COMMERCE & MINING

New Zealand Times, Volume XLII, Issue 9719, 23 July 1917, Page 2

COMMERCE & MINING

WELLINGTON STOCK EXCHANGE YESTERDAY’S QUOTATIONS. Buyers. Sellers. £sd £ s d Mining— Murray Creek —2 6 0 Talisman Consolidated 0 9 9 Investment Bk. N.Z. (ft;) (is 6d) ... 12 14 0 National Bank *5 10 6 Union of Aus 50 5 0 National Mortgage ... 3 17 0 N.Z. and R. Plate ... - 117 0 Wn. Gas (L)o,i 13 15 0 14 7 6 Wn. Gas (pref.) National insurance ... 2 18 6 Sth. Brit. Insce. ... 6 3 6 Standard Insurance ... 2 1 0 Meat. Evnort I£3) Auek. Trams (ord.) ... 1 1 0 Iluddart-Parker (ord.) 113 3 114 0 Union Steam (ord.) ... 1 1 - P. and O rights 1 H 3 Kaianoi Wool (ord.) ... 7 4 0 Wn. Wool, (ord.) ... 6 6 0 Wn. Wool (pref.) 3 18 0 Westport Coal ... : 111 6 Westport-Stockton (pref.) 0 11 9 Le.vhiml-O’Brion 1 6 G Danacliv Ropo 15 0 N.Z.- Drug ( £2) 2 13 6 N.Z. Paper Mills 0 19 0 Ward and C<> 5 12 8 Colonial Sugar (Australia) 22 0 0 *Cum div. COMMERCIAL CABLES By Telegraph—Pycss Association—Copyrighs Australian and N.Z Cable Association, (Received July 22, 5.15 j>.m.) LONDON. July 31. BUTTER- MARKET. Maximum butter prices have been fixed as follow Australian, salted 198 s nor ewt. unsalted 201 s; New Zealand, Halted 200 s per owt, nnsalted 2035. The butter market has been very firm, although prices were nominally unchanged pending the rise in the official maxima. Supplies, are short, all colonial lines being cleared, but there are several cargoes arriving. The trade, it is understood, has suggested to the Food Controller that he should release 100,000 boxes which have been commandeered, n-d thus prevent any undue increase in the prices. Many of the importers approve this proposal. The difficulty in securing tonnage would be thus avoided. SHORT-WEIGHT CHEESE. There are many complaints about short weight New Zealand oheeae, which is released bv the Government. This is due to its being too long in unsuitable storage. The Government allows 34 per cent, shrinkage off marked weights, hut the shortage is frequently 7 per cent., making it impossible to retail the cheese profitably at Is 4d per lb. FLOUR. Flour is quiet, owing to the increasing supplies of potatoes, of which there, is an excellent crop. It is therefore assumed that this will lead to a lessening demand for bread, and is likely to cause a considerable reduction in the consumption. especially as general dissatisfaction is expressed at the quality of bread now

being supplied. Australina flour is 78s; patents, 81s. GRAIN MARKETS. The market for wheat, oats, peas, and beans is inactive. Prices are unchanged. SUGAR. The price of standard granulated sugar is 46s 9d per cwt. FROZEN MEAT AND RABBITS. Market prices for all classes of frozen meat are unchanged. There is nothing doing in the frozen rabbits market. HEMP. "High point fair" graded hemp for July-September shipment is quoted at £92 per ton. RUBBER. Fine hard Para rubber is quoted at 3s 2id per lb; plantation, first latex crene 2s 7d; smoked ribbed sheet, 2s 6M. COPRA. South Sea lots of copra, in bags, on the spot, are quoted at .£43 5s per ton. STOCKS OF LEAD. Imports of lead total 12,304' tons and exports 815. tons. NELSON BROTHERS' DIVIDEND. By Telegraph—Press Association —Copyright (Received July 22, 5.55 p.m.) LONDON. July 21. Nelson Brothers have declared a dividend of 4 per cent. LIVE STOCK SALES AUCTIONEERS' REPORTS. Loan and Mercantile Agency. At Himatangi on Monday we had a fair yarding. Competition was fairly good throughout, and we sold the whole of our yarding at late rates. Hoggets and young stock were in demand. Fair mixed hoggets 23s 6d; small yearlings, 38s 6d: yearling heifers, £2 18s 6d, £3 ss: yearling steers, £4 14s: store cows, £5 ss. £5 16s: forward cows, £7 Bs, £8 9s: fat cows. £10; dairy cows, £9 7s 6d to £ll 10s. At Aniti on Tuesday we had a good yarding of sheep, comprising mostly good quality hoggets which sold well. Best hoggets 26s 6d to 26s 9d, good hoggets 24s 6d to 24s 9d, medium ewe hoggets 25s 3d, cull hoggets 15s, store cows £5 2s 3d. forward cows £7 17s 6d, springing cows £lO, young bull £3 15s. At Feilding on Friday we had a heavy yarding of sheep and a small entry of cattle. In spite of the wet weather sheen sold well at prices slightly in advance of last week's rates for hoggets and empty ewes. Ewes in lamb were a shade easier. Small hoggets 14s 9d, black face boggets 17s 7d to 20s 9d, good hoggets 23s 2d to 25s 9d. aged ewes in lamb 23s to 25s 3d, f.m. ewes in lamb 28s to 2ss 9d, forward ewes 32s 7d to 24s 3d. store wethers 32a 6d, light fat wethers 36s 6d, prime fat ewes 33s 6d, light fat ewes 29s to 29s 3d, fat hoggets 27s to 30s, 2-year s.h. heifers r.w.b. £8 15s. WELLINGTON CUSTOMS. The Customs revenue received at Wellington ou Saturday totalled £2697 19s lid.