COMMERCIAL ITEMS.

Dominion, Volume 3, Issue 681, 4 December 1909, Page 8

COMMERCIAL ITEMS.

;; ; ;!.p;:-''"-' yINTEOTMENT,, SHAEES.: : ;. .-: ; ; , -,"-"A sale of Gear, £1. paid, at £2,145., cum dividend, •'•: was, recorded yesterday; National. Bank; buyer's:£s 19s.,.sollers £6-Is.; Bank,of Now Zealand, sollera £9 lfia.j National 'Mortgage/buyers £2 18s.'-'6d.,-. sellers' £3; Wellington Trust and Loan, buyers. £7; Napier.- Gas, £5 paid,..buyern £12,' sellers £12 7g. 6d.: Wellington Gas, £10i paid, sollera. £18-'ss., £6'. 15s. paid;, sellers .-: £14.- 55.; South British Insurance, buyers £2" 12s. '.6d., 14s.;•; Meat Export," £2 lZs. 6d.' paid, buyers £2 145.; Meat' Export, :£2 12s. 6d..paid -buyers £2 16s:, -sellers £2 175.; Wellington.Woollen, ordinary,', sellers £3>45.:9d.; Hikurangi Coal.'buyers 19s. 6d., sellers £1 Is.; Taupiri. Coal, sellers 19s. 6d.;Wcstport Coal, sellers £6 45.; Kauri Timber,-, sellers - 165.; -Manning and Co;, buyers ,£3 155.; New' Zealand 'Drue,- buyers £2' 65.~ 6d., sellers :£2 Js. 6d.; Taranaki Potroloum,: sellers 75.; Ward and' Co., buyers £4 12s. 6d:, sellers £4 155.; .Wellington"Opera 'House, Bellers £7 17s. 6d. ;.-.

{op; NEW/ Sp-OTH--.WAI.Ea:;- ';'■■ : The' balance-sheet of the Bank of New South ■Wales for -tho- halt-year ended September. 50 last'. appears in our business columns, and it will ; be-noted that the net profit for the halfyear, was £182,352, and thoro was-brought for-' ward- £38,342, making available for division ;.£220,704./ ;In reviewing the . balance-sheet .the chairman, stated that the. doposits.-us -a whelo had increased in' tho 'year by nearly £9CO,ttO, andi'the public .deposits particularly .had increased.'-.-..■ Bills rpayablo and other liabilities' showed;'tho large iKereaso of-£650,000, which partly 'arose .from a Bomewhat more active exchange'business; during the winter months, . and' partly from tho reversion to draft instead 'of telegraphic remittances by some' of their clients. On the assets side coin'and its equivalent had increased by over £600,000,: and money. at short calliin London by '£1,690,000.■■ Advances were lower 'by,.about £1,200,000. He intimated that they were' oxercising a "judicious control on outgo," 'in order 1 to check any speculative tendencies, Land' it had been a healthy sign of the elasticity of the business that, the natural Inflow of-money : from wool, wheat, and other products had done all that was needed to restore, equilibrium. : - - ' After the meeting the mado -the following announcement;—"! take this opportunity- of announcing that the board have, do-' 'cided to'-recommend a further increase of-the capital' of bank. Notices .to that effect will; go: out to-morrow for a meeting to bo hold 'on January. 31- next./ -Briefly 'tho' 'recom;mendations.,are;— Capital to- be increased to .£3,ooo^)oo;'shores to be issued at a premium of £5 per share;-payment to bo Bproad-over 12. months. ■ "It is barely three years- since the capitahwas last increased, and'even in.that poriod tho -business has expanded considerably, !We' think, however, it Ib! a wiso thing to look somewhat ahead and not to'wait tiji the actual 'gi'owth of the figures compel' us tonnove. •. With regard to the' premium,' taking into, consideration the markot value of the Bhares, : and the short;.interval, since tho capital- ;was. last 'increased, the' board aro of: opinion 'that it is reasonable .to;lask-..10r >the small : 'premium. of ■£5 per share. ,-This willbn'applied''to strengthen ;tho reserve fund ;so that it may 'bo :brpnehY as soon .as. possible up to what we consider its ■propert proportion to tbo increased capital.'Wo belisVe; this to bo ,of paramount,. importance in -the :of the institution. This increase of capital will.exhaust thb limit which has been ' sanctioned .',by ..our Act ; of -'Incorporation 'as Amended in 1886. We,'thoTefore,.intend to apply ;to-Parliament; for additional powers, as was done on that occasion." -;■--■.....■

j .Customs -revenue collected at Wellington'yesterday -amounted'to. £4117 165.-.9 d..,-,- ;--;•;; FLOUR.' Associatlon.TTCapyrlgbt.) "._ - ".'^fflec.V.December 3,,'8.30 ,'p.m.i ' " •'„, '■:'•• '',','' :"'" J '' London; December 2. ~ Whoat ifl nniet;'sellers are:.;:flrmi exporting countrion' arc not'/offering freely, except Russia, but buyers are.infi6tiyo s 'in face of the favourable reports -'from Argentina, Australia, - and India, and; continued large world's:, shipmonts. South i Australian-/November shipment. is offering at 41s. per-quarter;EteamcTshipment,Dccembcr-■January. ..'385..: 3d.,'-. January-February. ..395.;. per sailers, December-January,-38sV 3d.; January-Feb-ruary-March';. 38s.' ■ Australian, on spot, is in' small - compass, tand is held for 435. 6d. to 445: NBwZdaland.'almost exhausted, is quoted at 395. '.to'39s.;6d. ,- : - ■ ••"■.• , .'- ; ■ ■ -.-' {•'xVUmv,' on. unchanged;;buyers 'aro '.to 275. for. patent, sorts, January-February* shipment...•:-.: