COMMERCIAL ITEMS.

Dominion, Volume 3, Issue 629, 5 October 1909, Page 10

COMMERCIAL ITEMS.

'~.'. INVESTMENT .SHARES.. /,:';■ , The ,sales .reported -yesterday wero National Bank .£5 195.. and Wellington Woollen £3 Is.; Bank of New Zealand, buyers £9 45.; National Bank,-' sellers £6 Is.: Wellington Investment, buyers' lis. 3d., sellers lis. 6d.; Wellington Trust and Loan, buyers £6 19s:, sellers £7 Zs. 6d.; Palmcrston North Gas, sellers £T 155.; Now_ Zcaland Insurnncc, buyers £3 175., scllern £3 17s. 6d.; South British Insurance,-buyers £Zil4s., sellers .£2 16s. 6d.: Now Zealand Shipping, buyers £7 23. 6d.; Wellington' Woollen, buyers £3 Os. _6d„ sellers £3 ls.-'3d.; Leyland-O'Bricn Timber, sollcrs £r 2s. 6d.; New Zealand. Consolidated, sellers £1 55.: New Zealand Paper Mills, buyers £1 2s. - 6d.; > Sharland's ordinary, sellers 20s. 9d., preference, buyers . 20s. 6d.: Taranaki Petroleum, buyers 7s. 9d. ; SOUTH BRITISH INSURANCE. The ! balance-sheet of the South British Insurance -Company, Limited, shows, that if insurance companies had. to rely cntirqly upon their .underwriting profits -the shareholders, would receive comparatively, small dividends.'- ; The premium income' of : the South British 1 for tho year under review amounted to. £310,437,' and this was apportioned. as ; under:— . _ ■ £ Percent. Losses paid and outstanding -... 185,203 59.66 Expenses :.'. 96,225 31.00 Underwriting profit .29,009 9.34 . £310,437 .100.00 Tho company, however, received in interest and rents '£30,617, which enable the South ißrltish to declare a dividend, of 15 per cent, on tho paid-up capital, ,and to' add . a. ; substantial amount to tho reserve fund. The paid-np capital of the South British is £100,000; while .the reserve fund stands at £310,000, the rc-insurance reserve at £130,000, and tho reserve for outstanding losses '£63,539. The investments of. the company include landed property.£2oß,4Bs,loans on mortgago £167,590, died deposits -JESI.OCO, stocks and debentures £24,521,, and the following debentures of local bodies and Government securities:— -..-■'•'■ Local Bodies' Debenture- v . £ Auckland City Council, .4 per cent 15,000 Auckland ' City Council, 6 per cent. 100 Auckland Harbour Board, .4. per cent. ...... ; 8,000 Dunedin Tramways; 45 per cent; 10,000 Now Plymouth Borough, 45 per cent. 10,000 Wellington City, 4 per cent. 5,000 Wellington Harbour Board, 4 per cent 1,800 Wellington Water Works, 6 per.cent; ...... 2.0C0 ' . ' '.-■■'' £51.?™ Government ".■'." -. £ Cape "of Good Hope, 35 per cent .." .'■' 9,872 Japanese Imperial, s ; per cent. ...:................ .10.154 Now South ; Wales,'3J percent.'..r.:...'..:..:....' 9,968 South Australia,. 35 per cent. ...;... 6,041 Victorian,' 35 per - cent. ..'..';.'..... 7,877 Queensland, 3 per cent 2,610 W. 'Australian,. 4 per cent ...i 5,000 "•'' ■■■.','. : <-.'■'■ : ...-'- ./■' --JESI.S22. Customs revenue - collected 'at Wellington ..'yesterday amounted to £3116 17s.:' sd.' . • '••-.■- : -' - 'WELLINGTON MARKET REPORT. Messrs. Laery and Co.,' Ltd,,; Wellington; re. port wholesale prices ruling .on the market:— Wheat, fowl, 4s. Bd. to 45. ; 10d."; shrivelled: wheat, 45.; feed oats, 2s. to 2s. Sd.; dun oats, '2s. od. to 2s. 4d.; seed.oat's, 2s. 4d. to 2s. Bd.j algemn oats, 2s. 2d. to 2s. 6d.;,maize, 4s .Id. to 4s. 3d.; crushed fowl.'barley, ■ 25.. ;4d. to 2s. 6d.; Cape barley seed,. 2s. 6d. t to 2s. 9d.; flou.-', Now Zealand, sir 10s: to £12;' Australian, tM; bran. £4 ss. to £4; 10s.; nearly barley, 155.;. peas, Prussian blue, ss. 3d..t0 ss. 6d.; fowl peas. 45.; split, £17 10s.; boncdqst, £5 55..; superphosphates, £5 to £5 55.; pollard, £5 to £5 10s.; chaff, oatensh.nf, £3 ss. to'-.£3'155.; oatmeal, £10 Vis. to £11; potatoes, table, '.£3 10s.: to, £4 10s.; New Zealand seed potatoes,' pp-to-Datffs £4 6s. to £4 10s'.; onions, 57i.t0.J8; Japanese onions, £11 to £12: -molasses ■ fodder. £5; . : bacon, factory, sides, 72d.; hams, 8)d.; rolls, B}d.; hnttcr, prime bulk, Bd. to BSd.., Poultry: Hens, 4s. 6d. to ss. 6d.j ducks, 63. to 75.; turkeys, gobblers, 18s. to 205.; hens, 10s. to-145.; fresh'eges, Is. dozen; cheese. 6d.'to 65d. per lb.; loaf, 7d. to-7)d. per lb. j -Akaroa machine-dressed cocksfoot, 73d. to Bd.; - farmers' dressed cocksfoot. - sd. to 6d. per .lb.: ryegrass, 3s.- 3d. to 4s. ■ 6d. per bushel: Italian ryegrass.-3s. 6d. to 4s,'6d.|bußhel; white clovor,- 70s. to 755. owt.; red clover, 755. cwt.; cow grass, 755. cwt.'; alsike 82s.;'6d. cwt.: mustard; 40s cwt.; trefoil, 375. 6d. cwt.; : rape seed, 265. cwt; timothy/325. 6d.. cwt.;; Swede turnip Becd, 50s. to 60s; cwt. ,:./,. \ ' . HIGH''COMMISSIONER'S OA'BLE. • ■ ,: -The Department of Industries and\Obmmerco has received the'-following cable from tho HighCommissioner, dated London,' October ,2:— The mutton market is dull. Trade, for all; classos has been 'very slow, and' prices aro barely maintained. Canterbury is quoted at 33 per lb., and North-Island- at 31d.'porslb. '.'. ■ There has been no' alteration in the lamb ' market since, last week. vCanttrbury- is quoted at.3|d. per lb., ond North Island at 3Jd. per lb. Tho boof :markot is weak, and thcro is no change in prices. New Zealand hinds are quoted at 3(d- per lb.', and fores at 2Jd. ;por lb. The buttor market is Quiet, but firm, for .best quality.' Now. Zealand is .quoted .at 118s.'.nor owt.;: Danish; 124s\;': Australian, 1145,':. and Sibe'rian, at' 1055.. ".''.'•' ■•: .'■'.', v.-v -;-.v

.■'The cheese marltotis lifeless. .'; New Zealand ia quoted at 675., and'Canadian-at 563. :-The-hemp market is'firmer nominally. -Transactions' are light. New Zealand.pood fair grade per tori on . epbt.. £27 ICfs.: N.Z. fair era'do, on spot, per ton, £26 10a.; lair current-Manila, on spot, per ton. £27. '. Octobor-Dccembnr shipments -N.Z. good. fair', (jrade.-fper ton.. £27; N.Z. fair Krade, per ton, £26: fair current' Manila, £26. Manila output 30.0C0 bnles. .■,-..-' ... The kauri glim' .flrm.iwith , an,' improved :deraand.' Ordinary to; fafr ihroc-quiiTtora Rcrapecl 1655.; fair half-scrapeS,' 102g. 6d.: brown fair half': to threc-ouartdr-snraped.,': 875.. 6tl.j brown pickings, common to good;'.4M. fd.i'bush, fair to good pale and .amhor. scraped, 150s. . . cbIiONIAIi.AND'qTHBEiPEODIIOK. (By Telegraph-Press. Association-Copyright.)... i ■ -•-- ■'•;■;: . ;.-'..'i' '-London, -October 3;'-' ' Fourteen thousand -quarters 'Australian wheat, Doccmber-January.'Bhipment, have^bosn , .sold at 37s.'per quarter. --~ . . , ' . Copra is firm." ''South: , Sea-' lm-'baEs:' £20. Kauri, stock 362.ca5e5... ,',' ' Hans'-aro'ECarcc. . Australians are selling, at U2V - •■! -. .. " ■ ■ ■ Eahbits are , in stronit demand at 6d. i.dvaii-o. Importers anticipato a further considerable Tiw» Boon, owing to tho (treat ehortaEo. ■• ; Tnnow.-Ptocks, 4776 casks; imports, 3912; tie. liveries, .4394."■'-.■■■- '!. -~..-: -.( • ■ -..' \ , ;. "•".'■ METAL STATISTICS. ..,...'. ■ IBy ' Tolcc^npli. - I roaj Ascorlnllnii.— Ciit»^rictil' .- - .'■ . ; ''■•: '■'" London, October , 3.'' Copper. £59 Is. 3d. per ton. Supplies, 36.381 tons; deliveries. 30,718; Btocks, 93,841; afloat, 613).Tin.—Spot. £138 16s. per, ton;-three months, .£139 155... Stocks. 22,025 tons; spot, 7419; afloat, «83;. deliveries, 2236.. , : .. '" ■ '.■'• - ' SHAEE MARKET.; V '."}. : . (By Tolcgraph—Presn : Association.) .■'-':■ fluokland.'vOctoier 4. " ■\\ Tho -following. Bales were reported to-day:— . v ßank of Now Zealand,. 1675. ■ ' ', Northern V-eam (con.), 55." lid. '.Kauri .Timber (con.), Us. lid. ; '. ', . : National Dank, 1205,. ■■■-•-.. ■:■■■ ..■•-:■ . -.'. Dunedln, October 4. The' following sale .waß reported to-day:— ' ; Bank of I«w Zealand, £9 6s. ,6d...:. . ■ Stock Exchange .quotations;— ' ." . Inyostmcnt stocks:—Bank of Now Zealand, buyers' £9 4s. 6d.; National Insurance,-buyers £1 8s. _ Sd.; Wostport Coal Company, sellers £6 Bs.:. Dunedin Stock Exchango Proprietary, buyers .£2 12s. ■ 6d.: Kauri Timber/Company, buyers 16s. 3d. j Milburn Limo and Cement-Com-Sany (£1), buyers £1 6a. 9d.; New Zealand Drug ompany (£2), buyers'- £2 sb. ,6d.;' Now Zealand Pacer- Mills, sellers £l '3s. 3d.: Donanhy's Eopo and, Twino Company,. buyers £1 oa. 6d.-:>v.