COMMERCE AND MINING

New Zealand Times, Volume XXXVI, Issue 8190, 3 August 1912, Page 6

COMMERCE AND MINING

STOCK EXCHANGE QUOTATIONS PRESS ASSOCIATION. AUCKLAND. August 2. Sales at this morning’s call on the Sloes Exchange ; New Sylvia. Is 2d. Is. Waitangi Consolidated, Is 9d. Is td. Ror-s Goldfields. 5s 7d. 6s Bd. Talisman Consolidated. 41s. Afternoon call: New Sylvia. Is Id. Is 2d. Is 3d. Waitangi Consolidated, Is Bd, ts Sd. ■ Ross Goldfields. 5s Bd. Birkenhead Gas. 295. LONDON. August 1. Stock and sharemarket quotations include: Waihi Gold Mining. 31s 2d (buyers), 32; 6d (sellers); Talisman. 37s 6d and 42s 6d. GOLD DREDGING RETURNS. • DUNEDIN. August 2. Gold dredging returns: Waikaia.. 620 z 6dwt: Karanui, 250 z 7dwt; Koputai, 21oz 4dwt; Mastcrton, 14oz 6d\vt. WEST COAST MINES. PRESS ASSOCIATION. BEEFTON, August 2. The manager of the Consolidated Gold Mining Company has invited the citizens to see the Waugh drill at work on Tuesday next. The Just-in-Timo reef announced on Monday that it is now widened to seven feet showing gold. The New Discovery mine, Maori Gully, has just put in a new plant, and will commence crushing ncx, week. Great progress 1s being made with the Inglewood mine development. E. W. B. Bornahrook. 153, Feathersloa street. Wellington, member Stock Exchange. Specialising in Mining Scrip. Trustwortny Correspondence from all Mining Centres. Telegraphic address: ‘Tlornabrook. welllington. FINANCIAL CABLES BANK AND STOCK EXCHANGE REPORTS. By Telegraph—Press Association— Copyright. (Received August 2, 7.55 p.m.) LONDON. August 2. BANK OF ENGLAND RETURN. The Bank of England return issued for the week ended Wednesday, July vlst, is as under; Issue DsPAßtaiwr. Not! Isms £57.311.013 Gov debt £11,013,033 Other S - curitl?3 7,434,0)1 Golf .. 39.355,033 £57,811,003 £57,814,03) BANOTO DEPART)!®*!?. Proprietors' Gov. secarl • capital .. £14,553,033 ties .. £13,932,003 Public de - Other * o • _ „ milts .. 17.973,030 oil.itlai.. 34.758 003 Other de- Note! .. 27.730,000 posits •• 41,802,003 Cola 3,309,00 J Rest. 7-day and other bills .. 3.501,033 G‘ : £77,820,000 £77.829,000 The leading items o! ths Bank of England return afford the following comparisons: This week. Last west. Last yaar. £ £ £ Bullion .. 39,385,000 39,756,000 33,901.000 Reserve .. 29.089.H00 30.282,000 23.370.000 Note ciro’l n 30,084,000 20,332,000 80,234,000 Deposits .. 69,775,003 60,001,000 52.031,000 Proportion of reseiva to ‘ liabilities.. 48.C9 50.40 54.62 CONSOLS AND AUSTRALASIAN STOCKS. Current quotations for Consols and Australasian Government stocks, compared with those of last week, and the corresponding period of last year, are;

•Interest payable In May and November, tlntorest payable in January an l July Jlnterest payable in April and October THE MONET MARKET. The Bank of England discount rate, which had stood at 4 per 'cent. since September 22nd, was reduced on February Bth to Si per cent., and on May 9th was further reduced to 3. A year ago the rate was 3 per cent. The open market rate of discount for best three month bills is 1s 3d lower at 3 per cent.; a year ago It was 21. Short loans are unchanged at 23 per cent.-, twelve months ago the quotation in .Paris the open market discount rate is unchanged at 2i per cent. (2J a year ago); while in Berlin it is 2s 6d higher at 3J per cent. (23 a year ago).

COMMERCIAL CABLES By Telegraph—Proas Aaaooiation—Copyright deceived August 2, 7.55 p.m.) LONDON, August 2. GRAIN AND FLOUR. Wheat.—The market is dull. Buyers are only filling immediate wants, and there is no speculation. The harvest has commenced in the South of England, and is progressing rapid'y and favourably. In Russia the harvest promises well, but in France and Germany work has been hampered somewhat by rains. . Cargoes are firmly held in London, and there is little wheat offering. Forty shillings per quarter of 4801 b Is asked, and 39s ud is obtainable for New South Wales wheat off coast; 59s is asked for Victorian May shipment,. and 37s 6d for Australian o.irgoea, now crop, January-Fobruary shipment. For a parcel of July shipment 38s has been paid. There is a quiet demand for Australian wheat on the spot, at 42s 3d per quarter, the same price as last week. Flour.—On a quiet market Australian patent brands on the spot maiie 28s per sack, and 25a is obtainable for forward lots on prompt shipment. Oats.—The market is quiet. New Zealand '‘A" grade Qartons, on passage, are quoted at 24s per quarter of 304ib; La Plata. Junc-July shipment, 16s 6d. Beans.—Market dull. New Zealand beans, nearly due, 33s 6d per quarter. BUTTER FIRM. The butter market is firm. Danish, 129 s to 150 s per owt. Colonial makes are in small supply. Choicest Australian salted is selling at 108 s to ilOs a rise of 4s. and unsaltod at 110 s to 112 s, or a drop of Is in some cases; secondaries realise 98s to 1043. Now Zealand butter la unchanged at 114 s to 116 s. ' CHEESE UNCHANGED. A good demand continues for cueese. onct prices are firm and unchanged at: New Zealand white 65s per cwt, coloured 675: Canadian white 645. coloured 655. SUGAR LOWER. The sugar market is weaker. German beet, 88 per cent, net titre, lOd lower at 12s 3d per cwt; first marks granulated f.0.b., Hamburg, 3d lower at 15s 4d. BRADFORD WOOL MARKET. The Bradford tops market ia quiet, but prices arc firm at: 64’s, 271 d per lb; supei 60's, 2£tS; common 60's, 25id: 56 s, 21jd; 50’s, 18~a; 46's. 15d; <o's 14d. SHEEPSKIN SALES. A holiday tone pervaded the sheepskin sales yesterday. There wore 8022 bales catalogued, but 1100 were not shown owin, •o the dock strike. Under good competition nearly all offered were sold. Merinos were very firm, and crossbreds 4d per lb dearer. TALLOW - . Stocks of tallow total 5697 casks: imports during July amounted to 3847 casks, and deliveries 1792. , METAL PRICES AND STATISTICS. Bar silver is 5-lSd lower on the week at 27 9-16 d per ounce standard. Copper.—On the spot, lbs 6d lower at

£7B per ton; at three months. £7B 6s: electrolytic. Ce lower at £Bl us. Supplies lota’ 44,052 tons, deliveries during July 41.596, stocks 44,953, afloat 60C0. Tin.—On the spot, 75s higher at £204 Es I per ton; at three months, 100 s higher ot i £202. Stocks total 14,648 tons, amount afloat 2861. on the spot 2330. Lead.—Soft foreign, 5s higher at £lB 17s 6d per ton. Pig-iron.—Middlesbro' No. 3,16 d higher at 6Ss 4d per ton. Spelter.—ss higher at £26 per ton. PRIVATE ADVICES FROM LONDON. Private cabled advices wore received in Wellington yesterday from London as fellows ; New Zealand Loan and Mercantile Agency Co.. Ltd.—Sheepskins; Tho market is strong for merinos. Crossbreds are id to id dearer. Dalgety and Co., Ltd.—As compared with last sales’ (Hosing rates fine combing crossbred is id per lb higher, coarso combing crossbred id to 3d higher, clothing crossbred show an advance of id. For merinos prices arc unchanged. Murray, Roberts and Co., Ltd.—Sheepskin market advanced id to Jd per lb. James Macintosh and Co.—Sheepskins: Prices for crossbred full-woollcd. both coarse and fine qualities, have advanced id, and for crossbred half to three* quartcr-woollcd of fine qualities an advance of Id is shown. MELBOURNE PRODUCE MARKETS. MELBOURNE, August 2. Wheat. 4s Id to 4s lid; flour, £9 ss; bran, £5 16s; pollard. £6; oats, Algerian teed 3s 2d to 3s 3d. seed 3s 9d to 4s, New Zealand 5s 2td to 3s 4d; maize, 3s 30d to 3s 10jd: peas] duns 4s Id to 4s 3d, greys 4» 4d to 4s sd; chaff, £4 to £5 2a 6d; potatoes, £9 to £10; onions, £l4. , FROZEN MEAT PRICES Da’gety and Co., Ltd., were advised by cable from London yesterday: Frozen Meat. Mutton.—Market is firmer. Any change in prices is in favour of sellers. Quotations : Present value New Zealand prime crossbred Canterbury mutton. 3Jd to 4ld per lb. Lamb. —Market weaker. Any change in prices is in favour of buyers. Beef.—Market neglected. Since our last cable prices arc 4d lower. THE WOOL SALES, By Telegraph—Press Association—Copyright LONDON, August 1. For a miscellaneous collection competition was maintained to-daj T . Prices are unchanged. (Received August 2. 10.15 p.m.) LONDON, August 2. Clips (fleece portions) sold yesterday included: Monte," top price 94d per lb. average s|d: "Manganui, 9id and 9d; Robinson,” 16d and llad. GOLD AND SILVER EXPORT The gold exported from New Zealand last month was 33,521 ounces, valued at £149,160, and the silver 65,889 ounces, valued at £7311. For tho same month last year there wore 49,322 ounces of gold exported, valued at £199,073, and 143,704 ounces of silver valued at £14,421, 1 For the seven mouths ended July 51st tho amount of gold exported wae 237,800 ounces, valued at £933,828, and of silver 698,320 ounces, valued at £61,841. For the corresponding period last yoar tho gold export was 271,963 ounces, valued at £14)95,460 and silver 775,057 ounces, valued at £77,743. WELLINGTON CUSTOMS. The Customs revenue received at Wellington yesterday totalled £2469.

Stock. This 1 / week Last week y Last year. f. n. d. f. 1. d. £ s. d. 2Imperial C’ls 74 10 0 74 0 U 78 0 0 mi 10 0101 10 0104 0 0 3<%New Zealand! 1)4 0 0 04 0 0 97 0 0 3% New Zealand! 84 0 0 84 0 C 80 10 n 4% New S. Wales ioa 0 0X02 0 0104 10 0 3l% New S. Wales 03 10 o! 08 10 C Ob 0 0 «:> u 0 34 1.) t 87 10 0 100 10 0.100 10 0101 10 0 95 0 0 04 15 C 98 0 0 82 0 (] 81 10 t 84 10 0 hi 0 0 94 0 I 08 10 0 71) 0 (1 70 0 0>82 0 0 4% Queensland .. 3J % Queensland 100 04 10 10 0 0 100 04 5 30 0102 0 0 08 0 0 0 3% Queensland .. 82 0 0 82 34% W. Australia 91 111 0 04 5 0. 07 0 0 3% W. Australia 34% Tasmania .. 80 0 0 «•> b 0 88 10 0 02 15 (J 02 15 0 07 0 0 3% Tasmania 84 0 ■ u 84 0 0 84 10 0