COMMERCE AND MINING

New Zealand Times, Volume XXXVII, Issue 8352, 12 February 1913, Page 4

COMMERCE AND MINING

WELLINGTON STOCK EXOHA NOB. YESTERDAY'S QUOTATIONS. MINING. 4 Consolidated Goldfields—ll.3o a.m., b 13s, a 15a. Murray Oreek (old issue)—ll.3o a.m., s 6s 6d (prem); 3.15, s 6a bd (prom). Murray Creek, (hew issue)—ll.3o a.m., b 5s M (prein);. 3.15, b 6a 5d (prem). New Sylvia—3.ls, b lid. Boss Reconstructed —11.30 a.m,, b Ss 2d, s 55,,4d: 3.15, s 6s sd. . Talisman Consolidated—ll.3o a.m,, b £1 19a 6d, s £2; 3.15, 0 £1 I9s 3d, a £1 19s 3d. WaUii—ll.3o a.m., b £1 13s 6d, s £1 14s; 3.15, b £1 13s 6d, s £1 14s. Wo/ifiT Grand Junction—ll.3o a.m., b £1 Is 9d, s £1 2s 3d; 3.15, b £1 Is 9d. fl £1 2s 3d. Waitongi Consolidated N.L.—11.30 a.m., b 6d, a 7d; 3.15, b 6u, s 7d. Worksop Dredge—ll.3o a.m., b £3 IDs, s £3 17b 6d. Note.—The letter “b" signifies buyers and “s" sellers. - INVESTMENT STOCKS.

QUOTATIONS ELSEWHERE. Press Association. AUCKLAND. February 11. Safes at this morning's call on the Stock Exchange: Waiotahi, 2s Id. Talisman 39s 9d. Crown, Gd. Waihi, 33s 9d. Grand Junction, 225. Afternoon call: Talisman Consolidated, 39s 9d. Waihi, 33s 6d. LONDON, February 10. Stock Exchange quotations include: Waihi Goldmilring, 82s fid (buyers) and 33s 9d (sellers). Grand Junction. 21s Gd and 22s 6d. Talisman. 37s 6d and 42s 6d. E. W. B. Hornabrook. 153. Featherston street, Wellington, member Stock Exchange Specialising iu Mining Scrip. Trustworti* Correspondence from all Mining Centres. Telegraphic address: "Hornabrook. Wet lington. LONDON MARKETS Reporting on January 3rd, the Colonial Consignment and Distributing Company, Ltd., London! states: During Christmas week the quantity of meat pitched on Smithfield Market showed a decrease when compared with the corresponding period last year. Naturally at this season buyers’ attention is directed chiefly towards poultry, and consequently the inquiry for both beef and mutton is limited accordingly. The demand for turkeys has not been equal to the supply, and it is reported that some of the wholesale, dealers have had to face heavy losses. The value of chilled South American beef has fallen considerably during the

period ■under review, tie drop being Id per lb on. tie average quality binds, but on the prime hind-quarters the difference is fully 1-W per lb. Hard beef haa not suffered as the quantity marketed was limited. English beef is selling at about id per lb lower, to-day’s quotations being 5.(i to £id per lb, but the value of Scotch is unchanged. Irish beef is now arriving in limited quantities, and prices are quoted round about sjd to 6d per lb. Both pork and veal are scarce and prides Very firm. New Zealand Mutton. - There have been no arrivals during the past two Weeks, but the Wbakarua is now' in tho river with about 24,001) carcases of mutton on board which constitute the first shipment of the season. The supply of New Zealand sheep on hand is. chiefly North Island, find, in spite . of poor Christmas trade generally, prices have hardened, the average for the past week being fully 4|d per lb. It is reported that Canterbury ebeep for forward shipment are being offered c.i.f. at this price. • Australian Mutton.—Tho receipts for the fortnight amount to 146,488 carcases, and ruling prices for good brands are 4d to 4id per lb, Which should be a satisfactory figure for the importer. The total quantity alloat of 'about 430,000 carcases probably represents the height of the season’s shipments, and will no doubt go readily into. consumption. Frozen Lamb.—The quantity received consists of 73 carcases from New Zealand, 142,102 carcases from Australia, and 70,009 carcases from South America. The stock of old season’s lambs is now about exhausted, and Australian iambs of good quality are inquired for, aim sell readily at about Sid to 6Jd per lb for tho best ouality. ‘ ± rozen Beef.—Arrivals comprise 14,32-i Quarters from Australia,'b2,b7l quarters frozen and #6,61# clililed from South America. Beet generally ©old badly during the Christmas period, but the crop in price was only conspicuous in respect to chilled beef. Hard beef was not pressed tor sale, and prices show only a slight dodine at 3rd to 3 S d per lb for hindquarters, tore-qdartors being unchanged. COMMERCIAL CABLES By Telegraph—Prim) Association— Copytlfhi SILVER. LONDON, February 10., Bar silver is quoted at 23 7-16 d per ounce standard. 1 PRICE OP FLOUR ADVANCES. S YD NET. February 11. The price of flour ha# a'dvanoed ss. to A 8 15s. 1 ' SOUTHERN GRAIN MARKETS Press Association. CHRISTCHURCH. February 11. There is no change, to report in the local wheat market, the principal business passing. being in wheat grown, in the northern district, which is changing hands in cases where the grower is willing to accept ruling. price. Oats are easier, as there is no outlet at present. Outside price is Is lid ter Gortons. Though the tew growers who have any to sell are willing to take this figure, other descriptions are hot as free tjf sale as they were. Bates ruling locally have left little or no margin of profit for shipment, either to the North Island or Australia. The bulk of the barley offering is very light, and maltsters are not purchasing any but prime samples, which still command 4s, while no offers can be got tor light samples. The barley this season, though generally so light, is in excellent condition and colour. BUTTER EXPORT Press Association. AUCKLAND. February IX. The total butter exported from the province during the past fortnight amounts to 25,000 boxes, bringing the total exported during the season to 286,93G boxes, equal to 143,4uflcwt. This is an increase of "22 per cent, oyer the export for the corresponding period of last season. STANDARD INSURANCE CO, Press Association. DUNEDIN, February XI. , The annual report of the directors ot ' the Standard Insurance Company for the year ending December 31st, 19X2, states that the income for the year, including the balance brought forward from

last year, amounts to .£155,934 16s 7d. and the expenditure to 90128,185 2s Cd, leaving a balance of ,£27,749 14s Id. From this amount an interim dividend was paid in June amounting to 963000. The director* have added to the reserve fund «E7joo, to the reinsurance reserve fund <£3ooo, and they recommend that the balance be appforprited as follows: To pay a dividend for the half year ending December 31st of 8 per cent, (making 14 per cent, per annum) £6OOO, and to cnrrjT forward to next year 90824.9 14s Id; total 1027,749 14s Id. • LIVE STOCK SALES AUCTIONEERS’ REPORTS. N.Z. Loan and Mercantile Agency , , Co.. Ltd. At Himatangi on Monday a moderate entry came forward and mot with keen competition. ; Quotations:—Cull lambs, ss; Romney rams, 1J guineas; meaner heifers (Jersey cross, £2 9s to A2 18s; weanor steers (discoloured), 22s 6d; store cows, 903 2s; forward cow®, 904 Is to A 4 2s 6d; cows ih milk, 90G 10s; bulls, £4 fax AT 15s. Messrs Dalgety and Co., Ltd., Welling, ton, report as follows on their Waikanaa sale held yesterday ; We had a lair yarding of sheep, which, were well sought after, most of the lines offered being sold under the hammer. Cattle were not in great demand, but ire were successful in disposing of most of the lines. \V« quote the following prices: iour-tootfi to f.f.m. ewes 11s 3d, fat and forward ewes 13s. two and four-tooth wethers 14fi to 16s 4d. shorn lambs 7s 3d, springing heifers AS, 18-months heifer's A 3 15s, forwind cows A 4. weaners A 1 I3s to AJ. ’ss, bulls £1 17s Cd. WELLINGTON CUSTOMS Tlie Customs revenue received at Wet lington yesterday totalled A 2623 7S- Id.

Buyers. Sellers. Sales. £ a. d. BANKS— National of N.2., £ 8. d. £ s. d. Ltd. 6 0 0 6 2 0 6 10* New Zealand ... — FINANCIAL— N.Z. Loan and Mer11 S 0 oantile, 10s ... 0 9 3 N.Z. and R. Plate — Land. Ltd. ... — Wellington Trust . 2 0 6 — Loan, Ltd, ... — (JAB— Wollingtoa, £10, 7 4 0 cum. 16 10 0 . insurance— National of New Zealand 2 3 6 — — New Zealand ilt H 0 meat preserving—* uliristcliurch Meal » 2 0 Co 15 0 0 -a ” port, £2 12s 6d a 13 0 SHIPPING— — N.Z. Shipping Co. 14 17 6 union Steamship 2 7. 0 MAN DP ACTURING—We’Hnjrton Wool'n, ordinary 3 13 0 COAL— 3 15 0 — . Westport — HlSOELLArrEOKS— Qolden Bay Ce1 8 0 ment Oo. ... — N.Z, Consolidated I 0.6 Dental fco. ... 1 0 5 N.Z. Drug Oo., — — Ltd., £2 2 9 6 * Deported 2 9 9 2 9 9*