COMMERCE & MINING

New Zealand Times, Volume XL, Issue 9092, 10 July 1915, Page 2

COMMERCE & MINING

WELLINGTON STOCK EXCHANGE YESTE I!DAY’S QUOTATIONS. MINING Hurray’s Freehold L 1 6s. Koss Reconstructed —11.30 a.m., s 6d; 3.15 p.m., s 6d* Talisman Consolidated —11.30 a.m., b 19s 9d, s £1 Os 3d; 3.15 p.m.. b 19s 9d, s £1 Os 3d. Waihi—ll.3o a.m., b £2 Os 9d Waita-ngi Consolidated. N.L.—11.30 a.m, b Is Id, s Is sd; 3.15 p.m., u Is Id. . .. Note—The letter “b” signifies buyers, and "s” sellers. INVESTMENT STOCKS. Buyers. Sellers, SalesJjsdLedLßa Financial— VVgton Trust Loan 7 7 0 - Gas— Wellington, LlO _ 17 0 0 Aieat Preocrvinsr — Gear 00., M 10 0 0 17 0 0 Gear Co.. <£l 4 0 0 410 0 Shipping— Union Stoam, . , „ „ o-rd 1 3 9 Union Steam. pref 10 4 Coal— WestportStockton ... 0 5 0 Timber— I/lylandO’Brien 119 M iscellaueous— Golden Bay T Cement .... Ward and Co. *Report©d. fOn ’Change. QUOTATIONS ELSEWHERE. Press Association.. AUCKLAND, July 9. Stock Exchange sale this morning:— Auckland Gas, 111 10s 3d. ! CHRISTCHURCH. July 9. Stock Exchange sale ; Boss Goldfields, 6d. Sales reported:— Union Steamship, LI 3s 9d. New Zealand Enamel's’ Co-op., L2 9s. DUNEDIN. July 9. Stock Exchange sales:— Waihi. £2 Is. Westport-Stockton. Coal, 5a 3d. Mil bum lime and Cement, LI 13s. LONDON STOCK EXCHANGE. Ely Telegraph—Prose Association —Copyright LONDON July 8. On the Stock Exchange to-day the following were the quotations for Australasian mining and other stocks, com-i pared with the last previous quotation: To-day. Last quot. s. d. s.d. s. d. s. d. Mining— Brit. Bro. Hi 11... 23 1 24 1 23 0 24 0 Bro. Hill Prop. 44.0 45 0 44 9 45 9 Chillagoe 011 04j 04i 0 10| Mount" Elliott ... 62 6 65 0 60 0 65 0 Waihi G. Juno. 22 0 23 0 22 3 23 3 FINANCIAL CABLES. BANK AND STOCK EXCHANGE REPORTS BANK OF ENGLAND RETURN. ’ LONDON. July 8. The Bank of England return Issued for the week ended Wednesday, July 7th, la as under: — ISSUE DEPARTMENT. Notes Gov. debt ... £11,015.000 •Issued £35.073,000 Other seouriNotes in ties 7,434,000 Reservo 35,603,000 -Gold 52,227,000 £70,676,000 £70,676,000 BANKING DEPARTMENT. Proprietors' Gov. securicapital £14,553,000 ties £61,043,000 Public do- Other seouri--posits ... 67,899,500 ties .... 157,918,000 Other de- Notes 35,603,000 posits ... 139,859,000 Coin 1,038,000 Beat. 7-day and other bills ... 3,291,000 £225,602,000 £225,602,000 The leading items of the Bank of England return afford the following comparisons This Last Last week. week. year. £ £ £ Bullion 52,227,000 51.080,000 37,904,000 Eeserve 36,641,000 35,905,000 28,619,000 Note clroTtion 35,073,000 34,636,000 29,531,000 Deposits 207,758,000 222,168,000 56,363,000 Proportion of reserve to liabilities 17.63 15.16 50.56 THE MONEY MARKET. i This Last Last week. week. year, per cent, per cent, per cent. Bank rate 6 5 3 Short loans 1J 1J 1J mree mouths’ bills 4J 4J 2 CONSOLS AND AUSTRALASIAN STOCKS. Current quotations for Consols and Australasian Government stocks, compared with those of last week, are:—

'lnterest lay able In May and Nov"mbor tlnlorest payable in January and '■'ly. Untercet payable in Anril and October. LONDON WOOL SALES PBICES IRREGULAR, By Telegraph— Press Association—Copyright LONDON, July 8. At the wool sales merinos were firm. There ivas good competition for stylish crossbreds, but shabbier were slow of sale. Prices were irregular, and in buyers favour. The following prices were realised for the fleece portions of the clips named "Newstcad,” top price 18d, average 17Jd. New Zealand— Okaro, IGd and lod; " Walter Peak,” 32d and 29i<l; “Okirae,” 18jd and 17d; “Taradale,” 16d and 15|d.

. The New Zealand Loan and Mercantile Agency Co.. Ltd., have received the following cablegram from London, dated July 6th''Wool Sales—The market is better, and compared with those ruling at May 20th prices are higher for merinos by 10 per cent, to 15 per cent, for superior and medium, 5 per cent to 10 per cent, for interior qualities, and 5 jjer cent, for lambs. Pine oreasy crossbred has advanced 10 per cent-, coarser sorts and scoured 5 per cent, to 7i per cent., greasy lambs 5 per cent., slipe combing and lambs par to 5 per cent-, and short 12§ per cent." Murray, Roberts and Co.. Ltd., have received the following cablegram dated 7th inst.: —"Excepting best combing, merino and fine crossbred market weaker; coarse to medium crossbred declined halfpenny per lb.”

COMMERCIAL CABLES By Telegraph—Press Association —Copyright LONDON, July 8. ..DAIRY PRODUCE. The butter market is steady, Australian 136 s to 140 s per cwt. New Zealand (nominally) life. Cheese—The market is very .slow. Xhc Government is buying sparingly. The Waipara’s Australian consignment sold at 84s to SBs per cwt. New Zealand white, 92s to 945, and coloured 90s to 925. BRADFORD WOOL AIARKET. The Bradford tops market is quieter. There is fair inquiry for early delivery. Prices are firm, and unchanged on the week. TALLOW SALES. At the tallow sales 2013 casks were offered and 255 sold. Prices were unchanged at 36s 3d per cwt for fine mutton and 32s 6d for medium; fine beef made 365. and medium 325. LINSEED OIL AND TURPENTINE. Linseed oil is stationary at .£26 10s per ton, or 2s X.55d per gallon. Turpentine, American spirit, is Is ltd dearer on the week at 39s 4jd per cwt. or 2s 11-85 d per gallon. The New Zealand Loan and Alercantile Agency Co., Ltd., has received the following cablegram from Loudon under date 7th-iust.“Tallow.—We quote present spot values for the following descriptions: Fine mutton 35s 3d per cwt, good beef 345. mixed 30s 6d. The market is dull, with a downward tendency.' - LIVE STOCK SALES CRUTCHING SALE IN WELLINGTON. The Wellington woolbi'okers held the third of the winter crutchiug sales yesterday, 2000 bales being offered. Buyers were present in good numbers from all parts of the Dominion, and prices continued on a high level. Crutchings advanced fully a halfpenny on June sale for medium, good, and best qualities, but seedy and inferior were if anything a shade lower. Fleece wool ■ was strongly sought after. There was a quantity of scoured and slipe wools catalogued, which sold at prices hardly up to June sale values. The following is the range of prices ;—Crossbred, medium l)p coarse, 13Jd to 16d per ibj pieces and bellies, 8d to 113 d; locks and stained pieces, 4d to 8d; crxxtohiugs, superior, lsd to 15£d-, crutchings, medium to good, lid to Hid; crutobings, seedy and inferior, 3d to lOld; lambs, 14d to laid; dead, 12d to 16|d.

Stock. Thu week Week ago. Year Ago £ 8. d. £ a. d. £ 21% Imperial C'ls rto 1 1! 65 1 8 75 4 %New Zealand* 95 0 ti 95 0 (J 31% NewZoaiandf 83 (J 33 5 0 89 0 3% Hew Zealand! 7d 0 t 70 0 0 80 4% New S. Wales 3*% New S. Wales 95 6 95 0 0 100 Ub b (J 45 lO 0 100 O 8i% .. 1?. J i- M 83 5 (J 83 5 0 68 0 b% New 8. Wales V8 u 0 73 0 0 83 0 4% Victoria Uo 7 6 05 1 6 100 0 8* °/ n Victoria 91 0 91 7 « 0 8*% l«-« 83 b 0 83 6 0 89 0 0 8% Victoria 7tf 0 0 76 0 0 80 0 31% Sth. Australia 0 0 85 0 0 00 0 3% 8th Australia 70 0 0 70 ,0 0 74 0 «% Queensland 3i% Queensland 8% Queensland 34% W. Australia 95 5 0 95 10 0 100 0 0 si 0 0 91 0 n 95 0 0 74 0 (J 74 0 0 79 0 87 10 0 87 10 0 92 3% W. Australia 33 0 0 82 0 0 86 0 0 34% Tasmania 35 10 0 83 10 0 90 0 0 3% Tasmania 76 2 b 7d 2 6 60 0 0