COMMERCIAL ITEMS.

Dominion, Volume 5, Issue 1305, 7 December 1911, Page 8

COMMERCIAL ITEMS.

INVESTMENT'SnABES. A sale of Wilson's Cement at 4Cs. 6d. was the only transaction recorded yesterday. The buyiDE and sellins quotations were as under:— . ( • Buyers. Sellers • . £s. d. £s. d. Fonitahle Building 9 15 0 — Well. Investment 0 11 G 0 1! 0 Well. Trust and Loan ... 7 10 0 — Christehurch Gas 9 10 0 — Gifborne Gas _ 3 0 0 Well. Gas (£1(1) 18 7 6 - Well. O.is (£6) — 9 0 0 Well. Gas. (pref.) 0 3 0 0 3 6 Meat ...... 14 15 0 — Wnll. Woollnn (pref.) ...... — 3 0 0 Hiknrangi Coal — 10 0 WesfDort 17 0 18 0 T.evlnnd. O.'Drien 18 6 — Banks Com.. Ltd — 10 0 filde'n Bay Cedent 119 — ■"-niiiTH; o"d Co. 4 0 0 — N 7,. Con. Dental — 12 9 N. 7.. Drue 5 = 6 _ y.7.. Paper Itills 0 19 9 — Ward and Co 5 0 0 — Whitcombe aim Tombs... — 6 13 t

■ A STJCCFSSFCI, STATE ENTFEPBISE. The Smith Australian Onvei-nmnnt ProiltKe. Department was started 16 vr-ars aco. and its eTnausion •')«« been rcmorjtable. Tt has not only proved to be.a mos}- valuable a=."f. to the Stat.-, biit a source of convenience to all elapse ll of nvdncrrv * 0 tain uo"d Tn-.rirot,, .-broad lor their nroduee. The Minister for Atrri-nltnw i>r.lnt« 0"t- t.bat ybnn tlic.fWnmcnt of the <lav otrnred a libera! subcidy to nrivate entnr-n-ise to ereet fron7.ini- -.vor'-'s. .-brj -d>--n----ti.Be was not.taken of it, the Ministry 'detirmlnerl #o ?n' f !r'e a s-'ie-ae wt , -'--t*v v.-orH's' inarknt? eonld be esploit-d The r-r-'d? d, ow fh.it from an cportotmn of only C9.eare<i<ises of muttmi in lf9i .i. n penn.rtTOen.tV exn-iul.-d to 35' P."s farcas.s.es of lamb and mmton in its record year? work. Since 1895 the State has f/ .nt abroad 2,466.076 f\Tvasse.s of fro/.en meat vatiipd at Before tbe Govem'.mcii.j; took over the. e.iport of butter onlv 15 'no- tmd been, c -nt to oversea froni. S--"ith A"str.-tia. record mt.'n outnut. has since, been 1760 tons, and the. total hut'nr oTnorts h.-ve reacb-d en aTirrcsa.fe 0f.'7952.t0p5: vbln«d at .C 79« 933 Tt is estimated that tbc e!Torl« of the DeTv..w«, rt nt bare n total 'value of f.yra.rvn of fmlt :soid in OVTSO.I. trado. t'--records, of the Dcp-artment. thow that, inelncire ,• of manv ix<wlln'n»bi>s it-ms. a lotal.:value of .«2.sfi> ft") lias passed through the depot since 1E95.'

GOIjD in- CT-BCtfLATTOX. Far the Jir«t time fbe roa"rt of the Boyal yiat. iwitcd on Oft»'w 27. e.ccirdia"' the London "Daily Mail." sives the oftieiel estimate of the to]H eoin 'n eii-fjilnti-.i jn 'ii- TTiiit.-d Kinrrdom, T'-n f'ei >'■ £113,000/00, an increase of £13.000 X 00. since 1900. The phrase "in circi'ln'ion" inetudes .the amount, of cro'.d held bv (»■.-. banks in their eoircrs. an amount whi'-b na.s been increasing in recent years. the same time the Mint circulation v'iH be of irroat valno to eronotn)sts tvlio nfl-rt of the increased cost of livine to t-hf* in cold. and. therefore t''c diminished purohnpin? value of the fovo. reini The mintjni? Inst ye-nr lar-oW o\ceedea that of any previous year. Of covealone W-.wm wns m.inted. nnd of hnlf.sovereiffns a nf eps cold' pieres compared wit.h 16.167.814 in 1909 The vn.hie was over more than that of the issue for 1907, when the financial dKturbnnre? led to unusually heavy demands in.tms metal.

m o !',l tonis d " l - v collected at the port of 16a »d ycsterday amounted to £2C25 LONDON WOOL SALES. By Telciraph- Press A; 'seiation-Conrrieht .... T London, Peeemher 5. At the London wool sales, "Gloiidoneid" 1 clip realised; Top price 12d.. average 10Sd.

GERMAN BUYERS ACTIVE. 3y Telesrraph-Prcss AFsoriotion-Coorrtc.

Lcndrn, December 5. There was spirited biddine at the wool sale?. Gorman buyel-s were active. For best merinos there' was an xVmerican ds' mand. Prices are hardening for crossbrcds.

I'vlgety and Co.. Limited. Wellington, have received the following cablegram from their London office:— "Wool sales continue firm and active, with brisk competition. Merino wools, medium sorte scoured are 5 per cent, higher. Crossbred wools-arc ul.-x) 5 per cent, higher. The quotations foT Bradford tops at-the end of, December from 36*5 m> to 70'$ ose the same -as at the end of Ootohgr, with the following escentions-that 40*s show an advance of Id.. 50's a decline of Jd., 56's a decline of ld. t 58's a, decline of 64V and 70's an advance of id."

Tho Zealand Loan and Mercantile .Agency Company, Limited, have received tho cableeram from their London house, under date sth instmt. resardmcr the progress of the sixth series of wool sales:—As compared with- last gales' closing rate?, prices are hisher by-about par. to's ner cent, for lambs, greasy merino medium, coarse greasy cro.»sbrrd scoured merino super., sreasy merino inferior, and creasy crossbred lambs; hicrher by about 5 per cent, for pcourod merino' medium, coarse crossbred slins. fine "reasv crossbred, fino- crossbred slipe, and fine Bconred crossbred; higher by 5 per cent. to-7i per ccnt. for scoured merino inferior' coarse scoured crossbred, medium greasye.rossbrcd, medinm crossbred slipe. and medium scoured crossbred: The sales progress flrmly. There is a fair American demand lor crossbred wool.

Messrs. Abraham and Willia.ms Ltd have received the following cablegram from London, under date December -"TJie sales progress with keen competition-from-n larse attendance. Americans are oner-n,ting-moderately. The . market is very f'Tm. and nro?nects are good. As compared- with the close of last series, merino=— fine, medium, ond coarse crossbred-show an advance of from par to 5 per cent." METALS. Br.Telesraph-Proas Ass.ciatifln-CopTrieht „ - ' , London, December 5. Copper-On the spot. £59 Is. 3d.; three months. £o9 16s. 3d.; cleetrolytic, £01 7s 6d' spot - £M 6: three month"' aIM S3, od. Lead, £15 17s. 6d.

Silver-Bar silver is Quoted at 25 7-16 d per.ounce standard. . WHEAT. Oy Teleffraph—Press As.=oc!nt;oT,_Co ß ynjht , , ." . London, December 5. An Australian, cargo of wheat sold at

IfEAT. FEOSI ARGENTINA. 8j — Press A*>.,?;a tioa—Copyrißhl , ~ London, December 5. Ajsentino • shipments of mutton totalled *69.977• carcasses; lamb, 117,450 ca.rcas<c«fro7.cn beef, 113,974 piccc;-, chilled bee'f' 190.,223 pieces. '

AUGENTINE SHIPMENTS. The Commerce and Tourists Division of the Department of Agriculture, Commerce and Tourists has received the following from Buenos Ayres, dated December 5 —

Tho following shipments of produce were dispatched from the Argentina to the United Kingdom ports during Novemh n r 1911 (compared with November. 1910)— " '

"11. 1910. Frozen, quarters 122,[C0 125 650 Chilled boot, quarters 190,M0 172 805 Frozen mutton, carcasses 270,Cf0 jOSMS Frozen lamb, carcasses ... U7.KO 6^710 Butter, cwt.. 6,EOS o'joo-

TARAXAKI PETBOLECM. !Br Teleeranh.—Press Association.) Now Plymouth,. December 6 Mr. H. J. Brown, chairman of the British Empire Oilfields- Company, Limited who arrived here from London last week! intimated to-day that he was so =a,ti-Cei vriih the. potentialities, of the New Zcaiand oJiSsldi m the ssijiloarhocd ci XeT Ply-

mouth that lie l;n- tabled fur Mr. .J. 1). Henry. wlui ill =11.'• thu :ihovi; Rclils early Mi;-: year, n Itivt England immediately, anil liad re.-eiu'd <i reply to the <>f. feer, tint Mr. }lr-nry would arrive here an January If. :.!r. liro.vn alyi stated that In- had cabled tho company's advisory en■•iiieer to endeavour to make tlui nectary arrangements to jnotccd to New Zealand early in the Now Year. KAURI TIMBER CO. By Telegraph-Press Association—Copyright . „ Melbourne. December 6. Tup Ivnun limber rruss nr'>$Jg for «h® -wr ended August, 31 totalled X9o,ft6. The sum of has hcen transferred from nrollt md loss to (lie contingency account. i'2OCO to the log residuo account, £l.i 2£ to the marine insurance fund, and £6870 is being iiaid on shar"* held by the company in other con -rrn-. The net earnings were £49.751 A dividend of eight, per centum for the year absorbs &6.820. nnd £5179 had been carried forward.