COMMERCIAL ITEMS.

Dominion, Volume 5, Issue 1543, 12 September 1912, Page 8

COMMERCIAL ITEMS.

u ' ,v INVESTMENT SHARES. I- The sales of investment shares recorile e yesterday were: Wellington Woollen, o ■s dinary, at £3 15©.; Golden Hay Cement. £ [. 21s. The buying ami selling riuotatior were as under:— Buyors, Seller 3 £9. d. £a. ( 0 Fclldinsr Gas 10 6 p Well. Gas (£10) — 18 2 t Well. Gas (prof.) - 1 1 r Christchurch Meat 15 5 0 — 1 Well. Woollen Cprcf.) 216 0 — Tarhigamutu Totara 2 5 6 2 6 > Golden Bay Cement 10 6 — '£ N.Z. Portland Cement ... 1 7 6 18 Shai'laiKl's- ordinary — 12 v Sharland'a preference — 13 1 W.F.OX ; ~ ■ .7 7 I FROZEN MEAT. The stoppago of the Mfli cattle trad* owing to the outbreak of foot and inout i disease, at once gavo a stimulus to -th trade in frozen and chilled meat. Mai " advices state that butchers who had bee • selling' locally-killed meat, but were no l then able to get any, or a-? much a i they 'wanted, turned to chilled or froze: [ moat, of which at the time there was n j scarcity. This enabled thorn to resum r their ordinary trading after an interriu L ti'on of three or four days, glad, indeed • of the accommodation which the supplie ' of refrigerated wr chilled meat repre- [ sented. At the cold stores and ainoni } the meat-importing companies and th shipping companies which carry meat froc , South America, Australia, and Canada : everything was thrown into a state o • bustle. Importers and shipowners alik 5 Eay/ that they ought to make the most o i tho occasion, and speed up the impor . meat trade to the utmost. The handling , of supplies and tho movements of steamer engaged in meat • carrying were . hastened • and prepared all to do the extra trad r which had fallen to them, and to deal, a. - far as lay.within their power, with th I new demand for increased supplies whicl ; had arisen. The rn'ind of the public is no\ on the import meat trade as offering i > ready solution of the meat supply problem i More ocean meat carrying will be done > and more insulated steamers or insulate) . spaces on existing steamers will be wanted j The permanent gain through the scare wil . remain with the ftnporters, as tho busi ' ness of importing meat will have beci ' increased and strengthened in Grea Britain. AUGUST EXPORTS. / The values' of the principal producte ex ported from New Zealand during themontl of August, compared with the figures foi the corresponding, month of last year, sliov as under:— 1912. 1911, Butter 29,477 2,457 Cheese 4,303 • 2.620 Beef 36,678 6,363 MuttonCarcasses 122,747 77,172 Legs and pieces 5,894 2,430 Lambs 168.739 109,137 Wheat 36,472 13,695 Oats 37,937 744 Potatoes 26,268 436 Hemp ; 36,745 18.887 Rabbits 12,674 14,775 Tow 1.617 1,144 Kauri gum 42,622 28,427 Grain and pulse 15,378 4,661 Hops 1,335 259 Hides ' 28.326 12,903 Skins 119,305 , 61,095 Tallow 70,121 36,091 Timber 32,678 35,969 Wool 261,130 118,171 Gold N 68,573 136,696 1.159,039 684,255 The total for the twelve months ended August 31 is £19,292,906. as compared with £18,561,896 for the previous year. Customs duties collected at the. port of Wellington yesterday amounted to £4414 Is. sd. WANGANUI FREEZING COMPANY. (By Telegraph.—Press Association.) Wanganul, September 11. The annual meting of shareholders of the Wanganui Moat Freezing Co. was held today. The balance-sheet showed a profit of £8237 on the year's working, and thifc amount was carried forward, no dividend being declared. WHEAT. By Telegraph—Piess Association—Copyright (Rcc. September 11, 11.5 p.m.) London, September 11. Wheat.—Two Australian cargoes have been sold at 395. 6d. per quarter. Tho market is inactive,' but nominally unchanged, Liverpool fixtures: October, 7s. 7gd. per cental; December,. 7s. 4£d. Chicago future: September, 9Cgcents to 91£ cents; December, 90 cents to 91g cents. THE METAL MA.RKETS. (Rec. September 11, 11.5 p.m.) London, September 11. Copper.—On spot, £78 lis, 3d.; three months, £79 55.-per-ton. Tin.—On spot, £220 10s.; three months, £221 per ton. Lead.—On spot, £23; three months, £23 10s. per ton. MINING NEWS, WELLINGTON SIIAItE MARKET. The market displayed a better tono yesterday. and it rather 6eems that the defeat of the Federation of Labour at Wailii i"s having a stimulating effect. Talismans, Wailtf, and Grand Junctions wei'e all firmer, and New Sylvias advanced, on more cheering reports from the mine. The sales recorded were as under:— Talisman, 40s. 6d. (first call); 41s. (second call). Waihi, 375., 375. 3d., 375, 9d. (first call). Waihi Grand Junction, 235. (second call). The buying and selling auotations were as under:— Buyer*. Sellers. £ s. d. £• s. d. Dominion — 0 0 4 Kuranui Caledonian 0 14 0 16 New S.vli'va 0 14 — "Ross Reconstructed — 0 5 5 ftaxon 0 0 10 0 1 0 Talisman 2 10 2 16 Waihi 1 17 6 118 0 Waihi Grand Junction... 12 6 13 0 Waiotahi 0 18 0 1 10 Waitangi 00 9J 0 0 10J Worksop Dredge 3 5 0 — The Wellington Stock Exchange received the following telegrams yesterday:— From the Waitangi Consolidated—At 3652 : feet, aseay 3s. 9d. From Carrick Gold Mining Co.—Manager reports 950z. gold from 300 tons mullocky auartz, from development work, now putting sulphide stone from reef through.' From New Sylvia—Stope above No. 3 level, 101b. picked stone; the. reef is highly mineralised. A later message reads:— Manager wires No. 3 level assay £1 165.; stope £6 6s. STOCK EXCHANGE. (By Telegraph.—Press Association.) Auckland, September 11. Business dono at this morning's call:— Occidental, Is. sd. Waitangi, 10Jd. Ross, 55.. 4d. Waihi, £1 17s. 9d., £1 18s. Grand Junction, £1 2s. 9d. Loan and Mercantile, 9s. New Zealand River Plate, £2. Northern Boot, 16s. Voltite, Bs. . Duncrfln, September 11. Tim following sales were reported on the Stock Exchange to-day:— N.Z. Drug, £2 lis. 3d. N.Z. Paper Mills, .£1 Is. 6d. West-port. Coal, £1 Bs. 3d. Waihi, £1 1 fc. / Waihi Grand Junction, £1 2?. 9Jd. Milburn Lime and Cement, £2 Os. 9d. BLUE CREEK COMPANY. The mine manager of the Blue Creek Mining Company reports for the three weeks ending September 1, that they have driven 38 feet in the big reef, and tho driving i 3 not costing more than 2C-s. a foot, candles and explosives included. The reef in very strong in the face of the tunnel, and is getting more mineralised, carrying a good deal of pyTilcs and traces of copper rnd galena making. On No. 2 level of the Van Italic reefs, which is one of tho low levels, ho drove for two days, and the ore taken out was not only up to expectation?, but is an improvement in the grade. It io also the best that he has met in this ore body, and is all good showing, at a low estimate. 50 nor cent, of concentrates. Mr. W. IT. Phillips, the local director, states that it is the richest ore that he has seen in his mining experi-; ence. He has made about 30 chains of road, and bridged the creek, and has now the battery on the road ready to move to tho battery site. He adds that the heaviest part of the work is done.