COMMERCIAL ITEMS.

Dominion, Volume 4, Issue 982, 24 November 1910, Page 8

COMMERCIAL ITEMS.

INVESTMENT SHAKES. Yesterday there were eales .of 'Wellington Gas, £10 paid, at £19, and Taranaki Petroleum at 9s. 3d. aiid 9s. The' Quotations and last sales were as under:—.'. Buyers. Sollevi Rales. £ s. d. £ s. d. £ s. d Bank of N.Z. 10 6 6 - • National Bank 5 15 6 5 17 6 * —• N.Z. and' River Plate — - 2 0 0 — "Well. Investment ... 011 0 — Well. Trust and , Loan 7 10 0 —• ' ■ Well. Gas (£10) - ~ 19 0 0 National Insurance 114 6 — — Union Steam 116 6 — —• Well. Woollen (ord.) — - 3-14-0 Taupiri .Goal. 10 0 — ..~ W6stporfc-Stockton 0 7'3 0.7,9 — Hauriceville Lime r- 015 0." — N.Z. Con. Dental ... 1 2 3 — •— Taranaki Petroleum 086 090 090 LONDON WOOL . SALES. Tho London wool sales were to have, commenccd on Tuesday, but were postponed owing to fog. If the sales were held yesterday, local brokers should have advices by noon to-day. The mail brought full re.•ports of the last sales, and with respect to crossbreds, Messrs. Henry P.. Hughes and Sons report as follows:— "Quite a large quantity * of superior greasy crossbreds, which had been held for. many months awaiting a revival of the American demand, made their appearance in the catalogues; and—in tho continued absence of inquiry from that quarter—had to rely on home and Continental buyers for support. All things considered, they sold as well as could have been expected; but in many cases pretty heavy withdrawals of these (and of re-cased wools that had been sent up from Yorkshire) took place, the bids made being below owners' limits. Good merino and crossbred lambs, in small supply, have sold firmly, while faulty seedy lots have again given way a little. South African wools nave shown considerable irregularity, but may, on the whole, he called par to 5 per cent, dearer. Many failed to sell, owing to the high limits imposed on .them. New clip Queensland wools were well represented, and creatcd a favourable impression. Though somewhat irregular in length, and, | Jn many cases, much troubled with grass i eccd, they were generally light in condi-1 tion. The few arrivals of the new clip I from Western Australia were well grown and in fair condition, and thav elicited i

strong competition from Yorkshire buyers. Of Punta Arenas, 6571 bales; of Falkland Islands, <92 bales, and of River Plate 1610 bales were catalogued, and cold at priccs on a parity with those paid for corresponding colonial growths. The total quantity for export was about 42.000 bales, including <00 bales for America." - Customs revenue collected at the port of Wellington yesterday amounted to £1592 18e. lid. . LONDON WOOL SALES. By Telegraph—Press Association—Copyright. London, November 22. The opening of the wool sales has "been postponed owing to a fog. Messrs. Dalgety and Compariy, Limited, and other local brokers are advised by cable from London, under date November £2, that the opening of the sixth series has been postponed owing to a thick fog. WHEAT. By Telegraph—Press Ass-jciation—Copyright. London, November 22. ' \An Australian wheat cargo sold at 365. 6d. METAL MARKETS. By Telegraph—Press Association—Copyright. London. November 22. Copper—On the spot, £57 17s. 6d.; thrco months. £58 16s. 3d. Tin—On the spot and three months, £167 15s. Silver- is • quoted at 25 9-16 d. per ounce standard. ' (Bee. Nov. 23, 9.25 p.m.) By Telegraph—Press Association—Copyright. London, November- 23.' Copper — on spot. £57 16s. 9d. per ton; three months, £58 15s. ' . v Tin—On spot, £157 12s. 6d. per ton. DALGETY AND- OO.'S SHAKES. .. By Telegraph—Press Association—Copyright. London,- November ,22. v Dalgety and Company's shares .are quoted at:—Buyers, £6; sellers, £6 lCs. | BUTTER. . i Cabled information was received in' Wellington from London yesterday to the effect that a line of Wellington butter of 700 boxes by the Athenic, just arrived, realised 112s. per cwt. on the London market. (By Telegraph.—Press Association.) , Now Plymouth, November 23. The next shipment of butter from New Plymouth for the Home market • will' bo 14,000 boxes, a record for a fortnight's supv)?' . PETROLEUM SHARES. HOSTILE INFLUENCE SUSPECTED. (By Telegraph.—Press 'Association.) . • New Plymouth, November 23. Petroleum matters are * still promising. Tho number two well, which, has been flowing oil of its own accord since January last at the rate of 100 barrels (equal to <000. gallons) per week, is still flowing, and more strongly than ever, whilst No. 3 bore is still' flowing also, although no work haa been done there for weeks. Complaint lias been • made here thatthough Taranaki petroleum shares continue to bo quoted at 7s. to 7s. 9d. on out-; side stock'exchanges, inquiries from here fail to sccure any at under 10s. or 10s. 6d.,. and the price at. which transactions are effected T locally is from 10s. to 12s. Tho opinion is expressed that some influence is being brought to bear'which is unfavour* ablo to.tho oil industry. . ,