COMMERCE & MINING

New Zealand Times, Volume XXXIII, Issue 7864, 28 July 1911, Page 6

COMMERCE & MINING

THE SHABEMARKET WELLINGTON STOCK EXCHANGE YESTERDAY’S QUOTATIONS. MIXING. Blackwater Mines—3.ls. s £1 8s 6d. Brcmoor’s Freehold —3.15, b 3d. Consolidated Goldfields—lo a.m., s£l CB 3d; noon, s £1; 3.15. b 19s 3d. Kuranui Caledonian —10 a.iu,, s Is 6a; noon, sls 6d, , . . Vlav Queen—lo a.m.. b 2s 3d; noon, b 2-5 sd( s 2s sd; 3.15. b 2s 3d, s 2s sd. New Bis River—lo a,.m., b£s 17s 6d. 9 £3 ISs; 3.15. b £3 17s 6rt. Now Sylvia—lo a.m.. b js 6d. s 3s 8d: noon, b 3s 7d, s 3s Bd, sales 5s 7d (’Change); 3.15, b 3s sa. s 3s Sd, sales 3s 7d (report<jd). Ko-^—io a.m, s 2s: noon, s 2s: 3.15, s 2s. Savon—lo a.m., b2s 6d. e2s 7d; noon, b 2s 6d. s 2s Ed, sales 2s 7d (reported); 3.15. b 2s 6d. s 2s 7d, sales 2s 7d, 2s 7d (reportod). Tairua Mines—3o a.m., b2s Id, s2s 2d; neon, b 2s Id. s 2s 2d; 3.15. b 2s, s 2s 2d. Talisman Consolidated—lo a.m., b£2 11s, s £2 11s 3d; noon, b £2 Us, s £2 11s 3d; 3.15, b £2 Us, s £2 Us 3d. ■\Vaibi—lo a.m.. b£3 3s, s£3 3s 6d; noon, b £3 2s 6d, s £3 2s 9d; 3.15,. b £3 2s, s £3 2s. 9d, sales £5 2s 9d (reported) Waihi Brand Junction—lo a.m.. b£l 7s 6d, s £1 8s; noon, b £1 7s 6d, s £1 8s; 3.15, b £1 7s 6d. s £1 7s 9d. sales £1 7s 9d, £1 7s 8d (reported). . Walhi-Paeroa—lo a.m., b 12s 3d (prom); 3.15. b 12s 3d (prem). Wuiotahi —noon, b 2s lid; 3.15, b 2s lid. Waitamd Consolidated N.L. —10 a.m., b 3s 3d. s 3s 4d: no-on, b 3s 2d, fi 3s 4d; 3.15, b 5s 2d, s 5s 4d. ■Watchman —10 a.m.. s 2s; 3.15. s 2s. Worksop—lo a.m., b £2; noon, b £2. Note. —The letter “b” signifies buyers and "s” sellers. INVESTMENT STOCK. Buyers. Sellers. Sales. £ a. d. £ a. d. £ 8. d. BANKS— National of N.Z., Ltd 5 18 0 New Zealand ... 12 5 6 FINANCIAL— National Mort’ge, Ltd 3 9 0 N.Z. Loan and Mercantile ... N.Z. and R. Plato Uand. Ltd. ... 2 0 0 Wel’n Trust Loan, Ltd Wel’n Deposit and / Mortgage Ass’n. 0 8 3 QA S Christchurch, £5 9 17 6 Fcilding 1 2 6 12 3* meat Preserving— Wciling'n Moat Ex* port. £5 6 5 0 WclTng'n Meat Ex* port, £2l2s 6d ... SBirPING— N.Z, Shipping Co. MANUEACTUEINCr— Welling’n Wool’n, ordinary COAL— Taupiri ...... MISCELLANEOUS-* Leyianti O’Brieu Timber 18 3 N.Z. Drug 00., Ltd., £2 2 9 3 N.Z, Paper Mills Taranaki Petroleum, £1 pd. ... 0 16 6 0 17 6 . Tar.ugamutu Saw* mills, Ltd. ... 2 6 0 2 8 0 Ward-and Co, Ltd. o 2 6 . ♦Reported. ON OTHER EXCHANGES. rilF-SS ASSOCIATION. AUCKLAND, July 27. Business done at the morning call of the Auckland Stock Exchange included: May Queen, 2s 3u. Sylvia. Ss 7d. Saxon, 2s 7d. Waiotahi. 3s Id. Golden Cross, llju. Tairua ■ Golden Ail?s, Is 3d. Waihi, 62s 6d. Waihi Extended, Is Bd, Grand Junction, 27s 9d. Mountain King, c-d. Taranaki Petroleum, 17s 3d. Kauri Timber (contrib.). its sd. Auckland Tram (options), 4s 2d. Afternoon call: May Queen, 2s 4d. New Sylvia. 5s 7d. Saxon, 2s 6d. Waihi, 62s id. Waihi Extended, Is 7d. Waihi Grand Junction, 27s 6d. Kapanga* sd. Tairua-sGoldon Hills, Is 3d. DUNEDIN, July 27. Mining soles; Westport Coal, '29s 3d. Grand Junction, 28a (8 weeks)* Saxon, 2s 7£d, 2s Bd. Sales reported: ' Uiv.nd Junction, 27s 3d. New Zealand Paper. 21s 3d. GOLDMINING AUCKLAND MINES. SPECIAL TO THE “TIMES,” AUCKLAND, July 27. Business on tho Exchange was unsettled this week, as far as mining stocks were concerned, by the uncertainty regarding the position of affairs at Waihi. While there was a danger of the miners going' out, investors were naturally anxious, and the result was that Waihi shares sold down to 62s fid and Junctions to 26s 9d. Now, however, that the majority of tho men have;voted a-gainst striking, business has improved again. Both Waihi and Junction shares firmed Is per share yesterday, tho latter changing hands at 28s, and Waiiiis selling from b3s 9d to 63s 3d at the last call yesterday. The latest sales quoted to-day were Waihi 62s 3d. THAMES COMPANIES. In Thames lines the principal business since la&t report was in Saxons, a good many thousand shares having sold,up to 2s 7d, May Queens on the other hand dropped to 2i 3d, but to-day sold at Id advance. New Sylvia shares eased a little, being sold at 3s 7d and 3s Bd. Tairua mines declined from 2s fid to 2s Id, but G-olden Hills were a little firmer, sales being made up to Is 3d. COROMANDEL LINES. Coromandel linos are still neglected. Investment stocks are in good demand, in some cases at prices which do not give more than 5 per cent, to 6 per cent, upon the cost. WATCHMAN. The following telegram was posted on the Exchange, this morning from the manager of the Watchman mine: “Result of check samples taken from tho reel in the Sunbeam level proves the ore to be payable." SAXON. An important telegram was received this morning irom. the manager of tho Saxon Go.d Mining Company as follows: “Broke down the reef 10OU . leet level, 15 inches wide, heavily mineralised, strong blotches of gold.seen." At the first call of the Exchange to-day about £OOO Saxon shares changed hands, the price being 2s 7d. with a further seller at the same rate, and buyers offering Id under that figure. At tho late call the demand was a bit easier and sales were recorded at 2s 6d. THE WORKSOP DREDGE. •Tho Wellington Stock Exchange has been Informed that the -uorksop Dredging Company has declared a dividend of 3s per share. Jj ; general market cables LONDON TALLOW SALES. Bv Telegraph—Press Association—Copyright ‘ LONDON, July 26. At the tallow gales 1479 casks wore offered and 364 sold. Mutton, fine 36? per cwt.

medium 32s 6d; beef, flue 33e. medium 31s 6d.'

THE WHEAT MARKET. "A wheat cargo has been sold at 33s 6d. PRICE OF SILVER. LONDON, July 26. Silver is quoted at 24 l-16d per ounce, a drop of id since the preceding day. AMERICAN WHEAT SUPPLY. LONDON. July 25. The American visible supply of wheat and flour oast of the Kooky Mountains la estimated l bv “Bradstreet’s at the equivalent of 47,282,003 bushels of -wheat, asrauDst 42,025.000 bushels last week and 20.614,000 bushels a year aso. LONDON MARKETS. The New Zealand Loan and Mercantile Agency Company, Limited, have received the following cablegram from their London house, dated July 26th: Tallow.—Wo quote present spot values for ! the following descriptions: Good mutton '34s 9d per cwt, good beef 32a 3d per cwt, mixed 5Qs ner cwt. . The market is dull. Wheat. —We have sold a New Zealand parcel at 32s IJd c.i.f. The market is firm and crop reports are unfavourable. Market quiet but steady. The market prospects in India are not likely to improve at present. LIVE STOCK SALES UPPER HUTT. Dalgcty and Co., Ltd;, report having held their fortnightly sale at Upper Hutt yesterday. Sheep and cattle came forward well above advertised numbers, but competition. was not very keen.. This, no doubt, was due to the rough weather experienced in the last few days. Tnerc is a good inquiry for cows calving within the. next week, but very low are forthcoming. The bulk of the entry was quitted at the following prices:—Fat wethers 16s Sd to 16s 3d. two and four-tooth wethers 12s 9d, forward wethers 12s 7d, full-mouth ewes in lamb 9s, ram® 12s 6d to 21s, cows in milk £5 7s 6d, cows In calf £3 17s to £6, springing heifers £6 to £7 15s, store cows £2 16s to £3 ss. PALMERSTON NORTH. Dalgety and Co.. Ltd., report:' At the Palmerston sale yesterday there was a email entry of sheep and a medium entry .of cattle. Sheep sold at. late rates, quotations for cattle arc: Empty cows £2 9s 6ci. to £2 15s, backward dairy cows £4 15s, iS-month heifers £2 '9s 6d, 15-month steers £3, good mixed weaners 375, empty, heifers £2 IDs to £3 ss. . w Abraham and Williams, Ltd., report: At our Palmerston North sale on Thursday we had a good yarding of sheep and. cattle. Sheep sold well, but cattle were slacker than usual. Quotations: Sheep— Four-year ewes in lamb (poor) 7s 9d, others -9s to 9s 9d, hoggets 9s 9cl to 10s 6d, email' 2s 9d, empty awes 7s Btl. fat wethers 14s 6d. Cattle—Springing he.il era £4 las ip £5 ss, empty heifers £2 14s 6d to £2 2s fid, empty cows £2 10s to £3,. weaners 22s to 38s, fat heifers £5 to £5 0s 6d, 18-month hoi fens £2 13s 6d. ; CLEARING SALE AT AORANGI. Abraham and Williams, Ltd., Palmerston Worth, report: We held a very successful clearing sale for Mr O’CaJlaghan at the farm, Aorangi, on Wednesday last. The herd of 34 that was submitted was parti-, cuiarly choice, most of the beasts being well into the Jersey, and calving early. Prices ranged from £5 to £l4 6s, the whole herd realising the good average of £9 12s per head. The springing heifers made £lO per head. Pigs sold as follows: Boar 15s, sows 20s to 235, weaners 7s 6d to Bs. , PALMERSTON NORTH. The New Zealand Loan and Mercantile Agency Co., Ltd., Palmerston North, report:—During the week we have held gales at Raumai and Palmerston North, and clearance sales on account of Mr L. Neiteon and Mr P. Anderson, At Raumai we had a email entry of sheep and cattle. Hoggets were in strong demand and sold -wcil. At Palmerston North on Thursday we had a good entry of sheep and cattle. The market was inclined to drag, but a good clearance was effected. Mr NeiLson’s sal© was held on Monday, and -In spite of the rough weather, there was a good attendance. and a fair sal© resulted. Early culvers made from £6 to £lO ss. backward calvors £2 to £5 10b. cows in nulk £5 5s ta £7.156. tlie whole herd (including threetcaters and aged cowe) averaging £6 15s. Bulls realised £2 6s to £4 7s, weaner steers 27s 6d, weaner heifers 32s 6d. Mr P. Anderson s sale was held on Wednesday, and there was a good attendance. The cows sold well; the prices ranging from £6 to £l3 15s, and the herd averaged €9A light dray realised £6, discs £4, mower £4 2s 6d, and a drill £lO.

At the Raumai sale cull hoggets realised 4s Id, medium hoggets 7s &d to 93 sd, cwo hoggets 12s, store cows £3. At the Balmereton Jsorth sale quotations ■ware: Sheep—Aged, ewes 4s 2d, full-mouth ewes 7s 9d. Cattle—leaner steers 20s. wellgrown weaner steers 35s 6d to £2 2s, wcaner heifers (small) 28s t wcancr heifers (good) £2 4g, heifers £2 18s. store cows £2 10s to £5 Is, fat cows £o 6s, cows in calf £3 12s 6d. springing cows £7, springing heifers £4 12s 6d to £5 ss. WELLINGTON CUSTOMS. The Customs revenue received at Wellington yesterday totalled £10.279.