TODAY’S QUOTATIONS

Sun (Auckland), Volume III, Issue 747, 21 August 1929, Page 10

TODAY’S QUOTATIONS

TAUMARUNUI STOCK SALE (From Our Own Correspondent) TAUMARUNUI, Tuesday. Heavy neither throughout the district pltected the yarding at the fortnightly t*ale today, but there was a big attendance of farmers. Cattle and pigs were hard to quit, but sheep maintained the prevailing rates. Prices ranged:— Sheep —Ewes in lamb to Romney rams parsed in at 22s 6d (reserve 2Ss): ewe hoggets, 25s Sd to 25s lOd; wether hoggets, 21s 9d. Cattle.—Good lines of fat bullocks were passed in. Fat steers, £9 4s; store steers, £4 17s to £5 16s: cows in calf, £. bs: poor-conditioned cows, £0 ISs to £4: yearling heifers, £3 2s 6d; dairy cows, £1 15s to £S ss: Jersey cows, £6 —Weaners, 10s 6d: slips, 20s. MINING NEWS OHINfcMURI GOLD AND SILVER. The manager reports:—“ln the north sectjon on the Xo. 4 level the drive south on the main reef has been extended 54 feet, total distance south of Xo. 1 winze 250 feet. This drive is approaching the northern end of the chute north and south of the main crosscut. The drive on the Silver Queen lode is along 235 feet in good ere. On the Xo. 3 level a drive has been commenced on a reef 40 feet wide, which was exposed by the main crosscut at a point 130 feet west of the Camoola lode. This reef may be identical with the southern portion of the Silver Queen at this level and, to ascertain this, exploralory work is now being undertaken. In ihe south section on Xo. 3 level the drive has been advanced 15 feet, a total of ::i*6 feet south of the main rise. The main reef should be exposed during the next 15 feet. The stope south of C crosscut on Camoola reef has been carried along from 80 to 104 feet in ore of good grade. Further sloping will be commenced immediately in the south section north and south of Xo. 1 rise. The tramway connections between the mine and mill are practically complete and in readiness for the transport of ore. The erection of plant at the mill is within measurable distance of completion, and it is hoped to commence crushing during next month.” WAIOMO SULPHIDE CORP.—The manager reports:—“During the period ended August 17 the rise from the Xo. 3 to Xo. 2 level was extended from 89 to 121 feet. A connection with the Xo. 2 level should be effected in another 10 feet of rising. This will facilitate the transport of ore from the upper levels and provide adequate ventilation for all workings. A connection with the intermediate level between Xo. 2 and Xo. 3 level will now' be possible. The work of installing the airpipe connection between the power plant at the mill and the mine, a distance of 3.150 feet, will be completed during the ensuing week. Contracts will then be let Jn pursuance of a vigorous development policy. At the mill steady progress is being made. The building has been comPie ted, together with all foundations and the installation of the oil flotation plant is now being undertaken.”

WELLINGTON WOOL SALE FINAL FOR SEASON PRICES MUCH LOWER (From Our Resident Reporter) WELLINGTON, Tuesday. Prices at the final clearing-up wool sale of the season, held in Wellington today, showed a considerable decline on the prices at the crutching sale held in June last. Approximately 2,000 bales were offered, but as growers were mostly all prepared to meet the market, good clearances were made. The most severe depreciation took place in super and medium lines of both crossbred and halfbred sorts. Seedy and inferior parcels commanded a wider range of competition, mostly from local scourers, and these wools did not show the same heavy depreciation as the better sort. It was apparent from the commencement of the sale that only very limited orders were held by Canadian and Japanese buyers. The Bradford trade is never looked to as a keen competitor for crutchings, as this class is not used in the English trade for any specialty purpose. whereas both Japan and Canada have a special outlet for this class of wool. The following is the range of prices:— d d Merino crutchings .... 7 to 8 Halfbred crutchings .. 6J to 105 Crossbred crutchings— Super .. 10 to 12 Medium to good .. .. 8 to 10 Crutchings, seedy and inferior 4 to 8 Crossbred pieces and bellies 6£ to 95 Locks and stained pieces 4 to 6 LONDON METAL MARKETS ('Australian and N.Z. Press Association) LOXDOX, Monday. (Quotations on August 12 in parentheses.) Copper.—Spot, £74 3s lid (£73 13s 9d). Electrolytic Copper.—Spot, £S4 5s (£B4 ss); three months, £B4 15s (£B4 15s). Wire Bars. — £B4 15s (£B4 15s). Lead.—Spot, £22 16s 10Jd (£23 3s 9d); three months, £23 2s 6d (£23 2s 6d). Spelter.—Spot, £25 Is 3d (£24 10s); three months, (£24 15s). Tin.—Spot, £2lO 11s 3d (£209 3s 9d); three months, £214 18s 9d (£213 11s 3d). Silver.—Standard, 24 5-16 d (24 1-Sd) an ounce; fine, 26Jd (26 1-Sd). r CHICAGO WHEAT MARKET (Australian and N.Z. Press Association) Reed. 9.5 a.m. CHICAGO, Tuesday. Wheat.—September. 1 dollar 275 cents a bushel; December, 1 dollar 46 1-S cents; March, 1 dollar 511 cents.

Closing quotations at today** mid-day - Buyers. Sellers. £ s. d. U s d BANKSAusf. r»f Commerr e 1 15 5 1 16 6 Rank of Australasia 14 7 0 Com. of Australia 1 9 1 9 6 Ditto (con.) .. . 0 19 Ditto (pref.) . 4 ling.. Scot. Ar Aust. S 7 0 s 9 n -National of N.Z. . 6 IS 6 7 0 0 -Nat. of Australasi 19 IK 0 Ditto (con.) .. . 9 16 0 New South Wales. 51 15 0 0 0 .New Zealand 0 9 Ditto, D mort. . i X i.nion of Australia 15 1 0 15 4 0 INSURANCE— A PA 0 14 3 National .. .. .. 0 IK New Zealand - . 7 9 X K Queensland .. .. . 5 ;> ;; 4 South British •. . 3 7 0 3 s 0 LOAN AND AGENCY— Abraham &> William* (pref.) .. .. . X 0 Dalgety and < ’o. . 15 0 Farmers’ Co-op. Auc. 3 11 0 Ditto (B pref.) 0 17 1) 0 IX 0 « loldsbrough, Mort { X 9 Newton King (pref. 0 11 0 0 15 0 !N .Z. & River Plate 1 10 fi 1 11 9 -N. Z. Guar. Corp.. 0 9 0 124 0 0 : 30 0 0 Ditto (pref.) .. . SO 0 0 N. Auck. Farmers i'o-op. (ord.) . n 10 0 4 Ditto (B pref.) . 0 11 0 0 15 COAL— Hikuranei .. .. 1 Ditto <pref.) .. 0 4 0 — Ditto (A pref.) 0 0 Pukcmiro IK 0 Renown IK 1) 0 17 0 Ditto (pref.) .. 0 0 0 Taupiri 1 9 11 Ditto (pref.) .. l 9 Ditto (lights) o H 0 0 8 K Waipa 0 14 M'estport-Stockton (pref.) .. .. .. . 4 0 0 4 10 GAS— Auckland . . .. . 1 4 1 1 4 5 Ditto (conj .. . o i; s Gisborne .. .. . 12 3 — SHIPPING— Devonport Steam . 1 2 0 Huddart-Parker • 2 9 6 9 Ditto (pref.) .. . . 1 i 0 Northern Steam 0 14 0 0 14 6 Ditto (con.) .. . 0 K 4 0 6 9 r. and O. (def stk) 2 15 0 0 0 Union Steam (prel.) 1 0 0 — TIMBER— Kauri 0 17 6 0 IS 5 L ey land-O’ Brier. 1 11 National 7 6 0 9 0 Farker-Lamb • — 0 17 9 WOOLLEN— Kaiapoi .. .. •• . o 1.2 10 — Ditto (con.) .. 0 4 Ditto (pref.) .. . 0 15 0 0 17 6 BREWERIES— * ’ L. Tnnes (pref.) 1 0 0 N.Z. Breweries .. . 4 4 0 4 4 9

call were:— Buyer*. S ell era. MISCELLANEOUS— Anthony Hordern . 1 5 3 l 7 0 Auek. Amuse. Park <* Ditto (pref.) .. .. 0 12 0 A. .1. En trican (pref.) l 0 0 Ditto (ord.) .. .. 0 17 0 Booth. Macdonald <ord.) 0 2 0 British Tobacco 3 0 8 Bycroft. Ltd l is 0 1 15 H Colonial Sugar . .. 57 0 0 12 6 Dominion Picture* . 1 0 6 Ditto (pref.) .. .. 1 0 fi Donaghy's Rone 1 14 6 Electrolytic Zinc 1 19 0 0 Farmers’ Trading . 0 9 0 9 9 Ditto (A pref.) .. 0 17 0 Ditto (B pref.) .. 0 14 ft 0 15 6 Orev and Menzies .. 0 11 0 13 6 Hayward’s Pictures 0 39 9 H.M. Arcade Cpref.) 1 1 0 Lewis Kady (ord.). 1 0 Ditto (pref.) .. .. 0 18 6 1 0 0 Milne and Choyce (deb. stock) .. .. 1 f 6 1 6 9 Morris Hedstrom 1 !> 1 o 0 Ditto (pref.) .. .. 0 18 N.Z. Farmers’ Fert. 1 3 6 Robinson Ice Cream 1 Sharland and Co. ,, 1 1 6 Ditto (pref.) .. .. 1 1 6 Taranaki Oilfields .. 0 4 0 0 4 a Thames Theatre .. 0 11 fi 0 1 0 Union Oil 2 0 5 0 Whit tome-Stevenson 10 0 Wilsons Cement .. 2 4 6 2 4 9 MINING— Alburnia 0 1 2 0 2 0 Moanataiari (paid) . 0 4' 0 1 1 Ditto (con.) .. .. 0 0 t 0 0 5 Lucky Shot (4s pd.) 0 1 0 0 1 10 Ditto (con.) .. .. 0 0 4 0 1 0 Mt. Welcome (pd.) 0 0 1 Ohinemuri (ord.) 0 10 Waihi ft 12 1 0 12 Waihi Grand June. . ft 1 0 0 1 4 Mount Lyell 5 (1 Kuala Kampar Tin . 0 13 6 0 14 0 DEBENTURES — Auckland Gas, 1923, 5 96 0 0 Auckland liar. Cd., 99 0 0 Ditto, 52 p.c 101 0 0 City of Auckland, 1940, 5* p.c 99 0 0 Ditto, 1936, 51 p.c. 0 0 Ditto, 1943, 52 p c. 101 0 0 Bor. Nit. Eden, 6.. 104 10 0 N.Z. Breweries.. .. 1 8 1 1 S 5 Gisborne Sheepfarmers .. .. . - GOVERNMENT BONDS— War Loan, 193S, 42 100 0 0 100 10 0 Ditto, 1939. 4-2 p.c. 100 0 0 .— Ditto, 1941, 42 p.c. 100 0 — Ditto. 1933, 51 p.c. 99 10 Ditto, 1933, 52 p.c. 101 7 101 Ditto, 1936. Si p.c. 101 5 0 — INSCRIBED STOCK 100 10 0 Ditto, 1939, 42 p.c. 100 0 Ditto. 1927-41, 5i 99 10 0 Ditto, 1933, 51 p.c. 99 10 — 101 Ditto, 1936, Si p.c. 101 —