COMMERCE & MINING

New Zealand Times, Volume XLI, Issue 9506, 14 November 1916, Page 2

COMMERCE & MINING

WELLINGTON STOCK EXCHANGE. YESTERDAY’SGUOTATIONS. 1 Bayers. Suiters, f ■ <1 A • d Mining— Consolidated Goldfields 0 5 0 Hauraki Reefs (cent.)... 0 0, 7 Success Gold Dredgo ... 1 16 0 Talisman Consol 0 9 9 Investment— Nat, Bk. of N.Z 5 0 0 Nat. Ince. of N.Z. ... 2 16 0 Gear Meat (/21J 4 10 0 -Vn. Meat Export (J6l 15.6) _ 2 16 Huddart-Parker (qrd.) Leyland-O’Brien 13 0 Gfbldcn Bay Cement .., , N.Z. Drug (L2) 2 7 0 . QUOTATIONS ELSEWHERE. Press Association. CHRISTCHURCH, November 13. Stock Exchange quotationsßank Of New Zealand, sellers, ,£l7 10s; Union Hank, buyers £ S3 Ss', sellers .£53 IS*; Manning’s Brewery, sellers £4 12s 8d: \Vestport-Stockton Coal, sellers 6s 9d; Dalgety and Co., buyers AG ss, Sellers A 8 7s Gd; Christchurch. Gas, sellers a£6 17s 6d; Farmers’ Co-op. Insurance (AS paid), buyers Afi; Farmers’ Co-op. Insurance (A2.10s paid), buyers A 3; New (Zealand Insurance, buyers A 6 ,13s; New Zealand Refrigerating (Aliksue,; A2 paid), buyers A 3 12s 6d; Wellington Meat Export (A 3 paid), buyers A 6; Hud-dart-Parker, buyers A 1 4s. sellers ■AI 4s 8d: Union Steamship, buyers A2 2s; sellers A 23» 6d; Kaiapoi Woollen (prgf.), buyers ~&5 15s; Mount Lyell (cunl-div.), buyers 6 S 6d. • V- ■■ DUNEDIN, November 13. Stock Exchange quotations :—Electric, buyers 3s 3d, sellers 3s 9d; Waihl, buyers A 1 17s. sellers Ai 18s; Waihi, Grand Junction, buyers 17s 3d, sellers 18s 3d; Jlount Lyell, buj-ers Al 16s 0d; National Balik sellers A 5 4s; Bank of New Zealand (new); buyers Al 7 5s j National Insurance, buyers' A2 Is 6dj Union Steam,' buyers A2 S?s 9d, sellers A 3 3s (id! Union (prof.), buyers Al IS 7d, sellers Al Is 10d; Huddart-Parker. buyers; Al 4 a 6cl, sellers AT 4s 9d; Westport Coal, seller* Al Os 33) WeMtjpft-Stocktou Coal (prs-f.U buyers 10* nd; Dctninicu Rubber, buyers Ai lss, sellers. Al 16s M; New Zealand Paper Mills, buyers 17S Ad; Oamaru Woollen, seller* 18s 9d; Perpetual Trusteee, buyers Al 3s 6d; Sharland and Co„ buyers Aids 6d; IVright. StepheUftOft, buyers Af; Motet Patent Tyre, sellers A 3.

LONDON WOOL SALES

close with priced strong

By Telegraph-Press Association —Copyright Australian and N.Z. Cable Association . LONDON, November XI.

The Colonial Wool Sales Closed yesterday, pvices reaching the highest levels of the series. There ■- was- keenest Competition for elipOs afld SCoUCeds throughout the sales. „ The. selection of merinos was small and disappointingi'butprices hardened steadily/ alt closing h-t 10 to 15 per cent, above September rates, ft’nd' Surpassed all records. Finer crossbreds were 10 per cent, above September rates; medium and coarse fully ID per Cent. ScOureds yore'in unnSuallv strong demand at id per cent, above Septeftibor rates-■ All fine slipes Were' 'tliree ■ halfpence ‘to two- ' prime' higher; medium' threepence, low and interior twopence. -Merino lambs were 10 to 15 per cent, higher; crOssbrcds twopence. The quantity sold for Home Consumption was 97*000 bales, for export 6000. and 9000 were held over. ■ Fleece uool of CUP realised up to- 22}d pep- lb. and averaged mi-' * - HIGH COMMISSIONER’?! REPORT. Tho Department of ■ Agriculture,. Industrie* and Commerce has received the following cablegram, dated. London, -November Wth, from the High Commissioner for NeiV Zealand, in; regard to the ■London woolß.alcs: — ‘ ‘ ' .'' ■The sales have .closed firm for all Kinds, of w 001.,,. The market is good awing largely to shortness of supplies. And hnSadvanced rapidly during this week- Estimated values'! Fine crossbreds; all grades, 22d to 26d; medium -TBd to -Slid, counte ;Idld .to - 20dF Fniperibr merino,. 23d to .27(1. medium ,lt»d to 221 d. -inferior lad to 181(1. OTHER LOCAL ADVICES. . i The following cabled advices, under date London, November 10th. were /received in Wellington yesterday • Bank of New Zealand; The wool sales have closed with a very' strong market. - ,-As, compared with tho closing rates of last, sales all wools are dearer. Merinos ate fully 10 per cent., greasy crossbreds and elipes 7J.d ter. IQ per cent., greasy crossbred; lambs -5- percent. - Current prices -'(per- 1 Ibl: ■' d. d. - Crossbreds, fine to 23i Crossbreds, medium 20 to 21 Crossbreds, coarse 19. to 19i. Merinos, superior ■...... T 27* Merinos, inferior 18< to 191 Halfbred 21 to 25 New Zealand Loan and Mercantile Agency . Co., Ltd. Sales closed. Market strong. Merinos 10 per cent to 15 per cent,, lambs 5 per cent, to 7J per cent., crossbred 10 per cent. Jo 12| per cent, greasy lambs 10 per cent, higher, than on September 22nd, and likely to go higher, Wright, Stephenson and Co., Ltd. . ■Wool sakv'. —Auction closed strong. Crossbreds generally 10 per cent, above last sales. ‘ Dalgety and Co., Ltd. The wool sales closed very firm,.. As compared with the closing rates,.of last sales -super and good secured merinos advanced 10 per cent., and. short olid faulty 3 per. cent, to 10 per cent., super

and good greasy merinos were higher by 10 per cent, to 15 per cent., and short and faultv were from par to 5 per cent, higher. Fine greasy crossbred advanced 10 per cent, to 13 per cent., and medium and coarse 10 per Cent, Lambs were 5 per cent, to 10 per cent, higher. Fine scoured crossbreds were higher by 10 net cent, and coarse by 5 per cent. Fine slipes were dearer by 5 per cent, to 71 per cent., and Coarse 74 per cent, to 10 per cent. Ninety-five thousand bales were bought for the Home trade, 6000 for the Continent and 9000 were canned forward, of which quantity 6000 bales were not offered. "BURRY” WOOLS FOR AMERICA. By Telegraph—Pres* Association—Copyrigh; Australian and N.Z. Cable Association MELBOURNE. November 13. Mr W. M. Hughes states that merino wools classed as "burry” are permitted to be exported oh certain conditions to America. COMMERCIAL CARLES By Telegraph—Press Association—Copyright ■, Australian' and N.Z. Cable Association LONDON. Nbvwnbe-r 12. BREADSTUFFB FOR EURUFE. Tho quantities of wheat and flout afloat for the United Kingdom and . the Continent of Europe on Saturday anil at the corresponding time last year compare : This week. Tear ago. Or. QrFor U.K 3,090,000 1,640,000 For Europe 2.780.000 2,875,000 Totals L870.0Q0 n 4.715,000 Shipments from American Atlantic ports amount to 519,000 quarters, tompared with 1,152,000 a year ago. No Pacific Coast wheat was put afloat, compared with 40,000 quarters a year ago. The total quantity of wheat and flour shipped from , all exporting countries during' the weekended November 11th was equivalehfto 1,040,000 quarters of wheat compared with 1,315.000 quarters shipped a year ago. This week’s total included TSjOOO quarters from Argentina, 100,000 from India and 85,000 from Australasia. The Louden market is steady, rnd offerings hr© Very small. NEW ZEALAND PORK PURCHASED. : The Board of Trade, through Mr Massey, has. purchased 15,000 cajcases of New Zealand pork. . - / METALS. . Lead .— Imports last month totalled 11,780 tens and exports 2338 ton*. 1 i HIGS a 6Q|dMISSID,NK£i'S REPOST.

Tho Department of Agriculture, Industries, and Commerce has received the following cablegram, dated Loudon, November Uth, from the High Commissioner for New Zealand. (Note: Quotations, unless otherwise specified; ate average market prices bn' spot) : Meat-All descriptions: of frozen meat Are in slow demand Prices are tin-. changed- Owing to largo supplies Of Home-killed mutton and beef and English lamb. New Zealand mutton, potlb, B|d, owe mutton Bel ; Argentine mutton, heavy-weight BJd> light-weight B|d; Ne\v Zealand lamb, Oidi Argentine lamb, 82d. Only inferior New Zealand beef available,. New Zealand bull beef, hinds rid,.. fores 6idj Argentine Chilled beef, hinds Hid; fores "id. ■ : Butter—The market continues firm. Offerings from all sources are small and prices are .higher. Danish, medium, grades in good demand, per owt, 216 b to 218 s ( Irish creamery, salted, 200 s to 2065; New Zealand, salted. 202 sto 2045; American creamery, in good demand, salted;.- 19te to ISswj Argentine, salted 198 s, to ,2QOe, tmsaltea 2100 s to 2065. Cheese —‘The market is active ! aftd advancing. Canadian, white, per cwt, 116 s to 120 s, Coloured 118 s to 120 a ( English. Cheddar. 128 s to 180 s; New Zealand, stocks are exhausted, and there ate no official quotations.,- states Fiats, white, 116 s to 11?#. Heai p—The market is quiet but firm. Good-fair New Zealand hemp, per ton .£53, (air* -C3l;'-Government graded-fair Manila'<o34.; 10s, coarse, <651 10s; January'<March, J sliipine'nts, ' ■gobd-fail' , New Zealand .£52, fair XSO; Government graded fair , Manila <633 10s, coarse Mb o 10a. The output of hemp at Manila for the week ending last Saturday was 24,000 -bales. Stocks of New Zealand hemp on hand at end of October were 585 tons. Wheat—The market is firm, bnt unsettled, and cannot quote, as quotations are misleading. . Oats—The market remains firm. Prices have slightly advanced for all grades. New Zealand, 40s-' on spot.

WHOLESALE PRODUCE PRICES. Laery and Co.,"Ltd., Allen street, report wholesale prices aS follow Fowls’ wheat, prime <3s per bushel} fowls’ barley, 3s 0d per*bushel) Gape barley; 3s lOd per bushel s partridge peas, 6s. 8d per bushel; maize feed, 5s 8d to 5s 9d per bushel; chaff, oat-sheaf, <6B 5s per ton; hay. clover 265 6s per ton, meadow <64 15s: flour in saoks, 2244 ss,per ton; oatmeal, <619 per ton; bran. <64 ISs to .65 per ton; pollard, £1 per ton: bacon (all best factory), sides 101 d per lb, rolls Hid, hams Is, shoulders Old; choose (factory)^medium lo*d-perlb, loaf lid; linseed oil- meal, .211 -10 s pert ton; lin* sCCd’ nuts, <612; 10s.. per toU; llUSoed ground coke, <612 ids per ton; rice pollard, MS 10s per ton; onions, Victorian, <BI3 per ‘ ton; potatoes, white-skinned table, N.Z.,: <612 15s to (6X3 per ton; pigmeal, <6h per ton. All poultry in very good demand. Hons, 6s 6d to 7s 6d l>air; cockerels, 8s to 10s pair; ducks, Fokin and Aylesbury 8s to 10s pair, Indian Runners 5s to 6s; turkeys, gobblers Is 2d pet lb, hens Is. Butter, primb bulk, Is 3d per lb; eggs, Is 4d to Is 5d per doecn<

, The' Customs revenue received at Web lington yesterday totalled <64683 15s 8d