COMMERCE & MINING

New Zealand Times, Volume XXXVIII, Issue 8646, 3 February 1914, Page 2

COMMERCE & MINING

WELLINGTON STOCK EXCHANGE. YESTERDAY’S QUOTATIONS. MINING. Blackwatcr Mines —11.30 a.m., s Jll Is; 3.15 p.m., s .£1 Is. Consolidated Goldfields—ll.3o am., s 19s; 3.15 p.m., e 19s. Dominion Developing Co. —11.30 a.m., s JCI 2s 6d. Kbmata Reefs—ll.3o a.m., b 3d. Murray Creek, new, pd—ll.3o a.m., b 12s 6d Ross Reconstructed—ll.3o a.m., b 5s lOd, s’ Gs 2d; 3.15 p.m., b 6s, B 6s Id. Talisman Consolidated —11.30 a.m., b -62 2a, s oC2 2s 9d; 3.15 p.m-, b Ml 2s, s -C2 2s 6d, sal© .£2 2s 6d (reported). Waihi—ll.3o a-m., b Ml 13s 9d, s ,62 14s 6d: 3.15 p.m., b £2 13s 9d, 8 .62 14s 3d. Waihi Grand Junction —11.30 a.m., b -SI Gs 3d. s £1 7g; 3,15 p.m., b Gs 9d, 6 £1 7s 3d. Waitangi Consolidated, N.L. a.m., b Bd. Note, —The letter "b” signifies buyers, *ud ”s’’ sellers.

QUOTATIONS ELSEWHERE. Press Association. AUCKLAND. February 2.' Sales at this morning's call on. the Stock: Exchange:— Ross Reconstructed, 6s. Talisman Consolidated, £2 2a 3d. Waihi, £2 14s. Waihi Grand Junction, <£l 6s 9d. Taupiri Coal, £1 Is Bd. Auckland Gas, £1 9s 3dAuckland Gas (opnt.), 12a. Afternoon call :-W ■ Waihi Grand Junction.' £1 7s. Talisman Consolidated; '£2 2s 6d. Auckland Qaa (cont.), 12b 3d (reported) CHRISTCHURCH. February S. Stock Exchange sale reported : Natonal Insurance, £2 He 3d. DUNEDIN, February 2. Stock Exchange sales:— Ross Goldfields, 6s (two parcels). New Zealand Insurance, £b I7e. Westport Coal, £1 XOs 6d. ROSS MINE REPORT. Reporting on the work for the week ended January 29th, the mine superin. tendent of Ro.js Reconstructed, says; —' Mine 6th Level, No. 2 Shoot. —No. 3 south haa been extended to 212 ft from the shoot and stopped. At this point a prospecting; shaft will be sunk tor the purpose of testing and locating any layers of wash that may exist below this level. A start will bo made with this work this afternoon. * No. 2 south is now 101 ft from the opening, and io passing through wash of low value. No. 1 west has been extended to 84ft from the opening. This drive is also jn low grade wash. Two parties are blocking at this shoot —one off No. 1 west drive and one off No. 2 south- Both these faces are in wash of average quality. Cassius Woridnga, No. 3 Shoot. —East drive has broken through to some of Cassius blocking that Baa not beau shown on any of tho plans. This drive has been stopped, and a north drive opened to prove the extent and value of the wash left in this direction. Four shifts were lost during tho week owing to heavy rains necessitating the closing of the lock, thus causing the men to bo withdrawn from the working places. There are no changes to report aa to tho condition of the plant and machinery on mine, transmission Mne, powerhouse and races, and tnnnels, COMMERCIAL GABLES By Telegraph—Press Association—Copyright LONDON. February 1. NEW ZEALAND HEMP Market is steady at .226 10s per ton for March-May shipment. COTTON. The Liverpool quotation for American middling Upland cotton, January-Feb-ruary delivery, is 6.701 per lb. COPRA, On A quiet market South Sea bagged copra on the spot is quoted at from j 627 to £2B 10s per ton. RUBBER. Fine hard Fara rubber Is quoted at Ss 2id per lb: plantation crepe, 2s sid; smoked ribbed sheet, 2s 6d (all on the 6POt> ‘ PRICES OF METALS. Antimony—Regains, 20s lower on the week at Ml 103 per ton. FINISHED METALS, Fencing Wire—Best black, JJ7 2s M P0 Angle Steel—Ship quality, £o 7s Sd per ton. Wire Netting—As per revised list, 624 per cent, and 3J and 5 per cent, cash discount, FOR EUROPE. The quantities of wheat and flour afloat for the United Kingdom and the Continent of Europe on Saturday a •week ago, and at tho corresponding time last year, compare:— This week. Last week. Y’r ago. Qre. Qre. Qrs. For U.K. 2,755,000 2,595,000 2,61.0,000 For Europe 1,030,000 1.623,000 2,100.000 Shipments from American Atlantic ports amount to 289.000 quarters, compared with 246,000 quartets a week ago, and 431,000 quarters a year ago. Pacific Coast wheat put afloat totalled 48,000 quarters, as against 25,000 last week and 30.000 n year ago. The total quantity of wheat and flour shipped from all exporting countries dur-

ing the week ended January 31st was equivalent to 2,755,000 quarters of wheat, compared with 1,155,000 quartern in the previous week and 1,650,000 quarters a year ago. The weekly total includes 267,000 quarters of Australasian wheat. The wheat market ie quiet. Prices for Australian cargoes are steady, La Plata is easier owing to shippers being more disposed to sell. Thirty-six shillings is asked fox* New_ South Wales, just sailed,'and 35s 6d is offered. Six thousand tons of (Vest Australian, ex steamer, sold at 35s 7Jd per quarter.

HIGH COMMISSIONER’S CABLED REPORT. The Department of Agriculture. In dustriea and Commerce has received the following cablegram from the High Commissioner, dated London, January Slat. (Note —-Quotations, unless otherwise speeded, are average market prices Generally— I The market is dull and unsettled. Mutton —High prices are restricting business in the mutton market. Prices for North Inland have declined from 5d per lb to -t(d. LambHigh prices have been restricting business, but have declined. Other than Canterbury, 6jd. As high as 7d has beon obtained in more than one in. stance. The demand is chiefly for Australian, which' may be quoted Id lower. Beef —Stocks of . Now Zealand beef on hand are light. There is a fair demand. New Zealand hinds 4id per lb. fores 4d. Butter—The market is quiet, but there is no reduction in prices, with a fair demand. There is only a moderate demand for Now Zealand. Present -prices of New Zealand butters are expected te create an increasing demand. There is no change in prioeq for New Zealand, Australian, Argentine and Siberian. Danish. 125 s to 128 s per owt. Cheese—The market is quiet but steady, with no change in prices for Canadian. It ia reported that some sellers are bearing the market for New Zealand cheese. New Zealand white Sis 6d to 65a per cwt. There is no change in prices for coloured! ~ _ Hemp—Manila i The market remains firm. American buying continues in Philippines. Purchases to. date estimated at approximately 100,000 bales. At this end the market is quiet but Steady at last quotations. The output from Manila for the week was 19,000 bales. New Zealand: TJie market is quiet but steady . Fair hemp, in dock, offered at -02! to j£24 5s per ton. High point fair in same position has sold at J 625. Forward shipment, good fair, £2S 10s, fair .£2l ss. Sisal: The market, is steadier and the price is equal to £27 to. .£B7 10s per ton c.i.f. Europe, Steeles as at December 30th were 88,174 bales against 03.901 previous, year. Total exports for year 875.097 bales against 855,866 for the previous year. . Wool—The market is quiet but firm.

BRADFORD TOPS FIRMER. Dalgety and Co., Ltd., have been ad vised by their London office ns follows : We quote Bradford tope, 36’s to 70s quality, as under:— . Jan. 31, Dec. 31.

WELLINGTON CUSTOM'S. The Customs revenue received at Wellington yesterday .totalled .£2306 9e lid.

INVESTMENT Buyers STOCKS. SellersSales. X a. d. X a. d. X s. d. • Banka— National q£ New Zealand 5 5 9 5 7 0 New Zealand 11 17 0 — — Financial— National Mortgage, Ltd. ... 4 0 6 N.Z. and Biver Plato Land 2 0 0 Wgtn. Trust Loan, Ltd. ... — 7 9 0 — lias — Christchurch, X6. 8 17 0 a 18 6 Palmerston. N. 9 0 0 — — Wellington, X10 — 13 15 0 Insurance — South British of New Zealand 4 2 0 Meat PreservingGear Meat Cc., M ... 13 12 6 Gear Meat Co., XI 3 8 0 — ShippingUnion Steam, ord 14 6 15 3 Union Steam, prof. ... ... 0 19 10 . — Manufacturing— Mosgiei Woollen 3 11 6 Wgton Woollen* ord. ...4 10 — — Goal— Taupiri ... 11 0 Westport ... i— 1 10 6 — WeetportStockton ... *— 0 4 0 — Timber— Leyland-O’Brien 1 3 6 Mi Miscellaneous— C. M- Banks. Ltd. ...110 W.F.C.A.. XI pd. — 16 0

3G’s ■H)’s d per lb. d per lb. Hi 141 11* 46’a 50's 56’s 58's 60’s eo'9 &i’s iO’9 .... 10 15i 18* 21 .... 21* (common) (stipar) ... 26* .... 26* - 23 25J 28i 27* 28