COMMERCE AND MINING

New Zealand Times, Volume XLVI, Issue 10606, 3 June 1920, Page 10

COMMERCE AND MINING

<j>THE SHARD MARKET. I'Eil ITIESS ASSOCIATION. A Ucn.LAX U, June 2. Salts reported :—ilauk Now Zealand, £23 Us; tluddart-Piuker, 52s tid; X>aroli g.i IJ;,i, l.is del; i'areaga Uii i f ;oa [ls 6d; \‘> aihi Extended. -11 s 3:1. CHiUSiH HUF.GH, Juno 2. Sale reported Wellington Gao, £lO ii„. LONDON QUOTATIONS. iustruliau and X.Z. Cable Association iLeifived June 2. 11.20 p.m.) LOXD'IX, June 1. Waihi shares, buyers 86s 3d; sellers dj. V. and 0. (deferred), buyers. <£UO; Veliera Jil-Gu. ■ MOV XT I.YELL COMHAXY, LTD. I'iMgrers repoit ;-jr fortnight ended Mar iiMi. UGO :•—Mount Lyeil Mine: Xo. t, N'vll. iii.iin;; of engine chamber at engine winze all piigiir-s. iNo. » level, '■ngiu.r winze to J-’a in bard pyrites. -. Xcriii .Manat Lvvll -Mine; Soffit level. ,-ortU drive to "mift through schist. I’-M'i level, Xo. 2 north drive to 650 H through quartzite mineralised with eupp r pyrites. Deduction Works : t One furnace in blast during fortnight. 23-59 tons of blister copper consigned to ro(iuery for the current year. LOXDOX WOOL SALES. AushviMic end v.Z. Cable Association. (Received June 2, 11.20 p.m.) LOXDOX, Juno 1. At tho wool sales there was a large ohering of merinos catalogued, but twothirds ’ v.ero wuhnrawn. Prices were the same as on the o coning day. A " fai- selection of crossbreds was offered, but low jmces led to heavy withdrawals. The Tanners’ Co-operative Wholesale Federation forward the following“ London advises wool sales opened Juno Ist. Competition poor; withdrawals heavy. Merino, as compared with pievTons closir.g price, 20 to 25 per cent. lower; lino crossbred 15 per cent.: medium crossbred 10 per cent; coarsa neglected.’ A SUBSTAXTIAL DECLINE. Tho ixow Zealand Loan and Mercantile. -Agency Company, Limited, have re-Cc-:ved tb.9 % cab/itgraQi from tneir London nouss under date May 31st, 190;—London wool sales: As compared with last sales’ closing rat.s merino is . lower by about 15 per cent, to 20 per tent. ; hue crossbred is lower by about 10 per cent to 15 per cent.; and medium crossbred is about the same. Coarse crossbred has not been offered. Messrs Murray, iiobtris and Company, Ltd., have received the following cablegram from their London friends, Messrs Sanderson, Murray and Co., as under, dated May 81st. 1820“ Crossbred fine declined iO per cent, to 15 per cent. ; cressbitd medium declined 7 1 per cent.; crossbred coarse, poor selection offered, not sufficient to test market/’ Messrs Abraham and Williams advise:—“We have received cabled advice from our London office that the market shows still further decline.. Merinos 20 per cent., fine crossbred 15 per cent., medium crossbred 5 per cent.” Messrs Dalgety and Company, Limited, report having received the following cablegram from their London office, dated MaJ 31 St, 1920; —“Wool sales opened. The number of buyers is up to the average and competition is poor and the selection good. As compared with last sales’ closing rates, merino wools of good quality are 20 per cent, lower, merino wools, medium sorts, 15 per cent, lower; merino wools, faulty, 15 per cent, lower. Crossbred wools fine quality 10 per cent, to 15 per cent, lower. Crossbred wools medium quality, 5 per cent, lower. Crossbred wools, coarse, rather lower. -Slipe wools, crossbred. It) per cent, to 13 per cent, lower, difficult to quote in consequence of large withdrawals.” HEMP AND TOM”. The Director General, Agricultural, Industries and Commerce, Wellington, forwards the 'following return, showing tho quantiles of hemp and tow graded at the ports of the Dominion during May lump.—The total number of bales graded was 8294, as compared with 6558 tor the corresponding month last year, an. increase of 1733 bales. Por the 12 months ended Mar 31st, 1920, the number of bales graded was 92,820, as compared with 119,158 for the previous 12 months, a decrease of 23,333 bales. Tow). —Duffing the month 1587 bales were graded, as compared with 1243 for the corresponding month last ’ year, an increase of 339 hales. For the twelve months ended May 31st, 1920, the number of bales graded was 20,105, as compared 'with 18.493 for tho previous twelve months, an increase of 1613 bales. WHOLESALE PRODUCE PRICES. Laerv and Co., Ltd., Allen street, report wholesale prices as follow:—Oats, seed Algerians, Os 8d par bushel; oats, A grade Gartens, Os 9d per bushel, B grade Cartons 6s Bcl per bushel; chaff; oaten sheaf, good bright, £l3 12s 6d ton, sacks in, £l3 12s 6d sacks returned free on trucks or f.o.b. AVellington; farro food. £ll 15s per ton; Sour, in sacks, £l9 5s per ton; oatmeal, 25's, .£36 to £-10 per ton; hay clover, £l9 10s per ton; lucerne, £ll 10s per ton; potatoes, table (Canterbury), .£8 15s per ton, sacks included; onions, Canterbury, choice _ 13a per cwt; fowls, bens Gs to 7s pair, caobc young rooster* 7s to lls pair; ducks. Runners, 9s to 0s 6d pair, while ducks 10s fid to 13s pair; geese. 15s pair; turkeys. Is Cd to Is 7d per lb. dead weight; butter, farmers' separator, milled or dairy, in bulk Is 3d to la old per lb; eggs, fresh crates Ss 6d to 3s ad doz., preserved 2s 8U per ■ Inrun: dressed pork, choice 70’s to 90'a lid, 100's to 110’s 10id tb 11 per lb; choppers, Cd to 7d; cheese, factory medium case lots loaf cheese Is Id per lb; oyster shell grit, £7 15s; mangols. 12s 6d per ton. • ADDINGTON STOCK SALES. ran ri;ESs association. CHRISTCHURCH. June 2. At the Addington market there was ’a larger yarding of sacep and iambs of all classes, and a smaller one of cattle. Prime mutton maintained its value, and beef showed an advance, while store sheep values showed an casing. Store bidding was slack, especially for inferior ewes, and prices generally were lower. Forward lambs realised 19s 6d to 23s Gd. ordinary lambs 14s 9d to 18s 3d, cull lambs lls 8d to 13s, ewe iambs' 17s Id to 233 -Id, 2,4, 6, and 8-tooth ewes 21s to 39s Cd. inferior 2, 4. 6. and 8tooth ewes 15s Cd to 18a 3d, good 4, 6. and 8-itooth wethers 2Cs 8d to’3os Id, inferior 4,6, and 3-tooth wethers 22s Cd to 245. Fat Limbs—There was a yarding of 2050 compared with 2400 last week. There was little demand for unfinished stuff: but prime lambs were in good demand, although values were easier than at tho previous tale. Extra prime lambs brought to 40s, prime 27s to 325, medium 24s 9d to 26s 'Jd, light and inferior 19s lOd to 23s lOd. Fat Slice p—Considerably more sheep were forward, the entry comprising eleven races, as against seven a week ago. Quality was well up to _ tho average of recent sales, and competition was fairly spirited both from exporters and loca’l traders, and prices were a trifle firmer than a week ago. Extra prime wethers brought from 47s 6d to 54s 7d, prime wethers 39s Gd to 4Gs 9d, medium wethers 35s to 395, lighter wethers 3tb 9d. to 31s 9d, extra, prime ewes to 52s 9d, prime ewes Sis 9d to 37« Cd. lighter ewes 22s Cd to 30s Cd. Fat Cattle —Owing to the short yarding the rates showed a considerable advance on last week. Extra prime steers

brought up to X3O 10s, prime steers £l9 64 to J 726 12s-6d. -medium steers .£ls 10s to wSIB 12s Cd, lighter steers £9 17s Cd to £ 15. prime heifers Alt to -918 ss, ordinary heifers J3lO to .£l3, extra prime cows E3l 16s, priine cows El 3 15s to £ls 17s 6d, ordinary cows £9 to £l3 10s. Vealers—Runners to £3* good vealers £i 10s to £6, medium vealers 38s to A 3 ss, small calves 9s to 32s Cd. Store Cattle—Oinly good quality sti ff was in demand; 18-month-old steers sold up to £i 3s, bulla £0 to ERV dry cows £3 10a to .£6, spring calvers £7. Dairy Cattle —Springing heifers up to ,£lB. second and third calvers to £lB ss, inferior and backward 'cows £G to £lO. Fat Pigs—Choppers £7 to £9 10s, light baconers £5 15s to £6 10s. heavy baconers £7 to £7 15s, extra heavy baconers £8 to £8 Bs, average price per lb lOd. Light porkers £3 15s to £4 10s, heavy porkers £4 15s to £5 10s. Average price per H> Hid to Is. SALE! AT OTAKI. Messrs Dalgety and Company, Limited, report having held their Otaki sale on May 26th, when they offered a heavy yarding of sheep and a medium entry ot cattle. The quality of tho yarding of sbeep was considerably'above the aver-, age, and as a result excellent competition took place for all lines offered and very satisfactory sale resulted. Cattle were again neglected, and were hard to effect. The principal business done was as follow: —Medium mixed sex shorn lambs 14s 6d to 15s 2d. good mixed sex shorn lambs 18s 6d to 18s !)d, forward 2tooth ewes and wethers 30s 3d. 4 and 6tooth ewes 29s 6d, lightweight fat ewes 28s 9d. lightweight fat wethers 32s 9d to 335. Cattle : Lightweight fat cows £9 ICs lOd to £lO 10s, forward, store cows £6 lls. The tender of Messrs R. W. Cameron and Co. for the supply ot 1850 tons of American rails, with necessary fishplates and bolts, at a landed cost, including duty of £55,266, has been accepted by tho Christchurch Tramways Board. Shipment is expected early in 1921. The rails are of American manufacture. Difficulty -was experienced in getting quotations for British • rails, and ultimately one was received, but it was £20,000 in excess of tbe Amerean tender, which is loaded with a preferential duty of 20 per cent.

WELLINGTON CUSTOMS. TUo Customs revenue received at Weilington yesterday totalled XU,233 06 7d.