 gallons—a falling-away of 4GO,SGS. fully a third of the whole. The .now year, as is usual, opened very slack; but the improvement which was expected has not yet set in, Blenders are finding business very dull, the demand experienced being small. In the market for single whiskies there has been quite an active demand for the makes of 1897, 1898, nnd. 1899. and the business put through is computed at several thousands of hogsheads. The buying was initiated by one of the big Glasgow blending houses, and the rest of the blending trade followed on under; the impression that the stock of tho younger bondings of grain spirits will prove inadequate to meet the requirement* of the trade.' Comparatively little business has been done in Highland, malt whisky, the distillers of which have some trouble to keep their plants running.. Tho transactions have been mostly confined to the makes of "1901s, 1902'5, and 1903'5. ; Among tho older bondings 1897's have been'in request, but there is' little doing in'lS9B's. A fair, steady business is reported in Lowland, malts,' the makes wanted being 1902'5, 1903'5, andU9oi's. Tapioca,—Seodi lis. . Gd. j pearl, 15s. • Gd. -per ,owt. ;

Sugar—The market is'steady,"'v..h a. good, demand. 1A and No. 1, 56's. JilG 155.; No. 2, £16 55.; No. 3, £lb ss. per ton. ' Vinegar.—Midland Red Hock, quarts, Bs. Oil. j Champion, quarts, 9s. 6d.; Red Seal,- quarts, is.; Midland concentrated, Boz. bottles, lis. 6d. per doz.; concentrutcd, sgal. casks, 9s. 6d. per gallon; pure malt, 28gal. casks,- 2s. 9d< per gallon. ~,'..•..'

WELLINGTON MARKET REPORT.. Laery and Co., Ltd., Wellington, report wholesale prices ruling on the market:—Wheat,' fowl 4s. 6d. to is. 9d„ feed oats 2s. Id. to 25.3d.; dun oats, 2s. Id. to 2s. 3d.; seed oats, 2s. 4d. to 2s. Bd.; Algerian'seed oals, 2s. 6d.; maize, 4s. 10d; to ss. 3d.: crushed malt, Bs. 9d.; fowl barley, 3s.; 1 horse beans, 45.; Gd: (all at per bushel); ricemeal, £5 to .£5.55.; flour, New Zealand .£l2 10s.,Australian M3; bran, £5 toi!sss.; pollard, £6 10s. to M 155.; pearl barley, J315; pens, partridge 4s. 9d., Prussian blue ss. to ss. Od.; fowl peas 4s. 3d.,, split .£l7 10s.;' boiledust, M; superphosphates, £5 to £5 55.; guano, £i 10s.;, chaff (oatenshcaf); £3 to £S 155.; oatmeal, £$ 15s. to £10; potatoes, £2 10s. to £i; onions, £5 to :£G; piclclere,. Gs. to Bs. cwt.; molasses fodder, £5; bacon: (factory), sides 7|d., hams Bd., rolls Bid.; butter, bulk, Bd. Poultry—Hens, 35.; ducks, 4s. to 55.; turkeys, gobblers lis. to 125., hens 9s. to 10s.;' fresh eggs 2s. 3d. to 2s. 4d,; preserved eggs, Is. Bd.to Is. 9cl. ; per dozen'; cheese, Gd. to 6'd. per lb., loaf 7d. to 7Jd. per lb.; Akaroa machine-dressed cocksfoot, 7Jd. to Bd.; farmers' dressed, sd. to Gd. rer. lb.; ryegrass, 3s. 3d. to 4s. Gd. per bushel; Italian ryegrass..3s. Gdi' to 4s. 6d. bushel; white clover, 70s. to, 755. per cwt.; red clover, 655. cwt.; ,cow grass, ; 655. cwt.j alsike, 82s. 6d. cwt.; mustard, 40s. cwt.; trefoil, 375. Gd. cwt.; rape 6eed, 265. cwt.; Timothy, 325. 6d cwt.; swedo and turnip seed, GOs. cwt. -

SOUTH CANTERBURY MARKET REPORT,

Messrs. G. S. Meredith and Co., Waimate, report for/the week on tho South Canterbury grain and produce market as follows:—Wheat: The market, here is very firm, in sympathy with outside markets, but buyers will not respond to the high prices asked by farmers. Sales have been made at is. to 4s. Id. on trucks at country stations, sacks 5Jd., Oats: There are very few oats offering, growers not being inclined to accept rates, which are as follow:—Gartons, Is. 3d. on trucks at.-country, stations, sacks 5Jd.; Danish, 2d. on trucks at country stations, sacks 5Jd.; duns, Is. -2Jd. on trucks at country station's, sacks 51d... Chaff: The market remains about the same. A good deal ,is selling, principally for forward delivery. For prompt shipment north, the price is 525. 6d. to 555.; f.0.b.5.i.; .for forward delivery; up to. £3 per ton has been paid. Potatoes: The market' for potatoes has declined during the week, owing, no doubt, to the largo quantities offering. . The blight is very' prevalent; and, ,on this account, ship, pers are not anxious to do business. Prices are for prime lines, £2' to £2 2s. Gd. on trucks at country stations, sacks included, equalling about i£2 10s.-to £2 12s. Gd. f.o.b.s.i. Straw: Baled, wheaten, 30s. f.0.b.; baled: oaten. 325. Gd. .■ .■ , .•'■• .;

GRAIN MARICET. .'. (bt telegb.uph—peess aSso,oution.)V ■"'■.'•.•'.''■ .-•''• Dunedin; April 21. Wheat.—The excitement in other markets lias, been experienced here to some extent, and all classes 'oni offer have been changing hands at a substantial , advance on the opening rates of tho 6eason. Prime velvet is offering "sparingly, and is specially in request by millers. Tuscan and other prime' sorts . are readily token at quotations, .but medium quality has not the same attention: . Fowl wheat is offering freely and has not ndvanced to" the same extent as other kinds. : Prime milling, l ,4s.,3d. to 4Jd.; choice velvet, 4s. sd. to 4s. 6d.; medium, is. to 4s. 2d.; whole fowl wheat, 3s. 9d. to 35. : lid.; medium, 3s. 6d. to 3s. Bd.; broken and damaged, 3s. to 3s. 5d.. ■■'.' ■'■■■ ■', ■■■■■.' :■" ■'■■'-■ " . '

Oats.—This market has, been.very\ active for the nast two days, the demand bein» mainly for prompt shipment by the Den of Ruthveu, and also on Australian account. The demand for immediate'shipment exceeds the-supply, arid the market has firmed; to the extent of fully Id. per bushel. To-day the quotation is Is. 7d. f.o.b.s.i. for B grade, • and ■ Is. l\i. for A grade Gnrtons, which are scarce.':Ordei'B from Sydney on. a basis of/ls.'7d. f.o.b.s.i. for B grade have in' some cases\been declined,,owin» to _ difficulty in procuring!supplies for prompt shipment. Merchants Who' took up forward contracts have also been endeavouring to cover. The • combined ' circumstances caused quito a nutter in the market. ■ .

' : FLOUR,, BRAN, AND POLBABp.'- ■'■ (BY ASSOCIATION.),,- :'.". '■",'" Christchurch, April 21. ■_ The New Zealand Flour Millers' Association to-day raised the pric« of bran 10s. per ton? the ruling rates now being £i ss. local and £i f.o.b. Pollard is also raised 10s. per ton, bringing the price to 10s. Flour r.ow stands at .£ll 10s. per ton.'/ ■ :'(\ \', ■ ••■•-■...•;• ■■■:••' , /. -THE'. WHEAT MARKET.I ';>. (or TBr-iauiPH—rnsss AssbCUTibN—coprmonT.) ■'"mf V V--i V'V'\. 'London, April 20.'"■.' . Inree Australian'wheat cargoes havo been sold at Os., Ws. 3d., and Us, 6d. per quarter respectively. ■;.';..■" ;■'-' ■"■ : i.:. >■■■.'■■ .'. ' THE 'METAL MARKETS./ ?.:'' (BT TRLEQEATH—PBESS ASSOCUTION-^-COPIEIGHT.) ".'■■ , ,•": : : "." ;; - London, April 20. '. Copper—On the spot, ',£57 2s. 6d. per ton; three months, .£57 17s. 6d.-'■ ; Tin-Spot, .£133 7s. 6d, per ton j : three months, cbloo 15s. ■, Lead, .£l3 ss. , : ''■■'.' Silver, 23' 11-16 d. per'ounce standard, ,'\ AUSTRALIAN PRODUCE,' ' . ;: (DI TEDEGRAPH—PRESS AS^OCIA'TION-^OPTRIanT.) :■'„„ ■:.-, ;,, „, Sydney, April 21. "Wheat,;ss.'id. Flour, .£l2 10s. Oats—Algerian, 2s. 5d., to 2s. 6d. Barley-Cape,: 2s; 9d. to 2s. lid. Maize, 4s. 3d. Bran and pollard, .£5 10s. Potatoes—Tasmanian, .£5, ss. OnionsNew Zealand, :.£G 155.; Victorian, .£7. Butter •-Specially)flavoured, 905.; other grades, nominal. Cheese, 6Jd. ; Bacon, 7d.: to Bd. "'■'tm. i' ', ■';',"• ™ Mo| i">urno, April 21. Wheat, ss. id/ Flour, .£l2. Oats—Algerian ,2s. Id,; fitont whites, 2s. 3d. 'Barley-Cane malting, 2s;. 9d,j. feeding to 2s. Bd. Maize, 4s. 7d. Bran and pollard, Is. 2d. Potatoes. £3 ,2s. 6d. to £3 15s.', 10s. " . . _~ , ' „, '■■"■' . Adelaide, April : 21. Wheat, ss. .2d. Flour,- .£l2. Oats-Akerian 2s. Id. to 25.. 3d. Bran! and pollard, Is, 3d' '

■ Buyers./ Sellers. Sales. ; , •£ s. (1. £ s. d. £ s. d. Waihi G d Junction 1 10 6 1 10 9 — ■ Waihi ... ... 9 2 0 0 3' 0 9 .2. 6 Talisman 2 8 0 2 86 — Waitangi ... ... 041 0 4 8 — Con. Goldfields ... . — 0 14 3 —