COMMERCIAL.

Evening Star, Issue 14634, 2 August 1911, Page 5

COMMERCIAL.

Silver is quoted at 24 l-16d per oz. London advises that- the price of bank and other stocks and shares is unchanged. The quantity of butter in cool stores in boxes throughout New Zealand on July 31 was as follows :—Auckland, 2,265 : New Plymouth, 343; Patea. 230; Wellington, 1.540; Lyttelton, 100; Dunedin, 239 ; total, 4,717. For the same period last year the total in store was 16,894 boxes. VICTORIA'S WHEAT AREA. FraM Association—By Telegraph—Copyright. MELBOURNE, August 2. (Received August 2, at 8.10 a.m.) The wheat area for the current season is estimated at 2.571,000 acres, compared with 2.638,000 acres last year. SOUTH AUSTRALIAN' STOCK RETURNS. Prem Association—By Telegraph—Copyright. ADELAIDE, August 2. (Received August 2, at 8.10 a.m.) The stock returns show an increase in all lines, excepting sheep, which have decreased by 164,560. Cattle have increased 40,828. The dairying industry shows material progress. THE FEDERAL REVENUE. Press Association—By Telegraph— Copyright. MELBOURNE, August 1. The Federal Customs and Excise revenue for July showed an iixi-ease of £141,275 over that for July of hist year. The postal revenue decreased by £31,413, and the Minister expects that for the year the decrease will be £400,000. THE MARKETS. Press Assoti*eoi»~By Telegraph—Copyright. LONDON. August 1. (Received August 2, at 8.10 a..m.) Copper : Spot, £56 6s 3d : three morihts, £56 17s 6d; electrolvtic, £SB 10s. Tin : Spot, £IBB ss; three, montlis, £lB7. NEW SOUTH WALES RAILWAYS, j Press Association—By Telegraph—Copjrisht. j SYDNEY. August 1. The annual report, of the Railway Commissioners shows thut the gross earnings for the year were £7,407,836—an increase of 10.14 per cent, over the figures for the. previous year. The income was £4 13s 6d per cent, on the capital invested. The train earnings were £4 10a 8d per cent.— an increase of £1 lis 2d per cent. The surplus revenue over the expenditure on the railways and tramways was £601,625 j -—an increase of £33,458. The trains car- j ried over 230,000,000 passengers without a fatal accident. The Commissioners add j that the limit of capacity has nearly reached, and that a new and comprehensive scheme is urgently needed. CHRISTCHURCH MARKETS. There ifl some inquiry locally for wheat for export in order to take advantage, of the low freights now ruling, bnt any sales that take place are between merchants, as there are no offerings on the part of growers. Exporters are offering eqial to 3s 3d to 3s 3jd at country stations, and these prices do not appear totempt growers to sell. Oats are firmer, as the stocks held locally are small, and further supplies from the country are not coming forward. There is not much inquiry far chaff, and little offering, as the wet state of the paddocks is preventing cutting from going on. The potato market is quiet, there being little inquiry at present.