COMMERCIAL ITEMS.

Dominion, Volume 5, Issue 1388, 14 March 1912, Page 8

COMMERCIAL ITEMS.

INVESTMENT SHAKES. There were two pales of Lcyland-O'Brion Timber shares tit Z9s. 3d. reported yesterday. Tim buying and felling quotations were as under:— Buyers. Sellers. £ i. d. £ B. d. Bank of New Zealand ... 10 18 0 - National ])ank ...' 517 0 - N.Z. I;oan and Mercantile — 016 6 Ghristchu'rcli Gas — 9 5 0 (iishornn Gas — 2 18 6 Well. Gas (£10) 10 0 0 18 10 0 Well, Gas (third issus) ... — 12 10 0 Well. «<is (pref. 7s. 6d.) 0 8 0 Standard Insurance — 1 10 6 Christeliureh Meat - 1512 6 dear Mrat (£4) — 13 0 0 N.Z. Shipping - 14 0 0 Wcstpnrt Coal - 17 3 Taringamulu Totara 2 6 6 — Crown Brewery — 1 15 0 Golden Hay Cement 14 6 15 0 Ward aud Co - 5 4 3 W.F.C.A. (£5) . . — 7 5 0 W.F.C.A. (£1) '....■;.'.■.., - 19 0 TIIE WOOL JIARKKT. Reports of the wool sales held in January last have now reached New Zealand, and, according to on-s report, greasy orossbreds, which were not up to American requirements, were quieter, and this refers to all grades of the staple. And the report continues:—A little purchasing of the two highsst qualities has recently taken place on account of a. German spiniv2r, but the quantity thus appropriated has been small in extent, and little else lias been taken cither by Franco or Germany. The chief buying of crossbred as well a e merino has therefore devolved on the shoulders of the Home industry. No great quantity has of late been taken by Yorkshire users, hence the wsight of the supplies has been secured by topmakers. As far as the. bidding was' concerned, there has been plenty of animation in that, but the wool is almost always wanted by • many bidders at the same price, mid the market has lacked the spring which arises from one and another advancing their offer with the object of Retting in and ronderine themselves secure for a run of lots. The position of thi3 crossbred branch in Yorkshire is still very unsatisfactory. New orders for yarn ore hard to obtain either from the internal industry or for shipment abroad. Moreover considerable quantities of secondhand yarn aro still pressing upon the market, and there is much delay and hesitation in giving out particulars of the yarns required under contracts fixed up some time ago, and now in course of execution. In these circumstances it is scarcely to be wondered at that a snirit of reserve and caution betrays itself on the part of the topmakers, and to this is,due the fact that the ndvance in the orico of raw material which took place it the commencement of the sales has now been lost, and values have returned to the level of December, or, allowing for the better condition of the wools available on this occasion, even a. little below. The same is the case with regard to crosslireds in the slipn and scoured condition. Long prices are occasionally paid for tho latter when a needy buyer meets with something of which he is in urgent want, hut taken overhead there descriptions ars little if at all dearer than when the sixth series of last year's auctions came to an end. BIG INSURANCES. From the "Post Magazine" (London) of January 27 last, the following figure*, which represent tho amounts on which the leading insurance offices have to contribute towards the maintenance of tli3 fire brigades, arc an indication cf the enormous business transacted by some offices in the English Metropolis. There are about l? 0 offices which contribute, hut snace only permits us to give the figures of the first ten on the list. The total dsclared insurances in London iu the aggregate amount to £1,094,927,206. Gross ' amount insured in 1910. Company. £ SiT 00 :::::::::::::::::::::::::::::::::::::::::: JrS Commercial Union' 81.153.4kj8 1 Royal "'.'.'.'.'.'.".'.'.'.'.'.'.'.'..'.'.'.'.'.'.'.'.'.'.'.'..'...'.'.'..".'....■•■' 70,250.375 Phoenix 67.590.789 North British nnd Mercantile ... M.36MZO Livcrnool nnd London and Globe 41.U9.700 Norwich Union 31U 5552 Royal Exchange 37,036,262 Customs duties collected at the port of Wellington yesterday amounted to £4020 ss. THE METAL MARKETS. By TeltEMoh—Press Aetociation-Oopjrigni London, March 12. Copper.—On the spot, £64 10s.: three months. £66 55.; electroMic, £67 7s. 6d. Tin—On the spot, £193; three months, £183 10s. Lead, £15 16s. 3d. per ton. Silver.—Bar Filvcr is. quoted at 27d, per ounc: standard. WHEAT. \ London, March 12. An Australian cargo sold at 38s. 9d. per quarter. LONDON QUOTATIONS. London, March 12. Messrs. Dalgoty and Company's shares are quoted at £6 (buyers) and £6 lCs. (sellers). MINING NEWS. WELLINGTON SIIARE MARKET. Yesterday Talismans wer° a 6hade weaker, but Waihis and Grand Junctions were steady. At the morning call there was a sale of Waitangi at Is. 4d.. and in the afternoon there were two sales of Wailii at 41s. 6d., and a sale of Workfop Dredp? at £3. The buying and Eolling quotations were as under :— Buyers. S'llcrn. £ s. d. £ s. d. May Queen 0 17 - Old lla.ura.lti ' 0 2 0 - Rosa Reconstructed 0 3 3 0 3 6 Talisman 2 9 0 2 9 6 Waihi -2 0 9 2 16 Waihi Grand Junction 18 0 18 6 Waiotahi 0 3 6 0 3 8 Waitangi 0 14 0 16 Worksop Dredge 219 0 - Taranaki Petroleum 0 18 t — STOCK EXCHANGE. IBy Teloeraph-Prcse A6soclition.l Auckland, March 13. Business done:— May Queen, Is. Sd. to Is. 7d. Waitangi, Is. 4d. Hauraki. 25., 2s. Id. Grand Junction, £1 !s. 6d. Waihi-Pacroa Co., £2 ss. The following business was done at the 3.15 p.m. call:— Waitangi Consolidated, Is. 4d. Old Haurnki, 2s. Id. Talisman Consolidated, £2 9s. 3d., £2 9s. Waihi Grand Junction, £1 Bs. 6d. Auckland Trains (ordinary), £1 4s. 6d. Chrlstcluirch, March 13. The following sale was reported on the Stock Exchange of.. Canterbury:—Mason Struthers, 245. 6d. Dunodin, March 13. The following sales were made on the Stock Exchange to-dny:— . Electric, 3s. 6d. Talisman Consolidated. £2 9s. 3d. THE NEW BIG : RIVER GOLD-MINING .COMPANY, LTD. MINE REPORT FOR FEBRUARY. No. 10 Level North Block.—Tho winze on this block is now a- depth of 29 feet: The reef is broken about, Stopss on Same Block.—Reef formation 23 feet in width, carrying quartz 16 feet in width. Ktopes over No. 10 South Western Level. —Reef from one to four feet in width. No. 10 Now Eastern Stopes.—Reef from one to UiT2O feet in width. New Eastern Intermediate Stopes.—Reef four feet wide. Westeru Intermediate Stopes.—Reef from one to oight feet in width. No. 2 Level (Deep Creek Extension).—ln now a total distance of 150 feet from the h "Kow "wfi'uling Plant .-The bricks for building in the boiler aro still heinir cartrd to the mine. A large Babcock and Wilcox boiler, also air compressor, have been onbred. Return;-. —600 tons of Btouo wore crushed fnr a return of 581oz. lOdwt. melted gold; 400 tons of sands were cyanided for a return of 7T07.. lOd.vt. bullion. Total value, approximately, £2520. Concentrates.—Forty-four tons arc now on hand. Hc?cvve Vnnd.—A further sum of .f.IOOO has been added to the reservo fund, which now stands'nt £6000. Dividend.—The thirty-seventh of Is. per share, absorbing £1200, Ims h?en declared, and is payable on March 8.