COMMERCE & MINING

New Zealand Times, Volume XLIII, Issue 9998, 15 June 1918, Page 2

COMMERCE & MINING

WELLINGTON STOCK EXCHANGE. YESTERDAY'S QUOTATIONS. Buyers. Sellers. £. a d J£ s d MiningTalisman Consol. 0 8 9 V.'.iiiii ....: 117 0 117 9 YVostUmd Gold Prospoet Co 10 0 Investment — National Bank 5 5 6 5 7 6 Bk. NjS.W Bk. N.Z. i£3 6s 8d) ... 12 5 0 12 7 0 i Bk. Is./.. U<s 13s 4d)... 17 16 0 18 0 0 Eauitablo Building ... 9 2 6 N.Z. and It. Plat© 1 17 0 Auckland Gas 1 7 C 1 8 C j National Insurance ... 2 18 6 Stli. Brit. Insurance ... I Standard Insurance ... 2 16 I Auck. Trams, (ord.) ... i Auck. Trams (pref.) ... 1 Huddart-Parker (ord.) 1 18 6 Union Steam (pref.) ... 1 0 10 Wn. Woollen (ord.) ... 7 0 0 Wn. Woollen (pref.>... Oamaru Wooll. (ord.) 110 0 Taupirl Coal 0 18 0 -r Waipa Colliery 0 17 t Kauri Timber (S3s> ... 1 8 0 Levland O'Brien 17 8 18 0 Colonial Sugar (Aust.) D.I.C. (pref.) 10 0 Golden Bay Cement ... 017 9 N.Z. Drue (£2) _. 2 13 6 N.Z. Paper j 1 0 10 * QUOTATIONS ELSEWHERE. Press Association. AUCKLAND. June 14. &tock Exchange sales:— Rising Sun. 2 S lOd. Waihi Grand Junction. 13a sd. Now Zealand Insurance, £9 18s. Auckland Gas. I9s 3d, a* , r. , DUNEDIN, June 14. Btook Exohange sale:— Westport Ooal. 29a 6d. Sale reported : -'.f'.-,.-Electric, Is'3d. '■■■s?&-l WAIHI SHARES. Australian and N.Z. Cable Association. (Received June 14 8.50 p.m.) LONDON. June 13. Following are among the latest Stock Exchange quotations: Waihi, b 355, s 86s tex div.); Grand Junotion, b 18a 6d, 6 14s 6d (ex div.). ' COMMERCIAL OABLBS. Australian and ' WJS. Coble Association. CReceiveiT June 14. 840 p.ni.) mt . „ LONDON. June 13, Wheat—Pair quantities afloat are being offered, Austraiiaft parcels have been sold at 79a fld. Little is doing on the spot. Flour—The market Is quiet and anohanged. Oats—Dull, little offering. Peas and beamif—Slow at late xateß. , Sugar—Market unchanged. Butter—There are good arrivals of butter.', One New Zealand steamer is landing 113.000 boxes. Negotiations for the purchase of the output of Australian and New Zealand butter and cheese are proceeding, ft Is expected that the price .of butter will be considerablv increased and that of oheese slightly. The system of a graduated price for butter, aooordlnfr to quality, will be maintained. LIVE STOCK SALES AUCnONErffiiF REPORTS. Abraham end Williams, Ltd., reportsAt Levin on Tuesday wo yarded a large entry of sheep, and a medium one of oattle to a biff attendance of buyers. Bidding throughout for Bheep was spirited, and good prioes resulted, but cattle were inclined to drag. Quotations i—Pat maiden ewes 83s. fat ewes 27s 6d, 27s Bd, 28s 4d to 28s Bd, good forward ewes 28s, fat lambs 21s to 24s 8d,:: forward wethers 29s Gd, small 2-tooth empty owes 23s Id, small Smooth wethers 22s 6d, medium 2-tooth wethers 26s sd, medium lambs 14a, 18s to 19s 9d, cull lambs 12s Bd heavy fat oows £l2 3s, JJI3, .£l3 17s 6d to JSI4 10a, light fat cows 5s to .fill 18s, forward cows <6B 12s 6d to JSd, store oows £6 7s 6d. i!7 to £7 7s, mixed weaners £2 8s to ££ 17s, 18-month steers, M 12s to .£7 2s 6d, potter bulls jBIO to jCII, dairy oows (July and August calvors) .810 ss, . ,£ll, JJIO 10s to "JBI2, weaners 12b 6d to 16s, stores 18s, porkers 345, 365, 42s 49s 6d, 52s to 60s.

At Otokl on "Wednesday stook oame forward in excess of adoortlsod numbers, but the tone of the market was quiet, and a dragging sale resulted. Quotations:—Medium lambs 13s 7d, cull lambs 7s, cull ewes in lamb 9s to lis, 2-tooth wethers 27b 7d, 4-tooth wethers 30s, 4 and 5-year ewes in lamb 22s and 28s, 4-tooth ewos in lamb (good) 325, light fat ewea 25s 6d, store cows .£5 to JEG 15s. Dalgeoy_ and Co., Ltd.

Dalgety and Co., Ltd., report having a fair entry of sheep and a 1 small yarding of cattle at their Palmeraton North solo on Thursday. Quotations : —Empty ewes Ha to 15a 3d, light fat lambs 19s 6d, mixed lambs Ids 6d to' 16s, mixed 2-tooth 26s to 275, bulls JEG, emply store cows .£8 6a to £7 lis, dairy cows .88, X 9, .£lO 10s, .£ll, £l2, .£l2 10s, .£l2 15s to .£l3 12s Cd. Tho Loan and Mercantile Agenoy reports :

On Tuesday we held a sale of dairy stock on account of Mr P. Pederseu, Ohakea. There waa a good attendance. The stook were good and competition wua keon throughout The herd of 61 cows made an averago of «£l3, the best prices being JOS, £l6 ss, .£l6 10s, .£l6 lfis, .£lB 15s and .£2l, heifers r.w.b. £3 10s to £8 12s 6d, s.h. bulls '.£lo 10s to .£lB, mare and foal ,£ll 10s, milking plant J 8133, Alpha separator .£25, spring dray .£l3, sundries sold well.

At Rongiotu on Monday we had a good yarding, and all lots sold readily at auction at late rates.—Quotations:—B.f. forward lambs 15s 3d, fat ewes 29a, yearling steers M, aged cows £2 6s 6d to £i las, forward cows £6 ss, £6 6s, £7 10s to £7 15s, fat cows £lO to .£lO 16s, dairy cows (good) £ll 4s 6d, £l7 10s to JJ26. Abraham and Williams, Ltd., Marton, report:

Tho Marton sale was lield on Tuesday Very fair entries of both sheep and cattle came to hand and sold well up to lato rates. Wo quote :—Boat lambs 22s Id, good do 198 2d to 19s 9d, very fair do 14s <sd to 17s 7d, medium do lis to 13s, oull do Cs to 9s, poor do ss, cull m.s. 2tooth 16s Bd, store ewes 9s to 12s, better do 15s 9d to 16s 7d. forward'22s to'2ss 6d fat do 31s 6d to 33s 3d, yearling heifers £3 10s, 18-month steers ,£5 Bs,. 3-year do £8 10s, springing heifers to J2lO 7s Cd fat cows .£ll .10s, fat heifers .£ll, bullocks .£l-1 ss.

On Wednesday we held a most successful dairy sale on acoount of Mr H F Arkwright. at Ovorton. The cows were a nice lot, and sold from J2lO to .£2l averaging in,tho vicinity of £14,. Tho heifers were not so keenly in demand but all were sold at prices ranging from' £6 10s to £l2 10s, weaner heifers mado £4, dmpty ewes 19s 6d. fat ewes 27s lOd, breeding sows £2 5s to £6. WJXLINGTON CUSTOMS. Tho Customs revenue received at Wellington yesterday totalled .£3228 3s sd. -

FINANCIAL GABLES BANK AND STOCK EXCHANGE REPORTS. By Telegraph—Press Association—Copyright (Keceived June 14, 8.50 p.m.) LONDON, June 13. The Bank of England return issued for the week ended Wednesday. June 12th, is as follows: IBSITB DEPABMENT. Notes issued 52.025,005 Govt, debt 11,015,000 Aoteslnres. 29,679,000 Other BLcuritlei! 7,434,000 Gold .63,255,000 £81,704,000 £81,704,000 BASKING DHPABTMBOT. £ £ Proprletow" Govt, seonrlcapital 14,553,000 ties 66,149,000 PuUio de- Utlior »ocurlposits 43,020,000 ties 100,913,000 Otuer de- Koteslnres. 29,679,000 posits 126,663,000 Coin in res. 624,000 Heat. 7-day. 4 other bills 3,234.000 £187.370,000 . £187.370,000 Tho leading items of the Bank of England return afford the following comparisons:— This Last Laat week. week. year. Bullion . 63,255.000 63,210,000 52,973,030 Reserve 30,303,000 30,389,000 35,029,000 {Katie eiro'li'tion 52,025.000 51,855,000 38,7,79,000 IDeposite 169,583,000 170,569,000 Proportion of Boserve to Lia^ bllitles 17.87 17.82 19.94 THE MONEY MABKET. This Last Last week. week. year. per cent, per cent, per oent Bank rate 6 5 6 Short loans 3J 3J 4} Three months' bills 3i 3J ftj CONSOLS AND ATJSTBALASIAN BTOOK3. Current quotations for Consols and Australasian Government stocks. compared with those of last week and of June 14th, 1917, aret—

'lnterest payable la May and November. Jluterest payable la January and July. {lnterest payable la April and October. ! SOUTHERN GBAIN AND PEODTTCE. JPress ",ABBoola.Uon. CHJttISTaaUECH. June 14. Ver-r little business is doing locally in Brain. Odd lots of wheat are still cornins to hand and there is a, good demand from North Island millers, who have not Vet filled their warrants. Most of the business passim? in oats has been in resales •of stooks purchased in the south, there. beinß practically no ■white oatg ottering looaUy. Tho demand for Aljreriana is slack and they are nominally worth te to 4a 6d at country stations, according to quality. Potatoes have advanced on account of the better demand from the North Island and saleß have boon made at Jio 7s 6d to £5 10s at country stations. There is a fair auantifcy of heavy produce, especially *>ats and potatoes,' being shipped north, but it is still difficult to obtain space for oatsheaf chaff and the market for thin is dull at present, al-thouß-h merchants would take any lines of prime that offered. White clover seed is a little firmer in price, as growlers have declined to sell since values declined. Prices now run at la 4d to la Od. Bed olover J* a little easier and buyers are not wiHini? to "eivo more than Is 6d. W3OJJEBA&E PEODFCE PRICES. Laery and Oo„ Ltd., Allen street, report wholesale prices as follow:—iVawls' wheat, prime 6s lid to 7s Id per bushel; feed barley. Rood 6s 4d per bushel; maize feed, fls lOd to 7a per bushel; orushed maize 7s id per bushel j oats, ■feed 5« 6d to 5s 7d per bushel, Dun choice Gs to to sd; chuff, oatsheaf, ,£9 10s to JilO 10s per ton, saoks in; flour In sacks, ,617 per ton; oatmeal, 25'8, £26 10s per ton; fowls, 5s to 7s per pair; ducks, 8s to 8s M per pair; geese, 104 to lis per pair; butter (pound pats). Is 8d to la 4d per lb; butter (prime bulk), la 3d to Is '4d per lb; eKge, fresh 2s 2d to 2s 3d per dozen, preserved Is 9d to Is ltfd; turkeys (dead weight) ad to Is per lb: dressed pork, choioe, 70's bo 80s BJd per lb, SO's to 100's 8d per lb; bacon ylss, ohoioe, 7d to 7}d per lb; choppers, boavy, 4d to 5d per lb; beeswax, 2s per lb J b««on (all best factory), sides Is 2d per lb, rolls Is 3d, hams Is Bd, shoulders Is; cheese (factory), medium 9d to 10d per lb, loaf Old to 10d; linseed oil meal, 100's, JJI2 per ton; linseed oil nuts, 18s 6d por owt; linseed oil ground cake, 13s Gd per cwt; onions, JSD 10s to 4jloa per owt; potatoes, southern table, <6B 6s to £8 15s per ton, «acks included; 6 wedos <JOs por ton, sacks extra.

i i 1 Voar dtoat. |Xbu watiiWxIcaso. Ago. ,s B a i i. a S i. d. Si % Imperial 0*U ! j* 5B 0 o e6 a 0 64 3 6 5% xTvy at Loan 34% 1. War Loan : S3 15 : 87 15 0 03 17 0 87 15 0 94 10 0 0 §8 17 6 4% Naw Zealand* 8$%Newz;.Jaln.adt i i 86 17 0 87 0 0 85 15 0 ; 72 5 0 72 5 0 73 0 0 37oNowi2ealani{ i 62 10 0 63 0 o <js 7 e 4% No w a Wale* ! 83 17 6 84 0 0 83 0 0 34%New i». Waloj :100 12 ! 72 a 6100 12 el 08 7 6 3J% „ 1830-50 6 72 2 6 69 0 0 670 p 0 0 84 0 0 8% New*. Waloj 1% Victoria 84% Viacoria, 34% „ 1929-49 3% Victoria 34% Sen. Australia 07 7 88 3 0 09 6 6 97 7 6 87 18 U 70 6 ! 70 10 « 70 10 0 :02 5 0 02 6 6 72 0 0 03 fl 0 ! 71 7 0 71 2 e 3% 8tn. Australia : 66 0 0 50 10 0 67 0 0 0 BO 2 6 4% Qaoenaland 34% Queensland ! 92 5 0 91 15 i U0 5 0 89 10 0 86 15 0 3% Queensland , 3J% \V. Australia i 62 10 ! 75 9 0 02 0 0 76 2 SKIS 0 69 10 0 3% W. Australia 34% Tasmania ! 72 7 ; 72 5 6 73 0 0 71 J e 71 17 fl SVl'asi mania ! es 0 0 05 0 0 63 0 0