COMMERCE AND MINING

New Zealand Times, Volume XXXVI, Issue 8129, 24 May 1912, Page 5

COMMERCE AND MINING

WELLINGTON STOCK EXCHANGE. BALES YESTERDAY. Sales on ’Change and reported yesterday were as follows: INVESTMENT. 'Wellington Woollen (ord.), £3 10s (r). MIXING. Talisman, £2 2s 9d (r). £2 2a 3d (c). Talisman—3.ls p.m.. £2 2s (r). Waihi—3.ls p.m., £1 15s 3d (r). QUOTATIONS ELSEWHERE. PEESS ASSOCIATION. AUCKLAND, Hay 23. Sales at this morning’s call on the Stock Exchange: Boss Goldfields. 4s lid. New Zealand Crown. 2s 6d. Talisman Consolidated. 42s 3d. 4£s. Waihi. 35s 3d. 355. Waihi Grand Junction, 225, 21a 9d. Afternoon call: Waitangi Consolidated. Is Id. Waihi, 34s 3d, 345. Waihi Grand Junction. 21s 9d. DUNEDIN, May 23. Stock Exchange sales reported; Waihi Grand Junction. 22s Bd. Saxon, 7id. The following telegram was received yesterday by the Wellington Stock Exchange from the Old Haurakl Co.: "Crushed 30 tone quartz and 761 b picked stone for 162qz 17dwt melted gold." BUSINESS DULL ON AUCKLAND EXCHANGE. , SPECIAL TO THE "TIMES.” AUCKLAND, May 22. Business has been very dull on the Exchange for the last few days, which may be attributed to the effect of the strike at Waihi and fears that it may extend to other branches of the industry. Waihi shares sold down to 36s £d to-day. as there is a growing fear that a settlement of the trouble at -Waihi is not near at hand. Waihi Beefs Consolidated, which a week ago sold at Is 3d, are now offered at Is. with no buyers above 6d. Waihi Extended shares are offered at 7d, and the buying quotation is only 4d.: Waihi Grand Junctions keep steady at 22s 6d. and to-day 35s was offered for Waihi-Paproa Gold Extraction shares. Buyers have dropped out for Northern Coal shares, but Taupiris are still wanting at 21s 6d and Hikurangis at 18s. AUCKLAND MINING, NOTES. SPECIAL TO TUB “TIMES.” AUCKLAND, May 21., The following cable was sent to the London office of the Talisman Company yesterday: No. 13 level south, crosscutting west from the face of the drive—at 15 feet intersected a reef 3 feet wide, assay value £7 6e 3d. This is probably- a split from the main reef. Sinking No. 16 winze—progress ,18 feet, assays low. Driving north from No. 12 winze—progress 20 feet, reef 18 inches wide, assay value £4 2s 6d. Driving south from No. 12 winze—progress 14 feet, reef 48 inches wide, assay value £1 6s; Sunk Woodstock shaft 6 feet."' , WAITANGI. , The main drive on the reef in the Waitangi Mine, Thames, has now been extended 3387 feet. There' is about 5 feet of quartz showing in the face, which carries some nice minerals. The rise has been put up a further 15 feet, making the total height 70 feet. A. body of ore was cut at a height of 67 foet. There is about 5 feet ol quartz showing in the rise, and no sign of the hanging wall. The ore looks .well and carries nice mineral, but .is of low grade at present: As soon as the hanging wall of the reef is reached a survey will be made to determine whether this is the footwall branch or tho main reef. ,

E. W. B. Hornabrook. 153, Featherston Street. Wellington, member Stock Exchange. Specialising in Mining Scrip. Trustworthy Correspondence from all Mining Centres. Telegraphic address; "Hornabrook, Wellington." • MARKET CABLES. V By Telegraph—Press Association—Copyright. LONDON, May 22. VISIBLE AMERICAN WHEAT. The visible supply of American wheat and flour east of the Becky Mountains is estimated by “Bradstrcet’s’’ at the equivalent In wheat of 63,429.0X1 bushels, compared with 76,665,000 bushels a week ago. ■ and 44,062,000 bushels on May 24th. 1911. - (Received May 23, 11 p.m.) LONDON, May 23. AUSTRALIAN WHEAT SOLD. . An Australian wheat cargo has been, sold at .39* 9d per quarter. The N.Z. Loan and Mercantile Agency Co., Ltd- yesterday received the following cablegram from London: “Wheat. —We have sold an Australian cargo at 39s 9d per quarter, c.i.f. The buyers are holding off and there is very little demand. The outlook is discouraging. We quote per (matter c.i.f. New Zealand wheat lougberried 37s 6d, shortberried 375. Tallow.—Wo quote present spot values for the following descriptions—Good mutton 35s 9d per cwt. good beef 34s 9d, mixed 32s 3d. The market is firm." , ■ WELLINGTON CUSTOMS. 'The Customs revenue received at Wellington yesterday totalled £1214.