COMMERCIAL ITEMS.

Dominion, Volume 6, Issue 1564, 7 October 1912, Page 8

COMMERCIAL ITEMS.

INVESTMENT SHAKES. The sales recorded on Saturday were: National Insurance, 405.; Meat Export (525. 6a.) at 60s: 'in: Wtlln gicn Woollen preference at 575. 6d. The buying and selling Quotations were as under :-:- Bu.vors. Sellers ' £s. d. ■ £6. d. National Bank 6 \ 0 6 2 6 Equitable Building - 917 6 N.Z. and Hiver Plate — 2 2 ,0 Christchurch Gas 8 0 0 — Palmerston N. Gas 9 0 0 — I Well. Gae (£10) - 18 0 0 Well. Gas (pref.) 10 0 10 9 Canterbury Meat 8 5 0 — Meat Export (£5) — 6 3 6 Moat Export (£4) - 5 0 0 Jleat Export (525. 6d.) ... - J 0 0 Kaiapoi Woollen (pref.)... 5 3 0 — i Well. Woollen (pref.) - 2 17 9 Leyland-O'Brien <....'. 16 6 17 0 N.Z. Con. Dental 10 6 - THE SWASTIKA COLD MINES, LTD. An event which should give local mining ventures a fillip is the notation of the Swastika. Gold Mining Company Ltd.. of which an abridged prospectus will be found in our advertising columns. Tho property comprises some 100 acres on the Jiokihinui Hiver, about 10 rr.iles from Scndonville, and is said to he in the heart of what is known as the great Reefton gold belt, a line of slate country extending from the Blackwater in the south 'o the Jorangi Golden Block in the wnh. In this belt are situated most of the best gold mines of the West Coast, ainuni; them hc'ng the Bla-ckwater. Globe, Progress, Alpino, Welcome, Big Eiver, etc, all of ivnich produced considerable quantities of gr.ld in the past and some of them rank nmi-ng the most valuable mines in New Zealand today. The property, it 'will l>u r wn from the prospectus, lias been favourably ieported on by Messrs. Siincy try and J Bcwiu Wilson. They recommend the expenditure of some £2090 on oertain specified lines which thisifompany proposes to follow. Mr. Fry is too well known in Now Zealand to require, further comment here. Mr. •J. Bowie Wilson is an Australian engineer of standing, member of both Australian and American Institute of Mining Engineers. Bachelor: of Engineers, and a member of tho Institute of Mine Managers. The result anticipated from the above expenditure is that a very valuable property will bo disclosed and that present subscribers may look forward to a sale on highly satisfactory terms to a larger working company. There is slated to be a two-stamp mill 1 on the ground, and quartz can be sent down to it right from the ti'mo of commencing operations, as the leaders and tho big reef have all been opened up. The assays in the big reef are reported to run from 20s. to 245. fifty feet in on the cap of the reef, while sa-mplee of the quartz in which gold was not visible have gone as high as 3oz. 2dwt. 17gr. A sample from the Big Beef, ill which gold was visible went 6oz. lldwt. 2gr. All the leaders show very high-grade ore, ranging in assays from lldwt. llgr. to 17oz. 16dwt. lgr. Tho company is issuing 11.C00 shares at fe. each, and it expects these to be largely oversubscribed. No allotment will be made unless the whole capital is applied for, and the share list will definitely close on or before Monday, October 14. Early application is therefore imperative. Messrs. W. H. TurnbuU and Co., 27 Panama- Street, arc tho company's brokers.

CUSTOMS. Tho Customs revenue collected at the port of Wellington on Saturday amounted to £2930 9s. 7d., the total for the week being £34,496 Is. 6(1. The returns for each of the past eight weeks,.' compared with the figures for tho corresponding periods of last year show as under:1912. 1911. J! £ August 17 9,114 -11,592 August 24 27,261 15,965 August 31 17,216 18,156 September 7 10,446 ' 23,406 September 14 26,133 13,455 September 21 21,553 21,591 .-'■ September 28 ; 15,362 7,592 October 5 34,496 15,117 161,588 _ 126,574 The beer duty collected for the week totalled £244 Bs. 3d., as compared with £453 4si lid. for the corresponding week of last year. FROZEN MEAT. Writing on frozen meat, under date London, August 23, .Messrs. W. Weddel and Co. state that the rapid falling off in demand for frozen lambs, which usually takes place during August, is now being generally experienced both in London and in tho provinces, but values' have not suffered to any great extent, as the small available stocks are fafrly firmly held in view of prospective light shipments from New Zealand durincr August and September, and the probable lateness of the Australian season. A feature of the trade is the absolute lack of inquiry for 0/421b. grade?, buyers finding it almost impossible to f,ell even small quantities of this description at the moment. Tho few Australian and River Plate lambs available are a most difficult sale, and are being offered at prices varying- from 4Jd. up to sid. per lb., according to weight. The stocks of frozen mutto-n in London and the provinces are very .short, and, with a good inquiry during the week, it' has been possible to get slightly advanced prices. Can terbury sheop are .worth 4|d. for up to 681b. grades, and heavier grades about 4Jd. fier lb. Secondary descriptions are sellng at 4d. per lb. Ewes do not realise more than 3id. to 3?d. per lb.. delivered at Smithfleld market, but considerable quantities have been sold on an ex ship basis —steamers just in—at 3/IJ-16d. per lb. In fact, the position of mutton is that almost as much is obtainable ex store and ex ship as delivered at market. Australian eheep sell at 4 l-16d. for small weights. There are no medium or heavy weights to be obtained, and small ewes are firm at about 4d. River Plate mutton selloi steadily at 33d. to 4d. per lb. There Is a considerable quantity of Australian beef available, and sellers have been anxious to make progress. With, however, the only moderate supplies of Australian and River Plate beef available, and with the high prices Tilling for chilled, Australian beef is coining in for a. better inquiry, and prices close at a shade higher on tho week. Australian fores are quoted at 2 15-16 d., and hinds 3fid. to 33d. per lb.New Zealand fores, 3d.; hinds. 33d. per lb • Eiver Plate fores, 3d.; hinds, 3iid. to ii. per lb. Chilled beef closes at 3Jd. fores, and sisd. hinds."

New Zealand Loan and Mercantile Agency Company, Ltd., and Reduced, have received the following cn.blegr.im from their London house, under date October 4:—The market is easier for mutton, has a downward tendency for boef, and the inquiry for lamb Is limited. FEOZEN MEAT. Fγ TelceraDh—Press Aoßoeiation—Copjrisht (Roc. October 6, 5.5 p.m.) London, October 5. The Incorporated Society of Meat Importers' Smithficld market quotations for the undermentioned classes of frozen meat are baser! on actual sales of not less than one hundred carcassed of mutton or lamb, or twenty-Hyo quarters of beef of fair average quality. The quotations arc not for selected lines, >but for parcels fairly representative of the bulk of the shipments now on Ihe markul. The prices which follow arc on the average a farthinc per lb. more than the values ex ship, this difference reprcsoiitiiiK an averasre cost in expense handling, conveyance, and selling the meat:— Sept. 28. 00t.5. Mutton- il. d. Canterbury, light 4s • Canterbury, medium 4£ • Canterbury, heavy 4 9-16 ■ • - •Southland 4J 4j Xorth Islaud, best ....• "4 JJ. Xnrth Maud, ordinary ... 4 9-16 i\ AuttriUan. ÜBfct ~ - Australian, heavy 4J 4} .

Hiver Plate, light 4 3-8 4 3-8 River Plate, heavy 4 3-8 4 5-16 New Zealand cives 4 1-16 4 1-16 Australian- owes 41 4i Itivcr Tlato ewes — — •None offering. . La-ml)— Canterbury, light 53 5J Canterbury, medium 53 5? Canterbury, heavy 51 M Southland 59-16 5! . North Island, ordinary... 55 5 7-16 North Island, felected ... 59-16 5J Australian, beet — — Australian, fair — — Australian, inferior — — River Plate, first - - Hiver P\atc, second — — Beff- \ New Zealand ox fores ... 34 Jl-16 New Zealand ox hinds ... 3J -33 ox fores 31 3 1 Australian ox hinds it H River Plate frozen fores... 3 11 River Plate frozen hinds 35 33 River Plate chilled fores 35 35 River Plate chilled hinds 5 5 Rabbits are firm. Colonial supplies are short. New South Wales, 18s. 6d. to 18s. 7d., ex etore. The demand,is brisk. English rabbits are scarce, but supplies show increasing tendency. LONDON WOOI/ SAMS. By Telegraph—Press Association—Copyright (Rec. October 6, 5.5 p.m.) London, October 4. The following are the prices realised at the. wool sales for the' fleece portions of the' clip uamed:—Jfurchison, top price 23d.; average price, 20Id. Hastings, 15Jd, and 113 d.: Thistle, IZJd. and lljd. There was good competition ifor all grades at full rates. N.Z. SHIPPING CO. October 6, 5.5 p.m.) London, October 5. The New Zen.la.nd Shipping Company has" declared a dividend of 6 per cent, and carries forward £21,555. \ SILVER. London, October i. Bar silver is quoted at 2s. 5 9-16 d. per ounce standard.