COMMERCE AND MINING

New Zealand Times, Volume XXXVII, Issue 8361, 22 February 1913, Page 7

COMMERCE AND MINING

WELLINGTON STOCK EXCHANGE. YESTERDAY’S QUOTATIONS. MINING. Consolidated Goldfields —3.15 pan— b 13s 3d Kurazmi Caledonian —11-30 a.m— s Is; 3,15, Murray Creek (old Issue) —11.30 a.m. b 6a; 3.15, b 6s, sales 6a 6d (prem.. reported). Murray Ureeu inew issue;—ll.3o am., D, Ss, a IQs (prem); s.ra, b 8s ipreui}. New Big iiiver—3.ls p.m., a £5 to. New Sylvia.—ll.3o a-m- b IBd; 3.15, b Ud, itoss Reconstructed — 11-30 a-m,, b fis Gd, • 5s 9d; 3.15, B 6s 10a. , M 'i’aixsmaa Consolidated—lL3o a.m— a AJ., 3.15, b £1 19s 6d, a £2, Waihi—ll.3o a.m.. b £1 13s 9d, B £1 lj». sales £1 13s 9d (2, ’Change); 305. b £1 13s 6d, s £1 14s. Waibi Grand Junction—ll,3o a.m., b ±1 is Jd, s £1 Is 9d; 3.15, s £1 2s Waiotahi—ll.3o am., s 2s; 3.15, a Zs. Waitangi Consolidated N.U.— U.3O am- I 7d; 3.15, 8 7d. Note.—The letter “b” signifies buyer* and "s" sellers. INVESTMENT STOCKS.

E. *W. B. Eornabrook, 153, Eeatbenton street, Wellington, member Stock Exchange Specialising In Mining Scrip. Trustworthy Correspondence from all Mining CsnUnss. Telegraphic address: "Homabtook, Ws* linytan. QUOTATIONS ELSEWHERE. Press Association. AUCKLAND, February 21. Sales at this morning’s call on tbe Stock Exchange: Occidental, BidGrand Junction, 21s Gd. New Zealand Insurance,’ £5 ss. Auckland Trama (ord.), 24e 9d, New Zealand Cement, 19s. Afternoon call: Wilson Cement (ord.), 395. _ Auckland Tramways (ord,), 255. Northern Coah He sd. CHRISTCHURCH, February 21. Stock Exchange sales reported: Christchurch Gas, J 57 10s. Christchurch. Meat Co. (£lO paid), £ls 7s Gd. Union Steamship, £2 10s 6d. DUNEDIN, February 2L ’ Stock Exchange sales: Union Steamship Co— 49s 9L “Otago Daily Times," S2s Gd. Sales reported: New Zealand Portland Cement, 19s 6d (two parcels). ' , ' “Otago Daily Times, 52s 6d (two parcels). , ~ Union Steamship Oo- 80s 6d (two parcels), 50s 3d, National Insurance. 45s 6d. Milburn lime and Cement, 20s. Whitoombe and Tombs, £6 8s 6d. LONDON. February 20. Stock Exchange quotations include: ■ Waihi Goldmining, 32s 6d (buyers) and 33s «d (sellers). , „ Grand Junction, 21s 6d and 22s 6d. Talisman. 37s 6d and 42s 6d. COMMERCIAL CABLES By Telegraph—Pres* AMociatloy—Gopyrlgh* (Received February 21, 8 p.m.) LONDON. February 2L GRAIN AND FLOUR. Wheat. The market is quiet, but steady. At Liverpool the quotations for wheat “futures” are: For March, 7s 6jd t|d higher); May, 7a 3|d (id higher); July, 7s 3jd (same as last quotation). Australian wheat on the spot is quoted at 40s Gd per quarter of 4961b —last quotation 40s to 40s 6d. Flour.—The market is steady. AustraLain patent brands on the spot ex store per sack of 2801 b 2Sb —last price 27a 9d. Oats.—The market is slow. La Plata, February-March shipment, Xsa 10id per quarter of 3041b—Jd lower. Beans.—Tho market is quiet tending to be easier. (Last week’s quotation was 40s to 40s 6d per quarter of 5041 b, ex store). BUTTER. The cold weather has hardened tho butter market. AH sorts are firm, especially choicest which is in strong demand. Quotations are: Danish, 130 s to 1335; Colonial at full late rates, namely: Australian, salted, Xoßs to. 110 s, a few lots U2s; unsaltod, 112 s to 113 a, a few lota U6s; New Zealand, 113 a to lies. CHEESE. The market is firmer. New Zealand, 60s to 6Xs. BACON. The market is firm, with a good inquiry. New South Wales Cumberlands, 62s to 645. SUGAR. German beet sugar. 88 per cent, net fit re, id more, than last quotation at 8«

8d per cwt; first marks granulated- f.o.b. Hamburg, Id more at 11s fid per cwt. BRADFORD WOOL. The market is firm, and prices unchanged. viz.: 645. 30-id; super. gHd ; common 60’s, 28|d; 56 s, 24d; oO s, 22Jd; 46'e, 17Jd; 40’s. 16Jd. PRICE OF METALS. Silver.—Bar silver is quoted at 28|d per ounce standard. , ’ Copper.—On the spot, £64 7s 6d per ton; at three months, £64 10s. Last quotation—cash .£66 7s 6d. H Tin.—On the spot, £2lB 10s per ton£3 Sa lower; at three months. £2ls—£4 Lead.—Soft foreign, £l6 Us 3d per ton—same as last week Pig-iron.—Middlesbro No. 3, 6-a per ton—2s 3d down. Spelter.—£2s 5s per ton—ss lower. AUSTRALIAN PRODUCE MARKETS. MELBOURNE, February 21. Wheat, 3s 7id; March delivery, 3s Oid. Flour, £8 15s. Oats— Feeding. 2s 3d to 2s sd; milling, 2s 6id. Barley-English, te to te 6d; Cape, 3s to-Bsfid. Maize, 3s 9d. Bran, £3 10s. Pollard, £5 15s. Potatoes, £5 5s to £6. Onions to £S. FINANCIAL CABLES BANK AND STOCK EXCHANGE REPORTS. (Beoelved February 21. 8 pjn.) > LONDON, February 2L BANK OF ENGLAND EETUEN. The Bank of England return issued for the week ended Wednesday, February OStn, is as under; Issue Dbpabtscsht.

CONSOLS AND AUSTRALASIAN STOCKS. Current quotations for Consols and Australasian Government stocks, compared with those of last week, and the corresponding period of -Last year, are :

•Interest payable in. May and November, ■flnterest payable in January and July. payable in April and October. THE MONET MARKET. . The Bank of England discount rat® remains at 5 per cent., to which it was raised on October 17th. A year ago th® rate was 3i per cent. The Bank of France rate is 4 per cent, (since October 17th), and that of the Imperial Bank of Germany 6 per cent, (since November 14th). The open market rate of discount for best three months bills is unchanged at 4i per cent.; a year ago it was 3 7-16. Short loans are unchanged to 5s easier at per cent.; twelve months ago the quotation waa 3f to 3J. In Paris the open market discount rate is & 6d lower at 3Jd per cent. (SJ a year ago). while in Berlin it is 2s 6a higher at 5) per cent. (3J a year ago). SOUTHERN GRAIN MARKETS Press Association. CHRISTCHURCH, February 21. "Wheat.—The market is firm and steady, and the quantity offering is not large. Both millers and merchants are free buyers of any lines that are offering, quotations being: Tuscan 3s sd, Hunter's 3s sid, and pearl 3s 6d to 3s l>Jd at country stations. The rain that is falling at the time of writing will interrupt threshing operations for some days and check the offerings. Oats axe inclined to be easier, as merchants have now secured stocks, and at present they are not finding an- outlet. Thera is a considerable quantity offering, but growers are not disposed to accept present quotations, and sales have net been easy to effect. A little business has been done in new chaff at 555, but growers are now asking 60s at country stations. Business is fairly quiet in other lines of grain and produce. DAIRY PRODUCE EXPORTS T£© CorintMc, which left Wellington on Thursday for London, took the follow* mg dairy produce from New Zealand:

LIVE STOCK SALES AUCTIONEERS’ REPORTS. NA Loan and Mercantile Agency CK, Ltd. At Palmerston North on Thursday there waa a moderate entry of sheep and cattle. Quotations; 2 and 4-tooth ewoa 13a 2d, rape lambs 6s lid to 9s, store ewes 4a to Gs, fat ewes 12s, good weaner heifers £2 te (id to £2 15s, small Holstein heifers £2 3s, weaner S-tL steers £2 2s. small mixed weaners 27s to S3s, 15-month hoif* ears £2 6s, 15-month steers £2 ss, 18-28-month steers (bad oolours) J 22 6s fid to £3 11s, heifers r.w.b. aud 18s to £4 10s, inferior heifers £2 11s to £2 18s 6d, store oows 37s to £2 Bs, forward cows £3 11*. fat cows -6o 2s, bulls £5 15s. At Feilding on Friday there wae • good entry of cattle and a heavy yarding of sheep. Quotations: Weaner steers (small) 20s to 270 6d, Jersey cross weaner heifers .£3 10b, 2-year steers .£4, 2J-yoai steers £5. bulls £5 17s. stubjole lambs 5s 3d to 5s 6d, forward rape lambs 10a, cull ewes 3a fid, s.m. breeding ewes 9» Sd to 10s. mixed age breeding ewes 10a fid, small 2-tooth ewes 9s 7d, small 2-tooth wethtmfi 11s 9d to 12s 4d, fat wethers light 15s, Romney rams 2gns. . At Rangiwahia on Tuesday a fair entry of sheep and cattle came forward. Competition was not brisk, but wo disposed of the bulk of our entries. _ A heavy yarding of rams realised fair prices. Quotations: Cull lambs te 3d to te fid, email wether lambs 6s lOd, mixed lambs (small) 7s Bd, ouU ewes 3a fid, sjn- ewoe 7s 3d to 11s, 2-tooth wethers (small) 10s. rams, at all prices up to £3 3a, weaMy steers 38s fid, weaner heifers £2, 18-month stears £3 12s fid. good 20-month siteere £4, 20-month heittens £3 15s, flowward cows £4. ' , . ~ At Waituna on Wednesday we hold s special eal© of stock in the ©keep yards lent by Mr Trevor, Shannocu Onx entry eonsisted of 3750 sheep of various classes. The bulk of the entry sold at pnoca highly satisfactory to the tations: Cull iambs te to te 7 d. lambs 7s 4-d, medium .rape Unto 8a Bd, 4-year breeding ewes 12a to Us 2d, mixed age ewoa 12s lOd, e-m. ewes 10s, 2-tootb ewes 14s, 2-tooth wethers 12s Vd to Ite, rams Ign to 2gn, weaner heifers 375, 18month heifers £3 Ite. MASTEBTON BAM EAIB Press Association. MASXBRTON. February 21. The Masterton Ram Fair, the most successful in the history of the aseocuition, - was concluded to-day with a salt 1 of Romneys, Lieoesters and Shi-opstmr.s. ‘There was good competition. The highest price' obtained was XOOgi.* for a Romney ram bred by the itiddii oiv estate. Flock Romneys fetched to Signs Leioestera and Shropshire* were oniy v fail- demand, WOOL SALES Prose Association INVERCARGILL. February 2L The final wool sales Ware held to-dayi when 4682 bales were catalogued. Practioatly no super stuff came torwax(hand the Quality all round was not high-From the commencement to the end bidding was brisk, a keenness being evidew throughout. The sale M said to be about the tot that has ever been held in lnvefoargill. Prices were from Id to lsd all round better than at sato. and quite on a par with the laaoee that ruled at Dunedin at tha-Jxgmmng o| the week. ’ ' . WELLINGTON CUSTOMS The Customs rewane received at Wek lington yesterday totalled £4330 2s 7d*

Bayers Seller*. Bales. £ B. d. £ a. d. £ s. d. BANKS— Now Zealand ... 11 2 0 “ FINANCIAL— Bqnitablo Building 915 Co.. Ltd. ... — H.Z. and ii. Plate 2 0 Land, Ltd. ... — "" GAB7 10 0* Ohristohiirdh, £5 7 ID 0 7 12 6 tending — 1 0 3 “ Insurance— New Zealand _ 5 4 6 — MEAT - Christchurch Heat 15 10 Go. — 0 2 16 6* port, £2 12a 6d — — SHIPPING— 16 S 0‘ N.Z. Shipping Co. IS 6 0 —- Union Steamship — 2 11 3 — MANUFACTURING— Kalapoi Woollen — 5 6 0 ♦ - We'llntfton Wool’n. ordinary 5 12 0 Coal— Taupixa. , i s 0 — Miscellaneous— Golden Bay Cement Co. _ — 1 0 3 N.Z. Portland Oement — — 1 0 0 — ftbarland mad Oo., Ltd., ordinary — Whitoombe and 1 1 0 Bombs, Ltd, — 6 8 0 6 7 6* •Be ported.

Note Issue £55,101,000 Gov. debt Other so* curltica Gold £11,016,000 7,434,000 S6.65-.000 £56,101,000 £55,101,000 Banking Departkkn* . Proprietors* capital . • £14,653,000 Public deposits .. 23,540,000 Other deposits ,.. 37,676,000 Best. 7-day and other bills .. 8,697,000 Gov. secorties Other securities .. Notes Coin £13,035,000 87,957,000 27^18^000' 1,061,000 £79 366,000 £79.366.000 The leading Items ot the Bank ol England return afford the following comparisons: This week. Last week. Last_year Bunion .. 86, eta,ooo 35,994,000 ss.ms.ooo Eeserve .. 23,3,‘4,000 27,1'0,000 30,8.0,000 Note ciroTn 27,185,000 27,68 ,000 27,675,000 Depoaita .. 00.585,000 63.010,000 Proportion ol liabilities 46.32 54.81 48.54

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Crates Pores cheese. butter. Auckland 626 H,H1H New Plymouth Patea 5,310 „.. 5,970 8,376 1,615 Wanganui — Wellington —— 152 5,633 814 8,21b Lyttelton — —' 2.J.76 Dunedin ....... — 37^63