COMMERCE AND MINING

New Zealand Times, Volume XXXVI, Issue 8189, 2 August 1912, Page 8

COMMERCE AND MINING

STOCK EXCHANGE QUOTATIONS. PRESS ASSOCIATION. AUCKLAND, August 1. Sales at this morning’s call on tho Stock Exchange: . New Sylvia. Is 3d, lid. IVaitangi Consolidated, 2e, Is lOd. Now Zealand Crown, 2s 6d. Talisman Consolidated, 39s 6d. 39s 9d. IVaihi. 335. Wailii Grand Junction. 21s 6d. Kauri Tjmber Co.. 16s 4d. Afternoon call: New Sylvia, Is Id, Is .2d. IVnitangi Consolidated, Is lid, 2s, Ss Id. Talisman Consolidated, 40s. Auckland Trams (ord.), 245. , E. W. B. Hornabrook. 153, Feathers ton street, Wellington, member Stock Exchange. Specialising in Mining Scrip. Trustworthy Correspondence from all Mining Centres. Telegraphic address: "Hornabrook. Welllington. ’ • LONDON COMMERCIAL CABLES. By Telegraph—Press Association—Copyright LONDON, July 31. AMERICAN VISIBLE WHEAT. Tho visible supply of American wheat and dour oast of the Bocky Mountains is estimated by “Bradstreet’s” at tho equivalent in wheat of 35,489.000 bushels, compared with 3&.U4,000 bushels a week ago and 58,779,000 bushels on August 2nd, 1911. , PRICE OP SILVER. Bar silver is quoted At 27jd» per ounce standard. Dalgety and Co., Ltd., yederday received tho following cablegram aaam their London office, dated July 31sti “Sheepskins.—Crossbred combing skins: Prices aro Id higher. Wool.—Merino combipg unchanged." The New Zealand Loan and Mercantile Agency Company, Limited, have received the following cablegram from their London house under date tho 31st ult.: "Wheat.— d o quote an Australian cargo at 40s c.i.f. Tho market is firm but inactive and the outlook is uncertain. THE WOOL SALES. LONDON, July 31. For an average selection of greasy merinos there was good competition to-day. Thoro have been considerable withdrawals owing to the high reserves of speculators in wools. (Received August 1, 9.55 p.m.) LONDON. August 1. Clips (flocco portions) sold yesterday included: “Ngaio,” top price IOJd per lb. average 9;d: “Bloomfield.” lOd and 93d; “Badoro." Bid. AUSTRALIAN PRODUCE MARKETS By Telegraph—Press Association—Copyright (Received August 1, 10.30 p.m.) SYDNEY, August 1. Wheat. 4a IJrt to 4s 13d; flour, otty £lO, country £9 17s fid; bran. £5: pollard. £5 ss; oats, Algerian feeding 3s 5d to 3s 9d, seeding 4s, Now Zealand whites 3s 4d to 3s sd, giants 3s sd; maize, 4s 5d to 4a fid; barley, nominal; potatoes, Tasmanian £lO 10s. New Zealand £8 10s: onions, Victorian £ls; Now Zealand £7 to £8; bnttcr. selected 1445, I prime 130 s; cheese, 9Jd: bacon, 7d. . ADELAIDE, August 1. Wheat, 4s lid; flour. £8 17s fid to £9 2s fid; bran, 14d; pollard, 15d; oats, 3s sd. MELBOURNE HIDE SALES. ' MELBOURNE, August I. At the hide sales to-day there were fair supplies. Bidding was firmer in tone, with an occasional advance on last week’s prices, which ranged as follows: Victorian kip, well flayed S3d to fid, scored or sloppy 51d to fijd: lignt-weights. well flayed fijd to fijd, scored or sloppy Sid to 53d; me-dium-weights, well flayed 6Jd to fiid. scored or sloppy 6Jd to 53d; heavy hides (no substance) well flayed fid to fijd, scored or sloppy fijd to 5Jd; .stout, well flayed 71d to BJd. scored or sloppy fid to fijd; calfskins, light, well flayed bid to 9d: heavy, well flayed fid.to fijd. LIVE STOCK SALES AUCTIONEERS’ REPORTS. Dalgety and Co., Ltd. At Palmerston North yesterday a lair yarding of stock realised me following prices: Mixed hoggets 11a 7d, tat ewes 14s oil, f.m. ewes in lamb 12s 9d, cull ewes in lamb 9s 7d to lls. empty ewes Us fid. fat cows £6, dairy cows £4 17s od to £6. empty heifers £3. store cows £2 7s to £3 os, mixed weanero £2 Is to £3, rising 3-year steers £5 14a. Loan and Mercantile Agency Co., Ltd. At Palmerston North yesterday we had a fair entry of sheep and a moderate yarding of cattle. ‘X’uere was a good inquiry and ail lines sold freely under the Hammer. Quotations: Store ewes Ss 5d to 10s Id, forward ewes 15s 2d, empty 2-toolh ewes 16e -Id, store wethers 17a, forward wethers 19s 4d, fat wethers 22s 9d, ewes in lamb 17s fid, hoggets (small) 10s 3d. Cattle —Weaners (small), 265, store cows 395, forward cows £5 3s to £3 18s, fat forward cows £4 4s to £4 17s fid, cows in calf £4 10s to £5, springing cows £8 7s fid. fat and forward heifers £4 19s, bulls £2 2s fid. Abraham and 'Williams, Ltd.

At our Palmerston North salo yesterday wo had a fair yarding of both sheep and cattle. All stock met a good demand, and practically the whole of the entr; was sold under the hammer. We quote; Aged ewes In la'mb 11» 2d. empty owes 7g Id, mixed hoggets lls 6d. empty Hereford heifers. 2yrs, £3 19e 6d. yearling heifers

£3 Be. mixed year-lings £2 103, fat cowl £5 to £5 5«, store cows £2 10s to £3 10s, dairy cows £6 10s to £8 12s fid. WELLINGTON MEAT EXPORT COMPANY. The twenty-third annual report of the directors records a good season's business, notwithstanding that in. the earlier portion the prospects were anythin? but encouraging. Alter making provision for depreciation—£9,l44 is lid—and placing to reserves as follows, viz: Reserve fond £ISOO, insurance reserve £2300, equalisation of dividend reserve £3OOO, and lor the interim dividend paid December 31st, 1911 —£4230 there remains a balance or £6094, from which the directors recommend a further dividend of 4 per cent., leaving to bo carried forward £1863. The retiring directors are Messrs Edward Newman and James Campion, who, being eligible, offer themselves for re-election. In order to meet the pressure of mid-season and the conditions of slaughtermen's award, the board found it necessary to extend the slaughtering floor, and is also about to increase tho fellmongorv. Shareholders nave recently given effect to recommendations of directors in respect of alterations to articles of association, which provide for three auditors instead of two as heretofore, the longest one in office of said three auditors to retire annually and not to be eligible for re-elec-tion for ensuing year. The retiring auditors, Messrs O. 8. Watkins and E. W. Hunt, are eligible for election at meeting to be hold as above on August 27th, and offer themselves accordingly.