COMMERCIAL.

Dominion, Volume 2, Issue 554, 8 July 1909, Page 8

COMMERCIAL.

-THE.SHARE MARKET. The markot exKibited a little more vitality yesterday, and sales were mado of Gear Meat shares at £10 ss. and £2 12s. 6d. for the r&epective issues. A sale of New Zealand miland Cement at 11s. was also repoited. There ■R as n. good demand for insurance shares, with buyers of National Insurance at £1 85..3d., Now Zealand at £3 18b., South British at JE2 11s., and Standard at £1 2s. 9d. Bank of New Zealand, buyers £9 Is., bollors £0 45.; National Banks, .buyers £6 Us. 6d., enm dividend; Wellington Investment, buyers lla. Od., sellers 12s.rWolluiKton Trust -'and Loan, buyers £6- 165., sellers .£6 IBs.; Winston Meat Export, third issue, sellers £2 12s. 6d.; Wellington Woollen, buyers £2 19s. 3d ; Taupiri Coal, seUors .CI os.> 9d.; ,Wcstnorl>Stockton Coal, sellers 6s. 9d.j Leyland-o'Bnen Tunbcr, sellers 2s. 6d.; New i,Zealand Portland Cement, buyers £2 Is.; Taranaki retioloum, buyers ss. THE MINING MARKET. At the' niorning call sales wero reported of , ,Kuranui Caledonian at Is. lOd., May Queen at 3s. Bd.,' Talisman at £2 14s. 9d. Waihi Grand Junation at £1 65., Waihi at wC9 4e. 3d., ■ nnd Waiotahi at ss. 4d., ss. 7d., ss. 6d., ss. id At the afternoon call Hie sales on Change *ere: Talisman, £2'145.; Waihi Grand Junction, £2 ss. 9d,; and tho reported sales were: Kuranui Caledonian, 2s. Id.; May Queen, 39. Bd.,'and 3s. IOd.; Maoriland, lid.; and-Waio-tahi, ss. 5d.. ss. Gd., Be. Cd. The quotations, , . .-with tho last recorded sales, were Bβ under.—' 1 Buyers. Selleis. Sales £s. d. £s. d. -£ b. d. Waihi G'd Junction- 2 5 9 2 6 0.259 .Tya.M ; „.....-.. 9 3 G — 9 4 3 Waiotahi :. : 011 0 0118 0 8 0 Waitangi .'. "... - 0 310 - ' , Karangahake 0 ,1. 2 " — > — ' KuTanui Caledonian O'H 022 021 N.Z. Crowit - 0 511 , - ' -. May Queen 0 3 9 0 311 0 3,10 ' Won 0-3" 2" 0 3 4 , - Taima Broken, Hills 0 111 — • — • Talisman 2 13\ 9 '2 14 3.' 2 14 0 Now Sylvia 033'0 3 4 -'■ Mooriland oio 11 .-0,1-2 '0 0 11 Ngatiawa ', 00 4 00 51 — New Alpine (9s. 3d., paid) ,-, 08 0" — Hew Alpine •' (10a. •■ ■' ' ■ ■ ' ' paid) -.083 - ' Con. Goldfields 018 0 019 0 — ~ Blackwater 17 0 17 6 - ' 'j THE litPORT' MARKETS. A quiet but steady business is passing between merchant and' retailer, and, if i the next six weeks can be got through without .' the conditions becoming nny worse than they are at present, theie will not bo much room for complaint. Commodity values show no (changes for tho week, and merchants have nothing new to repoit. Arrowroot.—Tho market is bare, and there -is difflonlty in securing fresh supplies. ' Candles are sellin» freely, as may bo expected at this time of the year. There are full ' Bupplies of imported and loeally-roade candles. ' The New Zealand Candle Company's quotations, issued December 19, are:—Premier's stoarine , and five medal, 5Jd.; British sperm, French 6perm, Uriversal wax, Excelsior paraalne, Gd.; ' Apollo sperm and Venus paraffine, 6{d.; Venus Coloured fluted, 6Jd.; piano, bedroom, and carriage sorts, packed in cardboard boxes, 7}d.; " less the usual trade discounts. Price's London. I Bperm, 160z., GJd.; 140z., Gld.; Burma, IGoz., 6jd. , "■',<■■'' Cornflour.—Steady business passing. B. ,and P., aid. to sjd.; Johnson's,.2}d.; Browns,,3d.; ' , Chicago, 23d. • ' "■ . • - Cocoa.—A steady hond-to-month business is doing. Van Houten's, Is, 3s. 2d.>; i's,'3s. 3d.; i's, 3s. 4d. per lb.; Bensdorp's, l's, 2s. ,10d.) i's, 2s. lid.; i f s, 35.; FryVlV'ls. '4Jd.; Bahia, 2s. 10.1. v , > '' ' ' Condensed milk.—Highlander, , 55.; 'Cowslip; 'it. Gd.; Swiss Milkmaid, Gs. 6d. to 6s lid. por dozen. * • ' ~ Canned'Meats.—Sheep tongues, 10s. 6d. to llsf. 1 for l's; ox tongues, 2!|'s, 311. to 345. , ; 3'sJ 345. to BGs. per dozen; Gear's assorted, potted, 4s. 6d. f t ' St. George's, ss. ,< • , Canned Fish.—Only a very moderate business ' is doing in canned fish.—Herring in tomato ' ' sauce, l's, 7s. to 7s. 6d ; i's, 4s. Gd. to 55.; kippered herrings, l's, 7s. ',' Gd.' to . 7s. 9d.; J's, ,4s Cd. .to 55.; fresh herrings,'V s >' Cs. to Gs. Gd.; lobster, C and 41b. tinsi J4s. 6d. to 155.; Balmoni salad, medium reds, lib. , tails, 83. Gd to 93.; iltb. flats,. 9s. to, 95.,6 d.';. silver, ilb. flats,,ss.'; Golden' Link, Sockaye, Ub. v tails, 10s. Gd.;rlJb. flats, lls.; Southern, Gross,/ fib., 6s. Gd. Herringlets, in oil, Senator brand, Bs. to Bs.-Gd.; in tomato sauce, Bs. to"8s. Gd.; sardines, Skipper, 51b. tins,, ss. to ss. 9s. 9d. to 105.; "King Edward,",, i's, 4s. 9d, to 65.; i's, 8s Gd.; ling, Smothurst brand, fs ' making 53s to 5Gs por cwt. The Salmon 'Shortage.—Respecting the London market for tinned salmon,' tho "Produce

-Vw Markets', R©view,''.".on:'vMay:.B;iwr6te , '-that lV sales , :E,V' W : Alaska .salmon/were:very.'-satisfactory; -and '■;::'ft ; -.-.'if ■', they' the':same."rate it 'was i'vl ~■ questionable whether stocks/would be'sufficient : :':-.: :: - to - 'bver].;.OTthout an.advance.iu . ":-'V.price,■ until 'the 'IW '"pack:,wai'.'available. Ow- ».'>>",':'■:! ing;to,:tho.dearness Jof .Fraser.-River,' in .lib. 'V.;,)vtall and .flat;tins,>-buyers >had> had to.give more '"■■'■■; attention < than;', usual ; to :. the -best - parcels of -•":"' ; ; : c'Alaska,: which was finding an additional outlet : -Vv : this .'season'; ..The demana for Fraser River; in' '.: ■';.•' Jib. flat tins, : was gradually : improving,. for. the ": ■'.'.'•.:, quality was. the' .best,'/ and : quetritions ; were'-.low .;: > ; .and very.attractive. ;'As it;was,the;'only.;..tin.of' v •:'•'■; Bolnion''thit"'Could; be ; retailed at 'sd. at' the

6ame time showing the seller a larger rate of profit than usual, many grocers were bringing this line prominently before the public by win dow display and otherwise Chemical. —Cream of tartar, 95 per cent, 9Jd to 10d ,99 per cent, 9Jd to 10d , tartano acid, Is 3d per Ib , soda crystals, JJS 10s , bicarbon ate of soda 1 .£lO 10s , calcram carbide, .£ls to blnestono, 10s , whiting, £A 15s. Canned fruits are meeting with fair eales, and quotations rule at 8s 6d to 12s 6d Dried Fruits —rhero is an improving de taand, owing mainly to the absence of * fresh fruit —Cm rants, finest provincials, 2Jd to 3d, cleaned Amalias 3d, lib cartons 8s 6d per dozen, sultanas, selected Z\i,, choice id , golden 4|d to sid per lb , lib cartons 4s 6d per dozen. Dates, balk, 2Jd per lb , car ' tons, 3s 6d per dozen Figs, 12oz glove boxes, Ss 3d per dozen Tigs, lib layers, i\d , slb naturals, 5d per lb Seeded raisins are slightly lower, fancy lib packets 4s, choice 3s 0d per dozen Muscatels, Cahfornian, s's boxes 6d , 10's ssd, 20s's 4Jd per, lb ; Malaga, sJ's at 10d. per lb i Evaporated Fruits—The quotations are unchanged, apples, apricots, and peaches making from 7jd to 8(1 per lb Infants' Foods —Neave's, 9s 9d , Allan and Hanbury's Noa 1 and 2, 17s , No 3, 10s 6d., Benger's, 17s , Robinson's patent groats and barley, 7s Gd Jute —Messrs Gillanders, Arbuthnot and Co , writing, from Calcutta on June 5, stated that the inquiry for jute from all sources had been poor, and'the only business of note reported was for Burmah and the Far East up to the end of the ysar at almost daily lower rates Tollomng the decision of the mills to continue working short time until September 30, sellers had tried to raise rates, bnt without eucoess, and at tho close nulls were ready to do business at lower rotes for almost all positions There had been but little inquiry for Austra lian or New Zealand sacks, but some fair lines 1 had been effected in tho latter by "bears" covering Mills had been unwilling to give way to any extent in Australian sacks, but some covering business had been done at id below previous ra'es Buyers were holding off for lower rates, and with a reduction of a further id thore wa? a large amount of covering to be done A lino of brans was reported up to the end of the jear at lower rate, but buyers were only offering well below that rate A few stray pal eels of packs had been done at last rates Ores had been neglected Hessians were weak, and in poor request, and the market closed with a downward tendency. Maizena —Duryea's, 5Jd Knife Polish —Nixoy's, is 6d , Okey s, ss. 3d Mustard —Fair sales Colman's DS F, i's, Is siid to Is 6d , I's, Is 3Jd to Is Id , Durham, 71b tins, 7d to 7Jd Matches—Plaids, is 8d to 3s 9d a gross, penny slides, 8s 9d to 9s 6d , safeties, small, toreign, 3s to 3s 6d , Brjantand May's, small, is 6d , large, 7s 6d Nutmegs, 9d to Is per lb Pe«l—Lemon peel continues scarce, but sup plies are expected to reach this port next month Lemon peel, 7s, 5Jd , orange, 5Jd , Citron, IOJd per 11) Pickles —Morton's hexagon 10s 6d, round 12s Cd per doren, Captain White's, 23s Gd , Garton's H P , 1 pints, 12s fid , pints, 22s 6d., pure pickles, 9s 6d to 10s Bice-No 1, 15s 6d , No 2, Us. 6d cwt \ Salt -rine, 71b bags, 5s 6d to Gs. Gd per owt , bags, 3s Gd to 4s , coarse, in cwt bags, Ss to 3s 6d per cwt Sauces —L and P, } pints, 14s to 14s Gd , pints, 25' to 25s 6d , Holbrook's, J pints, 7s 6d , pints, 10s 6d to 10s 9d , garton's } pints If Gd , pints, 10s to 10s Gd , Eagle brand (N Z), J pints, 2s 9d to 3s , pints, 5s Starch -Colmon's, lib boxes, 5Jd to 5Jd , slb packets, 5d to 51d , New Zealand, lib boxes, 38s to 39s 'per c*t , slb packets, 37s to TBs per ort Stove Polish -Nixey's, 2s Gd , Reckitt's, 3a per dozen Sugar—The market is steady, with a good demand 1A and No 1, 56's, JEIG 15s ,No 2, i,16 5a , No 3, .£ls 5s per ton Tea.—The tea industry, of Coylon is now said \ to be jn a vory prosperous condition, tnonsh

there was some reduction in Inst season's crop, owing to a ecvere drought in the autumn. and tlie falling off in tho outturn would linvo been greatei had it not teen that sinco tho extension of rubber cultivation, tea planting line been increased in tho higher altitudes, which has proved beneficial to returns. "Tho exports from Ccvlon during 1808 totalled 180,019,3211b., against 182,023,7321b. in 1907, and 169,909,3.15 l>. in 1906. Of last year's shipments, 109,607,50t1b. went to tho United Kingdom, as against ni,6CB,B3GIb. in 1907. The demand for green tea, however, was rednocd, and for this reason prices declised. Opinions as to tho future mostly agrco that much of tho rubber planting which was dono between existing t<>a bushoe in tho lower plantations is not calculated to improve tho flavour or the growth of tho tea plnnt, and will donbtless show itself moro definitely in tho futnio in a poorer cup quality and lessened production, though the extension of huh-grown teas will offset thii to dome extent. However, the increase from now tea planting is generally recorded as remote. Production is likely to remain stationary, and may even decline, but much will depend upon tho maintenance of the standard of quality produced in tho past emson. There can bo flttje doubt that tho manufacture of medium to good grades will be attended with mo3t success in the long ran, ae it is in tho production of these descriptions that Ceylon has no rival in satisfying Home and foreign require- 1 ments. Those estates, too, possessing special advantages in regard to the characteristics of soil, climate, and higher elevation, cannot do better than aim to produce tlie best tea poeniblo, and the desirabiEty of turning out welltwisted teas cannot be too much emphasised, as (trades having these attributes, besides keeping bettor, yield a richer cup. A free system of plucking is not to bo commended, as it connot riv.il tho vigorous common leaf, which is the characteristic of the Indian product. Vincar.—-Midland Bed Hock, qnarts, Bs. Od.; Champion, quarts, 9s. 6d.; Red Seal, quarts,. 45,; Midland concentrated, Boz. bottles, 11s. 6d. per doz.; concentrated, sgal. casks, 9s. Cd. per gallon;'pure malt, 28gal. casts, 2s. 9d. per galWhisky.—When tho mail left, the Scotch whisky trade was in a somewhat disorganised condition. It will' take distillers and merchants somo time to accommodate themselves to the new conditions, tho effects of which are not yet'exactly determined (rnmarks an cneh'antre). It is feared that tho increnso in' tho duty may accelerate tho rate of decrease in consumption, and eo add to tho dead weieht of the enomons sUcks. Though, no doubt, there has been a' deorease in the production, the stocks in hand are still probably sufficient for seven or eight years' consumption. In these circumstances, it is not improbablo that the increased duty mav lead to the revival of the project for a combination" of distillers to limit the output by closing down some of the distilleries, and concentrating production in the othoTS. Meantime, trade is limited, but as the blenders greatly reduced tlie contents of I their vats by the prc-Budget trade, it is expected that they will shortly come on the | market to replenish them. i Customs revenue collected nt Wellington yesterday amounted to JE99I 10s. sd. '. 'WELLINGTON MARKET EEPORT. Messrs. Laery and Co., Ltd., Wellington, report wholesale prices ruling on the market:— Wheat, fowl, 4s. Si. to 4s. 10d.; feed oats, 2s. to 2s. 4d.; dun oats, 2s. 2d. to 2s. 4d.; seed oats, 2s. 4d. to 2s. Bd.; Algerian seed oats, 2s. 6d. to 2s. 9d.; maize, 4s. 7d. to 4s. 9d.j crushed malt, 75.; fowl barley, 2s. 9d. to 35.; Capo barley, 35.; horse beans, 4s. Cd. (all at per bushel); ricemeal, £i 15s. ito £'o; flour. Now Zealand .£ll 10s. to .612; bran, £i 10s. to £o; pearl barley, .£l6; peas, partridge, 45.9 d.; Prussian bine ss. 3d. to ss. 6d., fowl peas Is., split j£l7 10s.;" bonedusl, £G; superphosphates, h to £5 55.; pollard, £& 10s. to £6 155.; euano, £4 10s.; chaff (oatenshcaf), £3 ss. to £3 15s • oatmeal, .£lo'ss. to 10s.; potatoes, £i to £5 105.,' seed potatoes, £5 to £1, imported seed TJp-to-Dafces, ,£6los. to .£7; onions,.£s£o i>7; molasses fodder, £5; bacon (factory), sides 73d., hams Bd., rolls Sid.; butter, bnlk, 9Jd. to 10d. Poultry—Hods, 35.; dncks, 4s. to os.; turkeys, gobblers Us. to 12s., v hens 9s. to 10s.; frosh tffs Is. 7d. to Is. Bd.; preserved Is. sd. per doz; oheeso, 6d. to 6Jd. per lb., loaf 7d. to 7|<j per lb • Akuroa machine-dressed cocksfoot 7Jd. to Bd'., farmers' dressed sd. to 6d. per lb ; ryeurass, 3s. 3d. to 4s. Cd. per bushel; Italian ryegrass, 3s. Gd. to 4s. 6d. bushel; white clwer, 70s to 755. cwt.; red clover, 635. cwt.; cow grass Gjs. cwt.; alsiko, 82s. Cd. cwt.; mustard, 40s. 'cwt.; trefoil, 375. Gd. cwt.; rapo seed, 2Cs. cwt.; timothy, 325. 6d. cwt.; swedo and turnip seed, 60s. cwt.