COMMERCIAL ITEMS.

Dominion, Volume 3, Issue 671, 23 November 1909, Page 8

COMMERCIAL ITEMS.

''A'/ ">'l~'- : r '! SHADES; ■'".;.- "'•.'.Ho; soles-were' reported .'yesterday, a not unusual 'feature 'on' a Monday. :■ National Bank, ;buycrs'£6; Bank of.Now,Zealand, buyers,£9;lss.. sbller's' £9 175.; National'- Mortgage,- buyor3 £2 188.,6d.,:sellers:£3;, Now Zealand.Loan and Mercantile,'sellers'6s. rFeilding Gas,'buyers. £1 Is., sellers £1 ;2b. .9d.; ..Napier .Gas, ;£5 paid,- sellers £12 7b.'' 6d.;-'Palmerston' North Gas, 'sellers £8; ,v7ellington ,15s: .paid,■ sellers•;£l,4.-65.;, National ■• Insurance,''sellers ■ £1- 0s;-'6di; 'South British, sellers '£2 155.; Standard -Insurance,. ■ buyerß 41 -2s.' 3d., sellers- £1 '4s.;•>Gear Meat, £4, paid.buyers £10 6a.;: £1 paid', buyers, £2U2s: 6d.; ■New; Zealand Shipping,-.buyers £7 7s: 6d.; Wei-. -lington, 'Woollen,, buyers £3 '35.; Taupiri • Coal;' sellers ' 19s. - 6d.;vWestport> Coal, , sollers ,?.£6-.45.; New Zealand ■ Consolidated .Beiltal, sellors £1 4s. 6d.; New Zealand Drug, buyers, £2 6s.;New Zea-land-Portland Cement; buyers £1 155., sellers £1, 18s.;' Shariand's' preference, buyers '• £1: os. 6d.'; Wellington Opera House, sellers£7 17b. 6d.

';■>;; :i;•'■;.' t;.THE;WOOL ':■':<. '"'.: ' 'The London wool 'sales open,'to-da,y,. and a' talk s with-brokers,- reveals; the. fact ;that, a forecast 1 of the market prospects is a difficult matter. If 'the results 'of the local- salts are - any guide, then values .show .great improvement, but, as was pointed out yesterday, there ' are', other .factors that: must be taken into -consideration. .-;-: :T.he course of the-Antwerp sales was a-igreat disappointment, but the class- of wool offered ,was perhaps hot up,-to'tho'requirements of: European buyers.': Tho-'attitudo- of -American buyers'will, 'ho doubt,' determine tho prices,.and it.is singular that tho Americans should exercise"sucir an influence. At the last London sales.- Bradford took'-66,000,ba1e8, the Continent,32,ooo bales,:.and America"6oCO bales. Greasy, vwols suitable for the. United were -mostly 15 per cent; dearer/ The demand from that quarter was also responsible for an advahco.of at least,2o per cent, in the finer and 1 lighter descriptions of-crossbreds from Punta'Arenas. •"•":■:■'■ -•. •■. '"• ■>. . -'■.■' ',-''. "-From" all wo can gather, there .is no ..doubt that'the world's wool Supply'is-falling off because Europe and North America are both eating up tteir sheep; ."The! latest statistics go .to:confirm this view; though it must'bo'admitted that these statistics are not quite as: completed or as satisfactory as they might" bo.'• The "Manchester Guardian" takes an opposite view. It admits that' thore is a general impression that • the world's production;.is declining, but adds :- "Whero tho information;upon this subject.comes from is: a mystery. ,!So*far. as-New Zealand'is. concerned/wo, think she will do.well if her exports during! the .present wool .year-show no falling off/ So far, however, as South Africa Ik roncerned, although the exports have jumped !n/a/"ery short time from 200,000 to 300,000 bales, Ut'is now'certain that- another • increase of 30,000 bales will bo registered this year, and we shall not bo surprised if the increase amounts to as much as 60,000 bales. Men who have ■exceptional means of judging correctly are of opinion, that ; South Africa before many years are over _wlll Export■: at least half a million bales, The Boor 'farmer and . his rulers aro. at last waking up, "and not only adopting Australian methods of sheep-farming, but importing in large numbers ■shcop from'tho best stud flocks in the Common--wealth.' Some of the best, rams recently, sold in-Sydney; wore secured for South Africa.- .', Customs revonno collected at .Wellington yesterday amounted to £1176 17a. 40. ."■•' ,■ . : '-"..'■ iPEODTJOE.BEPOET.'.. , ; i Tho Now Zealand Fruit and Produce Company, Ltd., report fruit" and produco prices' ruled in :their market for the week ended November 22, as follow.—Potatoes, Is. 9d. to: 6s. 3d; owt.; potatoes, new, Bs. to Us; cwt.; lettuce, 6s. to Bs. case; turnipß,'4s. to ss. 6d. sack; onions, Victorian, 10s. '6d. to lis. 6d.; carrots, now, la.'4d. dozen; cauliflowor, 4s.' to 10s. cwt. j beetroot, 2s< 9d. to Is. 3d. sack; cabbage, 3s. 6d. to 7s.' 6d. cwt.;-peas, lOd. tola. 4d; peck; beans, French, 4}d, per.lb.; beans, broad, 2d.■ per-'lb.'; rhubarb, 3s. to 6s. dozen; asparagus,-7d. to 9d. bunch;,mandarins, Bs. 9d. to lis. caso; pines,. 9s. to. lis. .6d.'case: lomons, 83. to'los. case;'bananas,' 75.-9 d. to 10s. : case; orangoß, island, 10s. 6d. . t0;'153.". case: .oranges. Sydney, lis. to 13s. caso; pasßion- fruit, 12s. to 13s. 6d. box; passion fruit,:2os. case; apples, Tasmanian, Scarlet Fcrmain, 14s.' to 16.8.;; apples, French crabs,: 14s. case; apples,. Stunners, .10a. 6d. to 14s. case; eggs, Is. to Is. Id. dozen; turkeys, 14s. to 18s.' pair; hens,'.4s. 6d. to ss. pair; 'dunks, 6s. to os. pair; bran, 9b. sack; ''pats, 2s. 2d, to 2b. 4d. bushel; chaff, £3 to £3 10s.; poanuts, 20s. sack; gooseberries, ss. to 6s. 6d.; preserved ginger, 6id. per. lb. : : .[.•■■.„■■ '■'•■'■..■".■-'<.■.•:.-'

'■(■',-. WELLINGTON; MAEKET'EEPOBT.;' Messrs. Lacry and Co.,' Ltd.,: Wellington, r» port-wholesale prices ruling ,on tho. Wheat, ; , fowl, . 4s. / Bd. to ~45.. :. 10d.;- ; feed oats, 2a.-. 2d., to Zs. 1 6d.;' dun oats,<2s. v 4d. to 2s.- 6d.;-seed .oats, 2b. 4d. to 2s. 8d.;: algorian oats 2s. 2d. to 2s. 6d.; maize, 4s. - to'. 4s. 3d.; crushed malt, 75.: fowl barley,. 2s. 4d. to 2s. 6d.i iCapo barley seed, ZB; 6d.'to 2a. 9d.; 11oar, : I.ewiZcalnnd £11-sa.to£ll 10b.,Australian £12 6s. to £12 10a.; : bran,£3lss.to£4;poarlbarley,lss.i poasJrnEsian blue,ss.3d. to 6s. Gd.; fowl peas, 4b.; split, £1710s. i bonedust,£slss.; superphosphates, £sito £5' 65.; -pollard, y£4 Mss. to ''£5 Ws.i basic :i - slag, : .!''£4'-10s.!.V' chair. - batensheuf, ;-.*lss."j ;• oatmeal. ..£lO '. -10s., to £tl>. ; notatOTß, : ;itable.;. : ;£6v:to. v £7; i;Victorian

81d„. I rolls 81d.;; butter, . primo ... balk, Bd. to ,3id. " Poultry: Hens, 4s. 6d. to ss. 6d.; ducks, 6s. to 7b.; turkoys, gobblors.: 18s. to 205.; hons, 10s. to 145.; fresh eggs, Is. to Is. Id. doz.; cheeso. 6d. to 6!d. per lb.; loaf, 7d. to ?!d. por . lb.; Akaroa machine-dressed, cocksfoot, ,73d., to Bd.r farmers' dressed .cocksfoot, sd. to' 6d. per .; lb.; ryegrass; 3s. 9d.: to 4s. 6d. per." bushel: '■ Italian ryegrass, 3s.'6d. to 4s. 6d. ■ bushel; whito clover, 765, per owt.; red clover, 755. per cwt,; cow grass, -755,,cwt.; aleike. S2s. ,'6d. cwt.: mustard, 40s. cwt; rape seed, 265.'-cwt.; .timothy, 325. 6d. cwt.; Swede and turnip seed, 60s. to 60s. cwt'- ,' / ■' • HIGH COMMISSIONEH'S. CABLE, j '. The Commerce and Tourists Division has re- > ceived the following cable from the High Com- : mis3ioner dated London, Novomber 20;— I jl'ho mutton: market is slightly: weaker, with | less demand, and market may decline further. , Canterbury is quoted, at 4d.'per lb./ and North ' Island at 3?d. ■".. ' , - ■' ■ j .'-The lamb market is weaker, with a down- ■ ward tendency. Thero 'is a. dull sale for all ■ lamb,-and holders are anxious to sell. Canter- 1 'bury is quoted at 4jd. and other Now Zealand , at 3Jd. ■The beef market.is dull and stock is heavy. New Zealand hinds are quoted at 3gd. and fores at 3&d. ■ ' -• ' j The butter market is firm,-with an improved demand for-best quality. Holders are Arm. B.S. Arawa butter arrived in ' good condition. New Zealand • choicest butter, 1205.' per cwt.; 'Australian, 1165.; 'Danish, 1325.; Argentine, 118s.; , ■Siberian, HCs. '■■■-, . .'■■■ '. ~ ,- The cheese market is steady, and a fair business is doing in best quality at 575. per cwt. for New Zealand. Dull'tor second class quality. The hemp market is steady, and a fair bnsiness . is doing. .Prospects are improving. New Zealand good fair grade, on spot, £27 10s. per ton; .New Zealand fair grade, £26 10s.; fair current Manila, £27. January-March shipments—New Zealand good fair grade, £27; New Zealand fair grade, £26;. fair current Manila, £26 10s.; Manila output.' 24,000 bales. .'.'..- .The cocksfoot seed market'is quiet. . There is a. better demand: Average price for bright clean 171b. Now. Zealand seed, 71s. per cwt. •The wheat market is quiet, but firm. .There is a smallcupply of New Zealand, and holders aro firm. New Zealand long-berried wheat, on spot, ex granary, per quarter of 4961b., 395.; New Zealand short-berried, 38s. 6d. _ ■'.-:Oats.—The'-'market is firm, with an improved demand. New-' Zealand • oats . are Bcarce., New Zealand short oatß (Bparrowbills), ox granary, on spot, per quarter of 3841b., 205.-.td.: New Zealand oats, Danish, per quarter of 3201b., 17s. 3d. ■ The beans market is firm. Now Zealand beans, J.a-q., new crop; per. 5041b.. 39a. • .. • Tho, peas ./market remains firm .with a good demand. New Zealand peas,, partridge, per 6041b., EOs. . ■■■.■; ■.■■'"'.' -The hop market ib firm, owing to reduced supplies. Demand is expected to increase, and future prospects are good. <■ Recent New Zealand shipments depreciated by.' tight pressing. Realised, 1155.; English, 150 a.; California, 140s; The wool market is;,armor., '■'.' ■• ,', ;• ' . TBX FROZEN MEAT MARKET..'. .. '~ '•(By Telegraph.—Press Association.—Copyright.) •) London! November 21.'•; , The Frozen Meat Trade Association's Smithfield market quotations for the undermentioned. classes of frozen meat are based on actual salea of not less than one hundred carcasses of. mutton, or lamb or twenty-five quarters of beef of fair average quality. l The quotations are hot for selected lines, but for parcclß fairly representative of the' bulk of the. shipments now on ;thb market. The prices which follow are on an average a farthing per lb. more than the-value ex ship,; this difference representing an average cost in expenses, handling, conveyance,, and. selling the meat:— , . • V -';■ •; • f. ; ■,■■■'■ ' : Nov.M. N0v.21. mutton—. ;'"■■. d. . ,d.-'; '■■ 1 Canterbury, light 41.-. -4n Canterbury, medium : ....-43": ; 4j ...Canterbury, heavy' 1.:..: 41 5 ■■■ ' North. Island, best- ___.. —...."'. -r >;;■ North-151and,'0rdinary......;..'....! 4-3 5-16 .'■■' Australian, light .;;.;........ :.... .38.. , 35' - Australian; heavy .:.;......;•..:....... .'3l '. 3 7-16 : River Plato, light ............ :..» 33 . .-•: 33 Elver Plate, heavy .••■••"•■■ '35 '. ■ 38.Lamb*— '< : .'■ . Canterbury, '-• light ..-. ..4J. . 4}. :• .Canterbury,.medium■*....; 4J(. !■■ 315-16 -■■,■■'.. Canterbury, heavy 4J. 33 ■■;.- ■ 'Southland-: ......;...:.....:............. '4 -/■-. 4 . 'North, Island, solcctcd. ..; .... 4' ,4 - .'■ . North Island; ordinary.--. ;... 33 33 ■Australian,: best ■..........: .' —.' '•■ .— ~ Australian, fair .' — '■—■■• . Australian,' inferior .'... ■—}■'■'• ■ — ■'.'■■■ Eiver Plate ...:.......-.........'-;. ■• — . ■; Beef— . ,;. -Now Zealand, ox fores ■'..' .1.-3' 1-16 -.3 ' . New Zealand, ox hinds .., 3j - - 3 5-16 . ..'Australian, ox'forc3 ;.........■....;..; .3, , . 3 Australian, ox hinds 3 6-16 ; 31 • '. '■ ' .Eiver Plate, ox fqren 3 , 3 ■' . Elver. Plate, ox hinds 3fl'.-..'. 3 '5-16 ' : -J '■'' ■' . "MINING ;; NEWS. V;/; ''.}., -, MINING. MAEKET;; r 'A fair busihess/was 'done.'yesterday. Grand :'"Junction shales were down to 385., and it is believed the market is being flooded with Bharos from ' London. ■: Waitangi shares • were. slightly, .firmer. Tho: sales made-yesterday l were, as 'under:— - '■ '■ '■'■'-,-''. ■-','' ' ■: Golden Belt, Is. (first call)., ': Saxon, Is.'3d. (third call). V- . - Waihi Grand, Junction, 38s.'6d. (first call); 38s. ;(third[ call). '■■.'• ■■''■•■ Waitangi, 3s. 4d. (first call); 3s. 4d. (third call). '■' Consolidated Goldflolds. 15s. 9d„ 16s. (third call). '''''.'' '[■ :,'\ ',-'.,.' (JDOTATIONS. ;.'.".' 1 . . The'.latest quotations, ; with last recorded sales, were as under:—- '- ; . ',-'-., Buyers. Sellers.. Sales.. >.. - . '. £ s.,d. : £s- d.' -£.s.,d. .Dominion'.' ......;....'.....;..'..-:'- —' '0 : J o;'4l ■• -—' f Golden 8e1t'...■..V..'..........'-'.' 0•1 ■ 0 '0 lkl 0 1 .o'. Kuranui ;... 0 0 6 :. 0. 0"B — . Kuranui Caledonian .... 0 10013 .' — ■'■ May Queen ......::•...•...•..;..;:' 0 ; .3 11 . 0"4 2.' - .: Maoriland.. .'... i......„;....... .0: 0'.7...;.. 0 : 0, 9 . -r-;, . Mountain' King ....: •0 1 3 ..— N.Z. Crown •'.. , ..'.-.-..'......;. v 0 ;5' 6 '<0 510 • •■— ■■- ! New Sylvia 05 0' 0:5.3 ..- ; Koyal Oak-.::........ 0 1,0.' -' •;-'■: Saxon 0;1 2 0- 1 ; 4; ,0.,1 3 Tairua Broken Hills ....;!.-■• 0. 14." - Tairua. Golden Hills ... 0 5 6 -..- :—■■■•■ '— ; Ta1i5man'.:.......'..:....'. 2. 8. 9 ?2. 9 .3.'. . - ,- . Tangiaro-".'.,...... .'...'.-.. 00 2. .—' '. — .'■ Waihi. .....•....,.'........ :.:9-15; 0 9.16,0 -, ■- -~ Waihi Consolidated 0.40. — ■ — ... Waihi Extended.........v..'0.4 l'O .4,.3 ■ -<- ' Waihi-Grand: Junction-117. 9 ' 118' ; 0 1.18 o'i Waitangi .-. ......'.:..'. .o<3'2 •■ 0- 3-6 --0 !3- 4 | V Consolidated'-. Goldflelds 016 0 016.3' 016 0 New Alpine ..'. '. ...:,0 33 . 0.-5. o".— .. Progress .....■.-0.12 0 r- ' ';• r- : Boss, Goldflelds .....'. o_lo .0 .0,10 9 - ■ , ":STOCK EXCHANGE. . '.'.'•.'' -. V v ' (By 'Tblegraph—Press Association.! -'- •, •Auckland, November 22. 'Business done ,at >this morning's call of the. Stock..Exchange' iuoluded:—. .- Kuranui Oaledoman, 15..2 d.. ■ 'lMonowai,.ls.,9d., Is. -7d. ■:/ '■'■■ Sylvia, ss. 2d. Waiotahi, 4a. lid.: . • .. .1 Watchman, 25.; Is. 10d._. 1 Consolidated [Goldflelds, 16s. .:. Golden Belt (paid),/Is. ■ , ■'•". .-', , Tairua Golden Hills. ss. Bd. to ss. 6d. r Waihi, £9 175., o :; : - . ' Waihi Extended, 4s. 2d. 4s- .... ■ '■Grand Junction, 385.-6 d., 385.-9 a. •• ''The foUowing saleßiWere reported at tne afternoon call:— , :■>. : ..';';- - , Victoria, 15.,2 d. ■■ _ ... - ■ Waiotahi, 4s. lid.. 4s. 10d. ■ 'Consolidated Goldflelds, 16s. .' Crown, ss. 6d. ■ '"■ ~.■ . . \ ■ Dominion, 3d.- ..',"■.. Golden Belt (con.), 71d. Maoriland, 9d.. _: : . ' . ~",■ :Tairua Broken Hills,"ls.'3d.. : 1 Taima Golden nill.v Ss. sd. j . ■■-. ' Talisman Consolidated,. 495. ... •■■. ■,<-• sWoilhi. 1975.. 6d. - ... . ' . 1 Waihi Extended, 43. 3d., ,4s. 2d. Waihi'Extended,. 4a. . , .. , Waihi Grand Junction, ,38s. 6d„ SBa.- 9d„ ■ , •Handsworth, 91d. ■/•■-..: Dunedin; November 22. ' iThe following, 'are the Stock Exchange quota. I : -'Btock'S!.-Aleximdra'-E^ka,-' r ßeljers' 1 buyers 3s. ;9d: Electric seUera I 4s. 3d.; Golden Bed, buyers 13s. 9d„. sellers Us. i' 9d.t Hartley and-ißiley, buyers. 14s. M... sellers . 17s.VKoputai, buycrs£l 35., sellers £17fl.:Manu.. ' herikia, buyers'9s., seUers 10s.; Molyneux Hy- , draullo buyers :35.; Paotolus, sellers Vs.; Else : and Shsne,-buyerfl.£l;l7B.;'.SaUor's Bend, buyers • 3 Mining stocks: Consolidated Goldfieldß, buyers ! 15s sellers 16s. 6d.; New' Sylvia, sellers -Ss. 2d.; Waitangi, seUers 3s'. 7d.; Talisman. Consolidated buvers £2 Bs. 9d., sellers_£2 ?s. 9d.; WftlM >x-. Sed. sellers 4s. 6d.; Waihi Grand, Junction. ■ buyers £1 $*■ V seUers £1; 19s.;' Hercules, hnvers Us.V sellcrß ■ Ms. 6d. . ■ ' Investinent stocks: National. Bank bnyers £5 ' 19s 6d.- National Insurance, buyers £1 7s. 6d sel ers £1 Bs.; Union Steam Shin, Co., buyers £1 ?»i M oolWa£l 14i;: Westport-Stockton, buyers I '6 2 , 3 ' 3d" sellers -95.; New Zealand. Coal buyerß 2s 3d!, bo! ers 2s. 7id.: New Zealand Drug Kselllrs A 7s. 3d;-; -MM'Zealand Paper Mills. ■' buyers £1 Ib.' 6d., sellers £1 2b. id., - Stock Exchange «ale: WaiW Junction. " 385,. 3d.' Sale reported: Koputai, «s. .. ...