COMMERCIAL.

Dominion, Volume 1, Issue 306, 19 September 1908, Page 8

COMMERCIAL.

—4 THE SHARE MARKET. Investment shares were very quiet yesterday, and it would not be surprising, if this dullness continued until.after the close of the current month, when the bank balancing will be over. National Bank-shares were on sale at £5 Is. 6d.; Wellington Trust and Loan, sellers £7 7s. 6d.; National Mortgage, buyers, i£3; New Zoaland and River Plate, buyers 10s. 4d.; Feilding Gas, buyers 19s. Gd.; South British Insurance', sellers'''£2 155.; Wellington Meat ■ Export, £i paid, sellers £5, £2 12s. 6d. paid, / buyers £3; Manawatu Rails, sellers 14s. Gd.; ■ Union Steam,;buyers £1145.; 'Wellington- Wool-• . len, sellers .£3 Gs. Gd.; Westport-Stockton, sel-. ' lors 9s;;cd.; New Zealand Drugs, sellers £2 lis.; New Zoaland'Portland Cement, new-issue, sel- . lors 75..-prcinium-; Sharland's ordinary, sellers 19s. Gd.,, prefpronco, sellers 205.;. Ward and - Company Brewery shares,-buyers £i 15s. ; ... THE MINING'MARKET.' . < -' Talismans show .a slightly easier tendency, ■ and. sales wo made yesterday, at £2, and. ,£1 19s. 9d.' .Waihis sold at ,Is., r and . exhibit a .. ' firm -tone. -Tho quotations were-as under:—

The • Customs revenue collected ;nt .Wolling- ' ton yesterday amounted to £2063 Is. lid. WELLINGTON PRODUCE MARKET. . The N.Z.. Farmers' Co-operative Distributing . Company, Ltd., report; as -follows':—Maize, ss; ; , . rrheat, foivl, ss. ; barley,-.feed; '4s. 1 3d.; barley,; J. Cape seed, '43. Gd.; ; maize, crushed, ss. 4d.; ;:.;-oats,'3s. to oats) duns, 2s. 9d.; oats, discploured, 2s. od.j oats, crushed,' 3s. 4d.; oats, seed) duns, .sparrowbills, gartons, 3s. 3d.; -Algerians,.4s. 3d. to 4s. 4d. per bushel; ryegrass,' ' perennial,.ss. 6d. per busliel; hay, >£5 .10s..per; ■■ .ton; straw; £3 ss. to 10s. per ton; pollard, £S 10s.; bran, £7 .per .ton; sncrosine, JE7; 10s.' ... per-'ton;' linseed oil - cake (genuine), 15s.' per cwt.; prime 'oaten; sheaf, chaff, XS'.'to -10s. .•, per ton> seed potatoes, specially selected Canterbury Up-t6rDates, ■ d£B -10s.;..Canterbury Der- : ■' vfent's,' Victory,'.£s; Onions, L Molb'ourne, JCI3.- , £ Butter; separator' Is.,' "milled lid.,' dairy pats, lid. per • lb.; eggs,: fresh, is. per dozen; ''honey,' . 60's, 4id.; .bacon, .sides B£d:,- rolls Old., hams 9d. per lb.; porkers, 70's to 00's. 5Jd., 90's; to ,100's 5Jd.; baconers, 5d.; choppers (heavy, 3Jd. V ~to,'4d. per lb.'; beeswax, Is. Gd.; fungus, 4Jd.;;' . . walnuts; 4ld: to'3d..per lb. •/ _ ; , .-.- Cabbage," 2s. Gd. to 35.; cauliflower, J 3s.', 6d; ~ : to, 55.-per sack;; sv,'edes,;2s. per cwt.; green • peas, 2s. 3d. to 2s. 4d;'per.peck; carrots,;.table, .r 4s.'; carrots, liorse, 3s. per sack;'apples, dessert,. 9s. - 6d. to; 135.; apples, r cookers,' 10s. " Poultry—, •.•Table roosters,-4s. 6d.- to 55.; cockerels, 55.-to ■j . Gs.; table, hens, ; 4s.- Gd. ,to-55.'6d.; ducks.'.7s. 6d; to Bs.; geese, 7s. Gd. —all-nt per. pair. .Turkey: gobblers,, lid.,, hens,-iod.—live or dead •'.-.weight. HIDES, SKINS, ETC. 'Messrs. A. H. Atkinson and Co.', Ltd.',"re- -; -portOn Thursday wo held our monthly-salo' .- .'■and offered to a good attendance, of buyers 8' ; bales and 80 .bags .wool,- 1725 . skins, ■ 450...calf-skins,-290. hides; 50 tins and 2 cask's tallow; and. ~ .Tisnal sundries.-'' , Tho wool offered was prin- : cipally .crutchings; prices for-which were! on . a. par ..with last sale. Pleece. wool ' showed' an a.dvance- of' id. ;:to ■ Jd. per * lb;, .and • skins. ad-) ' vanced the same. Hides were on, a par with • last sale. We qnoto:— " •• "Wool—Fle'ete; 4jd; to old.; dead, 3|d. io 43d.| black, 3Jd.; biliies and 'pieces, 2Jd:; pieces) 3d) > . . ; crutchings, ; 2jd.-, 3d., 3Jd., 3Jd. -Skins—Fine;-wools,' Gd.;;.half to thrce:qi:after- . wools, coarse, • ild. to 5d.; shorts, 4d. ;'.-broken ;.. and "inferior, skins, 2d., 2}d.;'dead skins; 3Jd. to' • sd. ;..pblts, -3d.;,pelts, .broken, arid : ' : l '".'infteior,. id.; .'half-dry. and green , skins, rat '"'•''each',-".25;' : 4d..-,"25. 7d., 3s. sd), 3s. ..35).,10d., 45. : ; r 4s. 2d., fe od.) 4s. Bd., 4s. 9d., ss. 1d.,, ss. Gd. • '■••'■Hides.—Calf,' 'sound, 'GJd., GJd.;'. rough, 'sgd.;■ Wciit, 3|d. ,- slippy, 3Jd. and Id: each;;'yearlings, . uvs6nsd/-*id.;'-out,"'3d.slippy, 2fd.; - cow,:3jd., . SJd.., 4d.,, 4Jd.'," 4^d. ( 4}(L;- slippy, id. to 2|d.j' • cut, 2Sd. to :'2|d.; ox, 4Jd., 5(1., 5Jd.; bull,. 3d. : -Horse,, at ea?h,-; good 75.; cut,(2s.-. 6d..; rough, ! 1,25. 3d. . • --■~ ... ~ . -r. '■■ r -:.-f..-.: ' "IJallow.—Tins, 195.; casks, 225. J)d 7i .Tails, Horsehair, Is. ld/.per, lb')'.. | .•v' ; LIVE-STOCK SALES.. '. . ' .... The New Zealand Loan. and Mercantile " Agehcy ddmpany. Limited, report:—-At.Palmers- ■ ton Northroi Thursday; we had.'a heavy;yard- ' ing.'of;cattle,'and/a. medium 'entry..of sheep. Sheep sold freely, under the hammer at late ' rates. A' lino of ewes, and lambs made .lGs. Grown .bullocks.'warp' keenly competed for, 'and made good, values) Competition was not ■ bo keen for 2 and 21-year steers, but" younger cattle sold well. A good clearance was effected, only two pens of cattle being turned out un- • sold.' We quote:-rSheep: Ewes and lambs,'lGs.; hoggets (small), 75.: ewe hoggets, -lis. . Cattle: ■;'; -Yearling,heifers (small),- 175.; 18-months -heifers, 845.;, : 2J-year heifers, .£2 75.; ferward;cows, J3' . 10s.;"fat ! cows, 55.; springing cows, £5. 55.; cows in . calf, .£3 2s. 6d.;. forward r' cows, 'j£2. '10s. ■ to . ' 12s. Gd.; year--1 "ling" steers, J52 '3s. ;18 to 20-m'onths steers, ■■ £2 155.. Gd.- 'to Jti, ISs. Gd.; :2}-ycar; steers, £i 25.V64.; ,3-year steers, £b 3s. Gd.; 4-year ; bul- .- locks, £a 18s. Gd.; bulls, .£i ss.' ' ■The,. New' Zealand. Loan .and Mercantile' - 'Agency C 0.,». Ltd., Feilding,- report j—At Apiti ;■: on Tuesday, wo had a good yarding of ■ sheep, principally, hoggets, and a fair yarding of cattle. Sheep'were keenly competed for, and showed a; decided- advance on recent sales. Mixed hoggets, ■ 9s. Id., 10s., 10s. '2d;, to 10s. .'. 7d.; ewe hogget's, . 10s. 4d. to- 125.-7d.;-ewes, 1 .. 125.; 10d/to 135." 4d.; Lincoln ram,' 4J, guinoas; •; store cows; .i 20sl to'' 475. 6d.; heifers, 355. : 365; Gd.; -good heifers,- i£2 Gs.;' -'springing' - heifers; i 3 to £3 75.; springing cows, £i 13s.' Gd., ■■ £Ss ss„ .£6,2s'.'Gd., XB-Ss.- Gd. ■•• ■', At Feilding.on Friday v.-e-.ba'd a good yarding; . : . of; both ■ sheep and cattle. Buyers were pre- . sent, and a good, sale resulted, late prices be- : ing'.well maintained. We cleared everything, of- " fered, Hoggets made Gs., Bs. Od., 10s. 3d., 10s. 6d., 125., 135.; ; fat ewes, 12s. 3d. to 145.; . forward ewes, lis. 3d.';, forward w-etbers, 13s.' ' ' Bd.; small yearlings; 15s. 6dJ; 18-months heifers,: 295. 6d.; forward heifers, <£2 Gs. Gd.; heifers in calf,. £2 10s. j < springing | heifers, • <63- 17s. Gd.;; cows in calf, £2 155.; dairy cows, .£5; forward ' cows,. 30s. to,£2 25.; bulls, 10s. to 70s. • ' VMessrs-.-Dalgety-and Co., Ltd., report on their , Levin; salo as follows:—A good entry of- sheep,; . .consisting chiefly of hoggets, met a keen de- r .. mand, and ,wb. quote all lines 'at"'the following.' • : rates:—Fair mixed hoggcls, :from"'Bs., lid. . to', , 10s. lid.; others, 7s. Gd:.-to 9s; 2d;;. ..fat.bul-.' '.locks, .£9; steers, Jl4 ISs); sprining- coivi,' j£3 . ' ,10s'. to i£s 7s; Gd; ,- .' empty '. 'heifers, 375. ■ Gd* l /. , others, to 3-4s); old cowv ill.' , Messrs. Dalgoty and Co., Ltd., report that; . at their' Foilding. sale yestorday they had a . -small entry, of shfccp an.i ,a fair. yarding of. : cattle.,-Ewo 'hoggets .mado 1i5..;9d.-; -wether, hoggets, 103. - Od. ,* 15-months heifers; 28s. 'Gd.'; empty' cows, £2 Is.; , mixed yearlings, 355.; cull . .weaners, 115.;.-20-months steers, )£3 ' 3s. • •'" Mr. Newton King '.'supplies 'the following .weekly'auction report :— ' ,At Oakura, on Monday, there was-a good at- . tendance at Mi-. Stanhope's clearing salo. The ; .dairy cows, were well competed for, .and-.sold well, but the sheep met Avith little inquiry, and were passed in; Dairy cows close to-profit; made -J65 to £7 135.; stores, £2 2a. Gd. to £3>' " 55.; draught mare, £25; 2-year filly, 155.;. ; yearling d0.,--£G 15s. < .At Rahotu. on Tuesday, owing 'to the.heavy rain, all '.cattle advertised: did not come for-; ward. 12 .to 18-months heifers made 345.;' steer yearlings. 375.; springing he'fers, £i 25.: 6d. to -C 5 10s. 6d. , At Stony River, on Wednesday, the yards were very full, and there was a large attend- • ahcel. Bidding was brisk for: nearly; all classes,, ■ ;' ■ "-especially, for. young .-cattle -and springing heifers, which sold at improved rates.. A lino of 3. to. 4-year bullocks was passed , in. Mixed, • 'yearlings made 275. to 315.; heifers do.; 295, . ..to 305.; steer do., 355. to 40s. Gd.; 18-months' '-■heifers, £2; 4-year forward bullocks; £A 17s. 6d;; springing heifers, £A 7s. 6d. to £6; spring- ' '' ing cows, £i 12s. Gd. to ,£G; Jersey do., )£7 2s. - 'to £9 155.; fat cows, £4 18s. fM. to £5 95.; store do., 225. to 455.; fat wethers, 193.; mixed hoggets, ,Bs. lid. . At Waiwaikaiho, on Thursday, there was a bigger yarding and attendance than for some ' time past. There was good competition for, nearly all. classes, and nearly everything sold, at the hammer at improved price. Calves to yoarlings, mixed, made'lßs. to 245. Gd.; year-; ling steers, 345. to 395. Gd.; heifers, 255. 6d. to 315.; 18-months to 2-year steers. £2 IBs. to £3 45.; springing, heifers, .£3 7s. Gd. to £5 10s.; store cows, 255. to 455.; fat and forward do., £3 18s.; wethers, 12s. lid. ' THE METAL MARKETS. . London, September 17. Silver.^—Bar silver is quoted at .24Jd. per ounce standard. Lead. Sr. fd. per ton.

I EXCHANGE.—AN INTERNATIONAL PRO- |- • ' , POSAL. (bt telegraph—press association—coprnianT.) ' The Hague, September 17. Holland and Germany, at Italy's instance, are convening a fresh conference at The Hague to prepare'the draft of a universal treaty, embodying an international regulation relating to the validity and enforcement of bills of exchange. . ' . .. ; A COLONIAL COMPANY.. (bt tbleqeaph—pkess association—coptright.) London, Septomber 17. The Now Zealand and Australian Land Company has declared a dividend of 7 and a bonus of 5 per cent. There has been-placed to tho contingency fund .£BO,OOO, and to resorve •£80,009. . ' THE WHEAT MARKETS. (BT TELEGRAPH—PRESS ASSOCIATION—COPYRIGHT.) London, September 17. There have been sales of old Australian wheat nt 38s. 3d. to 385.. 6d. Fifteen thousand quarters of new crop (January-February shipment), •per sailer, realised 365. 9d. The American visible' supply is 33,231,000 bushels. " ' ' ' GRAIN AND PRODUCE. . "(BT- TELEGEArn—PEES3 ASSOCIATION,) Christchurch, September 18. The wheat market, is in much the same position, only small quantities offoring by growers, and-what little ischanging hands is still at 4s. at "country stations. A fairly largo quantity has been turned over out of store, as in tho face of tho market it was not deemed prudent to hold any longer, and .the stores will • soon • bo ;rerequired for the wool season. Chaff is easier. Potatoes are .rather firmer, as few growers are-.selling' at present.- - . .. .MINING NEWS. . MANAGERS'. REPORTS. :' Calls—The directors of the Ngatiawa Gold •Mining Company-have made a call (the -first) of one. penny,, per, share, payablo on "Wednesday, September; 23, .and tho directors of the Old. Alburnia have mado a call (No. 4) of twopenco per..'share, payablo on Monday, .October 5. , - ' . Old Kapanga.—The Old Kapanga pump continucs'to' hold"the .water at the 300 ft.° level. The manager: reports .'that' Martin Brothers, tributera, are againgetting picked stone. They hard about 30ft;"deeper to work before getting' out of their .block: : ' Senior, Bennett and party, tributors, : got a'rich stone or two occasionally. They will crush .shortly. ' The manager believes that all' the ■ ground' below the' 200 ft. level is intact' on Martin' Brothers' tributo run' of •old. ; -. " . .-• •• Old Hauraki.—ln the Old Hauraki mino No. .8 reef in the- drive south at No. 4 level 'averages 6in. - of.-what - the.manager, describes as-fine-looking',ore for gold. From tho second and third stopes-on No: 9 reef ljlb. of picked been secured., At the. 160 ft. level 'the; drive-west is'/in fine country, and on Friday last-the quart*'north of tho slide improved .. very "much,'boing- highly mineralised;. The'dip and-■ bearing : of this;-vein are,', the manager state's,- in ."the .'"righ'tdiirection. : Kirilriri.—The in the Kirikiri mine has been extendedduring tho past week, and the country ." 'continues of an excellent class, while the quartz ~on' the hangingwall looks well. A good deal'of water is now coming out'from the hangingwall, and the manager expects to:meet with solid quartz right;across the ' reef; The; country at the low levol is becoming;much;the samo in' appearance to that.which .encased the feef' at the' level above where'the winze was sunk on the good ore. . ','•' .- . Tairua Extended.—Tho manager of tho Tairua Extended, mino -, reports that the winzo is down 45ft., As the water has been very troublesome,-, he has stopped sinking, and will start a ■level,! which' will,; in about. 250 ft. of driving, cut (lie. reef at a depth of 150 ft. It is anticipated that tho'Golden. Hills reef-will alsp .be !cut in this, drive. ~ The prospecting tunnel is in 63ft., and. is still in')' splendid country. .Sovor'al seams of jasper have been passed through, varying from "lin. to several inches in width.' -Nice-looking mineral can be obtained from theso in the. dish,'but .no gold. Two samples from . the )or«v in- the ivinze paddook assayed 17s. 6d. and.22s. 6d. per ton. .; Tairua .Broken Hills—A nice-looking reef Ift. wide has been cut in the main low level on tho Tairua Broken,. Hills mine, but the manager states that' no gold was seen in it. The country is now-much easier. ■ The oro from the new reef south-prospects fairly well, and is being sent to tho; battery for treatment. In the north drivo No.' 1 reef at present is small, and the prospects very poor. The country in the face of the drive on No. 1 reef at the eastern level,-north from Seav'er's leader,crosscut, is much'easier, and tho roof is opening out. - Tho prospects, however, are very -poor. ' Since last clean-up 168' tons havo been treated.for 1290z. .amalgam. . r ' • ' .Tairua Triumph.—ln the Tairua Triumph mine work at the Bluff level is being continued, with two shifts of men, 10ft. having been; pcustrated for tho week, making the total distance from mouth to "tunnel ' 56ft.. Tho country' is much about tho same as was mot with 'last 1 week.'-' •• Another ' small stringer ' of quartz and;silica'-was passed through, and it carried very good mineral indications, but no visible gold was detected in the dish. Two men are engaged cutting props,, sleepers, etc., and as soon; as this, work is completed a star! will again be -made on. tho surface tramline. The,manager, is doing a little prospecting on the southern end of the property, with encouragin" results; • ; Tairua Conqueror.-The crosscut in the Tairua- Conqueror mine has been extended lift., making a total of 126 ft.' The present face is of a mora compact and solid nature, and is intersected with occasional quartz veins. For tho purpose of ascertaining tho underlie and strike of No 1 reef, tho prospecting tunnol has been oxtended : a further 12ft. This level gives 30i't. of vertical backs, and tho country passed jhrough is an excellent class of sandstone, llio reef has not been intersected yet, but from the .underlie, of the country heads the manager considers that it will be found'to undorlw to tlie west a great deal more than at-hrst expected, and consequently he does not expeot-to-cut'No. l reef in the main crosscut until 150 ft. in;reached. _ ICuranui,-The average width of the leader in tho Kuranui mine at tho intermediate level east is 3Jin. Crossheads, heavily mineralised "ave been intersected, and also a small quartz stringer, which is now on tho hangings-all side of tho drive), The manager states that tho country has altered somewhat during the last few feet. of : driving. A blue, - kindly- andesite has takem the place of the brown andesite, and is full of pyrites.-The manager considers -that the indications nrß encouraging • } n N0 ','.. 1 stopo east 12ft. of the leader has .been stripped ,and broken down. Though no picked' stone was secured, gold was obtained in the'dish. The lender is aboiif 4in. wide, and •gives:;;favourable:.-indications. The Just-in--Time-leader .has",been broken down 'for 16ft., and . the. ore paddocked. Tho old crosscut at tho' intermediate level has boon cleaned out' to tho face.-, Tliero are tiro small leaders that may.be worked-at any time. This-being virgin country, ,the manager considers it worth working. Inrdriving this old crosscut two leaders, .have, been , cut and driven on for. a few- feet and left. 'Rising Sun —Resolutions passed by the Rising Sun Gold Mining-Company on September 8, to transfer the' business of the company and go into liquidation;-will come up for confirmation at an extraordinary general meeting, to be held on October'l. The proposal is to transfer to a new company with a nominal capital of .£18,000,-in 120,000,35. shares, to be allotted pro rata 1 to shareholders on the register of the present company,.on tho date of registration of .the new company.. - Pnru Big Reefs.—A company is being formed, under the title of the Puru Big Reefs Gold Mining ■ Company, to take over the' Puru and' Big Reefs claims, situated in th« Puru Creek, Thames district. 'There is an area of 141 acres. It is- intended to register the company with O nominal ; capital of £15,000, divided into 120,000 shares of 2s. 6d. each. Of these it is proposed to hold 20,000 in reserve, and offer .75,000 to the public at ,£l2 10s. per 1000, the vendors to receive 25,000 paid up to 6d., and «£2OO cash. ;Tho vendors will pay all flotation and formation expenses. the past week No. 1 level crosscut. in the Karangahaka mine has been extended an additional 10ft. Tho conntry in the..face at .the present time is composed of -a good class of andesite, well mineralised, and of a good description for gold. At this lovel the Magazine reef may come to hand nt any time; and should it bo met with in the samo clnss of • country as is showing in the face at tho present time it will probably prove to be carrying good values. At the Kaukani low level the contractors , have driven 30ft. during, the last fortnight, making the total distance of the level 175 ft. The country they are pa'sing through is fair working ground, nnd of a good description for gold. WAITTT GOLD MINING COMPANY. A FRESH RECORD. ' (HT TELEGRAPH—PRESS ASSOCIATION.) Auckland, September 18. During the four weeks ending September 5 last the Waihi Gold Mining. Company crashed

and treated 31,904 tons of ore for a return of J272,804. This constitutes n fresh record, oxceding the previous highest monthly output (that of the period ending March 21 last, when 31,336 tons yield-in ,£71,850) by iEJa-t. Tho return for the month ended August 10 last was ■£71,517 from 31,185 tons, and that for the four weeks ending September 7 last year was £70,156 from 27,759 tons. The total output from the mine for the present year is ,£628,015, and the total to date is X 6,918,120. Dunedin, September 18. Dredging returns:—Mystery Fiat, 50oz. 2dwt. ; Waikaia, 430z. 7dwt.; Koputai, 28oz. 15dwt.; Masterton, 270z. 3dwt.; Central Charlton, 19oz. sdwt.; Muddy Creek, 17oz. 6dwt. 4gr.; Chicago, 170z.; Kura, lOoz. lldwt.; Welshmans, Boz. sdwt. MOUNT LYELL RETURNS. (bt TELEOEirn—rnr.ss association—cornticnT.) Melbourne, Soptembor 18. The Mount Lyoll mine returns for the period from August 13 till September 16 (inclusive) 'show that 32,132 tons of ore were treated, also 162 tons of purchased ore, which produced 722 tons of blister copper, containing copper 713 tons, silver 52,417 ounces, gold 1443 ounces. ,

: Buyers;. Sellers.' Sales:. ";is.d. -i'S.i'' jtld.' • Talisman ' ■... 1:39 -6 2 ; 0 0 -119 -9 AVaihi . ... ... 9 0 .0, 9 1.6 0 1 0 AVaihi Grand J'nct'ri 112 .0, 1,12 3 — Iv.Z. Crown ... ... — . . '.0 4 3 , — Big River ... ... 1 12 6 1 13 ■ 6, — ' Blachvater''Mines .... 1 3 3 — •• — '