THE WHITE MEATAL

Dominion, Volume 3, Issue 920, 13 September 1910, Page 8

THE WHITE MEATAL

' ThojSwadeshi: move'ment,,to.'.cornerfiilverdoes; not appear to have: had ■; the'-'effoct of causing; in Value.'.' For..'sometime''past .the/price -'of: the \white" metal has. 1 kept "■ below , 25d. per ounce'■•! standard,' 1 and,it.has been down'.to 24-5-i6d. -''In;their. very .interesting, circular 'on,' the'i silver-' market,'-published!. towards .••■■the.'' end- .of July,','Messrs.;;Samuel Montagu: and ■ Com'-, pany 'say -.that the ordinary. ..activities. ,'of' the market Jare: suspended,' "whilst 1 , public attention. is/Veentred.' on. the problem involved? .by : the:, future dispersal; of ■ the: /enormous stqpk ,of accumulated:; silver."• 'How. : long.-these stocks-can 1 ibevcarricd is. jtlio questiort/Jiow 'being generally discuss.-'' fed; / The Indian'bazaars!-''.which ,at present are v .the only-vlegitimate. cohsumers'.'on/a large .scale,'arc-taking no more, than about', £35,000;; a'.week, while- America, the., chief producer;/ 'out' some £nso,l)uu worth-.-!a week..--^China,,.has reduced:"her.. :hblding|or-,s'llTflr;;iiahd':ia.\nbi'-'Ukely.'£tb- v 'ah-, ; sorb the metal, except at reduced prices, and; there, is-no'sign, as yet of. an Indian Government' demand, while .coinage orders .are,' scarce.. ■■'■' .Trade;.-reauirements' 'would,, rid',doubt,','be/, increased ■ by'lower' .price's;' but. these-have, not' yet fallen sufficiently to i creator, a' strong /demand;, / The' only bull: point- appears .to be the ,'iiiidoiibted 'prosperity of.lndia,' but however that may operate in the/future tho existing positionis dominated -by '• the • huge- stocks,- the carrying of. which, to quote Messrs.. Montagu,-' "seems Valmost out of the: sphere of work-,'; a-day business, and .suggests -a : feat' of strength-: in . which weight after weight is being piled.on'the arched chest of the performer, 'whilst ;the. bystanders wonder how muoh: more he' cam boar."-' :'::., . --.

'OustomgVrevenue collected .'at, the port of Wellington y yesterday ■■ amounted to £7487 6s.i'6d. ■[.::■• -V-; ■'■'~'■■' :?:':■■ '■■■-:".■ r: :

-'::■•:: V ; :WHEAT - AND-' FI/OTJE.'; ;■ i 'By. Tdeeraph—Press AssMlatinii-<lopyright ■■■/,-'' 'London, September '11.'.'. The wheat:and flour afloat for the United Kingdom -.totals '=2,285,000 . Quarters;" for- tho Continent,' .■•..'.■.■2,855,000 ' Quarters; -Atlantic .shipments, -.116,000. : The, total -.shipments to' Europe■ during,fthei' week y. amounted' -to 2,050,000; quarters, (including-: 115,000:-from. 'Argentina,- 705,000 'from Russia.. 709,000 from •Danubian districts; .130,000 .from India, and. 172,000 from 'Australasia;.'..'. ' '■ ' '. ' ;: '.;:-'- : iIiOiro6N"MAEKETS.'V.-;'■/.-• BrlWegraph—Press Assoriotion—OopyTiEht '■';-.■-.". London, September li. . Hemp—Market quiet. Good to fair Wellington'is scarce,, and is nominally at. £24 4s.' per' ton. . - .• v ■..'. ■■--.'■"■■ ' - ■•- , Bubbcr.—Fine ■•hardv.Para',-' 7s. 6d., per: li. ■:-.'. .Liverpool quotation for American': middling upland l cotton. is 7.12 d.' per: lb.; v ■ :■ '■ ■■■ "."... Babbits—Prices are, improving, and thi>. demand hardening. . Best largo Sydneyai; 16a. 6d., ex store; young, in -'.short Bupply, at 155.. to 16s. 6d. ■ -. \ ■• ■■';;,'■'.''•■';':. • i - , ';:,'-siiiyEß. ; ' ■'■' -'-v,\.-:^ ; v . Bar silver is-jiuoted at' 24 7-16d.',per ounce, ■stimdar<l.; : ..~i':.";': -.'..'V-.'--'-.;''-'-'. . ■ ■'■■:■"■•:: ■..:.-. ''■ •'.'.; :'-,. rraoHropMMisisibNEE's :qism:! : ' -.•'/; The OommerceVandj Tourists Division of < the, Department. of .{Agriculture,: Commercoi ;■ and • Tourists ; : has '■ received, the; following; cablegram ;frbin ;the: 'High', Commissioner' for New 'Zealand, .dated London, September 10. Quotations '..(unless. otherwise. specified) are. for. average market prices on Bpot:— . ,- Mutton—Tho;-,market is, firm; stocks of mutton on hand are light, and aTe firmly held in few hands. A moderate demand: 'Canterbury, 3Zd.; North Island, 33d. per lb.'. ■ • Lamb—Tho market is firm ,and there is a ' good demand ■ for 'all lamb. .Canterbury, sid.; .other than Canterbury, 4ld. per ,Ib. . Beef.—The' market is. weak. Stock is accumulating owing ■' to a. poor: demand. Now Zealand hinds,. 3Jd.; fores, 2Jd. per lb. . .-■.'.'■■••' Butter.—The market lis quiet, but firm, for! best quality. Buyers are awaiting .this season's Australian, which is now due.' Danish, 117s.; ; Siberian, 107s. per cwt. Cheese.—The market is quiet, but steady, English being in .large supply. Buyers are cautious. The supply of Now Zealand cheese is practically, exhausted. New Zealand cheese, 575. 6d. per cwt. . i Homp —Tho market is somewhat steadier, and.theTe is. a better demand. New Zealand good fair, per ton, £24 55.; fair

grade, £21 10s.'; fair current Manila, £20 55.; forward shipment, Now Zealand Rood fair per ton, ?£24;'fair'grade, £21 55.; 'forward shipment, New Zealand good fair, per ton, £24; fair grade, £21 55.; fair current Manila, £20 ! 10s. The output from Manila, for the 'week; was 25,000- bales. Stock of NewVZealand', homp, 356 tons... MINING NEWS. WELLINGTON SHAKE MARKET. Business was exceedingly quiet in the mining market yesterday, and the trend of values was downwards. Waihis were again, weak, with' Bales at £6 16s; Only three sales were recorded, as under:— Waihi, £6 165., £6 165., (second call). Waihi Grand Junction, 37b. 6d. (second call).' .■■•.'■■' . QUOTATIONS. -,'.-"., .Buyers. Sellers. Sales. £a. d. £ s.- d. £s. d. Kuranui — 0 0 6 — Kuranui Oaled'n ... 0-1 3 0 16 — Maoriland 0 0 5 '— — New Sylvia.... 0 3 9 0 311 - Old Hauraki ......... 0 4 4 0. 4 6 — , Saxon 0 15 0 16 — Tairua Broken Hills 0 18 0 110 — Talisman 211 3 212 0 — ' Talisman Eights ... 1 5.0 15 3 — Waihi ........; ■—■ 616 0 616 0 Waihi Reefs-....;.- 0 5 10 5 3 ■ —. Waihi G'd. June... - ' - 117 6 117 6 Waitangi 0 2 2 0 2 4 ' — Watchman ..:....•..... — 0 2 7 — Oon. Goldflelds . 116 — , — ' Progress'.'... _• 013 0' —: ■ — Ross Goldflelds _.'o'3 2 0 3.3' —, - STOCK/EXCHANGE. . (By Telegraph—Press Association.) . - Auckland, September 12.. ' Business. done. on 'Change this morning:— ■ Saxon, Is. 6d. ,' ■ M.t. Zeehan, 7Jd. .' ■ Ross, 3s. 6d.' to 3s. 3d, ;.'.- Jalisman,- 525. 6d. .Waihi, £6 18s. to £6 17s. 6d. . Waihi Reefs, ss. 3d.,. 55.;2d.. Grand Junction,-385.-3d;; 375. (id. Taranaki Petroleum.(paid),' 96. 3d.; 9b. • Westport-Stockton, 7s. 3d. Northern Coal, '9s. ' Wilson's Cement (ord.), 2b. The following business was done at .the -3.15 ; p.m. call; to-day :— '. Watchman, 2s. Bd.. Zeehan .Consolidated, 7d.i, Ross Goldflelds; 35.2u.- ', '■".,- Waihi, .£6 175., £6 17s. 6d„ £6 -l?s. . . 'Waihi Beefs-Consolidated, ss. Id. 1 .-.. Waihi Grand Junuctibn, £1 17s. 6d. . Northern Coal, 9n',': Auckland Gas.'£3 9s.

■: Duncdln, September 12. Stock Exchange;,sale :— ■ Waihi ..Grand , Junction, £1' IBs.■ .9di.--. Sale reported:— '-.'■■ '. ■ Waihi. Reefs Consolidated, ss. .-,;

- Duncdln, September 11. The following are tho Stock' Exchango quotations:— ,;.-•-' ",'"■/" Dredging stocks: ;Blackwater, sellers Ea.; Electric, ■ sellers 3s. 6d.; Golden Bed, ■buyore 185..,6 d;,--. sellers'- £1; Golden Treasure, Bs. 3d.V - ■■-:-:' ;;:i ' ■■-.:'.■'-.'■•%v .'■■.;' '--; ' -' :; ',",V Dredging stocks: Blaokwater.' Minos, buyers £1 95.; Ross Goldflelds, buyerß 2s. 7d., Sellers 3s. 7d.; Muddy Terrace, sellers £1 28.;-: Consolidated Goldflelds, buyers £1 Is.; May: Queen,-buyers 3s. 10d. v sellers 45.; New Zealand Crown,: buyers 45., sellers 4s. 6d.; Old "'Hauraki,. .buyers-:4s.- 1d.,-, sellers 4s;< 6d.; Watchmaia, buyers 2s. ,6d„ sellers 25.'9 d.; Talisman: Consolidated, buyers £2 :lls:.,6d;,';sellers £2 125.:9 d.; Waihi, buycTS. v£6' : '-14s.V-' sellers'. £6'. 15s. ,6d.;:'.'Waihi';: Eeefs' Consolidated, - buyers 4s.': 10d„ sellers - ss; '3d:; r-Waihi? Grand , Juuiiction, buyers , ; £1 16s. sellers £Wlßs.;v ; . ;: ;-:-'. -• Investment Btocks: National Bank, buyers ..£5" 14s.'. 6d... sellers •£5 ; 175.; Bank, of N.Z.; sellers., £10; 65.; ■N.Z.' Shipping ;Co., sellers ' £10 ",2s;;'' Union' Steam Ship-i 06., sellers,!£l.-16s:; New -Zealand Drug-Co., Ltd., selleTs'£2 125.; New. Zealand Paper. Mills,: buyers £i 3s. 6d., sellers: £145.; .May Oatway,. buyers' £1;' Dominion Rubber, sellers , 15s. 1 premium;.' ' ".,'.'.

■; LONDON: QUOTATIONS. . .;.;... ~ ;: . By TeWrraph—Prefis-AFPocintinnr/OoriyriirhT. London, September 11.The Stock Exchange quotations include: —Waibi ll.M.i"buyers-.l3s3.,''sellers 1!75.'6d.; TVaihi Grand Junction, buyers ;375.,:6d., Bellors 38s.' 9d.. ~V; .-;,••,■', .:-.;■ ■■■■.■■}'.■'•■■ ■:■?■■■:-