COMMERCE AND MINING

New Zealand Times, Volume XXXVIII, Issue 8736, 19 May 1914, Page 2

COMMERCE AND MINING

WELLINGTON STOCK EXCHANGE YESTERDAY'S QUOTATIONS. MINING. Consolidated Goldfields —11.30 a.m., e ISs fid: 3.15 p.m., b s, e ISs fid. Murray Creek, old, pd.—11.30 a.m., s fe 6d prem; 3.15 p.m., s Be 6d prcm. Murray Creek, uerv, pd—ll.3o a.m., s os 6d prem; 3.15 p.m., s 8s fid prem. Boss lieconstruoted —11.30 a.m., b 4s; 3.15 p.m., b 3s lidTalisman Consolidated —11.30 a.m., b £1 15s fid, s £1 Ife 3d; 3.15 p.m., s Jfil 16s. Wailn—ll.3oa.m., b .£2 3s 9d; 3.15 p.m., b J 23 3s 3d, s £2 3s 9d. Waitangi Consolidated N.L.—11.30 a.m., b Is Id; 3.15 p.m„ b Is. OILS. Taranaki (N.Z.) Oil Wells, Ltd.. £1 pd. 11.30 a.m., b 4s 3d, e 3.15 p.m.. s ss. Note.—The letter "b" signifies buyer*, and “s” sellers. INVESTMENT STOCKS.

•Reported. QUOTATIONS ELSEWHERE. . Press Association. AUCKLAND, May 18. Sales at this morning’s call on the Stock Exchange Watchman. 2s 6d. Talisman. 35s 9d. CHRISTCHURCH, May 18. Stock Exchange sale:— Permanent Divestment (Canterbury), £ ' J si ' DUNEDIN, May 18. Stock Exchange sales: — Union ■Steamship Co. (ordinary), £1 5s 9d (two parcels). Stock Exchange quotations:— Dredging stocks—Electric, buyers 2s 6d; Rising Sun, buyers 19s 3d, sellers .£l. Mining stocks—Progress Mines of New Zealand, sellers 13s Sd j Waitangi, bny-<-ra Is; Talisman Consolidated, buyers ill 15s 3d. sellers .£1 16s 3d; Waihi. buyers £2 Ss Gd, sellers £2 -te 3d; Waihi Grand Junctions, buyers £1 4s 6d, sellers £1 5s 2d. , „ , Investment et acts —National Bank, buyers £5 13s; Bank of New Zealand (old), buyers £ll 3s; Union Bank, buyers £6O 10s; National Insurance, sellers £2 X4s; New Zealand Insurance, sellers £6 3s 6d; Standard Insurance, buyers £1 13s 6d; Union Steam Ship Co., buyers £1 5s 9d s .Union Steam Ship Co., buyers £1 Is sellers £1 Is 2d; Westport Coal Co., buyers £1 10s; Dominion Rubber. sellers 19s 8d; D.I.C, (prof.), buyers £1 2s; New Zealand Paper Mills, buyers 16s; New Zealand Portland Cement, sellers Us 3d; Donaghy's Rope and Twine (ex div.), sellers £1 ss; Vvnitcorabe and Tombs, buyers £5 17s 6d; Wriight, Stephenson and Co., buyers £6 10s. COAL EXPORTS FROM GREY. Press Association. GREYMOUTH, May 18. Lost week’s coal exports totalled 8075 tons IGcwt, made up of:—Point Elizabeth 2263 tons 15cwt. Liverpool 820 tons 7owt. Blackball 2636 tons 4owt, Brunner 329 tons, Paparoa. 2026 tons lOcwt. COMMERCIAL CABLES

By Telesruph—Pnu> Association —Copyrlch* FROZEN MEAT MARKET. LONDON, May 17. The Incorporated Society of Meat 1m porters' Smithfield market quotations for tho undermentioned classes of frozen meat are based on actual sales of not less than one hundred carcases of mutton or lamb or twenty-five quarters of oeef of fair average quality. The quotations are not for selected lines, but for parcels fairly representative of the bulk of the shipments now on the market. The prices which follow are on the average a farthing per lb more than the values ex ship, this difference representing an average cost in expense, handling, conveyance and selling the meat. New Zealand Sheep. Canterbury crossbred wethers and/or maiden ewes, 48-50 lb, 4sd. Ditto. 64-721 b, 3 13-16 d. Southland, 56-611 b, sd. North Island crossbred wethers and maiden ewes, sfi-641b, 3fd, Ditto ditto, best brand, 56-641 b, 4d. New Zealand ewes. 46-641 b, 3 5-16 d. Australian Sheep. Light crossbred and/or merino wether*. 35-551 b. 3 9-XGd. Heavy ditto, «-601 b. 3 7-16 d. Ewes, 30-Solb, 3|d. South' American Sheep. Light crossbred and/or merino wethers. 40-551 b, none offering. Heavy ditto 56-721 b, 3 9-16 d. Ewes, 48-Gllb, BJd. New Zealand Lambs. Canterbury lambs. 2S-361b, Bid. Ditto. 36-421 b, 6ld. Ditto, 42-501 b. 54d to 6d. Southland, 28-431 b, s{d. North Island selected brands, 28-421 b. 6d. North Island, 28-421 b, 5Jd. Australian LambsBest brands, 28-421 b. sfd. Fair quality, under 361 b, 5Jd. Inferior quality (light weights), SJd. South American Lambs. • First quality, 5 7-16 d. Second quality, 5 11-16 d.

Beef. Australian os, crops, 160-2001 b, 32d. Australian os, hinds, 160-2001 b. 4Jd. Now Zealand os, fores, 160-2201 b, 3 T-IGd. New Zealand os, hinds, 160-2201 b, lid. South American os. fores, 160-2001 b, 3ld. South American ox. hinds, ISO-2201b. 4£d. South American chilled ox. fores. IGO--,-Bjd. Ditto, chilled ox hinds. 160-2001 b, 5Jd. RABBITS, The rabbit market is weak. Business is almost at a standstill. Many of the

Morayshire's New Zealand shipment were condemned at Liverpool. LONDON WOOL SALES. LONDON, May 17. The wool sales closed ait the Highest rates of the series. The following prices were realised for the fleece portions of the New Zealand clips named: —“Moawhango," top 14Jd, average 12 Id; “Warwick," 13 id and J2)d; “Ngaturi," 13d and lljd; “Maiha," 11 Id and 10|d. The Bonk of New Zealand has received the following cable advice from London, dated 16th inst.:—“The sales have closed very firm and prospects are good. There is a good demand for all kinds of ■wool. The total quantity held over is 500 bales of wool, of which 3000 are New Zealand." Murray, Heberts and 00., Ltd., have received the following cablegram, dated 10th inst., from London: —“London wool sales—Sales have closed firm, with rates unchanged. Eire thousand bales held over." The New Zealand Loan and Mercantile Agency Company, Ltd., has received the following cablegram from London, under date May 16th: —“Wool sales — Since the date of our laet telegram the market hoe remained unchanged, except greasy crossbred, for which the market is firmer; 183,000 boles were sold at the sales, of which 40iW0 were taken .for the Continent and 24,000 tor America; 5000 bales were held over. Sales Closed with strong coin petition.'’ Dalgety and Co., Ltd., have been advised from London by cable dated 36th inst., as follows Wool sales closed active. Competition is brisk and buying general from all quarters. As compared with last sale’s closing rates—Merino super greasy .par to 5 per cent higher. Merino : Medium to greasy, 5 per cent, higher; other descriptions, par to 5 per cent, higher; super scoured unchanged ; medium to good scoured 5 per cenT to 71 per cent, higher; faulty scoured unchanged; fine greasy 5 per cent, to 71 per cent higher, medium crossbreds greasy any change,, it any. in sellers' favour; coarse crossbreds gx-easy, par to 5 per cent, higher; wools 5 per cent, higher; fine crossbreds scoured. 5 per cent, higher; other descriptions scoured unchanged; slip© woof, par to 5 per cent higher. 000 Quantity available amounted to 190,000 bales. Bold to America 24,000 bales, to Home consumption 121.000, to Continent io.OOO, not offered 3000. earned forward 2000. ______ BREADSTUPFS FOE 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 lust year compare: This week. Last week. Y’r ago, Qrs. Qrs. QrsFor UK ... 2,695.000 2,915.000 3,500,000 For Europe 2,380,000 2,010,000 3,615,000 Shipments from American Atlantic ports amount to 2,700,000 quarters, compared with 348.800 quarters a week ago, and 685,000 quarters a year ago. Tamo Coast wheat pur afloat totalled 2000 quarters, as against 3000 last week and 11,000 a year ago. y:,. - The total quantity of wheat and flour shipped from all exporting countries during the week ended May 16th was equivalent to 1,400,000 quarters et wheat, compared with 930,000 quarters in the previous week and 1,765,000 quarters a year ago. The weekly total includes lOa.ooo u uarters oi Australasian wiieat. , A firm advance in the price of wheat is checking business.

HIGH COMiySSIONEBfS CABLED

The Department of Agriculture, Industries and Commerce has received the followin'* cablegram from the High Comraissiouer tor New Zealand, dated L°ndon May 16th. (Quotations, unless otherwise specified are lor average market prices on spot):— . Mutton.—There are signs of improvement in the mutton market.. There is a better demand for light weights. .Canterbury, 4|d per lb for light weights. There ie little demand for heavy weights at 3 13.1(kf per lb. North Island, Md per lb lor light weights; ewes, 3 6-ltd. iamb.—The market is rising. There is a good demand for all lamb. Canterbury two’s, 6id per lb; medium weights, 6id; heavy weights, 6d; other than Canterbury, (ijd ior best quality light weights. . Beef. —The market is firm. New Zealand hinds, -lid per lb; fores, 3 7-I6d; chilled binds, 5Jd; fores. 3|d. Kiver Plate shipments received during April, 1914; Mutton. Lamb. Carcases. Carcases. London 88.196 54,996 Liverpool 118,851 105,690 Cardiff 4,000 Hull 2,516 Southampton 16.594 11,938 Plymouth 1,261 Newcastle 6,001 500

Totals, April, 1914 237,419 173,024 Totals. April, 1913 154,178 33.291 Butter.—The market is steady with, a fair business doing. Danish, steady, per cwt, 113 s to 115 s; New Zealand, in good demand, 106 s to 10Ss, unsalted 114 s to 116 s; Australian, in fair demand. 103 s to 104 s; Argentine, quiet, 100 s to U.2s; Siberian, steady, BBs to 100 s; Irish creameries, quiet, 108 s to 110 s. Cheese.—The market is weaker, and tendency downwards. Canadian white 60s to 70s per cwt, coloured 68s to 70s, exceptionally fine 725: New Zealand white 60s to 61s. coloured 62s 6d to 63s Gd, exceptionally fine 645; Australian white 58s to 595, coloured 6(te to 625; English Cheddar, 66s to 68e.

Hemp.—The market is quiet. Owing to the Mexican situation, neither buyers nor sellers are inclined to operate, especially in view of the heavy fall recently. Manila: Market easier, fair current, £27 per ton; June to August shipments, .£27 10s. The output from Manila for the week was 27,000 bales. Now Zealand; Very little business has been done with New Zealand- Dominion not offer tng. .Market steady. Good fair, X‘27 per ton: fair, ,£23 15s (nominal quota tions). May to July shipments, high points have sold at £24 15s; fair, £/l 3 15s. -Sisal: It is impossible to obtain quotations from Mexico. New York quotations, nominally 5.75 cents. Tow.—The market is firm. Second grade, per ton, .£l3 15s; third grade, £l2 15s.

Hops.—The market is quiet, and price* are slightly weaker. English, per cwt, 120 s to 140 s; Continental, 105 s to 200 s t Californian, 80s to 110 s. Wool. —The wool sales have closed. Th«i market is firm at the advance. There has been active buying from all consume ing centres at Home and cm the Continent. Home manufacturers have been, laying in stocks. Trade is good and prospects are favourable. American competL lion has been active throughout espe* cially for merinos and fine crossbreds, American purchases approximately estimated at 24,000 bales; 3100 bales of New Zealand wool are held over. Estimated values: —Superior merinos. Is 2d to Is 4d; medium, 11a to Is Id; inferior, 9d to lOJd; fine crossbreds, all grades, Is 2d to Is sdj medium crossbreds, all grades, lid to Is Id; coarse crossbreds, all grades, Kkl to Is. LIFE STOCK SALES. Abraham and Williams, Ltd. At Shannon on Friday wo yarded large entries of both sheep and cattle. The attendance was good and the prices quite in keeping with ruling rales elsewhere. Nearly all lines were disposed of under the hammer, and altogether it was a very successful sale. The Romney ewes in lamb offered on account of Mr Barclay; were a choice line and realised 27s 9d.. Other prices were :—Fat ewes 17s Id, for., word ewes 14s to 13s, woolly iambs 13* Id, good shorn lambs 14s 6d. smaller do 8s 7d to 9» Bd, 2-tooth wethers 18a Bd, s.m. ewes (low condition) 12s 3d, woono* heifers 35s to JE3 Os Od, wearier steers 28s 6d, 2-year heifers in oalf £H 8s to Jl6, oows close to profit £7 to £0 ss, spring 1 oalvers, JES 7e to i!6 15s, fat con's X 5 las to £o 17a. forward cows M, empty heifers L 3 Os 6d to J 23 2t ud, 21,-yoar stew* £5 l«s.

Laery and Co., Ltd., Wellington, rt. port wholesale prices os under Oats, per bushel, toed 2s (id to 2s 9d, seed oat§ v b <ki to 3sj wheat, fowls’ 4s 7d to 4a Bds maize. 6s to 5s 3d; bar. W feed 2b 9d, Capo 3s 3d: peas. Prussian blue, ss; linseed nuts, per cwt, 13s 6d; crushed linseed cako. Its: rtholo linseed. 15s; pollard, per lon, £1: bran, £i 5s to A 4 10s; flour. Atlas All; oatmeal, Al2 to Al2 10s; chad, oatensheaf. Ai 15s to A 5; baled straw, £2 15s to A 3; superphosphates, A 4 15s to £i- basic slag, A 1 to A 4 ss; rolled onta, per dozen, 10s; potatoes, per ton. XS 5s to A 5 10s; onions, AG; picklers. per cwt 5s to 8s; cheese, medium, per lb. Old j loaf size, 7id; fresh egg's, per dozen. Is lOd, preserved Is 5d to Is 6d; shell grit £i 10s per bon; butter, prime milled, per lb lid; bacon. Swan brand, rolls lid, sides iod; hams. Swan brand, lid; honey, bulk, per lb, 4d to 4Jd; fungus, sid to s|d, good demand; broken peas for poultry or pigs, 8s 5d to 3s 6d bushel; cocksfoot, machine dressed, 6),d to 7d per lb; barley meal, J 55 15's per ton; pig meal, A 5 10s pe' ton; rioemeal, AS per ton. WELLINGTON CUSTOMS. The Customs revenue oolleotod at Well ington yesterday totalled A 1903 4s Ud,

Buyer*. Seller*. Sale*. X ■ d X a Banks— National of d ,£ S 4 N.Z., Ltd.... — 5 13 financial — Equitable Bdg. 6 *5 13 0 Co., Ltd. ... 9 5 0 — Metropolitan Per0 — manent, X10 11 17 6 12 0 Wgtn invest. T. ” and A. Co. ... 0 11 0 — Wgtn Trust Loan, Ltd.... 7 9 0 -— tia*> — Christchurch, X5 7 5 0 7 7 6 — Palmerston N. — 10 10 Meat Preserving— Wgtn Meat Ex0 port, X5 ... — 6 5 Manufacturing— Wgtn. Woollen, 0 Co., ord. ... i 6 0 — Wgtn Woollen,' — pref. ... 3 1 0 — Ti m tor — LeylandO’Brien ... — 13 ULcetlaneons- 1 3 Golden Bay Cement Co. ... 0 19 6 — Manning and — Co.. Ltd. ... 3 18 6 — Shariand and Co., — Ltd., pref.... 13 0 — — Ward and Co., Ltd. "... — 50 W.P.C.A., XI d — paid — 18 0