COMMERCIAL.

Gisborne Times, Volume XXXV, Issue 3839, 23 May 1913, Page 2

COMMERCIAL.

STOCKS AND SHARES AUCKLAND EXCH*XGE. [37 TELEGRAPH—SPECIAL CORRESPONDENT] AUCKLAND, May ‘22. Sales: Waihi, 365, 36s 3d, 3Gs; Junctions, 17s Gel, 17s Id; Occidental, 10 id. Folowing are the closing prices:—

WELLINGTON PRICES. WELLINGTON, May ‘22. Mr A. T. Bates (Mr W. Lissaut Clayton, local agent) reports: Sales : Talisman, 395. "Following are the closing quotations •

LONDON WHEAT MARKETS. iVSitVT.Ii PttEHS ASSOCIATION—COPYRIGHT' (Received May 22, 8.10 p.m.) / LONDON, May 21. Wheat —The American visible supply is 74,175,000 bushels. Official quotations fior South Australian, Victorian and Now' South Wales are unchanged; Liverpool, on spot, 91s ; car passage, 87s O^d. SYDNEY WOOL SALES. fUNITED PRESS ASSOCIATION —COPYRIGIIT] SYDNEY, May 22. At the wool sales the markot showed groat buoyancy. Competition was keen. Greasv reached 13d, scoured 253 d, the highest in Sydney since 1907-8,. LONDON TALLOW SALES. nxOTian eaiisn association —oopyrtokt LONDON, May 21. At the tallow sales 2280 casks wore offered and 1523 sold. Mutton, fine, brought 39b 6d, medium 34s Gd; beef, fine, brought 388, medium 345. N.Z. DRUGS. , [PRESS ASSOCIATION TECEGEAM.I DUNEDIN, May 22. Messrs Kempthorno Prosser and Oo.s New Zealand Drug Co.’s new issue of 35,000 shares has been oversubscribed. WRIGHT, STEPHENSON AND CO. (PaBSS ASSOCIATION TEI.EGBAMI DUNEDIN, May 22. Tho seventh annual meeting of shareholders in Messrs Wright, Stephenson and Co. was hold to-day. The profits for tho year were £31,211 14s 6d, which, added to tlie amount carried forward last year, gave a total of '£48,720 7s 9d for disposal. A dividend of 7 per cent, was declared, £7500 was added to the reserve (making it; £32,500), and £20,605 18s 3d

was' carried forward. Tho retiring director (Mr J. A. Johnstone)was reelected, .and the following additions wore made to the lb arc!M-osors J). Allan (Dunedini. P. 0. Gray (G-ore), J. T. Martin (Ohrisb-hurch), and J. T. F. Mitchell (Invercargill): .

THE WAIHI MINE. [PRESS ASSOCIATION TF.I/ro(RAM.. "WAIHI. May 22. - As c f, iif>idcvab! ■ inrere.-'t attaches to devel-'.panont w- r’ks at the bottom h. vol of tho Waihi mi no,, a Freer Association representative sought an interview to-day with, the- superintendent (Mr. Barry) w/itb regard to the matter. The first question put was in connection with the water in No. 4 shaft. “Probably,” sad Mr. Barry: “the water tapped is connected with the reef system, and until No. 5 shaft—where main pump in o- is done—is slink to the required depth, the water v/i'l remain in No. 4 shaft. The necessary sinking, etr., will occupy some months. Meanwhile development work at No. 10 level is progressing, just-as it was prior to the invasion of the water into No. 4 .shaft. It makes not the slightest difference to the progress on the reefs at No. 10. The water has only stopped for the t ine being the further sinking of No. 4 shaft. Tho principal work in hand at No. 10 level is driving east and west on tho Empire and Royal lodes respectively. Driving on the new reel at this' level is also in progress.” Referring to No. 2 shaft, Mr- Barry said tlie shaft was down to water level, and this was as far as tiny intended sinking it. Thev were op.ming out at No. level at this shaft with the intention of driving for the Edward lode, and the lode would be first intersected from this point. Referring to tho installation v.f, an electric power plant at Ho rah •ra and the progress of the transmission lines, Mr. Harry said that the date of completion could not be determined.

1VX *•' Sellers. Buy ers. Waihi ... 36 3 35 9 Junctions - ... ... 17 6 17 4 Talisman ... 39 3 38 9 W aiotahi 1 10 1 9 Waitaiigi 0 6 0 4 Watchman ... 1 8 1 6 Saxon 0 4 0 31 Ross ... 5 5 5 3" Now Waitaia 1 1 0 9

Buyers. Sellers. Banks —- National (new) 99 0 Trust 112 6 - Gas— Christchurch 147 G Wellington (1st) ... Miscellaneous— 818 101 0 0 N.Z. Insurance — S. British Inco. ... 73 9 — Christchurch Moat 305 0 23~ 0 Westport Coal ... Ward and Co. 99 0 Manning and Co. ... 82 0 — Mining— Sylvia 0 8 — 6 Ross 5 3 5 Talisman 39 0 39 3 Waihi 36 0 36 9 Junction 71 3 17 9 Waitangi Watchman ... ... 0 ]. 3 6 —