COMMERCE, MINING AND THE RURAL WORLD.

New Zealand Times, Volume XXXVI, Issue 8186, 30 July 1912, Page 8

COMMERCE, MINING AND THE RURAL WORLD.

WELLINGTON STOCK EXCHANGE. YESTERDAY'S QUOTATIONS. MINING. Kuranni Caledonian —3.15 p.m., s Is 4d. New Big: River —11.30 a.m.. b £4 9a. New Sylvia—ll.so a.m.. b 4d. s 6d; 3.15 a 6d. -Rosa Reconstructed—ll.3o a.m., b 5a 6d, s fis ICd; 3.15. a 5a 9d.

Talisman Consolidated —11.30 a.m.. b £1 19s 3d. s £2, sales £1 19s fid (reported); 3.15, b £1 19s. s £1 19s 9d. Wailii—ll.3o a.m., s £1 14s fid (cum.) IVaihi Grand Junction—ll.3o a.m.. b £.l Is Bd. s £1 2s, sales £1 Is 9d (reported); 3.15. b £1 Is fid. R £1 2s.

Waitangi Consolidated—ll.3o a.m.. b IOJd. a Is. sales lljd (reported): 3.15, b lid, a la Id.

INVESTMENT STOCK. Buyers. Sellers. Sales. £ a. d. £ s. d. £ s. d

financial— N.Z. Loan ami Mercantile ... 0 9 0 N.Z. and R. Plate ' Land, Ltd. ... 119 6 2 0 6 Wel’n Invest T. and A. Co., Ltd. 0 11 9 IVpl’n Trust Loan . Ltd 715 0 GAS— Christchurch, £5 812 6 Foilding 10 6 Wellington, pref. x 0 0 1 1 0 Manufacturing— Mosgicl Woollen Wehing’n Wool’n, ord 3 10 0 Welling’n WooTn prof. ... ... —2 18 3 Coal— Taupiri 1 2 6 1 3 0 Timber— Lcyland O’Brien Miscellaneous— Crown Brewery 113 9 Donaghy Rope and Twine Co. 14 9 Golden Bay Cement Co. ... Manning and Cd. Ltd QUOTATIONS ELSEWHERE. PRESS ASSOCIATION. AUCKLAND, July 29. Sales at this morning’s call on the Stock Exchange: Waiotahi, Is lOd. Is 9d. Waitangi Consolidated, lid. IOJd. . Waihi, 345. ' Waihi Grand Junction. 21s 9d. Waihi Paeroa, 375. Afternoon call: New Sylvia. 6d. Waitangi Consolidated, Hid (reported), Is Id. Is 2d. Is 3d. Ross Goldfields, 5s 6d. * Talisman Consolidated. 39s (reported), 39s 3d. Waihi Grand Junction, 21s 9d. Now Waitala, Is Id and Is 2d (reported). Waihi, 345. Bonanza, lid. DUNEDIN, July 29. Stock Exchange sales; Talisman Consolidated, 39s 6d. Waihi, 34s 3d. Waitangi Consolidated, Is. lOd (reported). Waiotahi, Is 9d (reported). WEST COAST MINING. KEEFTON, July 29. The Pactolus dredge return is 19oz Idwt of- gold for 127 hours’ work. New Big River mine obtained 9730 z lOdwt of melted gold from 650 tons of ore crushed. and 950 z lOdwt from the cyanide pans; the total value of the bullion is approximately £4150. All the stone was got from No. 10 level, at a depth of 1200 feet. The St. George Gold Mining Company reports a '2ft reef of solid quartz rising from the floor of the level, gold being seen in the stone. At the Just in Time mine the reef has widened from 3ft to 4ft, and carries gold. THE WAIHI COMPANY. MINERS MUST REGISTER UNDER ARBITRATION ACT. LONDON, July 28. The directors of the Waihi Gold Mining Company, in a circular to the shareholders detailing the circumstances of the miners’ strike, state that it has been decided not to make a new agreement with the Miners’ Union until the union has been registered under the Arbitration Act, and that hence it is impossible to say how long It will bo before work Is resumed. Though paying a dividend of 2s in September. the directors point "out that a further distribution cannot be made until the strike ends. Even then, the subsequent effects are likely adversely to affect the dividends.

E. W. B. Hornabrook, 153, Featherston street, Wellington, member Stock Exchange. Specialising in Mining Scrip. Trustworthy Correspondence from all Mining Centres. Telegraphic address: "Hornabrook. Welilington. • » THE LONDON MARKETS. HIGH COMMISSIONEE’S REPORT. The Department of Agriculture has received the following cablegram from the High Commissioner, dated London, July 27th. (Note. —Quotations, unless otherwise specified, are average market prices on spot); General.—The strike is unsettled and deliveries are -still restricted. Mutton.—The market is quiet but rather steadier. No change in prices, viz; Canterbury 4Jd per lb. North Island 3Jd. Lamb.—The market is slightly weaker, with less demand. Holders are anxious to sell and supplies are increasing. Canterbury sgd to fijd per lb (according to quality),-bther than Canterbury s id to 5Jd. Beef.—The market Is weak and inactive. Supplies of Elver Plate are heavy. New Zealand hinds 4d per lb. fores 3jd. Butter.—The market is firm. There Is a better demand. New Zealand is firmly held in second hands. Choicest New Zealand .is 116 s per cwt. Australian 108 s. Siberian 106 s, Danish 1255.

Cheese.—The market is rather more active. Now Zealand white 65s fid per cwt, coloured 66s fid. ' Hemp.—The market is very firm, with a scarcity of best duality. Spot.* New Zealand good fair grad© £26 per ton, fair grade £2 4, fair (current .Manila £24. Forward shipment: July-September, at the same prices. The output from Manila for the week was 44,000 bales. "Wheat.—The market is dull; very Httlo business is doing Oats. —The market is quiet; prices slightly weaker. Peas.—The market Is steady, but demand only moderate. Beans.—The market is irregular and without business. New Zealand grain is not at present in store. Cocksfoot Seed.—The market is quiet. Buyers are not keen to do business. "Wool.—The market is firm. A good demand for all descriptions. OTHBE ADVICES. By Telegraph—Press Association—Copyright LONDON, July 28. BBEADSTUFFa FOB EUROPE. The quantities of wheat and flour afloat for the United Kingdom and the Continent of Europe on Saturday, a week ago. and at the corresponding time last year compare: This week. Last week. T'r ago. Ors. Qra. Ors. For U.K. 3.565,000 3.530,000 2.900.000 For Europe ... 1,705.000 1.950.000 1.465,000

5,270,000 5,480,000 4.365.000 Shipments from American Atlantic porta amount to 168,(XX) quarters, compared with 179.000 quarters a week ago. and 136.000 quarters a year ago. No Pacific Coast wheat was put afloat. The total quantity of wheat and flour shipped from all exporting countries during the past week ended July 27th was equivalent to 1,175,000 quarters of wheat, compared with 1.150.000 quarters in the previous week and 1,000,000 quarters a year

ago. The weekly totals include the following: Last wk. Pre. w’k. Y’r ago. Qrs. Qrs. Qrs. Argentina and Uruguay 290,000 252,000 134,000 Rurfck 225,000 175,000 320.CC0 Danube districts 89,000 55.000 100,000 India and Persia 326,000 371,000 182,000 Australasia 30.000 40,000 45,000 BOOM IN TIN. Tin closed yesterday at £202 10s per ton for spot and £199 15s forward delivery. The rise is due to the announcement that the Holland bi-monthly sales for 1913 are to be reduced to three hundred tons. FROZEN MEAT MARKET. The Incorporated Society of Meat Im> porters’ Smithfleld market quotations for the undermentioned classes of frozen meat are based on actual sales of not less than oue hundred carcases of mutton or lamb or twenty-five quarters of beef of fair average quality. The quotations are not for selected lines, but for parcels fairly representative of the bulk of the shipment* now on the market. The prices which fol•ow are on tiie average a farthing per lb more than the values ex ship, this difference representing an average cost in expense, handling, conveyance and selling Uio meat.

IJETIBW OF DAIRY PRODUCE TRADE. LONDON, July 23. W. Weddcl and Co.. Ltd., in their annual review of the dairy produce trade, state that wider application of the pasteurisation system in New Zealand has . resulted in an ’ all-round improvement, particularly with regard to. the texture and keeping properties of the butter* the flavour of "cowiness” being largely reduced and the fishiness now practically absent. New Zealand makers should, the firm thinks, erect dual plants—butter and cheese—in view of the possibility of Canada ceasing to export cheese in the not distant future. Messrs Weddell estimate that prices for Australian and Now Zealand butter and oheese next season. will be much below those of last season, but above the average of the preceding four years. LIVE STOCK SALES. AUCTIONEERS’ REPORTS. Dalgety and Co., Ltd. W© held a clearing sale, in conjunction with the New Zealand Loan and Mercantile Agency Co., Ltd., on account of Mr P. R. Hcslop. Waverley, on July 22nd. There was a good attendance of buyers. and the sale was the most successful yet held in the district, the cows all coming forward in first-class condition, and meeting with a ready demand. The average price realised was £9 7s 6d per head. At Wanganui on Wednesday we had a good yarding of sheep and a fair entry ol cattle. Owing to the very rough weather jpst previous to and during the sale, the stock was not looking at its best, but the attendance of buyers was good notwithstanding. Wo quote:—Good 2 and 4-tootb owes in lamb 15s 6d to 16s, others 12s 3d to 13s Bd, calls 4s Id. ewe hoggets 13s 9d, wether hoggets 13s sd. Jersey weaners £3, good dairy cows £9. THE WOOL SALES. LONDON. July 23. At the wool sales yesterday there was a moderate selection. Prices for all sorts were firm and unchanged. The folowing are the prices realised for the fleece portions of the clips named; "Piripiri,” top prioo 104 d, average 9d; ’-Scaforth, ” lid and 94d; "Moawhango,” lljd and ICJd. To date 209:049 bales have been offered and 183,330 sold. FRUIT AND PRODUCE WELLINGTON MARKETS.

Despite the weather, daring the past fortnight the demand in the local market, with the exception of for apples, has been particularly strong; as a matter of fact beyond one or two shipments of pears there have not been, in addition to apples, any other descriptions of locally-grown fruits available. This dearth has not made itself felt, however, for apples, but supplies of citrus fruits from Australia on Thursday, although the quantity was larger than usual, faced an excellent market. Mandarins particularly were in heavy demand. Only a small quantity of Seville (jam) oranges came forward, and as a result extreme rates prevailed for this fruit. There is an Inquiry for locally-grown lemons and passions, - hut not any are arriving at the moment. Transhipments oi Cook Island oranges and bananas are due to arrive here on Tuesday next, if transhipment is made in good time to the steamer leaving Auckland to-day. Apples, choice .dessert 7s 6d to & case, prime 5s fid to 6s 6d; pears, choice locals 10s to 12s half-case, prime 7s to 9s; stewing choice 6s to 7s case; lemons (locals). 5s to 6s case; passions, 4s to 5s box; Cape gooseberries, 5d to fid lb. POTATOES AND ONIONS.

The supplying markets in potatoes continue firm right throughout New Zealand, due principally to the heavy export to Sydney, and also to the wet weather interfering (with transit operations. One advice states that for August delivery £7 per ton f.o.b. has been paid to Sydney. The future apparently is one of undoubted strength, especially in view of thq fact that the yie.ld this season is not a hqavy one. market may be said to be almost Hire of onions. Canterbury can offer only in small quantities; aa a matter of fact merchants would not be inclined to operate except in small parcels, on account of the inferior quality which has been showing for some time. Californian onions will be well looked for on their arrival next month, as stocks of southern-grown should be depleted by then. Prime potatoes rule at £6 ICs to £7 per ton, inferior at lower rates; onions £lO 10s to £ll 10s per ton. OTHBE VEGETABLES.

Most lines are in good supply, and generally a fair demand is existing. Cauliflowers are arriving more freely than was the case a week ago. - Cauliflowers, choice 7s to 8s sack, prime Ss to fist cabbages, choice 2s to 2s fid sack, others 1b to Is fid; parsnips, 3s 6d to 4s fid soft; carrots. 3s to 4s sack: swedes, 40s to 50s ton; lettuce, 2s to 3s case; turnips. Is fid to 2s fid sack; beetroot, 3s to 4s sack. EGGS,

The demand continues good with fair supplies coming to hand. Preserved are in generally keen inquiry at Is fid per dozen and fresh at Is 10d. POULTRY.

A very heavy demand continues to exist for all lines of poultry. Turkeys are now receiving a good measure of attention. Hens, good young 3s fid to As pair, fair 3s; roosters, good young 4s to As fid. fair 3a to 3s fid; ducks, 4s fid to fis pair; tnr-

koy«. gobblers 18s to 20s, hens 8s to, 10s pair. Messrs Laery and Co., Ltd., wholesale produce merchants, Allen street, report prices ruling on the Wellington market:—Fowls' wheat, best 4s 2d to 4s 4d per bushel; fowls’ barley, best is fid to is 9d per bushel; Cape barley seed, is 9d per bushel; oats, short feed 2s 8d to is per bnshel: oats, seed Algerians is 4d to is fid per bushel; oats. Duns 2s lOdto is per bushel; maize, 6s 4d per bushel: Prussian blue peas, fis 9d to 7s per bushel; partridge peas, is 9d to 4s per bushel; horse beans. 4s 2d to 4s 4d per bushel; sucrosene, £7 10s per ton; flour. Atlas brand £9 11s fid per ton; oatmeal, £l3 10s to £l4 per ton; pollard, £7 fis per ton: barloymeal. £7 5s per ton; peameal, £7 10s per ton; bran, £5 lie per ton; chaff, prime oatensheaf £5 6s to £slss; chaff, medium quality oatensheaf £4 5s to £4 15s per ton; chaff, straw. £i 16s per ton; straw, baled, £3 to £3 10s per ton; factory bacon, shoulders 8d per lb; sides, 9fd per lb; hams, 9Jd per Ibf rolls, lOid per lb; factory cheese, medium sized 7id per lb; factory cheese, loaf sized, 7|d per lb; honey, bulk, in 661 b tins 4Jd per lb; margarine, in 281 b tins Bid per ibwhole linseed, 18s per owt; linseed, ground 22s per cwt; linseed, coko 14s per cwt; linseed nuts, 13s fid per cwt; basic slag, £4 5s per ton; superphosphates, £4 10« to£s .per ton; rolled oats. 9sper doz: rolled -oats, bulk 16s per 100; potatoes, prime table £6los to £7 ton; seed potatoes, up-to-dales £6, Beauty of Hebron £9 10s, Early Eose £9 ICe, Gamekeepers £B, Enbicund £6 per ton. Early Puritan £B, White Elephant £7 Is. Early Vermont £9 10s; onions, prime £ll to £ll 10s per ton.

* July 20. July 2V. d. d. Canterbury. 'light .. 4 3-16 413-16 Canterbury, medium ... 4 33 Canterbury, heavy ... 3* 3 jA-16 Southland ... 33 33 North Island, best. ... 33 North Island, ordinary ... 311-16 3 11-16 New Zealand, owes ... 34 3i Australian, light .. 3 \ 3 k Australian, heavy 38 Australian, ewes .. 313-16 313-16 River Plate, light * Hirer Plate, heavy* .. 3» 3J River Plate, ewes .. 39 3j I.amb— Canterbury, light ... 64 64 Canterbury, medium ... .. 63 5J Canterbury, heavy • 63 Southland < .. 515-16 b 11-16 North Island, best * 6 11-16 North Island, ordinary ... 511-16 52 Australian, best .. 54 54 Australian, fair .. 53 53 Australian, Inferior * River Plate, best Elver Plate, seconds .. 5 5 Frozen Beef— New Zealand, fores .. 3j 33 New Zealand, hinds ... .. 44 4 Australian, fores .. 34 33 Australian, hinds .. 33 33 River Plato, fores 34 River Plate, hinds .. 4 33 Chilled Beef33 River Plate, - fores River Plate, hinds .. 44 43 •None offering.