COMMERCE AND MINING

New Zealand Times, Volume XXXVII, Issue 8354, 14 February 1913, Page 10

COMMERCE AND MINING

WELLINGTON STOCK EXCHANGE. YESTERDAY’S QUOTATIONS. MINING. Ross Reconstructed —11.30 a.m., s 5s lid: 3.15, 9 6s. Saxon—3.ls, b sd. Talisman Consolidated—ll.3o a.m., u £1193 Sd, s £2; 3.15, b ±1 19s 6d, s £2. Walhi—ll3o a m„ b £1 12s 9d; 3.1 a, b £1 13s. s £1 15s 9d. , , r . , Waihi Grand Junction— ll.3o a.m., b £1 Is 6d. s £1 2s; 3.15, b £1 Is 9d, s £1 2s 3d. AValotahi—ll.3o a.m., s 2s 3d. AVaitangt Consolidated N.L. —11.30 a.m., B 7d. Note.—The letter ”b” signifies buyers and "s’’ sellers.

' E W. B. Hornabrook, 153, Fcatheraton street, Wellington, member Stock Exchange Specialising in Minins 6-v ri P;. Trnstworfi -r Correspondence irom all Mining Centres. Telegraphic address: "Hornabrook. Wellington. QUOTATIONS ELSEWHERE. Press Association. AUCKLAND, February 13. Sales at this morning’s call on the Stock Exchange; Crown, Gsd. , Talisman, .£1 19s 9d, 19s 6u. Waihi, £1 13s 3d. New Zealand Cement, 19s 9d. CHRISTCHURCH, February 13. Stock Exchange sales reported; Christchurch Gas Co. £7 Ids. Mason, Struthers and 00. (14s paid), 15s on. The latest quotations are; National Rank, sellers, I—s; Rank of New Zealand, .£ll ss; Manning and Co., buyers, 80s; Taupm Coal, sellers, 23s 3d; Westport Coal, sellers, 28s 9d; Christchurch Gas, sellers, 153 s 6d; National Insurance, buyers, 44s 6d; New Zealand Insurance (ex. div.), buyers, 100 s; Canterbury Frozen Meat, buyers, ICOs, sellers 162 s 6d; New Zealand Shippin it, buyers, *£ls; Union Steamship, buyers. 48s; Mason, Struthers (14s paid). sellers, 15s; :®4jjuNBDIN, February 13. Stock Exchange sales reported: National Bank, £6 Is. Talisman Consolidated, 39s- 4d, 38s 3(1. New Zealand Insurance (ex div.). £5 Is. COMMERCIAL CABLES By Telegraph—Press Association—Copyright LONDON. February 12. WHEAT. Market steady, but inactive. Victorian. February, 38s 3d. Liverpool futures, March 89| cents. May 87£, July 87i, Chicago. May 92? to 94i. July 91| to 92. TALLOW SALES. At the twelfth tallow sales 639 casks were offered and 202 sold. Mutton, line, realised 40s. Prices for the rest unchanged. WHEAT SUPPLY. The American visible supply of wheat is 119,342,000 bushels. PRICES OP METALS. Copper—On the spot, 3s 6d higher at XGG 2s 6d per ton; at three,months, 5s higher at £66 5s per ton; electrolytic, £73 10s —£1 5s down. Tin —On the spot. .£223 per ton—.£3 10s higher; at three months. £22l—£3 IDs higher. Fig-iron— Middlpsbro* No. 3 61s lOd p'er ton —Id higher. Wolfram, 335. AUSTRALIAN PRODUCE MARKETS. (Received February 13, 9.35 p.m.) SYDNEY. February 13. Wheat, 3s 6d to 3s 7sd; flour. £8 15s; bran, £5; pollard, £5 ss; oats, Tasmanian sparrowbiils, 3s; New Zealand, Algerian, 2s Od to 2s 10d; giants, 3s; maize, 4s 3d to 4s 6d; potatoes, local. £2 to £4; Tasmanian, £6 10s to £7 10s; onions, Victorian £6 10s to £7; butter, selected. 965; prime, 90s to 925; cheese, 61d to 6fd; bacon, 8d to BJd. ADELAIDE, February 13. Wheat, 3s s£d to 3s 6fd; flour, £7 17s 6d to £8; bran and pollard. Is 2d; oats, Is 3d to Is 4d. MELBOURNE, February 13. Hides are in small supply. The market is animated and prices are very firm. New Zealand Loan and Mercantile Agency Co., Ltd., received the following cablegram from Loudon under date 12th —We quote present spot values for the following descriptions: Good mutton 33s 9d per cwt: good beef, 3fe 3d per cwt; mixed, 33s 6d per cwt. ihe mutton market is inactive. Wheat—We have sold an Australian cargo at 38s 3d c.i.f. The market is steady, and there is a fair demand owing to unfavourable crop reports. Xne Indian outlook is uncertain, CHRISTCHURCH WOOL SALES. Press Association. CHRISTCHURCH, February 13. The fourth and final wool sale of this season’s series ivas held to-day, when there were 5490 hales offered. The total quantity offered at Christchurch sales this season was 53,014 bales, as compared with -16,890 hales last season, though this season’s offerings are not quite up to tho record of 53,894 bales in 1909-1910 The selection to-day comprised back country and late shorn clips and odd lots passed in at the previous sale. There was a large attendance of buyers, and tho solo was a brisk one throughout. Halfbreds were very firm at par to a farthing advance on the rates ruhnrr at tho January sale, -"'bile crossbreds were fully a halfpenny dearer. Merinos were irregular the local woollen mills not operating as they did at the earlier sales. A very satisfactory clearance was effected, the bulk of the passings coasting of some of the larger clips which failed to viatfc the glowers’ reserves. Top prices d .d not equal those at the January sale, hi t the condition of the wool offered has it- be taken into account, as it was I h. ,-ier in grease, and much ot that from I the -ack country was not of the quality ! of t-vt grown on the front hills and 1 down-.-' -V lai—cr nuantitv of Jambs wool 1 wa I -'eicd t * c,"v -,~ffv;7rA Christ-

cnurch sale, and the best descriptions sold well, but several _ lots of inferior ivere passed. The following were the toppnued dins: Hall bred, Jlvaudale 13fd. Giaenevin 13d, P.A. 13d, Hayland 12,’d, Swyncembe 12(d, Barcaldine .12}d Comdale, Eakahun IDjd, The H.-Vv-ers ... merino, Altry 12d. Following was the range of prices, with those of the January sale by way of comparison:

LIVE STOCK SALES AUCTIONEERS’ REPORTS. Abraham and W illiams. Ltd. At Palmerston North on Thursday there was a small yarding of sheep and cattle. ' Prices; Two-tooth wethers J4s 2d, empty ewes 8s rains 5s Od to 14s bd. Jersey weaner heifers 3te to .£3 is, mixed weaners 293 Gd to £2, yearling steers £2 Bs, heifers in calf £4 to To 9s, springing heifers £5 7s Gd. springing cows £G 15s. N.Z. Loan and Mercantile Agency <-e., and. Ati Eongotea on Wednesday there was a small entry of sheep and a heavy yarding of cattle, comprising mostly weaners and store cows. Quotations: Cull ewes 4s bd to 4= 7d, fat lambs 12s. fat wethers Itis 3d, weaner heifers (small) 23s Ud, weaner heifers (good) oGs Gd to £2, v saner heifers (Jersey cross) £2 8s 6d to £2 Ite Gd, weaner steers (small) 24s 6d to 28s, weaner stesrs 80s to 84s Gd, mixed weaners 345, store cows £3 10s to «63 ss, forward cows £3 15s to £4 10s, yearling steers £2 Gs. cows with calves £5, bulls £2 10s to £5. NEW COMPANIES The "Mercantile Gazette” mentions the registration ot the following new companies i duko Buildings, Ltd., AVellmgton. Capital—£l7.9oo into 17,900 shares ol £1 eacn. Subscribers —Wellington-. J. A. Pike, 8950; A. T. Bate, 7160; C. P. Skerrett. 895; A. Wylie, 895. Objects—To purchase or otherwise acquire certain lands, buildings, etc., at the corner of Manners and Willis streets, being part section 205 on city of Wellington plan; to erect buildings; to carry on business as hotelkeepers and to provide public and private amusements and entertainments. etc. New Zealand Biograph Co., Ltd., Auckland. Capital—£2ooo into 2000 shares of £1 each. dubsoribens —Auckland: G. J. Hutchinson, H. W. Lawson, F. Stewart. J. E. Russell, Reg. G. Clark, H. 8. Smith, all 15 shares each. Objects—To acquire ;-nd take over the business of moving picture photographers now carried on by Messrs F. Stewart and C. J. Hutchinson, Smeeton’s Buildings, Auckland. Waiotapu Estates Development CoLtd., Auckland. Capital—£2o.ooo into 20,000 shares of £1 each. Subscribers— Auckland: W. C. Macklow, 100; AV. J. Maoklow, 100; D. Teed, 1; E. Griffiths, 1; W. N. Gamble, 1: IC. Rutherford. 1. Christchurch :C. G. Alcorn. X. Objects —To purchase and acquire estate, right, title, and interest of the Waiotapu Land Syndicate. Ltd., in and to laud situated in Tatau, Takapau. Tuahara, and Otukotoa Survey Districts, and to cultivate the said lands, etc. WELLINGTON CUSTOMS The Customs revenue received at Wellington yesterday totalled £1730 10s.

INVESTMENT STOCKS. , Bayers. Sellers. Sales. £ s. d. Banks— National of N.Z., £ s. d. £ s. d. Ltd — 6 1 0 New Zealand ... 11 0 0 FINANCIALN.Z. and R. Plate Land, Ltd ... — Wellington ; i’rust 2 0 0 Loan, Ltd., ... 7 0 0 GAS— 7 4 0 Foilding ... ... — 1 0 3 — Wellington, prof. — INSURANCE— National of New 1 0 3 Zealand... ... 2 5 0 MEAT PRESERVING— Wel’n Meat Ex* port, £Z 12s 6d 2 15 6 SHIPPING— N.Z. Shipping Co, 15 0 0 — — - Union Steamship 2 7 9 COAL— Hikurangi — 0 18 0 — Westport ... ... 1 7 9 We*tport-Stockton, 1 8 0 1 710i* Ltd — MISCELLANEOUS— Golden Bay Ce0 4 0 ment Co. ... — N.Z. Consolidated 1 0 6 Dental Co. ... 1 0 6 N.Z. Drug Co., Ltd., £2 2 9 6 N.Z. Portland Co ■ Z 10 0 ment — 1 0 6 N.Z. Paper Mills — •Reported. •Reported. 1 0 9

Jan. 13th. Feb.13th. cl. d. d. d. Superior merino ... ) ' rc 13; m to 12 Med. and in. do ... o-.V to ni b;jto HiSup. haifbred 12 to 14-ji 12 to 134 10.1 to lit H to 112 Inferior haifbred... 94 to 104 to 10.4 Super. Cbrriedale... 12 to 11 12 to 124 Med. and inf. do 10i to lit 92 to 114 lit to 13 — 10 to 114 lOi to 114 8 to 94 to 10 Hi to 131 — Med. crossbred Si to 11 92 to 192 Med. crossbred Si to 11 94 to 104 Inferior crossbred 8 to 91 9 to 94 Longwool — 84 to 91 9^ 10i to 11J iii to 104 Merino pieces at to 11 First i-bred pieces 10 to 124 10 to 11 Second 4-bred pieces 84 to 9i to y| Crossbred pieces ... 3 to 5i to 10 Locks and crutchto 8 to 04 4 Lambs ■wool — to — 84 to 104