Business Gossip

Sun (Auckland), Volume 1, Issue 82, 28 June 1927, Page 2

Business Gossip

London Wool Sales,— Under .... 27. the London office of DaEL,5*" Josable: bales; Se W Zealand, r. American. 17,000 bales; 'carried 35.200 bales. FROZEN MEAT~VALUES_n , date June 27. the Auckland office eta New Zealand Loan and Mm,,?' Company, Ltd., advise reeetnt following cable from London- v?! Zealand frozen meat: Lamb Bid * (average) : mutton, wether and VS/l owe, light 6d a lb., heavy 4M tt ‘ M * s light 4gd, heavy 4*d. ' *** English Fruit Market*:— t: nd -, . June 27. the Auckland office of ,1' Zealand Fruit Export Board advise receipt of the fouS cable from B. and J. Shaw of U The Somerset shipment: Extra Sturmers made 16s to 20* 6d . _ - bulk, 19s to 20s. A few Rokewood made 19s to 25s i ca«r° I? demand is strong." *« Canada's Nation*! We»lth._Can**. national wealth, exclusive of ir. developed natt-al resource*. 1. daily estimated at 22,195 milUor lars. or 2.525 collars per head of tb population. Agricultural wealth I* . Unrated approximately at g.OOO n.lltu' dollars, urban property at 6.000 amt dollars and railways at 2 000 ml mil dollars. Altogether the of the Dominion to-day is estimated*,‘ be fourteen times as great a* »t ikl time of Confederation 60 year* aeo » official figures give Ontario a. ££2* mg about one-third of the nat w wealth, but the Yukon come, for , the province with the highest w U per capita wealth. 4,058 dollar., / Saskatchewan next with a ner average of 3.757 dollar*. All the*.« timates, says Reuter’s Ottawa corm pondent, are based on the return. the last census. Union Assurance Profits. With paid-up capital shown on the balamu •sheet as £50,000. the directors’ anSS' report of the Union Assurance Socien Ltd recommends the distribution of a dividend amounting to £IOO,OOO Th! balance to the credit of the profit a* account is shown as £IOI.BM 11! lOd. In the fire department the i»for 1926 amounted t 10s B<3, The net premium* for 1 92d amounted to £1.297 154 19|« From the profits of this departments suin of, £65,000 has been carried ta profit and loss, leaving the fire iraurancefund at £1,340.271 14s Id. In thaccident department the net premium o dur i n ° 1926 amounted to 3s ld - rrhe net Premiums for 1920 amounted to £520.730 19s sd. I rom the profits of this department tit sum of £IO,OOO has been carried to profit and loss, leaving the accident insurance fund at £352,647 10s 3d. MINING NEWS Murchison Oil Co.—The latest rtLr. from the iVlurchison Oil Company’s dot* ‘ De P th of 2,275 ft., CMin* aa ?<**tone and mudstone. A dent at 2,260 ft.-‘ n mmab ‘ e E “ W '“ ‘ ,l ’ Waiotahl.—The mine manager report for the week ended June 25: Tht , arive hillward for the Waiotahi-Cambr'a reet has been advanced 12ft, and t*e sets of timber placed in position. Whtr. this country is passed through the rwl may be expected. Maoriland.—The mine manager report* for week ending June 25:—The crowcut east has been extended 6ft., making th* total distance 35ft. The country continues to be of first-class description, wUh quartz stringers crossing the face, tad by the general appearance the reef nay no encountered at any time. Som* r»* pairs have also been effected to the So. 4 level. Moanataiari.—The manager repert*.*The drive hillward on the reef has been extended 2ft., a total of 55ft. The reef here averages 6ft. wide and is makic? more quartz. The quartz still carrie* a fair amount of mineral blendand tilica The drive seaward on the reef has be*r: extended 6ft., a total of 84ft. The W here averages 4ft. wide, but is still ?ery much mixed with pug No. 2 wimse on the reef seaward end has been sunk 3ft. * total of 20ft. We are now down to the water level in No. 1 winze, where tlw pump is working. The reef in the averages 4ft. wide and is still ft strWS body of stone and looks very proiristol carrying nice mineral blend and buk*Dabs and strong colours of gold ftf* every day. A drive toward No. 1 has been made. The reef here also lool* very well, and 31b. of picked stone were secured. Dabs of gold were seen r the stone. No. 1 stope on reef end has been extended sft. a total «n 33ft.