COMMERCE AND MINING

New Zealand Times, Volume XXXVII, Issue 8482, 17 July 1913, Page 4

COMMERCE AND MINING

WELLINGTON STOCK EXCHANGE. YESTEKDAY'S QUOTATIONS. MINING. itay Queen—s 4d. Aliu-ray Creek, now, pd—b 7s, s 10s prem. New Zealand Crown—s Is 6d. Now hig itiver—b £5. New t»lvia— lj la 'us., s la 4d. ltosa li«oaii»truct«d—b 9a, s 9a 6d. Talisman Con.-ol.uated—s £2. Waihi—S £2 6a 3d, sales £2 5s 6d (reported). Waihi Grand Junction—b £1 08 3d. WaiUngi ConsoLiuatcd N.U—b 7d, s Sd. Note.—The letter "b" otguifles buyers and V sellers.

QUOTATIONS ELSEWHERE. Press Association. AUCKLAND. July. 16. Sales at this morning's call pn the Stock Exchange:— Watchman, 2a Bd. Boss, 9d 4d. Crown. Is 64. Waihi, 455. New Zealand Kiver Plate, 40s. Auckland Oas, 30s 6d. Afternoon ca11:—..,,,........ ...... New Zealand Crown, la 6d. Waihi, 44s 9d. CHKISTCHTURCH, July 16. Stock Exchange sales reported:— Wellington Gas, .£l6 4a. Christchurch Meat (£5 paid) £7 10s "and (.£3 paid), JU 10s. . Union Steamship Co., 43s 9d (two parcels). Booth, Macdonald and Co., 265. New Zealand Farmers' Co-op., 50s (two parcels). ' .~'

BtTNEDIN, 'July 16. Stock Exchange sales:— ' Waihi. 44s 6d. Waihi Grand Junction, COs 6d. Union'Steamship Co., 43s 3d. Sales reported:— • Waihi, 44s 6d (two parcels): "VTailii Grand Junction, 20s 9d (twx> parcels). Kaiapoi Woollen (pref.), £5 3s. Wellington Woollen (ord.), 73s Cd. COMMERCIAL CABLES By Telegraph—Press Association—Oopyr'gM LONDON, July IG. WHEAT. The market is quiet. Thirty-seven shillings is asked for Australian off' coast. <Eeceived July 16, 10.15 p.m.) LONDON, July IS. PBICES OF METALS. Copper.—On the spot. .£62 7s 6d per ton; at three months, £62 10s; electrolytic, £65 10s. Tin.—On the spot, .£lßl 5s per ton; at three months, .£lB2. L«id.— Soft foreign, .£2O per ton. VISIBLE AMEfiICAN WHEAT. The visible supply of American wheat and flour east of the Eocky Mountains is estimated by "Biadetreet's" as the equivalent in wheat of 47,233,000 bushels, compared with 47,668.000 bushels a week ago. and' 45,236,000 bushels a year ago. BOBEBT CAMPBELL CO. (Keceired July 16, 10.15 p.m.) LONDON. July 16. The Bobert Campbell Company has declared an interim dividend of Is per share. LONDON WOOL SALES. By Telegraph—Press Association—Copyrigh' LONDON. July 15. At the wool sales the following prices were realised for the ileece portions of the clips named : —"Triatua." top price Hid. average "Toitoi." 12Jd and 10id; "Iteue," Hid and lid; "Kaputane." 19d and 17id The sales have closed. Prices were unchanged. There were only small offerings of Australian, and Wew Zealand wools.

(Received July 16, 10.15 p.m.) LONDON, July 16.

For the wool sales 166.000 bales were catalogued, and 63,000 sold for the Homo maiket. i>41,000 for the Continent, and 2000 for America, 65,000 being held over. The market showed great irregularity for slipes and medium crossbreds, but there was a steady, consistent demand for merinos and coarse crossbreds, with au occasionally upward tendency for shafty merinos and good scoured compared with tho May series. The tendency for faulty aud short wools has been in buyers’ favour. New Zealand sooureds advanced 5 per cent. There were largo withdrawals uf fin* and medium crossbreds, which declined 5 per cent. Meriuos were to small supply, and .good lots sold at fancy prices. Tho following prices were realised for the fleece portions of the clips named: Langridge. top price lid, average lOJd; Amarama, 11 Jd. 16? d.

Murxav. Roberts and Co., Ltd., received a cable from London under date loth 4ual.. as folio j/s vVool sales have closed with rates unchanged; 65.600 bales held over." The Bank of New Zealand has received the following cable advice from London dated 15th inst. “Current prices for North Island farmers’ lots, in average condition —Coarse crossbred. 36-40'a quality, io)d to lid per . lb; medium crossbred, 44-46’s quality, 103 d to Uid;fine crossbred. 50 s quality. .Bid to 13d. Current prices for South Island farmers’ lots (Canterbury, style),, in average condition common, 60-64’s quality, 9-d to lOd per lb; superior merinos, super. 60-64’s qual-

ity, 12td to 13Jd per lb; half bred or quarterbred. 56’s quality, 121 d to 13id. Total quantity held over. 64,000 bales, of which 40,000 are New Zealand.’’ The Now Zealand Loan and Mercantile Agency Company. Ltd., received the following cablegram from London, dated 15th inst.“ The sales closed with good competition; 106,000 bales ol wool were gold at the wool sales. 41,000 of which wore taken for the Continent and 2030 for America; 05,000 bales were held over. Quotations are unchanged since last advices." Dalgety and Co.. Ltd., have been advised by cable from London, daler 15th inst. of the following information in regard to tiie close of the July series, of sales: —“The tales closed with fairly animated competition, but lately reported rates are hardly maintained except merino wools of good quality and condition. where any change is in sellers' favour. Merino short and wasty wools 5 per cent, lower. Inferior and faulty scoured 5 per cent lower. Crossbred wools, fine and medium quality. 3 per cent, lower. Coarse, good stylo light and clean, unchanged. Coaree, dingy and ootted 5 per cent.- lower. Crossbred scoured 5 per cent, lower. Crossbred slipos 5 per cent lower. Lambs unchanged. The above comparison is made with the closing rates of the last series. The not quantitv of wool available amounted to 176,000 bales. There were sold to America 2000 liales, taken for Homo consumption 68.000 bales, bought for the Continent 41.000 bales, and earned forward 65.600 bales." Levin and Co.’s London agents cab o that the sales closed with good wools firm, whereas faulty wools wore weak an dirregular. The following clips have been sold, the -prices named being the average price realised for the fleece wool in oach instanceAH (Wanganui), 9 15-16 d; CTK, Waitnwhiti (lenui), 10 1-1 Gdj DC, Glondhu (East Coast), 10id.

INVESTMENT STOCKS. Boy erf. Hall* ri. Bale*. £ a. d. £ «. d. ( 0.1 BANKS— National of N.Z. old o 4 0 National of N.Z. new 5 1 0 New Zealand •■• • — 10 17 6 — f INANCljU— N.Z. Ix>a,n and Mercantile, 108 paid 0 10 4 — — N.Z. and B. Plato Land 1 19 9 — ( —* AVol'n Invest T. and A. ... ... 0 11 10 0 12 0 Wellington Trust Loan ... ... 7 1 _ - '.1A3— Napier, £5 ... 8 0 0 _ _ Wellington, £10 16 4 0 Wellington, prel. — - 1 0 0' - INSURANCE— National of N.Z. 2 4 6 —. — Now Zealand ... 5 6 6 Standard of N.Z. 1 10 9 — - HEAT PttESEttTIHO— Cliriatchuroh Meat Oo 15 3 6 Gear Meat Co., £4 12 1 6 Gear Meat Co., £1 ... 3 4 0 Wgton. Meat Export, £2 12s 6d ... 3 0 0 3 5 0 — SHIPPING— N.Z. Shipping Oo 16 0 0 — — Union Steamship — 2 4 0 — COAL— Taupiri — ... 1 1 0 — - Westport ... 1 " 6 — ~ TIMBER— Loylamd O'Brien — 1 5 6 ~ MISCELLANEOUS— Golden Bar Cement —' 1 0 0 Manning and Co. 4 2 6 — — Sliarland and Co., pref. ... — ■"* i l 9 — Ward and Co, ... — 5 4 0 W.F.O.A., £5 ... — 7 2 6 — W.F.G.A.. £1 — 1 8 3