COMMERCE AND MINING

New Zealand Times, Volume XXXVIII, Issue 8683, 17 March 1914, Page 2

COMMERCE AND MINING

WELLINGTON STOCK EXCHANGE YESTERDAY’S QUOTATIONS. MINING. Blackwater Mines—ll.3o a.m., b -Cl 0s 3d; 3.15 p.m-, s JEI 0s 3dConsolidated Goldfields —3.15 p.m., s ISs 9d. Ross Reconstructed—ll.3o a.m., b 4fi Gd, a ss; 3.15, b 3s p sale. 4s 9d (reported). Swastika, £.\ paid.—ll.3o a.m-. s 10sTalisman Consolidated —11.30 a.m., b £2 Is 6d, s £2 2s 3d; 3.15 p.m., b .£2 Is 9d, o JJ2 2e. AA r aihi —ll.3o a.m., s 7s; 3.15p.m., b £2 6s 3d. s <23 6s 9d. AVaihi Grand Junction—ll.3o a.m., b £1 5s 6d, s £1 7s. Waitangi Consolidated, N.L.—11.30 a.m.. b lOd; 315 p.m., b 10d; sale (reported). AVorksop Dredge—ll.3o a.m., b £i 4s; 3.15 p.m. b ,£1 5o 6d. Note—The letter “V’ signifies buyer*, and "s” sellers. INVESTMENT STOCKS.

QUOTATIONS ELSEWHERE. Press Association. AUCKLAND, March 16. , Sales at this morning's call On the Stock Exchange:— Ross, is Bd, 4s lOd. , ■Waihi, 46s 3d, 46s 9d. Grand Junction, 265. DUNEDIN, March 16. Stock Exchange sales: Progress Mines, 13s 6d (two parcels). Bank' of New Zealand (rights), £i 18s. Sales'reported National Bank, J 35 7s. New Zealand' Insurance £5 15s. Auckland Gas, All 7s 9d. / ROSS GOLDIFELDS. The Ross Goldfields mine superintendent reports for the week ended, March 12th:— I kune Sixth Level, No. 2 Shoot—No. 5 south has been driven to 64 feet from the opening; for the whole of this distance -the prospects have averaged ,1.2 grains to the dish, which is equal to 6s per truck. No. 2 east drive, has, been opened off No. 5 south 48 feet south of No. ,1 east and; driven 12 ; feet in wash of equal - .quality to that being obtained in No. 5 south. When the wash being being opened; np in these two drives io brought under blocking operations with an increased, staff of men the, returns should be considerably increased. One party is blocking east and west off No. 2 south. The east face is of payable quality, and the west face , is only slightly lower in value. One party is blocking east off No. 4 south, in. wash averagingabout one grain per dish. Prospecting Shaft—This has reached a depth of 75 feet, and for the last two feet has passed through what is .known as terrace bottom, which is more favourable for sinking than anything met previously in this shaft, and while it continues better progress will he made. Al•■hough the ground being passed through is not washdirt it is being carefully sampled, and only a colour of gold is being obtained. . Two shifts were lost during the week owing to a break occurring in the race; On Saturday, and Sunday last the jock was closed in order that repairs could be, effected, and, as a- consequence, the winze filled with water, which took three shifts to bale out. ’ , . •

COMMERCIAL CABLES By Telegraph—Press Association—Copjright LONDON, March' IS. NEW ZEALAND HEMP. The market is steady. March-May shipment is quoted at .£26 per ton—ss higher than last quotation. - • COPEA. The market is flat. South Sea, in bags, is quoted at J 326 10s per ton. Last quotation. .£27 to =£27 2s 6d. COTTON Liverpool quotation for American middling Upland cotton, Miaroh-April shipment, is 6.68 d per lb—unchanged. ; EUBBEE. , Fine hard Para, unchanged, at 3s per lb: plantation first latex crepe, 2s Aid (id higher); smoked ribbed sheet, 2s 44d. BEBADSTUFFS POE EUROPE. ; The quantities of wheat and flour 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. Qrs. Qrs. For U.K. ... 3,925,000 3,770,000 3,500,000 For Europe 2,265,000 3,016,000 3,250,000 Shipnreiita -from American • Atlantic ports amount to 309,000 quarters, compared with 379,000 quarters a week ago, and 265,000 quarters a year ago. Pacific Coast wheat put afloat totalled 5000 quarters, as against nil last week and 10.000 a year ago. _ The total quantity of wheat and flour shipped from all exporting countries dnr. ing the ideek ended March 14th was equivalent to 1,525,000 quarters of wheat, compared with 1,205,000 quarters in the previous week. and. 1,505,000 quarters a rear ago,. The weekly total includes 340.000 quarters of Australasian wheat. The wheat market is dull and prices unchanged; 36s 4Jd is asked.

HIGH COMMISSIONEE’S CABLED EEPOET.

The Department of Agriculture, Industries and Commerce has received the following cablegram from the High Commissioner for New Zealand, dated London. March 14th. (Quotations, unless otherwise specified, are for average market prices oh spot:—: Mutton—The market is ' firm: North Island, LJd per lb. The demand m chiefly for light. weight, • at as high as 4ld per lb.' There is a dull sale ■ for heavy carcase of mutton at 4-jd per ib. Lamb —There is a good demand for all lamb, but prices have slightly declined for all grades on account' of the large supplies coming forward. Canterbury two'?. 6id ,'per lb. Heavy weights, 6|d. Other than Canterbury, Sjd per lb. Beef —The market is very dull on account of the supplies of American chilled

beef being large, but there is no change in prices. New Zealand hinds. 4id per lb; fores. 4d. Chilled hinds, 5d per lb; fores, 3jd. , , . River Plate shipments received during tho month of February. 1914:

Butter—The market is dull and prices are irregular. Danish, per cwt, 12L to 124 - New Zealand, 110 s to 114 s; Australian. 108 s to 112 s; Argentine, 108 s to 110 s; Siberian. IOSs to 112 s. Cheere—The market is steady at the decline. Canadian, market slow white, per cwt, 68s to 70s; coloured (0s to ;lsi New Zealand, in fair demand, white, G2s to 63s 6d; coloured, 64>s 6d to Los 6d; Australian, white, 62s to G2s 6d; coloured, 63s to 655.' . . , , Hemp—The market is somewhat steadier and there is more demand. Zealand, good fair; per ton, £25 ss; fair, £22 10s. April to Juno shipments, good fair. £25 15s; fair, £22 15s. The stock at the end of February, was 1653 tons, Manila, fair current, per ton, £26 10s ■in alii positions. The output trom Manila for tho week was 20,000 b ales ,- Sisal—The market is quiet at £26 10s P6 A\ r heat—The 'market has declined by 3d per quarter.

The Customs revenue received at AA’ellington yesterday totalled £4317 ,2s 9d.

Buyers. Sellers. Sales. £ e d Ji s d. a U Bants— National of N.Z., Ltd.... — 5 7 6 — NV'.v Zealand i(rights) ... 4 17 6 4 19 0 — Financial — Wgtn. Invest. T. and A. Co., (cum rights) — 0 11 3 — Gas— Christchurch, £5 — 7 10 — Insurance— South British of N.Z. ... - 4 7 3 - Shipping— Union Steam, pref.... ... 1 0 2 — Manufacturings Kaiapoi Woollen, ord. ... 3 4 0 — — Kaiapoi Woollen, pref. ... 5 3 6 —, M Mosgiel WoolIon ... ... — 3 12 6 — Wgtn. Woollen, ord 4 0 0 ■ Coal — WestportStockton ... — o o Timber— LeylandO’Brien ... 1 3 9 Taringamutu Totara Sawmills, Ltd. 2 5 0 W M i'fecellaneoas— W.P.C.A., £1 paid — 1. 6 0 —

Mutton. 28,400 I/amb. 7.581 Liverpool 81,725 5,000 9,008 600 7,896 1.035 Newcastle 12,077 3,610 770 3UJ Totals, Feb.. 1914... 133,708 ' 18,894 Totals, Feb., 1913... 209,-105 36,605