COMMERCE AND MINING

New Zealand Times, Volume XXXVII, Issue 8363, 25 February 1913, Page 4

COMMERCE AND MINING

WELLINGTON STOCK EXCHANGE. TESTEEDAY’S QUOTATIONS. MINING. Kuranui Caledonian —11.30 a.m., s Is; 3.15, Now Zealand Crown—3.ls, b Bd. New Sylvia—ll.3o a-xn-, b lOd; 3.15, b IW. Progress—ll.3o turn- s Bfl. ... Boss Reconstructed —3.15, b 5e 6d, fl os lOu, Saxon—3.lsb b sd. s 7d. Talisman Consolidated—ll.3o a.m., s £1 ■l9s 9d; 3.15, b £1 19s 9d. s £2. T „ Walhi—ll 30 nun., b£l 13s, s£l 14s; 3.15, b £1 13» 6d, s £1 13a 9d. Waihi Grand J unction—ll.3o a.m., s £l £s; 3.15, s £1 2s, Waiotahi—ll.3o am., b 1b 9d. s 2s; S.IS, e 2a. Waitangi Consolidated N.L. —11.30 a,m., s Td; 3.15, B 7d. „ Swastika—ll.3o a.m., b 5s 3,d. s 7s 6d, sales Ss, 68. 68 (reported, prom.); 3.15, b 6s (pram..). . , Note.—The letter "b" signifies buyers and ‘‘s’’ sellers.

E. W. B. Hornabrook, 15J. Feathersion •trcel. Wellington, member Stock Exohang* Specialising in Mining St rip. Trust wo rl'J 1 Correspondence from all Mining Oaßtraa Telegraphic address; "Hamabiook. Wet lington. QUOTATIONS ELSEWHERE. Trees Association. AUCKLAND. February 24. Sales at this mornings call on the Stock Exchange: Crown, lid. ■ ' -Waiotahi, Is lid. Waihi, 38s 9d. Old Hauraki, 4id. Union Steam, 495. • . Afternoon call: Waihi Grand Junction, 21s Gd. , South British Insurance, 74s 6d (reported). CHRISTCHURCH, February 24. Stock Exchange sales reported; Wee tport-Stockton Cool, 3s Ud. New Zealand Farmers, 475. . • DUNEDIN, February 24. Stock Exchange sales: Sales reported *. Union Steamship, Co., 4!te. . Union Steamship Co., 49s (two parcels), 49s 6d (two parcels). New Zealand Drug, Mis. Talisman Consolidated, 40s. National Bank, jB6. DUNEDIN, February 24. Stock Exchange quotations: Dredging Stocks.—Biaokwater, buyers 4s: Hartley and Riley# sellers l3flj Rising bun, sellers .tl 10s; bailor's Bend, sellers S Mining Stocks. —Rose Goldfields, buyers 5s 6d, sellers 5s lid; Nokomai Hydraulic, sellers £1 Os 6d; Kurunui Caledonian, sellers le; May Queen, sellers 8d; Watchman. buyers 2s sd; Talisman Consolidated, sellers J 22 Os 6d; Waihi. buyers £1 las. Boilers ill 18s 9d; Waihi Grand Junctions,, buyers £1 la 3d, sellers £1 Is 9d. Investment - Stocks. —-National Bank, sellers' JB6 Ob 3d; Bank of New Zealand, buyers Jill 8s; National Insurance, buyers JJ2 ss; Standard Insurance, buyers M- 12s 6d; New' Zealand Shipping Company, buyers J 515 15s; Union Steamship Company, buyers Jl2 8s 6d, sellers J 22 Wa 9d-;! JNsrpetual Trustees Company, seUers dll 3s 3d; Trustees Executors Company, sellers JE3 2s 6d; D.I.C. (pref.). buyers Jit, 2s. sellers Ail 2s 9d; Milburn Lime and Cement (Jil), buyers Jil 16s; New Zealand Drug Company (£2), sellers. JE2, 10s; New Zealand Paper Mills, sellers Jil Os Gd; "Otago Daily Times," buyers JE2 12s; Wright. Stephenson and Company, buyers Jis 12s 6d. SWASTIKA GOLD MINES. LTD. The following report dated February 20th has been received from the manager of the Swastika Gold Mines: —'T harp much pleasure in reporting that a large general sample of the stone from the face, about 80ft in from the outcroo on No. 6 (that is the Big Beef) assayed at the Westport School of Mines 2oa 12dwt Sgr per ton, in value AlO Se per ton.As advised, this reef has been steadily improving as we crossed from the footwall to the hanging-wall and this assay is a most convincing proof. I do not think there' is such a large body of stone carrying equal value on this coast. We have been delayed in development work on account of two of the men being on the sick list, and so far have been unable to replace them-. All available storage room at the tunnel month got blocked with stone, and the horse we depended on for haulage oould not be obtained. However, we got another one a week, later, and I hope to be on tune with ai crushing of 20 to 25 tons by the end of) the month. I trust to make a good bat-, tery return, although there,will not bej very much of the stone as assayed, above/' . COMMERCIAL CABLES HIGH COMMISSIONER'S ‘REPORT. The Department of Agriculture has received the following cablegram from the High Commissioner, dated London. February 22nd. (Note.—Quotations, unless otherwise specified, are average market prices on spot): ... . , ■ ... Mutton. —The market is quiet, with a tendency in favour of buyers. Noith Island, Ijd per lb; Canterbury, net quoted. . ..... Lamb.—The market is slightly weaker, with less demaud._ High prices arc r--Dieting business in the market. Buye B are cautious. Canterbury, 6Jd per JO; other than Canterbury, 6jd. —Theie is a better demand. A moderate supply. New: Zealand hinds, 3)d per lb; ionoe, 3fd. . • Rutter. —The market is firmer. There has been a favourable change in the weather, which is cold. Continent are buying unsaltcd. Choicest New Zealand, salted Ute per cwt, unsalted 119 s; Australian, 112 s; Argentine, UOs; Danish, 131 s; Siberian, 110 s. . Cheese.—The market is firmer. A moderate demand. There are complaints of the quality of New Zealand cheese this season. The average price for the week for finest New Zealand cheese per ow* is 60b 6d; Canadian 64e, English Cheddar 745. ... . , Hemp.—The market is very quiet; nothing doing, and is weaker, with tendency; downward. Spot: New Zealand good fair grade, per ton, fair grade. £Slj

fair current Manila, £33 10s. Forward shipment: Now Zealand good fair, £33 10s; fair grade, £3l 10s; fair current Manila, £3l. The output from Manila for the week was 17,000 bales. Hops.—The market is quiet, but moderate business doing. Stock is being reduced gradually. Stock is moderate. English, 100 s per cwt; California, 90s. Wool. The market remains firm. Crossbreds are higher all round. By Telegraph—Press Association—GopyrigM LONDON. February 25. WHEAT. The wheat market is quiet but firm, notwithstanding liberal Argentine and Australian shipments; 38s to 88s Gd i* asked for Australian January-February and 39s for a bad steamer cargo (January); 37s 9d has been paid for a pareft in March. COPRA. The market is steady. There have been small sales of South Sea in bags at £2B per ton. East quotation the same. COTTON. Febmary-March shipments of American middling cotton are, quoted at 6.17 d per lb—last price 6.67 d. JUTE. Native first marks, February-March shipment £26 10s-(Ss 6d higher than lost quotation. HEMP. The market is quiet, with a downward tendency. Last quotation: New Zealand January-March shipment, £34 l«s per ton. RUBBER. Quotations are nominal for fine hard Para rubber at 3s lid per lb—3id lower than last quotation. BBEADSTUFFS FOB EUROPE. The quantities of wheat and lion* 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. Y’r ago* Qrs. Qra. QrsFor UK. . 3,a5,000 3,105,000 3,260,008 IS Europe fIIsSO.OOO 1,200,000 Shipments from American ' Atlahtio ports amount to 155.000 quarters. , compared with 252,000 quartern a week ago. and 103,000 quarters' a yoar ago. Pacino Coast wheat put afloat totalled 30,000 quarters, as against 85.000 last week and 16.000 a year ago,. The total quantity of. wheat and flour shipped from all exporting countries during the week ended February 22nd was equivalent to 1,445;000 quarters of ;.wheat, compared with 1,400,000 quarters ,m the previous week and 1.065,000 quarters. a year ago. The weekly total .includes 160.000 quarters of Australasian wheat, Dalgety and Co., Ltd-, have been advised by their London office by cable a» follows: ' , Frozen Meat—Beef: The demand is better. Quotations: Pores 3Jd per ibi hinds, SJd. Lamb: Demand OnutecU Quotations: North Island heavy and Ught 6Jd. Mutton—Demand limited. Quotations: North Island heavy and light did. .... ■, 1 . L ■ 'Hallow—Low and Inferior descriptions 3d to Gd per cwt lower. Good colour mixed or beef Gd per cwt lower, . and mutton scarcely in demand, nominally Gd per owt lover. AUSTRALIAN WOOL Qoldsbrough, Mort and Co., Ltd., MoV bourne, report under date February 14th i Locally no business of any importance in wool bae been reported, interest being centred on the sales to b© held here on 18th and 19th inst. when some 10,008 bales will be submitted.: The auction* held in Sydney this week mark the close of the weekly series, the first, of the winter shies being fixed fop the first week in April. At the Brisbane sales held last week some 21,000 bales were brought forward, the selection being described as only fair, and the wools carrying more condijtion than those offered at? the October and December eerie*. As compared with the latter sale*, good greasy merino was from par to 5 per cent, higher; medium, and faulty greasy, 2M to 6 per cent, higher, the best scoured being in seller* favour, while medium sorts showed an advance of 5 per cent Sales to latest dates in Austmlia from July Ist total 1,320,878 balse, a decrees* of some 132.000 as compared with the similar period of last ; season. -Deliveries ai- the coast in New South Wales and Victoria show a falling off of 245,163 bales, and the decrease from now on will ’be more apparent in the export figures. . Fairly general rains are reported in Northern and Central Queensland, while the southern States are seasonably dry. and given good autumn falls m tiia latter,-,the season promises to be a good one. Below we give table showing .present prices for tons, corresponding pqnodvlast year, and prices current a year ago: ■ ■ v / ■ ■. Feb„ Feb., 1913. 1912. d. d. Super 69*s (average merinos) 29 34i 50 e (fine crossbred,) ..... IH 46'a (medium crossbred) ...... l'i i»» 4D’o (coarse crossbred} ia % WOOL EXPORTS The quantities of wool exported from the Australian States and New Zealand ior the current season,' to January alst* compared with the corresponding period ttf the previous Boason, are as follows:

There is a. decrease in every case, the total amounting to 175,467 bales. • LIVE STOCK SALES AUCTIONEERS’ REPORTS.' , DaJgety and Co-, Ltd, At Marten yesterday cull lambs made 4s, medium lambs Ts to Ts-lOd, fat and forward ewca and -wethers 14e 7d, fouryear ewes 14s sd, weaner heifers 82s 6dWELLINGTON CUSTOMS The Customs revenue received at WeV uagton yesterday totalled -£2(H7 X3s 9d-

INVESTMENT STOCKS. Buyers. Sellers. Sales. £ a. d. PINAKOI.U/- £ a. d. £ s. d. Equitable Building Oo.. 144. ... — 9 14 0 N.Z. Loan and Hercantilo 0 9 6 — N.Z.andE. Plate 2 0 P Wellington Trust Loan, Ltd. ... 7 0 » CU8— 7 4 0 Feildlng — Wellington second 1 1 • ' ■ —' issue 15 15 0 Wellington third — issue ... 13 5 0 SHIPPING— Union Steamship — 210 0 2 10 0« MANOPACTDMSO— Kaiapoi Woollen, ordinary ... — 5 6 0 — Wellington Wool’n,^ preleronoe . — COAir— 215 6 “ Taupirl ... ... — MlBCKIiLANEOtm— 13 0 Golden Bay Cement Co. ... — N.Z. Portland. Go10 3 ment — >''U*rl*nd und Co* 0 19 9 — Ltd., ordinary •Boported. i i a

1312-13 1911-12 Bales Bales .New South Wales .— (Queensland iSouth Australia 577,122 355,090 179,129 150,466 830,041 406,41* 203,491 156,712 5/,S9«i New Zealand 196,603