COMMERCIAL ITEMS.

Dominion, Volume 4, Issue 1089, 30 March 1911, Page 8

COMMERCIAL ITEMS.

INVESTMENT SIIAP.KK. There has been a shorn advance in fiear Ileal, shares, .'sles lieinc recorded yesterday at 70s. Krom this it is fair to assum.c that- investors expect an increased dividend, lr.it there are no market rumours to that effect. All the meat companies are believed to be dainjr well, that is to say, it has been an active, season. That, however, do:-!' not necessarily mean bis: profits. Tun In'.ying and selling quotations were a,s under:— Duveri Sellers £ s. d. £ s. d. National Bank - .616 Hank of New Zealand ... 11 5 0 11 7 0 Clear .Heat (ZCs.) 3 8 0 - Moat Export iKs. 6d.) 3 2 0 — Union Steam 1 18 9 - Kniapo:- Woollen 5 5 0 5 10 0 Wei!. Woollen (pref.l ... 3 0 0 Wcnport Coal 1 'J 0 19 9 Leyiand-O'Brien - 17 0 Manning and Co — '' <f J Miramar, Ltd - , ° * ° N.Z. Con. Dental 12 6 - N.Z. Drug = 90 - N.Z. Paper.Mills - \ \ ° Sharlanrt's ordinary — 1 * lj Tr.ranaki Petroleum — S " ? Ward and Co - 5 0 6 Wil'on's Cement tord.) ... 2 0 6 Wilson's Cement (pref.)... 2 2 0 — EAILV/ATS IN CANADA. According to tlio report of the Comptroller of Statistics of Canada, there were in operation in Canada, on June 30 last, 24,731 miles of railways, this amount representiup; a. doub'ins; of the railway mileage of Canada i= 22 years. During the year ended June -Vi. 1910. 627 mites were added, of which 519 miles were laid in the threo western prairio provinces and in British Columbia. The 24,731 miles reported as being in operation do not include, however, a/ considerable mileage in actual operation, hut officially regarded as under, construction. The mileage under tho latter designation and available for service totals 15C0 miles. About 45C0 miles of line were officially estimated an beir.s actively under construction on June 30 laut. During the past four years there has been ai: increase of 2279- miles of main line, 176 miles of second track line, and 1063 miles of yard track and sidings, making a total increase of 3318 miles. Dnrins the year £20,360,0 M was added to the capital liability of the railroads, and tho total of outstandini obligations was brought up to £280,059.533. During the year cash subsidies to the railways amounted to the total amount of cash subsidies to tho Canadian railways is thus brought tip to £29.384,634. Heavy land grants have also been made. LONDON WOOL SALES. Tho London woo! ra!es have kept very firm almost from tho opening day, and tho tendency at times has »*en upwards. Fine woo!<s have risen slightly, but coarse wools have beer, unchanged. The market has received considerable support from tho Continent, and had tho United States operated prices would have gone up with a, bound. The buying on th-j part of Continental houses is somewhat surprising in view of the report-3 by mail of tho conditions of the textile industries.

BItITISH TRADE COMPARED. •Tho trade of tho principal countries of the world showed an enormous expansion last year as compared with 1909, and uudor both imports raid exports tho figures for the United Kingdom were by far the largest. The imports for 1909 and 1910 show, as under:— Imports. 1909. 1910. Germany 419.2~D.CC0 423.285.CC0 Belgium 139.545.C00 150.279.CC0 Franco 249.545.C00 275.394.C00 United States 307.400.0C0 525.585.CW United Kingdom ... 5J3.360.CC0 574,664.000 The incrcaso shown bv the United Kingdom is no less than .-E41.3C4.0C0, while the German increase is only £4,045,CC0. Exports. 19C9. 1910. £ ■• ■ £• Germany 324,222.000 367.133.CC0 Belgium 1C5.929.0C0 114.244.C00 Franco 228.722.C00 240.229.CC0 United States 354.317.C00 380.662.0ri! United Kingdom ... 373.180X00 450.590.GC0 Uv- tier this head the trr.de of tho United Kingdom shows an increase of £52.410.C00. while .the German increase is £4" v 3H.000. Tho figures arc net. the re-exports bcinir deducted from the imports and omitted from the exports. Customs duties collected at the port of Wellington yesterday amounted to £1757. LONDON WOOL SALE'S. By Telegraph—Press Association—Copyright London, March 23. The wool market is firm, and prices unchanged. Continental buyers were .keenly competing for good merinos. Messrs. Levin and Co., Ltd., have received the. following prices by cable for wool sold at the sales now current, being Ihe average price for the fleece wool:— Ilinckura, Maryborough. 93d.; DHIt, Tsnui,' 93d.:Paerau over Pukckaka, Moawhango, 9Jd.; B over Fernglen, Urite. 9k1.: II and 0 M, Greytown. 93d.: YVC. Tenni. 8 5-16 d.; J and A T .7, Onaki. BJd.; Lansdov.no. . Marlborough', Is. OJd.j Richmond over Brook, Marlborough. IOJd.-. Mabaki, Martinborough, 93d.; JS over C, Nelson. 8 15-16 d. . PROPERTY SALE. Messrs. A. Ij. Wilson and Co.. submitted to auction yesterday, under instructions from Mr. E. J. Riddiford, his block of 34 acres, having frontages to Middle Waiwetu Koad and Knight's Road, Lower Ifntt. The auctioneers' renort that keen interest has been evinced in the disposal of the property by intending purchasers, who were well represented at the sale. Bidding opened at £150 per acre, and was carried on to £160, at which figure it was passed in by ihe auctioneer, Mr. A. L. Wilson. It 13 now open for private sale. MINING NEWS. WELLINGTON SIIAEE MARKET. WaihiG weakened yesterday, and were sold down to £5 4?. 6d. Talisraar.s were firm. The Kapanga mine has been unwatercd, and, in the old .shaft which was found to bo in fairly good condition, stone broken from the reef showed gold, and some picked stone was obtained. The chares, which were difficult to sell at 4d. a few days ago. changed hands yesterday at lid. The sales recorded were as under:— Kapanga, 9>d„ IOJd.. lid. (third call). New Sylvia. 2s. lOd. (first call). Saxon, 2s. 2d. (third call). Talisman. 495. 3d. (first call); 435. 6d. (second calf); 495. 6d. (third call). Waihi, 655. (second call); 645. 6d. (third call). The buying and selling quotations were as under:— Buyers. Sellers. £ s d. £ s. d. Con. Goldlields 017 9 - Kapanga 0 0 9 0 0 11 Kuranui Caledonian 0 11 ■ 0 13 May Queen .: 0 110 u 2 U New Sylvia 0 2 10 0 2 11 Progress .'. : 0 9 6 — Saxon I) 2 1. 0 2 3 Tairua Broken Hills 0 10 — Talisman 2 9 6 2 9 9 Waihi : 3 4 6 5 4 9 Waihi Grand Junction ... 1 7 3 17 9 Watchman — 0 2 7 Zechau Consolidated 0 0 5 I) u S STOCK EXCHANGE. (By Telegraph.—Press Association.) Auckland, March 29. Business dono on 'Change this morning:May Queen, Is. lid. New Sylvia, 2s. lOd. Saxon, 2s. 2d. Waiotahi, 2s. 7d. Watchman, 2s. Ed. it Zeehan (con.), sd. llauraki Reefs (con.), 7d. Mount Welcome (con.), 4jd. Golden Hope, 3d. Kuranui, 3d. Kapanga (cou.), 6d. to Hid. Crown, 3s. 7d. Golden CroFc. 9d Talisman. £2 9s. 6d. Waihi, £3 4s. 9d. Grand Junction, £1 7s. 9d.. £1,75. 6d. Waihi-Paeroa. (paid), 10s. 6d. The following business was done at the 3.15 p.m. call to-day:— Kuranui Caledonian. Is. Id. New Sylvia. 2e. lid. Waiotahi. 20. 7d. Zeehan Consolidated, 4ld„ <d. Rrcmner's Freehold, 3'd. liauraki Reefs (con.), 7d., 7Jd. Hauraki Reefs (paid upl. Is. Kapanga, lid., lUd.. !od. Talisman Consolidated. £2 9s. 6d. Waihi, £3 4s. 9d. Waihi (Irami Junction. £1 7s. 6d. New Zealand lusurancc, £4 Bs. South British, £3 10s. Dunedin, March 29. Stock Exchange sales:— Rise and Shine. £1 10s. Waihi, £3 4s. id., £5 4s. 3d. Sales reported :— Waihi Grand Junction, £1 7s. 3d Waihi, £3 4s. 9d.