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COMMERCIAL.

Applications for loans to the amount of £240 and for 14 shares were received at this week’s meeting of tho MoneyClub. The Greymouth coal export for the past week was :—North Brunner, 298 tons 7 cwt; Point Elizabeth, 470 tons 16cwt; Liverpool, 726 tons lOcwt; Paparoa, 903 tons oewt; Blackball, 2,640 tons 14owt. Total, 6,047 tons 12cwt. STATE STEAMSHIPS AND RAILWAYS. Press Association—By Telegraph—Copyright. PERTH, December 11. The State steamships’ balance-sheet for tho year shows a loss of £17,273. The capital cost of tho steamers was £105,906. The railway report for the year shows that the revenue was £2,257,011, and the expenses £1,572,008. GERMAN CAPITAL IN AUSTRALIA. MELBOURNE, December 10. The Federal Attorney-General (Mr Hughes) states that beyond all question German capital and influence have monopolised tho base metal industry iu Australia. The profits upon a turnover of £200,000,000 have found their waythrough various channels into the pockets of German financiers. Common sense, self-interest, and patriotism impelled them to end this state of affairs. BRITISH STOCK EXCHANGE. LONDON. December 11. A conference of stock exchange committees and representatives of banks considered plans for reopening the Stock Exchanges. It is expected that they will reopen early in 1915, WORLD’S WHEAT CROP. MIDSEASOn”ESTIMATE. LONDON, December 11. (R-eceived December 12, at 8.55 a.m.) Bathgate’s midsoason estimate of the world’s wheat crop is 439,250,000 quarters. GOLD IN PERU. Major E. G. Davidson, a resident of Nelson, who has been for the past five years in Peru on the Boundary Commission on the borders of Peru and Bolivia, is at present in Dunedin with a rich assortment of specimens of goldbearing quartz unexpectedly obtained by him on tho eastern slopes of tho Andes, and apparently indicating an alluvial deposit well worthy of exploitation. Major Davidson has expressed the opinion that this region may prove one of the great gold-producing fields of the world. Ho found but few white people tin this Eldorado, and the four Americans working are apparentlygetting one and a-ha If dollars’ worth per shovel at a depth of 13ft, and reckon to clear a million a piece. Major Davidson’s story, bearing as it does the authenticity- of reliable specimens, has caused some excitement locally, and a meeting of mining investors will bo hold on Monday afternoon in the Stock Exchange Call Room to form a syndicate to investigate this field. AUSTRALIAN WHEAT. Press Association—By Telegraph—Copyright. SYDNEY', December 12. (Received December. 12, at 9.50 a.m.) Victorian operators arc buying wheat in the Sydney market at 6s per bushel. METAL MARKETS. Press Association—By Telegraph—Copyright. LONDON, December 11. (Received December 12, at 11.10 a.m.) Copper.—Spot, £57 6s to £67 10s; three months, £57 10» to £57 IBs; electrolytic, £6O to £6O 10s. ‘ Tin.—Spot, £147 to £147 10s; three months, £145 15s to £146 ss. Spelter. £2B to £2B ss.

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https://paperspast.natlib.govt.nz/newspapers/ESD19141212.2.73

Bibliographic details

COMMERCIAL., Issue 15674, 12 December 1914

Word Count
465

COMMERCIAL. Issue 15674, 12 December 1914

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