COMMERCIAL ITEMS.

Dominion, Volume 3, Issue 905, 26 August 1910, Page 8

COMMERCIAL ITEMS.

.. INTESTMEN.T SHAEES. A sale of Sharland's preference shares at £1 2s. 6d. was the only transaction recorded yesterday. There were no changes in'the quotations, which were aB under:— Buyers.' Sellers. Sales, .'..■' £s.d. ' £s.d. £s. d. Bankr'oMf.Z. ...... ; - -' . lO'lO 0 -• - ' Equitable Building 912 6 —. — Metropolitan 12 0 0 — _ N.Z. Loan and Mercantile ' . — .0 10 6 —, Wellington Deposit — 0 8 9 —' Feilding. Gas — .1 2.0 — Wcl'gt'n. Gas.. (£10) 18 2.6, - . ._ . JJ.Z. Insurance , — 4 0 0 — . Standard Insurance —/1 6 0 — Gear! Heat (£4) ...10 5 0'- ,_ Gear Meat (£1) :...'.. '2 15 0 -. _ Meat Export (£4) .:. — '5 5 0 — Meat Export (£2l2s. 6d.) ...; ■ .— 3 5,0 - — N.Z. Shipping 916010 0 0 - Well. Woollen (ord.) 312 6 316 0 — Well. Woollen (pref.) Zl3 0 - - Taupiri Coal. /~ 10 6 — Wdßtport Coal L...;.. •—' -.615 0 - Wcstport-Stocktdn 'o'6' 9 ■■'• —.. _ ■ Lcyland-O'Brien ... 17 0 — - Manning and Co. -'... 4 0 0 — — N.Z. Con. Dental... - 12 6 - Sharland's pref. ...119 13 0.126 Taringamntu Totara 111 0 — — Ward and Co. 1..... --..5 60. -

GOLD PKODTJOTION. '• Tho decline in the. production of gold in the Commonwealth continues unarrested, the figures for the first soven months of the current year revealing a shrinkage of 101,633 fine < ouncesi > when jeomparcd with those for' the'corrcspdn'ding' period of 1909. Tho totals of each State are given hereunder -.— 1909. 1910. . Fine oz. Fine oz. Victoria. ...... 364,321 336,758 N.S. Wales 1 112,514 104,992 Queensland 245,568 253,088 W. Australia 915,188 849,218 S.'. Australia , 4,000 4,000 Tasmania,; ....< 30:600 22,402 Commonwealth' ... 1",67"2,09 l 1,570,458 New Zealand 273.684 275,185 , . 1,945.776 1,845,643 The Victorian yield is 27.563 fine ounces less, New South Wales exhibits a decrease o[ IW-m., and the production of Western Australian • fell awtvy 65,970 ounces, The

Queensland totals show an improvement of 7520 ounces, and in New Zealand there has been a- gain of 1501 ounces. The aggregate yield for Australasia shows a shrinkage of 100,132 fine ounces.

f WELLINGTON WOOLLEN COMPANY. Tho balance-sheet of tho Wellington Woollen Manufacturing Oompany, Ltd., for the year ended July 51 was circulated yesterday. The gross profit for the year was £23,836 6s. 7d., as against £18,194 12s. 3d. in 1909. The expenses amounted to £10,292 Us. 6d.. as against £12.026 15s. 2d., showing a decrease of about £1801), and tho sum of £3000 was written off for depreciation, as against £1000 last year. Tho net profit is £10,604 os. 7d., while last year it was only £5226 3s. 7d. It will bo' seen from this that the company has just closed a remarkably profitable year, and tho shareholders are to .'bo congratulated on the results. With tho amount brought forward the total available for distribution is £13,821 3s. 7d., of which the dividend of 7 per cent, on preference and ordinary shares will absorb £7957 4s. 2d., the sum of £2500 is written off the warehouse stock as a special' discount, and there remains £3363 19s. sd. to. bo' carried forward. Including the /£3OOO written off this year for depreciation, tho cost of plant and buildings has now been reduced by £.49,844, whilst at the same timo all maintenance expenditure has been charged against revenue. The retiring directors, Messrs. W. n. P, Barber and W. G. Poster, offer themselves for re election, but there is to be : a contest for one,of the seats, as Mr. Arthur War.burton has also been duly nominated.

WHEAT. By Tfrksrap'n—Press Associatioß-Oopyriebl* London, August 24. The American visible supply of wheat is 36,367,000 bushels. TALLOW SALES.. By Toleeraph'-Prosa Association-Cowis-M London, - August? 24. At the tallow sales 1237 casks wore offered and 1094 "old. Mutton, fine 375.'9 d., medium 355. 6d.; beef, fine 375. 3d., medium 355. ; , AUSTRALIAN MARKETS. By Telegraph—Pross Association—Copyright.' (Itcc. August 25, 11.15 p.m.). Sydney, August 25. Wheat,. 3s. lOd. to 3s. 10Jd.- Flour, £10. Oats, Algerian feeding, 2b. 2d. to 2s. 4d.; milling, 2s. 5d.; Tasmanian, 2s. 6d. to 2s. 7d. Barley, Cape, 3s. .to 3s. 2d. , Maize, 2s. sd. to 2s. 7d. Bran and pollard, £4. Potatoes, Tasmanian, £7 10s. Onions, £6; picklors;-£2. Butter, 112s. Cheese, 6Jd. Bacon, '63d. '■ . ■ Melbourne August 25. .Wheat, 3s. IOJd. Flour, £9 10s. Oats, Algerian, is. lid. to 2s. 3£d. ! Barley, nominal, choice malting English, 4s. 6d.; O.apc prime, 2s. 6d. Maize, 2sj 6d. Bran and pol-. lard, £t 10s.' Potatoes, to £5 10s. Onions, £4 10s. •.■'•. Adelaide, August 25. Wheat, 3s. 10Jd. Flour, £8 15s. Bran, £1L 10s. Pollard, £11 ss. Algerian oats, Is..lid. MELBOURNE HIDES.' MARKET., By Telegraph— Pross Association—Copyright. (Rec. August- 25, 11.15 p.m.) Melbourne, August 25.' Hides.—There is a good firm market, especiallyl for heavy descriptions. • FROZEN MEAT. (By-Telegraph^—Press Association.) Napier, August 25. The .0.0. and -D. Oompany cable:—The frozen i beef market is-easier, and values declined. Canterbury mutton, .33d.; Name.", Wellington, arid North Island. 3Jd. Lamb-First, 5Jd.; second, 4Jd. Beef-Kinds, 33d.;. fores, 23d.

■.;'■'• LONDON MARKETS. •New Zealand Loan and Mercantile Agency Company, Limited, have received the following cablegram from their-': London', house,.under date August 24;— Tallow: Wo quoto present spot values for the following 'descriptions:—Good mutton, 375.; good beef, 365. 3d.; mixed, 345. 6d. Market active. Wheat: A large Australian cargo has been Isold at 38s. c.i.f .• .'.Market quiet' but steady,- and not likely to liroprove at present.. Oats: Gartons, 18s.; sparrowbills, 17s. Pair demand. i