COMMERCE & MINING

New Zealand Times, Volume XL, Issue 8981, 2 March 1915, Page 2

COMMERCE & MINING

WELLINGTON STOCK EXCHANGE YESTERDAY’S QUOTATIONS. mining. Montezuma —11.30 a-m., s J3l 3s. Murray Creek, 01d—11.30 a.m., b .1J Talisman Consolidated —11.30 a-m.. s M 7s 3d (ex div.); 315 p.m., b £1 7s. s XI 7s 3d. Waihi —11-30 a.m., b X2 0s 6d, s £2 Is; 3.13 pm-, b £2 Os 6d. Waihi Grand Junction —11.39 a.m., b XI 4s 3d, 6 XI 14s 9d; 3.15 p-m., b XI 4s 3d. Waitangi Consolidated. N.L. am., b Is. s Is 6d; 3-15 p.m., b Is, s Is 3d. Note —The letter "b" signifies buyer*, tad **s*' sellers. INVESTMENT STOCKS. Buyerft. Sellers. Sale*. XsdXsdXsd

W.P.C.A. X 5 pd. •Reported. SALES ELSEWHERE. Press Association. CHRISTCHURCH, March 1. Stock Exchange sales reported;— Manning and Co., X 5. Waihi (cum div.), X2 Is 6d. Mount Lyell, XI 4s 7id. DUNEDIN, March 1. Stock Exchange sale: — Westport-Stockton. pref., 9s 2id. Stock Bxohcnge sale reported : National Insurance, X2i 10s. DUNEDIN QUOTATIONS. Press Association. DUNEDIN. March 1Stock Exchange quotations:— Dredging Stocks Electric, s 3s 6d; Golden Bed, b 4s Cd; Manuherikia, s 2s (kl; Rise and Shine (ex div.), b XI 7a; Rising Sun, b 12s 6d. Mining Stocks—Roxburgh Amalgamated (paid), e 3s; Nokomai .Hydraulic, a XI 2s 6d; New Sylvia,'b 6d; Waitangi, b Is Id; Talisman Consolidated, s XI 8s; Waihi, b X2 Is, s X2 2s; Waihi Grand junction, b XI 4s 3d, s XI 4s 9d; Hercules. b 10s Investment Stocks—National Bank, b X 5 8s; Bank of New Zealand (old), b XlO 14s; Union Bank, s X 57; South British Insurance, b X 4 11s 3d; Standard Insurance, b XI 16s, s XI 18s; Union Steam Ship Co. (ord.), h XI Ss 9d, s XI 4s; Westport Coal Co., b XI 11s 6d, s XI 12s; Westport-Stockton, h 5a Id, a 5a sd; Perpetual Trustees Co., b XI Is, s XI 2s 6d; Kaiapoi Woollen Co., b X 5 2s; Milburn Lime and Cement (XI), b XI 9s 6d; Mosgiel Woollen Factory, b X 3 14s; New Zealand Drug, Ltd. (X2), b X2 6s 3d; New Zealand Cement, b 7a Id; Oamaru -Woollen Factory Co. (ord-) b XI 6s; Oamaru Woollen Factory Co. (pref.). b XI 6s: May Ottway, aXI 2s- Southland Electric Trams (ord ), b XI 2s Gd; Ward and Co., b X 3 ss; Whitcombe and Tombs, b X 5 15s: Wright, Stephenson (ord.), b X 6 10s.

COMMERCIAL CABLES By Telegraph—Press Association—Copyright BBEADSTUFFS. LONDON, February 27. The wheat and flour afloat for the United Kingdom totals 2,815,000 quarters; for tho Continent. 3,060,000 quarters. Atlantic shipments. 635,000 quarters; Pacific, 14.000 quarters. The total quantity for Europe is 120,000 quarters, including from India 22.000 quarters, and from Argentine 364,000 quarters. LONDON MARKETS. LONDON, February 27. Jute, native, first marks. FebruaryMarch shipment, Xl9 Xos per ton. New Zealand Hemp—The market is steady. March-May shipments, X3l Ills per ton. Rubber—Hard, fine Para, 2s sid; plantation, 2s did; smoked sheet’s, 2s sd. Copra—January-February shipments. X 27 5s per lonCotton— May-June shipments are quoted at 4.87 d per lb. Quicksilver, Xl2 10s per bottle. Silver—Bar silver is quoted at 23 I-16d per ounce standard. WHEAT LONDON, February 27Wheat—The market is slow owing to the wet weather and American favourable reports of the winter crop. Chicago May options. 146 cents, 151 cents; July options. I2oi cents, 123 cents. WOOL SALES. LONDON. February 27At the wool sales there was a fair selection. Merino prices were maintained- Prices realised: Mount View, top price 16id, average 15id. There were catalogued 40,191 bales, and sold 38,841. FROZEN MEAT. By Telegraph—Press Association—Copyright LONDON, February 27. The Incorporated Society of Meat Importers’ Srmthfield market quotations for the 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 beef, 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 ship, this difference representing the average cost in expense, handling, conveyance, and selling of the mfrtVt Mutton North Island, sjd; best brands, ojd; New Zealand ewes, 3 7-16 d. New Zealand Beef—Fores. 6 l-16d; hinds. 6 9-16 d. knstralian Mutton— Light, sld; medium, 5 5-16 d; heavy, sfd, Australian Lambs—Best brands, id; fair, &td; inferior, 6Jd Australian Beef—Fores, Old; hinds, 6 7-16 d. Argentine Beef—Chilled fores, 6Jd; hinds. 7Jd. Other meats unchanged. RABBITS. Rabbits are in strong demand at full prices.

HIGH COMMISSIONER’S CABLE. Tho Department of Agriculture, Industries, ami Commerce has received tho following cablegram from the High Commissioner lor New Zealand, dated London, February 28th) (Note.—Quotations, unless otherwise specified, are average market prices on spot.) Meat.—The market is firm, with an upward tendency for all descriptions, owing to the short supply at the market in consequence of the delay i n discharging. Mutton.—There is a fair demandNorth Island 5Jd per lb, ordinary quality sid. ewes 5 7-16 d. Lamb.—There is a good demand for all lamb. Other than Canterbury 7Jd for best quality, second grade 7|d. Beef.—A good demand continues. Hindquarters 6 9-16 d per lb, forequarters 6 l-16d; chilled hindquarters rid, forequarters 61d. Butter.—The market is steady and prices are firmer at the close. Danish 130 s to 136 s per cwt; New Zealand, a good demand and market steadier. 128 a to 130 s, exceptional 1325. uasalted 132 e to 131 s; Australian 126 s to 130 s, Siberian 122 s to 121 s, Argentine T26s to 130 s. Cheese.—The market is steady. Canadian. white and coloured, 89a to 92s per cwt; New Zealand, a good demand and market firmer, while and coloured, 87s to 80s; English, market remains firm, 94s to 100 s; Australian, white and coloured, 85s to 87s; United States, 82s to 85s' Hemp.—The market is not quite so firm. There is less demand, but holders are not anxious to sell. New Zealand good-fair grade X3l per ton. fair grade X 29; lair current Manila. X 35. Forward shipments are selling at-the same prices. The output from Manila for the week was 30,000 hales. Wool The market is _ strong; all stocks are advancing. Americans are buying merinos freely* Estimated values:' Fine crossbreds (all grades) 154 d to 17£d lb, medium crossbreds (all grades) 14fd to 16Td, coarse crossbreds (all grades) 13id to 15jd; superior merinos 13id to 15d. medium . merinos lid to 15d, inferior merinos 9d to lO^d. Wheat.—The market is slightly weaker with less demand for forward delivery owing to the prospect of the Dardanelles bombardment releasing Russian supplies. The spot market is quiet, hut steady. Canadian, spot, per quarter. 645, April or Mav shipment 635; American, spot, 64s’, April or May shipment 635; Argentine, February to April shipment 62s* Oats.—The market is quiet, and prices are slightly weaker, because the Government is not buying. New Zealand oats, spaiTowbiils, per quarter of 3841 b, 35s 6d; nominal quotation. . LONDON WOOL SALES. Dalgety and Co., Ltd-, have received the following cablegram from their London office, under date February 27th ; "The wool sales are very animated and prices are hardening. For good shafty merinos,' compared with tho January sales, prices are 10 per cent, dearer for greasy, and 15 per cent, to 20 per cent, for host scoured. Medium and coarse crossbreds are on the average 10 per cent, dearer. Wo quote 64’e tops costing 2s sd*" LONDON TALLOW SALES. Dalgety and Co., Ltd., have received a cable from London, dated February 25th, as follows:—"At the tallow auctions prices advanced Is to 2s, except good mutton, which was unchanged." STANDARD INSURANCE CO. Press Association. DUNEDIN, March 1. The annual meeting of shareholders in the Standard Insurance Company was held to-day, Mr W : F. Edmond, chairman of directors, presiding. In moving the adoption of the report and balancesheet the chairman said that the business Of the company was increasing in a satisfactory manner. The premium income showed the substantial increase of i'11,392 over the figures for the previous yeai, the amount received being X112,055 13s lid. The revenue from investments was X 10.075 12s 2d, sufficient to pay the present annual dividend. The loss ratio was nearly , 6 per cent, higher than in the previous year, this being chiefly due to the abnormal fire loss ratio in Australia. The directors recommended the payment of a dividend of 8 per cent, for the half-year, "he report and balance-sheet were adopted. Messrs W* Patrick and C. Holdsworth were re-elected directors.

WELLINGTON MARKETS. Laery and Co., Ltd.. Allen street, report wholesale prices as follow-.—Fowls, wheat, prime, 7s 9d per bushel; rowls barley, 6s 3d; Cape barley seed, <8 6d; feed peas, prime 6s; Prussian blue peas, 7s; maize, 6s 3d; chaff, oatensheaf. per ton. X 7 15s; hay, X 6; flour,, in sacks, X 18; oatmeal, X 22; bran, X 8 10s; pollard, X9lss to X 10; onions. New Zealand X 7 ton; potatoes, white skinned table X 5 10s to XG 10s per ton; bacon, all best factory sides, 9id per lb; hams, 9id; rolls 10|d; shoulders bacon, 7Jd; cheese, factory, medium 7id to 8d per lb; basic slag, X 4 15s per ton; superphosphates. X 5 ss; bonedust, mixed. X 6 15s; linseed meal, Xl9 10s. BANKS PENINSULA. COCKSFOOT. Special to the "Times." CHRISTCHURCH. February 27. Now that the cocksfoot harvest has been gathered on Banks Peninsula, the shortage which was predicted early in tho year is still more marked and the short crop is becoming a serious item for those purchasing for North Island growers*. In the middle of January buyers wero offering 6d in the rough, and a good deal of seed was sold at this price, but within the last two weeks it has jumped to 8d per lb, with every indication that it will rise still further in the face of the very heavy demand created by the extensive late burns and bush fires in the North Island. The demand in that quarter is abnormally large. Even had the Peninsula crop been a normal 50,000 sacks, prices would have showed a considerable advance on the previous year’s prices, but as there is, roughly, only about a quarter crop, cocksfoot seed from here will not be obtainable for North Island growing* Peninsula growers can therefore be certain of still better prices. The prospects for 19X6 are also very bright, as far as cocksfoot is concerned* The early seed harvested in 1916, at any rate, should meet with an extraordinary demand, as many North island farmers will be waiting for next year’s crops for sowing purposes. It seems apparent even now that next year’s crop on Banks Peninsula will not by any means be a normal one, for the reason that this vear’s paddocks will be so heavilygrazed, owing to the shortage, of grass, that they will he converted into firstyear paddocks. The outlook for cocksfoot, then, for at least two years, is extremely bright as far as the Peninsula growers are concerned. One line of 150 sacks was sold in Akaroa at 8d per lb. The sample was I2lb seed. The sample all round this year is only fair, ranging from lOjlb to 14lh seed. There is no °very light seed, and the yield of the seed in comparison to the straw heaps is extremely good. WELLINGTON CUSTOMS. Tho Customs revenue and beer duty collected at Wellington during the past month totalled respectively X 52.108 15s 5d and X 1144 4s 4d. Saturday’s Customs return amounted to X 1685 15s lid, yesterday’s X 2443 0s 3d* DUNEDIN CUSTOMS FIGURES. Presa Association. DUNEDIN. February 38The net Customs returns this month were .£31,157 5s 9d, and in February of 1914 they were 30,<92 5s 4d. Beer duty totalled X3291.17s this month compared with X 3016 4s 10d m February last year.

Banks — National of N.Z 5 8 6 New Zealand, MGsSd pd- 10 12 6 — — Financial— N.Z.h. & M.A.. ord, 82 0 0 Wsrtn Invest T. and A. Co. 0 11 1 —; — Wgn. Trust Loan 7 5 0 _ — Gaa — Wellington, .£10 16 0 0 ShippingUnion Steam, ord. 13 0 Union Steam, pref —1 1 0 10 — Manufacturing— llosgk‘1 Woollen 3 15 0 Wgtn Woollen, pref. ... 3 2 6 — _ Coal — WeetnortStocloton ... — 0 5 3 Timber— Taringamutu. Totara — 2 0 Miscellaneous— Manning .and , Co 4, 19 0 5 0 0 •5 0 0 Ward and Co S 15 0 —