COMMERCE AND MINING

New Zealand Times, Volume XXXVII, Issue 8348, 7 February 1913, Page 4

COMMERCE AND MINING

WELLINGTON STOCK EXCHANGE. YESTERDAY'S, QUOTATIONS. MINING. Blaokwator Mince—ll.3o a.m., s <EI 6a i 3.15, s £1 se. ■ Consolidated Goldfields—ll.3o a.m., s 16a; 3.15, « 16a. Kuranui Caledonian—ll.3o a.m., b lOd, s le 2d; 3.15, b lOd. Murray Creek (new)—ll.3o a.m., b 6a fd (prom): 3.15, b 5s 6d (prem.). Progress—ll,3o turn., s 9s 3d. Rosa Reconstructed—ll.3o a.m., b 5s Zd, s 5a sd; 3.16, b 5a 2a, s 6a 6d. Talisman Consolidated—ll.3o a.m., b £1 18a 6d, s £1 19a; 3.15, b £1 18s 6d. AYallii—ll,3o a.m., b £1 13s, a £1 13a 9d; 3.15, b £1 13a 3d. a £1 14a. Waihi Grand J unction—ll.3o a.m„ b £1 la 9d, a £1 2s 3d; 3.15, b £1 la 9d, a £1 2s 3d. Waitangi Consolidated N.D.—11.30 a.m., b 6d, a 8d; 3.16, b 7d, a 7Jd, Note.—The letter *'b" signifies buyers and "s” sellers. INVESTMENT STOCKS.

QUOTATIONS ELSEWHERE. Press Association. AUCKLAND, February 6. Sales ■ at this morning’s call on tho Stock Exchange: Talisman, 38s 9d. Waihi, 33s 9d. National - Bank, £6 Is. New Zealand Portland Cement, 19s 9d. CHRISTCHURCH, February 6. Stock Exchange sale reported : Bank ot New Zealand, £ll ss. DUNEDIN, February 6. Stock Exchange sales: New Zealand Portland Cement, 20s (two parcels). Westport Coal (reported), 27s 9d. E. TV. B. Hornabrook, 153, Feathemon street, Wellington, member Stock Exchange Specialising iu timing r. rip. Trustworthy Correspondence Irom all timing Centres. Telegraphic address: "Uormtbiook, Wellington. MINING RETURNS. Press Association. REEFTON, February 6. Following are the Progress Mines of Now Zealand, Ltd., tho Wealth of Nations and Blackwater Mines, Ltd.. January returns: Progress Mines.—The mill ran 13J days and crushed 2504 tons yielding 4670 z ISdwt, Value £1907 16s 6d; cynnided 1570 tons, yielding 3220 z lldwt, value £922 ISs Bd. Estimated value of sulphnrete produced (36 tons) £514. Wealth of Nations.—The mill ran on 21 days and crushed 1762 tons, yielding 4990 z lldwt, value £2066 17s 9d; cyanided 1123 tons, yielding 2210 z 9dwt, value £704 19s. Estimated value of eniphurets produced (13 tons) £74. Blackwater Mines.—The mill ran on

21 days and crushed 2750 tons, yielding 11960* 6dwt, value 44876 lls-7d: cyanided 1174 tons, yielding 2070* 2dwt, valued at 4491 17s 3d. Estimated value, of sulphureta produced (18 tons) - .£264, Total vafuo 4111,823 to 9d. , SWASTIKA GOLD MINES, LTD The following report, dated February let, has been received from the manager : “I am very pleased to report that the level on No. .6 which, in my letter of the 14th January, 1 told you was being sprung diagonally across the reef, has commenced, to show: gold freely. , It has been extended 20 feet and is about the centre of the reef. There is no doubt about its payableness' from' the visiblegold quite apart from the value of the sulphides, which show no diminution. In my opinion the object of our venture is accomplished. Shareholders can be congratulated on the possession of a very valuable property. Last week F. Eose, one of our best miners, had his hand badly crushed while in the face, and as it is very hard to get men we decided to stop NO. 1 for the time being and work two shifts on No. 6. 1 will push on the level till we reach the other wall, and. as previously reported, oy the middle of February we will set the battery going and I hope from amalgamation alone to get a very fair return. There is nothing further to add at the moment." COMMERCIAL CABLES By Tel seraph—Press Association—Copyright LONDON, February 5. WHEAT. Wheat cargoes are firm, and there is a better demand. ' Two thousand quarters December-January shipment have been sold at 38s 3d. PRICE OF METALS. Copper.—On spot, .£68—41 lower; three months, <£S8 —Li 5s lower. Tin.—On spot, 4221—46 lower; three mouths, 4:221 105—414 lower. Lead, 416 15s per ton—7s 6d higher. TALLOW.At the tallow sales 1074 casks were offered and 772 sold. Prices realised: Mutton, fine. 40s 6d; medium, 355. Beef, fine, 38s; medium, 31s 6d. SILVER. Bar silver is quoted at 28 11-16 d per ounce standard. Messrs Murray, Roberta and Co., Ltd., have received the following cablegram, dated sth inst., from London: Sheepskins.—Market advanced id to Id per pound. New Zealand Loan and Mercantile Agency Co., Ltd., have received the following cablegram from, London under date sth' inst.: Wheat. —We have sold an Australian cargo at 37s 8d c.i.f. The market is steady, and there is a fair demand owing to favourable crop reports. Market prospects Argentina—outlook uncertain. We. quote per quarter c.i.f. flew Zealand wheat: Long-berried 365, shortberried 35s 6d. AUSTRALIAN PRODUCE MARKETS. (Received February G, 10.30 p.m.) SYDNEY, February 6. Wheat, 3s 6d to 3e ejd, February delivery 3s 7d; barley. Cape 4a 3d; maize, 4s 7d to 4a 8d; oats, Tasmania 3s 2d to 3s 3d, New Zealand 3s 2d to 3s 3d, Algerian 2s 9d to 3s; bran, 45 10s; pollard, 46; onions, globes'4s 5s to 45 10s; potatoes, 45 10s to 47 10s; butter, selected 95a. medium 92s to 945; cheese, C!d to 6fd; bacon, lOd to IOJd. ADELAIDE, February 6. Wheat. 3s sfd to 3s 6d; flour. 47 17s 6d to 48 2s 6d; bran, 45 12s 6d; pollard, 45 I2a Od. HIDES. MELBOURNE, February 6. Hides. —Moderate supplies, and an active demand at one farthing dearer. NEW COMPANIES The" Mercantile Gazette" mentions the flotation of the following new companies : New Zealand Automatic Bakeries, Ltd. Capital, 435,000 into 35,000 shares of 41 each. Subscribers—Wellington : W. M. Hannay, 300; J. A. Plimmer. 300; W. A. Kellow, 300; O. S. Watkins, 300; W. G.

Montell, 200; W. 8. Wheeler, 200} G. B. Hull, 200. Objects: To acquire and taka Over a* a going concern the business of Walter Abraham Kellow,'trading as grocer, baker, confectioner,; etc., at 108, Taranaki street, Wellington. Temuka Pipework® Co., Ltd. Capital* '44000 into 4000 shales of 41 each. Subscribers* i Jesse C. South, 1000; Angus M, Robertson, 1000; Alfred South, 1000; George M. Robertson, 1000. Objects: la acquire and take over as a going concern the business formerly carried on at iemuka under the style of the Colonial Sanitary Ware Manufacturing Co. KAIAPOI WOOLLEN CO. HALF-YEARLY DIVIDEND. Press - Association. - ' OHBtoTCliljßUii, February 6. ’ The directors of the Kalapoi W oolleu Manufacturing €O., Ltd., have declared an in terim dividend of 3 per cent, on, the ordinary and preference shares for the half-year. WEST COAST RAM FAIR HIGH PRICE'S REALISED. Press Association. FEXLDXNG, February 6. The West Coast Bam Fair under tha auspices of the 1 eliding Agricultural and Pastoral Association commenced to-day. There are 1700 rams entered. Only Romneys were ottered to-day. Prices generally were in favour of purchasers, though good rams fetched hign prices. The Sheep breeders’ Association held its annual sale in connection with the fair. The highest price of the day was 120 guineas. B. Short’s Argentine First brought 110 guineas, purchased by A, L. Wheeler. E- Bhort offered twelve stud rams, which averaged 68igns. The fair will continue to-morrow. LIVE STOCK SALES AUCTIONEERS' REPORTS. Messrs Abraham and Williams, Ltd. At Palmerston on Thursday there wav a email entry of sheep ana a medium one of cattle. Prices: Woolly lambs Us, sound-mouth ewes 11s 9d, 2-year steers 44 13s 6d, 18-mouth steers 43 7s 6d. fat and forward cows 43 12s 6d to 45, store cows 27s 6d to 42 11s, cows and calves 42 6s, weaners 15s to 375, bulls 42 6s Cd to 45 12s 6d. At Baumai on Tuesday, a fair yarding of sheep and cattle came forward, which met with good demand, and we quitted the whole of our entry. Quotations t 1 and 5-year ewes 8s 7d, 2-tooth ewe* 14s Bd, shorn rape lambs 8s 2d to 9s Gd, 18-month steers 43 11s 6d, yearling steer* 42 to 42 to, weaner heifers 42 Bs, mixed tenners 34s to 42, heifers in calf 44 6s, cows in calf 45 to 46 15s, forward cows 43 to 43 15s. bulls 44 5s .to 41 Ja (id. At Johnsonville yesterday a large yard, ing of sheep came forward, upwards of 2500 being penned. There was a large attendance of buyers and a good demand. Prices—Good 4-tooth wethers 16s 2d lu 16e 3d, others 14s 3d to 15s 2d, 2 and 4tooth wethers 13s lOd to 14s, good 2-tooth wethers 14s, others 13s to 13s 6d, 4-tooth owes 13s 6d, 2-tooth ewes 14a lOd, full aad failing mouth ewes 12s 9d to 13s, sound mouth ewes 10s 9d to 12s Id, aged, ewes 7s 6d to 10s 2d, cull ewes 4s 6d to 6s, lambs 7s Id to 8s 6d, Romney rams 1J to Signs, heifers in calf 43 15s to 44 sa. 2-year steers 43 Bs, 3J-ycar steer* 44 lie, weaners 42 4s. WELLINGTON CUSTOMS The Customs revenue received at Web tingtou yesterday totalled 45266 9s 4d.

Buyers. Sellers. Sales. £ s. d. £ s. d. £ e. d. BANKS— New Zealand ... — 11 5 0 — FINANCIAL,— N.Z. and E. Plate Land, Ltd. ... — Z 0 6 —- Wellington Trust Loan, Ltd., ex — 7 4 0 —* GAS— Feilding — 1 0 3 INSURANCE — National of New Zealand. 2 3 0 ■— 2 3 6* standard of New Zealand 1 12 0 — — MEAT PRESERVING— Christchurch Meat Oo„ ex ... ... 14 17 6 15 0 0 — SHIPPING— N.Z. Shipping Co 14 10 0 — — Union Steamship 2 7 9 2 8 9 — MANUFACTURING— Kaiapoi Woollen. preierenoo ... — 5 5 0 •- WeUiogton Wool'n, ordinary 3 15 0 3 16 0 — , COAL—, Westport 17 6 — — Wostport-Stoekton, Ltd. ... ... — 0 4 0 — Timber— Leyland O’Brien — — 16 6* Miscellaneous— Golden Bay Cement Co. - ... — 1 o' 6 N.Z. Portland cement 0 19 3 1 0 3 — Ward and Co., Ltd, — 4 16 6 — •Ecported.