COMMERCE AND MINING

New Zealand Times, Volume XXXVI, Issue 8122, 16 May 1912, Page 5

COMMERCE AND MINING

WELLINGTON STOCK EXCHANGE,

TESTEEDATS QUOTATIONS. MINING. New Sylvia—ll.3o a.m., b Is 3d, s Is sd; 3.15 p.m., b Is sd. s Is sd. Progress—3.ls p.m,, s 8s 9d. Boss Eeconstructed—ll.3o a.m., b 4s 9d, a ss; 3.15 p.m.. b ss. a 5s 4d. Talisman Consolidated—ll.3o a.m.. b £2 2s. S £2 3s 3d; 3.15 p.m.. b £2 2s 3d, s £2 2s 9d. IVaihi—ll.so a.m., b £1 16s. s £1 16s 6d; 3.15_ p.m.. b £1 16s 6d. a £1 16s 9d. Waibi Beefs Consolidated—3.ls p.m., b Is 3d. Waibi Grand Junction—ll.3o a.ni. t b £1 Is 6d. s £1 2s; 3.15 p.m.. b £1 Is 9d. Waitangi Consolidated K.L. —11.30 a.m., b Is Id, s Is 3d; 3.15 p.m.. b Is Id. s Is 3d. sales Is 2d (reported). Worksop Dredge—ll.3o a.m., s £3 7s 6d. INVESTMENT STOCK Bayers. Scllcre. Sales. £ fi. d. £ s, d, £ 9. d. Banks— N—'onal of N.Z.. Ltd —.6 2 6 ? INaNOIAL— Wel’n Trust Loan. Ltd 7 12 0 GAP— Christchurch, £5 Wellington, £lO IS 7 6 18 5 0* HEAT PRESEEVIIfOChristchurch Meat Co 15 2 6 WeTn Meat Export, £2 12s 6d SHIPPING— Union Steamship (ex) 2 11 0 212 6 —. COAIr— Tanpirl 113 •1 jubbe— Leyland O'Brien c ■ gamma Saw. mills Ltd. ... 2 7 0 2 8 6 J 1 81 ELIiANBOO*-. Golden Bay Cement Co Manning and Co., Ltd Sharland and Co., Ltd., ordinary 1 3 3 1 3 0* Auckland Trams, ord 1 4 0 1 5 0 Taranaki Petro- j loam, £1 paid... ♦Reported. QUOTATIONS ELSEWHERE. PRESS ASSOCIATION. AUCKLAND, May 15. Sales at this morning’s call on the Stock Exchange: Occidental Consolidated, Is 4d. Waitangi Consolidated, la 3d. Boss Goldfields, 6a. Ned Zealand Grown, 2s 7d. 2s 6d. Talisman Consolidated, 42s 9d. Waibi, 36s 6d. Waihi Beefs Consolidated, Is 3d. Waibi Grand, Junction, 21s 9d. Afternoon call: Waiotabi, 2s Bd. Talisman Consolidated, 42s 6d. Waibi, 36s fid. Waibi Reefs Consolidated, is 3d. Waibi Grand Junction, 225. Occidental Consolidated, Is 3d. CHRISTCHURCH, May 15. Stock Exchange sales reported; Roes Goldfields, ss, 5a 4d. Waibi Grand Junction, 22s 6d, 22s lOd. New Zealand Insurance, 935. Christchurch Meat, Co., £l4. DUNEDIN, May 15. Stook Exchange sales reported; Waibi Grand Junction, 22s 3d, 22s 3d, 225. Bank of Now Zealand, £ll 2s. WAITANGI DEVELOPMENT. SPECIAL TO THE “TIMES." AUCKLAND, May 15. In tlie Waitangi mine, Thames, at the beach ..level, the main drive has now been extended 3365 feet. The reef in the face is over 7 feet wide, and is very heavily mineralised. It has improved in appearance, and a few colours of face gold were seen during the week. There is still a good class of country showing in both walla. The rise has been put up a total height of 55 feet, and is still going through a favourable class of country. E. W. B. Hornabrook, 153, Feathcrston Street, Wellington, member Stock Exchange. Specialising in Mining Scrip. Trustworthy Correspondence from all Mining Centres. Telegraphic address: "Hornabrook. Wellington." • •. I LONDON MARKETS' HIGH COMMISSIONER'S REPORT. The Department of Agriculture has v received the following cablegram from the High Commissioner, dated London, May 14th. (Note. —Quotations, unless otherwise specified, are average market prices on spot): Eggs.—The market is weaker and slightly lower. A moderate business has been done, especially in cheaper grades. Prices per 120: Home 8s 6d to 9s 3d, Italian Bs to 9s 3d, Austrian 6s 6d to 7s 9d, French 9s 3d to 10a fid, Moroccan 5s 6d to 6s. Do. nish 7s 6d to 9s 6d, Russian 6s 6d to 7a. Poultry.—The market is firm with improved demand, especially for best quality. Chickens: Home Is to Is 3d per lb, Russian 9d to lOd, American 9d to lid. Ducklings: Home la per lb, Chinese 6d. Turkeys: French lOd to lid per lb, Italian 9W to lOd. Bacon. —The market is firm, but demand only moderate. Boyers are holding back on account of the high prices. Sides: Irish 67s to 75s per cwt, Danish 65s to 75a, Canadian 65a to 725. Swedish 68s to 735, Russian 56s to 675.

Hams.—The market is firm and a good demand continues. Irish 90s to 108 s per cwt, English 88s to 102 s, American 61s to 68b, Canadian 70s to 765.

OTHER ADVICES. By Telegraph—Press Association—Copyright. LONDON. May 14. PEIOB OP SILVER. Bar silver is quoted at 27 15-16 d per ounce standard. (Deceived May 15, 9.15 p.m.) LONDON, May 15. , OTHEE METALS. Copper.—On the spot, £72 5s per ton; at three months, £72 IBs 9d; electrolytic, £74 15s. Tin.—On the spot, £212 5s per ton; at throe months. £2OB. Lead. —Imports during last month totalled 26,081 tons; exports, 4436 tons. LONDON FINANCIAL CABLES. By Telegraph—Press Association—Copyright. LONDON. May 14. BANK AND AUSTRALASIAN STOCKS. Bank of Australasia (£4O paid), unchanged at buyers £ll6. sellers £llß. Bank of New South Wales (£2O paid), unchanged at buyers £43 10s, sellers £44 IDs, Union Bank of Australia (£25 paid), IQs higher at buyers £6l, sellers £62. Bank of Victoria (ordinary, £5 paid), unchanged at buyers £4 ss, sellers £4 15s. National Bank of Australasia (ordinary, £5 paid), unchanged at buyers £6 7s 6d. sellers £5 12s 6d. National Bank of New Zealand (£2 10s paid), unchanged at buyers £5 15s. sellers £6. Bank of New Zealand (£3 10s paid), unchanged at buyers £lO 103, sellers £ll 10s. Daigety and Co., Ltd. (£5 paia), unchanged at buyers £5 10s, sellers £6. Middle Prices. Bank of New Zealand 4 per cent. guaranteed stock, unchanged 100 New Zealand Loan and Mercantile Agency Co., 4 per coni, prior lien deoeature stock, unchanged S 8 City of Melbourne 4 per cent, debentures, 20s lower 99 Melbourne Harbour Trust 4 per cent. bonds, unchanged 101 Melbourne Tramway Trust 4} per cent. debentures, unchanged 101 Melbourne and Metropolitan B,ard of Works 4 per cent, debentures, unchanged 100 REUTER’S TELEGRAM COMPANY. LIMITED. At the annual meeting of shareholders in Beater's Telegram Company. Ltd., held in

London last week, the directors reported that the profit earned by the company lor 1911 was £35,473. A balance dividend of 4s per share (at the rate of 5 per cent, pet annum) was declared, •'together wxtn a bonus of 8s per share. This, in conjunction with » capitalised bonus of £2 net share distributed in April. 1912. whereby the £8 shares were converted into shares, makes up a total distribution lor 1811 of 35 per cent, on the old capital or £■94 7io which was increased recently to £5:6.0D0. The company’s reserve fund* now stand at £152.521,

FECIT AND PRODUCE WELLINGTON MARKETS. Excellent prices still continue to rule in the local fruit markets for apples 841“ pears, particularly the latter «p far as the more popular dessert and etewmg varieties are concerned. In fact, lu. view or tno small supplies of other fruits which ary coming to hand, it is only natural that there should bo a greater inquiry, for ffuon popular lines as pours and apples* Tbe rates at present ruling for these two luieA cannot hut be found satisfactory by snip* pers. and tho.se with heavy stocks should commence unloading supplies, if they nave not the facility for storing until late'in the year. The Sydney steamer will prop* ably bring across to-day a small Quantity of New South. Wales lemons; the Quantity of locally-grown coming down from Auch* land Is such that the market is absolutely in a state of dearth, and oversea sappliej will be eagerlv anticipated. Passion fruit from the north is in better demand, and values have advanced correspondingly. Tomatoes are maintaining a good demand, but a good proportion of the fruit showy signs of greenness. Persimmons and Quinces are selling particularly well, jvith supplier only moderate. _ Apples, oholco coloured dessert 8s to 9f case, prime 6s 6d to 7s 6d, cookers (prime largo) 4s to 5s case, good 3s to3s'6d; lemons, choice medium 12s to 14« ca f£* prime 8s to 10s; pears, choice dessert lot 6d to lls 6d ca.se, prime 9s to 10s; Quinces,. 4s to 5s case; persimmons,. 5s to 4a box i grapes, choice largo Is to Is 3d, prime 8d to lOd; passions, 3s 6d to 4fi to matoos, choice red 4s to 5s half-caaOr primo 5s to 3s 6d. POTATOES AND ONIONS.

The market daring the close of last week showed, signs of easing in some quarter* for potatoes; at the same time there ana many holders who will not reduce their ideas of value; tho market consequently, is in somewhat an unsettled condition, bnv the difference in the prices is not _ particularly large and indicates a position ol strength. Fairly largo supplies have ao cumulated lately, but these will soonbe worked off. Tho demand consistent with the generally satisfactory quality is good Onions are unchanged on tho week, and It would appear that before long it will be a question of importing supplies, as what stocks there are in tho Dominion which will keep after tho distinctly wet harvesting cannot last for the usual time required before importations are made. Potatoes prime sound £7 per ton, fair,£6 to £6 10s, onions £lO to £ll per ton. OTHER VEGETABLES. Cauliflowers, which have been ruling at high values lor some time past, have sine* the markets opened this week again ad. van cod, almost to tho extent of 60 per cent. Growers of this vegetable therefore will find the present time most opportune to unload supplies. Cucumbers and Swede* are maintaining a strong demand, with other lines fairly well Inquired for. Cauliflowers, choice lls to 13s sack, primq Bt to IDs; cabbages, choice Is to 2* sack, prim* fid; artichokes, 3s 6d to 4s half-sack; carrots, 3s to 3s 6d sack; marrows, 2s fid to 3* fid sock; pumpkins, 4s to 5* sack: turnip*. Is fid to 2s fid sack; lettuce, la fid to 2s fid case; swedes. 60s to 60s ton; cucumbers/3a fid to 4s fid half-case;, green peas, 9s to lls part saok; .French beans, fi* to.B* half-sack; spinach,.2s to 2s fid case; beetroot, 4s, to Ss sack.

EQQ9. The-local egg market does not show any chan go on recent prices. Values ruling at 2s Id for host-known brands, with other? at 2s; preserved are selling at le Jd. • LIVE STOCK SALES. ' AUCTIONEERS’ REPORTS. Abraham and Williams. Ltd. At Johnsonvillo yesterday we offered good yarding of sheep and cattle to a good attendance of buyer*. Prices were as follow: Prime heavy bollocks £lO 2« fid to £lO 7s fid, prime bullocks £9 7s fid. to £9 12s fid, lighter £8 15s to £9. voalere 3fie to £2b 3b, light 20s to. 21* fid, prime heavy wethers 19s Bd, good wethers 16e, extra prime heavy ewe* 16* 9d, prime heavy ewes 15s 3d to 15s 9d, lighter ISs to 13« , fid, prime lambs 12s 2d to 12s 7d, plair 10s 3d. ■ - • ’ WELLINGTON CUSTOMS. - The Customs revenue received at- Wellinf ton yesterday totalled £4170.