COMMERCIAL ITEMS.

Dominion, Volume 3, Issue 844, 16 June 1910, Page 8

COMMERCIAL ITEMS.

INTESTMENT SHABES. The Bales recorded'yesterday were Gear Meat, £4 paid, at £10 55.; Taupiri Coal at 19s. 6d.. aud Leyland-O'Brien at 255. ■National Baalt, buyers £5 195.; Equitable Buildine buyers £9 7s. 6d.; Metropolitan Buildine, buyers £12; Wellington Trust and Loan, buyers £7 55.; National Morteaee, sellers £3 65.; New Zealand Loan and Mercantile, sellers 135.; Fcildine Gas, sellers £1 2s. 9d.; Napier Gas, £5 paid, buyers £12 55., sellers £12 10s.: Palmerston North Gas, buyers £7 155.; Wellington Gas, £10 paid, buyers £18 55.. £6 15s. paid, buyers £13 7s. 6d.; National Insurance buyers £1 95.; South British -Intranet buyers £3 2s. 6d.j Gear Meat, £4 paid, buyers £10, £1 paid, buyers £2 135.; Meat Export, third issue, buyers £2 165.; Union Steam, buyers £1 135.; Wellington Woollen,, preference,- buyers £2 95.. sellers £2 10s • Hikurangi Coal, buyers 19s. 9d.; Taupiri Goal, buyers 19s. 6d.; West-port Coal, buyers £6 Bs.; Leyland-0 Brien Timber, buyers £1 55., sellers £1 65.; Manning and Co., buyers £4; New Zealand Drue, buyers £2 7s. 6d.; Taranalii Petroleum, buyers 135.; Tarinsamutu Tot-ara. buyers £1 7s. 6d.; WaTd and Co., buyers £4 17s. AUCKLAND ELECTEIC TEASIWAYS. At the annual meeting of shareholders of tho Auckland Electric Tramways Company, held in London on May 2, the chairman, Mr. C. J. Tesetmoier, who was at oiieVime general manager of the Bank of New Zealand, said:— "Turninpr v> the prolit and loss Recount, the groes receipts amount to £162,594, as against £165,655 in tho previous year. We carried 28.736,000 passengers, an increase of 2,692,000, and tho passenger receipts-chow ah Increase of £16,533. This represents receipts per route mile of track of £8089 per annum, which, I think, compares very favourably with' the results obtained in larßi, ccuirea of population. A good portion of the increase in our traffic is due to the fact' that during last year the whole of our present system of 22 miles was in operation lor the whole of the year, whereas in the previous year the Mount Eden extensions were only opened for traffic for a portion of the year. It is very satisfactory io lind that the extensions wo have coiwtructed recently in the suburban districts are returning tho same proportionate revenue as tho older portions of our system. The population of Auckland, which is now approaching 100,000, has shown marked growth during recent years, and there are many indications that Auckland, and it may be said Now Zealand generally, are at ..present onjoyinp a very high measure of prosperity. As an instance of this it. may be remarked that tile cxportß of New Zealand ore now 20 millions ii year, and this from n population of approximately one million souls. This saya a very great deal for tho wealth, creating capacity of the country. With the many natural advantages that Auckland possesses, there is no doubt whatever, I think, that It will continue lo nrocnw;, and oxtend, and we may confidently look forward to this being reflected in a continuous expansion of our truffle receipts. The working expenses are £11.000 more; while power and running, the cost of which was £67,732, shows an increase of £0434. A good deal of this increase la duo to the increased car inilca£c that wo

rail, but to a very much larger extent it is occasioned, by the higher scale of wages ing the greater pan. of llic year. Tho Day of our lnotorincn ranges from Is. to la. Hi. per hour, and of conductors from 10d. "to Is. per hour, which is probably more than double what prevails in this country. This higher standard of earnings of the working class community is a> distinctive characteristic of New Zcaland's social conditions. With a high urotectivo tarilf no doubt their standard of expenditure ia correspondingly higher, hut whether it is an eiTcp.t or not, it is unquestionably the case that the material welfare of the worker in New Zealand is far in advance of anything that we arc accustomed to in this country. He may spend more, but he receives more, and his expenditure upon absolute necessities which enables him to indulge freely in the comparative luxury of tramway travelling." CUSTOMS REVENUE. Customs revenue collected at Wellington yesterday amounted to £3386 11s. Id. SILVER.' By Telegraph-Press Association-Copyrigh:. London, June 14. Bar silver" is quoted at 24£ d: per ouiico standard. LONDON SHAKE .QUOTATIONS. By Telegraph—Press Association-Copyright. London, June 14. Bank share quotations :-Bank o£ Australasia, buyers, £109 10s., tellers £110 10s.; Bank of Victoria, ordinary, buyers £4 2s. 6d.. sellers £5 2s. 6d. • METAL MARKETS. Bj Telegraph—Press Association—Oopyrteh! (Bee. June 15, 10.30 p.m.) London, Juno 15. .Copper.—Forward delivery, £55 12s. 6d.; electrolytic, £58 per ton. Tin.-On tho spot, £148 7s. 6d.; three months. £149 10s. per ton. Lead, £12 12s. 6d. per ton. WHEAT. By Teleirraph—Prc33 Association—Ootiyritrht Sydney, Juno 15. . Tho Commonwealth wheat yield is now estimated at ninety million bushels, which is far in excess of that of any previous year.. (Eee. June 15, 10.30 p.m.) . London, June 15. Three Australian cargoes of wheat Bold at 315., 31s. 6d., and 31s. 7Jd. respectively. MINING NEWS. WELLINGTON SHAItE MARKET. Waihi shares were considerably weaker yesterday, selling at £8 2s. 9d., Talismans sold at 51b. 3d., Eoss Goldfields recovered on a report that 25 ounces were obtained, and the shares changed hands .at as high as 20s. 3d. The day's sales wero as under:— New Sylvia, 3s. Bd. (second call). Old Hauraki, 4s. 4d. (third call). Talismau, 51s. 3d. (first call). Waihi, £8 2s. 9d. (first call). Ross Goldfiolds, 19s. 6d., 19s. 6d., 19s. 6d., 195., 18s. 9a., 19s. (first call), 195., 19s. 2d., 19s. 3d.. 19s. 9d., 19s. 9d., 19s. 9d. (second call), 19s. 9d., 20s. 3d., 20s. 3d., 20s. Id. (third call). QUOTATIONS Buyers. Sellers. Sales. S6- d. £s. d. £a. a. Kuranui Oalcd'n ... — 0 18 — May Quoon 0 4 1 - - Maoriland 0 0 51 0 0 7 — Mountain King ... 0 011 0 1 1 - N.Z. Crown 0 4 2 — — New Sylvia 037 039 038 Old Hauraki 0 4 4 0 4 5 0 4 4 Saxon 0 1 7 — — Tairua Broken Hills 0 1 3 — — Talisman 211 3 2US 2113 Waihi '.. 8 0 6 8 2 0 8 2 9 Waihi G'd Junct'n 111 3 111 6 — Waitangi — 0 2 1 — Blackwatcr 111 6 112 6 - Con. Goldfiolds 10 6 113 — Progress — 015 0 — Roes Goldflelds 10 0 10 3 10 1 STOCK EXCHANGE. (By Telegraph-Press Association.) Auckland, June 15. Tho following business was done on tho Stock Exchange to-day:— Kuranui Caledonian, Is. 7d. Consolidated Goldflelds, 21s. Eos?, 195., 19s. 6d.' Progress, 20s. Hauraki, 4s. sd. Golden Belt (con.), 7d. Tairua Broken Hills, Is. 4d. . . Taitua Golden Hills, 3s. Id. Waihi,' £8 4s. 6d., £8 3s. ■ Grand Junction, 31s. 6d. Mountain King, Is. Tho following business was done at tho afternoon call to-day:— N.Z. Insurance, 80s. May Queen, 4s. 3d. Saxon, Is. Bd. Ross Ooldficlds, 20s. Old Haurald, 4s. 4d., Hβ. Sd. • Talisman, 525. Waihi, £8 2s. 6d., £8 Is. 6d.. £8 Is.. £8 os. 6d., £3 Is. Waihi Grand Junction, 31s. 6d.

Duncdin, June 15. Stock Exchange sales:— Waihi, .€8 25., £8 os. 3d. ' ■ ,Waihi Grand Junction, £1 11s., £1 11s. 3d. (forward delivery). Sales reported :- National Insurance, £1 9s. 3d. Talisman Consolidated, £2 11s. 3d. ■ May Queen, 4s. lid. Waihi, £8 2s. . Waiotahi, 4s. Old Hauraki, 4s. 4d. ROSS GOLDFIELDS. (By ToloßTanh—Press Association.) CliristcllurcU, June 15. Dr. Xcolev, chairman of directors of the Rosa Goldfields, Ltd., received the following message to-day from the engineer in charge of the works:-Prospectcd 18 faces; 18 dishes gave 2dwt. 20gr.; one dith cave 15gr. Hope to wash up .Monday or Tuesday. Prospects good. Dr. Xeelcy states that it will be a week or ten days before the mine can ho worked at its maximum, on account of the shortage of miners. Additional men are now being engaged, and when the full complement is secured three shifts daily will bo worked.