COMMERCIAL.

Dominion, Volume 1, Issue 296, 8 September 1908, Page 8

COMMERCIAL.

N THE SHAEEMARKET. Yesterday brokers were' able ' to' report, '-a' couple of sales of investment shares.' Gear i / Meats, £1 paid, had quittance at 495., and New ' ' Zealand Insurance sold at ,£3 lis. Bank shares exhibited a weakening tendency; Bank of., New Zealand 6hares were on sale at .C 8 IBs. '6(1.; , National Banks, buyers £i 19s. Gd., sellers £a Is. 6d. Financial shares were neglected; there wore Boilers of Wellington Investment shares v . at lis. fid. and Wellington Deposit at'9s. 3d. Teilding Gas shares have improved slightly, ' buyers now offering 195.; Port) Chalmers Gas, buyers 205.; National Insurance, sellers 285.; South British Insurance, sellers «C 2 15s. Gd.; Standard Insurance, sellers J3l 2s. ex. djv.; Manawatu Rails, buyers .£2 Bs. 6d.; Welling- ; : ; ton Steam Ferry, sellers 17s. 6d.; Wellington ~ TVoollen, sellers .£3 95.; Westport-Stockton Coal, sellers 9s. 6d.; Donaghy Rope and Twine, sellers 235.; Kauri Timber, 15s. paid,, buyers 14s. Gd., sellers 14s. 9d.; Leyland-O'Brien Timber, buyers £2 4s. Gd.; New Zealand Paper Mills, sellers, .£1 3s. 3d.; Sharland's (ordinary) ; sellers 205.; Taranaki Petroleum, sellers 4s. 9d." . THE MINING MARKET! ' There was a sharp upward movement in i Talismans yesterday. Local brokers had orders . for several hundred shares, w-hich helped the : . market very materially. .On Saturday and up to noon .yesterday the sales of Talismans, as , reported on the Wellington" Stock Hxchaiige., , wore'.—3ss. Gd., 255. 9d., 365., 375., 385., 395., 89s. 3d. This steady improvement''.must be - . gratifying to the holders, and should. prove, . ■ encouraging to those who have.been anxious to sacrifice their shares. Yesterday's quofa-' tions were as under •— ' i .Buyers. Sellers. Sales. ■£ s. d. £ & d. £ s.d. i Waihi _ — 9 0 0 — ■ Talisman 1,19 0 119 6 . 1119/3 . •• •. N.Z. Crown — 0 3 8 \ — Tangiaro — 0.1 5 tBig River :. 112 0 114 0 — , ' New Ulster, 2a. 3d.' paid 0 2 0 3 3 — .' . AMERICAN RAILWAYS..','. The United States depend yery largely upon; i ' the railways for • transport facilities, and 'in 1 - that country the .development and extension,. . of railways is a very- important matter. The Inter-state Commerce Commission has issued . its Twentieth Annual Statistical Report for the year ended June 30, 1907, which gives,some j ' idea of tho American railway system, ; The • aggregate length of railway mileage, including tracks Qf all kinds, was 327,975.26 miles, or an increase of. 10,892.07 miles, compared .with' the" previous, year. 'There' w.efe,' ; / the carriers 55,388 locomotives and 2,126,594 oars, but not including the private cars of commercial firms or corporations. The number of persons reported as. on the pay rolls of the ■ railways in the United, States, on June 30, 1907, . was 1,672,074, which is equivalent to:an average • " of 735 employees per 100 miles,of..line;; The>. total amount of wages and 'salaries .reported; oft-, •, paid to employees, during the year was . ; .£214,477,235. The'number';of passengers carried VI by tie railways during the year was 873,905,133, • : . . this being, an increase of 75,959,017 more than , for the previous year. The number of toils" ". ''of freight shown as carried was .1,798,336,659, , which exceeded the tonnage of the previous year by 164,962,4-10 tons. The gross earnings of the railways for tho year ended June, 30, ,1907/ were i£517,521,115, and the operating expenses- ; were .£349,703,163. The amount of dividends . . declared during the year totalled ,£63,627,585, leaving as the surplus from the operations of , the year <£23,264,653. ■' AMERICAN ARMY SUPPLIES : , The Department of Industries and Commerce has received, through its Sydney agency, particulars of tenders invited"fof^thO',supply of . : potatoes and onions-to tho American Army sttt- •> tioned at' tho Philippines." It is' estimated; tliat'600,0001b. of potatoes and 120,0001b. of onions . will be required each month. Tenders, which have to be rendered' .in;:•triplicate?'' 1 icloso .at: i. . Manila, Philippine'lslands,'at 11 a.m. ton iSep- • ' tember. 17. ■'< ■ '■■.-y-- ■■■— ■ \ The Customs revenue'collected at: Wellington* ■ yesterday amounted. to .^733:125. ;;3d., v , THE FROZEN MEAT MARKETf-V "V; . ' (BY TELEGRAPH—TOESS ASSOCIATION—COPYRIGHT.) , London, ScptcniL&r 6. The Frozen Meat Trade Association's Smith- - field. Market quotations- for tli.„ eundermen-. tioned classes.-of frozen meat;. based actual sales of not less than one hundred "carcasses of mutton y or lamb, or, twenty-five carcasses of beef of fair average quality. - 'quotations are not for selected lines, Tiiit' for 4 parcels fairly .'representative' of rt the bulk of 1 the shipments "now on the market:— - 'NEW ZEALAND. • . ~ . Sep. 6. Aug..3o. '~ MUTTON- ; d. . d. ! . . Canterbury, light" ... *. "" .. .'• Canterbury, medium ■■■ < t Canterbury, heavy-', t ' ; North Ifland,'best brands'-.;: —'i...''' sf" ; '• '■' LAMB— , ( V ■'■'■"'■ '-■ i |. Canterbury, /light;' -... Inot qiioted'• ' j Canterbury, medium ... ... — 5 5-16 : Canterbury, heavy ... ... not quoted >- Dunedin and Southland ~ ... not quoted .: u ,: , ' " ) North Island: . ... ... not footed :.' •„ !• "' BEEF- ' New Zeafiind, fores ... ... 3? 3 5-16 : New Zealand, hinds 4J 4} , RIVER;.PLATE: .-.••• /.., '• Mutton,' light..',... 3f . —~r . Mutton, heavy 3 3-16 : ~' tßeef, fores ~... ... ... 3? '•■- 3 5-16. : -i . Beef, hinds 4J . If Jjl :! / ... OTHER MARIvETS! ..... ' | _ i ■ London. September 6.. Copra.—Fair business. South Seas, in bags, ; £16 15s.r to , •. Hemp.—Market' quiet', and prices l nominally ; 'unchanged.' 'V' ' ' _ Rabbits.—Market firinj.with:deriiand 'steadily;, improving. ■ • V- / ~' Ce'inent is quoted at "ss; Bd. for first and'ss. Id. for second brands. : THE 'METAL. MARKETS. ' j' ■■ London, September" 6: , Copper, 15s. • Tin.—On spot/'#l3l ss.'; three se. - Silver, 2-ijd. Antimony, «£B. log. to .£9. ; Tinplatos, 12s. lOjd. and 13s. 10Jd.- - Tram rails, £i 19s. ~,, ..... ! - MINING SHARES. ; London, 6;..:' Waihi gold mining shares, buyers £0 2s; 6d., sellers ss. V ' , MINING NEWS. • ICOMATA REEFS. I {BT TELEGUAFU. —Sl'F-CIAI. COHKESPONDUNT.) X ; Auckland, September 7. The .following information has . been cabled Home to the directors of the Komata, Reefs. Gold Mining Company by the mine manager:— Tho drive north on No. 2 reef .at No. 5 level V has been extended from 419 ft. to 432 ft.' The' ■ average .value of the ore .is £2 13s. per ton, I and the width of the lode is 4ft. ' Tho drive ; j north on No. 2 reef at No. 2 level has been ex- ; tended from ,554 ft.. to 573 ft.' The average' widtlY ■ of the reef is 3ft., .and the average valuo Us. -j The last sample from the face of the;drive wasworth £2 per ton. The mill is crushing .88 tons of ore per 2-1 hours, of a value of 355. . per ton. • ; STOCK'EXCHANGE; (iIY TELEGRAPH —PRESS ASSOCIATION.)' ' Dunedin, September 7. ...j Stock Exchange sales—Electric (two parcels), 4s. 6d. ; Milburn Lime and Cement (XI), XI 10s. ■ Stock Exchange quotations:—Dredging stocks: Alexandra Eureka, buyers ss'., sellers 45.; Electric, buyers 4s. 6d., sellers.ss.; Enterprise,-self Jers, 35.; Golden Bed, buyers Bs. 7id.,.sellers 10s.;; Golden Treasure, sellers i£2; Hartley and Riley, 1 buyers 18s. 6d.; Lady Roxburgh (contrib.), skiers Bs.; Masterton, buyers £2 175.. 6d.; Mami-, herikia, sellers JEI; Molyneux Hydraulic Co.'s dredge, buyers Is., sellers 35.; Mystery Flat, sol-' lers £i\ New Alpine Consols,' bpyers'7s: 3d., sellers 10s.; New Trafalgar, sellers';£l; Wai- : kaka Queen, sellers Cs. Mining, .stocks:. Big j. River (ex. div\), .sellers ~J!1 'lis., " Quartz, buyers 2s. (premO^Cr'owrii.Mines, buyers 3s. 9d.; Hercules, buyers lis.- 6d.;-. Talisman Consolidated, buyers ill'l9s. lid., sellers £2; ; Waihi Grand Junction, sellers -£1 '12s. 9d. Inyestment stocks: National Insurance, buyers il 17s. Gd.; New Zealand Insurance, buyers ! 14s. 6d.; Union Steam Ship i'.' JBI 155.; WestpQrt Coal Colnpany, sellers.iG6i.Ss.:;.; ; Perpetual Trustees Company, sellers • 18s. -6d ;• Milburn Li mo and Cement .(-El), buyers, XI 9s. 6d.; New Zealand Drug Company,--buyers. £2 < lis., sellers .£2 12s. 6d.; New Zealand Paper Mills,, sellers ,XI 35.; New, Zealand- Portland, Cement, buyers XI 6s, 6d., sellers ,£l Bs. ;.,New, Zealand Portland Cement" (new issue), buyers fis. Gd., sellers "Gs.; Kauri Timber (contrib.), buyers 12s. 6d., sellers lis. 4-Jd.