COMMERCE AND MINING

New Zealand Times, Volume XLVI, Issue 10608, 5 June 1920, Page 12

COMMERCE AND MINING

WELLIXG.TOX STOCK EXCHANGE.

YESTERDAY'S QUOTATIONS. ...

MCTAL MARKET. Australian and N.Z. Cable Association.' (.Received June 4. H-5 p.m.) LONDON, Juno 3. Copper—On spot, £92 13s %d; forward delivery, £M 7s 6d. . „«„»-"* « Electrolytic Copper—On spot, £106; forward delivery, £llO. Lead—On sppt, £37; forward delivery, 1 £3B ' " Spelter-On spot, £4l 15s; forward do-' livery. -&I3 15s , ~ Tin—On spot, £264; forward delivery, £271 10s. • . .. Silver, 56-fd per ounce standard. INDIAN ■WHEAT. HARVEST. Australian and N.Z. Cable Association - SIMLA,, Juno 3. Tlie Indian wheat harvest is estimated »t 10,095. tons, which is 34 per / cent. above that of the previous year. LONDON WOOL SALES. Messrs Levin and Co., Ltd., have received the following cable from London, dated Juno Ist, IKO:—"As compared with last season's cloainß rate* merino ' wools of good quality are 20, per cent lower, fine crossbreds detained 12J per cent., medium crossbreds 5 'pory.cent. cheaper,' - 'coarse crcesbrteds practically aone offering, scoured, and slips wools 12j per cent, cheaper." ■ . - v.. . The Bank of New Zealand has .received :ho following advice from its London office under date June Ist -.—The sales hare opened with moderate competition asd fair attendance of buyers. ' Com. pared-with the close of last series, prices ' have fallen 20 per cent, for superior merino, 10 to 15 per cent, for inferior merino, 10 to 15 per cent, for fine crossbreds, while medium wools show a deeline of about 5 per cent. . Coarse crossbreds are not represented. TILE TALLOW MARKET. The New Zealand Loan and Mercantile Agency Company, Limited, have received the following cablegram from theirf London house under date Juno 2nd, 1920:—Tallow. —We quote present ' epot values for the following descriptions oi tallow:—Fine mutton £1 fis 6d per cwt, good beef £4 4s 6d per cwt, mixed £4 per cwt. Small demand. likely to go lower. , SOUTHERN PRODUCE MAIIKETS. ; PEE PBESS ASSOCIATION. ' ■*■'•.'. CHBISTCHUKCH, June>4^. Most of this year's wheat crop is marketed, and very little fresh business has been transacted this week. Deliveries have been delayed on account of tho shortage of trucks, and lines are now steadily coming into the stores. Generally speaking, samples are well up to the quality oi autumn deliveries, but in some inttances the wheat has been affected by tha weather. A fair amount of oats has exchanged hands during the week, pricca remaining, on the same level as previous quotations. The trading has, however, teen mostly . among merchants, and farmers are not cfiering supplies. Tho opinion amonu local merchants is that prices are too high to allow of trade to any extent being done with Australia. . " Business in chaff has been quiet. There, are large quantities of chaff, which have bt-en sold; still in the country awaiting delivery, but iw there is now a better supply of railway trucks consignments are steadily coming into the stores. The lack of coastal shipping still continues to -• delay tho completion of transactions with the North Island. Owing to the wWfc weather having defayed digging there ha 3 not been much business effected- in potatoes this week, • and there has been practically no shipping to the Norjth Island. Tho ruling tafco remains at £4 per ton at country stations, but a few lines have been purchased at £3 15s. Onions are freely purchasable at country stations at from £6 to £6 10s for ton. It is reported that this year's tro P. generally speaking, is not keeiping sound, and, except Tor odd lineß, merchants are not inclined to buy for export business. A cablegrani received irqtn Sydney stated that tho onions shipped to. Sydney on tho Tarawera wero landed in good condition and sold at '£l3 to £l-1 .per ton. It i= considered locally that the price quoted for does not leave i:>y margin for profit. WHOLESALE PEODUCE PRICES.' i.aerv and Co., Ltd.. AllSn street, report wholesale prices as follow:—Oata. seed Algerians, 6s 8d per bushel; oats, A grade Cartons, 6a 9d per bushel. B grade Cartons Gs 8d per bushel; chafl, oaten sheaf;' good bnght, £l3 12s 6d con, sack.-; in. £l2 12a 6d sacks returned free on trucks or f.o.b. Wellington; .'arro food, £ll lis. per ton; flour, in sacks, X\<i 5s per ton; oatmeal, 25's, £36 to £39 per ton; hay clover, £lO 10s per ton; lucerne, £ll lfe p er " ton; potatoes, table (Canterbury) £3 13s per ton, sacks included; onions, Canterbury, choice 13» per cwt; fowls. hens Gs to 7s pair_ choho young rooster* is to lis pair; ducks, Runners, 9 a to 0s 6d pair, whito ducks 10s 6d to 13s pair: .scene. 15s Pair; turkeys, la 6d to Is 7d i>cr lb. dead weighti butter, farmeri* tcparator, milled or dairy, i tt bulk Is 5d to Is aid per lb; eggs, fresh crates B=l Cd to 3s »cl doz.. preserved 2s 8d per J .ltd. Id's to 110 - s IOJd to lid per lb; chopper*. Ofl to 7d; cheese, factory medium ca=c lots lljd, loaf cheese Is, Id

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