COMMERCIAL ITEMS

Dominion, Volume 9, Issue 2823, 14 July 1916, Page 8

COMMERCIAL ITEMS

.. LONDON WOOD SALES: The Department of Agriculture, Indus-trics-'and Commerce has received' the following ■ cablegram from tho High Commissioner .' for New • Zealand, dated London, July 11:—"The wool sales have commenced, and buyers are in . large attendance. Home buyers prohibited from purchasing English wool are v competing freely. The market is strong for all Kinds of .merino, which are in small 6upply. Prices have improved for all kinds of merino by 2d. per lb. ■■ Fine crossbreds, all grades, are id. per lb. higher. Prices for medium and coarse crossbreds have fallen id. per lb. lower than closing rates last sales. The total net quantity of New Zealand wool , available is 59,250' bales." (Note.—The estimated values given by-, the High Commissioner in his cablegram on the last wool 6ales are as follow Superior merino. Is. 9d. to Is. lid.; medium merino, Is. Ed. to Is. Gd.; inferior 'merino, le." Id. to Is.; • 4d.;' fine crossbreds, all grades, Is,. lOd. to 25.; medium crossbreds, i all grades, Is. sd. to Is. Bd.; coarse crossbreds, all grades, Is. 3d. to Is.'6d. f , Messrs. Levin and Co., Ltd.,,have received the following cablegram from their London agents:—"Merinos have advanced 5 per cent, to 10 per cent., and fine crossbreds 2J'per cent. Medium and coarse crossbreds are par to 5 per cent, lower. Slipes generally aro unchanged." .HIDES.. Australian-New Zealand Cable Association. Melbourne, July 13. . Hides.—The market reports small catalogues and better competition, especially for lights. Prices are unchanged.

AUSTRALIAN PBODOCE MABKETS. (l!ec. July 13, 8.20 p.m.) Sydney, July 13. Oats, Algerian, .feeding, 2s. 8d„ 2s. 9d.; milling, 2s. 10(1., 35.: Tasmanian; white, 35., 3a. Id. Barley, 3s. 5d., 3s. Bd. Maize. 4s. 6(1., 4s. Ed. Potatoes, Tosuianions, £7 10s., £9 10s. Onions, £6. Adelaide, July 13. liran, £4 10s. Pollard, £5 10s. Oats, Is. 10d., Is. Ltd. Customs <luty collected at the. port of 'Wellington amounted to £'3918- ss. lid. MINING NEWS STOCK EXCHANGE. By Telegraph—Press Association. Ounedln, July 13. Sales: VTailii, 375.; Union Steams, 345., 345. fid. (five parcels). MOUHT MORGAN MINE. Australian-New Zealand Cable AE«ociation. (Kec. July 13, 11.25 p.m.) i , Brisbane, Jilly .13. The annual report of the Mount Morgan Company shows that the income totalled £1,264,791, and the expenditure £978,010. Dividends absorbed £250,000, while £36,781 was carried forward. WAIHI HEBFS GIGANTIC. The mine manager of the Waihi ReefsGigantic Consolidation, Ltd., reports for the week ending July 8 as under"Driving in No. 2 shaft has been continued in north face at 300 feet level, and the total driven to (Kite at this point in a due northerly direction is 101 feet. Seven additional feet .were driven at Tight angles as <1 crosscut into v/est, irall of reef system to test values; and at 100 feet north we are crosscutting into east' wall and have progressed four feet, thus making total driven on north side 112 feet-. Up to about 90 feet the reef was strongly aclihixl and quartz light in colour, but from that measurement forward sdark rubbly quartz came in from west side, and with it a little water. I decided to cut into east wall a few feet in case main body had been • forced in that direction,. but the face due north will be continued without much delay. The change - has brought in more mineral, and it is important to keep drive going north towards the centre of property. Tile exceedingly wet season has caused a little additional water in shaft, but this is easily overcome by occasional, baling."