MINING NEWS

Dominion, Volume 8, Issue 2564, 11 September 1915, Page 8

MINING NEWS

' ' WELLINGTON SHAKE MARKET. • There were ■no transactions in tlie min-: ing maiket.. yc-sterday.... The , quotations • were.ae'follow:— ' "■ Buyers. Sellers., £ s. d. £ s. & . TiTurray-Greek (old).- 113 0 . 2';o 0 Murray's Freehold \ - 1-.3 0 Talisman JjJ J JsJf 9 Wfflihi - ..; '«» 114 9 1,15 3 Grand Junction 110 .— n r aitangi . -J 0- » , 7 Dominion'. Developing ..... 1.2 u . — j: . ' STOCK ESCEASQE. ' ; : (By Telegraph.—Press Association.* Auckland, September. 10. ■ Sales: ..TaUsm'an,...'lßs,;' 17s. 9d. ; ..Waihi, |'355.j Grand Jpnfitton: -2te, .3d,. '!.: •' ''f ChrlstchurcH,'September v io. ' Sales: Mutual Benefit (Canterbury), - £11 6e.; Permanent Investment, £9 2s. 6d. (two parcels). DUnadln, September.-10. The following'sales were reported on the Stock Exchange to-day :—'Union dina-ry, £1 2a. 3d- .(two parcels): .Butokwater Mines, 16s. 6d. BLACKWATER SOUTH;. , 1 Recfton, September 10. Tlie manager' :o£ r tlio Elackwater South advises: "Exposed-reef 011 the western side of' the JS-ivef- it .looks' well. Cutting into it to-day." - ; , • ' . A MINING COMBINE. By Telegraph—Press Association—CopyrljM ; Melbourne, September 10. . The boards of the . Hcrculee, Primrose, and Tasmania® Copper ■■ Companies have deaid©d to: recommend tho sliarchoklers to. amalgamate with the Mount Lyell Company or form: a separafe' company.

BANK OF ENGLAND RETURN. (By Telegraph.—-Press Assn.—Copyright.) London, September 9. Tho Bank of England 'return issued for tlho week ended Wednesday, September 8j is as under i—' Issue Depabtjiext. Note Issuo f85,108,000 Gov. debt ... £11,015,000 Oilier sccuri--1 - ties 7,434,000 Gold 66,749,000 £85,198,000 . £65,193.000 Banking Department. Proprietors' G°y. securicapital £14,553,000 ties £34,418,000 Public do- Other socuriposits ... 120,586,000 . ties 145,230,000 Other doposits ... 85,042,000 hotes 53,407,000 Best, 7-day and other ■ . bills , ... 3,703,000 Coin . 731.000 £233.786,000 £233,786,000 The leading items of the Bank of England return afford tie following comparison:— This week Last week Lastyear ££ £ . Bullion ... »■ 66,749.000 67,466,000 46.779,000 Roservd - 54.138,000 54.558,000 - 30,737,000 Noto Circulation 31.791,000 32,325,000 35,222,000 Public Deposits 1-29,588 000 137.035.CC0 24,406.000 Other Deposits 8-3,942.000 . 87,92-2,000 130,704.000 Proportion of reserve to liabilities- 25.12 .24.15, . 19.81 GOVEENMENT SECURITIES. ' The following are.tho latest quotations for Colonial Government securities in comparison with those ruling last week:—

• MONEY MARKET. ' The Bank of England discount , rate was on January 2. 1914,- reduced from 5 to. 4J per cent., on January 22 it-wois reduced to 4 per cent., and. on. January 28 3 per cent. On, July 30 th-e rate was- raised to 4 per cent., and on January '28 o per cent:, ajid on August 1 it was further odivancod to .10 per cent.: On August 6 the. rate was reduoed to 6 per cent.,'on August 7 it waß fur-; ther iednccd>to S-'per-cenW at which rate it now stands.' -. .. v r. ■ The Bank of France'rate is-5 per,,cent,,aa against .4 per cent.'last .year. : I OPEN MARKET - BATES Tho open market'discount Tate for threa months' bills is 43 to 45 per ccnt., aa compared. with 43 per cent. ■ last week and 31 per cent. last.year. - *',' .'--- Short loans are Quoted at 4 3-8 per cent., as against 45 per cent, last week .and 2J per cent.' last year. . . COLONIAL AND OTHER PEODtICIJ. Wheat—The wheat market is quietFlour is in -. short eupply, with prices steady. ■ Oato.—Market inactive. Bajua. Blanca, e-float, 24s'. 9d„ New Zealand 365.-to 375. Peas.—Quiet. New Zealand maplos, 625. to 655. ' ' Beans—Steady, with market unchanged. Sueai'.—Market .firm and prices unchang-. ed.'

Butiter.—Market vary firm. Cheese—Market - steady, with unchanged prices. . • ■ Bradford Tops.—The market is cheerful, with moro inquiry for. oroesbreds. The quotations' are: Sixty-fours, 41d;; super sixties; 40d.;-common sixties, 39d.j. fiftysixes, 33? d-: fiftdos, 30d.: forty-sixes, 26} d.: forties, 24id. •. ■ ...... .' METAL MARKETS.' , Capper.—On the spot, £67 to £67 6a.; three months, £68 to. £68 Es. Pig-iron, 645. lOd. per ton. Silver.—Bar silver is quoted at 23 ,11-16 d. per auinco standard. . LONDON WOOL SALES. By Teleiraph—Press Association—Oopyright " London, September 9. At . the wool sales there wa-s good sale for all' qualities at ■ firm prices. • The following prices .were realised for. the . fleece portions of the clips named: "Yfljllalong," top . price 15di,' avoirage 14Jd, New Zealaid: "Waihop"ai,"- ; 26id.' and 22), d.; "Weka," 17id. and 16Jd.; "Macwu,"- 17Jd.' and ISJd. - - BRISBANE WOOL. SALES;, . Brisbane, September ; 10.! Fo'r' the close 'of the September series of wool sales, 15,091 bales were offered. Italy and Japan bought ! . heavily. Prices for greasy were 163 a. and for scoured 27jd. Compared with the-July sales, good shafty. greasy was at par, medium and short g.rea6y 7J per cent, lower, and good 6Cour-. Ed 10 per cent, lower. • ' AMERICAN WHEAT CROP. London, September 9., Wheat.—The American visiblo supplies total 14,072,000 bushels. Washington, September 9. The' : Asricultui'al Depaa-tmant estimates tho wheat srop at 981 million bushels. BANK OF AUSTRALASIA. London, September 9. The Bank of Australasia has doclarcd a dLvidend o£ 14 per ccnt. and a bonus of. 12s. per. share. Thero has been placed to' reserve £40,000 and carried forward £113,353. . ; .

t ' ' Variation . s»ock •.-w. -x 011 ' • ■:' ■ Inst week. £.s;d. 2J% Imporial Consols CG 0 0 7id lower 4 , U.S.'W.1933Jan.-July '.85 17 ' 6. . 17/6 higher 31 „N.S.\V.19S0-50Mr.-Sp 94 3 9 Unchanged' 36 ;,N-S-W- Early Ouri: ' 83 "D 0 2/6 lower ■ 3 N.B.W.19Q5Apl.-Oct 78 0 .0 Unchanged 4 ..Vie. 1920Jan.-July 85 . 6 0. ..(is higher . Sj „Vio. lffil-G Jan.-July 01 S 0 2/6 lower 3 „'Vic.l929-49Jan.-July ' 76 5 0 Unchanged 34 „S,A. 1916 Jan.-July . 85 ,.6,-0 Uncliangod 3 S.A. 1916 Jan.-July 70 0 0 Unchangod i • Q'l'dl915-24Jan.-Ju]y 95 2 6 2'6 higher ' 35 QTdl922ri7Jan.-Jnly 91 '5*0 Unchanjnd 3 Q'l'dl92iM7Jan,-July 71 10 0 2/6 lower 4 ,'N.Z. 1929 Hay-Nov. 95 0 0 Unchanged 34 ,.N.Z. lU12-J0Jan.-July 83 12 6 ' 7/6 higher 3 , N.Z. 1920 April-Oct. 7G 0 0 Unchanged 3§ ..W.A.1MG-35 May-Nov 87 10 0 Unchanged 3 „W. A,1915-35 May-Nov 62 2 G Unchanged 35 ,,1'as. 1920Jan.-July 85 0 0 .'Unchanged. 3 „Tas. 1920-10 Jan.-July . 76 , 1 3 . Unchanged