COMMERCE AND MINING

New Zealand Times, Volume L, Issue 11648, 12 October 1923, Page 10

COMMERCE AND MINING

WELLINGTON EXCHANGE. YESTERDAY'S QUOTATIONS. (3.15 p.m Call.) Prices of investment and mining stocks yesterday woie as follow: Buyers. Sellers. £ «. d. £s. d.

Sales reported:—lnscribed Stock (1988), .£97 2s 6d; Bank o£ New Zealand, JB2 12s 6d; Union Steam Co. (pref.), ,£1 Os 6d. SALES IN OTHER CENTRES. Ter Press Association. AUCKLAND, October 11. Sales.—War Loans (1939), £97 2s fid; Soldiers' Inscribed Stock, -6102 2s 6d; New Zealand Inscribed Stock (1927), .£9B IQs; New Zealand Insurance, 30s; TauT>iri Coal, 20s 9d; Waihi, 265; Buller Mines, 353. CHRISTCHURCH, October It. Sales reported :—ss per cent. Inscribed Stock (1935), .£lO2 2s 6d; Union Bank* JBI4 18s 6d; Crown Brewery, 54s 6d. On 'Change:—Sugar Of Milk, 30s 6d. Sale reported:—New Zealand Government 4} per cent. Bonds (1938), <£97 2a 6d; Union Steam (preference), 20s 6d; Westport-Stockton. Coal (8 per cent, non cum pref.), Bs. / HOIVIE MARKETS TALLOW MARKET. The New Zealand Loan and Mercantile Agency Company, Limited, have received the fallowing cablegram from their London house, under date 10th instant: — "Tallow—We quote present spot prices for the following descriptions:—Fine mutton, 42s 9d. per cwt; good beef, 41s 9d per cwt; mixed, 36s 9d per cwt. Market inactive.*’ TALLOW. Dalgetv and Company, Limited, report having received the following cablegram from their London house under date of the 10th inetant: —‘‘Tallow: 1190 casks of tallow offered, 190 casks sold. Mutton tallow market firm. Scarcely any demand for low and inferior descriptions. Prices nominally 6d lower." DEPRESSION IN WHEAT. Australian and N.Z. C#»bl* Association. (Received October 11, 8.50 p.m.) LONDON, October 10. The market for wheat cargoes is depressed by the American decline and the absonce of British and Continental demand. Quotations are slightly lower. Parcels are in quiet demand, with prices 6d to 9d lower. TALLOW SALES Anstralian and N.Z. Cable Association (Received October 11, 13.30 p.m.) LONDON, October 10. At the tallow sales 1192 casks were offered, and 189 sold. Inferiors declined.; 6d; other classes were unchanged. AUSTRALIAN PRODUCE By Telegraph.—Press Assn.—Copyright. (Received October 11, 11.30 p.m.) SYDNEY, October 11. Oats—Algerian feed, local, 4s to 4s 2d; Tasmanian, 4a 4d to 4s 7d; white, 4s 4d to 4s 6d. Maize—Local yellow, 5s 6d; white, 5a 3d; South African, 5s 3d to 5s 4d. Potatoes—Tasmanian, .£l2 to .£ls per ton. Onions —Victorian, £7 per ton. At Adelaide oats are quoted at 3s to 8s 2d. SYDNEY WOOL SALES By Telegraph—Press Assn.—Copyright (Received October 11, 11.30 p.m.) SYDNEY, October 11. At th* wool sales competition was very general and prices 5 per cent., especially for fine quality. The record price of the season was realised for greasy merino, 35Jd. WAIHI MINE INCREASE RETURNS. By Telegraph.—Press Awn.—Copyright. AUCKLAND, October 11. The Waihi Company during the period ended September 29th treater! 16,258 tons of ore for a return of 5349 ounces of gold and 44,947 ounces of silver. In last year's corresponding period 15,347 tons yielded 4290 ounces of gold and 36,805 ounces of silver. SALE AT MARTON Abraham and Williams, Ltd., report .offering to a large attendance of buyers 'at their Mnrton yards on the 9th instant, 1050 sheep, 250 head no.a. cattle, and 65 pigs. Tho tone of the sale was Hood throughout and we quitted the whole yarding at late prices:—B.f. hog/gets, 23« lOd, 24h 6d to 265; wether hoggets. 22s 4d to 26s fid; do. small, 18s to 20s lOd; ewes and lambs, 36e 7d to 38s; fat cows, £8 5s to ,£$ 15s; forward cows, £5 to £5 15s; 3-year S.H. steers to £6 8* fid; 2-year do., j£4, £4 4s. £4 15s to .£5: yearling do.. £2 to £3 12s fid; 2-year R.H. heifers, £3 to £4 Is; store cows, 15s, 25s to £2 ss; yearling heifers, los, 20s to 30s; springing heifers, £3, £4 5a to £7 15s; do. cows, £4 to £6 10a; cows and calves. £1 2s 6d to .£2 4s. Fi(?s — Slips. 275, 28s to 29s 6d; weaners, 18s fid, 19k. 21s, 22s to 24n.

War Loans— Inscribed Stock i1939) 97 7 3 Inscribed Stock (1938) 97 7 3 Inscribed Stock (1933) — 102 :» 0 \\ ar Bonds (1939) : 97 0 0 — War Bonds (193S) 97 0 0 — Will- Bonds (1930) 97 0 0 — U'nr B-.nds n»33i 102 0 0 «■ — I’.O. Inscribed Stock (1927) 98 7 6 — Debentures— N.Z. Breweries — 101 10 1 Devonport Borough, 5 / pet* cent. (1936) — 105 0 ) Bonks— National — 6 18 0 New South Wales 1 40 10 0 — New Zealand (old issue) .2 12 3 — New Zenlondfnew issue) :l n 0 — I’nion 14 IS 0 15 0 0 Financial— Dalgoty and Co 13 0 0 — tioldsbrnugh Mort. ... — , 7 6 Q«8— r?islH>rr*o v 0 14 0 — Napier (pref.) — 9 17 6 Wellington (.£10) — 14 3 J Insurance— Standard .■» 1 17 9 1 18 3 Meat Preserving— Canterbury Frozen. (ord.) 13 0 0 N.Z. Refrigerating (ill) i 2 9 — Hnddart-Parker (ord.) 2 1 9 — Union Steam (pref.i ... i 0 o — Coal— Westport 2 0 6 W aipa 0 16 6 -* Timber— Kauri l 8 0 1 8 6 Ley land O’Brien 1 18 0 — Rotoiti 1 1 0 — Tarlngamutu *. 1 12 6 — Miscellaneous— Austialian Glass (ord.) 1 9 9 — Crown Brewery 2 14 6 — Gates. Ltd. • — 1 0 0 Howard Smith 2 12 6 Sharland & Co. (ord.) i 1 6 — Sharland & Co.- (pref.) 1 1 6 — Wairarapa Farm ers’ (pref.) — 0 17 3 Wilson’s Cement ...... i 8 8 —