COMMERCE AND MINING

New Zealand Times, Volume XLVI, Issue 10617, 16 June 1920, Page 10

COMMERCE AND MINING

WELLINGTON STOCK EXCHANGE. I _____ j YESTERDAY'S QUOTATIONS. {

LONDON QUOTATIONS. Australian and N.Z. Cable Association (Received June 15, 7.45 p m.) LONDON, Juno 14. Talisman shares, 7s 6d. LONDON WOOL SALES LOWER PRICES RULING. ■fin following telegram, dated June 12th, 1920, from the Director of Raw Materials, has been received by the partment of Imperial Government Supplies: —"London sales closed June 12th with weak to no. During the auction soma 91,600 bales have been offered, of •which about 49,000 have been sold. As compared with London April-May final rates wo quote: —Merinos, 25 per cent, lower; fine crossbreds, 15 per cent, lower; medium crossbreds, 7J per cent, lower; coarse crossbreds, nominaUy, 15 per cent. lower; fine crossbreds, scoureds and slipes, 15 per cent.; coarse scoureds and elipes, nominally, 20 per cent, lower. Demand for coarse crossbred, greaser, scoureds and slipea was very limited, and exceptionally large quantities of them were withdrawn." Messrs Levin and C 0. ,, Ltd., hate received the following cable from London, dated June 12th, 1920:—"As compared wm. tile opening- sales the March dos- I (ng sales show merinos 5 per cent, lower, nno crossbreds and medium crossbreds 2i per cent, cheaper, scanted and slipe wools 3J per cent, lower." THE HOME MARKETS OFFICIAL CABLEGRAM. The Department of Agriculture las re_ nelred tho following cablegram, dated 12th instant, from the High Commissioner for Ne r Zealand, London; — .... . BUTTER. Average price English butter is unchanged at XIG 2s and tendency firmer. Irish is in small supply and price firmer; creamery,. Jill 9s to Xl4 18a Bd. CHEESE. Demand for Elnglish cheese is good, and plenty offering. Finest Cheddar, AS ’2s to .£9 6s. Canadian spot, X 3 10s and under; quotations, c.i.f., X 7 18s. Make is reported to be large, and export is in-s creasing. HEMP. Manila market is dull and dropping. *J” grade, February-April to April-June jlipments quoted at X 59 sellers: JulyBeptember shipment sold X 62 10s early this week,- but later down to X6O. Output January Ist to May 31st, _ 526,000 bales, against 450,000 same ■ period _ last year. Shipments to England, 247,000, against 106.000. New Zealand market is dull and depressed. Present quotations are:—Spot, Highpoints, XSB; fair,_ X 56; Starch-May shipment, X 54 and X 52 respectively sellers. WOOL; Wool sales lave closed. Attendance has been good throughout, but demand poor, and large proportion withdrawn. - Merinos have declined 25.. per. cent, crossbreds fine sold at reduction of 13 per cent, medium 5 per cent to 10 per cent.; coarse offerings small, and withdrawn at a decline of nominally 10 ;tr rent. Average current values New Zealand crossbreds, fine 2s 4d to 3s; medium, is lOd to 2s 4d; coarse. Is 4d to Is 8d nominal. Feeling here is that owing to exceptionally, large quantities markeited during the Hast six months, trade needed breathing space. SUPPLY OF FOWL WHEAT. Fha question of the distribution of she supply of fowl wheat was placed hofore the Minister for Agriculture (the Hon. W. Nosworthy) by a deputation from the Taranaki Egg Circle. Tho Minister said that there was only a limited iupply in the Dominion, and it was controlled by the Wheat Control Board. Ho promised to go into the whole question when in Wellington. WHOLESALE PRODUCE PRICES. La'erv and Co., Ltd.. Allon street, report wholesale prices as follow ; —Feed barley, 9s per bushel, sacks in; feed peas. 10s bushel, sacks extra: Prussian biu-j was, ;4s per bushel, wicks extla; oats, feed, Algerians, 6s per bushel, sacks in, caia, leed Uaiuon.s, good 6s .d per bushel, sacks in; oats, A grade Gartons, 6s 9d per bushel, B grade Gartons Cs 8d per bushel, sacks in; chaff, oaten sheaf, good bright, .£l3 10s per ton, sacks in, Xl2 10s eacks returned free on trucks or f.o.b. Wellington; farro food. Xll 13s per ton; flour, in lacks, Xl9 15s per ton; oatmeal, 25’s, XS6 to X 39 . per ton; hay clover. £lO 10s per ton; lucerne. XU 10s per ton; potatoes, • table (Canterbury), white X 3 to X 8 ss, Red Dakotas X 8 5s to X 8 10s ton, sacks included; seed potatoes, Up-to-Dates, X 9 10s per ton; onions C.-nterbnry. choice 13s per cwt; fowls, hens 7s to 9s pair, choice young roosters fs to 11s pair; clucks. Runners, 10s to 10s 6d pair, white ducks 10s 6d to 13s pair; geese, 13s pair; turkeys, h 6d to Is 7d per lb, dead weight) butter, farmers' separa-tor. milled or dairy, in bulk or lb pats Is 5d to Is aid lb; eggs, fresh crates 8s 8d to 3s 9d doz., preserved 2s 8d to 2s 9d per doz; dressed pork, choice 70’s to 90’s lOd. 100’s to 110’s, 9d to 9id,- choppers 5d to 7d per lb; cheese, factory medium, case lots, 11 Jd; loaf cheese. Is Id lb; oyster shell grit, X 7 15s; mangolds, 42s Cd per ton. WELLINGTON CUSTOMS. The Customs revenue received at Wellington yesterday totalled £10,653 18s lid

Buyers. Sellers. A I. d. A a. Mining— 0 3 Srand Junction — 0 11 4 War Loans— Inscribed 5j cock (IWb) * 6 —. War Bonds (193B) 96 7 6 Investments— 6 14 isatioual Bank 6 U 0 Bk. S.’l. (old issue) ... Tik. N.Z. (new issue) 25 2 25 10 6 0 35 17 6 Abraham & M illiams 5 11 0 Ooidobrough llort. ... — \Vn. Investment 0 10 \¥n. Trust and Loan 6 7 6 Slh. Brit. Insurance... 10 0 0 Gear Meat * 1 18 0 — Wn. Meat Export _ 6 17 6 (Vtt Meat Export 4 14 0 (jS3 13s 6d) — Huddart-Parker (ora.) 2 13 0 2 14 P and 0. X)©f. Stock — 490 0 Kaiapoi VVoollen 10 1 0 — 1 13 iv^tport-Sbockton. 0 10.11 Wajpa Coal -— — 0 17. 0 Leyland-O’Brien P.I.O. (Ifts Pd.) — 1 12 0 16 0 — 1 2 6 N.Z. Paper Mills 1 14 9 — Wnirarapa Farmers’ 6 6 (XS) 0 — Woirarapa Farmers 1 0 0 — 6 Ward and Co. .... — 1 4 ffn. Oordago Wilson's Cement ...... 1 1 0 15 6 6 0 16 0