COMMERCE AND MINING

New Zealand Times, Volume L, Issue 11705, 18 December 1923, Page 12

COMMERCE AND MINING

WELLINGTON EXCHANGE. YESTERDAY'S QUOTATIONS. (SIS pm Call.) Prices of investment and mining stocks

Sales reported:—lnscribed Stock (1938), ’JB97 r Union Bank, .£l4 ITs 6d; HuddartParter, .£1 Os 7d; Howard Smith, .£2 Us 6d. SALES IN OTHER CENTRES. Per Press Association AUCKLAND, December 17. Sales on 'Change.—War Loan, 4i per cent, 1938, Inscribed, £96 10s. Sales: —New Zealand Inscribed Stock (1939), .£9B 17s 6d; Waitahi (cont.). 6d. DUNEDIN, December 17. Sale 'on 'Change.—Wilson's Cement, EBs. Reported sale. —Electrolytic Zinc.—2Bs Id. Sales: —New Zealand 6 per cent. Inscribed Stock (1936), 99101. Reported sale:—Bank of New Zealand, 60s. LONDON PRODUCE MARKETS. Cable message received by the Bank of New South Wales from its London office, dated 14/12/’23 : — "Wool.—Market very strong all descriptions, especially medium and coarse crossbreds, good Gisborne skirted fleeces, forty-fours, forty-sizes, realising 16W to I9d: forties, forty-fours, 14Jd to 17d. "Mutton. —Market Arm—quiet. Wethers. 6Jd to Bid; ewes, 5Jd to 6id. Lambs, dull, Md to UJd. Beef, duU. 2Jd to *Jd. Pork, 6d to BJd. "Butter, 214 sto 216 e. Cheese, 106 s to 110 s coloured; 104 s to 108 a white; both alow. NATIONAL DAIRY ASSOCIATION CABLE. The National Dairy Association or New Zealand, 'Limited, have received the following cable from their London office, dated December 14th, 1923: "Butter.—Market 6low, with falling tendency. New Zealand, salted, 212 sto 2165; Australian, 20ts to 210 e; Argentine, 174 sto 1945; Baltic, 1965; Danish, 222 s to 2245. "Cheese—Slow. New Zealand, white, 106 sto 108 s; coloured, 108 eto 110 s; i Canadian, same prices." LONDON PRODUCE MARKETS. The Bank of New Zealand produce department has received the following advice from its London office, under date December 14th:— "Butter—Slow. 214 s to 216 s per cwt. "Cheese—Slow. Coloured, 108 s to 110 s per cwt; white, 104 sto 108 s per cwt. "Prosen meat—There is little doing in wether mutton, but the market is firm. Ewes are steady. There is little demand for lamb, and the market is dull The beef market is dull. Wethers, light 7id to BJd per lb, heavy 6id to 7i<l; ewes, sid to 6id; lambs, under 42’s, 9fd to Hid; lambs, over ilfs, 9d to 9Jd; lambs, seconds, 9Jd to 10Jd: lambs, Australian, lOd to lOjd; lambs, Argentine, Did to 10Jd; oz, hinds, 4d to 4sd; ox, fores, 3d to Sid; cow, hinds, 3ia to 4d; cow, fores, 2Jd to 3d." BUTTER MARKET DEMAND FALLEN OFF. The Department of Agriculture has received the following cablegram, dated 15th inst., from the High Commissioner for New Zealand, London ; Butter.—Demand hae fallen off considerably, and the market is quiet at the decline. Official quotations are: New Zealand, e&lted finest, December 15th. 212e-216s per cwt (Is lpjd-ls lid per lb); December 15th, ezceptional, 218 s per cwt (Is llid per lb). Australian salted finest, December 15th, 2045-210 s per cwt (Is 9|dIs 10id per lb); unsalted, December 15th, 21 Os-212s per cwt (Is lOid-ls lOjd per lb). Other qualities, December 15th, 1965-200 s per cwt (Is 9d-ls 9id per lb). Argentine, finest, December 15th, 186s-194s per cwt (Is Bd-ls B}d per lb). Other qualities, December 15th, 160s-184s per cwt (Is sd-ls 7Jd per lb). Danish, December 15th, 2225-224 s 224 s up to 226 s per cwt (Is lljd-2s 2id per lb). Cheese.—English, steady. Colonial very slow and tendency weaker. Official quotations are: English, finest, farmers 1 , December 15th, 135b-1458 per cwt (Is 2sd-ls 3Jd per lb). Canadian, December 15th, coloured 108s-110s per cwt (llid-ll|d per lb); December 15th, white, 106»10es per cwt (lljd-114d per lb). New Zealand, December 15th, coloured, 108s-110s per cwt per lb); December 15th, white, 106s-108b per cwt per lb). A shipment of New Zealand produce arrived to-day per Tainui. The National Dairy Association of New Zealand, Ltd., have received the following cable from their London office, dated December 141 hi—flutter, —Market «low, with fulling ten* clpnry. New Zealand, sAlted, AiisfroMn. 2fMg-210sj AmiinPi Jinllic, lWla) Danish, Cttfcpfp.— B‘nw Nc-.r Zealand, white. IGGs-lOte* N«tr Zealand, coloured, 108s-llG*. Canadian, fame prices.

MINING NEWS

WAIHI GRAND JUNCTION A BETTER RETURN. The following information has been cabled to the London office:—"For the period ended December Ist, the Waihi Grand Junction Company crushed 6400 tons of ore, which yielded 2145 ounces gold and 3566 ounces silver, equivalent to a return valued at £9365 4s Id, without allowing for premiums on metals. The excavation of No. 11 level chamber is completed, and timbering the same is proceeding." The London office advises having sold 10.776 Hohonu Slucing Company shares for .£5250, and hopes to sell the remaining 20,000 shares within a few months. The information is of importance, as the return shows a considerable improvement upon the preceding one. As far as New Zealand shareholders are concerned, the advice from the London office that 10,770 Hohonu Sluicing Company shares 'had been sold for £3250. is gratfying news, as it will increase the reserve funds of the company. If the other 20,000 shares can be sold at the same rate, the company will not lose much on the venture. as last year’s balance-sheet shows amongst the assets 30.770 shaies at 10s each in the Hohonu Gold Slucing Company, cost £IO.OOO. PROPERTY BALES J. H. BETHUNE AND CO. Messrs J. H. Bethune and Co. announce in our auction columns that today, Tuesday, in the ©state of the late John Holmes, they arc submitting an 8roomed dwelling, dairy. Z-stall stable, trapshed and loft, standing on 3 acres 23.4 porches at Ngoio; also ,7 vacant sections, Main road, Ngaio, details of which appear in tho advertisement. CUSTOMS REVENUE. The Cuntoinß revenue collected In Well* ington yesterday amounted to <£97(10.

yesterday were as follow:— Buyers. Sellers. £ B. d. Jo s. Q Mining— Waihi — 1 9 0 War loans— Inscribed Stock (1939) — 97 0 0 Inscribed Stock (1938) — 97 2 6 Inscribed, t’tock (1933) K*0 io 0 — War Bonds (1938) — 97 2 6 War Bonds (1933) 00 15 0 — P.O. Inscribed Stock (1929) — 97 15 0 Deben taros— Wellington Gas 103 0 0 106 0 0 Eastbourne Borough, 6i per cent. (1952) — 106 7 6 Bnnks— Australasia 13 0 0 — National 6 15 0 6 17 6 New Zealand — t2 10 9 Union 14 17 0 14 19 0 Financial— Equitable Building ... 8 14 0 — N.Z. Loan and Mer (ord.) *82 0 0 — N.Z. Loan and Mer. (pref.) *77 0 0 Wellington Trust Loan 5 15 0 517 0 Gns— Wellington (.£10) ...... 13 10 0 14 0 0 Wellington (pref.) to 1« 3 Meat Preserving— IT.Zf. Befrig. (10s) — 0 11 6 *3 1 6 *— Wn. Meat Export (JE3 12s 6d) — a 2 0 Transport^-Huddart-Parker (ord.) — 2 2 6 Huddart-Parker (pref.) 1 0 6 — Woollen — Kaiapoi (oont.) 0 9 11 — Wellington (pref.) — 9 6 0 Coal— Hikurangi (pref.) 0 10 0 — Taupiri (ord.) — 1 0 0 Taupiri (prof.) 1 4 0 — Westport — 1 18 0 Waipa 0 17 0 — Timber-. Kauri 1 8 3 1 9 3 Leyland O'Brien 1 18 0 Rotoiti 1 2 3 — Taringamutu 1 12 0 — Miscellaneous— Australian Glass 1 8 a —• Crown Brewery 2 17 9 — Dental and Medical Supply — 1 1 3 Gates, Ltd *— ■fO 16 9 Howard Smith 2 11 0 2 12 0 Kirkcaldio and Stains .. — 0 19 0 W.E.C.A. (pref.) — 0 17 8 Ward and Oo 2 1 6 — Wileon’e Cement 1 7 6 — •Cnm div. fEx dir.