COMMERCIAL ITEMS.

Dominion, Volume 5, Issue 1306, 8 December 1911, Page 2

COMMERCIAL ITEMS.

INVESTMENT BIUBES. A sale of Crowu Urowcry sliaroe at 37c was recorded yesterday. The buying and Belling quotations were m< under:— liuycrs. Rollers £ b. d. £ s. d. Well. Investment 0 11 6 012 0 Well. Trust iind Loan ... 1 10 6 — Woil. Deposit 0 5 0 0 8 0 Well. Gas (pref.) 0 3 0 - ChrUfchuroh Heat 14 17 G — 'i'nupirl Oaa.l 10 3 - . West port Ooal 17 0 17 9 Leyland, O'Brien 1 8 C — ■ J'arker Lamb Timber ... 1 7 6 19 0 Hanks, Ltd — 10 0 Ooldon Bay Cement 119 12 9' Manning and Co 4 0 0 — N./. Con. DcnUl - 12 1 j> ■'- Drug _ 2 9 0 — NZ. Paper Mills 10 0 nnarlands ordinary — 14 0 Kharland'e preference- .... — 14 0. Word and Co 5 0 0 '— W.F.C.A. (£5) .„...:.;•. - 7 5 0 TUB OIL WAH. ' Tlie drastic effect of tho "oil war 1 ' in tli» hart is reflected in statistics which have icon published relating to the lmporte of kerosene by the principal coimuming countries. A wonuoiful cxpansdou In tho use of the oil followed on the substantial reduction in prices which immediately reraited from tho cut-throat competition between the Standard Oil Co. and the Ablatio Potroleum Co. Taking China, Japan, Slam. Indo-Cbiua, and the Philippines together, it Is ehown that the total import* for the last completed year amounted to 324,675000 gallons, an increase over the preceding year of i2,962,CM pnllone, or, roughly, 20 per cent. Of this increase 42,M2,Ct0 galloue were contributed by the Standard Oil Company, making the total American im. porta of burning oil lart year 214.CC0.C00 gallons. Of the balance of the imports amounting to U0.<2J,000 gallons, the great bulk was contributed by the Aaiatio Petroleum Company. whi(jh ie tho far Eastern representative.of the Eoyal DutchShell Transport Combination. The reduction in, price amounted to about in. per case of 10 gallons, which, while undoubtedly tending to stimulate the coneumplion, must have made serious inroads Into Ehipponi' profile. No immediate recovery in prices ie anticipated, but it is believed that the continuance of low prices will mean a maintenance of consumption at high quantitative levels. THIB YEAR'S SALMON PACK. When towards the end of August the ad* vanced prices in salmon were announced, the increase varying according to brand from Is. to Is. 9d. per dozen tins, one ot the reasons, and that most prominently put forward by the exporters in America, was tho emaiiness of tho pack. Bush orders wcro sent from Australia on thceo advices to America, bnt word came back that tho whole could not bo filled, and tnat a proportion only of each order could be accepted. This was afco taid to bo due to the smaltness of the pack, coupled with an enormous demand. Kcivs fcfuce then has revealed the fact that in place of the pack being small, it is the largest on record. The "Board of Trade Journal" of October 19 republiehes a statement from the "San Francisco Commercial ftews that this year's salmon pack on the Pacific coast of North America is e«Umated.at 5,350,000 cases, tho largest on record, including 750,000 'coses from British Columbia, 1.00p.C00 cases from Pugct Sound" 150,000 cases from Oolumbia River, 550 0M snn° 8 IIT 5 -, 00 "? 4 ot Orc E<">. Washington, and California, and 2,ec0,000 cafee from Alaska. The pack in 1910 was 3,690,. Customs duty collected at the port of Wellington yesterday amounted to £1273 4a. LONDON WOOL SALES. By TWeffraDb-PMss Associatfon-CoDTrie.l .... , , London, December 6. At the wool sales everything wes firm. Full prices were realised for the New Zcs. land crossbreds. United States buyers are operating largely. TALLOW SALES. By Telceraph-Prees Association-CoDjricbl .... , London, December 6. At the tallow sales, 1C62 cajks were offered and 680 sold. Prices realised :-Mutton. fine, 475.; medium, 335. 6d.; beef, fine, Mβ. 9d.; medium, 325. 6d. BILYEB. Bj T«lecraph—PreM Assodatien-CoDyrieM London, December 4. . Bar diver Is auotod at 2Sgd. per oiiwa stauuard. • AUSTRALIAN. WHEAT EXPORTS, By Telegraph—Pr«»« AesoefriUon - CouTrlghi Melbourne, December 7. Tho CommomroaJtta. wheat exports for tie , statistical.year to-the end of November totalled 54,031,000 bushels, compared with 45,621,974 in the previous year. The flour exports totalled 1,784,422 sacks, an increiM of 484,000 for the yeax. TARANAKI OIL COMPAJfT. Tho fifth annual report of the TaranaH Petroleum Company, Ltd., to be presented to tho shareholders on December 14, ehowi that einco last annual report oil has continued to Bow at two of the bores without any practical decrease. "This has toldoui, if it has over, been known in any other oilfield." The histories of the variouß bores aro given. No. 1 is down 2260 ft., and la dosed for the present. No. 2 is down ■ 3030 ft., has continued its output for about two yoars, and is still flowing; No. 3 is down 4015 ft., oil wa-a struck at 2640 ft. in May last, and hae since been flowing continuously, gas and oil on several occasions going over the top of thf derrick; Xo. 4 is down 1701 ft., and ie discontinued; No. S ia down 2032 ft., and the manager reports that prospects of reaching payable oil at au early date arc very promising. Oil won during the year from the two wells was 139,615 gallone, as against 76,884 gallons for tho previous two years. The company earned tho Goteromcnt bonue ?t f n i? 5M n for th «° Production of the first !50,0W gallons of orudo petroleum won iu Mr. H. J. Brown, chairman of the British litnpirc Oilfield, Ltd.. is at present in New Plymouth, and wilt remain until legal ' documents in connection with the flotation of tho new company, tho Taranaki New Zealand Oil-wolls, Ltd., are completed. iVilh a strong working capital, tho installation of the latest up-to-date drilling plant, and tho erection of a refinery, df- ' rectors feel confident that the now com-' paiiy will be tho means of ostonding and : developing the oilfields of Taxanaki. ... .