COMMERCE & MINING

New Zealand Times, Volume XXXIII, Issue 7849, 11 July 1911, Page 6

COMMERCE & MINING

THE SITAREMARKET WELLINGTON STOCK EXCHANGE. YESTERDAY’S QUOTATIONS. MINING. Blackwater Alines—noon, s £1 9s; 5.15, 8 Consolidated Goldfields—noon, s £1; 3.15, s £l. Kurauui Caledonip.n—noon, b Is 2d, 5 ‘s 4d: 5.15. b Is 3d. s Is 4d. Mav Queen—lo a.m., b2s 6d: noon, b2s sd. »2s 7d; 3.15. b2s 5d s2s 7(1. _ New Hvivia—lo a.m., b3s 9d, s os lid: noon. b v 3s 9d. s 5s lid; 3.15, b 3s 9d. s 5s ID-k Saxon—lo a.m., b2s 3d, s2s sd; noon, o 2 s 4d. s 2s sd; 3.15, b 2s 3d, s 2s sd. Tairua Mines—lo a.m., b2s 6d. s2s 3d; noon, h 2s 6d, s 2s 7d: 3.15. b 2s sd. 6 2s Cd. Talisman Consolidated—lo a.m., b £2 ICs 3d, s £2 10s 9d; noon, b £2 ICs 3d, s £2 10s 6d; 3.15. b £2 10s. s £2 ICs 6d. Waihi—lo a.m., a £3 ss; noon, a £3 os 6d; 3.15. s £3 5s 6u. Walhi Grand Junction —10 a.m.. s £1 7s 3d; noon, b £1 ts 9d, s £1 7s; 3.15, b £1 6s 9cL s £1 7s. Waitangi Consolidated N.L.—lO a.m., h 2s lid, s 3s Id; noon, b 2s lOd, R 2s lid; 3.15, b 2s 10d, s 3s, sales 2s lOld. 2s lid (reported). Waibi Pneroa—lo a.m., b 12s fprem); noon, b 12s (prom); 3.15. b 12s (prem). Mystery Flat—lo a.m., s 8s 6d; noon, s 8s 6d; 3.15. b 7s f.d. sales €s ('Change). Note.—The letter "b" signifies ouyera INVESTMENT STOCK.

ON OTHER EXCHANGES. X’hess association. AUCKLAND, July 10. Business done at the morning call of the Auckland Stock Exchange included: Bonanza, 2d. May Queen, 2s 6d, 2s 7d. Sylvia, 3s ICd. Waitangi, 2s lid. ,• Bremner's Freehold, 3ld. Tairua Mines, 2s 7d and 2s sd. Waihi, 665. fifia 9d. Grand, Junction, 27s 3d. Afternoon call: Moanatairl, 6d. New* Sylvia, 3s 9d, 3s 9d. Watchman, 2s Id. Bremner’s Freehold, 3id, Waihi, 655. Golden Hill, 9d. Waihi Grand Junction, 26s 9d. Saxon, 2s 4d. Tairua Mines. 2s sd. New Zealand Paper Mills, 21s 6d. Tonson Garlick, Ltd., 20s. DUNEDIN. July la Dunedin Stock Exchange sales: Now Sylvia. 3s 9d. Waitangi, 2s lid. Sales reported: Tairua Mines, 2s 7*d. National Bank, £6 Is 9d. Now Sylvia, 3s 9£d, MINING NEWS THE AUCKLAND MINES. SPECIAL TO THE "TIMES." AUCKLAND, July 10. THAMES DEEP LEVELS. The contractors for the extension of the Deep Ix>vel crosscut have made good progress during the week, owing to a better class of country having been met with in the face, and a distance of 49 feet has been driven since the present contractor commenced work on Thursday of last week. A considerable quantity of water has’ been issuing from the face during the week, but this has now cased off somewhat. BRBMNER’S FREEHOLD. The manager of Breraner’s Freehold reports that they have got a splendid reef 20 inches wide, and in the low level it is looking good enough for go-id at any time, i MAY QUEEN. In the -drive on the Exchange reef in the! 1000 feet level of the May Queen mine the : work of stripping the lode is in hand, I Portions of the lode which have boon broken by the shots in stripping have shown good dabs of gold during the week, while a few pieces of good picked stone have been secured. It is, intended to break down again in the early part of the coming week. A short leading stope Ims also been carried along over the drive, and the quarts broken showed nice dabs of gold. Sloping operations on the various branches of No. 4 lode at No. 6 Level arc being continued, and are producing payable ore, from which a little picked stone is scoured from t-imo to time. Crushing commenced at the battery to-day. OLD HAUBAKI. ■ Since the first of this month 601 b of good stone has been .won from the 300 feet and 400 foot levels, and both these levels have been projected seaward with favourable prospects. At present there are 18 faces being operated upon. Crashing commenced at the battery to-day. TALISMAN CONSOLIDATED. The general manager’s report for the fortnight ending May 20th states that at No. 11 level the values from the slopes off No. 12 rise average £2 17s. At No. 12 Level the north drive on the reef (intersected by the east crosscut at 152 feet north) is along 28 feet, and the width of the reef is 36 inches, the values averaging 5s lod. The south drive on the same reef is 26 feet, and the width of the reef 72 inches, the values averaging 14a fid. In No. 13 winze, south of No. 4 crosscut, the width of the reef is 18 inches and the values average 143 4d. No. 14 winze has been discontinued on account of water. TTu> values from-No. 3 north stopo average £5 9s fid, No. 4 north stope !8a sd, oast vein etopes £1 l?s. In No. 13 level the south drive is in 1434 feet, and from 1380 feet to 1388 feet the w f dth of the reef is 12 inches,) the values averaging 4a 3d. From 1383 feet to the face the values average £4 &= fid for a width cf 66 inches. In No. 12 winze the total is 140 feet, tho width of the reef being 42 inches, and tho values average £.5 Cs lOd. Tho south drive has been extended 18 feet, the total being 150 feet. The roof is wider than the drive, and tho values average £9 6s. The values from stores off No. 5 rise average £4 9s. off No. 12 rise £9 13s lOd. and off No. 15 rise £8 14s 4d. TAIRUA MINES. The following telegram from the Tairua Mines was* received bv tho Wellington 1 Slock Exchange yesterday; “Buttery mu 76 hours with fif'eon bond, obtained 1440 z hot water squeezed amalgam." LONDON MARKETS HIGH COMMISSIONER'S CABLED REPORT. The Commerce and Tourists Division of : the Department of Agriculture, Commerce

and Tourists, has received the following cablegram from tho High Commissioner for New Zealand, dated London, July Bth. 'Note.—Quotations, unless otherwise specified, are average market prices on spot):— MUTTON. The market is quiet, small business doing. There is a dull sale for heavy oaroases The; arrivals this week are heavy. Canterbury 3|d, North Island Zfid per lb; l a drop of £d. LAMB. I Stroks on hand are heavy, but a fair deI maud continues. Tho market Is a shade weaker. Canterbury other than Canterbury 4£d per lb; a drop of fid. BEEF. Tho market is depressed on account of the supplies of American chilled beef being large. New Zealand hinds 3£d, unchanged; fores 2gd per lb, a drop of id. BUTTER. The market remains firm. Nominally, choicest New Zealand but tea* 103 s per cwt (stock is exhausted), Danish Üb&, Siberian Australian 103 s per cwt. Australian butter is Is higher; other prices arc unchanged. j CHEESE. *f*te market is steady with a very good 1 demand. The shipment of cheese ex s.-s. Tainu) arrived in good condition. Now Zealand white GCe, coloured 61s per cwt, an advance of Is. HEMP. The market is very quiet, nothing doing. New Zealand quotations arc nominal and unchanged, viz.: New Zealand good fair on spot £2l per ton, fair grade £2O; forward shipment. New Zealand good fair £2l 7s 6d, 'fair grade £2O; stock of New Zealand hemp, 809 tons. Manila.—The market is firm,* with more inquiry Fair current Jlanila on spot £2O per ton; forward shipment. £2l. The ftitput from Manila for the week was 21,000 bales. WOOL. The market is quiet but firm at last quotations: 36's low crossbreds Is lid, 40’s low crosslxrods Is 2id, 44’s medium crossbred® Is 3d, 50'a half-breds Is 6id, 56's quarterbred® Is 9£d, 60’s merino® 2s 2£d. KAURI CUM. The market is very quiet. The stock of New Zealand gum is 256 tons. Dark brown i selected rescraped £7 2s 6d, dark mown three-quartor-scraped £4 7a 6d, dark brown chips (dressy) 35® to 455, re-scraped pale amber £l2. three-quarter pale-scraped £7los, diggers' chips (good) £2 IDs. RIVER PLATE MEAT SHIPMENTS. River Plate shipments received during: June, 1911:

FROZEX MEAT. | The Kew Zealand Loan and Mercantile* Agency Co., Ltd., have icveivcd the following cablegram from their London house under dale July 7th: —Frozen Meat: There Is less demand for frozen mutton and j

lamb owing to the hot weather, and the beef market is very weak. LATEST CABLED ADVICES. 6l Telegraph—Press Association— Copyright, LONDON', July 9. Hemp quiet, prices unchanged. Jute.—Native, first, marks, August shipmeat, £23 10s. • ' Au Australian wheat cargo has been sold at 54s Rd . per quarter. FROZEN MEAT MARKET. By Telegraph —Press Association —Copyright. LONDON, July 9. Tho Frozen Meat Trade Association's Smithileld market quotations lor the undermentioned classes of frozen meat are based on actual sales of not less than one hundred carcases of mutton or lamb or twenty-fivo quarters of beef of lair average quality. The quotations are not for selected lines, but for parcels fairly representative of the bulk of the shipments now on the market. The prices winch follow are on an average a farthing per ib more than the values ex ship, this difference representing au average cost in expenses, handling, conveyance, and Bolling

PALMERSTON NORTE,. PIGS, POULTRY AND PRODUCE. Harry Palmer and Co. report on SatuA day’s sale as follows:—We had just a fair entry of piss, mostly stores. Tho quality was fair, and competition was keener than for some time past Prices went nil fuliy 25 per cent. The poultry, with tha exception of a few pens, wore of the very best quality, and the very saL 'factory prices which were obtained show- hat :t docs pay to fatten good' birds -r the table. A very large quantity of reduce was disposed of, also lurnltu.v and household sundries, the latter t aiming higher prices than usual. We quo Pigs—Slips Bs, stores 11s to ,17s, tvo culla try—Pullets 3s 3d to 4s fid, 1 ena, bid 2s 6d to 2s 9d, good do. 3s' to 3s Od, cockerels' 4a to 5s 6d, inferior 2s 9d to 3s-. ducks, 4s to 6s, all at per pair; turkeys, hens fat 6s; one good drake, 3s 61. Produce —Prime Up-to-Date potatoes 104 6d Stars 9s. Es second-class 7s, 6s, pig potatoes 3s to 3s 6d; pumpkins, ss; marrows’, ss; parsnips. 6s; carrots, 4s. 3s 6d, horse do. 2s 6d; cow chaff, la 9- . prime oaten 4s 9d: swedes, 2s 6d; pig,! cal, 11a 6d; barley, Us 6A; small bags pie melons, 4s '6a to ss; onions, 7s Cd; mam lids, la 6<3 all at per sack, bmail lots > : oauliflowera sold well. Bacon, 5d per lb apples, very fine-graded Sturmera and ashing, tons 9s 6d bushel cases, haif-t ises ss. local grown 3s, largo cases gs id. Set harness, £4. . Wo sold a largo consignment of lorniture. We held a salo of ehrul s, fruit trees, etc., on Thursday last, wlich was well altendoL Every lot was cli tred at very satisfactory prices. Our Thursday mart sale was also well attended, and everything offered was sold, with. the. exception of a piano. On the whole business is brightening up considerably. WELLINGTON CUSTOMS. The Customs revenue received at Wellington yesterday totalled £lO3l.

Buyers. Sellers. Sales. £ 8. d. Banks— Union of Austra- £ 3. d. '£ s. d. lia. Ltd 66 10 0 FINANCIAL— National Mort’gs, Ltd ■ 3 8 6 Wcl’n Trust Loan, Lid. (ex) — Wcl’n Deposit and 7 10 0* Mortgage Ass’n. — OAS— 0 8 6 Christchurch, £5 9 15 0 Insurance— South British of N.Z '3 15 0 3IE1T PRESERVING— WcILng'n Meat Export, £5 6 5 0 Welling’n Meat Ex- ■“ ■“ port, £2 12s 6d ... — SKIPPING— 3 5 6 N.Z. Shipping Co. — manufacturing— Weiling'n WooTn, 11 15 0 ordinary — Weiling’n Wool’n, 4 1 6 — preference ... 3 1 0 COAL— Hikurangi 0 13 6 — — Westport 19 0 Miscellaneous— Lcylnnd O’Brien Timber 17 6 Manning and Co.. — Ltd — N.Z. Consolidated. 4 V 6 Dental Co. ... — N.Z. Drug Co., Ltd., 1 3 0 — £2 2 9 5 N.Z. Paper Mills 110 Ta ra na hi Pe iro* — leum, £1 pd. ... — Taringamutu Saw* 0 17 3 Mills, Ltd. ... 2 6 0 •Seported. 2 8 0

! Mutton. Lamb. Carcases. Carcases. London .. 145,8^5 50.801 llnll 9.0C0 1,000 Liverpool 117.793 61,706 New cast 1 3 5.434 1.003 Bvnthanjpton 8.E96 1.300 Bristol O.COO — 292.960 115.307 June. 2910 158.264 60.G59

June 29. July 6. Mutton— d. d. Canterbury, light 4 Canterbury, medium . .... 4 Canterbury, heavy 311-16 North Island, best 33 North Island, ordinary ... 03 North Island, ewes 3i Australian, light .... 33 33 Australian, heavy Australian, ewes ... 3 9-16 3 9-16 Kivor Plate, light .... 33 32 River Plate, heavy ... 3i 3i Eivcr Plate, ewes ... 31 3* Canterbury, light .... 5V 5* Canterbury, medium .... 4« Canterbury, heavy 4S .... 4 15-16 4S .... 4 15-16'4S' North Island, ordinary ... 43 4 13-16 Australian, best 4j Australian, fair ... 4i 43 Australian, inferior .... 4i 4J ’ Elver Plate, best ... 43 43 Jiiver Plate, seconds ... ... 43 4a

St 1 25 Kow Zealand, fores Kew Zealand, hinds 34 . Australian, lores 2* 25-16 Australian, hinds 34 3i Elver Hate, lores 2* 25 Elver Plate, hinds 3 9-16 3j S3 Elver Plate, fores Si Hiver Plato, niuds 4 ; 38