COMMERCIAL.

Sun (Christchurch), Volume I, Issue 83, 14 May 1914, Page 8

COMMERCIAL.

LONDON WOOL -SALES.

By Cable. —Press Association.—Copyright. LONDON, May 13.

At the wool sales the following prices were realised for the fleece portions of the New Zealand clips named: —Lakes, top 12d, average lljd; Wharanui, top 13£ d, average llSd; Merciston, top 12id, average Hid; Wairere, top lid, average 10fd; Kau, top 12M, average llfd.

At a meeting of the Colonial Wool Merchants' Association it was decided not to limit the fourth series. (Received May 14, 9.50 a.m.) At the wool sales the Continental demand is slack, American being very dull, owing to the Mexican trouble. WHEAT. The wheat market is easier. The American visible supply is 70,543,000 bushels. MISCELLANEOUS. Silver —2/2g per ounce. Bar gold—77/9. Copper—Spot £63 5/-, three months £63 15/-; electrolytic £65 10/-. Tin—Spot £153 5/-, three months £155 5/-. MOUNT LYELL RETURNS. (Received May 14, 10.20 a.m.) MELBOURNE, May 14. The half-yearly report of the Mount Lyell company to March 31 shows that the net profit was £61,954. The ore reserves at Mount Lyell total tons, and at North Lyell 125,651 tons. It is expected that the Lake Margaret lower scheme will be available at the end of September.

CHRISTCHURCH STOCK EXCHANGE.

MIDDLE PRICES—NOON TO-DAY.

THURSDAY, May 14, 1914

SALES REPORTED.

Westport Coal . .£ 1 10 0 Union Steam Ship (pref.) . t 1 1 0

WELLINGTON STOCK EXCHANGE. , Press Association. WELLINGTON, May 14. Sales: Gisborne Gas Co. £2 2/-, Talisman £1 16/-, Waihi £2 2/-, DUNEDIN STOCK EXCHANGE. DUNEDIN, May 14. Sales: Waihi £2 2/6, Junction £1 6/-. OHINEMURI GOLD AND SILVER MINES. An abridgement of the prospectus of the Ohinemuri Gold and Silver Mines, Limited, is published on page 11 of this issue. It is a convincing sort of document, and the promoters are so thoroughly satisfied with the proposition that they invite investors to visit and inspect the mines for themselves, and obtain the fullest information before putting up their money. Extracts from Mr E. F. Adams's report on "the property are given in the prospectus, and indicate that he has absolute faitli in the payableness of the mines.

Further information can be obtained from Mr David Whyte, of Hastings.

BANKS— s 6. d. National . . . vv 5 12 6 $ew South Wales .« » ft 43 2 6 Australasia . < 123 0 0 New Zealand (£3 6/8 paid)., 11 2 6 New Zealand (fully paid) • •! 16 17 6 Union of Australia, Ltd?. , ,■ 60 17 0 Commercial of Australia, Ltd. 1 9 0 Commercial of Australia (pref.) 7 2 6 BREWERIES— Crown .. 1 16 0 Manning .. .. 3 18 6 Ward .. .« <►») 6 0 0 COAL— Taupiri . tl 0 9 Westport 4 .• .. •: 1 17 0 Westport .. > > »* 1 10. 0 Stockton . 0 3 0 Stockton (non-cum. 8 p.c. pref.) 0 9 0 FINANCIAL— Christchurch Building Society 11 15 0 Dalgety ... .. 7 7 6 Dalgety (non-cum. pref) • •: 10 0 0 Mutual Benefit (Canterbury) 11 5 0 National Mortgage .. . ,• 4 6 6 N.Z. River Plate Land Mort. 2 3 6 Permanent Iavestmt. (Cantby) 9 7 6 GAS— Ashburton (£4 10/- paid) 5 15 0 Ashburton (£2 paid) * * 2 10 0 Auckland ... - 1 10 0 Christchurch . 7 5 : o Gisborne .. .»: 2 2 0 Hokitika .. . < 5 10 0 Napier .. . „ »T 16 0 0 New Plymouth .. 5 0 0 Palmerston North . > < 10 0 0 Timaru 8 0 0 Wellington (£10 paid) ;•.. 16 7' 6 INSURANCE— Farmers' (£5 paid) .. >"•: 5 17 6 Farmers' (£2 10/- paid) ,, 2 17 6 National ... .. > < 2 13 6 New Zealand 6 2 *6 South British..; >«; f *'• 4 7 6 Standard .. .. .• 4^ 1 13 9

MEAT— British-N.Z. .. ;*V 1 0 0 British-N.Z. (15/- paid) « •: 0 15 0 Canterbury »: 9 0 0 Canterbury (pref.) . . 5 5 0 Christchurch (£10 paid) 16 12 6 Christchurch. (£5 paid) 8 0 0 Christchurch (£3 paid) .. 4 15 0 Christchurch' (£2 paid) 3 3 6 Gear (£4 paid) 14 7 6 Gear (£1 paid) .» <: 3 14 0 Wellington (£5 paid) > *'• 6 2 0 Wellington (£4 paid) 5 0 0 Wellington (£2 12/6 paid) m: 3 2 - 6 MISCELLANEOUS— Booth, Macdonald . . 0 18 6 Booth, Macdonald (6 p.c. cum. pref.) . . .. 1 0 0 Bowron Bros.. . ;•, 0 7 6 Colonial Sugar . > •: t45 5 0 D.I.C. (10/- paid) .. .. 0 12 6 D.I.C. (5/- paid) , > < 0 7 0 D.I.C. (pref.) 1 3 0 Cant. Farmers' Co-op., Timara 2 17 6 Cant. Farmers' (pref. re dir. only) . . • «. 5 0 0 Kauri Timber (fully paid) , 1 18 6 Kauri Timber (15/- paid) 0 18 6 Leyland, O'Brien Timber 1 3 0 M'Leod Bros. • •: 14 0 0 Mason Struthers (£1 paid) 1 2 9 Mason, Struthers (14/- paid) 0 15 6 Milburn Lime i.. 1 11 6 N.Z. Drug ,. 2 5 6 Golden Bay Cement .. i, 0 19 C Glenmore Brick . , 0 15 0 N.Z. Farmers' Co-op. .■ 2 6 6 N.Z. Farmers' Co-op (1st pref) 5 5 0 N.Z. Portland Cement . . ,0 12 3 N.Z. Paper Mills i. , 0 16 6 Taranaki (N.Z.) Oil Wells 0 4 6 Trustees, Executors & Agency 3 0 0 Perpetual Trustees . . » . 1 2 6 Simpson and Williams 1 1 0 Simpson & Williams (10/- pd.) 0 10 6 Weeks, Ltd. . . 5 1 0 Whitcombe and Tombs 5 18 0 SHIPPING— New Zealand .. 1G 0 0 New Zealand (pref.) :• •: 10 5 0 Union Steam .. , 1 5 9 Union Steam (pref.) ' 1 1 0 Huddart-Parker i , 1 0 6 Huddart-Parker (pref.) 1 2 0 Northern Steam . 0 15 0 Northern Steam (7/- paid) 0 7 6

WOOLLEN— ; Kaiapoi I 5 5 6 Kaiapoi (prif. re div. only) 5 5 0'. Mosgiel ,. 3 13 o; Oamura . . . . ! :i.. 1 6 3' Oamaru (pref.) .. 1 • 1 6 3 Wellington . . .« : f • 4 3 G Wellington (pref.) .. 3 1 0 MINING — Waihi ... . 2 o 6 Junction .. . >• 1 a 0 Talisman . . . . J 1 16 0 Consolidated Goldfields : i 0 17 6 Blackwater i . 0 19 6 Progress .. . ; 0 13 0 Koss Goldfields . . j _i 0 4 3 Hercules . . .. 'i 0 14 6 Mount Lyell .. i .• 1 5 3 Preference as to only. ' f Ex dividend

"Wellington Gas .. •. V V V. ' 16 7 0 Ross Goldfields . , . .. 5 4 3 National Insurance of N.Z. •• o 13 6 TO-DAY'S QUOTATIONS. Buyers. Sellers. COAL— £ s. d. £ s. d. Westport. .. «, *. 1 .9 9 —-* INSURANCE— 14 National of N.Z. .. — 2 0 New Zealand ., > • G 2 6 —■ SHIPPING— Union Steam Ship ». 1 6 9 — Ditto (pref.) .. — 1 1 6 MISCELLANEOUS— Bowrons' .. .. — 0 7 9 N.Z. Fmrs. Co-op... .— o 6 6 WhitcomLe & Tombs 5 17 G — MINING— Progress »./ . .• . e — 0 13 6 Talisman . . .. •• — 1 16 3