COMMERCE AND MINING

New Zealand Times, Volume XXXVI, Issue 8261, 25 October 1912, Page 8

COMMERCE AND MINING

WELLINGTON STOCK EXCHANGE,

YESTERDAY'S QUOTATIONS,

MINING. Blockwatcr Mines —11.30 a.m., 5 £1 4a 6d; 3.15, s £1 6s. Mountain King—ll.so a.m., b old. Murray Creek—ll.3o a.m., b 9s 6d, s lls 6d (prem.): 3.15. b 9s 6d, s lls 6d (prem.). New Sylvia—ll. 33 a.m., b Is 2d, s la 4d; 3.15, b Is 2d. b Is 4d. Progress—ll.3o a.m., s 8s sd: 3.15, B 6s 6d. Rosa Koconstructed—ll.3o a.m.. b 5S 2d, s 5s sd: 5.15, b 5s 2d, e 5s sd. Siuton—ll.3o a.m., a 9d. Talisman Consolidated—ll. 33 a.m,.' b £1 18s 6cl, s £1 19s; 3.15, b£l 18s sd. 8 £1 19s. IVaibi—ll.3o a.m., b £1 15s, s £1 15s 9d; 3.15, I) £1 15s 3d, s £1 15s 9d. Waihi ' Grand Junction—ll.3o a.m., b £1 2s 3d. s £1 2s 9d; 3.15'. b £1 2a 3d, s £1 2b 9d. Walotahi—ll.3o a.m.. b Is lid. s 2s 2d; 3.15, b Is lid, s 2s 2d. IVaitanai Consolidated N.L. —11.30 a.m., b Vd. a 9d; 3.15. b Bd, a 9d. Worksop Dredge—ll.3o a.m.. b £3 ss: 3.15, b £3 ss. Note.—The letter "b" signifies buyers and "s” sellers. INVESTMENT STOCKS.

•Reported. QUOTATIONS ELSEWHERE. Press Association. AUCKLAND, October £4. Sales at this morning's call on the Stock Exchange: Waiotahi, Za Id. The following prices wore offered, but no sales recorded: Waihi, 35s 3d. Waihi Grand Junction, 22s 3d. Talisman Consolidated, 38s 6d. j Afternoon call: Waihi Grand Junction. 22a cd. Talisman Consolidated, 38s 6d. Bonanza, £d. Auckland Trams (ord.), 24s 6d. CHRISTCHURCH. October 24. Stock Exchange sales reported: Mason Stmthers (£1 paid), 23s 9d. Mason Struthera (14s paid), 16s. DUNEDIN, October 24. Stock Exchange sales: Waitangi Consolidated, Bid. Westport Coal, 28s 4d (2 parcels).

B. W. B. Hornabrook, 153, Featberston street, Wellington, member Stock Exchange. Specialising in Mining Scrip. Trustworthy Correspondence from all Mining Centres. Telegraphic address: "Hornabrook, Wsl-

COMMERCIAL CABLES

HIGH COMMISSIONER'S REPORT.

The Department of Agriculture baa received the following cablegram from the High Commissioner, dated London. October 22nd. (Note.—Quotations, tinless otherwise specified, are average market prices on spot): Eggs.—The market is quiet, and prices are slightly weaker, owing to a large supply. A fair demand for cheaper sorts. Per 120: Home. 13s to 14s fid; Italian Us to 12s 9d; Hungarian, 8s fid to IQs 9d: Rus. sian. 8s fid to 10s; French, 15s to 16s, Dutch. 13s fid to 15s: Danish, 10s fid to 12s. Poultry —The market is firm, and a gliod demand. Chickens; Horae, 9d* to Ifld lb Turkeys: Home, 9Jd toTOid. Bacon.—The market is ouieter. Prices are firm on account of a small supply of all descriptions. Irish, 76s to 63s per cwt: Danish. 74s to 83s: Swedish, 74s to 81s: Russian, 70s to 765: Canadian, 74s to 78s.

Hams.—The market Is firm. . American, 65s to 72s per cwt; Irish, 84s to 106sCanadian 70s to 755; English, 92s to 108 s.

OTHER ADVICES.

By Telegraph—Press Association—Copyright (Received October 23, 9.15 pjn.) LONDON, October 23. PRICES OF METALS. Silver.—ln bars, 29 3-16 d per ounce standard. Copper.—On the spot, £75 3s 9d per ton; at three months. £76 3s 9d. Tin.—On the spot, £229 6e per ten: at three months, £228. Lead.—Soft foreign. £2O 10s per ton. WHEAT. The market for wheat cargoes is firm, but quiet. Januxry-February shipment is offered at 39s 3d per quarter, and Fobrn-a/ry-March at 395. VISIBLE AMERICAN WHEAT. The visible supply of American wheat and flour cast of the Rocky Mountains is estimated by "Bradstreets"' at the equivalent in wheat of 68,837,000 bushels, compared with 61,858,000 bushels a week ago, and 87,288.000 bushels on October 25th, 1911. TALLOW. At the tallow sales 933 casks were offered and 526 sold. Fine mutton realised 40s fid per cwt, and medium 34a 3d; fine beef 38s fid, and medium 33s fid.

The New Zealand Loan and Mercantile Agency Co.. Ltd., yesterday received the following cablegram from London: "Tallow—We quote present spot values for the following descriptions: Good mutton, -39 s 3d per cwt; good beef, 35s per cwt: mixed, 32s fid per cwt. The market is quiet. Wheat—We have sold an Australian parcel at 39s 3d c-i.f. The market is firm but inactive, and the outlook is uncertain. Oats—Wc quote Gartons 255, sparrowbihs 245. The demand is restricted.”

AUSTRALIAN PRODUCE MARKETS,

(Received October 24, 9.30 p.m.) SYDNEY, October 24. Wheat, 4s 5d to 4s 7d; flour, £9 10s; bran, £6 10s; pollard, £7: oats. Algerian feeding 3s fd to 3s 9d, Now Zea'and whites 3s sd. giants 3s fid; maize, 4s fid to 4s 7d: barley. Victorian 5s 3d to 5e fid: potatoes, Tasmafifian £ls 10s. New Zealand £l3: onions. Victorian and Japanese £l3 to £l4. American £ls: butter, selected 116 s, prime 106 s to 112 s: cheese. 9d; bacon, 9Jd. ADELAIDE. October 24. Wheat, 4« 3M to 4s 4d; flour, £9 10s; bran. 14td; pollard, Ifiid: oats. 3s.

MELBOURNE HIDE SALES.

MELBOURNE. October 24. There were moderate supplies at the hide sales to-dav. and an active demand pre-

vailed at prices showing an advance of ad l>er lb for ail classes.

ISLAND COPRA OUTPUT SMALL

Press Association. AUCKLAND, October 23. A Suva resident, who was a passenger by tho Zcalandia, states that the hurricane in the Friendly Islands early this year has had the effect of reducing the quantity of copra for export. It is estimated that the shipments this year will he 50 per cent, less than in 1911, and that it will bo two years before the output is again normal.

D.I.C. ANNUAL MEETING

TEAR'S PROFIT £20,934. Press Association. DUNEDIN. October 24. The annual meeting of bhaveholdera in. the Drapery and General Importing Company. Ltd:. was hold this afternoon, Mr H. E. Hart, chairman of directors, presiding. The annual report staled that the nett profits for the year were £20,994 5s lid, which, with X 8312 9s 3d brought forward, made a total of £29.306 15s 2d. An interim dividend at the rate of 6 per cent, on preference shares on May Ist absorbed £3751, leaving £25,556 15s 2d available lor division. The directors recommended payment of a dividend at the rat© of 6 per cent, per annum on preference shares for the half-year ended August 2h,h (£3750), a dividend at the rate of 7 per cent, on ordinary shares (£7516 11s sd), and the addition to the reserve fund of £SOOO (bringing it to £37,000), the balance to be carried forward less bonus of 2i per cent, to holders of ordinary shares on amount of purchases (absorbing £9290 3s 9d). In moving the adoption of the report and balance-sheet the chairman eaid tho company had had a very good year, tho gross profits showing an increase on those for tho previous year, though the nett profit waa £622 loss than that for the previous year, tho expenses having grown by £3159. A larger amount than usual had been spent on maintenance and improvement of buildings and fixtures, and the expenses in connection with the Wellington lease also had been heavy. 'The bulk of the increase in expenditure was non-rccurring. The report and balance-sheet were adopted, and tho retiring directors (Messrs W. Fcls and P. E. Hallenfitcm) were re- , elected.

LIVE STOCK SALES

AUCTIONEERS' REPORTS. Abraham and Williams, Ltd. At Marion on Wednesday a heavy yarding of sheep and a lair entry of cattle came forward, and we have to report a good sale at the following figures: Best ewe hoggcte-lTs 9d to 18s 2d, good ewe hoggcU 15s Od to 16s Bd. medium hoggets 13s lid to 14a 6d, mixed hoggets 14s 6d to 15s, others Us to 13b Id, wether hoggets Ms fid to 15a 3d, shorn 2-tooth owes (small) Us la. 4tooth owes and lambs 5Cs fid. aged ewes IBs 3d, S-year steers £6, 20-month steers £4 6s, cows and calves £4 6s, yearling heifers £3 to £3 7s fid. dairy heifers £5 10s, dairy cows £3, forward cows £4 10s to £5, fat cows £5 to s£6 19s. , At Johnsonville on ’Wednesday weoffered a eood entry of prime bullocks and sheep, which sold well at late rates. Prime heavy bullocks made £ll 10« to £ll 15s, P ri “® bullocks £lO 15s to £ll, lighter £lO to £lO ss, prime vealers 40a, lighter 27s to 325, prime heavy wethers 26e 9d, prime wethers 24a, prime heavy ewes 245, good ewes 21s to 21s Bd, medium ewes 19s fid to 19s lid, plain 19s, extra prime lamta 15s Ud to 16s lOd. prime lambs 14s 8d to 15s fid, medium lambs 12a to 13s sd. At Palmerston North yesterday a. fair yarding of cattle was offered, but the entry of sheep was small. Sales were effected at the following Prices: Shorn 2tooth owes 12s fid. shorn 2-tooth wethers 11s fid, aged ewes with a few lambs 13s springing heifers £5 17s fid to £7. forward cows £3 16s to £4 fie, yearling heifers £3. mixed yearlings £2 6s -to £2 11s. Dalgety and 00., Ltd.

At Palmerston North yesterday we bad fair yardings and a good attendance of buyers. The following prices were realised: Medium empty ewes 9s Bd, ewes and lambs 18s 3d, mixed hoggets to 17s Vd. yearling steers £2 16a fid, yearling heifers £2 19s to £3 3s. medium store cows £3 18s, bulls £2 15s to £4 17s fid.

FRUIT AND PRODUCE

WELLINGTON HAEKETS. An excellent inquiry continues to result for both choice dessert and cooking apples. In fact the market on the close oi last week ha* shown a stronger tendency for locahy-grcrtvn varieties. American apples are still available and these are lacing a good outlet. Owing to the small shipment of citrus fruits to hand last week from Sydney the market at the present time for the*© lines is particularly keen, and what lew local lemons have been available have realised high rates, viz., from 9s bd to 10s fid case. Tomatoes are in-excellent demand, and any choice quality arc com. mauding extreme rates. Transhipments of Cook Island oranges and bananas arrived yesterday via Auckland. • and all choice truit, especially the oranges, realised the extreme prices. The prospects are that tor all varieties of fruits available for some little time ahead there will be a heavy demand, and correspondingly high ratee will result. Next month should see the advent of New South Wales summer fruits, and these will relieve the tension Apples, choice dessert 11s to 11s fid case, prime 9s to 10s, cookers choice 10a fid to lls fid case, prime 8s to 9s: hothouse tomatoes, choice Is 3d to Is fid * lb, prime 9d to Is; lemons, choice (locals)' 9a fid to 10s fid case. POTATOES AND ONIONS.

During the past week there has been an absolute dearth in old potatoes, and the market has kept at the high level which set in last week. The quality so late in the season is showing indifference to a certain degree, and as the season closes this, of course, will bo more marked, and It is quite likely that present values will bo superseded by higher rates. New potatoes are in excellent demand, and much heavier quantities could be handled. In fact, at the present time it docs not look as though supplies will materially increase until early next month. The inquiry for onions continues strong, and as the quality is excellent, a good distributing business is being done. Potatoes, old £9 to £9 10s ner ton, new potatoes choice large 3d to 3id per lb, prime 2d to 2Jd: onions, choice £l6 to £l6 IDs per ton. OTHER VEGETABLES.

The dearth in cauliflowers, cabbages, parsnips, carrots, lettuce and green peas continues, supplies being far short of requirements. Cauliflowers, choice 10s to 12a sack,- .prime 7s to 9s; cabbages, choice 6s to 8s sack, prime 4s to ss; carrots, 6s to 8s sack; lettuce 4s to 7s case; rhubarb, 4s to 5s dozen bundles; parsnips 8s fid to 10s fid sack; asparagus' fis to 8s dozen bundles; turnips. 5s to fis sack; beetroot, 4s to 5s sack: green peas. Is 9d to 2speck; artichokes. 5s fid to fis 5d half-sack; spinach, 4s to 6s case. EGGS. The market for fresh • eggs continues steady, and as supplies are not too plentiful. Is per dozen still rules. Messrs Laery and Co., Ltd., wholesale produce merchants, Allen street, report prices ruling on the Wellington market;—Fowls’ wheat, 4s 2d to 4s fid per bushel: fowls' barley, best 3s fid to 3s 9d per bushel: Cape barley seed, 3» 9d per bushel; oats, short feed 2s 8d to is per bushel; oats, seed Algerians 3s 4d to 5s fid; oats, Duns 2a lad to 3«; maize. 5s to sa3dbushelj seed maize, Hickory Kmc'fis od bushel; partridge peas, 4s to 4e 3d per ouchel: horse beans. 4s 2d to J s 4d per bushel: sucrosene, £7 per ton; flour, Atlas brand £9 lls fid per ton; oatmeal. £l3 IDs per ton; pollard, £6 15s to £7 per ton: barleymeal, £6 per ton; peameal, '£6 per ton; bmn, £5 5s per ton; chaff, prime oatenshcaf, £5 per ton: chaff, medium quality oaten' sheaf £4 5a per ton; chaff, straw £3 15s per ton: straw, baled. £3 to £3 IDs per tou; factory bacon, shoulders 8d per lb; sides. 9ld per lb; hams, 9Jd per lb; rolls, 10jd per lb; factory cheese, medium sized 7d per lb; factory cheese, loaf sized, 73d per lb: honey, bulk, in 561 b tins 4Jd per lb: margarine, in 281 b tins 81d per ibwhole linseed. 18s per cwt; linseed, ground 22s per cwt; linseed, cake 14s per cwt; linseed nuts. ' I 3» fid per cwt,basic slag. £4 5s per ton: superphosphates, £4 15s to £5 per ton; rolled oats. 9« fid per do*;rolled oats, bulk 16« per 103; potatoes, prime table £9 lOs to £lO per ton; seed potatoes, Gamekeepers £9 per ton; Californian onions. £l6 per ton.

WELLINGTON CUSTOMS

Tlie Customs revenue received at Wei lingtou yesterday totalled £2568

Buyers. Sellers. Sales. „ £ a banks— National of N.Z d. £ s. d. £ s. d. Ltd. g 0 financial— Equitable Build. 0 ing Co.. Ltd.... — N./. and li. Plato 9 17 6 Land. Ltd. ... — Wel’n. Trust Loan 2 2 0 — Ltd _ Gas— 7 10 0 Christchurch, £5 ,8 2 6 _ Poilding ... 1 0 « Palmerston North 9 2 6 Wellington, £10... — Wellington, 3rd 13 0 0 issue — Meat peeseetino— Gear Meat Co.. 14 15 0 Ltd. £4 ... ... — Gear Moat Co.,*'* * 13 0 0 — Ltd., £1 ... 3 4 Wcl’n Meat Ex0 ~ port. £4 ... — Wel’n Meat Ex5 0 0 —■ port, £2 12s 6d — Shipping— 3 0 0 N.Z Shipping Co. 13 17 HANnrACTDEINC— Wellington Wool’n, 6 13 17 5* ordinary 3 14 Wellington Wool’n. 0 — preference ... — Coal — 2 17 6 Hikurangi 0 17 6 0 18 6 o ia o* Westport — Timbee— 1 8 6 Leyland O’Brien 1 7 1'nringamutu Totarn 0 — Sawmills, Ltd. 2 5 Miscellaneous— Banks C. M.. Ltd. 9 (cum) ... 1 0 Golden Bay Ce0 1 0 6 — ment Co 1 0 N.Z. Drug Co., Ltd., 0 1 1 3 —• £2 _ Bbar!and and do., 2 10 9 Ltd., ordinary — Sharland and Co., 1 2 6 — Ltd.. preference — 1 2 9 W.F.C.A., £5 ... — W.F.O.A., £1 ... — 7 6 0 17 3*