COMMERCE AND MINING

New Zealand Times, Volume LI, Issue 11934, 15 September 1924, Page 12

COMMERCE AND MINING

WELLINGTON STOCK - EXGHANGE. SATURDAY'S QUOTATIONS. (10 fi.m. Call.)

TRANSACTIONS ELSEWHERE . ‘Per As^cialio* "AUCKLAND, September 13. Sale*?:—New Waiotahi (contrib.), 10d, lid, Grand Junction. 2s 3d. ~/M CHRISTCHURCH, September <3 Sales re ported Ne nr Zealand Breweries ia per cent. Bonds, 2&; New Zealand Government 4J per cent. Inscribed (1933), jC97 10s. Sales on 'Change:—New Zealand Refrigerating (con.). 9s; Westport-Stockton (pref.), ss“6d. DUNEDIN, September 12. '*Bales* reported:—South British Insurance, 43$ Sd; Mosgiel Woollen, .£7 2s. - PRICE OF GOLD. A'eistr%linn and V.Z,. Cable Association - ‘.ißeceired September 13, 5.5 p-m) LONDON, September 12. The price of gold is quoted at £4 12s M per ounce. 'WAIHI SHARES. v 7. r*''* \«w>p’afton (Received September 13, 5.5 p.m.) i LONDON, September 12. Waihi mine share are quoted: Buyers SRs lOd, sellers 28s 3d.. MiNING_NOTES r WAIHI. .. . . The following information lias been cabled, to the head office of the company in. London: —No. 8 level, Edward lode: *Atf‘4Soft south and in the crosscut to Abe east the next sft ia country rock, and the last sft is a mixture, assaying 2s per ton, Noi 9; level Edward lode: Driving south Abe next 23ft from 1332 to 1355 ft assays 48s 3d per ton BLACKWATER CRUSHINGS. During August 3585 tons of ore were crushed at the Blackwater iqine*. Beeftoft. yielding 1618 fine ounces of gold, valued at .£7362. Working expenses t in 4 that period totalled AJ4396 and.the working profit amounted to ,£2936. TOUR-IN-HAND (COROMANDEL). The manager repprts: —At No. 1 level the-drive going south on the Cuirassier reef has been extended 4ft. making'"a" total of B3ft. The reef is still very nar-' Vow and values low. As there is *ery little water now seeping from' the walls of the drive. I am of opinion that the ; *head” carrying heavy mineral and puggy - rubble, intersected a few feet back from ttifr'fa*c& was the Fonr-in-Hand Teef. HOME MARKERS ' MEAT QUOTATIONS. ■ Australian. and N 7 Cable Association .. \. ((Received Septemoer 14, 5.5 p.ni., LONDON, September's., /Tbe latest London quotations for frozen . .meal,are ; , • LAMB. ; Canterbury, light 12Jd. heavy lid: se- . lectetl, light 12Jd; North Island, firsts lljjd, seconds lljd. ““ FROZEN BEEF. New Zealand, fores hinds sd; Ar?entine» fores Sjd, hinds sjd; Uruguayan/ ores 3id/ hinds 4sd; chilled Argentine, fores 3ld, hinds 6Jd; other meats unchanged. NEW ZEALAND LOAN AND CANTILE. The New Zealand Loan and Mercantile Agency Co., Ltd., have received the following cablegram from thei/r London bouse under, date 12th instant:— : New Eealand meat—Lamb, lljd per lb 4 , (average): mutton, prices unchanged, market slow (last quotation August 22nd): wether ! and ' mauteft ewe, light 84d per lb, heavy 7#d per lb; ewe, light 6|d per lb, heavy sjd per lb. New Zealand dairy produce—Butter, choicest salted., no change in market (last quotations, September sth, 206 s to 210 s per cwt); cheese, 90s t 0.945; market slow. SHEEPSKIN MARKET. Messrs Murray, Roberts and Co., T,t(C .have, received the following cablegram from their London agents, dated fteptera- ' her 11th : —"Sheepskins—Merinos and fine crossbred advanced 7$ per cent., other descriptions; advanced 5 per cent.” MISCELLANEOUS MARKETS Australian and' N.Z Oble Association. (Received September 14, 5.5 p.m.) LONDON, September 13. . Cotton.*—The Liverpool quotation' for. American middling upland. October delivery, is 13.11 d per lb. Rubber.—Fine bard Para. 14Jd per lb; plantation first latex crepe, 14Jd to 141 d; smoked ribbed sheet, ltd to I4[d. Jute.—lndian native first marks, Sep-tember-October shipment, .£35 5s per ton. New Zealand hemp, September-Novnxn-ber shipment, per ton. Copra-rSout h “ sea, bagged, SeptemberOctober shipment, J 229 12s Ad per ton Linseed oil, JS43 per ton, equal to 3s per gallon. Turpentine, 66s per cwt, equal to 5s II 4-5 d per -gallon. WHEAT CARGOES Aust-uljan sod N.Z Association. (Received September 13, 5.5 p.m.) LONDON, September 12. Following strong American advices.

coupled with a good demand, chiefly from the Continent, wheat advanced from Is to 2s. The quotations for January shipments are 58s, 58s 3d, 58s 6d and 58s 7£d. Parcels are in good request. They show an increase of Is to 2s, the DecembevJanuary shipments being quoted at 57s 6d tO‘s7s-od r while the September shipments are quoted at Liverpool at 57s Od. LONDON FROZEN MEAT MARKET. Messrs Levin and Co., Ltd.., have received the following cable from their London agents, dated September 12th, 1924: — The market for lamb arid ewes is slightly easier, whilst the market for wethers is unchanged. • A. H.v Turnbull and Co., report:—We are. in receipt of a cable from pur principals, Messrs W. Wed del and - Co., Ltd., London, dated . 12th instant, reading: Danish blitter 210 s to 212« (last? week 208 s to -212s*, New Zealand salted 206 s to 2GBs (2C6s to 200sl, market quiet; cheese, white 94s (94s to 955), coloured 92s (925); market slow. . SMITHFIELD PRICES HIGH COMMISSIONER’S CABLE. The New Zealand Meat Producers* Board has received the following cable from its London office, dated September 12th, 1924, advising Smithfield delivered prices at that date as' follows. Prices for the two previous weeks are also shown:— Zealand wethers and-znmdens; Cantwti.ucy .quality, selected brands, 561 b and under ll .Sept9m.hfir„l.2th B£d, September sth BJd, August. 29th BJd; 57/ftHb September 12th Sid, September sth 81d, August 29th B|d.; 65/721b, September 12th Bd, September sth Sd v August 29th Bd. Other brands, 561 b and under, September 12th Bid, September. sth Bld, August ,29th Bid; 57/641f>, September 12th Bd, September sth Bd, ‘August-29th 8d; 65/721b, September 12th 73d, September sth 7sd. August 29th 7?d. New Zealand ewes, 641 b and under, September 12th 6ld, September ■ sth <ild, August '29th, 6id. „ New Zealand lamb, Canterbury, quality, Iffilb and under, September 12th 12Jd, September stlil2{d, August 29th 12ld ; 37'421b, September T2th lljd, September sth 12d, August 29th' 12d;. 43/501b, September 12th lid,. September sth - August 29th llid; seconds. September 12th llid, September sth August 29th lljd; selected; 36tb'and under September 12th 12id,. September sth 12id, August 29th l2id; 37/421b September * 12th 121 d, September sth I2jd, August 29th 12$d. Other brands, first quality, 421 b and under, September 12th ll?dv . September sth*’llid, August-29th lljd.' New Zealand beef, not quoted. Argentine chilled beef, ox fores, September 12bh -34di-September sth 3|d, •August 29th> ax fores, September 12th 74d, September sth 7jd, August 29th 7d. ’Argentine frozen beef, ox fores,' 1 September 12th 3|d,‘September sth 3£d; August 29th'8i<t;-dx "hinds, September 12th sjd, September sth s£d, August 29tli sid. ' Frozen pork, not quoted. Frozen: veal, September 12th id, September sth id, August 29th id. LEVIN MARKETS Abraham and Williams, Ltd., report on their Levin sale as follows: —There was a large entry of weaner pigs *at- Tuesday’s sale,' and in consequence a weakening in the tone of the market. Medium wearners made from 16s to £l, with, larger to 295. Well-grown stores sold well, especially those showing condition. There Was a fair.yarding' of pork, but buyers showed . a hesitation to purchase, and these also showed an . easier tendency. The.entry of. shgep was confined to a few pens of hoggets, which sold wen, mixed "sex woolly' lots 'making up to 27e id. In cattle, beef maintained last week's advanced rates. There was a fairly large entry of medium, quality dairy heifers, wMch made up to £ls, inquiry being dull.- Good quality dairy cows made upto .£lO. Prices were as follow Pigs—Medium weaners 16s to £l, good 22s to 295, stores 315,. to 355, with some showing -condition up to 39s f porkers to *82.155, baconers.JJS 10s to ,£3 15s. ' Sheep—Medium woolly hoggets 24« 9d, good 27a id. ; Cattle—Fat cows JBG 6s to £6 7s 6d, forward cows JC2 5s to £2, stores to 28&, food dairy cows J&IU, - indifferent quality eifere in calf JE3 to - SALE AT FEILDING and, Co., Ltd.,- Palmerston North.-report, haying a small yarding of sheep/hud. a medium entry of cattle at their FeUding sale on Friday, 12th inst. Both-fat sheep and. fat cattle were in kepn demand. Quotations Empty ewes, ] fat hoggets, 28s 3dj. fat ewes, 31s od, 36s to.. £2 ; fat .wethers, 39s 9d, £2 Is, A2 9d, £2 ss, £2jte» springing cows, heifers, £3 7« fid. £4. JU-7« fid ifte to f 6 :I S!vi atM 2s 6d, j£s‘l2s 6d, 12s 6d to .£6 15s; empty cows and heifers P.A., £2 3s 6d ;• yearling Jersey of^r^ l^ B ’,^ 2 78 Mi a tore cows, 30s, ; and forward cows, £2, £2 Bs, £2 i«»s to'Ja Bs. , JAPANESE ONIONS FOE NEW ZEAI/AND MARKET. A, Zealand ’Limes” reporter Tvas informed that ‘after a period of fully seven -or eiaht years shipments of •Tananose onions have recently reached this market, and -have opened up in the very best condition. These onions, it was explained, are hliyays shipped in hundredweight cratesT as naturally they.have to stand- a more protracted journey than Victorian onions, which reach this. market hr bags. The importation of Japanese been brought about bv the embargo on American onions, owing to foot and mouth disease in that country. 4 big outcrv was made by a.number, of * , £«ala"d- importers at this restriction. .but the quality and condition of . the onions from. the land of the Risin" Sun is n distipet indication that, at all events this. Feason, the doubts held in the pastJ as to the duality of tb* onion from Japan can safely be dispelled.

Prices of investment * nd mining stock* on,.SaA»ruay,were ps follow*.Buyers. Sclle X s d. £. s. d. Loans—, Inscribed' Stock (1928) 97 -*2 6 Inscribed • Stock (1983) 101 5 0 — Wnr Bnnd«~/l9S3) 101 5 0 — FAX Inscribed Stock 11927) •'Bebenturss— ■**••- •— 93 0 0 "Wellington Gas- :... ■V— . l(U 0 0 ’Ranks—' •13 18 National of N.Z. ...... __ 6 15 6 New Zealand 2 16 9 2 ’7 0 L>n*on of Austrulia - 14 176 Finffpe|al— P>u{tabiV Building ... 9 10 6 Wn. Invest. T. and A. — 0 10 6 Wn. Trust Loan . 5 15 0 Wn. Deposit andMorfc. . I—o a 3 Gas — •- Auckland (paid) 1 5 2 Christchurch 7 n O' 7 14 f Wellington (.£10) — 13 30 c Meat Preserving— O O 9 TVnnpnort.— Hndda'rt-Parker (ord.l *2 5 3 Htl.dd§ri-Parkcr (pref.) — • •i i 0 Union Steam (*>ref) ... P. and O. Def't Stock l 0 6 — SCO 0 0 Woollen— Wellington (ord.) — 7 * 0 Wftlnn 0 19 9 Timber— Kuuri '. 1 10 9 Taringnmutii Totara... 1 13 0 Misnellaneous— Manning and Co 1 u 9 "V.z.. Pnpec Mills — 1 3 6 Pearson. .Superheaters... Sharland and Co. (ord.) 1 1 0 2 1 0 Sharland.and Co. (pref.) \V i ; rc’ noa F arme rs* 1 1 0 a (pref.) 0 16 9 — Ward and Go.. .. 2 12 C — •Ciim diV. . Sale -reported:—Bank of Naw, Zealand, JB2-16s lOd.