COMMERCE AND MINING

New Zealand Times, Volume XXXVII, Issue 8342, 31 January 1913, Page 4

COMMERCE AND MINING

WT3LLINQTON STOCK EXCHANGE, VESTEEDAT'S QUOTATIONS. MINING. Kura, ll ui Caledonian—lL3o a.m.. b 9d. Murray Creek (old>—ll.3o a.m„ s 4a 9d (pa-emi. Murray Creek (new)—ll.3o a.m., s 6a (preui,). New Sylvia—ll.3o ajn., b lOd, s Is Id. Eosa Eeoonstructcd—ll.so a.m,. b 4s lOd, a 5s 2d; 3.15, b 4s lOd, s 5s 2d. 'Talisman Consolidated —11.30 a.m., b £1 18s Sd. s £1 18s 9(1, sales £1 18s 6d (reported); 3.15, b £1 18a 6d, s £1 19a. sales £1 18s fid (reported). Waihi—ll.3o a.m., b £1 12s fid, s £1 Us fid; 3.15, b £1 Us, a £1 13s fid. Waihi Grand Junction —11.30 a.m., b £1 Is 9d, s £1 2s 3d; 3.15. b £1 2s, a £1 2s fid. Waitangi Consolidated N.L. —11.30 a.m., b Td, s 9d. Note. —The letter "b" signifies buyers and "s” sellers.

INVESTMENT STOCKS. Buyers. Sellers. Sales £ s. d £ a. d. £ s. d-

•Ecported.

QUOTATIONS ELSEWHERE.

AUCKLAND, January 30. Sales at this morning's call on the Stock Exchange: Talisman, 395, 38s 9d. Waihi, 32s 6d. 335. Grand Junction, 225. Auckland Gas, 635. Afternoon call: Erearner's Freehold, 2d. Talisman Consolidated, 38s 9d. Waihi, 335. Auckland Gas (old), 65s 9d. Auckland Gas (new), 68s 6d. CHEXSTCHUECH, January 30. Stock Exchange sale reported : New Zealand Paper Mills, 295. DUNEDIN, January 30. Stock Exchange sales reported: Union Steam Ship Co., 46s 6d. Waihi Grand Junction, 225.

E. W. B. Hornahrook, 133. Feathermon etroet, Wellington, member Stock Exchange Specialising in Mining Scrip. Trustworthy Correspondence from ail Mining Centres. Telegraphic address: "Hornahrook, Wet LONDON WOOL SALES By Telegraph—Prcaa Association—Copyright LONDON, January 29. The wool sales ‘ hare closed. There -was brisk bidding, at the highest prices of the series. (Received January 30, IL2O p.rq.) ' SYDNEY, January 30. .At the wool sales this week the market increased in firmness, and prices were the highest of the season. Greasy

14Jd, scoured 23Jd. There will bo no sales next week.

LOCAL ADVICES HIGH COMMISSIONER'S REPORT. The Department of Agriculture yesterday received tho following cabled advice from tho High Commissioner in London: “The market closed very strong at best prices in the series. Americana are buying freely. Prospects are favourable. Tho demand exceeds the supply. One thousand bales of New Zealand wool are held over. Estimated values:—Super merino Is IJd to Is 35d per lb, medium lid to Is Id, inferior 9d to l<Hd, fine crossbreds Is Id to Is 3J-d, medium lid to is lid, coarse 91 d to 1« Id." PRIVATE RETORTS. The following cables were received yesterday from London by firms interested in the sales:

The Bank of New Zealand: '"The sales have closed Arm, and withdrawals are practically nil. Prospects for ail wools next series are favourable. Current prices for South Island farmers’ lots, in average condition;—Coarse crossbreds, 36-40’s quality, lOld to lid per lb; medium crossbreds, 444 G’s quality, lljd to 12Jd; fall- ’crossbreds, 'so’s quality, 13d to lid. Current prices for South Island fanners’ lots (Canterbury style), in average Condition-Inferior merinos (com), eu-dl’s quality, Ud to Hid per lb; superior inerinos (super), SO-61's quality, 141 dto 15k]; half or quarterbred merinos, 56’« quality, 13|d to 14-ld.” Murray, Roberts and Co., Ltd.: “Sales have closed firm, 5000 bales being held over. Compared with last London closing rates, greasy merino,-good, advanced 6 per cent, j crossbred greasy, fine, advanced 5 per cent.; all other descriptions of wool, closing rates fully maintained.” The New Zealand Loan and Mercantile Agency Co., Ltd.: “The wool sales (closed strong with, good competition: 130.000 bales of wool were sold, of which 43.000 were taken for tho Continent and 8000 for America; 5000 were held oyer. As . compared with last sale’s closing rates, prices are higher by about par to 5 per cent, for crossbred lambs, scoured merino super, and medium gre::*y crossbred; higher by about 5 per cent, for merino inferior, greasy merino; super, scoured merino, medium, and fine greasy crossbred; higher by about 5 per cent, to TS per cent, for greasy merino, medium, and lambs. Prices are about tho same for crossbred scoured, coarse greasy crossbred, and crossbred stipe. Abraham and Williams. Ltd.; ‘‘The sales closed to a good attendance of buyers, with the market very firm. Prices, as compared with tho closing rates of last sale, are 5 per cent, higher for fine crossbred and merino, but are unchanged for medium and coarse crossbred." Levin and Co.: “The wool sales closed very firm at the best point of the senes.’’

Dalgety and Co., Ltd.; "Sales have closed firm and active, with brisk competition as compared with closing rates Of last series: Scoured merino medium sorts, good quality and condition, 5 per cent higher, and inferior unchangedGreasy merino, medium to good, 5 to 7i per cent, higher. Inferior unchanged. Fine crossbred wools are sto per cent, higher. Medium crossbreds, suitable for America, 5 to 7J per cent, higher, and ordinary medium crossbreds 5 per cent, higher. Coarse crossbreds unchanged. Sliped crossbreds unchanged. The total nett quantity available for sale amounted to 135.000 bales. There were sold 9000 hales, for America, sold for Home consumption 78.000 bales, sold to the Continent 33,000 bales, and carried forward 5000 hales.”

COMMERCIAL CABLES

LONDON, January 29, PEXCB OF METALS.

Copper.—On the spot, £1 17s 6d lower at £6B 12s 6d per ton; at three months, £1 17s 6d at .£69; electrolytic, same as last quotation, X 75 10s. Tin.—Forward delivery. .£224 per ton. Lead.—£l6 15s per ton. TALLOW.

At .the .tallow sales 564 casks were offered and 585 sold. Prices are unchang-

The New Zealand Loan and Mercantile Agency Co., Ltd., have received the following cablegram from their London house, under date 29th inst.: Tallow—We quote present spot values for the following descriptions: Good mutton. S9s 6d per cwt; good beef, 35s 3d; mixed, 33s 6d. The market is active. Wheat — We have sold at 37s 71d net an Australian cargo. The market is quiet but steady, owing to increased supplies, and the o'utlook for Argentine market pros-

poets is uncertain. Oats—Wo quotlt Gartens 255. Tho market is fair.

AUSTRALIAN PRODUOI MARKETS

By Telegraph—Proas Association—Copyright

(Received January 30, 9.35 p.m.) SYDNEY, January 30.

Wheat, 3s fid to 3s 6Jdj flour, £8 10s j bran, XI 15s; pollard, X 5; oats, Tasmanian sparrowhills 3s 5d to 3s Cd; New Zealand, Algerian, 2s lid to 3s; gunite,, 3s fid to 3s ?d; maize, 4s 7d to 4s 9dj potatoes, local £i, Tasmanian X 7; onions. Globes, £5 15s; butter, selected 98s, prime; 90s to 925; cheese, 6Jd; bacon, 7id to Bd. ADELAIDE, January 30. Wheat, 3s s|d to 3s fid; flour, £8 12s fid; bran and pollard. Is 2d; oats, 2s tv 2s 2d. HIDES FIRMER. (Received January 30, -10.20 p.m.) MELBOURNE. January 30. At tho hide sales there are moderate supplies and prices are a little liriner tor all classes. LIVE STOCK SALES AUCTIONEERS' REPORTS. Abraham and Williams, Ltd. At Palmerston North yesterday therewas a small yarding of sheep and cuttle. We quote: Woolly Jambs 9s lOd, four, six and full-mouth ewes 13a, forward cows £i 10s. springing cows X 5, springing heifers X> 5s to £o 10s, bulls £~J X7s to £3. Dalgety and Co., Ltd. At Palmerston North yesterday there was a medium yarding of sheep uu<i cattle. Quotations: Medium shorn lambs 7s Id to Vs fid, good 8s 3d to 9a Id, wcaners small 15s, weaner steers 25s fid, weaner heifers £2. In our report of tho clearing sale of tlio Brinscombo dairy stock at Wainui-o-mata tho name of the auctioneers. Messr* Dalgety and Co., Ltd., was inadvertently omitted yesterday. RAM FAIR AT FEILDING Entries for the first annual West Coast! ram fair to bo held in i'eilding on the. two days following the A. and P. show, viz., February Gth and 7th, total over 1700, and are drawn from the host breeders in the Dominion. Romneys, Southdowns, Lincolns and Loiceslers arm all well represented, and with the annual stud salo of the Romney Marsh breeders, ulhioh is hold on the first day of the fair, intending purchasers will have a selection of high class rams before them, which should satisfy the most fastidiousNEW COMPANIES The “Mercantile Gazette” mentions the registration of the following new companies:

Patent Glass Bevelling Machine Co.. Ltd. Capital—£4ooo, into SOO shares of £5 each. Subscriber&r-Christchurch : A. G. Williams, 12; F. C. Williams, 9; W. C. Page, 6; W. Prudhoe, 6; T. L. liana, G; F. Oxford, G; XL J. L. Williams, 9, Objects—To acquire from Harold Gladstone Bradley, of Christchurch, glass merchant, the benefit of a certain existing invention in relation to glass bevelling, etc.

Star of the East Gold Mining Co. Capital—£3G,ooo, into 36,000 shares of £1 each. Subscribers—W. A. D'Arcy. 1; T. R. Bond, 1; E. J- Dos, 1; A. G. Anderson, 1. Objects—To prospect or mine for gold or any other precious metal, mineral, etc. Poultry, Pigeon, Canary, and Cage Bird Championship Association of Now Zealand, Ltd. Capital—£soo, into 500 shares of £1 each.—Subscribers—Wellington : G. Finn,- E. Gailichan, J. Goer, W. H. Foglia, E. C. Copp, H. E. Airth. J. Eider, W. H. Madeley, J. Currie, all 10 shares each. Object*—To establish, regulate, and govern championships in New Zealand, and to create a standard for the guidance_ of poultry, pigeon, canary. and cage bird fanciers, etc. WELLINGTON CUSTOMS , The Customs revenue collected at Wellington yesterday totalled £2006.

BANKS — National of N.Z., Ltd. ... ... 6 1 6 6 3 0 6 2 0* New Zealand ... 11 5 0 — — Financial— N.Z. Loan and Mercantile, 10s ... 0 9 0 N.Z. Loan and Mercantile, 20fl _ 0 18 8 — N.Z. and R. Plat© Land, Ltd. — 2 1 0 — Wed’n. Invest T.A. Co.. Ltd, 0 11 6 — Wellington Trust Loan, Ltd. _ 7 8 0 - GAS— j Fellding 1 0 3 Nap tor 20 0 0 Wellington, prof. 1 0 3 INSURANCE— National of New Zealand 2 2 6 New Zealand ... 4 16 0 — — South British of N.Z — 3 14 0 - Kbat preserving— Wel'n Meat Export, £4 ... — 4 19 0 Wel’n Meat Export, • £2 12a 6d - 2 17 0 - SHIPPING— Union Steamship 2 e 0 2 7 0 — Manufacturing— Kaiapdi Woollen, ptelercnco Wellington Wool’n, ordinary 4 15 6 3 16 3 5 4 0* Wellington Wool'n, *i>relercnce - 2 17 3 - COAL— Westport 1 7 0 - - MISCELLANEOUS— Golden Bay Cota out Co. ... 1 0 6 N.Z. Drug Go.. Ltd., £2 — 2 10 0 - Hliarland and Oo„ l.td.v ordinary — 1 1 a _ W.P.D.A.. £5 ... — 7 5 0