COMMERCE AND MINING

New Zealand Times, Volume XXXVI, Issue 8300, 11 December 1912, Page 8

COMMERCE AND MINING

' STOCK EXCHANGE QUOTATIONS Press Association. AUCKLAND, December 10. Sales at this morning's call on tho Stock Exchange: Talisman Consolidated, 37s 6d. CHRISTCHURCH. December 10. Stock Exchange sale reported: West-port-Stockton coal, 3s 9d. DUNEDIN, December 10. Stock Exchange sales reported: Union Steamship, 47s »d (two parcels). New Zealand Drag, 40s 6d. LONDON, December 9. Stock Exchange quotations: Waihl Grand Junction, buyers 225, sellers 235. ROSS GOLDFIELDS, LTD. MEETING OF SHAREHOLDERS. Special to the “Times." AUCKLAND, December 10. . A meeting of the Auckland shareholders in the Boss Goldfields Company was held yesterday afternoon, when an address was given by Mr G. P. Davis, chairman of directors. Mr J. C. Colbeok, one of the directors, was also present on the ’platform. A telegram from Wellington was read to the effect that everything was going on satisfactorily in the mine. Tho chairman,.in the course of a very optimistic address, said that at the present time there was in hand the sum of 1:3000, with which it was intended to purchase a Diesel engine. The mine had been , unwatered, and everything was satisfactory. There would be no difficulty in keeping the water in check by pumping. The power working the mine today was costing id per unit per annum, less a,depreciation of 4 per cent. The engineer’s report was very satisfactory, and the mine was fully up to expectations. Through some delay on the part of the makers the. Diesel engine had not yet arrived, but would be here shortly. In the meantime development work only could be carried oil. The chairman concluded -bv saying that there was un-

commemorate the names of persons buried in the Wesleyan cemetery, part of which was taken for road purposes.— Resolved to reply that the council had done its best to get a list of the names, and regretted that the whole of- the space on the tablet was taken up by the names furnished. Mr W. J. Roche, borough engineer, reported that progress in the eastern drainage section No. 5 had been slow on account of the unfavorable weather.. It was discovered that the flooding of Victoria street, Alicetown, by the Drill Hall, was caused through water finding its way from the Te Momi estate through the Westland Timber Company’s land. The extension of the nine-inch drain through William street would prevent flooding. The estimated cost of extension would amount to JS2S. The setting .back of the fence and forming a kerbed and channelled footpath, at Mr Lynch’s, would cost about £66. of the undergear of the mam bridge was completed at a cost of £63 l3b Bd. The amount placed on the estimates to cover the cost of the work was £IOO. Heavy rains brought down a good deal of debris to the catchment bars of the Belmont and Fitzherbert creeks. To date 956 gas and water connections had been made, and 681 drainage permits issued. The report was adopted. , Mr H. Baldwin drew the council’s attention to the condition of the council’s crusher, which was almost buried in the river by a recent flood. The engineer said that the only harm that had been occasioned had been to the elevator, which was a little bent; the crusher had not been harmed in any way. The removal of the crusher from the river bed would .be dangerous on account of the methods that would have to be employed. To have the crusher in the yard would put up the cost of crushing metal from 4s per yard to 6s per yard.—lt was resolved to have the elevator removed to the council’s yard until required. On the recommendation of the works committee it was resolved to adopt the following suggestions: That a ramp be constructed on the northern side of the eastern approach to the new pipe bridge over the Hutt provided the ratepayers in the vicinity approve of the work. A search of the title of the subdivision of a native block, near the sanitary depot, be made in order to ascertain the position of a proposed street. That Mr W. A. Blair, solicitor, be appointed to conduct the council’s case against the Te Menu Land Syndicate in regard to a drainage dispute, as the borough solicitor (Mr fakerrett) is not available. t Councillor Dawson’s motion that all materials required by the council, amounting to £25 and over, be in future advertised for in the daily papers calling for public tender, and that such tenders be submitted to the tv as carried, -

doubtedly a great future before tha mine. ■ Mr Colbeok also spoke entanudsstioalbf,i of tho propects of the mine. Ho had: been told on, tho Very best authority;; that the gold was undoubtedly there-. Prom 10 to 15 per cent, would be on. the present price of shares from tho sole of electrical power, .even if, tho mine -did not prove a success. Other shareholders spoke in a aunHar strain, and Davis and Colbock wore thanked for “putting the position so clearly before the meeting. E. W. B. Eornnbrook, 153. Featbemtma street, Wellington, member Stock Exchange. Specialising iu Mining Scrip. ’lVuslwort* T Correspondence from all Mining Centres, Telegraphic address: "Komabrook. Web ling ton. COMMERCIAL CABLES Australian produce markets, SYDNEY, December 9. Owing to the heavy arrivals, potatoes have eased, and local-grown are quoted at from .£lO to £11; and West Australians at -£.13. Onions, local-grown, arm quoted at. £S 10s. ARGENTINE SHIPMENTS The Department of Agriculture, Indus*, tries and Commerce Has received the following cablegram from Buenos Ayres, date .December 9th: The following shipments of produce were dispatched from, the Argentine to the United Kingdom ports during November, 1912, compared with November, 1911—i 1912 1911 Proton beef, quarters _ 145,000 lit, • '•t •Chilled beef, quarters ... 186,000 190,000 Frozen Mutton, carcases 206,000 270,000 Frozen lamb, carcases Butter, cwts 14,900- 6,602 FRUIT AND PRODUCE WELLINGTON MARKETS. The decided change to warmer weather has brought with it a much larger inquiry for all descriptions of fruit, and consequently our market is in a position, to absorb much heavier supplies than have lately been available. Gooseberries have shown a very heavy increase in volume and the market for this fruit is inclined to he somewhat easier and only nominal rates are prevailing. The supply of black currants and raspberries is very small so fax, as the season has just commenced for these lines, consequently extreme rates are obtaining. -The hot weather has been somewhat conducive to strawberries coming along in indifferent order in some instances, but, generally speaking, the berries are opening up satisfactorily. Small lots of plums are arriving spasmodically and selling particularly well: A shipment of oranges, as well as a fairly large quantity of apples, arrived by the s.s. Inverio from &an Francisco yesterday, and are now in courts of sale. The usual weekly supply of New South Wales fruits'is due to-day from Sydney, but the quantity for thia market is only moderate and no' doubt will comprise summer varieties only—with probably a few oases of oranges and cherries. , Apples, choice colored 35s 6d to 16s case; gooseberries, choice 3s to 3s Gd half-case, prime 2s Gd; black currants, 8s Gd to 16s half-case; red currants, 6a to 6s Gd half-case; tomatoes, choice 16a to 20s half-case, prime 14s to 16s; grapes, choice Is 6d to Is 3d lb, prime Is to Is 3d.; strawberries, choice lOd to Is box. prime 7d to 9d; raspberries, 6s to 7*. bucket. A further shipment of San Francisco; potatoes came to hand by the s.s. inveric yesterday, and, opening up in good order, is meeting with an excellent demand. The tubers are the well-known Burbank variety, which have been on the market hero in previous years. New potatoes have undergone a heavy decline in value "lately, and with supplies likely : to oiler freely it would appear as though ( the .market would not again see higher i rates; to any extent. The Auckland district has been despatching very heavy supplies during tho past day dr two,; and this has had a weakening effect on: the market. A small quantity of Californian onions came to hand by thoi s.s- Inveric yesterday and are now in I course of distribution. With the ad-i vance in the Melbourne season increased j quantities of Globes will he coming to hand, and a further shipment of thia ] produce is due here on Friday next. Potatoes, new choice Us 6d to 12s 641 cwt, prime 10s 6d to 11s; onions, ATM I to £l2 10s per ton. Heavier quantities of vegetables hava : come forward lately and the market iaslightly easier; cauliflowers have shown a fair decline. Cauliflowers, choice 8s to 10s sack, prime 6s Gd to 7s 6d; cabbages, choice 4s 6d to 5s Gd sack, prime 2s Gd to 3s 6d; beetroot, 7s to 9s sack; rhubarb, 3s 6di to 4s 6d dozen bundles; spinach, 5s to 6s case; turnips, 5s to 7s sack; lettuce, choice 3s Gd to 4s •6d case; artichokes, 5s Gd to 6s 6d half-sack; asparagus, 6a to 10s dozen bundles according to size; carrots, 9s to 12s sack; swedes, 70s to 80a ton; parsnips, 9s to Xls sack; marrows, 8s to 10s sack: The market is. decidedly stronger for fresh eggs, best brands now realising la 2d per dozen, with supplies somewhat short of requirements.