COMMERCE AND MINING

New Zealand Times, Volume XLVIII, Issue 11046, 1 November 1921, Page 10

COMMERCE AND MINING

WELLINGTON STUCK EXCHANGE.

Y ESTER DA Vo QUOTATIONS.

Prirpi >nT(..f ni pi>t and mining stocks yesterday were us follow:

SALES IN OTHER CENTRES. Per Press Association. CHRISTCHURCH, October 31. Sale on 'Change:—Union Bank of Austialaaia (rights), £3. AUCKLAND STOCK EXCHANGE. SALES AND"'QUOTATIONS. Par hen Association. AUCKLAND, October 31. Sale:—Union Bank (rights), 40s, 37s Id. Quotations: —Banks: National, ~£s 16®. JH> 13»; New South Wales (sellers), £35 15s: New Zealand, 50s 6d, 50s; Union •sellers). Jill ss, (rights). 395, 355. Insurance: National, 595, 58s: New Zealand, as* 3d, 27s 3d; South British. 35a id, 35a. River Plate, 18s, 16s 6d; Loan and Mercantile (buyers), £BO. preference 'buyers), £SB; Taupiri Coal (sellers), 17a id; Auckland Gas, 33s 6d, 23s 9d• (contributing). 275. 96s 3d; Huddart-Parker (sellers), 455; P. and 0., £345, -£335; Leyland O’Brien (buyers), 99s 6d; Parker Lamb. 27a. 22s 6d. Sugar: Australia (buyers). £27 15s; Fiji (sellers), lOjd; New Zealand Drug (sellers), 555; Paper Mills. 945, 23e; Wilson’s Cement, 15s 3d, 14s 6d; Waihi, 23s 6d, 21s 6d; Grand Junction, 8a lid. 8s 8d; City Tramway Debentures (buyers), £B3. War leans r (Buyers). 1930. £99 10s; 1969, £B3 ss, £B7; 1939, £B7: Soldiers' Bonds, £99. New Zealand inscribed. 1997. £9l; 1938, £B7 15#; 1939. £B7; Soldiers* Bonds, £99 \os. £9l 15a. DUNEDIN *STOCK EXCHANGE. LATEST SHARE QUOTATIONS. Per Preen Association. DUNEDIN, October 31. Share quotations;—Basing Sun, 3s, 6a; Rise and BUine, buyers Is; Waxha, 21s 3d, 92s 9d; Waihi Grand Junction, buyers 8s &t; Mt. Lyell. li» lid. 14s Id; Bank of Australasia, sellers £B6 Ms; National wUws 115 a; New Zealand. 49s 6d. 50s; Union, eellera £l9 8s; ditto (rights), 38s, its; National Insurance, sellers 16s; New Zealand, eellers 295; South Brituh (n <h».J, eellers 90s 3d; P. and O-, £335. £348: union Steam (pref.J, buyers 18a 3d; Huddart-Parker, ids. ids 9d; Westport Owl, 38s 3d, 395; . Brown Ewing (mi), buyers 345; DJ.C. (prof.), buyers 17e wd; National Mortgage, sellers 71s; Wright-Stephenson (ord.), buyers 21s; Dominion Rubber, buyers ■ 13s 9d; Donagby’s, buyers 27a; Dunedin-Kaikorai Tpfnkf, mi Iks 345; New Zealand Refrigerating (30s pd.). buyers 27s 3d; ditto (Me pd.). 14s 6d, 15s; Bruce Woollen (new), buyers 3s; Karapet (ord.), buyers 295; ditto (10s pd.), buyers 11s 6d; McLeod Brae. Soap, buyers £l4 ss; New Ifll'TT J Paper Mills. sellers 31s 3d; ditto (nss Imoek sellers 2a; New Zealand Drug Cto (40s pd.), mllrs 55s 3d; New,Zealand Brnuw fpref.), buyers 15s: Smith and Smith (prof ), boyaM 16s; Wilson's Portland Comeat, buyers Ida 3d; Milburn Lime Cement. 98s, 30s; "Otago Daily Times." buyers 48b; Perpetual Trustees, buyers 345; Trustees and Executors, 465, 48s; New Zealand Sugar of Milk, buyers 38s 9d: War Bonds. 1999 buyers.£B9 10s; 1939 £B7 las «d, £88; 1939, sellers £88; Inscribed Stock. 1938, £B7 10b. £B7 ss; Postal Bonds, 1937, bnysra £9l; ditto, inssribed, 1937, buyers £9l; Soldiers'. 1933, foyers £93 9» 6d; Inscribed, 1333. £93 t* «d, £93 7s 6d. MOUNT LYELL MINING. WORKS JN HAND. Foilowing is the progress report for the fori night ended October 19th, 1921: „ .Mount lyell Mine.—No. 5 level, emotion of poppet head at engine winze continues to progress. North Mount Lyell Mine: 700 ft level, No. 11 winze sunk to Sift in quartaitic ore and pyritised quartzite; 925 ft level. No. 4 crosscut to 3ft in low-grade 'ore. Reduction works.—One furnace in blast, during fortnight, 455 tons of blister copper consumed to the refinery for the current year. Concentrator: Picking plant operated 964 hoars and put through 9879 tone North Lyell ore. MS tons sorted ore semt furnaces and 2148 tons of reject one and fines to the mill. Mill operated 9784 hears and treated 3806 tons of ore, producing 819 tons at jig concentrates and 536 team of flotation oonsentratea. 3HABLAND AND CO., LTD. rWHNTT-THIRP ANNUAL REPORT. Following is the, twenty-third annual report of Sharland and Co., Ltd.:— In presenting the balance-sheet and profit and toea aoeonnt for the year ended August 31st, 1931, your directors renot having to report a diminution in the profits compared with previous years. The continued drain by taxation on the company's resources, the receding value of goods held, and the increases in all expenses are responsible for the decline, which, your directors trust, is only temporary. After providing for all bad and doubtful debts, full depreciation of premises and plant, writing down stock * to saleable values, and Government War Stock to market prices, ae well as payment of interim dividend, there remains a balance at £7066 14s Id to be dealt with, after taking into account £9797 9a lid brought forward from last year's account. Appropriation is recommended ae fallows:— In payment at dividend, 6 per cent, for the year, lees interim dividend ef 2) per cent, paid May 9th last, £4375; to carry forward to next year's aeoount, £3839 14s Id; total, £7035 14e Id. Faithful and arduous service baa been given by the managers and staff throughout the year. In terms ef the articles of association,, the retiring director is Mr 47. Smith, who, being eligible, offers himself for reelection. The auditors —Mr Jamee W. Jack, in Wellington, and Mr Alex. Grierson, in Auckland —-offer themselves for reeleetion. and there are no other nominaThe directors and principal# are as under: —Directors, Mr VV. Watson (ohairman), Mr Christopher Smith, Mr A. B. Manta, Mr J. H. Owen, Mr A. A. Corrigan; manager (Auckland), Mr Frank Rensaaw; manager (Wellington). Mr W. F. Larkin; secretary, Mr D. E. Beaglehole. WELLINGTON CUSTOMS. - The Customs revenue received at Weifcington yesterday totalled £4518 13s lOd. I Mf—r* S. George Nathan and Co. submitted to public auction yesterday afternoon a four-roomed cottage on a quar-ter-acre section in Beauchamp street, Karon. Bidding started at £4OO, and quickly rone to £750. at which price it was sold to Mrs Thomas Pearce.

NEW ZEALAND COLLODIAL CLAY. INTERESTING. DEVELOPMENT. Some years ago, while travelling in New Zealand, jar Langley Shaw, of AucklunU, noticed some ataon wahines wosmng blankets, which, on examination, he found peculiarly clean, and U.iso light and fluffy. Being interested in wool scouring, lie asked wliat soap tue women used. An old Maori dame handed him a lump of moist grey-looking earth, which, on investigation, was found to he a saponaceous clay, really aluminium silicate. The outcome of the discovery is that a process was patented tor preparing this article for the market for wool-scouring purposes, and a company in Leeds, England, has recently purchased the Alpha Mills at llkley to exploit the process. CHRISTCHURCH BUTTER. FIVE TONS FOR* AUCKLAND. ■ The fact thaf butter is dearer in Auckland than some other centres of the Dominion has been referred to on more than one occasion recently. Trade has. however, a method of regulating its own anomalies The Katoa, which arrived from Christchurch at Auckland last week, took five tons of butter for sale on the Auckland market. This is surely ■'carrying coals to Newcastle,’’ as Auckland district is a great butter producer, tut if prices are higher in one centre than another, if there is a margin of profit to be made, merchants will promptly take advantage of the opportunity. It is stated that the butter from Christchurch coste about ljd per lb under the wholesale rate ruling in Auckland. RETAIL SUGAR PRICES. NEW AUCKLAND SCHEDULE. The new schedule of retail prices for sugar, which will oome into force on November 7th. have been fixed fey the Auckland Master Grocers’ Association as follows: —Brewers' crystals, 70's 295, 35 s 14s 6d, lffs ss. 6’s 2s 6d. less than 6lb, sd, single lb, sd; Nos. 1 and 1A 275, 13s 9d, 4s 9d, 2s 4jd, 4Jd. sd; No. 3. 26s 6d, 13s 6d, 4s Bd, 2s 4Jd. 4Jd, sd: No. 3,25 s 6d, 13s. 4s 6d. 2s 3d. 4W. 41d: caster sugar. 6d per lb; golden syrup, bulk 3id. 2s Bd, 7*s 2s Id. 56’s 13s; treacle. 3d, 7d. Is lid, 11s 6d- icing sugar, 7d per lb. FRUIT AND VEGETABLES. TOWNSEND AND PAUL’S REPORT. Messrs Townsend and Paul, Lamited, report as follows: —The market is firm for all choice lines of fruit and vegetables. ; We recommend prompt consignments. Apples, Washingtons, 12s 6d. 13s 6d; Sturmer’s Fancy, lie, 15s; Jorathans. 13s; lord Wolseleys, j2s; Delicious, 18s, 20s. Walnuts, Is Sd per lb. Pears, Winter Coles, 14s, 16s. Winter Nolis, 16s; Vioars,’ 10b. Green peas, 2s to 2s 9d peck. New potatoes, 2Jd lb. Asporagus, 7d to 9d bunch. Celery, 4s to to dozen. Leeks, 5d bunoh. lettuce. Is to 4s case. Onions, Melbourne £9 10s. Potatoes, southern. £4 10s. Cabbages, 4s. Cauliflowers. 13s. Spring onions, 9d large bunch. Parsnips, 12s. Carrots, good, 8s sack. Pumpkins, 10s. Marrows, 10s. Spinach, 5s case. Eggs, fresh Is Sd, cases) Is sd. Fungus, wanted, lr per lb. Butter, separator. Is 5d per ib. Poultry, hens 7s. cockerels (heavy) Us to 12s, light 7s to 8s; ducks, 12s to list, geese, 12s; turkeys. Is per lb. Skin* hides, fat, and tallow at market rates. Dressed pork, 70’s to 100’s, 8d to 9d per lb, prime 9jd, choppers 5d per lb.

Buyers. Sellers X ». d. Jt s. d. War r<,arv— Inscribed Stock (1939) 86 10 0 / Inscribed Stock (1938) 86 15 0 — Inscribed Stock (1933) 92 0 0 — W ar Bonds < 1939) 86 15 0 — War Bonds (1938) 86 15 0 — War Bonds (1933) 93 0 0 — 5 p.c. Inscribed Stock (1980) — 93 0 0 Investments— Bank of N.Z — 2 10 Union Bank (rights) ... — 2 0 0 Union Bank (fractions) 0 7 6 — Wellington Ga» 7 15 0 dear Meat — 8 10 0 1 11 Vveliington Meat .Export (JS3 K2s 6d) — 3 2 0 Union Steam (pref.) ... 0 18 4 — Miscellaneous— Manning and Co 3 9 0 — » W.F.A. (X5> — 5 0 W.F.A. (pref) -- 0 16 6 Minin*-;-No quotations.