COMMERCE & MINING

New Zealand Times, Volume XXXIII, Issue 7450, 26 May 1911, Page 6

COMMERCE & MINING

THE SHAEEMAEKET WELLINGTON STOCK EXCHANGE. YESTERDAY’S QUOTATIONS. MINING. Blackwater Mines—lo am., s£l S 3; noon, s £1 £s; 3.15. s £1 Bs. Brenincr'a Freehold. 3.15, s 4d. Consolidated Goldfields—3.lsi b 15s. b los 9d. Kapanga/—lO a.m., b 7d. Kuranui Caledonian—noon, s Is 3d; 3.i0, 5 'May Queen—lo am., bls 6d. fi Is Td; noon, b Is 6d. s Is 7d; 3.15, b Is sd, s Is 7d. sales Is 6d (’Change). # _ ~ Now Big Elver —10 a.m., b *3 16s; noon, b£3 17s; 3.15. b£3 17s. . ... New Sylvia—lo a.m.. b2s lOd. s 2s IJd; •noon, b 2s lOd, s 2s lid; 3.15, b 2s lOd, s 2s lid. sales 2s IOJd (’Change). Occidental s sd; 3..0, s sd. , . AA Old Hauraki G. Mines— lo am. b2s noon, b 2s sd, s 2s 6d; 3.15, b 2s 4d, a -s od. Saxon—lo a.m., b2s Id, s2s 2d; noon, b 2s Id. s 2s 2d; 3.15, b 2s. s 2s Id. sales 2a Id (’Change). , „ .. nA Tairua Mines—lo a.m., b Is sd. als 9d, noon, b Is 6d. s 3s 7d; 3.15. b Is 6d, s Is 7d. Talisman Consolidated—lo am., b £2 10s 3d, s £2 13s (ex); noon, b £2 10s 3d. a £2 11s; 3.15. b£2 10s 3d, s£2 11s. „ <r , 44 . Victoria N.L. —10 a.m., a la Id; 3.15, b lid, ■lvaihi—lo a.m,, b£3 3s 6d, s£3 3s 9d, sales £3 3s 9d (’Change); noon, b £3 3s, s £3 3s 6d, sales £3 3s 6d (reported); 3,15. b £3 2s 9d. s £5 3s; sales £3 3s 6d, £3 3s 3d (reported). • Waihi Extended —10 a.m., s Is 7d; noon, s Is 7d; 3.15, 6 Is 7d. • . _ Waihi Grand Junction—lo a.m., b£l 7s, s £1 7s 6d; noon, b £1 6s 9d; 3.15, b £1 6s 9d, s £1 7s. „ ~ Waiotahi —noon, 3 2s 8d; 3.15, s 2s 4d. Waitangi Consolidated N.L. —10 a.m.. b 2s; noon, b 2s Id. s 2s 3d; 3.15, b 2s Id, a 2s 3d. Watchman—3.ls, s Is 6d. Boss—lo a.m., a 2s; 3.15, a 2s. Note.—Tho letter "b” signifies buyers and V' sellers. INVESTMENT STOCK.

ON OTHER EXCHANGES. PEEBS ASSOCIATION. AUCKLAND, May 25. Easiness at this morning's call of tho Stock Exchange included: Kay Queen, Is 6d. Occidental, 4£d. Saxon, 2s Id, Waiotafai 2s 3d, 2s Id. Golden Cross, lOd. Talma Golden Hills, Is, la Id. Talma Monarch, Is 7d, Is 6d. Talisman (ex div Is 6d share), 50s 6d, 51s. Waihi, 635, 62s 9d. Waihi Grand Junction, 275. Afternoon call: Monowai. Is 7d. New Sylvia, 2s lid. Saxon, 2a Id, Bendigo, 3d. Golden Belt, 3d. Waihi, 635, 63s 3d. Waihi Grand Junction, 275, 27s 3d. Taranaki Oil, 18s. Now Waitaia, 9d. 'Auckland Tramways (ord.), 25s 3d. -DUNEDIN, May 25. Stock Exchange sale: Waihi, 64s 3d. Sales reported: Golden Bed, 11s 6d. Waihi, 63s 9d. Union Steam, 41s. Westport Coal. 28s (two parcels). Tho Wellington Stock Exchange yesterday received tho following telegram from the Tairua. Mines management: ‘Tenetrated reef 6ft 6in wide; defined hanging wall; about hack to normal.” % AUCKLAND NOTES. SPECIAL TO TITB ** TIMES.** AUCKLAND, May 25. The Talisman management has sent to London tho following cable: “Number 13 level, south drive —Progress 36 feet, reef 66 inches wide, average value £4 Bs. Driving north off No. 12 winze—progress 11 feet, reef 42 inches wide, average valne £5 7s. Driving south off No. 12 winze—progress 18 feet, reef wider • than drive, average value £9 6s.”’ Tho twenty-sixth dividend -of tho Talisman Company, being Is 6d per share on the old issue and Is lid per share on tho new issue of shares, waa paid to-day. This will absorb £25,031 ss, and will brine tho total dividends and bonuses paid by tho comnany since ita reconstruction to £554,2134 7s 6d. Of tho amount being distributed to-day colonial shareholders will receive £17,882 2s, thero being 1187 shareholders on tho Dominion register holding 213.537 old issue and 33,188 now issue shares. - The drop in Waihis to-day is attributed to two causes—the flooding of the lower level and the rumour that the mine may bo entirely closed down for a while as a result of the miners’ demands for increased wage®. Rumours of labour troubles invariably have a depressing effect on the London market, and this is quickly reflected here. Business on the Exchange showed improvement during the ja-st day or two as far as shares in mining companies are concerned. Pair transactions took "place in both Waihi and Grand Junction shares, Waihis bringing to 66s and down to 63s and 62s 9rl to-day. while Junctions ran from 28s 6d to 26s 9d. Talisman Consolidated shares have, maintained their price, selling dally at about 525. Thames lines arc still neglected, very, few transactions having taken place in cither Saxons or May Oneens during the past week. Monowai shares firmed a little, and there were buvers for Victorias. Svlvias. Waiotahi*. and Watchmans; but tb© ra*e« o f. fered were low, so few sales resulted. Ororaandoi Sham bod more attention this week. The Old Hanraki mine produced several ban’s of nicked stone, and as some of it was the in the 400 ft level. hopes arc entertained that a npw ran of gold mny have been located- Shares sold freely from 2s 3d to 2s 4d, with occasional transactions a penny hieher. Bremner’s Freehold had a satisfactory crup-hintr. which yielded £277 10s, and a. start has now been made to work in the 940 ft level of the Kapanga mine. It was from that level that some weeks ago stone was reported showing gold. PRESS ABSOCIATIO2V, AUCKLAND. May 25. The following cable has been* despatched to the London office a! the Waihi Company: “No. 4 level. Royal lode, west of No. 5 shaft—Crosscut 10ft driven., 2 6d per ton. Edward lodes—South from Perch crosscut, first 20ft driven, 6a per ton; next 10ft, £3 ICs per ton. Reptile south-east crosscut—4oft driven. Level No. 10 Crosscut north from No. 5 shaft, 17ft driven. Level No. 16—Have tapped large quantity

of water; level fall of water. Probably stop development work for three days. The Komata Beefs return is £1702 from 700 tons. MARKET CABLES Sy Telegraph—Press Association—Copyright. LONDON. May 24. . ' VISIBLE AMERICAN WHEAT. The visible supply of American wheat and flour east of the Kooky Mountains is estimated by “Bradstreet’s" at the eqpiivalout in wheat of 44,052,000 bushels, compared with 45,626,000 bushels a week ago, and 39,993,000 bushels on May 25th, 1910. TALLOW SALESAt the tallow sales 1158 casks were offered and 551 sold. Fine mutton made 35$ 6(1 per cwt (6d up on the week), medium 32s (6d down), fine beef 53a 9d (3d down), medium 31s 6d (6d down). • v "BEARS” ON TIN. Tin on the spot is quoted at £2Ol per ton, .and at three months £l9O 10s. The market is strong on “bear 0 coverings. (Received May 25, 10 p.m.) LONDON, May 25. Tin closed yesterday at £203 per ton for cash. The New Zealand Loan and Mercantile Agency Co., Ltd., yesterday received the following cablegram from London: “"Wheat. —We have sold at 35s 6d c.i.f., an Australian cargo. There’ is very little demand owing to favourable crop reports. The Continental market prospects aro not likely to improve at present. We quote per quarter c.i.f.. New Zealand wheat, long-berried, 335; shorbberried, 32s 6d. Tallow. —We quote present spot values for the following descriptions: Good mutton, 34s 9d per cwt; good beef. 32s 3d; mixed, 31s. The market has a lower tendency. 0 LONDON WOOL SALES LONDON, Maw 24. At the wool sales there was good competition at full rates. ■ The following are prices realised for the fleece portion of the clip named: “Titi,” ton price lUd. average lOgd; "Oruamattia,” and ICfcd, (Received May 25, 10 p.m.) LONDON, May 25. The "Hikuto+o" clip ynade up to Hid, and averaged 93d. LITE STOCK SALES PALMERSTON NORTH. ' Abraham and Williams, Ltd., report: Wo had a full yarding of sheep, which met with a dragging sale, the greater nortiAn of the entry being passed in under the hammer! Sales were effected at the following. quotations—Fat and forward twotooth wethers 15s lid. fat and forward ©wes 11s 2d to 12s, forward ewes 9s to 9s sd, mixed age ewes in lamb 7a 6d to 9s 3d, fat and forward lambs 8s Id, good store lambs ss, 8d to 7s 2d.. cull ewes 2s 6d to 4s. Cattle were dull of sale, a good many pens being passed in. Wo quote— Three-year bullocks £5 13s, fat cows £5 12s to £6 2s. forward cows £2 10a to £3 16s, store cows 30s to £2. weaners 255, dairy heifers £5 10s, dairy cows £l. The Now Zealand Loan and Mercantile Agency Co., Ltd., reports? Yesterday we had a good entry of both sheep and cattle. A good clearance was effected, prices being in favour of purchasers. Sheep—Cull lambs 2s 4d, small lambs 4s sd. forward lambs 7s lOd, store wethem lls 2d. Romney ewes in lamb 10s to lls, f.m. ewes in lamb 6s 8d to 9s 3d, cull ewes 4s Id to 4a sd, forward ewes 9s 2d to 10s 4d, rams 12s. Cattle—Weaner heifers 395, store cows £2 to £2 Ba, forward cows £4 la to £4 2s. WELLINGTON CUSTOMS. The Customs revenue received at Wellington yesterday totalled £3536. REUTER’S TELEGRAM COMPANY. The directors of Reuter's Telegram Company, Ltd., have declared the usual dividend at the rate of 5 per cent, per annum for the half-year ended December 31st last. According to the balance-sheet just Issued the total at credit of the various reserve funds at that date amounted to £132,521, being 43 per cent, in excess of the paid-up capital (£94,712).

Buyers. Sellers. Sales. £ s. d.. 8d. £ 8. <1. furnrn— New Zealand ... — 11 17 6 - FINANCIAL— Wol'n Trust Loan, Ltd — 7 16 6 Wel’n T)eposit and Mortgage Ass’n. 0 8 3 0 8 9 - INSURANCE— Standard of N.Z. 1 10 0 — MEAT PRESERVING-* Christch’ch Meat Co — 16 2 6 - SHIPPING— Union Steamship — 2 1 0 _ ■ Wel’n Steam Ferry 18s paid 0 12 0 - - MANUFACTURING— Weli-ing'n Wool'll, preference ... 3 0 0 ■ __ COAL— Taupiri 110 Westport 18 3 1 8 9 ■ — Wesiport-Stock’n. Ltd — 0 4 0 - MISCELLANEOUS— ' Leyland O’Brien Timber ... ... 1 7 1 0 Miramar, Ltd. ... — 0 2 6 N.Z. Drug Oo, Ltd, £2 2 9 0 2 9 6 _ Taranaki Petroleum, £1 pd.... 0 17 6. 0 18 6 Taringamutu Saw* mills. Ltd. ... 2 9 0 2 10 0 —' Ward and Co, Ltd 5 0 0