COMMERCE & MINING

New Zealand Times, Volume XXXIII, Issue 7979, 9 December 1911, Page 14

COMMERCE & MINING

THE SHAREMARKET WELLINGTON STOCK EXCHANGE TESTEEDAY’S QUOTATIONS. MINING. Bonanza—lo a.m., b2d A „ , Dominion (Karangahakc)—lo a.m., b 2a, s ZU: noon, b lid. s 2J. Kuvamii Caledonian —10 a.m., b Is Ba, s Is led; 3.15, b 1» Bd, s Is 9d. Moanalaiara —10 a-in., b 3d, a lid. Mountain King—lo a.m., b 3jd, Murray Creek—lo mm., b2s (prom). New Sylvia—lo a.m., bls 6d, sis 8d; noon, b Is 7d, s Is 9d; 3.15. b Is 7d. s Is a 2s noon, b Is lOd, s 2s Id. sales 2s (reported); 3.15, b la 9d, B 2s. Sa-ion—lo a.m. o Is 3d; noon, b Is 4d; Talisman Consolidated—lo a.m.. b£2 7a 5d a £2 8a 9d; noon, b £2 7s 3d, sales £2 8s (reported); 3.15. b £2 7s 9d. s £2 Ss 3d, sales £2 (is (2, reported). Waibl—lo a.m., b ,£3 16s 9d, s £2 IBs; noon. 1) £2 16s 9d, s £2 17s 6d; 3.18, b £2 16s 9d, s £2 17s 3d, sales £2 17b, £2 17s 3d (reported). , . , „ AA'alhi Grand Jnnetion—lo a.m., b£l Cs 9d, s £1 9s 6d; noon, s £1 9S 6d; 3.15, b £1 8s 9d. s J6l 93 3d AVaiotabi—lo a.m., bss 2d; noon, bss 2d; 3 15. b 5a 2d. s 5a 4d AVaHangi Consolidated N.L.—ID a.m.. s 3s; noon s 2s lid; 3.15, b 2s 9d, s 3s. Note.—The letter "b” signifies buyers and ”s” sellers.

INVESTMENT STOCK. Bayers. Sellers. Sales. £ b. d. £ b. d. £ e. d.

FINANCIAL— Equitabl© Building 00., Ltd. if, 9 15 0 *“• Metropolitan Permanent* £lO ... 12 7 0 N.Z. andß Plat© Land, Ltd ... 2 0 0 2 1 0 Wel'n. Invest T.A.

C 0.," Ltd. ... 0 11 6 Wel'n Trust Loan, Ltd 7 11 0■Wel'n Deposit and Mortgage Ass'n 0 6 0 0 8 0 GAS— Christchurch, £5... 9 10 0 *■* Gisborne Palmerston North 9 10 0 Wellington. £10... 18 7 6 Wel'n. £6 (prem.)... *- 3 0 0 Wellington, prof. 0 3 0 0 3 6 MEAT PRESERVING— • Christchurch Meat C 0.... , 14-17 6 Well In g’n Moat Bx* port. 45* ... ... Welling'n Meat Export, £2 123 6d MANUFACTURING— Welllng.’n Wool'll, ordinary... 3 18 0 Welllng’n WoOl'd, preference ... — 1 3 0 0 COAL— Hikurangi 1 0 0 . Taupirl 1 0 3 1 0 9 Westport 1 7 0 1 79 - • 'XTMUBR— Loyland O’Brien 18 6 Parker Lamb ... Taringamuiu Saw. mills, Ltd. ... miscellaneous— Banks/C. M., Ltd Crown Brewery ... 1 17 0 *“ Golden Bay Cement Co, ... 1 2 0 1 2 9 —. N.Z. Consolidated Dental Co. ... N.Z. Drug Co, Ltd, -£2290 2 9 9 ■ ■ N.Z. Paper Mills 10 0 Sharland and Co., Ltd.# ordinary Sharland and Co.. Ltd , preference AVard and Go, Ltd. 5 5 0 ON OTHER EXCHANGES. . PRESS ASSOCIATION. AtJOKLAND, December 3. Business done at the morning call of tho Auckland Stock Exchange included:— Occidental, Is lOd to 2s Id. Waiotahl, 5s 4d. Crown, 2s Bd. TaJ/einail, 47s 9d. AVilsou’s Cement (pref.), ‘4ls. \ Kuranui, 4d. Afternoon call:— Occidental Consolidated, Is lOd. Hauraki Beefs icontrib.), Is. AVaihi,'s7s. Waihi Grand Junction, 20b. New Sylvia, Is 7d. Now ,Wdltata, 9cl. Bremher's, 2d. AVaiotahi, 5b 2d. Kuranui Caledonian, Is 9d. DUNEDIN, December 8. Sales reported Waihi Grand Junction, £1 9s 2d, £1 9s 3d, £1 9s lid. LONDON SHAKE QUOTATIONS. By Telegraph—Press Association—Copyright LONDON, December 7. Shtiromarket quotations include s—Waihi, 57s 6d (buyers) and 60s (sellers); Grand Junction, 29a 6d and 3Ds 6d, DREDGING RETURNS. PRESS ASSOCIATION. DUNEDIN. December 8. Tho following are ; dredging returns for the week:—Electric No. L 77qz Bdwt Manuherlkia 31oe, Kuranui 270 z 12dwt, Hartley and Riley 230 z, Mastortoa 17oz 4dwt, Koputai 16oz 4dwt, Mystery Flat 15oz 2dwt, vVaikala l2oz 16dwt. Messrs Gibhs, Bright and Co., Melbourne agents, have received a cable from the Sulphide Corporation, Limited. London, that the annual meeting will bo hold on December 20th. Directors will recommend at annual meeting a dividend of three shillings per share on preference shares and two shillings and threepence pear fehare on ordinary shares less English income tax at the rate of ono eluding and twopence in the £l, payable on December 30th. The Rappahannock rush at - Murchison 1b causing a big inflow of men to that district, and fully one hundred men will bo required to bring In water to tho terraces there by means of a race ton miles long, tenders , for. which are' now being called. Tho owners years ago actually attempted to make this, but owing to want of capital they found tho undertaking too large, and It has now been floated into a small company known as the Thompson Maruia Hydraulic Sluicing Company, Ltd. The ground is ideal for sluicing, and it is stated that gold can bo got In every dish; tho terraces are 350 feet higher than the river, and the stones are round and water-worn. No • timber exists on tho surface, and the river is a proclaimed sludge channel,. so no practical men need bo idle a minute, as big wages are paid, and tho tenders for race-making in half-mil© sections close shortly. Mr C. 8. Beilby, tho woll-known mining engineer, is in charge of the operations of tho company. The directors principally consist of well-known AVollington business men.

FINANCIAL CABLES

BANK OP ENGLAND RETURN. Br Telegraph—Pres* ABBOclation—Copyright (Received December 8, 8.35 'p.nu) X/OXDON, December 8. The Bank of England return for tho week ended "Wednesday, December 6lh, is as under" leici D*pAfcTM*irr. Note lime £54,020,000 Got. debt. 411,016,000 Olb*r •eeart’ tie* .. 7,434.000 Sold.. .. 30,171,000 454.020,000 454,620,000 Bax kin a Dx?AamsKT. proprietor*’ Got. leeorieftplUil 414.533,000 ties .. 414,437,000 Pablic cU* Otbe r ««• petite .. 11,454,000 curhles .. 27,481^,000 Other £•- Note* 25,822 000 pociti .. 33,547,000 CeU M 930,000 Rest 7-Aay tndother bill* .. 3.130.000 458.684.0 W * jeG^CS4.OOO The leading items -of the Bank o2 Eng-

land return afford the following comparisons ; This week. Last week. Last year. Bullion ...... 36.171.000 36.309.000 34.350,000 Reserve ... 26.758.000 27,uv0,000 25,885.000 Note circ'ln 28,798.000 2S,icdi.oOo 28.203.00C' Deposits ... 51.001.000 52,747,000 51,145,000 Proportion of reserve to liabilities 52-45 51.32 60.58 CONSOLS AND AUSTRALASIAN STOCKS. Current quotations for Consols and auttraloeian Government stocks, compared with those of last week, and the corrceponding period of last year, are: Stock. This week Laitweek yjjj ” ~£ s. d. £ a. d. £ g. d. ‘71% Imperial Consols 76 17 6 78 2 6 .79 0 0 4 % New Zealand 1 * .. 105 0 0 105 0 0 103 10 0 S*% New Zealand! -. 90 10 0 98 0 0 95 0 0 8 % New Zealand* .. 86 10 0 86 10 0 B 5 0 0 ; i% New South Walea 105 0 0 100 10 0 104 0 0 Sn% Sew »ioath Wale* 99 0 0 09 0 0 98 0 0 8% New South Walts 87 2 6 87 2 6 85 10 0 4 % Viatoria .. .. 161 10 0 103 0 0 101 5 0 04% Vioteria .. .. 97 0 0 68 0 0 98 10 0 8% Victoria .. .. 84 10 0 86 0 0 81 0 0 84% hoatta Avatralla 68 10 0 98 10 0 98 15 0 s % South Australia 82 0 0 82 0 0 83 10 0 4 % Queensland .. 103 10 0 103 10 0 101 10 0 Bi%Queensland ..63 H O 98 0 0 96 0 0 3 % Queensland .. 86 0 0 86 0 0 83 0 0 54% M ««t Australia.. 95 10 0 95 10 0 96 0 0 8 % West Australia 8(3 0 0 86 0 0 86 10 0 ni%Taamania .. 90 10 0 98 0 0 97 10 0 5% Tasmania .... 85 0 0 80 0 0 85 10 0 <lnierast payable in May and November, {interest payable in January and July (interest payable la April and October THE MONEY MARKET. Tho Bank of England discount rate remains at 4 per cent.* to which It • was raised on September 22nd. A year ago it was 4J per cent. Til© open market discount rate for best three-month bills is 3s 9d higher on tho week at 33 per cent. At this time Inst 3'car it was 3J. Short loans are. unchanged at 3 per l cent. Last year at the corresponding time they wore open market discoilnt rate in Paris la 2s 6d lower at 3J per cent. At this time last year* it was 2\. The Berlin rate is 2s 6d higher at 44 per cent. At the corresponding time last year it was 43. GENERAL MARKET CABLES By Telegraph—Press AEeociatlon—OopyrlgK < LONDON, December ?. A U BTRALIAN WHEAT CARGOES. Two cargoes of Australian wheat so'd at 35s 6d, and another at 365. PRICE OP SILVER. Bar silver is quoted at 25 9-16 d per ounce standard. Daigoty and Co., Ltd,, have received the following from their London office, dated December 7th: —Frozen Meat—Market is quiet. Mutton dnd lamb are unchanged. Beef is id per lb higher since our last cable. Tallow—Since our last cable prices are 5d per owt lower, and there is more disposition on the part of buyera to do business at tho decUno. AMERICAN WHEAT SUPPLY. By Telegraph—Pres, Annotation—Copyright LONDON, December 7. The. American visible supply of wheat and flour east of the Rocky Mountains is estimated by 11 Bradstreet S” at the equivalent of 107,163,000 bushels Of wheat, compared with ; 166,989,000 bushels last week, and 78,814,000 bushels 1 at the corresponding period of last year. LATEST LONDON ADVICES. By Telegraph—Press Association—Copyright (Received December 8, 8,35 ptm,) LONDON. December 8. 1 THE.WHEAT MARKET. The wheat market is firm, on reports Of ; showery weather 'ln Argentina. Thirty-six shillings •to 36s 6d per quarter is asked for Souttt Australian loading, 36s fori three ports. January-Fefbruary shipments, 35s’ 9d for Victorian and South Ans- . Italian off coast cargoes. Thirty-five shillings and sixpence has been bid for New . Eolith Wales August shipment, and 35s tor parcels of three ports December shipment. There is a better inquiry lor Australian South Wales August Shipment, and 35s paid for parcels of three porta December shipment. There is a better Inquiry for Australian on. tho spot at 3756 d. The market for flour is firm. . - : ; ■ OATS. Oats are steady. La Plata December shipment 16s 3d. BUTTER AND CHEESE. The butter market is slightly, easier owing to the fact that nearly 80.000 cases of Australian and Now Zealand arrived during the week. There is a good demand for choicest Australian, salted and unsalled at 126 s to 128 s per owt 1 (a drop of 2s to 4s), ■ secondary qualities 120 a to 1245, choicest New Zealand 128 s to 130 s, Argentine 126 e to 128 a (a drop of 2s to 4s). . The market for cheese is firm, Now Zealand is quoted at 6Ss to 69s per -owt. SUGAR. German beetroot sugar, 88 per cent, net litre, is 2d lower on the week at 16s Id per oent; first marks are 8a higher at 18s. BRADFORD WOOL MARKET. The Bradford wool market is inactive. Quotations:—64s, 251 d per •lb (Id rise); super, Z4jd (id rise); common 60s, Mid (la rise): 56’s, 21d (id nBo)) 50’H,16d id rise); 46’s, 141 d (id rise): 40 B. 131 d (Id rise). PRICES OF METALS. The quotation for copper on the spot is 16a lower on tho week at £53 6s 3d per ton; at three months it is 13s Iqwqr at £s9’ls 3d. , ... .... Tin on tho spot. Is quoted at £204 per ton a drop of 10s on tho week; at three months at £192 ss. a drop, of, 15s. , ■ Lead, best soft foreign is unchanged at of spelter is unchanged at £27 Fe pigdron.—Middlesbro No. 5 is 3d higher at 46a per ton. 1 FRUIT AND PRODUCE WELLINGTON MARKETS. The usual daily supplies of locallygrown fruits have been added to during the close of this week -by the arrival of shipments of Californian apples and oranges, together with --a, moderate quantity of Cook Island bananas and a few cases of pineapples. The oranges Irom America wore the first available this season, and arrived with the apples in excellent condition. They are now in course of realisation;, and owing to tho general dearth of this fruit are having keen attention at the sales. Buyers boar in mind that this load may be the last to arrive here before Christmas, and consequently they will have to cater lor their anticipated requirements ■accordingly. The same remarks apply to apples. What few Sydney oranges were available at Thursday’s auctions facedia good demand, realising up to 14s for gin oases, whilst lemons in bushel packages sold, as high as 10s 6d. Summer fruits in , the shape of dark plums, peaches and apricots were also available from the same source, together with watermelons, all of which were keenly sought after by buyers. Only email, lots ot plums have been marketed from local orchards so far, and not any peaches or apricots, consequently we are depending on New South Wales for these varieties of fruit, and this will. bo the case for a week or two yet. Tho bananas from tho Cook Islands are now m course of sale, and the market being bare are selling particularly well. Local lemons have again been in strong demand, and are likely to remain so for some while. Apples, choice dessert 16s to 17s. case, prime 13s bd to 15s; dark plums, 5s 6d to 6s 6d half-case; cherry plums, 6a to 6s halt-case; strawberries, choice Is Id to Is 4d box, prime 9d to la; cherries, choice dessert local, 7d to 9d Ib, prime Sd to 6d. cooking 3d to 5d lb; lemons, choice locals 7b to-8a case; red currants, 6e to 6s 6d half case. POTATOES AND ONIONS.

The present state of the local market for now potatoes is in marked contrast to the position a few days back, when supplies were fully ample, if not in excess of, immediate requirements. At tho present time the market is practically bare, very few hartng arrived from the Auckland province during: the past day or two. No doubt wet weather hoe been responsible for this surcease in the supply. The result has been that what' small quantities were at hand yesterday moraine from* supplying districts nearer at hand, have faced a much improved market, values having advanced from 2a to 5a cwt. la con-

sequence of the scarcity of new potatoes old have come more into prominence, hut as tho demand has been taken off there lately and placed on new there arc w i few of these’ about. Only a small ship , ment ot onions came forward Irom Mot bourn© yesterday, and as tbo vft entirely bare early in tho. weok ?n, tlie^. iotit gone into quick distribution,. The present quotation lor now potatoes ifl t* 6d cwt. according to sample. j nicnor eomewliat lower. Old potatoes £2 10s to £3 per ton; onions, £l3 to £l4 por ton. OTHER LINES. The market continues particularly strong for cauliflowers, cabbages, marrows, pumpkins, swedes and French beans. In consequence of the scarcity of these linos hiuh rales a-ro prevailing. , Cauliflowers, choice 7s fid to 93 6*l prlm© 6s to 7s: cabbages, choice 7t 6d to 8s 6d, prime 5s \o 6b; cucumbers.. 4s toi M dozen; tomatoes, choice 7d to prime 5d to 6d; French beans, 5d to paragus, 4s to 7s dozen bundles; rnuoarij, 4s to 6s dozen bundles; swedes,. 50s to ton; turnips. 2s 6d to 3s 6d sack; marrows, 9s to 11s sack: pumpkins, 8s to 10s sacs, Eeetroot, 3s 6d to 4s fid eack; iiarsnips, 64 6d to 7b sack; cucumbers, 3s to os dozen. EGGSA stronger tone ib prevailing In egg market, suppiie* not arriving 60 4 H lately; present Valdes range from lid to Hid. per dozem POUI/TRT. An. increasing demand Is being faced* and as Christmas draws near it will .bo necessary for much larger supplies to coma forward. Holders would bo best studying their interests to commence to quit tnoit birds early, instead of availing until just on the holidays. . . - Hens, prime birds 3s 6d to 4s pair, fair 2s 6d to 3s; roosters, prime, young 4s M 16 ss, fair 3s to 4s; ducks, 4s fid to 6s pair; gees©, 6s to 8s pair. Turkeys aro now being inquired for, but practically none aro offering; in fact fho scarcity is particularly noticeable ibis season. Laery and Co., Ltd., "Wellington, report wholesale prices ruling oh the market as under:—Wheat, good whole fowls 4s 5d tc 4s fid bushel; oats, good feed 3s 7d to 3s 8d; oats. seed white, 3s 9dj ryo corn, 3a ICd; maize, 4s; fowls > barley. 3s 3d; Capo, 3s .fid; crushed malt, 7s 6d: partridge peas. 4s oa to 4s 9dj pollard, £6 2s 6d to £6 7s 6d por ton; bran, £6 ss; flour. Atlas, £9 5a bdj chaff, oaten sheaf £6 to £6 10s, sacks in; rice flour, £5 15s per ton; potatoes, table, £2 to £2 10s per ton; potatoes, new 6s to 9s owt; basic slag, £4 oi to £4 10s; superphosphates, £4 15a to £5? oatmeal* £l4 10s; rolled oats in 4’B» 9s 5d dozen; cheeeo, medium-sized 6id por lb, loaf 7d per lb; butter, prime bulk, lOd co lid; fresh eggs, lid por dozen; honey, 66’s bright 4d lb; linseed nuts. 13s per owt; linseed cake, crushed 13s 6d per cwt; bacon, sides bid per lb; bacon, rolls 9*d per lb; llama, 9d per lb; fowls, nens • 3e to 4s, young roosters 3s 6d to ss; ducks, 4s 6d to sa, all at per pair; turkeys, gol> biers 8d to 9d per Ib live weight, hens 6a to 7<L LIVE STOCK SALES EKETAHUNA. Dadgoty and C 0.,. Ltd,, report; At Eko talinna on Friday wo had a fair j-arding of sheep and oattlo, which mot with a dragging sale. However, wo managod to qait our whole yarding privately. Bhoop— Four-tooth, to f.m. owes and lambs roallsod 17s lid, good wothor hoggets 14a to 14s 3d, good owo hoggota 11s 9d to 12s lid, poorer Sorts .99 9d to 10s, good foar-tooth ( wethers 13s. Oattlo— I Two-ycax stoers realised £2 15s to £4 83. empty: hollers £3, 16a, cows and calves £4 4a. yearlings £2 to £2 7b 6d. hulls £3 10s to £6 6a. LEVIN. Abraham and Williams, Ltd., report at Levin on Friday wo had a good yarding ot sheep, and an exceptionally heavy yarding Of cattle. Sheep sold fnHy at late rates, bat oattlo were Inclined to drag, i Wo managed to quit, the hulk of the entry at satisfactory prices, bheop— EwoS and lambs, good, realised 26a 9d, medium • 18s, . hoggets 15# 4d to 15a 6d, empty ewes 14s, fat ewes 12s Sd, Btoro ewes 5a 3d to 11a, small hoggets 10s 7d. Onttlo-FOur-yeat bulloeks roollsod £5. 14a to £6 3S, throe-year, buUooka £5 9s 6d, two-year steers £3 8s 6d, yearling rtpere £2 7s, yearling empty heifers (well bred) £2 17s to £2 b lßs 6d, dairy heifers £2 15a 6d to £4 16s, fat oows £8 to £5 15s, forward cows £4 la to £4 10a, store cows £2 10s to £3 ss, weanbrs 20s to. 365, bulls.£2 10s to £3 6s, Tho Now Zealand toan and Moreantllo Agency Co., Ltd., report: At Levin on Friday wo had a fair yarding of cattle. Tho sale was of a, dragging , nature throughout. Store bullocks realised to £5 18s, store cows £5 10s to £4, two-yonr-old steors £3 10a to £3 16s, dairy cows to £6, woanor calves up to 265.

Dalgoty and Co., Ltd., report:—At Levin wo had a very full yarding of sheep and cattle, which were offered to a full. attendance of buyers. Bidding was spirted throughout, and stock sold well UP to Into rates. Sheep.—Fat ewes realised 10s lOd, 118 6d, 4-tooth wethers 12s 6d, Z-tooth wethers 11s 9d. 11s 7d, empty woolly ewes 13s 5d 14s Cattle.—Fat bullocks realised £6 10s, fat oows £s'7s'6d, £5 12s 6d, Zi-year steers £4 7s 6d, steers £3 Bs. yearling steers £2 15s, £2 18s 6d', yearling heifers £3, £3 ■7b 6d. wearer heifers 28s, 31s, weaner steers 275, 28s, empty heifers £2 IBs Gd, £3, £3 ss, springing ■ heifers £4 12s 6d, oows in milk £4. springing cows £6, forward cows £4, £4 Is. bulls £2, £2 15s, £3 ss. £5 14a 6d. WBLLLINGTON CUSTOMS. The Customs revenue received at Wei’ lington yesterday totalled £llß7.