THE WORLD OF COMMERCE

New Zealand Times, Volume LIII, Issue 12431, 27 April 1926, Page 8

THE WORLD OF COMMERCE

WELLINGTON STOCK EXCHANGE YESTERDAY'S QUOTATIONS. (3.15 p.m. Call. 1 ) Yesterday’s closing quotations for premiums of investment and mining stock, aa advised by th© Wellington Stock Exchange, are as follow:

Sales reported: New Zealand Government Loans: 5 p.c. P.O. Bonds (1927), £9B ss; Bank of Australasia, £l4.

SALES IN OTHER CENTRES Per Press Association. AUCKLAND, April 26. Sales on 'Change.—Alburma made very heavy sales at 3s 9d to ss, the last sale at 4s 9d; Taranaki Oil, ils 6d; Union Bank, £ls Is; Kawarau, forward, 7s 4d. Sales.—New Zealand Inscribed Stock 0938) 4£ per cent., £'96 7s 6d; Bank of New, South Wales, <£4s; Auckland Gas (cont.), 8s 6d; Rotoiti Timber, 20s 9d; Kempthorne, Prosser, 68s; Ivempthorne, Prosser (cont.), 395; New Zealand Farmers’ Fertiliser, 100 s; Wilson’s Cement, 35s 3d; New Waiotalii (cont.), lOAcl and llid. CHRISTCHURCH, April 26. Sale reported.—Westport Coal, 36s 3d. Sales on ’Change.—Dalgety and Co. (cum. <l7v\), .£l6 2s 6d (two parcels); Goldsbrough Mort, 48s 6d; New Zealand Guarantee Corporation, 9s Sd. Sales reported.—Goldsbrough Mort, 48s 6d (four parcels); P. and O. Deferred, £235; Westport Coal, 36s 3d; Christchurch, Gas. 245. Sales on ’Change.—Westport Coal, 36s (three parcels). DUNEDIN, April 26. Sales reported.—Westport Coal, 36s 3d; N.Z. Breweries (debentures), 26s 3d. MOUNT LYELL MINING CO. OPERATIONS Tn progress. The following is tho progress report for the fortnight ended April 14th* — Mount Lycll Mine. —No work done during period. North Mount Lyell Mine: Tons extracted 2576. 850 ft level, north drive, to 1694 ft, through chloritic schist; 1000 ft level, footwall drive, to 163 ft, through pyritisod quartzito and schist. Widening of blocks shaft, pilot winze, to full width of shaft extended to 114 ft below the surface. Reduction Works—The furnace was not in blast during the period. 3546 tons of blister copper consigned to the refinery for the current year. Concentrator: The mill operated 239 J hours and treated 3182 tons of ore, producing'4o tons of jig concentrates. 263 tons of table concentrates and 782 tons of flotation concentrates. SHIPMENTS OF LAMB FROM AUSTRALIA. The New Zealand Meat Producers’ Board has just received a cable from its representative in Australia advising that 53,598 carcases of lamb were exported from Australia for tho fortnight ended April 23rd, 1926. MINING RETURN Electrolytic Zinc Company of Australasia: —Following is the production statement for four weeks ended March IfiHi, 1926, and four weeks ended April 7th, 1926, in parentheses:— Zinc—Tons, 3600 (3621), of which used at the works, 125 (125). Silver, lead product for shipment to Port Pirie for realisation —Lead ; *tons, 620 (630); silver, ounces, 99,000 (97,000). CUSTOMS REVENUE The Customs revenue received at the port of Wellington yesterday aggregated £14,995.

MINING SHARES ACTIVITY AT THAMES. (By "Telegraph.—Special to "Times.”) AUCKLAND, April 26. f The market opened very strongly this morning for shares in 1 Alburnia Mine, Thames. Sales started at 4s 6d and were followed at 4s 3d, 4s, 3s 9d, 3s lid and 3s 10d. At the noon call the shares sold from 4s to ss, and then went back to 4s Sd, closing this afternoon at 4s 6d. The cause of the demand is the fact that two parcels of 101 b of picked 6tone have been secured. On Saturday morning the manager telegraphed that be had got the colour of • gold and a later telegram was forwarded that 101 b of picked stone had been secured from the Orlando reef. This .morning another telegram was received: "Obtained further 101 b of picked stone,, some, of which was received in presence of the directors during their visit to the mine.” DAIRY PRODUCE MARKET BUTTER QUIET; CHEESE; SLOW. The New Zealand Producers’ Co-opera-tive Marketing Association forward copy of its weekly cabled market report, dated London, April 23rd.— "Butter—Market very quiet. New Zealand, salted 171 s to l?2s, seconds 162 s to 1665. unsalted 174 sto 1765; Australian, 168 s to 1725; Argentine, 151 s to 160 s; Danish. 178 s; Dutch, 168 s to 1725; Esthonian, 166 s to 16Ss: Siberian, 156 s to 160fi,_ “Cheese—Market slow. New Zealand, white 92s to 935. coloured 92s to 945; Australian, SSs to 935.” Messrs Joseph Nathan and Co., Ltd., have received, the following cablo from their London house, dated April 23rd, 1926:—New Zealand butter, 170 s to 171 s; New Zealand cheese, 925. Cheese market steadier. NEW ZEALAND DAIRY PRODUCE CONTROL BOARD The Dairy Produce lias received from its London office the following market report, dated April. 23rd, 1926: Butter —Market very quiet; New Zealand. *salted. 172 s to 1745; Australian, salted. Kangaroo. 170 s; Argentine, salted, 148 s to 1565; Danish, salted, 180 s, after being down to 176 s Siberian and other Continental butters are now coming to hand. It is estimated there will be considerable increase from Dies© countries duriag the present summer. Cheese—Market very quiet. After being down to 92s market has become more aciivo at 93s to 94s for New Zealand cheese.

WHOLESALE PRODUCE PRICES Laery and Co., Ltd., report wholesale values ns follow —Mixed fowl feed, 7s to 7s 3d per bushel, sacks in.; linseed meal (Moose brand), 16s; linseed nuts (Moos© brand), 14s; linseed, whole, 20s Cd per cwt; moatmenl, for poultry. I3s per cwt; oyster shell grit or pipi shell grit, 5 bag lots 5s 9d, lesser lots Gs per 1001 b bag; oats, machine-dressed seed Algerian 6a fid, farmers*'dressed seed Algerian ss, Duns 5s fid to 6s 6d, Gortons 5s 3d, crushed 5s 6d per hnsliel, sacks in; shelled oats, for chickens, 6s per bushel, sacks in; South African maize, whole 7s fid, crushed 8s; barley, feed 5s fid, seed 6s; partridge peas, 7s 6d; feed peas 7«; Prussian blue peas, 30s 6d bushel, sacks in; wheat, milling, 8s 3d per bushel, sacks in; eggs, first grade new-laid 3s 2d to 3s -id, storekeepers’ 2s 9d to 3s, preserved 2s 8d to 2s 9d; butter, farmers’ separator, bulk. Is 2d to Is 4d, dairy pats Is 3d to Is 6d per lb; turkeys. Is Id to Is 4d per lb*, ducks. Runners Cs to Bs, large Whites 8s to 10s per pair; fowls. White Leghorns 4s 6d to ss, Black Orpingtons and similar heavy varieties. 6s 6d to 8s 6d pair; fungus, 8d to Oil per lb; dressed pork, 60’s to 90’s 7d to Sd per lb; sucking pigs, 7sd tn gpl per lb: sucrosine, £-ton lots £ll 15s per ton; lesser lots £l2 5s per ton; molass meal. £9 10s per ton; Fnrro fond, 5-ton lots £ll per tnp, lesser quantities 11s fid per cwt; Blenheim chaff, prime ton lots £lO 5s per ton, sacks in. medium quality £8 to £8 10s, Australian £ls per ton; rock salt. €s fid per bag; molasses, in casks 40s cask, in cwt cases 8s 6d ease; mutton birds, in casks of 51-0, 6d per bird: bran, 5-ton lots or over. £lB ton; pollard, lots or over, £ll ton; granulated charcoal. 14s Dd per bag; basic slag. £5 15s per ton: potatoes, ton lots £8 Ifis to £9 10s; onions, ton lots £ll to £l4.

Buyer 9. Sellers. £ 6. d. £ B. d. N.Z. Govt. Loans— Inscribed Stock (1939) 96 7 6 — Inscribed Stock (193S) 96 7 6 — War Bonds (1939) 96 7 6 War Bonds (1938) 96 7 6 P.0. Inscribed Stock (1929'! 97 10 0 —. P.C. Inscribed Stock (1927) 98 0 0 98 10 0 P.O. Bonds (1927) 98 0 0 — Debentures — N.Z. Breweries (bonds) 1 6 2 Makerua Drainage ... 97 0 0 — Banks— Australasia — 14 2 0 Commercial of Aust. (ord.) 1 10 9 — New South Wales 44 35 0 New Zealand 3 0 a 3 0 9 Union of Australia... 14 19 6 15 1 0 English, Scottish, and Australian — 7 18 0 Financial— Goldsbrough Mort. ... — 2 8 9 Gas— Wellington (ord.) 1 7 0 — Wellington (pref.) .... 0 16 0 — Insurance— National 3 19 6 4 1 0 Meat Preserving— N.Z. Refrig erating (10s) 0 3 Gear — i 19 0 Transport— Huddart-Parker (ord.) 2 4 0 2 4 8 P. & O. Del’d Stock. - 250 0 i Woollen— Kaiapoi (ord.) 0 11 9 — Wellington (pref.) 6 2 0 — Coal— Westport 1 15 9 Waipa — 0 15 0 Timber — Leyland, O'Brien 2 0 0 2 2 6 National 0 19 6 1 1 0 Breweries— Manning and Co 2 1 0 #2 1 9 Staples and Co 2 0 0 Tui 1 12 6 — Ward and Co — 2 3 0 Miscellaneous— British Tobacco (Australia). ord 2 7 0 Electrolytic Zinc (pref.) — 1 16 0 Howard, Smith — 1 13 6 Taranaki Oil Fields ... 0 30 6 Wairarapa Farmers' - 4 10 0 Wairarapa Farmers (pref.) -r 0 17 0 Wilson's Cement 1 15 3 Mining— Mt. Byell — 1 5 9 Waihi — *1 0 G •Cura div.