THE WORLD OF COMMERCE

New Zealand Times, Volume LIII, Issue 12527, 17 August 1926, Page 8

THE WORLD OF COMMERCE

WELLINGTON STOCK EXCHANGE YESTERDAY’S QUOTATIONS. <3.15 p.m. Call.) Yesterday’s closing quotations for premituns of investment and mining stock, as advised by the Wellington Stock Exchange, ar© as follow :

♦Cum div„ Sale reported.—Bank of New Zealand, £3 Is 9d. SALES IN OTHER CENTRES Per Press Association. AUCKLAND, August 16. Sales on ’Change.—Kawarau, 6s 4d; Grand Junction, 2s Id; St, Alburnia, 4s lid. Sales; Auckland Gas (contrib.), 12s; Wilson’s Cement, 34s 3d; Alburnia, 4s 4d; Kawarau, 6s 4d, 6s 3d; Ohinemuri, 7s 10d; Waihi Grand Junction, 2s. CHRISTCHURCH, August 16. Sale reported.—Waihi, 19s Bd. Sales on ’Change.—Commercial Bank of Australia, 31s 6d (two parcels); National Bank of New Zealand, 16s. DUNEDIN, August 16. Sale: National Insurance, J£4>. MOUNT LYELL MINING CO. WORK IN OPERATION. Following i 8 the progress Teport for the fortnight ended August 4th, 1926: — Mount Lyell Mine. —Tons extracted, 367. North Mount Lyell Mine.—Tons extracted, 4771. At the 850 ft level, north, drive deviation to 157 ft through chloritio schist. Reduction Works.—The furnace -was not in blast during period; 5282 tons blister copper consigned to refinery for the current year. Concentrator.—The bill operated 303 hours and treated 4384 tons of ore, producing 355 tons of jig concentrates, 166 tons of table concentrates, and 856 tons of flotation concentrates. ELECTROLYTICmTcoToF AUSTRALIA PRODUCTION STATEMENT. Following is the production statement for four weeks ended June 30th, 1926, with the four weeks ended July 28th, 1926, in parentheses:— Zinc. —Tons 3647 (3670); of which used at the works, 125 (125). Silver, lead product for shipment to Port Pirie for realisation—lead, 750 tons (700); silver, 87,000 ounces (83,000). *

West Coast Department. Rosebery mine*. Diamond drilling is proceeding. Two deep bores, 1000 ft apart, have respectively located average grade ore 200 feet and 350 feet vertically below the present lowest workings. Two drills are now at work, one to test the lode at still greater depth, and the other to explore the northern extension of the lode. DAIRY PRODUCE TUB LONDON MARKET. Messrs Joseph Nathan and Co., Ltd., have received the following cable from their London house, dated August 13th:— “New Zealand butter, 1745, quietly steady; New Zealand cheese market slightly weaker.” PRODUCERS* CO-OP. MARKETING ASSOCIATION The New Zealand Producers’ Co-opera-tive Marketing Association, Ltd. (per Mr G. S. Davidson), forwards copy of weekly cabled market report, dated London. August 13th:— “Butter.—Market quietly steady. New Zealand, salted 174 s to 1765, seconds 160 s to 1625; unsalted, 174 sto 1765; Australian. 166 s to 170 s; Canadian, 166 s to 170 s; Argentine. 146 s to 160 s; Irish, 164 s to 170 s; Danish, 177 s to 180 s; Dutch, 164 s to 168 s; French, 156 s to 1625; Dsthonian, 160 s to 1665; Latvian, 156 s to 16Cs; Siberian, 138 s to 1465. “Cheese—Market slow. New Zealand, white 88s to 00s. coloured 84s to 86s; Canadian, white 88s to 90s; coloured 86s to 88s. LONDON PRODUCE MARKETS BANK OF NEW ZEALAND CABLEGRAM. The Bank of New Zealand (produce department) has received the following advice from ite London office, under date 13th instant:— “Butter—Steady. 172 s to 174 s per cwt. “Cheese—Quiet. "White 87s to 99s per cwt; coloured 8-ts to 86® per cwt. “Frozen meat.—There does not appoav any prospect of an improvement «u prices for wethers yet. Ewes are quid; and unchanged. Lamb will probably mnin steady at quotations. The lref market, is quiet but firm, with supplies sufficient to meet demand. Wethers, light s}d tn per lb. heavy 43d to 51d; ewes. 3}d to 4?d: lambs, 2’s 8d to 9d, B’s 7Jd to 4\s 7}d to Rd, seconds 7J-d to BJd ; ox hinds 5d to sid, ox fores 3Jd to 3:]d ; hinds 4Jd to cow fores 2jd to 3d.’’ CUSTOMS REVENUE The Customs revenue collected at the port of Wellington for August 16th •amounted to *C3499.

£ a d. £ 8. d. Government Loans— Inscribed Stock (1930) 96 15 0 Inscribed Stock (1938) — 96 15 0 Inscribed Stock (1933) — 99 12 6 War Bonds (1941) — 96 15 0 War Bonds (1933) 99 10 0 P.O. Inscribed Stock (1927) 98 15 0 _ P.O. Bonds (1927) 98 15 0 — .Debentures— Onakaka Iron and Steel, 8 p.c 190 0 0 Gisborne Gas — 103 0 0 Banks— Australasia 14 2 6 14 7 6 National of N.Z 6 15 9 6 16 0 New South Wales 45 0 0 New Zealand 3 1 6 Union of Australia ... 15 0 0 15 1 6 Financial— Abraham & Williams (old.) 3 18 6 _ Goldsbrough Mort ...... 2 8 0 — Equitable Building ... 9 0 0 — N.Z. Guarantee Corn. (ord., 8s) 0 9 9 Wn. Invest. T. and A. 0 10 3 Wn. Trust Loan 6 6 0 —. W. Dep. and Mort..... 0 9 6 — Christchurch (ord.) 1 4 3 Wellington (ord.) 1 6 6 — Wellington (pref.) ...... 0 16 0 — Insurance— National — 3 19 0 Meat Preserving— N.Z. Re f r igerating <JB1) - 0 15 0 — N.Z. B e f r ig e rating (19s) — 0 6 10 Transport— Huddart-Parker (ord.) 2 8 6 Woollen—Wellington (pref.) *6 10 0 — Coal— 1 15 9 — Westport * Stockton (pref.) — 0 4 0 Waipa *. 0 13 6 , k — Timber— Leyland O'Brien 2 3 6 — National — 9 17 6 Breweries— Crown 0 19 0 Manning and Co. 1 19 0 — Staples and Co. Miscellaneous— “ 1 18 0 Brit. Tobacco (Aust.) 2 10 9 toBurns, Philp and Co. — 1 17 9 Electrolytic Z i n e (pref.) Howard Smith *1 16 1 12 3 3 N.Z. Milk Products 1 13 2 — Wairarapa Par mers (pref.) 0 16 6 0 17 3 Mining — Kawarau .... 0 6 8 —