COMMERCE AND MINING

New Zealand Times, Volume LII, Issue 12151, 30 May 1925, Page 6

COMMERCE AND MINING

WELLINGTON STOCK EXCHANGE YESTERDAY’S QUOTATIONS (3.15 p.m. Call.) TIIO following were the closing quotations on the Wellington Stock Exchange yesterday, where there was again great

Sales reported:—lnscribed Stock (19331, £101; New Zealand Breweries (bonds), £1 2s; Commercial Bank of Australia, £i 9s 9d, £1 10s; National Bank of New Zealand (rights), £1 6s 9d, ill 6s 6d, £1 6s sd. SALES IN OTHER CENTRES. ' Per Press Association. 1 AUCKLAND, May 29. o'aes on ’Change:—Huddart-Parker Co., Ms 9d;.Bank of .Australasia, 14s 6>t: National Bank (rights), 27s 9d; Kauri Timber, 335; New Zealand Breweries, 39s Cd; ditto 225; War loan. 41 per cent. (1938), ,£97. Sales:—Bank of Australasia, £l4: 6s; Bank of New Zealand (new issue), 5s 6d; National Insurance, 71s 3d; New Zealand Insurance, 34s (two sales); Kauri Timber, 335; Milne and Choyce (debenture stock), 23s 9d; Moanataiari, Is 3d; Wnihi, 29s 3d (three rales). CHRISTCHURCH, May 29. Sales reported:—Bank of New Zealand, 56s 6d; New Zealand Tanners G 1 per cent. Stock, ,£'9o. Sale on 'Change :—Christchurch (las. £7 12s. Sales reported :—Bank of New Louth Wales (ex div.). £4l 10s; National Bank of New Zealand (rights), 26s Gd (five parcels), 26s 7d, 26s sd, 26s 9d, 2Gs 6d (four parcels). Sates oh 'Change :—Bank of New Zealand (old), 57s 6d _ , DUNEDIN, May 29. ' Sales reported—New Zealand Breweries (debentures), 225. MUIR’S REEF TEST SHAFT SUNK. Por Press Association. _ . WAIHI, May 29. Prior to sinking a shaft to test Muir’s •rold reefs mine at To Puke at a greater depth No. 3, a winze on Muir's reef was nunk to a depth of 150 ft below No. 3 level, and work had then be suspended owing to water trouble. A crosscut was put out from the shaft 500 ft. below the level in question to .intersect. Muir’s leef has drained off the wafer,..and a few days ago the sinking of the winze was resumed. At 168 ft down, for the full width of the winze, the reef assayed 8s lid per n n ’„ at 171 ft 15s > at 176 ft 15s 9d, at 179 ft £1 7s Id. Only one wall of the reef is exposed. CANTERBURY MARKETS NO DEMAND FOR OATS.' Per Press Association. CHRISTCHURCH, May 29. Tl.e flutt' * in the oat market earlier in the week has subsided. At the moment there are practically no sellers and no buyers. A few sales at 4s 4d to 4s 5d f.o.b.s.i. for A Gartons have been made during the week, and for July to December delivery at 4s 3\<\ to 4s 4d. Ws have beei selling at 4s 2d. The difference between the two grades has diminished to very small proportions, the* explanation of which is that practically the wholi of the Southland Garton crop are A grade, and B’s ave Hot easily mocurable, The local position is that many sellers -..re delivering oats, which are mostly going into store. Values on trucks to farmers are up to 3s 8d for .Vs and 3s 5d for B*s. Algerians 8 re worth 2s 9d to 3s per bushel Consequent on the uncertainty regarding the wheat yield the poultry industry is showing some activity, and fowl wheat is now quoted on a par with milling. Potatoes are back in the pit etrain. the theatrical pit that is. Nominally values are .£3 10s per ton on trucks, but a lew merchants are prepared to give £3 fSs, The Kaikorat, which sailed yesterday from Lyttelton, took 5900 sacks, and this, following on n consignment of about CLOO sacks from Timaru a few days ago, ” ill Kee], the Auckland market supplied for ten days or a fortnight. The next vissel is due to leave later next week. ,n addition to Sydney inquiries, Melbourne has also been asking about potatoes. Tn the meantime growers here are -howina no disposition to sell. } Perennial ryegrass has firmed up. and ; southern merchant* have withdrawn their 5s Od offers. They are now qllll- - f'S 9d with no buyers The Italian ryegrass crop is an ehu-dant one. and 4= 9d for uiaehine di-e-sp-l is „ uof . ed or on to 3s on trucks Fed clover is inclined tr be firmer, and there have been sales at up to 9)d per lb to farmers.

White clover is unaltered at Is to Is 3d on trucks. There'lids, been an undercurrent of inquiry fdr cqcksfoot for June-Juiy delivery, and lid per lb for machine dressed has been quoted, and per August uelivered at llsd- . HIDES ANILTALLOW WELLINGTON SALE GOOD COMPETITION. The fortnightly sale of sheepsxins, hides and tallow rtvas held yesterday afternoon, when a medium sized catalogue of all grades was submitted to a full attendance of exporters, fellmongers, tanners, and the local trade. Sheepskins —As compared with last sale's rates, ily and salties were slightly better, report Dalgetv and Co. Hides—There was a fair demand for all specially prepared parcels, and prices for heavies, medium, and lightweights were about on a par with late rates; kip and yearlings sold in buyers favour, —bile calf showed a slight improvement. Out, slippy, nnd inferior lots were again difficult of .ale. Tallow—Good competition ruled throughout the sale; prices for good mixed lots being better by 10s to £1 per ton. 'The following is the range of prices ■ — Sheepskins—Halfbred, 9d to 12-Jd; fine : crossbred, 10)<1 to 12fd; medium to coarse crossbred, 9d to lOJd; short half wools, id to 10id; lambs, Bid to 12Jd; dead and damaged crossbred. Oil to 9M [ inferior and badly damaged, 2d to 7j3; pelts, 5d to 9d; damp, salted, and green, 4s 6d to 11s; pelts, salted, 2b Gd; lambs, salted.' 4s to 6s Bd. Rules—Ox. heavy, 701 b and over. Eld lo 9Jd; 59 to 691 b, B*d to Bid; 53 to 581 b, 51 to Bid; 45 to 521 b, s(d to Old; cut, slippy, and inferior. 3(d to 8il: cow. ) cavy. 531 b tni over. EJd to 7Jd; cow. medium. 45 to 521 b, 5Sd to 6)d;< cow. light, 33 to 441 b, s)d to 61d :■ cut, slippy, ana interior. Sid to 5Jd; bull, stag, oil (o 4d; yearlings, 11 to 161 b. 6d to "id ; yearlings, 17 to 321 b, 5Jd to 71d; calf, superior. up to 3C3b. 14)d; calf, medium to good, up to 101 b, BSd to 13(il; calf, damaged. up to 101 b, 3)d to 12il. Tallow—ln casks, 26s to 355; in tins, etc.. 19s to 34s 6d. Horsehair, 17jd to 18d. The next sheepskin, hide, and tallow sale will be held on June 12th, the next rabbitskin sale on June 25th, and the first opossum skin sale at the end of August.

STOCK SALES FULL YARDING AT FEILDING LAMES IN KEEN DEMAND. Per Press Association FEILDING, May 29. At the Feilding stock sale + o-day there was a full yarding both of fat and store sheep, oidding spirited throughout, and prices advanced on last sale. A few lines of good ewe and wether lambs were in keen demand, buyers being in evidence from all parts of the district. There was a small yarding of cattle, consisting of dairy stock, fat cows and heifers. There was the usual yarding of cull cows. Fat cattle showed a slight advance on last sale. Cull cows with any condition were keenly competed for. Fat lambs.—These realised 26? 9d, 275, 28s 3d, 28s 6d. SCs, 31s and 36s Id; fat ewes, 225, 26s lOd, 28s, 28s 10d, 30s, 31s 6ri 34s 6d; wethers, 37s 3d, 38s 7d, 40s and 465; b.f. lambs, medium 13s, 19s and 22s 2d; w.f. ewe lambs. 23s 3d, 23s 6d and 28s 6d; ditto wethers, 21s Id, 25s 3d ami 275; ditto mixed, 15s 2d and 19s; ewes, r.w. Southdown rams, 245, 24s sd, 25s 4d. 27s Id, 50s, 35s 4d and 35s 6d; ditto r.w. Romney rams, 25s 6d (four-tooths passed at 38s 6dl; forward ew*es, 16s, 19s. 21s and 255; wethers, 365. Best dairy cows made ut> to J£6; medium, JC3 to X 5; Jersey r.w. bull, £h 2s 6d; fat. Hereford maiden heifers, .£$ 13s; best fat cows, £i 4u to AM 15s, lighter sorts ,£2 10s to «£3 15s: fat steers, .£8 Gs; fair condition cows. .£3 to £3 12s Gd; good Jersey weaner heifers, £3 10s. DALGETY AND COMPANY. Dalgety mid Co., Ltd., Palmerston North, report having a fair entry of stock at their Hunterville,>ale on Tuesday. the 26tl\ instant, which sold as below Two-tootb wethers, 29s to 32s 6d: m.a ewes r.w. Romney rams, 20s 8d; 4

and 5-year ewes r,\v. Romney; rams, 21s tid; m.s. Romney lambs, 225; m.s. Romney lambs, small, 17s 6d; rams, 15s; old cows, 16s to 20s; forward cow£,J&3 ,bs. SMALL YARDING AT &SVINV

Abraham and Williams, Ltd., report tlpit-there was a .very small yarding of stock at the Levin weekly sale yesterday, sheep being totally absent. Prices were, getu.ially, maintained at late rates. In cattle, an exceptionally fine line oi twenty-three springing Jersey - cross neifers realised ss. these being the only quality heifers offered. Other lines r.w.b. made £3 12s to J 24. The yarding of pigs was practically confined to -porkers, small stores and weaners not coming forward in any DiimDe-'. Prices were as follow:—■> * Pigs—Small weaners, 10s, siores, 2is; porkers, 26s to 355; heavy to Al2. Cattle—Fat cows, «£3 15s to ; £3 3s; light fat heifers, <£4; forward cows, £3 Ids to «L 3; fdore cows, 25s to! *£2; good Jersey-cross springing heifers* £3 los; 'heifers r.w.b., £3 12s to X 4; weaner heifers, 23s to 295; dairy cows, £2 15s to JCS 2s 6d ; bulls, £2 10s to £5 ss. CUSTOMS REVENUE. The Customs revenue received at the yesterday aggregated ,8 George Nathan am* Co., Customhouse quay. Wellington, Chief City Agents for Pboeniy Assurance Co , Ltd., 235 Lambtou quay— Advt.

activity in the bank section Buyers. Sellers. £ 8. d. £ s. d .Loans— Inscribed Stock <1938) 96 17 6 97 2 6 Inscribed Stock (1933) 101 0 0 101 7 6 5$ per cent. Inscribed Stock (1927) 5} per cent Inscribed 98 5 0 Stock (1941; 4$ per tent. Inscribed 98 5 0 97 0 0 War Bonds (1933) 101 0 0 P.O Inscribed Stock (1929) Debentures— 97 17 6 — Wellington Gas — 104 10 0 Glaxo .. 85 10 0 N.Z. Breweries (bonds) 1 1 11 1 2 0 Banks— Australasia Commercial of Aus. — 14 7 6 v (°rd.) National of N.Z. 1 9 9 1 10 3 (rights) 1 6 5 1 6 8 New South Wales ... — +41 10 0 Nfew Zealand 2 17 0 Union of Australia ... — 14 16 0 Financial— Abraham & Williams (ord.) 4 3 0 Equitable Buildin* ... 9 0 0 9 7 6 National Mortgage ... N.Z. Guarantee Corp. “ 3 18 0 (ord.) — 0 9 8 Wn. Invest. T. and A. 0 9 10 Wn. Trust Loan Wright, Stephenson 5 19 0 6 4 0 (pref.) Gas— +0 16 6 — Christchurch 7 12 6 7 15 0 Wellington (ord.) 13 2 0 13 6 6 InsuranceNational 3 11 0 3 11 9 Meat Preserving— N.Z. Refrig. (1,0s) 0 9 0 Gear Wn Meat Export (.£3 2 5 0 12s 6d> Transport— — 1 17 6 Adelaide Steam 1 1 3 Huddart-Parker • (ord.) 2 4 6 2 5 0 Union Steam (pref.) ... 0 19 9 Coal— Waipa 1 3 3 Timber— Kauri *1 13 0 1 2 Q National •1 4 3 Bartholomew i i 3 — Miscellaneous— . British Tobacco (Aust.) (ord.) 2 3 3 __ Burns. Philp and Co. ' 1 75 s Colonial Sugar SO 10 0 D.I.C. (ord.) JO 4 9 — D.I.C. (pref.) 1 0 6 Howard Smith 1 14 6 1 15 3 N.Z. Drug . 3' 6 6 N.Z. Paper Mills — tl 1 0 Smith & Smith (pref.) 0 19 0 W.F.C.S. (pref.) Wilson's Cement *1 ii 6 . 0 17 6 Mining— Mt. Lyell n i 7 _ Waihi 1 6 6 _ •Cum div. +Ex div. JPrem.