COMMERCIAL ITEMS.

Dominion, Volume 3, Issue 674, 26 November 1909, Page 10

COMMERCIAL ITEMS.

.' .: :- ; ''INTESTIIENT snAEES:^:.:/iV: ; : ; ■Sales of :New. Zealand Shipping at '£7,- Uβ'.''and Manning and Co., Ijtd., at £3 13s.'6d.'wore reported yesterday. National Bank,, buyers. £s'l9g. 9d., sellers £6; Bnnlt of New • Zealand, ecllcre £9 165.; Equitable.Buildinu, buyers-£9.45.,, oellorn £9.75. Oα.;. Investment,': buyers 11s tollers 11s. 6d.; Wollineton Trust- and Loan buyers £7, fsollors /7 45.; Natidnal- Hortftaßo. buyors £2 18s. 6d., si»llcrfl~£3;. Napier Gos, sellers .612 75..6i1.; Wellington Gns,£6 155.. paid, sellers £14 55.; National. Insurance, sellers £1 Bβ 6d • Standard?'lnsurance,'.buyers',' £1 >2s.- 6d.; -;Qear Meat,. £4' paid, .buyers £10 Cs.;. Meat Export, third issue, buyen '£2 ISs.j'.New Zealand Shipbing,' buyers -£7:105. , ; Ta-uDlrl' Coal, aritere I9e. ed.; ■WoatportvConl. sellers £6 4s. 6d.; TVofitport'Stockton, buyora 6s. fd., sellers 7b.; Manning and Co;,, buyers £3 13s. 6(i.; NowuZcnland Driifj, buy. ors £2 fo.; SharlaniVs ■preference, .buyers '20s. ,<id:;; Tara'naki , Pctroliiura, eeUcrs' Bsi; Wnrd' and Coi, brewery shores, -buyprs £4 11b.; Wcllineton Opera.House, Eellers'.£7 ; 17a. 6d.,, .-. .. ■...

:-.'.■ ;.;OiJ(Ainj wooiiES 'pactory" co.; - I'he'.hnlunco-Bheet'-.of the .-above'.company, for thrt yooir- ended October 31 has been ctroulatcd. Tho' net profit for. the year, -«ff« .writing down nreiatees. and .-■ slant; hi 1 &W ,le.; l&« /totalled

£3369 13s. 9d.; and"with the sum of £796'4s lid. , brought forward from the. previous year, thoro is available for distMbution £4165 18s. Sd.. Tho dividend for tho yeai at tho rate of 8 per cent, absorbs .61763 12s. 9d., and £1500 ha? beon added tj.the reserve fund, leaving £502 sb. lid. to,bo carried forward. The .'directors, in their report, .state that: "Notwithstanding the stringency of- tho money market, and the consequent slackness of trade, tho factory has been . kout fully employed, and the results of tho year's operations should bo satisfactory to the shareholders.'. . ...

. AUSTRALIAN ALLIANCE ASSURANCE,: The • balance-sheet of the Australian Alliance Assurance Co. disclose? particulars ef the losses inado during the year ended August 31, and also the depreciation in tho assets, due to revaluation. The onorationn for th(* twelve months under review have been disastrous, owry department of the business phoning a loss, aggregating£l9,o97. . Of this sum- 'fire accounts for £292? marine for £11,278, fidelity guarantee and accident for £4890. The depreciation of securities absorbed'£46,6sß, and to the life .branch £13.146 had to be transferred in order to bring the funds up. to the required total of £181,741. The result of the year's operations obliterates tho reserve fund of £40,000, together ■ with tho credit of £6407 hitherto standing at profit and loss, and leaves thnt account in debit to tho extent of £32.084. The ' a3?ets ae written down ■ now stand at' £296,455, after extinguishing tho debit at.profit and loss, whilst the liabilities, cxclu- , sive of capital acount, amount to £203,539, leaving £92.916 as representing shareholders' funds. To this mnst bo added £10,000 paid by tho London and Lancashire 00. for the goodwill and any surplus loft out of tho provision made for, outstanding losses and expenses in suspense. As already stated, this works out at a fraction over 41s. per share, upon which 50s. have been paid. - In iustico to ■the exeoutive, it may bo pointed' out that' tho valuation of the assets from which the buUc of tho losses accrued was of a, drastic character. At the Same time, it is only"- too evident that the business had lost its resiliency and a change of management was imperative in. tho interests of the shareholders. : Customs revenue ■ collected at Wellington yesterday amounted to £2598 Bs. 4d. AMERICAN' 'WHEAT SUPPLY.. ' ' (By Telegraph-Press Assoelstlon-Cotiyriehl.i London, November 24. The American visible- wheat supply is 58.186.C00 bushels. - •■'.•..' • _ ■• . THE METAL' MAEKETS. ' ,' • 'sLTJMP IN' OOPPEH.. :■ •'■'' ■■ IBy Telegraph.—Prese Association.—Copyright.) London, November 24.', Coppor.-On the spot, £59 2s, 6d. pcr ■ ton-a fall of 21s. 3d.; three months;, £60 . 3s. 9d.-215.. 3d. lower; electrolytic £62. The fall is duo to heavy- , eclliiig, following tho -weakness in Tin.-Spot, £141 17s. <Sd. per ton; three months. £144. . - : - -■■ ■:■ ■•-. ■ -•-- . •" . . Lead, £13 2s. 6d. per ton. , ''■■'■■. ; . ..'(Roc. November 25, 10.5 p.m.) . •.* ■ '.'' ■, ■ 'London, November, 25/ Copper.—On thc spot, £58 17s. 6d.; threo months, £60 per , ton: ' ■'..-• . ■ •■• ■' "•:■' •: ■ : Tin.—The market is-weak, owing to cabled advices from tho. East indicating easier prices, ami owing to tho impsnding Dutch coles. On the npot, £140 7s. 6d.;th™> months, £142.105. ~-'.-. : : TALLOW. V- * ■ ..London,.November 24. ' At the tallow sale? casks ;weve offered anO 181 Bold. Prices were ■unchanged. .-■•.,;.■■ ' AUSTRALIAN PBODUCE MAEKETS. . . .(Bee. November 25, 1.45 p.m.) ; ; . ■ ',' ■■■..■"■'■■' Sydnoy, Novembor'2s; '' Whoa*. 3s. lid. to' 4s Hour, £11. .Oats, Algerian fepuTng, Jβ. .to 2p; 2d. to 2s. Id.; Tasinanian, 2e. 6d. Barley, Capc,V39. to-3s. 3d. Maize. 4s. 3d. ; .to 4s.' sd. .Bran, £4 163.'.' Pollard,- £5- 15s. Potatoes, prices range.from £4 to £9.! lOnioiis, £4 10s. to £5. Butter, 965.. Cheese, 6Jd: to. 7d 'Bacon, BJd.-' ■.;.•.. ■■■/.■ : ;.\i_ : " l \ '■.•'.:. ■■■:.-.■; '.■.■•..•.. ■■'.. '.-' •:•■". Melbourne, November 25. ; Wheat, old, '45..:'6d.';- now,.i3s. lldvtb' <8. Id. Flour, £11 10s.' Oats, Algerian, Is. Bd.'to ls.'lOd Barley,'good.English malting, 3s. ,9dij Capo,.2s. 6d.;' feeding, 25 , . , Id:-' HranY:£s; • ■ Pollard, £5 15s Potatoes.'old, £3'to'£s 15s.;,new, £7aos. Onions, new, .to£s 10s. '■ ./. ; : ■' -■- ....'.:;. .;■. : ' . i" Adelaide. November-25. " .Wheat, to £4. £10. 10s. ■ ... .-.:. >. .-•■ .'••■ : ',';■■■-'-hitje? .market;/'. r -;\l\;,;v .'j;Z : ;(nj''.Telfcripli.-Tl-rM».''-Aii«,elntliin.-Cnji»r,ißhl.r- -■:■ .. '". (Eec. November, 25, : .11.45- p.-mj.v-'- '■■-. ' ' , ■.'•-' '--'>' MqlbotiVrio,'-^pVember",2s; /' '.In tho. hides •maryel./'raedium'-'.wriijlitsj.wero. 'id.'lower.. Prices'.of others : .wero: steady.,'; •„■; ■ i ' Y •■o.-' : -;c/iiro'-D. , 00. , -'.•'■.'■■';■■'■■''■"'• ;' i (By TelcßrapU^'Preja'' - ■: : ■-,."' '"'■■''■' ■'i i "~ ;: ;^NiplcryNovSbor J isr The C. O. and D T Company- cabltdrto.-daJMiri'JTho; frosen incat marlief is,,weak, and_the.reas B..lal) of;an eighth of a "penny for North Island mut ton : and. first .oualitT. lamb: Quotations-.—Can-terbury; mutton. 4Jd.: Napier, Wellington,', and North Island,' 3Jd; >Lamp, flrot-ouaTityi-4id."j second 53d.-.' Beef,' hinds,' 3Jd.j fotes,- 4Jd. r, - '' : ■ ";"■ LINSEED OIL TENDERS. ' ■ ' Tho following are tho tonders received by tho Eailwaye.' Department • for tho supply of. boiled and. raw-, linseed :> '.v •;■. ;'■ -, ' '': -.■-.' .■'•'■ -dr-". •'■.', '.'■■ Pei-gal.' .-. ■•'■-.■■■• .•■•■■■■• Boiled." Raw. ■■■■'.' .'■ : ' ' ■ ■ " s. d. B^d. Mason, Struthers and Oo (accepted) 2 10 29 '„■'»■ V, ■■ ■• ■■• - ■ . -•.'. 210! -2 92 Murray, Roberts- and Co. 3 2 3-1-8. 'Browr. (Limited) .■...;..■,■. 3-.-1J _ •• '~-' ' ,i, ■.'•■' ■'• '..\'-'l'-. ' 3 2 . -'y 1 Br.iscob-.and Co. ..:;...','.■....; ..:-3'o - — Ashby. Bcrgh and Co. .......?.......... 3.01J 211 H. Quano, and.Co. .......:.. '2 111. 2 101 .;• : -.-■•• ■>"}. ■»■■■■.-. .. —i -.;■"'■''.■ . : - i': ■• ,' . '', : A. SALT, OP BOOKS.. : .: Messrs' J. H. Bethnne and Co. yesterday, and on Wednesday last, conducted, at their rooms one' of tho most successful book" sales tic firm have held, when they disposed of n, splendid consignmont of .books, ex. S.i!.- Ifimirb. ■■■ The feature of the sab was tho lnrgc number of rare works on Now Zealand and Australia, which was included in the catalogue, and these excited keen competition; There-was a -larco attendance'on ; both days of tho JTho .bidding throushspirited, and the, following are some of the mites realised:—"Savage Life and Scenes " (Aneas).;/2; _scarefi 'New Zealand, views (Brcea), £1- 12s; 6d;i "Buller.i Birds," two copies, £6 ana £7;:"The Now Zealanders , : (original, 10 parts), (Angas). £13 .lCs.;-. "Cook's .Voyagosh £5 Sβ. Troubles in New Zealand," £1; "Maori Polk-ore/' £2 155.; "Maori Mythology and Tradi-tion-s , §! r Soorse•-! Orcy); ■ ,-ei Is;; "Maori .Proverbs" (Sir Gcor?o Orcyl, £3; John Gully's "Illustrations of New Zealand." £3; "Flowers of New Zealand" . (Mrs,. Chas. Hetloyl, £1 170 ' 6d • "Geography and Gcolojri'.of Now Zealand"' (HochRtctter). £1 125.'6 d.; V7nt,ernationa!. Library :of Famous Literature," £3; "Discovery of New Zealand, .£1 Is.; "Early.Voyages to New Zealand" (Nicholas), £1; "Winu'ess Birds of New.Zealand" (Sir Bmhard Owen, P.H.S.), £1 55.; "New Zealand Travels" (J. fi. Polack), £2: "John Rushin." £2 2s 6d.; "Early Description' of New. Zealand" (John Savaird), £1 25.;: Sir Walter Scott's "Waverlev Novels.' 1 £2 ( 155.; "New Zealand History" (Biehori Selwyn), £1 10s. j "Cußtoms and Mythology ■of New Zealand" (Sev. E.'Taylor), £1 lie. ■ " :