COMMERCIAL ITEMS.

Dominion, Volume 3, Issue 630, 6 October 1909, Page 10

COMMERCIAL ITEMS.

INTCSTMENT, SHARES '. The sales recorded yesterday were New Zealand Insurance at' £3 17s. 3d., and Wellington Woollen, at £3 Is. ■ Thoro. wero .vory.-fow quotations. National Bank, sellers. £6 Is.; Wellington Investment, buyers lis. 3d., sellers lis. 6d.; Yr'ollington Trust and Loan,. sellers. £7 . 2s. 6d.; Palmerston North Gas,-sollerß £7 15s;; Now, Zealand Shipping, buyers £7 2s. 6d.; New Zealand Consolidated Dental, sellers £1 '55.; New Zealand Papor Mills, buyers'£l 2s. 6d.;.Taranaki Petroleum, buyers 7s. 9d., ;6ellcrs \Bs. 6d.'. V. ■ V : , .-

.. -FEENOH; SHIPPING TAX.' The law of 1907, which requires that all foreign ves'sols arriving, at French ports, must pass an'inspection once a month'before departure, is now-to be enforced. Tho cost of this will add considerably to ;running expenses, each visit Jbeing charged at the rate of 20 francs'for liners and other steamers which undertako on international service, and 10, francs for' those .navigating in Fronch;waters.. In addition to these.'inspections before' sailing, a detailed examination is to be .made, by a Nautical. Commissioner once a year, for which pUrpdso 6teamers:.aro' : requircd to pay 5 cents per ton gross, but ah. exception is'made in tho case of "vessels that are classed 100. Al, in Lloyd's Eegistcr or in a registration society of. equal standing. ~Furthermore,. "denunciations," signed by at least three members of tho crew, make it. compulsory for tho In-, spector of Navigation Jat each'port .to, ascertain on board immediately the cause of ..a complaint, following which ho is at liberty to delay or to prevent entirely the sailing of a ship, whatever bo her flag.. l This decision .is subject to appeal, during * the consideration of—which shipowners, chiefly British, will have to pay heavily for detention.

, V; .TEANSVAAL'S MINOR PRODUCTS._.'.'■ . Tho gold production of the, Transvaal bulks large in tho minds of the people because of tho very substantial annual increase, but the;yellow metal is not-tho only' product- of importance in the' Transvaal. Statistics show : ,that, i though a long ; way behind, diamonds rank- second .to'' gold, and next comes coal. During the- twelve months onded Juno last carats of diamonds .were produced, the value' of'this output being £1,295,596.' This total compares. with £1,879,551 for tho I preceding year,; and with' tho record of £2,203,611 established in 1906-7. Tho output of coal in the; year . ended Juno last Was just over 4J million tons, and the total value realised at tho : pit's.month was £851,110.. The tonnage is the largest recorded, • but the valno realised docs not constitute a new, record. The output of inctals and minorais'(other than gold, coal, and diamonds)',,during. tho last .statistical...year is valued at £328,000; -as against £218,920 for 1907-8, tin ore being principal item.

Messrs. Henry..Olewsarid Ob'.', writing from New York' tinder"date August T, "slate:—"ln 'the industrial field signs of recuperation continue to multiply. As Enid in 'provjous advices, the volume, of production': in most industries Ms not yet equal to : that existing before'.the .panic;, yet the tendency is. towards a steady, increase of output, and''fortunately there is-a ibrisk domand for all. the products of our millß, both present and prospective. The iron industry continues very nctivo, thero. being, a rush of orders for nearly all classes of steel products; while the pig-iron output,, which last month was at the rate, of 25,500,000 tons.- is rapidly, approaching 'record-breaking -7 proportions.'. Tho cotton industry: continues qulto active, ''though somewhat handicapped by the high price of•'the raw rnatorial. There is, however, an, entire absence of over-supply, and a brisk domand for cotton goods.iS'ifcported -in. .all;, of the Western mar-. Rots. .The only branch' of this 'important s dustry at present suffering is the:export trade, which naturally feels the effect of high prices. In the woollen business thero is .much activity! the mills'are, well'sold up and prices -dre,. firm, largely. owing<.to<-t.ho..adyanc6,'apd., activity, in wool, which is comparatively scarce. Only bue important market has lagged ."behind, and that has been copper. Tho domestic demand for this article is now .improving l in'common with other metals, and bettor prices would have been realised no doubt were it not for tho fact that production is still .increasing faster than consumption and running at record-breaking fig. ures. Mercantile -prospects are..excellent,- and business men generally,are not only anticipating a good fall trade,'=but 'are makiug.'prcpa'ratione accordingly."

Customs revenue collected at'-'Wellington (yesterday amounted.to £4670 12s. 6d. ■■~'..:..-. ~ . :- WHEAT AND FLOUR. • (By Telegraph-PreSß ;Ass6ciation-Copyrißht.) . London; October 4. ■ The' wheat and , flour afloat for . the United Klncdom is 1.290.CC0 duartors;: and for. the' Continent 1,645,000 Quarters. Atlantic shipments, 275,000. quarters; ; Pacific,, ;30,0G0.. ; , ....■-■.,-,-. ~ • -PBIGES.'-OF -METALS. " '■'..;'■■'■ (By'Toleßripli'l-Pfcsj. /ls.iucliulim.-Ci)Djr!ehl.l . (Hoc. October' 5, 10!5 p.m:); _ -.'' ';;. 1 . ' Londohi ; October''s."'" , Copper.-—The-market is dull of sale' owing to statistics Bhowing an increase in stocks.- On ,tho spot, .£SB ..13s. 9d.;., three months, £59.185. ?d;i electrolytic, £60 75."- 6d. per- ton.' 'Tin.MJn the spot, £139 2s. 6d;-; threo months, £140 ss. per ton: ■-, . -Bar-silver is quoted at 23 H-16d.-' per ounce standard. -.--.•■■ •',' '...'■' .SILVEP,.,.;.-. . '.'.,.;•'■ '. (By Telegraph-Press',Association-Cgpyri»ht.) ■:- •' ■ " . "'.' . London,' October 4. :.-Bar silver is quoted at 23 11-16 d. per ounce standard.' \ CIS3ORNE SKEEPFAnHEKS' FROZEN MEAT ■ • ~'■;.•-.-r. co.mpahy.: ■'.;.:• . Illy. Tclccraiih'.-l'resa-Association.! '.;'.'.

->-"•" "; v;. i'v- Cisborno, October 5. , • The annual report of. the ..Gisborno 3hccpfaTaiors' Frozen Hcst Company'-chowed a profit for the year of £28,925, in addition, to which concessions upon produce brought to the works have been, allowed amounting to £2513. The 6tocl: treated during the year numbered: Sheep, 2«,t00j cattle, 7809 i calves, 244. " ' ;.' •T , MININQ, NEWS. .. ':;• ' " 'WELLINGTON IUNING lIAEKET. A very, fair business was. done yesterday, but prices, except in a few instances, were weak. Talismans found ready buyers at £2.105.- 6d. to £2 lis., and they show a strong disposition to.advance.,- Yesterday's salc3 were as under:— ~!■ Dixon Consolidated (paid), la. 2d. (first call). ■Dixon Consolidated (con.), 12Jd., and Ib. Id. (first call). • •■ . May Queen, 'ss. Id. (third call); ' New Sylvia, 6s. Id., sb. 3d. (first call), sb. 4d. (sscond call). Talisman, £2-10s. 9d., £2 10s. '9(1. (second call). £2 10s. 9d., £2 10s. 6d., £2 lis. (third-call).. " i" Wttihi Grand Junction,- £2 10s. 6d., (second call). .-' «'- - QUOTATIONS. '' '■ The latect quotations,, with the last recorded sales, were as under:— - - •... •'■,'.'..' ... Bayers. ' Sellers. Sales. £ s. d. £ s.'d. • £ s. d Dixon Consolidated (paid) — 0 1 3' 0 l' 2 Dixon Consolidated con.) — , 0 11 Oil Golden.; Belt .....'.,;..." 0, l; 0 - -' Koniata .Beefs 0 0 61 0 0 B'—Kuranui 0 0 11 0 12 _' Kuranui Caledonian ... 0 1 6 0 17' — ' May- Queen 0 5 1 0 6 3 0 5-1 Maorilr.nd Oil 012 — Mountain King.(paid)... 0 1 3 .-.—.. ■— ■• New Sylvia-....:..;.„: .-' 0 5 "3 ; 0 5 0 0 54 Pride of Wnihi - - 0 1' 0 ' - Belianco ..." — 0 0 5, - Royal Oak ..........-0 210 — ■•-_.' Suxon - :. 0 1 7J . 0 1 8 -' . I Taii-ua Broken Hills :.. : 0 2 3 • — _■ ' ' Ttfirua Golden-Hills ... 0 6 0-.'- _ I Talisman ...2 10 6 2 11 0 2 11'0 Tatijlcro ...;... — 0 0 7 — Victoria ' ;...... 0 16 0 18 — Waihi — 915 0 — ■• Waibj Consolidated ... 0 5 4 0 5 .6 — Waihi Grand Junction — . 210 6 210 6 Wnlotahi' - 0 5 6 - Waitangi .'...;.. .0-3' 8 o'3 11 ' —- Watchman : .'...;.......'.' 0 2 10' 0 3 0 —■" Blackwater - ■ 1 6 3- — '_ Coh: Qoldflelds ...;. ..'Ol9 9 .—..■■ _-'. New :Alpinc (paid) 0 3 0 —,'._' Now Alpino (con.) 0 3 0 — _ . Prosrcss " ..........v..;...'.;..: 0 13 0' —, -iItof.s Goldflclds ....;.... — 013 0 — . The Wellington' Stock Kxchnnge received the following tolce,ramn yesterday :— ■ ,From the Consolidated .Goldflclds:—VProirrcFs' crushed 3114 tons', yiolding £4067; cyanided,. 2665 tons; £884; estimated .profit, from sulphurets ,'£6l4.' ..Wealth .of,.Nationn. 1400 . tons, yieldin" £1918; tailings, 830 tons, £523. ' Blackwater, 3125 tons, • yielding £6774; cyanided, 2485. tons, for £889." - From thb New - Bic Hirer Gold Jlining Company;—" New Big, Elver. September return: Battery, 540 tons, crushed , for 647 ounces 19dwt. melted gold, and 63 ounces Bdwt. bullion from cranlde treatment;: total "value, about £2625,".,,

THE CALL LIST. ,'- £ s.d. .Due. . , Golden Belt, September 13 ;.;.....'..' 0 D 1.,.N0w Kapanga, September 13..;......; i 0 0 2 Now • May Queen, September l 3 0 0 1 Now Victoria, September 2 0 0 V Oct. 6 Wnihi Beach, September 16 0 0 1 Oct. 7 Waitangi Ooneolidatcd, Sept. £8001 Oct.-11 ' Old Hauraki, Soptembor 29 0 0 1 Oct. 13 Waihi Extended, September 27... 0 0 3 Oct. 10 . May Queen Extended, Sept. 17 0.0 01 N0v.23 STOCK EXCHANGE. IBs Telecraph.—Prcas Aasnclalton.l Auckland, October 5. The following business was transacted at the first call to-day:— Dixon's Consolidated (paid), Is. (con.), lid. and lOd. •■■'■•-. Monowai, Is. lOd. May Queen, ss. 2d. ■ Sylvia,- se. 3d. '. . Alburnia (paid), 2s. 4d„ 2s. 3d. Point Russell, lCd. Saxon, Is. 6d. ' Waiotahi, 53. 4d., ss. sd. Watchman, 25.-10 d. - ' ' - Blackw'ater,,263.9d.) Four-in-Hand, Is. 2d. ltoynl Oak' ,(con.), 2s. 9d. . ~ ... '~■.'.. Golden Belt (paid), Is. Id., Is. 2d. Maoriland, Is. 2d. Grand Junction, 51s.'3d; . Mountain King (con.), Is. Id. Kauri Timber (con.), 15s. lOd. i Tho following business was done at tho after, noon call to-day:— May Queen, 53. Id., ss. 2d., ss. Id. New. Sylvia, ss. 5d., ss. 6d., ss. 7d. Occidental, 5Jd. Saxon, Is. Bd., Is. 7d. Victoria, Is. 10d.. 25., Is. lid., Ib. lOd. . Waitangi Consolidated,-3s. Bd. Watchman, 2s. 10d. Consolidated'Goldflelds, ,20s. 6d. Ponr-in-Hand,' Is:. 2d'.' - ■ • Old Hauraki, 25.'4 d., 2s. 5d., 2s. 6d. • ■ . Boyal Oak (con.), 3s. Id., 3s. Moewai, 2d. ' - • . Glamorgan, 55d. , ■; ."■. Golder. Hill (paid up), Is. 2d., Is. Id. Tairua Broken -Hills,-2s. 3d. Tairua Golden Hills, 6s. 9d. , .- Talisman Consolidated, 51s. 9d., 525. Waihi, 1965. ■ '. '•' ' Waihi'.Extended, -ss. Id., ss. 2d: • Waihi Grand Junctions, 50s. 9d., 50s. 6d. Mountain King (con.), lid. Handsworth, la. ld< --•_". .; . . Maoriland, Is. 3d. ' < Waiotahi, ss. 6d. ■ ■ ' • Dunodln, October 5. Stock Exchange' sales:— . .;.'.. Eise and Shine, 355. . Talisman,'sos.' 9d.',. 51s. ■...•• Waihi Consolidated, ss. lid. . , , Tairua Broken Hills, 2s. 2d.' Sales reported:— .- ■ , \ Sa.xon,. Is. 6d. . -'.' . ■ ' ..-.'. .

Talisman'copper, J |ts.' 6d; ' ■■ -. Waihi Grand Junction, 50s. 6d., 5Cb. 9d., 50s. , Blackwater Reefs, <6s. 9d. , . New Zealand Drug, <6s. ; .■ • Talisman, 50s. 9d. • ■ • -.Waihi Extended. ss. . :' , MINING NOTES. '~ Waiotahi—During the month of September the Waiotahi Gold ;Mining Oompany crushed and . treated 142 tons of quartz and 271b. of picked stone'.for a return of 3580 i:. 17dwt.\ of gold, "valued at £981 Us. 2d. This represents an increase of £76 18s. 2d. upon tho roturn for thoprevious month, during which 130 tons'of quartz and 331b. of picked stone were treated. In the corresponding mbnth of the last year -205 tons of quartz yielded £782 18s. 9d.;. compared with which-tho present return shows'an. increase-of £193 12s. sd. The September roturn brings the. total amount won from tho mine to dato up to £662,443 lis. Id., as shown in tho following To December. 1904'..;:..". ..!'......'„ „£193.079' 6 8 In 1905 : '. ■ 73.918 .9.1 In 19C6 .'!..;.;....;.: .'. 223,673 4 3 In : 1907 :.......:-. 149.820 12 0 In 1908 .; .....'. 14,670 0 6 Total ............; '„!...'„ £655,166 12 6 January 30, 1909, ICB tons,' 24102.-'-' 18dwt :....: £661 6 8 Fobruary-28,-,-1909,' 107 tons,,. 281 or. ,_•■ 7dwt. . .:.:L...'...i...:.:~..':u;;..:'..i..'..:...: ; :. 745 15 .0 March 31, 1909, .'ll .tons. ..;.......'; :.\--'--;WI 3 6 April 30, 19C9, 96 tons,'-2550z. 7dwt. 697 5 0 May 31; 1909. 110 tons, 3040z. 17dwt. "820 3,0 Juno 30, 1909, 114 -tons, 2840z., , 775 1? 0 July 31, 1909, 135 tons and picked' - stone,-1-3470Z. , 16dwt. -. -..-: v 963 .2:3 August 31.-130 tons, 331b. picked. '~ : stoner-'33005. 7dwt:'. ;..■'.. ;;. v ..:.-.;.'.:..•.'.:.'; -904 13 ,0 September 30, 1909. 142 t0n5,.271b. . ' picked stone, 3580z. 17dwt;. '. ( ..'.:;...>"""'98111-:2 ;• Total ;to date ■•; 1 ' Total' dividends'paid:«.;.;.i.V;;£4HO,Boo ;o.'o Tairua Broken ,Hill;-Tho. southern ■ has beea advanced 9 feet,. making 207 leet in. U'ne reef fovmation .haa-Deen .passed tnrougn, "and firm and olocKy country of a gbba aescriplion is in evidence in tho face. A quartz, and pug leader 6 inches wide was intersected in the last lew tcet, out was of low. value. A, contract, has bcen'let to. drlv^'anoVstope-;the'western.'re'cf southwards. 'Tho reef, now on its -original bourse,'carries a weil-dehned,hangingwall, and is'about 2 feet wide in tno present lace, giving fair dish prospects and.assayß from some of tne ribs; From tub stopeon No.'l rcef : a lair. ton-, page of wash dirt is,being obtained; Ihe reef,in tno .top stope. being, 2.'.feet';,wide.. M ., -'-■'■„•

WaitaEEi 1 Cpnsolidated.-Operaliohs: ,in the western..section..of the low .level, havg been •' directed during the past week to taking akmg tho third 6tope cast, and'west of'the rise. The east end of the liso has been taken along 8 foot, and a width of 4 feet. .The ore bronen out carries some good minerals, and showed colours of,free, gold., 'JL'hb'footwall portion which showod'.the'good- iriiue'ral. had -yet/to'bo 1 , broken oat. ■ The western cud has- been extended 4 feet,' with an -average, width'.of B. feet. The footwall Sortion of the reef there still carries a nico and of mineral and showed some good strong dabs of, gold. At No.. 2: level• the, .contractors havo•extended tho eastern' drive 11 feet. The men on September 27 were engaged in breaking oat about 18 inches of the hangingwall portion 'of; the reef. The .ore. looks, well, and carries some nico 'veins of good mineral.'and''l'zinc: blcndo:-;/»;,. .--.; :;;.•,•,-;•,■;/; ' n.-r; Koraata- Eeefs.-Tho mine superintendent! in Sis ' report for. the four weeks" 'ended'August'7 states>that tho ; No; 2-reef;at No. 8 level is small and poor; also'atthe No. 6 level. At No. 5 level the rise in-No. 1 reef is nearly up; to, the winze. Tho roef is .three feet. wide, .and' worth Vs. per ton. No.' 2. reef, same level, is stili small. In the winze tho' reef has widened out to 6 feet, and, is. worth £1 3s. per ton. At 'Nd; 4 level .Wo.-' 2 'reef is .small and' Worth £I'per ton. In tho slopes-No. 2.reef at No, 6 level is - 6'fect 6 inches in width, and-worth £3 lus.-pcr ton: No. 2 reef at N0..5 level is in 6 feet in width, and worth £2 15s. Tho reef in these stopes looks very good. No. 1 reof, ; at No. level, is 4 feet wide, and worth £2 10s. per .ton,. No. 2 reef, same level; is 7 feet wide,'and'worth £2 10s.'por ton. This part is looking very .well, at present. In 'No., 3 level, No. ?, reef is 4 feel. 6 inches, in width, and worth £2 10s. per ton. The stopes.'require a lot'-of sorting to..maintain the value." ■■-..•■ Handsworth United.—On September 27 tho men fired in tho aouth_,faco of iio. low level; and about lib. of specimen stono - was obtained. There was a leader showing in' tho floor of the drivo (just the toe), and a few holes were put in on tho east wall to. see what - it was, • tho result being that a vertical lead was discovered coming into tho ,'ono'. underlying west;-and where it functioned it made tho stone. The drive ■ is getting up .towards where tho winze will connect, but-tho, rich run will ■ bo about 40feet ahead.yet, as .it isvdipping-very ■flat:.. However, I think it. very likely to get good dirt long before we get up to the specimen.run.. The stone is the'.biggest yet obtained; apdis from a separate' leader to that 'from'; which Btone was obtained about two weeks ago in the samo-facc. - . ! Mountain Queeni—A manager has been ap. pointed, and work has been >i'.rted. Tho Mountain King and tho .New Waitaio,''. reef system, traverses.the centre'of this property, and good results should/bo .'i Tairua Monarch Consolidated.—Tho Mow level, has been oxtended to' 061 .feet; a favourable class of country is being met with. Tho drivenorth on thOireef.has been extended to 40 feet; owing to the reef having taken a sharp turn to tho right, only, -about ;ono.-.foot of the -reef; is being taken' with tho drive. ; No. 1 level'has been. extended to" 217 feet, ■ and the country - being penetrated is of'a' good description. The drive on the reef has been continued; the reef shows a width of 18 inches; a. good deal-of silica is intermixed with tho - quartz. Bluff level: The reef has been stripped for 6 feet. Waihi Beach.—Mr. .James' H. Evan6, .manager of tho Waihi Consolidated: Q.M. Co., visited tho Waihi Beach mine in company' with Mr. T. B. O'Connor, and at the request of tho directors roported upon the property. Mr. Evans states:— "We found a'heavy stream of water flowing in tho level rather more'than tho-pump can-handle; and intermittent bailing has fo be carried; on. Proceeding along the' drive north upon the Treasure, Island reef, the dam, and its condition, first engaged our attention. ..As a structure it is well built, but evidently: loaked over the.roof Bection, but mainly by displacement of several bricks by the pressure of water uuderncath tho dam. Work is. going on nqw. preparing for cementing the floor of tho dam,opening,', and also to deal withitho'-roof;-wo; ivould'suggest,'also,that several inches of strong cement be built against the face of the dam. It is advisable that.the dam should be made serviceable, as a check upon the fiov/ of water is required to .enable the walls of the shaft to be cleaned out so as to allow tho- tanks to dip sufficiently for a full load. At present only about half, a tank can bo filled on account of the wells being partly filled with debris. It Is also advisable ■ to know whether the location or the dam is ' good cpough .to completely atop the flow of water, situated as it is upon the course of a reef. It is doubtful but that the reef may prove a source of leakage, otherwise the dnm is located in-good solid .country and compact lode course. Continuing along the level to the face, wo found that tho water has a free outlet from the. Treasure Island ,reef, in the floor of the drive, with a foot width of, opening. .The Big reef, occordint: to survey, should bo intersected in 30 to 40 feet more driving, and sooner if tho underlie has stiffened. Wo would rocomrac'nd that this driving -be, turned more -westerly to get the drive in'the hangingwall country or the Treasure Island, reef, and that a drill bore be kept always tinead-of-the face, with the object of finding.whether a further-increase of .water will-be got. when intersecting the Big reef. .If Guch-bc the case, provision can be made to instal a large pump." .

Phoenix and l'nirua Dreadnought.—The., men have been employed cleaning out and widening the low level tunnel. The country In the face of tha tunnel Is a ;blue andeslto, and will require efcootlag, ~ j• . •