COMMERCIAL.

Evening Star, Issue 14225, 26 November 1909, Page 6

COMMERCIAL.

A RECORD SHIPMENT. Press Association—By Telegraph—Copyright. MELBOURNE, November 26. (Received November 26, at 9.45 a.m.) Tho steamer Whakarua has sailed with 124,000 carcasses of lamb, which is a record shipment from Australia. OUR OILFIELDS. A New Plymouth wire says :—Tho ‘Financier’ (London) of October 15 has an article with displayed headlines on the oilfields of Now Zealand and Borneo. After reference to what hap been done at New Plymouth, Kotuku, and Gisborne, the paper says:—“ Enough has been achieved to ensure further advancement of operations-, and the work of the next twelve months should ho of a slightly important nature, and will bo watched very keenly by those interested in the oil trad*o tho world over. If it turns out, as seems By no means impossible, that great deposits of petroleum trusses are fully tapped, the industry will have a profound effect upon the prosperity of tho colony, and will stimulate it to an extent which cannot be calculated.'’ A P. AND 0. DIVIDEND. Press Association—By Telegraph—Copyright. LONDON, November 25. (Received November 25, at 11.10 a.m.) The Peninsular and Oriental Company have declared a dividend of 6J, per centum on their deferred shares, with a bonus of 3 per centum. THE WOOL SALES. Press Association—By Telegraph—Copyright. LONDON, November 25. (Received November 26, at 11.10 a.m.) At the wool auctions there was an excellent sale, all sections operating at full opening rales. _ The National Mortgage and Agencv Company are this morning in receipt of advice from their London office that at the November sales, which opened on tho 23rd inst., rncrinoes and crcss-breds generally opened on a par with last sales’ closing rates. The selection of coarse wool is poor, but the market is firm, with an upward tendency. AUCKLAND’S BUTTER EXPORT. [Per United Press Association.] AUCKLAND, November 26. The export of butter from Auckland in the past fortnight was 497 tons, ofa value of nearly £48,700, which is £16,170 more than for the corresponding fortnight of last year. The increased export this season over the whole of last season is 557 tons, of a value of £55,500. ’ FRANCE AND CANADA. I less Association—By Telegraph—Copyright. OTTAWA, November 25. (Received November 26, at 8.25 a.m.) The Trade Convention with France, which is now before the Canadian Parliament, stipulates that P’rench products, to be entitled to lower duties, must beehipped direct from France to British ports. BRITISH INSURANCE IN CANADA. licss Association—By Telegraph—Copyright. OTTAWA, November 25. (Received November 26, at 8.25 a.m.) The Superior Court- of Montreal havo decided that British insurance companies may do business in Canada with a .Dominion license. This decision attacks the constitutionality of the Dominion Insurance Act now before the Senate, providing that British companies shall first deposit between 50,000d0l and IOO.OOOdoI.