COMMERCIAL ITEMS.

Dominion, Volume 6, Issue 1865, 26 September 1913, Page 10

COMMERCIAL ITEMS.

INVESTMENT SHARES. ' Transactions in investment siares recorded yesterday were T&upiri Coal at 21s. 9d., and Westport Coal at 295. 3d. The quotations were as under:— Buyers. Sellers. £ s. d. £ s. d. National Bank — 6 Jj jj Union Bank „ ~ U N.Z. Loan, Merc, (pref.) 97 0 0 — Well. Trust and Loan V 1 0 , — Palmcrston North Qas ... 9 0 0 Wellington Go 3 (£10) ... 16 0 0 Wellington Gas (pref.) - 10 0 Standard Insurance — 4 Gear Meat (£1) Jen o c. j Uniom Steam 253 Westport Coal 1 9 0 ' — Westport-Stockton — 0 4 « Leylaud-O'Brion — r l . \ Taringamutu Totara 2 5 6 '266 W.F.C.A. (£5) - 7 2 6 TIIE AMERICAN TARIFF. In anticipation, of the alterations in the tariff of the United States there were huge accumulations of goods in bonded warehouses. At the end of the financial year merchandise in bond showed a larger value than., ever before, the total being £21,200,000, against £14,410,000 at tnc corresponding date last year. Of sugar, for example, there were 778,CCO,COOib. in bond on June 3», arainst 205,0c0,c001b. twelve montl>6 earlier. Of leaf tobacco the quantity in bonded warehouses wats 52,CC0,CCClb., against 34,000 0001b., and of wool the amount was 78,000,C001h., against 59, OCO,OOOIb. Other principal articles of which the quantity stored was unusually largo wcro manufactures of wool, fibre, eilk. iron, and steel, and of the total in bond all except £300,000 worth was dutiable. The value of tlio' raw wool warehoused \v<ts £3.700,000. of which £1,800,000 wortli was at Boston. The value of imported merchandise in bontfcdi stores was more than double that In warehouses immediately prior to the enactment of the tariff laws - of 1890 and 1894, five times greater than in l 1897, and about 20 per cent. Larger than in 1909. DUNLOP RUBBER CO. The directors of tho Dunlop Rubber Company of Australasia, Limited, have decided, subject to audit, to declare a dividend, which will, with tlio interim dividend already paid, make tho distribution for the year onded July 31 as follows: —Ten per ccnt. on tho preference shares, 9 per cont. on tho deferred non-cumulative preference shares; 10 per cent, on tho ordinary shares. PUBLIC ACCOUNTANTS. Tho annual report of tho Australasian Corporation of Public Accountants, to bo presented at tho sixth annual meeting on September 29, shows that there was a net gain or 22 members in the year, and thero are now 469 members, 176 in tliia State. 172 in Victorian, 36 in South Australia. 32 in Ourensland, 27 in West Australia, 12 in Tasmania, 4 in New Zealand, and 10 honorary fellows. Tho report deals with the examinations and tho position ia the various States. Customs duties eollectcd at tho port of WojlimHo.-: yesterday amounted to £2189 103.

LONDON WOOL SALES. Bj Telcerack—rr«n Associatiou-CopyriElit London, September 24. At the wool'fiiiles to-dny there was a good sale, with strong Continental competition,' but Yorkshire competition was somewhat reserved. Crossbreds were very firm, and prices for merinos fairly woll maintained, except for shabby faulties. (llec. September 25, 11.10 p.m.) London, September 25. Price? for clip named were:Arawa, top rate I2d„ average, 11f,d.; Hpurhead. 12d. and 113 d.; Ilillersdcn, 12Jd. and lid.; Tartar}-, l&Jd. and 12fid. SYDNEY SALES. (Rec. September 26, 0.55 a.m.) Sydney, September 25. The week's wool sales closed with animated bidding, particularly in the Continental section. At the best rates of the week "grearjy" went to 12Jd., and "seoureds to 24d. WHEAT MARKET. (Rec. September 25, 10.10 p.m.) London, 'September 25. Tho wheat market is depressed, owing to tho weakness of the American markets, and tho pressure which forced _ Russian down bv 3d. 365. 3d. was asked for an Australian cargo off coast, and 355. for a new crop, January-February shipment. The Now Zealand Loan and Mercantile Agency Com-pany, Limited, have received the following cablegram from their London house under date September 24:—Wheat: Sold an Australian cargo at £1 16s. 3d. c.i.f. There is very little demand, owing to increased supplies, and tho market is likely to decline. NEW ZEAiAND-ATJSTEALIAN LAND COMPANY. By Telegraph—Press Aesocia-tion— Copyright London, Septcmbor 24. The New Zealand and Australian Land Company's dividend is a. final, not oa previously cabled 1 , an interim dividend. CANADIAN LOAN. London, September 24. Canada, is underwriting a £3,C00,C00 4 per cent, loan at £98. TALLOW. London, September 24. Vt the tallow sales, 1727 casks were offered, and 1202 sold. Prices realised:—Mutton, fine, 385.; medium, 355. Beef, fine, 375.: medium, 3<o. 6d. SILVER.. London, September 24. Bar silver is quoted at 28 5-16 d. per ounce standard. LINSEED OIL AND TURPENTINE. London, September 24. Raw linseed oil, spot pipes. £23 S3. Turpentine, 295. 7Jd. per cwt. •COMMONWEALTH BANK. Melbourne, September 25. The balance-sheet of the Commonwealth Bank for the half year ended Juno 30 shows a loss of £32,030. making the total lo*s to dato £46,636. The assets total £5,008,744, and tho. liabilities £5,055,381. AUSTRALIAN PRODUCE MARKETS. (Roc.' September. 25, 8.55 p.m.) Sydney, September 25. Wheat. 3s. 7id., 3s. Ed. Flour, £8 15?. Oats, Algerian 2a. 6a.. 2«. bid.: milline, 2s. lCd.; Spairowbills, 3s. 2d., 3s. 3d.: Giants, 3s. 3d.. 3s. 4d. Maize. 4s. 4d. Barley, Cane maltinp. 3a. 3d., to. 6d. Bran 4,-nd nollord, £4 10s. Potatoes (Tasmania™), M 10s.. £7. Onions. Victorian, £7 10s.; Japanese, £8 10s.; £9. Butter, selector], 1076.; secon-dary, 106s. Cheese, 7d. Bacon. 9a, Adelaide, September 25. Wheat, 3s. Bd., 3s. Bsd. Flour, £8, £8 2s. fid. Bran and pollard, Is. o£d. MINING NEWS. WELLINGTON SHARE MARKET. The mining market was quiet yesterday, and only two sales, were recorded. A sale of Waihi'at;47s. 3d. WOo' reported at th« morning call, and a sale of Waitangi al 7id. at tho afternoon, sitting., The quota, tions wore ns under:— Buyers. Sellers, £ s. d. £ s. d, Blaokwater 1 0 3 Murray Creek (old) 16 0 — Murray Orosk (n>Env) 0 6 0 -- Ross Reconstructed 014 0 014 ' Swastika ~ ! Tali6ma.il) 2 0 9 2 1 f Waihi 2 7 0 2 7 I Waihi Grand Junction ... 1 0 6 111 Waihi Paeroa, — 1 10 ( Waitangi — 0 0 i •Premium. STOCK' EXCHANGE. (By .Telegraph.—Press Association.) Auckland, September 25. Sales on- Change to-day:— Rosa, lfe, 14s. 3d. Waihi, £2 7s. 6d. Grand Junction, £1 Is. • Auckland Go.s, £1 95., £1 9s. vd. Christchurcb, September 25. Salo reported.—Talisman, £2 Is. , Dunedln, September 25. Tho following sales woro made on th< Stock Exchange to-day:- . Waihi, £2 6s. (two parcels), £2 7s. 3d (two parcels). ■ Waihi Grand Junction. £1 10s. 2d. The following sale was reported :-Baul of N.Z., £11.

CONSOLIDATED GOLDFIELDS. The Wellington Stock Exchange received tho following telegram yosterday from tho Consolidated Goltlflelds of Now Zealand. Limited, reporting on the operations of the Wealth of Nations, Blackwater. and Progress mince for tho quarter ended June 30:-C9velopment number of feet driven—Wealth of Nations, 251; Blaekwater, 421: Progress, 208. Number of feet risen, and. sunk (exclusive of stopee)—Wealth of Nations, 119; Blackwater, 614; Progress, 372 i (doe 3 not indude crosscuts). Heef, distance exposed, feet —Wealth of Nations, 17; Blackwater, 1611; Progress, 69* (docs not include reef oxposedi in use). Width, (inches!— Wealth of Nations, 26.34; Blackwater, 14; Progress, 44.9. Assay value (dwt.)—Wealth of Nations, 5.E5; Blackwater. 8.6; Progress. 2.67. Stoping, tonnage etoped including oro from development places—Wealth of Nations, 5673; Blackwater. 11,516; Progress. 8243. Milling oro received from raino (tons)— Wealth of Nations, 5753; Blackwater, 11.586; Progress, 8243. Oro miiled—Wealth of Nations, 5994 tons; Blackwater, 11,896; Progress, 8380. Cyaniding, tons treated—Wealth of Nations, 3865; Blackwater, 6348; Progress, 6420, including 2080 old tailings.' Gold .production, total yield- per ton, milled (fine dwts.)-Wealth of Nations, 7.81; Blackwater, 9.06. Working expenses: Cost—Wealth of Nations, £5605 3s. ICd.; Blackwater. £12,329 14s. 4d.: Progress. £8321 12s. 6d. Cost, per ton, milled— Wealth'of Nations, lte. 8.43 d.; Blackwater. 20s. 8.71 d.;' Progress, 19s. 10.07. Bevenue, valno of gold produced—Wealth of Nations. £9533 7a. 7d.: Blackwater, £22,908 Eg. 7d.; Progress. £7291 12s. Bd. Value, per ton. milled—Wealth of Nations, 335. 2.53 d.; Blackwater, 3Ss. 6.09 d.; Progress, 17s. 4.82 d. Workin" profit,, amount—Wealth of Nations, £4348 3s. 9d.; Blackwater. £10,578 lis. 3d.; Progress (loss). £1021 9s. lOd. Amount, per tin. milled—Wealth of Nations, lis. 6.10 d.; Blackwater. 17s. 9.38 d.: Progress (loss), Is. 5?.5d. Oanital expenditure (including shaftlinking)—Wealth of Nations. £488 1 8?. Rd.; Blackwater, £464 ss. Bd'.; Progress, £283 14s. 3d. Development expenditure flesis redemption)— Wealth of Nations, £1332 1 9s. 4d.: Blackwater, £2196 9*. Ed.: Progress, £1865 (is. 7d. Exnerimental expenses—Wealth of Nations, £13 4s. 7d.; Progress. £55 14s. lOd. Pulley's claim stripping operation'. £84 18s. 2d. Prospering (three eomnanies). £1699 Bs. Id. Blackwater mine— Previous development work in the uprv.r levels gave us reason to exnect that the ground nassed through dur.irg the ouarter June 30. would be of a somewhat broken e.h.aTa"t«r. and of varying widths and values: better widths and values are to be expected a* devel r >nme" , s of the bittorn levels advance. Tile Wealth of Nations mill is now' running full tirr«, t.he rannir.s to mortar-boxes necessitated during August having been completed.

NEW FINING COMPANY. In the list of companies registered. published in this week' 6 "Mereo.ntilo Gaiette," there appears tho following:— I Terawliit.i flykes, Ltd. Registered September 18. Capital. divided into 70C0 sharer? of #1 each. Subscribers: ,T. W. C. Bonics, V. E. Pet.heriek. E. M. Bnulton, T. C. A. ll'slop. H. P. Bawson, 0. Beere. E. Barry, all of Wellington, one share each. Objects: Mining an-' incidental over portions of the Terawhiti Estate. i