COMMERCE AND MINING

New Zealand Times, Volume XLVI, Issue 10640, 13 July 1920, Page 10

COMMERCE AND MINING

WELLINGTON STOCK EXCHANGE. YESTERDAY'S QUOTATIONS.

tCarn rights. 'Cum div. Sales on ’Change:—Goldsbrough Mortgage, £2 7s DUNEDIN STOCK EXCHANGE. I'EE TBESB ASSOCIATION. DUNEDIN, July 12. Stock Exchange Quotations:—Talisman Consolidated. 7s (id. 8s fid; Waihi. S9s 9d, 41 ; ;; Waihi Grand Junction, sellers lie fid: Mount Lyoti, 21s 24s fid;* Nokomai Hydraulic. 13= Cd. 15s fid. cum dir.; Notional Bank, sellers 138-, cum div; Bank of New South 'lValcs, sellers .£35 10s; Back of Now Zealand, sellers £26 2s fid: Union Bank. £l3 Ifc, £U; New Zealand Insurance, £*9 los. £lO 3s; Standard Insurance, sellers 60s; Howard Smith, 45- On: I’. and 0.. deterred £SCO. £505; Huddart-Parker. ord., 54-3 9d. 565: New Zealand Coal and Oii, sellers 4s fid; Btown.-Ewing, ord.. buyers 265, BrownEwing, pief., buyers. 21s; D.1.C., ord., buyers fis, preru; D.1.C., pref., 20s, 21s 6d; Goldsbrough Mort., sellers, 47s fid: National Mortgage, £6. £6 4s fid; New Zealand Loan and Alcrrcantile, £1 OS; :S(V5v Zealand jMulay. Rubber, ord., buyers, 325; Luucdin-jvaaboraa Trams, buvors, 22s 9d: New Zealand Refrigerator. 10s paid, 25s fid. 23s 9d; Canterbury Meat, ord.. sellers. £ls 10s; Bruce Woollen. sellers. 50s ; Kaiapoi Woollen, ord.. ; 40s, 41a Cd; Kaiapoi Woollen, rights, buyers, Ss; New Zealand Paper Mills, sellers, 3fia fid; New Zealand Hardware, pref., sellers, I9s fid; Wilson’s Portland Cement, buyers, 15s lid; Milburn Lime and Cement, sellers, 36s Od: Milburn lame and Cement, rights, 13* fid, 16s; "Otago Daily Times, sellers 535; Papuan Products, 2s 3d, 2s fid; Now Zealand Sugar of Milk, buyers, 42s 3d; Whitcom.be and Tombs, sellers, 80s; JlcCravin and Co., buyers, 295: Debentures New Zealand Government War Bonds, .« per cent. 1938. sellers. £93 3s fid: Now Zealand Government War Bonds, 41 per cent.. 1941. sellers £96 2s fid. MOUNT T.YULT. COMPANY. Progress report for fortnight ended June 30th, 1920:—Mount Lyell Mine: No 5 level No. 5 mullock pass dnvo to 45ft in schist. No. 8 level cutting of engine chamber of engine winze in progress. No. 9 level. No. fi i*Ne was lifted to 32ffc through pyrites. Preparing in engine winze for opening out at No. 10 level. North Mount Lyell Mine: 650 ft level, north drive, advanced to 1309 ft in quartzitic schist; No. 23 rise lifted to 3ft through high-grade ore. 925 ft level. No. 2 north drive, to 67oit in hard quartzite. Deduction works: One furnace in. blast during 3376 tons copper consigned to refinery for the current year. TALLOW MARKET. Dalgety and Company, Limited, report having received the following cablegram from their London office, under date of July 7th, 1920:—"The tallow market is very quiet. 860 casks were offered and So casks sold. Since our last wire pricey are 2d lower. .Buyers are holding off.” LONDON WOOL SALES.

.Messrs levin and Company, Limited, have received the following coble from London, dated July 7th. 1820: As com- . pared with Juno closing Rues the presnnt opening sales show inerinos 2d per lb cheaper. Pine crossbreds and medium crossbreds unchanged, coarse • crossbreds neglected." THE HOME MARKETS. HIGH COMMISSIONER'S CABLE. • The Department of Agriculture has revived the following cablegram, dated 10th instant, from the High Commissioner for New Zealand, London: Meat. —Upon removal control early .this week prices English beef and mutton increased to Is Cd and -s respectively. but owing to a poor demand prices much lower, beef As 3d,. mutton and lamb Is 35d. No change in price f °B utter!—Average price English butter Is J 216 16s. Irish, is in active demand .with short supplies, particularly for best quality. Su P p ] le f_ haT ° J laved on account of transport difficultii- Creamery £l3, £ls 15s: production continues large, considerable quantity going to America. . Cheese.— Demand for English is l.raited with no change in pnee- Canadian IT in good demand; quotations, c.i.f., £7 ■ —Manila market quiet but firmtiemp. m. a ~y , ApnlJune shipment £59 10s-, August-Oclpber shipment?. £63 10s: quototmns are 10s higher. New Zealand margec verv quiet. Quotations slightly lowei, highpointe, £55 sellers; fair. £o4: Mav-Jul'v shipment, £o4 and Ao3 respcctively- — quiet. Nominal quotations are 80s and 955. according to quality* •WHOLESALE PRODUCE PEICES. L a ery and Company. Ltd.. Allen street, report wholesale prices as follow: Teed barley, Chevelier 10s 3d bushel, ..tw in; Cape barley, feed 9= 3d uTp'l.l sacks in; maize, 11s 9d pel bushel,' sacks 3 in; feed peas lOs per bushel sacks extra; Prussian blue peas. 11s per bushel, sacks extra; oats, teed Algerians 6s per bushel sacks in; oats, [„ j f;-irtniis 6s 6d bushel, sacks u' oatf A Gmde Garten. 6s 8d bushel bushel, sacks in; choft. oaten sUcat "ood bright, £l3 os ton, sacks in, £l3 sa„ sacks returned free on trucks or fob vVilliugMn. i'ano food, £l2 ton; lioiir, in sacks £l9 5s per ton; oatmeal, 33’s £36 to £39 per Ion; hay clover, **lo 10s per ton; lucerne, «£ll per k>n; Sototoes, UibUj (Canterbury), whito £h Isa uer ton, Tted Dakotas «£7 por ton, iiacki included; onions Canterbury choice 12s Gd p*r cwt; fowls, hens 8s to 10s; choice young roosters, Js to Us- ducks runners Ha to 13a ]>a ir : white ducks, 12s to Us pair; geese 15s to 16s pair; turkeys. Is 6d to Is id per lb deadweight; butter, farmers’ separator, milled or dairy, in bulk or lb pats. Is aid. Is SJd; eggs, fresh crates 2s 2d per dozen; dressed pork, choico

70's to 90’s lid per lb,, 100’s to 110 s 10]d to lid per lb; choppers, fid to 8d; cheese, factory, medium caso lota UJd: loaf cheese Is Id lb; shell grit, £7 per ton; seed potatoes, Canterbury-grown, Up-to-datos £9 10s per ton; Northern Stars, £7 15s per ton; Gamekeepers, £3 per ton; Breeze's Prolific, £8 5s per ton; Arran Chief, £9 per ton; button a Supremo, £l3 10s per ton; lied Dakotas, £9 per ton, sacks in. THE FRUIT MARKET. PRICES IN WELLINGTON. Following is the official report of tho Government inspector, Mr T. L. GedyeConsequent on tho slight increase of prices at tho beginning of tho mont-i consignments of local fruity have been excessive and considerable difficulty has been experienced by auctioneers to maintain such prices. Instances of oyer cool stored fruit, varieties of which should have been marketed weeks before, are only too frequent. Tho supply ot "black spotted" fruit has also had the tendency to keep prices at a low level. Good lines of delicious and ■ Dooherty apples have maintained normal prices, but aro not geliiii" at those usual f° r this time of tho rear. The lol.owiag is a fair average of the prices realised: Apples: Stunners 6s Cd. Jonathan 6s, Coxs -Is, Delicious Bs, Docherty 8s fid, Romo Beautv ss, G. Russet 6s, Etowan 4s Cd, Spitzenberg 4s fid. Munroes 5s feci, Washington 6s fid, Wolseleys 6s fid. Lpps Seedling As, Ballarat Seedlings os fid. Pears: Winter Cole, halt caso, 5s fid. Winter Nelis, half case. 5s 9d, Luster Beurre 7s case. Vicars 5s fid case. BANKING RETURNS. General abstract showing the average amount of the liabilities and assets o the Bank of Australasia, within the Dominion of New Zealand; taken, from the several weekly statements during the quarter from April Ist to Juno 30th, Liabilities. - Notes In circulation, <£455.59-4 Is €d; bills in circulation, <£■19.274 0s lOd; other deposits: not bearing interest £4.281,130 8s 4d. bearing interest £1.105,102 Is sd, 9s 9fl. Total average liabilities, i5.091.iw —Coined gold and silver and other coined metals. £960, 3s Id: legal tender notes of other _ ban its, £267,173 10s id; gold and silver in bullion or bars, £533 13s Ad: notes and bills of other hanks. £76,917 9s Sd; landed property, £132,939 7s 2d. Amount of all other securities: 1. Notes and hills discounted, £156,613 18s 2d; 2- Colonial Government securities. <£lo4 <65 Is iia, 5. other funded securities: 4. uue the bank (exclusive of debts abandoned as bndl. £4,068,41' ss: 5. securities not included under tho above beads, 14s 2d. Total average assets, £0,517,w0 Amount of the capital stock paid up at this date, £2.500,000: rate of the last dividend and bonus declared Ao the sbareholders. 11 per cent and bonus ot 4 per cent, plus 18 per cent, per annum, amount of the last dividend and bonus declared. £360,000; amount of the reserved profits nt the lim© of ccclarin ß such dividend, £3,227,822. STOCK SALES. Freeman E. Jackson and Co., Ltd., Wanganui, report' At Raetihi sale on 2nd mst. wo yarded 400 head of cattje and 1300 sheep. Wo had a good attendance of buyers, and everything sold readily at ruling values. Wo quote:—-Mixed empty 2-tooths 2fis 3d, f.m. ewes in lamb to Romneys 28s 3d. medium mixed aged ewes in lamb 20s 5d to 235, cull ewes 14s to 15s, mixed hoggets 22s to 22s 3d, small do. 10s fid. empty cows £5 8s to £6 10s. cows in calf £6 12s. empty heifers £5 10s, weaners 30s to 355, medium cows in calf £5 16s, dairy cows (good) £l7 to £l7 10s, medium do. £ll to £ls 15s.

On 6th inst. wo conducted a clearing sale of dairy cows on. account of Mr P. Verio, Aramoho. The cows on the whole were poor in condition and mostly backward calvers. The pigs sold readily. We quote :—Best cows £ls 15s to £l6 ss, medium cows £l3 10s to £l4 15s, fair cows £l2 to £l3, backward cows £9 to £l3; pigs, sows £9 to £ll 7s 6d, small do. £6, porkers £3. On Wednesday, 7th inst., at Wanganui, wa yarded 220 head of cattle and 1900 mixed sheep. The attendance was good, and we report a good sale, practically everything being sold. We quote:— Good empty owes 23s to 24s Id, mixed hoggets (good) 22s 9d to 255, medium hoggets 19s 6d to 20s. small do. 13s 6d, fat sheep 31s, fat and forward ewes 26s to 26s 9d, poor ewes 10s 6d to 11s, fresh cows £S 10s, 2 to 2J-year steers £6 12s 6d, 12 to 15-month steers £3 6s, yearling steers £2 15s to £3 Is, store cows £3 16s to £4 10s, 20-months Holstein steers £3 17s, 20months good coloured steers £5 15s, springing cows £l4 10s to £ls 10s, medium do. £lO 12s 6d to £ll, backward £6 15s to £9, small weaners 15s, medium weaners SOs to 335, springing heifers £lO to £ll, medium do. £6 10s to £7, vealors £2 15s to £2 17s, others 36s to £2 10s; pigs, good workers £4 3s, medium porkers £3 13s, stores SOs, weaners 255. SALE AT PALMERSTON NORTH. ..’Tim New Zealand Loan and Mercantile Agency Company, Limited, Palmerston North, report on Tuesday, wo held a dairy sale account of Mrs E. Jones. Bamesso. also a dispersal sale on account of Mr George Lake. Mrs Jones’s cows were a fair lot and sold freely. Mr Lake s cows were, an exceptionally fine lot and prices realised for the herd were above the average. Mrs Jones’s best cows made £22, fair cows £l4 to £lB 10s, three-quarter and backward cows £lO 10s, heifers in calf. Mr Lake's cows good, fair, sundries sold at late rates. The New Zealand Loan and Mercantile Agency Company, Limited, Palmerston North, report on Wednesday: We held a clearing sale on account of Mr Jas, Atkins, Whakaronga. The cows were a good lot and realised satisfactory prices:—Best cows, fair cows, late and three-quarter cows, sows made £l4 to £l4 7s 6d, sows with litters, sundries soid well. New Zealand Loan and Mercantile Agency Company, Limited, report. At Palmerston North sale on Thursday wo had an average entry, competition on sheep wa« keen Cattle were hard to quit. AVe sold (in conjunction with Dalgety and Co., Ltd.) 60 high-grade Jersey springing heifers on account of S. K. Lancaster, Elsq. They were a very fine lot and prices made were not up to expectation. Wo quote:—Empty ewes 245, woolly lambs 24s lOd. cull lambs 16s Id, store cows £p So, fat cows £9 15«. yearlings 28s to £3 6s, heifers (account S R. Lancaster) best £25 10s, others £l6 to £lB 10s. WELLINGTON CUSTOMS. The Customs revenue received at Wellington yesterday totalled £11,539 5s 6d.

Buyers. Sellers. J. 8. d. Jc s. d. Mining— 0 i 8 0 2 0 AA'ar Loans — Inscribed Stool: (ID-53') Inscribed Stock (1935) — 96 5 0 9G 5 0 AVer Bonds G339) AVar Bonds (1938) !k> 96 5 5 0 0 1 nvesljnenit.s— National Bank — 6 15 0 Bk of N.S.W — 35 12 6 jSMiik of £s.Z — ia> 0 0 1.5 17 (3 ha 3 3 t> vJoidsbiough ilort. ... •5 u 0 c Wn. Investment 10 10 0 — • Trust a ad Loan 6 6 0 — AVa. Deposit 0 8 y 0 9 9 Bth. Dnt. Insurance... — .10 1 0 is I o u r -t r. v C i n 5 11 : a n c o ... K.Z. refrigerating — 3 1 0 .Meat Co — *1 5 11 flear Moat 2 1 0 — Wn. Aleut Export ... — 6 15 e <£3 li’s Gel) — -t 10 6 Meat Import — 6 15 6 — 3 15 0 P. .and O — 520 0 0 Kuinpoi Woollen (rights) 0 9 0 — Wn. Woollen 10 5 0 — Hiauranpi Coal — 0 18 0 Tanp ; ri Ccal — 1 0 0 Wir.-tport Coal 1 10 3 — AA'aipa Coal — 0 17 0 B?t ia nd-CPIirien 1 Id 3 — i>.nne;s' Ce-Gp. Ane. (aC3) — 3 10 0 Wairarapa farmers ... — 6 12 G