COMMERCE AND MINING

New Zealand Times, Volume XXXVIII, Issue 8679, 12 March 1914, Page 2

COMMERCE AND MINING

wellingt6n stock exchange

’YESTERDAY’S QUOTATIONS. .' MINING. Blackwater .'Mines—ll-30 a.m., g LI Os Sd -, 3.15 p.m., s LI Ob 6d.,, Consolidated Goldfields—ll.3t> a.m.. e 19s j 3.15 p.m., s 19s. Progress—ll.3o a.m., s 14s; 3.15 p.m., Ross Reconstructed—ll.3o a.m., sale 4s Id (reported); 3.15 p.m., 9 4s. Talisman Consolidated —11.30 a.m., o L2 2s 3d, sL3 2s 6d; 3.15 p.m., bL2 Ss, s L2 2s 9d. ■ , „' AVoihi—ll.3o a.m., h L2 6s 3d; 3.15 p.m., b L2 5b 9d, e L2 ,6s 6d. " AVaihi Grand. Junction—ll.3o -a-m., « LI 0®: 3.15 p.m.. bLI 5s 6d; s LI 6s._ Waitar.gr Consolidated. N.L* —11-oii a.m., b Bjd; 8.15 p.m., T> Sid, Note—The letter'-Vb”. signifies buyers, unj ”s” sellers. INVESTMENT STOCKS,

•Reported. ‘ 0 ' QUOTATIONS ELSEWHERE. Press Association. • ■ AUCKLAND. Alarch 11. Sales at this morning’s call on the Stock Exchange:— i Roas, 4b. - - ■ vi ami. L2 7e, L2 6s. ; New Zealand Insurance, L 5 l!*t. ' Afternoon call‘ Auckland Gas, 28s. Portland Cement-Ss 6d.--- : Grand Junction, 25s eel. ; ew Waitaia, lid. DUNEDIN. March 11. Stock- Exchange sales:— ‘ TVaihi Grand Junction, Ll'ss 9d (nine parcels). AVaihi, L2 os 3d. AVestport coal, LI 10s 6d (three parcels).

Sales, reported Waihi Grand Junction, XI 5e 9d. Bank of New Zealand, J812. 15.,.' ; National 'Bank, IBS ,75.• - ’I" . roSs'return; The following telegram was received yesterday from the mine superintendent at Ross :—“Twenty ounces thirteen pennyweights frotn (500 trucks. Two shifts lost while repairing race, last Saturday, and’ considerable lost time since among employees. No developments .winze." FINANCIAL CABLES Rf Telegraph—Press Association—Copyrlglti LONDON. March 10., AUSTRALASIAN SHAKES. Quotations (middle prices) compare .vith those for a fortnight ago as fol‘°'V-’ Teb.24. Mar. 10. .' X X Australian Mercantile Land and Finance Co, i per cent. - debenture stock 93} 93} Oily of Svdnev 4 per cent. debentures (1912-1913) 98 99 Huigmy. and Co., Ltd., .4 per cent, debentures 92 93 Metropolitan Has Co., Melbourne, 4} per cent- de--bentures 99 99 Goiaoo.ough, Mort and Co., Lid., 4 per cent; “B" de- ■ bentnree ;... 35} 95} Ausualian and N.Z. Mortgage Co., 4} per cent, debentures 96 86 tialgety and Co. ordinary shares, buyer.. j>B 2s 6di sellers =£6 12s 6d.

COMMERCIAL ; CABLES LONDON WOOL SALES. Bv Telegraph—Press Association—Copyrlgin .. . LONDON. March 10. At the wool coles price® tor medium crossbred® were in buyers' favour; Ji'or all other sorts there was strong competition and firm prices. (Received March 11. 10.5 p.m.) LONDON,. March 11. At the wool sales the following prices were realised for the fleece portions of the clips named :—Ara, top price 13R1, average 12|d; Haunui, 13d, lad: Vvaxau, lUd, Hid. ■ The New Zealand Loan and Mercantile Agency Co., Ltd., have received the following cablegram from London, under date March 10th 1914:—"As compared with last sales’ closing rates prices are higher about 7J to 10 per cent., merino scoured, greasy merino super, iambs merino,, greasy merino medium, scoured crossbred, greasy merino inferior, and higher about 10 per cent., crossbred lambs, crossbred sups, and greasy crossbred. The competition continues spirited and America is operating freely.' The Bank of New Zealand has received the following cable advice from London,'dated • 10th inst.:—"Current prices for North Island farmers’ lots in average' condition : Coarse crossbreds, 36-40’s .quality, lid to Hid per lb; medium crossbreds, 44-46’s quality, H|d to 12id per lb; fine crossbreds, 50’« quality. 12Jd to 13id per lb. Current prices for South : Island fanners’ lots, Canterbury style, in average condition: Inferior merino common, 60-64’s finality, lid- to Hid per lb- superior merino super. 60-64 s quality, ltd to ISd per lb; half or quarterbred, 56’s quality, 13Jd to 14$d per.ib.” LONDON. -March 10. PEARL SHELL, The pearl shell sales have opened. 1726 .cases offered and 10-h) sold. All lig.T, sorts were neglected, but. old defective showed an advance in "rice. JUTE. Native first marks. March-April shipment. i-31 10s per ton. ‘ (Received March 11. 9-35 p.m.) LONDON, March. 11. VISIBLE AMERICAN WHEAT. ; The visible supply of American wheat and flour east of the Rocky Mountains is estimated bv "Bradstreet’s" as the equivalent in wheat of 107,884.000 bushels.

compared with 110,446,000 bushels ft Tteek ago, ftnd 115.450,000 bushels a year ago. • (Received March ' 11, ■ 10.5 p.m.) • v ’ Match 11. ■ PPlOfcS OF METALS.' Copper.—On the ■ spot, •' i!64 per ton; at three months, JE6I 9s 8d; electrolytic. the spot. .£172 15s »>6r ton; art three months, *6174 12s 6d. WHEAT. Wheat is inactive, shippers holding for previous prices. LIVE STOCK SALES. AUCTIONEERS* REPORTS. Abraham and Williams, Ltd. At Johnaonville yesterday a good entry of bullocks and prime came .forward, and ©old well at late rates. Rrime bullocks made £l\ to <£ll 12s 6d, er iitO 12s 6d to 15a. vealere 29s to 80s, prime wethers 20s 8d to 21s 3d, good wethers I9a-0d to Ms,pnmeheavyew<» fid to 20s good ewe© 16s "a to 178, woolly lambs 15s 6d to 16s, shorn lambs 13s. to Its. i ,

Dalgety and Co., Ltd. Af Pabautanui on Tuesday stock came forward well above advertised numbers. 1987 sheep being yarded. We eflected ft total clearance . by auction under th keenest competition. Certainly the quality of the stock was above average yardimrs, the wethers offered on account oi Messrs Pearce Bros, and the ewes on account of .Mr Hatton Miller teing cxcentioually good unes. Buyers attended S large numbere. and were o resent from the Leyin aud Mnnuivatu district®. Cur principal sales weie aS Cto*account Mossrs Pearce Hros.; 250 !y?f„ s awsvas JSk m. i""*" 1 “tmtioonnl Mr T. Main, SOO t and 5-vear-old ewes* Xss 3d: __ M , onCk * On account Mr Hatton Miller: 320 i.m. ewes Us 7d, 80 ewe lambs 10s sd. On account other vendors: Small ( snoni lambeTsd. small blaf fade lambs , A Hue of 382 small woolly minus br A lK fair S yai'dinff of cattle met with f&sr»n'pr t, < t x aas-4S sS'S-iT^ steers 323 16s. 2 to 2i-year steers M 18s. New Zealand Loan and Mercantile Agency Co., i/ta. At Apiti on Tuesday we yarded 2500 sheep and 100 head of cattle, mostly There was , a good attendance of buyers, and bidding was brisk, most lines teine quitted at auction, and only two of sheep being turned ont unsold. Quotations bneep: lambs 6s 9d to 7s 6d. medium lambs ;S lid to 9s Id, good condition lambs 10s 5d to 11s 3d. cull ewe® 5s to 6s, low condition ewet lOs 8d to 11s Id, small frame 4 and 5-vear ewes 12s 8d to 13s 9d, mixed age ewes 14® to Ms 9d, good cwes td to 16s Id 2400th ewes 15s Bd, iewes 15® 7d, 4 and 6-tooth ewes 15s, cull wethers 12s 6d to 13s 9d, medium wethers 15s to 15s 6d. forw-ard wethers 16s 3d to 17s 2d. BUM S = 2-tOoth S.D. (email ) 3* to 4gns, aged Southdown 2gns to 2igns 2-tooth Uomney rams If to Signs, aged rams 6s 6d to 9a 6d, t.m. rams 15s to ISs 6d._ Cattle; weaners 255, good mixed weaners 38s, weaner steers 275, weaner healers 295, small weaners 10s to ,18s 6d, store cows £2 2s 6d. empty heifers -£3 11s. Pigs: Forward stores 37e 6d, slips 12s, sow 20s. ■' • , ADDINGTON MARKET. Press Association. . CHRIST HTJRCH. March 11, At Addington fhs entry of store she was again a very large one, but the yardings of iat sheep ana lami>s wei\ somewhat smaller. Fat cattle were easier, and there was a decided rise in the price of fat lambs on account of keen competition for export, especially by one firm. Store sheep of all classes sold well and fat sheep were very firm- Heavy fat

pigs wera telightly' easier, but porkers were unchanged. : ; - f The sale of store aheop opened very briskly, oompetition -, bcing keen for owes at prices oil’-a nnarwifch 'those jraling-a Week earliej*. •' Fpr wethers there was no change in values, and the same may lie said of lambs. '..Twxjjtpoth esyes made 18s to 2ss 9d, ,four-tootli ~lßs to 235, 9d, six and eight-tooth 14s to 19s Id, eoundmou,bhed owes 12s to IBs Bd, aged Owes 8a 6d to 14s, two-tooth wethers 13s Od to 15e Id, four and six-tooth 14s 6d to 19s 6d, rape lambs 11s 8d to ISa Bd, email 8s to 8s 6d ewe lambs 16s Id.

The quality generally of fat lambs was fairly good, and there were several lines of. very prime ; lambs offered. Prices showed a marked improvement os compared with the late eale. The range of prices was-.—Tegs 19s 6tl to 31s 9d, extra to 23s Bd, average weights 17s to 19s, light, and unfinished 13e 4d to 16® 6d. The yarding of fat, slicop showed a falling-off in numbers. The quality was about up to the usual average and prices were .firmer-than last week. Several lines of Chatham Island wethers topped the market; The range of prices was;—Prime wethers 21® to 24s 7d, others 17s to 20s 6d, prime ewes 18s to 22s lid, medium ewes 15s 6d to 17s fid, aged aud light 13s lOd to 15s, merino ewes 12s. The yarding of fat cattle was an average. At to-day*® sale the weakness noticeable at the markets held during February ahd March was greatly accentuated, and all classes of beef showed a decline equal to Is per 2flolb the current price being 27s to 30s. Quotation® were: —Steers made £1 17a Gd to .£ll. extra to j 613 15s, heifers dJS 17s 6d to -£8 10s, cows 395 to £ lO 3s Gd. A small entry of store cattle met with a - good demand,, yearlings Selling at 38a. 15 to 18-month £3 2e 6d and £3 15s Gd, ; 2-year steers .£4 8s to 3G4 12s 6d, 3-year steers £6 Ss to 307 10s, 3-year heifers £5. Chatham Island store cattle sold at from .£3 15s for 15 to 18-month up to J 96 5s for 8-yenr steers. 1 Dairy cows sold well, the top price be. ine, jCIS, 105,.Fat Pigs,—Quotations are: Chopper® £3 to -£5, heavy baconera 62s 6d to 78s. lighter baconers 50s to 60s (price per Ib.Sd to sld), heavy porkers 46s -to 48®, lighter porkers 40s to 44s (price per Hi GJd). Store Pigs.—Quotations are : Best store® 36s to 405,. medium stores 28® to 355, small stores 22s to 27®. weaners 15s to 18s, sows in pig to M IS®. WELLINGTON CUSTOMS. The Customs revenue received at Wei lington yesterday totalled JE5207 14® 7d.;

Buyers Sellers. Sales. ■ J6 S d £ s rl J1 'a - d Banka— • , National of . 5-7-6 New Zealand — V MV 1.1 lift (ex rights) ... — 0 10 0 — New Zealand 0 4 19 (rights) ... 4 18 0 tralia. * ... — 58 0 0 Equitable Build., ' m Ltd. ... ... 8 17 Wgtn Invest. T. 6 - - and*'A.‘Co.’ ’ *■* 0 11, 3 Gas — , ; - 1 8 0 ■ ? . Auckland ... — * Wellington, oElO ... - 16 0 Meat Preserving— Wgtn Meat ii.sijort. J£2 0 12s 6d ... 3 3 ShippingUnion Steam. 0 ord. — Union Steam* 1 4 0 M 0 3 pref. ... — “ Manufacturing— Kaiapoi Wool0 len, ord. ... b 3 Mosgiel Wool6 len ... “ \Vgtn. Woollen, 0 3 12ord 4 0 Wgtn Woollen 4 2 t) : pref. — 3 0 CoalWest portO' Stockton ... — Timber— Leylaud0 Bnen ... 1 » liiscellaneousGolden Bay Ce9 4 9 ment. Co. -0 17 Maiming and • 9 Co... Ltd. ... 4 0 0 Ward and Co. 5 0 0 — — . W.i'.C.A., Jil - 1 6 0 —