COMMERCE AND MINING

New Zealand Times, Volume XXXVII, Issue 8346, 5 February 1913, Page 4

COMMERCE AND MINING

WELLINGTON STOCK EXCHANGE. YESTERDAY'S QUOTATIONS. MINING. Xuranui Caledonian —11.50 aan., b lOd; 5.15. b 108. Murray Creek (old)—11.30 a.m., s 5s (prein.). Murray Creek (new) —11.30 am., b 6s M (prem); 3.15, b 5s 6d (prem.). New Sylvia—3.ls, s Is Id. Robs Reconstructed—ll.3o a_m., b 5s Id, s 5a sd. Talisman Consolidated—ll.3o a.m., b £1 ISs 3d, s £1 Its 9d; 3.15, b £1 18s 6d, s £1 19s. sales £1 18s 6a (reported). Waflii—ll.3o a-m.. b £1 13s, a £1 13s 6d; 3.15, b £1 13s, s £1 13s 9d. / \V;I iiii Grand Junction—ll,3o a.m., b£l lg 9d, s £1 2s 3d; 3.15, b £1 la 9d, s £1 2s 3d. Waltangi Consolidated N.L.—11.30 a.m.. b 7d. e 9d; 3.15, b 7d, e 9d. Note.—The letter "b” signifies buyers and “s" sellersINVESTMENT STOCKS.

QUOTATIONS ELSEWHERE. Press Association, AUCKLAND, February 4. Sales at this morning’s call on the Stock Exchange: Northern Coal, 11s 6d; Auckland Gas (now), J)3 10?. Afternoon call: Waitangi Consolidated, 7d. Handsworth, Id. New Zealand Crown, Ib. CHRISTCHURCH, February 4. Stock Exchange sales reported: Bank’ of New Zealand, d£ll Ss. ' Waibi, 335. Grand Junction, 225. DUNEDIN, February 4. Stock Exchange sal© reported: Waitangi, 7d. LONDON, February 3. Stock Exchange quotations include: Waihi Goldmining, 32s 6d (buyers), and 33s 9d (sellers). Grand Junction, 21b 9d and 22s 9d. Talisman, 37a 6d and 43s 6d. E. W. B. Hornabrook, 153, Featbeveton street, WeUington, member Stock Exchange Specialising ill Mining Scrip. Trustworthy Correspondence from all Mining Centres. Telegraphic address: "iiornabrook, Wellington. COMMERCIAL CABLES Br Telegraph—Press - Association— Copyright SILVER. LONDON, February 3. Bar silver is quoted at 28 11-16 d per ounce standard. WOOL SALES. * LONDON, February 3. The wool market is steady, with a strong, cheerful tone. Prices are firm. BUILDING SOCIETY TROUBLOUS TIMES PASSED THROUGH. A bar© quorum of shareholders of the Equitable Building and investment Company, of Wellington, Ltd., was present at the thirty-fifth annual meeting which was held at the Chamber of Commerce last night. The chairman of directors, Mr D. Anderson, presided. In moving the adoption of the report and balance-sheet (which have already been published), the chairman mentioned that during the year the board of directors had sustained a severe loss in the death of Mr E. H. Dean. The vacancy had been filled by the appointment of Mx- E. Halcomb© Brown. 'The prevailing dullness and decreased value of city and suburban properties naturally affected an institution such as theirs, but with care they expected to maintain their good record by making few losses- Xt would be noted that -the deposits were somewhat less than the preceding year. This was natural, owing to the tightness ot the money market, but they had had no difficulty in procuring sufficient money for the company’s requirements. The statement of accounts showed a further substantial addition to tbe reserve fund, which must prove satisfactory to shareholders. and ail concerned. He -had much pleasure in stating that the directors were well satisfied with the zeal and care displayed by the secretary, Mr Liddie, and his assistant. Mr Wettenhall, in the fulfilment of their duties. The motion was seconded by Mr H. Beauchamp, and carried without discussion. Messrs G. M. Kebbell, H. Beauchamp, and E. Balcombe Brown, the retiring directors; were re-elected unopposed. In returning thanks for the renewal of confidence in him, Mr Beauchamp remarked that although troublous times were being passed through in Wellington, owing to the decline in the value of suburban land, the directors had mad© perfectly ample provision for any foreclosures it might be necessary to meet. Messrs E. Bucholz and O. S- Watkins were reappointed auditors. FRUIT AND PRODUCE WELLINGTON MARKETS. The continued hot weather is having a particularly good effect upon the fruit trade, as the local market is still maintaining the buoyant level which manifested itself towards the close of last week. Dessert apples are now showing particulax-ly good quality, and at the present time the volume available is not sufficient to meet the demand; peaches of dessert varieties have also undergone a heavy advance, and this is likely to he maintained until later crops are on the market. Nectarines are in fair supply and the same remarks apply to grapes. Plums are gradually diminishing in volume, and rates are likely to advance before long. Greengages are almost finished for the season, and accordingly high rates are being maintained. The wholesale market is now clear of bananas, and farther shipments are not due until llth instant via Auckland, from Rarotonga. The usual weekly shipment of fruit from New South Wales is due to-

day, and' will no doubt comprise principally grapes, pineapples and pears, for wnich a, good demand generally should be faced. Apples, choice dessert 8s to 9s case, prime 6s 6d to 7s Gd; cookers, choice large Is 6d to 5s case, prime 3s to is; grapes, 8d to Is ‘lb; nectarines, choice 4s to 4s 6d half case, prime 3s to 3s 6d; pouches, choice favourites 6s to 7s half case, prime Ss to 5s 6d; peats, choice dessert 7s 6d to 8s case, jirime 5s to 6s, stowing 4s to 5s case: plums, choice dessert ie to 4s 6d half case, prime 3s' to 3s 6d; tomatoes, choice 7s 6d to 9s half case, prime 5s 6d to 6s 6d, inferior 2s Gd to 4s. POTATOES AND ONIONS. So far South Island potatoes have not yet reached the market, sdost districts report that the crops promise to be good this season, and unless there is an demand to Australia this year prices are likely to rule at a much lower revel thau was the case last season; at the same time there is a general opinion that potatoes will rule somewhat nigh during the current season. To a great extent the course of values will depend upon the action of the Commonwealth, whether it will be necessary for it to secure supplies from here. The blight which in previous years has been greatly in evidence, is, fortunately, not so noticeable, but there is, of course, time yet for its appearance to be made. In the local market values for North Island potatoes have been fluctuating within a higu range of values, and recently there has been somewhat of a shortage in the supply. Canterbury grown onions are now reaching the market, and the quality is giving general satisfaction. The demand consequently for Victorian onions has eased, as the advent of Canterbury grown together with supplies which have been available from Auckland has .had a detrimental elect on business with Melbourne. The market has gradually been declining for the past fortnight, and will probably continue to do so for another month. Pickling onions, are in strong demand, with very /few offering, at Al 3 10s to .£l4 per ton; potatoes .£7 to A 7 10s per ton; onions, A 7 to AS per ton. OTHER VEGETABLES. The market for vegetables continues to display generally a good tone; pie melons, pumpkins, cauliflowers, parsnips and green peas particularly are in strong demand. French beans are in somewhat weak demand owing to over-supply. Cauliflowers, choice 8s to 9s sacii* prim© 6s to 7s; cabbages, choice 3s 6d to 4s 6d sack, prime 2s 6d to 3s; canots, 4s Gd to 5s Gd sack; parsnips, choice 5s Gd to 6s sack, prime 4s .to 4s Gd; turnips, 3s to 4s sack; green peas, 8s tb 10s part sack; French beans. Is 6d to 2s bag; marrows, 3s Gd to 4s Gd sack; spinach, 4s Gd to 6s case; beetroot, 4s Gd to Gs sack: artichokes. 5s 6d to 6s 6d sack; pumpkins, bs to 10s sack. EGGS. Again a further advance in the value of eggs has to be reported; supplies 1 were insufficient for requirements last week, ond with a further falling off in volume the market has risen, with Is 7d to Is 8d per dozen ruling for best brands. Laery and Co., Ltd., wholesale produce merchants, Allen street, report price*

ruling on the Wellington market Fowls' wheat, Is 2d to 4s 4d per bushel; fowls' barley, best 3s 6d per bushel; Cape barley, seed 3s 9d per bushel; oats, snort iced 2s 8d to 3s per bushel; oats, seed Algerians 3s 3d; oats, Duns 2s ltd to 3s; maize, 4s 9d to 5a per bushel; Prussian blue peas, 5s 9d to 6s bushel; partridge peas, 4s 2d to 4s 3d per bushel; hors® beans, 4s 2d to 4s 4d per bushel; sucrosene, A 7 per ton; flour. Atlas brand A 9 11s 6d per ton; oatmeal, Al 3 10s to Al 4 per ton; pollard, AG 10s to A 6 15s per Lon; barley-meal, AS-10s per ton; poameql, A 6 per ton; bran, £5 5s to .£5 10s per ton; chaff, prime oatensheaf A 5 per ton; chaff, straw AS 15s per ton; straw, baled A3toA 3 5s per ton; , factory bacon, shoulders 8d per lb; sides, 9jd per lb; hams, lOd per lb; rolls, 10id per lb; factory cheese, medium size B;d per lb; factory checso, loaf size 7£d x>cr lb; honey, bulk, in 561 b tins 4id per lb; maigarine, in 281 b tins S’d per lb; whole Unseed. 18s per cwt; linseed, ground 22s per cwt; linseed, cake 14s per cwt; linseed nuts, 13s Qd per cwt; basic sing. X 4 5s per ton; superphosphates, XI las to A 5 per ton; rolled oats. 9s 6d per dozen; rolled oats, bulk 16s per 100; potatoes, prime table ABto A 9 per ton; onions. A 7 to A 8 per ton. SOUTHERN GRAIN MARKET Press Association. CHRISTCHURCH, February 4. The grain market during the past few days has been very quiet, there being little offering. Threshing out of the stook ifl now being proceeded with, and farmers are too busy to oome into town. A few sales of new grain have taken place at quotations, but, as stated, the quantity offering is small, and in some districts growers are not content with the prices that merchants and, millers are giving. A few samples of Peninsula cocksfoot have been shown, but the market for this seed has not yet fairly opened. There is a very limited demand for ryegrass, as it is stated that the North Island is well supplied for the present season's ©owing, LITE STOCK SALES AtTCTIONBEES' REPORTS. N.Z. Loan and Mercantile Agency Co* Ltd. At Rangiotu on Monday there was but a small yarding- Quotations : Cull ewea ss, weaner steers (good) 35s 6d, forward cows A 4 10s to A 4 lie. fat cows A 5, springing heifers A 5, 2-year heifere r.w.b. A 4 2s Cd, bulls A 3 10s.

Buyers. Sellers. Sales. <£ 8. d. £ s. d. £ 8, d BANKS— National of N.Z., Ltd — 6 2 6 New Zealand ... — 11 6 0 — Financial— N.Z. Loan and Mercantile 0 9 0 N.Z. and E. Plata Xauud, Ltd. 2 0 6 Wellington Trust Loan, Ltd., ei — 7 3 0 - GAS— " Podding — 1 0 3 - INSURANCE— New Zealand ... 4 19 0 _ Standard of New Zealand 1 12 0 - - SHIPPING— Union Steamship 2 7 0 — - MANUrACTUBINO— Wellington Wool’n, ordinary 3 15 3 3 16 0 _ Coal — Westport 1 7 6 — — Timber— Loyland O'Brien 1 6 6 1 7 6 - IdlSCBLLANEOHS— Golden Bay Cement Co. ... — 1 0 « N.Z. Drug Oo„ Ltd., £2 ... - 1 10 9 - Ward and Co., Ltd., ex ... — 4 17 0 . — W.P.O.A., £5 ... — 7 6 0