COMMERCIAL ITEMS MINING NEWS

Dominion, Volume 9, Issue 2704, 25 February 1916, Page 8

COMMERCIAL ITEMS

MINING NEWS

INVESTMENT SHAKES. " In tha investment market yesterday a ealo of Union Steam (ordinary) shares at 275. 9(1. was raado oil 'Chance. The quotations were as follow:— Buyers. Kellers. £ s. a. £ s. d. Bank N.Z. (£3 6s. Ed.) ... 10 10 0 - Well. Invest T. and A. ... 0 10 9 0 U. 0 Well. Trust, Loan, Ltd. ... — 7 10 Well. Gas (pref.) 0 10 9 0 11 0 Well. Meat Ex. (£212 fid.) 215 0 - Union Steam (prof.) 1 0 ( - - Westport Coal ...... 18 3 19 0 Kauri Timber (155.) 014 6 — Wilson's Cement (ord.) ..126 — Sharland (ord.) 14 6 —• Sharland (pref.) 14 6 — W.F.O.A. (£5) - 5 2 0 Customs duty, collected at the port of Wellington yesterday amounted to £2984 7s. 9d. AUCKLAND WOOL SALES. .By Telegraph—Press Association. Auckland, February 24. Tho standard of values for better-class wools set by the recent sales in tho suutli was well maintained at to-day's sale. Values were almost equal to those of the first sale in November, with a decline of about id. for some sorts. The demand for waste : aingy wool was a shade easier, and compared with November prices, which ivei'e exceptionally high, values were probably lid. lower. Pieces sold well at November rates, secondary ana seedy 4 lot's were neglected, and many lots were passed without any bid. The catalogue comprised 13,405 bules, a record for this centre. The buyers' bench was occupied by about 30 representatives of Bradford ana New /Zealand interests only, the only other buyer | being a representative of a French firm. Though competition for selected lots was keen, the safe generally lacked animation. Many of the growers had evidently expected a. rise in prices for second-class wool, and fixed their reserves on the basis of values at the November sale. As a result many lotfi were passed. Tho market was very strong for light-conditioned Hoinney wools, while Lincoins and coarse crossbred were also in good demand, Best quality, well-grown, clean lambs' wool sold at sSntliern value, but secondary and soedy Qualities were neglected, and a. number of the lots .wore passed without any bid. The highest price paid lor greasy wool during tho sale was 18-2(1. for four bales of fine crossbred. The following was the range of prices:— Nov. 1915. Feb. 1916 d. d. d. d. Fine halfbred merino ... 17 to 7!i\ 11 to 18J Fine crossbred 17 to 21 17 to IBS Shropshire and Komncy 15 to 18i 15 to 174 Medium crossbred 14 to 17 14 to 173 Coarse crossbred and Lincoln 13 to 15 12 to 16 Inferior logstained and cotted 12 to 14 10 to 13 First pieces 10 to 125 9to 13 Second- pieces and bellies 7i to 9J 9to 143 Orutchings , 9 tollj 9to 11 Locks 6 to 7j 4to 7 LONDON WOOL SALES. Messrs. Dalgety and Company, Ltd., Wellington, have received cabled advice from their London offices that the dates of their own tales for the March series have beeu fixed as follow:—March 2, 8, and 16. TALLOW SALES. By Telegraph—Press Association—Copyright (E-ec. Febriiary 24, 9.25 p.m.) London, February 23. At the tallow sales 443 casks were offered, and 2?0 were sold. Mutton, fine 545. 9d.. medium 495.: beef, fine 525. 6(1., medium 475. PIG-IRON.'' Pig-iron is quoted at 85s. 9d., as' compared with 9fe. 9d., the quotation of a few days ago. The market is demoralised on account of the Government restricting the Selling prices. , AI'STBAEIAN PRODUCE MARKET. (Kec. February 24 , 9.25 p.m.) Sydney, February 24. Oats, Algerian feeding 2s. Bd. to 2s. 9d., milling 3s. to 3s. Id.; Tasmanian oats, 3s. 2i1.; -barley, feeding 35., molting 45.: maize, local, ss. 3d., South African 4s. 10d. to ss. 3d.; potatoes. Tasmanian £14 10s. to £15 10s., New.Zealand, nominal; onions, £3 ss. to £3 ICS. Adelaide, February 24. Bran, llid. to Is.; pollard, Is. l!d. to Is. 21d.; oats, feeding, 2s.

WELLINGTON SUA It Ft MARKET There was nothing doing in the mining market yesterday. The quotations were as under;— Buyers. Sellers. » £ s. d. £ 0. d. Dominion Developing i* 15 0 — Ross 0 0 2 ' ~ Talisman 015 0 0 15 6 Waihi 116 3 — Grand Junction — 10 0 Worksop Dredge — 111 0