COMMERCIAL ITEMS.

Dominion, Volume 4, Issue 1035, 26 January 1911, Page 8

COMMERCIAL ITEMS.

INVESTMENT SHAKES. A sale of Wellington Trust and Lnan at £7 lCs. was the only .transaction reiorded in investment shares yesterday. Tho Quotations were as under:—

' Customs revenue collected at the port of Wellington ycEtef day ■ amounted to £4561 19s. 3d. : ' : -GLTCEEINE. . About sis weeks ago a cable message stated .that there had been a. very big advance in the Quotation for' glycerine, and mail, advices bring confirmation o£ this. Chemically pure glycerine has advanced to over. £100 per ton, which -represents an increase of almost ICO per cent, duriug tho past l two years. Crude and dynamite nullities oi glycerine ' aro free of- Convention control,, but the prices of chemically pure elyoorine- arc effectually regulate* , , by two Conventions, one embracing British makers and the other-Continental makers. These act independently of each other as regards prices,.but they have a, working agreement as to the. limitation of competition in their .respectivo spheres. The British production .amounts to about 13,000 tons per annum; the French to 14.CC0 tons, the German to 90CO tons, the Spanish and Italian together to 4COO tour; and -American manufacturers '.produce about 20.CC0 tons, in addition to which quantities ranging from 15.000 to. 19,000 tons are annually imported from Europe. The unprecedented advance m ■ prices 1133 been due to ?in exceptional combination of circumstances. On the one. hand, the costs of production have been increased owing to tho supersession of glycerine-yielding tallow by paraffin wai on tho part of soap.manufacturers; also, the very high price of soap-making oils has traded to limit tftheir ,use and divert ■he demand to non-glyccrine-vic'.ding fats. On , tho other han<'.. there has been-a marked increase in l.he demand for high explosives in. consequence of the many important constructive undertakings now in progress and tho great "expansion that has taken place in>tho-minine industry. Very '.irgc -quantities arc beinr. used in connection with the construction of the Panama Canal; .Canada has been a big buyer Jr. connection with railroad construction, and during the last few years tho Consumption of high explosives by tho Roiith African gold • miner .has ' doubled. Failing either a dedinc in tho priw of wrap-making oils and plyccrinc-yieldiny fats or a. marked slackening in conerri'l industrial activity,-tho- present high level of values seems assured for many months

• SILVER. By Telceraph—Press Asßoi:!al,ion—Cop.7risli: .- London, January 24. Ear silver is quoted at 24- 1-iHi, per ounce- standard. • • . ■ ■ SHARES.AND DEBENTURES, SyTolcEi-apU--Press Association-CoiiyrlElit ''• London,■ January 24. The quotations for Anglo-Colonial Company shares and debentures are unchanged rince last week. , . ■.'.... ■ • ■■.- . ■■ LONDON WOOL SALES. .'■■• ... AMERICANS OPERATING. Dy-Teiograph-l'ress Associntian-Lopyrijht •■ .' London, January' 24. • At the wool sales prices are' firm, • with increased competition. • Faultios' .".re' still weak. Americans are operating, in best New Zealand crossbreds, but .-the Home trade is'taking the bulk. ■■:■', ■■' .<'. WOOL AND HIDE REPORT.' "' Messrs. Dalgety and Co., Ltd., . report having hold their usual said of wool, 1 skin, hides, and taUow at Daiinevirke on Tuesday, when they offered a largc.ontry of hides, and a. good catalogue. The usual number of buyers was present, but prices for wool aurt skius showed a decline on' lasrt sale ,r.ates. Competition .for hides, however, , was keen, and pricc3 were in advance of the November shlea. Wool: Crossbred flccco. 6d. to . 6Jd.; cropsbrcd lambs, sJd.to M.; bellies, 43(1.; bollicr, and pieces, 4d. to 4Jd.; lock;, 3d.; dead, 45rt.; hxlfbred, 7d. - Skins: First crossbred, 53d. to 6Jd.; second.-4}'d.. to s}d.; hoggets, 4>d.; crossbred, dead, 3d. to 4V1.; lambs, 5d., Eld,; crossbred,.broken, 3d.; best ■pell«, la. 3d. to Is. 6d.; inferior 6d. to lCd. Hides: Best': ox;' 7d.; medium ox. 6d, to-6'd.; staggy, 'U-: best cows, 53d. t-o 63d.: medium. 53d. to s'd.: slippy.'".':d.; cut, 4i!d.; ycaiiinjrs. 5d.; calfskins', 5',('.. to f J d.; cut, SUI. to 5!; d.; riippy, 2d. Tallow: Iγ. cask's, 2Ss. to 225. 6d.: in tins, EOc. 6d. to 2<s. 6d. Tails, Is. 4d. per dozen.

Buyers Sellers. £s.d. £s.&. National Bank -5 15 0 - Bank'N.z :'. 10 12 6 -. Equitable Building 9 15 0 -' uollinstoa Investment ... OHO 0 11 6 Well. 'Truss ami- Ltfan ... 7 16 0 -■ Oiiristcburck Gas 10 0 0 10 5 0 rcUdlne Gar, 119 Uisborne Uau il) 1 — Wellington fias (£10) 19 2 6 - Wellington Gas (£6 15s.) . 13 15 0 - Gear Meat (£■) 3 2 0 - Meat Export (52.!. 6(1.) - 3 3 0 Kaiapoi Woollou ; S 1 6 — Wellington -Woollen (oril.) 3 15 6 317 6 Well. Woollen (pref.) 2 16 0 — Taupiri Coal 10 9 D.I.C. preference — 1 3.3 Maiming and Co 4 7 6 4 11 6 Miramar, Ltd - I) 2 6 IN.Z. Con. Dental 1!! 1 3 S I N.Z. Paper Mills 13 0 - Sharland's ordinary 119 — Sharland's preference .... 119 — Taxanalti Petroleum 0 11 0 — TaringanmUi Totara. — 2 6 6 Ward, and Co 5 0 0 5 10 Whitcombe and Tombs... — 6 7 0