COMMERCE AND MINING

New Zealand Times, Volume XLVI, Issue 10611, 9 June 1920, Page 10

COMMERCE AND MINING

WELLINGTON STOCK EXCHANGE. YESTERDAY’S QUOTATIONS.

Sale on 'Change, Huddart-Parkor £3 J2s od. •Cum. div. FOREIGN EXCHANGE KATES. & nstralian and N.Z. Cable Association. (Received Juno 8. 9.15 p.m.) LONDON. Juno t. Foreign exchange rates on London ere -noted , as follow: Paris. 50.60 francs to jil- Stockholm, 18.03 kroner: Christiania 21.65 kroner; Calcutta. 25id to the rupoe; Montreal. 4.33 dollars to £1; New York, 3.981 dollars. ■ WOOL SALES. ' t . 'Australian and N.Z. Gable Association (Received June 8, 9.13 p.m.) . ... LONDON, June 7. ■ At the wool sales merinos were unchanged. Good crossbred combings were, rery firm. Faulty soonreds were withdrawn. Low and crossbreds were oo•askmaUr dearer. Slipes ware not offered. New; Zealand "Koydon” clip nought 26d. ' • At Bradford salea were quiet, business kang confined to irpmediato requirements. THE HOME MARKETS • GOVERNMENT CABLES. • The Department of Agriculture has received the following cablegrams, dated 2nd and sth instants respectively, from the High Commissioner for New Zealand,'London': — THE WOOL SALES. “Thirteenth series Government wool sales commenced Monday afternoon, hair attendance buyers, but competition hesitatin&r (mutilated ■word); unsatistactory demand. It has bee:a decided to restrict length this series to fortnight. -Compared frith closing ■ rates - last series prices lower; . merinos 15 to 20 per cent.; fine crossbreds 10 per cent, to 15 per cent.; medium 5 Per cent; coarse not .represented. So , 150,000 bales shown.; wool available for series, 34,500 of which are New Zealand. Crossbreds selling slowly. Government limit is too high in many cases for New Zealand • crossbreds, and large proportion withdrawn, .as buyers can purchase similar description free Argentine at relatively lower prices. BETTER. "No change in price for Government butter. English butter plentiful, and celling steadily at average price of 2s 10jd per lb. Irish supplies increasing, and demand is good; creamery. £l4. XU 18s 8d per cwt. CHEESE. "Supplies increasing, with fair inquiry for English at Is 7d. Is 9d. Cana tlian market is easier; current quotations c.i.f. .£3 Is, £8 3s, but price is considered too high by trade for large buying. New Zealand stock June 4th, EOB3 crates, as against -43,126 at this time last-year. HONEY. "Demand is improving. Prices firmer mt this week’s public sale. New Zealand sold 'B’ grade 95s per cwt, C grade 655. HEMP. “Manila market dull and declining. j y grade, February-April to April-Jnne shipments, now quoted at £6l; July-ScP-tember shipment sold £64 ss. New: Zealand market very dull. No change in prices except > Highpoints, spot, now quoted at £58.” FRUIT AND VEGETABLES WELLINGTON MARKETS. Supplies of fruits available in the focal market continue moderate, and all choice lines are meeting with a good demand. Poorman (marmalade) oranges should soon be coming forward from the Auckland district, andfa good demand inay ho anticipated for early consignments. Choice dessert pears are scarce and selling well, and an improved demand is also being experienced for best varieties of dessert applee. Fresh shipments of Island oranges and bananas are expected on or about the 21st Apples, choice dessert 9s to 10s 6d case, prime 7s Gd to 8s 6d, cookers 5s €d (o Cs 9d ■ pears, choice dessert 10s to 12s €d case, prime 8s to 9s 6d, stewing 7s to 8s; quinces, choice, 9s to 10s case, good 7s 6d fo 8s 6d; tomatoes, choice 12s 6d to 15s half-case, prime 9s to lls 6d, medium Inferior 5s to 6s 6d; passions, Aucklandgrown, choice 8s to 9s 6d half-case, prime Bs 6d to 7s 6d; Cap© gooseberries, 6» Gd lo 8s half-case; grapes, choice 3s to 3s t)d lb. prime 2s Sd to 2s 9d; walnuts. Is to Is 2d lb: chestnuts, 4-id: lemons. Californian 45s to* 47» case; Island oranges 16s to 19s case; pines, 20s to 21s taSC ‘ POTATOES AND ONIONS. The market for potatoes is without alteration. Although ’ the wet weather, which has recently been experienced in the Canterbury district, has had the effect of delaying digging operations, and thus to a certain extent restioting the volume of consignments coming forward from the south, the local market is well supplied, and values remain as. last quoted. Supplies of onions offering are sufficient for current requirements, and values are without alteration. • Potatoes, prime Canterbury £8 10s to M 15s, pood £7 15s to £Bl 5b per ton: onions, choice sound £\% 10s to «£l3 Fui ton, good £ll 15s to £l2 ss. OTHER VEGETABLES. In view of the fact that vegetable* generally are In short supply, a good demand is being experienced, and prices obtainable for most lines should prove latiafactory to growers. Beet, 5s 6d to 6s Cd sack, cabbage*.

choice 9s 6d to 10s 6d sack, prime 8s to Os, medium' 6s to 7s 6d; cauliflowers, choice 20s to 25s sack, prime 17s 6d to 20s, medium to good 12s 6cl to 15s; parsnips, 7s 6d to 10s Gd; turnips, 3s to Is Bd sack; piemelons, 7s to 9s &1 sack; pumpkins, choice 8s to 9s, good 6s to 7s 6d; lettuce, choice 9s to 10s 6d case; spinach. 5s to 6a case; swedes, 4s to 5s 6d sack; carrots, choice 6s 6d to 7s Cd sack, good 5s to 6s; marrows, 3s to 4s-sack: leeks. Is 3d to Is 6d per bundle: celery, Is 6d to Is 9d bundle. EGGS. In good demand. I'rosh are worth 3s 7d to Ss 9d for best brands; preserved, 2s 7d Ito 2s 9d 'per dozen. - WHOLESALE PRODUCE PRICES. Laerr and Co., Ltd., Allen street, report wholesale prices as follow : —Feed barley. 9s 3d sacks in; oats, seed Algerians. 6s Sd per bushel; oets, A grade Gartons, 6s 9d per bushel, .11 grade Gartons 6s 8d per bushel; chafl, oaten sheaf, good bright, > Xl3 12s 6d ton, sacks in, J 612 12s 6d sacks returned free on trucks or f.d.b. Wellington; farro.food, 2611 Ass per ton; flour, in sacks, Jll9 os per ton; oatmeal, 25’s, .£36. to . -£39, per ton; hay clover. 4110 Ids per ton; lucerne*, All 10s per ton; potatoes. table (Canterbury), X 8 10s per ton, sacks intruded; onions, Canterbury, choice- 13s per cwt; fowls, hens 6s 6d to 9s pair, choice young roosters 7a to lls pair; ducks. Runners, 9s to 10s 6<l pair, white ducks 10s 6d to 13s pair; geese, 15s pair: turkeys. Is 6d to Is 7d per lb. dead weight i butter, farmer, separator, milled or dairy, in bulk or lb pats Is 5d to is 54d lb; eggs, fresh crates Ss 8d to 3s 9d doz., preserved 2s 8d to Ss 9d per doz; dressed pork, choice 7<rs to 90’s KHd.to. lid. 100’s to 110’s. lOd. choppers 6d to 7d per,lb ; cheese, factory medium, case lots, iljd; loaf cheese, Is Id lb; oyster shell grit, AT 15s; mangolds, 42s 6d per ton. CANTERBURY, MARKETS. PER- PRESS A.iSOCIA.TXOJJ. CHRISTCHUIiCH, June 8. Oats are Held firmly, and farmers show no disposition to sell under the rates ruling for some tlmo past* Auckland has much forward business to cover, and apparently northern merchants have been marking time awaiting a weakening of the sellers. The-latter do not appear to be materialising, and probably towards the end of the month there will be a movement”from the north to meet immediate deliveries.

Chaff is firmly held, and the shipping available is clearing up the merchants' holdings rather than stimulating the market.

, Potatoes are. about on a par with last week, being scarcely so firm if anything A good deal of pitting is going on. Auckland reports ample supplies last week, and also that .some signs of blight hud shown themselves in southern potatoes, a tact which would probably prevent the Australian embargo being lifted. Merchants hero think that if such is the ease It is rjegligabte, if at all, as the crops are exceptionally clean this year. WELLINGTON CUSTOMS. The Customs revenue received at Wellington yesterday totalled £11,897 8s Bd. . •

Buyer*. Sellers. £ B. d. Ji ' 6. a. Mining— 2 2 0 Wi;r L-wns — Inscribed Stock and \\ ar * Bonds (1939 and 1938; 96 o 0 P.0. Inscribed Stock 98 0 ““ Investments — — 6 lo Bk of N.Z. (old issue) 24 la Bk. of X.Z. (now issue) Union Bank 13 11 0 Abraham and Williams o 10 Goldsbrough. Mort. ... — 0 Suitable Building ... 9 10 14 0 Metropolitan Perm. ... 6 National Mortgage ... . Wellington Investment 0 iu — Wn Trust and 'Loan G 6 — Wellington Gas 10 8 Wellington Gas (pref.) O 16 Sth. Brit. Insurance Co y rJ 3 ~n* - Standard Insurance ... — 6 is r .Z. Refrigerating (10s) 1 5 Wn. Meat Export (d>5) — Wn. Meat iispl- (^3 14 13 12s 6d) Huddart-Parker (ord.) 2 13 6 6 Union Steam (pref.) — — 1 1 0 P. and O. (dofrd. stock — 483 Hikurangi Coal 0 17 12 17 0 6 Westport Coal D Ley land O’Brien Tim1 12 6 Kelburn Tram (pref.) N’.Z. Paper Mills i 1 6 1 15 6 parenga Oils (os pd.) 0 8 - 0 W.F.C.A. (JE5) 6 o Wilson’s Cement Scoullar Co 1 10 0