COMMERCIAL.

Hawke's Bay Tribune, Volume II, Issue 22, 9 January 1912, Page 5

COMMERCIAL.

SHAR ES

(Received 9, 10.50 a.m.) London, Jan. 8. Waihi, buyers 52.0, sellers 55/-. Junction, buyers 28 9, sellers 30/-

WHEAT AND Fi.Ol’R

(Received 9, 10.50 a.m.) London. Jan. S

The quantity of wheat and flout afloat for the bnited Kingdom it 2,575.000qr5. and for the Continent 1,135,000qr.5. Atlantic shipments are 222,000(ii'5, Pacific ao.OOOqrs. The total shipments to Europe are 750,000 qrs, including Russian IOO.OOOqrs, Dantlbian li’-3J)ooi|r.s, Indian 38,(XX)qrs, Australian 55,000qr5, Argentine nil.

RI.M-: IN BITTER

Sydney, Jan. 9. The price of butter was raised 4/-, following the report of the hardening of the London market. MOUNT .MORGAN MINE. HALF-YEARLY REPORT. (Received 9, 9.35 a.m.) Sydney. Jan. 9. The half-yearly report of the Mount Morgan Proprietary states that tlu total revenue is £452, 336 and the expenditure £3811730. During the halfyear 179,177 tons of ore, including 43,131 tons basic ore from many peaks, were treated, producing 3608 tons copper and 63,197 ounces of gold. The directors propose a dividend ol 1 - per share. £21,000 is allowed foi depreciation, .and .£2BBB carried forward.

The previous report stated that when the ore from many peaks was available there would he a larger production oi blister copper, ar.d the cost of treatment would !>e substantially reduced. These anticipations are not realised. Ono difficulty aris'e-; from the insufficient power of the plant, which disability is being removed.