COMMERCE AND MINING

New Zealand Times, Volume XXXVIII, Issue 8733, 15 May 1914, Page 2

COMMERCE AND MINING

WELLINGTON STOCK EXCHANGE YESTERDAY'S QUOTATIONS. MINING. Murray Creek, old, pd.—11,30 a.m., s 8s 6d prem; 3-15 p-m., s fe 6d prom. Murray Creek, new, pd—ll.3o a.m-, s Ss Cd prom; SAu p-m-, « Ss fid prem. Ross Becon.struotcd—llJiO urn, 1» 4s Id, s 4s sd; 3.15 p.m., s 4s 4d. Talisman Consolidated—ll.3o a.m.. s AT 16s, sale ill 16s (reported); 3.15 p.m., s £1 16s. sale .81 life 9d (reported). Waihi—ll.3oa.m., b JS 2s, sale £2 2s 3d (reported); 3,15 p.m., b £2 2s 3d. Waihi Grand Junction —11.30 a.m., s Al Cs; 3.15 p.m., s JT 6s. .AVaitangi Consolidated. N.L.—11.30a.m., b Id Id. OILS. Taranaki (N.Z.) Oil Wells, Ltd.. 361 pd. —11.30 a.m., b Is; 3.15 p.m., b 4s. Note.—The letter "b” signifies buyers, and "s" sellers. INVESTMENT STOCKS. Buyers. Sellers. Sales. JiodJlsdJiao BanksNew Zealand A 3 6s 8d ... IX 5 0 New Zealand, A 6 13s 4d ... Financial— i Metropolitan Permanent. AlO Nat. Mortgage, . Ltd 4 5 0 Wgtn Invest. T. and A. Co. ... 0 11 0 Gas — Gisborne ... —2 2 0* Wellington. AlO 16 6 6 16 8 0 Insurance— South British of New Zealand 4 8 6 Shipping— N.Z. Shipping Co., ord. ... Manufacturing— Kaiapoi 'Woollen, ord. ... 5 5 0 Wgtn. Woollen, Co., ord. ... 4 4 0 Timber— LeylandO’Brien ... M iscellaneone— Golden Bay Cement Co. ... 0 19 6 Sharland and Co. Ltd. prof 12 0 W.F.C.A., A 1 paid “ 1 « 0 ” 1 'Reported. QUOTATIONS ELSEWHERE. Press Association. AUCKLAND, May 14. Sales at this morning's call on the Stock Exchange New Zealand Insurance, A 6 3s. Northern Coal Co. (10s pd), 9s 6d. Auckland Gas, 30s. Do von pun. Steam, 345. Waihi 42s 6d. Talisman Consolidated, 35s 9d. Waihi Grand Junction, 245, 25s 3d. Ross Goldfields, 4s Id, 4s 2d. CHRISTCHURCH, May 14. Stock Exchange sales : Westport Coal, 30e. Union Steamship (pref), 21s. Wellington Gas, Al 6 7s. Ross Goldfields, 4s 3d. National Insurance of New Zoalhnd, A2 13s 6d, DUNEDIN, May 14. Stock Exchange sales: Waihi, A2 2s 6d. Waihi Grand Junction, A 1 6s. Sales reported:— National Insurance, A2 13s 6d. AVestport Coal, A 1 10s. New Zealand Paper Mills, 16s. FINANCIAL CABLES Br Telegraph—Press Association—Copyrlghi LONDON, May 12. BANK AND AUSTRALASIAN STOCKS. Bank of Australasia (A4O paid), buy* ers, 32120, sellers A 122. Bank of New .South Wales (A2O paid), buyers A 42 10s, sellers A 43 10s. Union Bank of Australia (A 25 paid), buyers ASB, sellers AGO. Bank of Victoria (ordinary) (A 5 paid), buyers A 4 sa, sellers A 4 15s. National Bank of Australasia (ordinary A 5 paid), buyers A 5 15s, sellers A 6 SS. National Bank of New Zealand (A 1 10s paid), buyers A 5, sellers A 5 10s. Bank of New Zealand (A 3 10s paid), buyers AlO 7s 6d, sellers AlO 17s 6d. Dalgety and Co., Ltd. (A 5 paid), buyers A 6. sellers A 6 10s. Middle Price*. A Bank of New Zealand. 4 per cent. guaranteed stock (ox div.) 99 New Zealand Lean and Mercantile Agency Co. 4 per cent, prior lien debenture stock 92 City of Melbourne 4 per cent, debentures (ex div.) 98 Melbourne Harbour Trust 4 per cent bonds 101 Melbourne Tramway Trust 4) per ■ cent, debentures 102 Melbourne and Metropolitan Board of Works 4 per cent, debentures 99 COMMERCIAL CABLES • LONDON WOOL SALES. By Telegraph—Press Association—Copyright LONDON. May 12. There was a very good sale. Prices for crossbreds were firm, and for merinos unchanged. \ The New Zealand Loan and Mercantile A gene* Company, Ltd., has received the following cable from London, under date 12th inst., regarding the progress of the London wool snlos Hie competition continues spirited, and the market is fi Dalgetv and Company, Ltd. have received the following cabled information from London; —“The wool sales continue animated. but prices for fine greasy wool- especially New Zealand greasy merino wools, are scarcely maintained. LONDON, May 13. At the wool sales the following prices were realised for the fleece portions of Iho New Zealand clips named -.—Lakes, top price l2d, average ll)d; Wharanui, 131 d and Hid; Mcrciston, J2ld and Hid; Wairere. lid and 10id; Kau, ll'ld and Hid. A meeting of the Colonial Wool Merchants’ Association decided not to limit the fourth scries. LONDON, May 13. At the wool sales the market was firm, with competition well maintained for all sorts.

Levin and Co., Ltd., have received cable advice from Loudon that the following clips have been sold on their account at the sales now current, the prices named being the average price realised tor the fleece wool in each instance:— “.TLA.” Nelson, 11 3-Gd; “PEN.” Nelson, I0Jd; “WITF and Wf'X,” Nelson, 10 7-IGd; “Glcndhu,” Martinbo rough,' lid; “’Valdor,” Masterton. Did; "FG/N,” Nelson, 13id, 10}d, 9 13-16 d. The Now Zealand Loan and Mercantile Agency Co.. Ltd., has received the following cablegram from London, under date Say 33th"Wheat.—We have sold an Australian cargo at 3Ts. c.i.f. The market is firm and there is a fair demand, but the- outlook is uncertain. We

quote per quarter c.i.f., New Zealand wheat: Longberried, 34s 9d: shortberried, 34s 3d. Oats—The market is firm and there is a fair demand. We quote; Garton, 21s 3d; sparrowbills, 20s 9d.” LONDON. MaJ 12. SILVER AND GOLD. Bar silver is quoted at 26Jd per oqnce standard. Bar gold, 77s 9d per ox. WHEAT. The wheat market is firm, and a good dc;r and is reported. JUTE. Naiwe first markt. May-Juno shipment, £33 10s per ton. WHEAT. The market is easier. PRICES OP METALS. Copper.—On the spot, £G3 5s per ten; at throe months, £63 15s; electrolytic, £65 10s. Tin.—On the spot, £153 Ss per ten; at three months, .£155 ss. LONDON, May 13. TALLOW. At the tallow sales 1310 casks were offered, and 716 sold. Prices were unchanged. SILVEE. | Bar silver is quoted at 26 15-ldd per ounce standard. LINSEED OIL AND TERPENTINE. Linseed oil, .221 10s. Turpentine, 325. PEARL SHELL. At the pearl shell sales of Aroe 49S cases were offered, and 164 sold; West Australian, 1186 and 406; Queensland, 1158 and 558. Prices realised: Aroe, chicken light and medium, 14ijd; mcd'ium bold, 17d; pickings, 12d; West Australian, 14d, IGjd, and 12d; Queensland, 12id, 16id, and lid. Continental demand was slack, and American very dull, owing to the Mexican tronble. AUSTRALIAN GRAIN AND PRODUCE. (Received May 14, 8.35 p.m.) SYDNEY, May 14. Wheat, 3s lO|d to 3s lid; flour, .US to £8 ss; oats. Algerian feeding 2s to,2e 2d; milling 2s 3d to 2s 4d; barley, English 2s 6a 1 ; maize, 3s Kkl; bran and pollard, £3; potatoes, Tasmanian .£5 to £5 Ws; onions, Victorian £7; butter, selected 104 e, secondary 90s to 945; cheese, 9jd; bacon, 9d. t ADELAIDE, May 14. Wheat, 3s JOJd to 3s lid; flour, £9 to £9 ss; bran, Is Id; pollard. Is 2^d. HIDES. MELBOURNE, May 14. Hides. —There was an average catalogue, with good competition. Prices are unchanged. , CHEESE MARKET PROSPECTS. In a letter dated London, April 3rd, Messrs Rowson. Hodgson and Co. report; —"Owing to the shortage of Canadian cheese tills season, wo have had to buy a great deal of New Zealand cheese in London, •which, however, has not been very profitable, because we can only f.ervo the market at the price we paid, and any we had over had to go, at a loss, and as we haw:- had a drooping market the business for three months boa been unsatisfactory. Wo shall be very much surprised if Canada does not produce for export more choose than last year, and we are not at all sanguine of the high prices prevailing which a lot of people ate forecasting." LIVE STOCK SALES. AUCTIONEERS’ REPORTS. Abraham and Williams, L(d. At Johneonvilic on Wednesday we had a fair yardinw of cattle and a good entry of sheep which sold readily at last sale's rates. Prime bullocks made £ll 12s 6d to £l2 2s 6d, lighter sorts £lO 2s 6d, prime venters 38s Gd to 445, prime wethers 23a 5d to 23s lid, prime ewes IBs. 6u to 19s 9d, heavier sorts 20s 6d, prime lambs 13s 8d to 16s 4d. N.Z. Loan and Mercantile Agency Co., Ltd. At Rangiwahia on Tuesday we had a

fair entry of sheep and a small yarding of cattle. Sheep sold well, every pen being quitted at full market values. Fair lamos made 13s Gd to 13s, medium ewe lamb. Us. mixed lambs 14s Gd, forward wethers 21s Od. 15-month heifers £2 ss, mixed 30-month cattle £i 9s, aged cows 335. - Dalgcty and Co., Ltd. At Palmerston North yesterday a good entrv of sheep and cattle came forward. We disposed of the whole lot of the sheep.

but cattle did not equal reserves. Mixed age ewee (m lamb to Romney rams) made 12s 3d, mixed age owes (in iamb to Southdown rams) 15s‘8d, ewes (in lunih to Southdown rams) 17s lOd to 18s, good condition lambe 16s, mixed 1 lambs to 13s store cull ewes 6s 7d, cull weaner calves 14s to 18s, medium weaners to 37s 6d. forward heifers £i 17s 6d, fat cows £5 17s 6d, dairy cows A 5 5s to £S 10s, good dairy heifers £6 10s. ADDINGTON MARKET. , Press Association. CHRISTCHURCH, May 13. At Addington, live stock market there were large entries of fat stock, but the entries of store sheep showed a falling off. Fat cattle Bold exceptionally well, there being a sharp rise in prices and fat sheep were prime. Tho only change in store shoep was that inferior were easier. Fat pigs sold, at last week's rate®. Store Sheep—Two-tooth ewes 17e, 4 and 6-tooth 15s 6d to 16s lid, 4, 6 and 8-tooth to 16s sd, 2,4, 6 and 8-tooth 15s 6d tq 16s, full and failing month 11s, to 12s 3d, aged, ewes 4s to 9s 3d, merino ewes 5s to 5s 3d. Lambs—Good 13s 8d to 14s 6d» extra good to 16s, fairly good 11s 6d to 13s, very medium 10s 34 to 10s 9d. small Ss Gd, ewe lamb® 14s 6d to 15s 6d, 4 and 6-tooth wethers 17s to 18s, 4, 6 and 8tooth 17s 9d. 2, 4 and 6-tooth 16s 6d to 18s, 2-tooth wethers 15s to 16s, small halfbred wethers 13s 7d. There was an entry of 7981 fat lambs. Prices—Tegs 20s to 23b 9d, average freezing weight 18s to 19s 9d, light and unfinished 15e 6d to 17e 9d. Fat Sheep—Extra prime wethers to 28s 3d, prime wethers 21s 6d to 255, other wethers 15s 7d to 21®, merino wethers 15s 3<J to 22s 9d. extra prime ewes to 255, prime ewee 17s 6d to 23s medium ewes 14® 6d to 17s. aged and light ewes 12s to 14s. / Fat Cattle —Steers 267 10s to 2611, extra to £l3 12s 6d. heifers 365 7s 6d to 3611, cow® £5 to 369 10s. Store Cattle —Two-year steers 364 5s to £4 10s (the latter being paired), 2-year heifers £3 17s 6d, 3-year steers (a lino ef 57 cows) £2. (passed) cows 362 to 334 9s, Holstein corns (from south) 366 2s, 2year Holstein heifol's 364 15s. Dairy Cows —For the best sorts there was free competition, but inferior sorts were not in request. Representative prices wanted from 363 2s 6d to JillFat Pig®—Choppers 70s to 1355, heavy baeonm-s 60s to 68s, extra heavy baconere to 725. average baconers 46s to 555; price per lb 5d to 5Jd. Heavy porkers 44s to 45s lighter porkers 38s to 435; price per lb 6d. Large stores 35s to 395: medium stores 28s to 445, email stores 18s to 275, small weaners Gs 6d to 10s, large woaners XOs fld to 13s. The Customs revenue received at Wellington yesterday totalled .£2458 14s Bd.