COMMERCE AND MINING

New Zealand Times, Volume L, Issue 11663, 30 October 1923, Page 10

COMMERCE AND MINING

WELLINGTON EXCHANGE.

YESTERDAY’S QUOTATIONS.

C 3.15 p.m. Call.) i Prices of investment and mining stocks yesterday w ere as follow: l Buyers. Sellers.

Eeporte-1 sales (10 a.m. Call):—Union Bauk, o£l«>; Wellington Woollen lord.), £9; Wairarapa Farmers’ Co-op., 17s. Reported sales (3.15 p.m. Call):—War Loans, Inscribed Stock (1933), <£97 2s 6d.

SALES IX OTHER CENTRES. Per Press Association AUCKLAND, October 29. Sales Auckland Gas (2s paid), 3s 3d; Kauri Timber, 28s 3d. Saie>: —War Loan (1938). £97 2s 6d: Bank of New South Wales, £4l 10a; Bank Oi New Zealand (old). 525; ditto (new), s‘Vs 9d and oOj 3d; Auckland Gas (new), 3- oil; L'nion Steam (prof.), 20s 6d; Wilton's Cement, 2?s. CHRISTCHURCH, October 29. Sales reported:—s} per cent. Inscribed <1933). .£101'10s; Union Bank, £ls (two parcels.); Wil-son's Cement, 2Ss 6d. DUNEDIN, October 29. Sales reported:—New Zealand Refrigerating (cont.), 12?; Gear Meat, 41s. Sale reported :—Kaiapoi Woollen (ord.L 21a 6d. M9UNT LYELL MINING CO. WORKS AND RETURN. Following is the progress report for the fortnight ended October 17th, 1923: -Mount Lyell Mine.—Ore breaking in progress above base of open cut; tons extracted, 959. North Mount Lyell Mine.—Ore breaking in progress; tons extracted, 4587; 1000 ft level No. 22 rise to 59ft through mineralised grey schist; No. 23 rise to Bit through hard quartzite; No. 24 rise -o sft through quartzite carrying fair amount of chalcopyrite; 1100 ft level. No. 9 crosscut to 82ft through hard mineralised quartzite; No. 14 rise to 19ft through hard quartzite; No. 15 rise to 18ft through hard mineralised quartzite. Reduction Works.—One furnace in blast for the full period; 360 tons of blister copper consigned to refinery for the current year. Concentrator.—The mill operated 300} hours, and treated 4691 tons of ore, producing 848 tons of flotation concentrates o.; i 032 tons of jig concentrates. FROZEN RABBIT TRADE 1 istrauan and N.Z. Cable Association. LONDON, October 27. The Australian frozen rabbit trade so tar this season has been most disappointing. I’rices prevailing here leave little, it nny, profit to importers. Sydney “blues” are now quoted at 27s per cate ex ship, and “rods” 2te. Even at these price*, but few aro going into consumption. The chief cause of this unsatisfactory st.ite of affairs is the heavy supply of English rabbits, which not only have come in to the market a month earlier than usual, but are said to bo more plentiful than in any period for a quarter of a century past. Another cause of (he poor demand is I l*e cheapness of meat. Consumers of Cozen r,?Kbits mostly belong to the poorest classes, •'•ho find frozen beef at fid jst pound (and much of it is now Wing i-'tailed at this figure) is more economical lorn rabbits at the same price. Fresh killed English rabbits are selling in the market* at 6d !o 8d per pound, and Ostend tame rabbits, specially reared on the Belgian sand dunes, aro obtainable at R>d. PRODUCE MARKETS 11 HI COMMISSIONER'S CABLE. '1 he High Commit ionev reports to the Department of Agriculture on the London market for eaein, hemp, and wool us follow : Casein—Buyer* are holding off in an ticipatiqn of lower prices, and quotations ere nominal. French rennet. £7O to £79 per ton. Argentine lactic, £6O per ton. Hemp—Manila market easier, but closed .steady. J grade, spot, sold at £32 to £32 )(»-; November-Junuary shipments, £3l 10s per ton. New Zealand market continues quiet owing to the ahsencc of sellers. Buyers idea for highnoint is £3! 10- to xjer ton. \\ ool—Sales continue satisfactorily wjth raw materia) in a strong position. ‘1 ‘ln* confidence in ero-sbrod is an oi'o»jjf»','ir:g feature. Coarse crossbred now p°r cent, to 7} per cent, medium crossbred 7-1 per rent to 10 per cent. dcar«i than Inst ebbing r

Mining— Wnihi 1 G 0 1 6 6 War Loans— JiKcriW Stoi'k (1939) 07 0 0 — Inscribed Stock (1933) y? 0 0 — Inscribed Stock (1933; — 101 15 0 Inscribed Stock (192.) — 99 0 0 IiiM-nbetl Stock (19-U) — 99 0 0 War Hornls (1911) 96 17 6 — War Bonds (1939, 97 0 0 — War Bonds (193$) 97 0 0 Bonds (1927; — 93 10 0 r.O Inscribed Stock <1929i 98 0 0 98 10 0 P.O. Inscribed Stock il927> ~ 93 10 0 Debentures— IVvonport Borough, 3 per cent. (1936) —• 105 0 0 Gisborne Shoc-p tanners — 102 0 0 Banks— National — 6 18 n New South \\ alec? ... 41 13 0 — New Zealand — 2 12 6 New Zealand (new issue) — 2 11 0 Vnion 14 19 0 — Gas — Christchurch — S D 0 Napier (.£10) — 11 O 0 Napier («.£oi *— •» 11 6 Napier (prof > — 9 17 6 Wellington (-£10) — 14 o 0 Wellington i.pref.) 0 16 9 0 17 6 lnsuiance ~ National 3 16 6 — South British — 2 0 6 Meat t’i os.M-ving— Canterbury (ord.) 13 0 0 — N.Z. Kefrigeruting (10s; — 0 12 1 Gear 2 0 D — W u. Meat Export (.£3 12s 6J; — 2 10 0 Traimport - Huddart-Parkor (ord.) 2 1 9 2 2 6 Wool en— Wellington (ord.) ...... S 19 0 — Wellington <pref.) 3 19 0 — Coal— Westport — 2 0 6 Waipa 0 17 0 — Timber— Kauri , »i S 0 — Levland-O’Brien 1 19 0 — Uotoitl 1 0 — Tarincamutu 1 12 6 — M isrelianeor.s--Dental and Medical Supply 1 0 — Gates, Ltd — 1 0 0 N.Z. Drug 3 0 — X.Z. Breweries w. 1 6 0 N.Z. Paper Mills — i 4 6 iSliftxland and Co. (ord.i *1 2 ,3 — 8harlan<i and Co. (pref.) *1 2 3 — W.FC.A. 'pref.) 0 16 11 0 17 3 Wellington Cordage ... — *D 19 6 Wilson’s Cement 1 3 3 8 9 s Cum div.