COMMERCE AND MINING

New Zealand Times, Volume XLVII, Issue 10894, 7 May 1921, Page 12

COMMERCE AND MINING

WELLINGTON STOCK EXCHANGE. YESTERDAY’S QUOTATIONS. Price* of investment and mining atoelm Milerday wet* aa under:— Bnnia Sellers. £ a. d. A d. Mining—

SALES IN OTHER CENTRES. ran rasas tMocuntts. CHRISTCHURCH. May 6. Salas reported:—Union Bank of Australasia. £l2. DUNEDIN, May 6. Sales on 'Change : —Bank of Australasia (fractions), 355; Mount Lyell, 13s 9d (three sales), and . 19s lOd (four sales); New Zealand Refrigerating (contrib.), 14a 9d (two sales), and 14s lOd (four sales). LONDON QUOTATIONS. Australian and N.Z. Cable Association. (Received May 6. 5.5 pan.) , LONDON, May 5. Stock. Exchange'quotations include-. Waihi, buyers 27s 6d, sellers SUs; Talisman, fis 3d. BANK OF ENGLAND. LEADING ITEMS OF RETURN. ladratha and N.Z. Cable Association. (Received May 6, 5.5 pan.) LONDON, May 5. The leading items of the Bank of England return for the lgeek ending May 4th afford the following comparisons:— This weak. Last week. A A Bullion ... 126,540,000 126,536.000 Reserve 17-279,0QP 18.288.000 Note circulation .r. 120.508.000 128.520.000 Govt, deposits 15,438,000 15,202.000 Other deposits 125,370,000 125,968.000 Govt, securities 61.067,000 54,627,000 Other securities 79.558,000 86,041,000 Proportion of reserve to liabilities ......... 12.30 p.c. 12.94 p.c IMPERIAL AND COLONIAL GOVERNKENT SECURITIES. Following are latest quotations for Imperial and Colonial Govsnuawt asoarl* ties:—

MONEY MARKET. Short loans are quoted at 4i per cent., a drop of i per cent, compared with last week, and three months* bills are at 5j per cent., a decrease of 4 per cent. FOREIGN EXCHANGE RATES. Australian and NJZ. Cable Association. (Received May 6, 5.5 pan.) LONDON. May 5. Foreign exchange rates on London are quoted:— Paris. 49-95 francs to Al. Stockholm. 16.92 kroner. Christiania. 25.84 kroner. Berlin. 262 marks. Calcutta, 15 5-8 d to the rupee. . Yokohama. 294 yen. Hongkong, 90jd to the dollar. Montreal, 4,43 dollars. • New York, 3.97 dollars. LONDON PRODUCE MARKET. Australian and NA Cable Association. LONDON. May 5. Moderate business is being done in wheat, at firm price*. Flour is in better demand. Australian, spot. 66s to 66s 6d, ex store. English oats are easier. Australian and New Zealand are unchanged. Barley is firmer. Australian is not offering. Beans and peon* are quiet, but un- • changed. Sugar is easier. Granulated, 66s per ewt. LONDON FRUIT MARKET. Australian and N.Z. Cable Association. LONDON, May 6. Apples are in good demand, but prices for pears are maintained. The Cornwall is discharging very slowly, so that tho markets are not over supplied. Some Victorian Josephine* have brought 465. THE METAL MARKET. Australian and N.Z. Cable Association. (Received May 6. 10.20 pan.) LONDON, May 5. Cipper.—On spot, £72 Lis 6d; forward delivery. £7O 12s fid. Electrolytic Copper.—A72 10s and £73 Ms. Lead.—A22 10s and A 22 10s. Spelter.—A26 and £27 10s. Tin.—£l76 5s and £l7B 12s 6d. Silver. 35Jd per ounce standard. THE METAL MARKET. LONDON. May 5. The motal exchange statistics show Mock* as follow:—Tin. 63,380 tons; copper, 19,305 tons; lead, 18,127 tons; spelter, 17,730 tone.

CANTERBURY PRODUCE. ACTIVITY APPARENT IN OATS X-SK PRESS ASSOCIATION. CHRISTCHURCH, May 6. The healthier tone in the oat market is being maintained. Trading has been restricted to /spot requirements, buyers showing tittle nisposituon to operate forward. The general opinion, ihowegsr, 19 that bedrock 'has been touched, and that northern requirements will . occasion stonily inquiry. in the meantime farmers are offering very few samples, and some business has -been done at 2s 3d per bushel at country stations fotr A G-iado Uartons. B’a being olio _ penny lean. Algerians have been affected mote by the activity than white oats, and thera has been a sudden firming fn values. Up to 2s 3d, at country stations. was paid last week-end, but active inquiry from the North Island, for autumn seed purposes, caused a further advance, and values may he quoted at 2s 5d to 2s 7d per butmel at country stations. . Chaff has firmed an sympathy with oats, but Blenheim growers are monopolising practically ail the business ottering from the north. The seed market is exceedingly dull. Both perennial and Italian ryegrass are worth 2s 6d at country stations. Inquiries from Australia for Linseed caused a temporary activity, and up--to £9 per ton was for supplies for immediate shipment. This figure is somewhat above the current quotation. Potatoes are not coming forward in any quantity. Growers now prefer to wait until there is some development. LONDON WOOL SALES. MARKET HARDENING. Messrs Murray, Roberts and Co. have received a cable from London which I shows that, the market gives indications of showing considerable improvement. The cable is from their London friends Messrs Sanderson, Murray, Elder, Ltd. and iB as under: —"Market firm, hardening tendency. Merino good advanced 5 per cent, to 10 per cent. Crossbred fine advanced 10 per cent. PRECIOUS METALS. EXPORTS FOR DOMINION. Statistics of the exports of precious metals have been furnished by the Minister for Mines (the Hon. G. J. Anderson) as follow: — Gold. Value, ox. -8 1918 11,987 42,391 1919 230,210 1,334,406 1929 212,973 883,748 The embargo on the export of gold was lifted in 1919. Silver. Value, oz. 22 1918 879,383 171,456 1919 453,567 103,037 1920 369,400 87,665 THE PRODUCE MARKETS. EMERY AND OO.'S REPORT. Messrs Laery and Co., Lid., Wellington. report wholesale prices as follow 1— Feed barley. 4s 6d .per buehel, sacks in; crushed barley, <Ls lOd bushel, sacks in j Partridge peas. 7s 6d per bushel, sacks in; peas, Prussian bine, 7s 6d per bushel, sacks in; peas, feed 6s 6d per bushel, sacks in; oats, Algerians seed, prime' 3s lOd, good 3s 9d per bushel, sacks in; oats. Duns choice heavy 4s Id, sacks in; Sparrow bills for poultry feed 4s 3d; oats, dressed oats for poultry feed 4s 10d bushel, sacks in; oats, Gortons A grade 3s lOd per ibushel, saolmin; crushed oats, 4s3d per bushel; Farro food, ton lots, £lO 9sfid per ton; chaff oaten sheaf. Blenheim, prime ion lota. £7 los per ton, sacks in, free on trucks Wellington; hag, extra choice lucerne £9 ton, good clover .£8 10b per ton; potatoes Canterbury, good table white, ton lots. £6 10b ton, sacks in; Red Dakotas £7 per ton. sacks in; fowls, hens, 6s to 7s, heavy roosters 7s to 9s per pair; ducks, 10s to 14s per pair; geese, 13s to 15s pair; turkeys. Is 7d to Is 8d per lb; butter, farmers' separator dairy or milled Is lid to 2s per lb; eggs, fresh 3s 8d to 4s per dozen, preserved 2s 5d to 2s 6d per dox.; shell grit, choice quality 1001 b hags 6s 6d per bag; onions, 7s per cwt; picklera, 8s 6d per cwt; -maize, whole 7s 9d pef bushel, sacks in; crashed 8s 3d bushel, sacks in; fowl wheat, ten-sack lots, 8s lOd per bushel, sacks in; meat meal, for poultry feed, 22s pear 1001 b bag; pig meal. .£lO IQs per ton; oatmeal tor pooltry feed, 16s per 1001 b bag. FRUIT AND VEGETABLES. VALUES FIRMING. # Messrs Griffiths and Co., Ltd., Wellington, report that the market is short-sup-plied with all varieties of frftit. In consequence. values have finned considerably and on present prospects are likely <to remain so for some time yet. The following were the rates ruling yesterday:— Apples.—Delicious, choice, 11s to 14s case; delicious, spotted. 8s to 10s case; Jonathans, choice, 8s to 10s esse; Jonathans, others, 6s 6d tbo 7a 6d; Cox orange, choice. 13s to 14s 6d case; munroes. 7s to 8s 6d‘ case; alfristons. 7s to 9s case; woiseleye, Ge 9d to 8s case: five crown. 7s to 3s case. Pot re.—" Winter coles, choice, 14s to 17s esse; winter nelis. choice, 14s to 16s fid case; capiamonts, 11s to 14s case; marie louise, 18s to 15s case; vioars, 6s 6d to 7s fid case. Cape gooseberries. 6s 6d to 7s 9d per 10 to 121 b box. v Quinces, Us to 14s per bushel case. Green peas. 25s to 90s per saok; beans, 4d to 6d per lb; cabbages, 14s to 17s ner sack; cauliflowers, 20s to 30s per sack; pi emelons, 9s to Us per sack; parsnips, 10s .to 14s per sack; carrots, 5s to 7s 6d per sack; swedes. £G to £8 Per ton; onions, £7 per ton. Eggs.—Fresh. 3s 9d <to 4s per dozen; preserved, 2s to 2s 3d per dozen. SALE AT LEVIN. Messrs Dalgety and Co., Ltd., report having offered a good yarding of sheep at Levin on Tuesday. The demand was good, and a clearance wae effected at prices slightly in advance of recent rates. Quotations: —Fat wethers, 12s 6d to 14s 3d; fat ewes, 8g 6d to 11s; a few prime 2-tooth ewes of oatstanding quality fetched 255; mixed age -wethers, 10s 9d; fat and forward ewes to 8s 2d; m.alambs. 5e to 6s 3d. FROZEN MEAT. BETTER DEMAND. Messrs Dalgety and Co., Ltd., report having received the following cablegram from their London house under date of the sth instant:—'.Frozen meat: Demand rather better. Lamb: Market very firm; stocks almost exhausted. Frozen mutton: There are considerable stale stocks, for which prices are declining; but new season scarce and firm. N.Z. prime crossbred mutton, BJd por lb. Beef: Poor demand; supplies plentiful- New Zealand prime ox beef, fores 4d. hindquarters 54d; Australian prime ox beef, fores 3Jc% 'hindqua'rters sid.’* SALE AT ASH HURST. Dalgety and Co., Ltd., Palmerston North, report on their usual monthly sale at Aahhurst. on Wednesday, the stii instant: —We had a good yarding of sheep and a fair entry of cattle, practically the whole of which was sold under the 'hammer at very satisfactory prices, fat and forward sheep selling very well. We quote—Sheep: Romney ewe "lambs, 12s; b.f lambs, 13s; ‘ medium mixed lambs. 6s 3d, 7s Id, to 7s fid; small lambs, 2s lOd, 3s, 3s fid to 5s 2d; mixed 2-tooths. 6s to 9s fid; mixed age ewes, ss; f.m. ewes. r.w. S.D. rams, 9s 4d; fat e*es, IQs; mixed 2-tooths fat 13e 2d. Cottle: Mixed weaners. 8g: yearling heifers, 37s j heifers, 2-year R.W.8., £5 6s; store cowe. 20s, 30s to £2 ss; dairy cows June to July cal vers, £7 to £9 10s; yearling bulls, 15s. Totara posts, 2s. A quantity of other sundries was readily disposed of. WELLINGTON CUSTOMS. The Customs revenue received at Wellington yesterday totalled £7564 12s Id.

Progress — 0 i 3 Talisman - — 0 5 10 Waihi fl 19 6 — Waihi Grand Junction 0 7 0 War Loans*--Inscribed Stovk (1930) 81 0 O — Inscribed Stock (1938) 81 0 0 — Inscribed Stock (1933; 89 0 0 — War Bowls (1939) 81 0 0 — War Bonds 11938) 81 0 0 — War Ruuds (I980j — 87 0 V War Bonds <lS33t 89 0 0 — 5 p.e. P.O. Bonds (1927) 89 10 0 — 5 p.c. F.O. Ins. Stock 0937) 89 13 6 — Investments — Bank of Australasia (rights) : — 13 5 0 Bank of Australasia (fractions) — 2 3 6 Natumat Bank — 5 i 0 Bank of New Zealand 2 6 6 2 7 0 Union Bank 11 15 0 12 0 0 Financial— Goldsbrongh Mort. — 1 10 0 ljjnirablu Building Co. — 8 s 0 G isborne Cas Co — 0 14 National Insnranco ... — +2 16 6 8th. British Insurance — *1 11 0 N'.Z. Refrigerating Ul) 1 4 9 1 5 6 N.Z. It e f r i g orating (10s) 0 14 4 0 14 11 Tluddart-Parker (ord.) 1 19 0 — Union Steam (prof.) ... 0 17 9 0 18 3 "Kaiapoi Woollen (ord.) — 1 5 0 Kaiapoi Woollen (10s) O 13 6 Mwjf’ci Woollen 4 10 0 — Westport Coal 1 4 6 5 0 Waipa*Coal — V 15 0 Leyland-O’Brien 1 5 0 — XI iscel laneous— Sharl&nd and Co 1 2 3 - w.f.c.a. us) — 6 1 0 w.f.c.a. (jei) — i 4 0 W.F.C.A. (pref.) 0 14 9 — +Cum dir. *Bt div. Sale on 'Change: —Bank of New Zoaland. JE2 6a 9d (2).

, This wk. Jt a. 4. Ultwk. Jt «. d. 2i p.e. Imp. Consols... 46 17 6 47 17 a 5 p.c. War Una 87 O 0 86 10 0 3i p.c. War Loan. 87 15 0 *88 2 6 54 p.c. Ans. Comm. ... 99 0 0 98 12 6 54 p.c. Ans. Comm ... 94 12 6 95 15 0 3 p.c. N.S.W. (1930-50) 68 15 o 67 10 0 4 p.c. N.S.W. <18851 ... 76 17 6 76 15 0 34 p.c. N.3.W. <190382) 94 17 6 94 10 0 64 p.c. N.S.W. <1930-40) 103 17 6 102 15 0 34 p.c. Vic. (1921-6) ... 86 17 6 85 0 0 34 p.c. Vic. <1920-10) ... 63 12 6 63 5 0 3 p.c. Vie. (1929-40) ... 55 O 0 55 12 6 34 p.c. 5. Acs. <1980)... 68 17 6 60 0 0 3 P.c. 3. Ana. (opa.) ... 51 10 0 50 O 0 4 p.c. Q’nl ml (JM 5 - 2 ® 34 P.c. Q’nl'nd (l§22-47) 90 10 0 90 lO 0 88 15 O 87 15 0 3 P.c. Q’nl*»d <1923-47) 57 0 0 57 0 0 4 ».c. 19. Z. <19201 ...... 83 15 O 83 12 6 34 p.o. N.Z. <1920-40) ... 71 0 « 71 0 0 3 p.c. N.Z. <1920) 50 15 O 80 0 0 34 P.c. W.A. (191335) 72 0 O 68 150 3 p.e. W.A. <191335) ... 67 0 0 67 0 0 3 p.e. Tea. <1920-40) ... 62 O 0 62 2 6 34 p.c. Tss. <1920-40) ... *B* dr* 69 2 a 68 10 0