COMMERCIAL ITEMS.

Dominion, Volume 3, Issue 873, 20 July 1910, Page 10

COMMERCIAL ITEMS.

INVESTMENT SHAEES.. Sales of New Zealand Shipping- at £10 Is., and Leyland-O'Brieu Timber at, £1 6s. 3d. 'wore recorded yesterday. Bank of New Zealand, buyers £10 106.; National Bank, buyers £6 Is.; Equitable• Building, buyers £9 10s.; Metropolitan Building, buyers £12; Wellington Investment, buyers 11s. 3d. cum. dividend; Wellington Trust and Loan, buyers, £7 95.; Wellington Deposit, buyers Bs. id.; New Zealand and Eiver Plate, buyers £2 Os. 6d.; Ohristchurch Gas, buyers £9 10s.; Feilding Gas, sellers £1 25.; Wellington Gas, £10 paid, buyers £18 10s., £6 15s. paid, buyers, £13 12s. 6(1.; National Insurance, buyers £1 106. 6d.; Ohristchurch Meat, buyers £12 18s.; Gea,'.. Meat, £4 paid, buyers £10 55., £1 paid, bu-ers, £2 145.; iNcw Zealand Shipping, sellers £10; TJnion Steam, buyers £1 14s. 6d.; Kaiapoi Woollen, buyers Wife; Wellington Woollen, ordinary, buyers £3 ss; preference buyers, £2 11s.;. Taupiri Coal, sellers £1 0s: 9d.,v Westport Coal,, buyers '£6 12s. 3d., sellers, £6 135.; Leyland-o ßnen Timber, buyers £1 6b.;-Now Zealand Drug, buyers £2 11s.; Sharland'e preference, buyers, £1 Os. 6d.; Taranaki Petroleum, sellers Us.; Taringaniutu Totara, buyers,£l Bs.

WELLINGTON INVESTMENT ■ COMPANY. The balance-sheet of the Wellington Investment Trustee and Agency. Company, Limited, for the year ended June 30 last was circulated yesterday. The profit for the year, together with £162 45..3d, / brouEht forward, amounted to £3931 Is. Of this -£750 has been added to the reserve fund, a-nd the dividend at the rate of 6 per cent, absorbs £3COO, leaving £181 Is.' to be carried forward. Tho reserve fund now stands at £7750. The income for the year was ■made up: of interest received and accrued, £10.907 1431 5d.; rents received and accrued. £1614 Is. Bd.; commission and agency, £34 12s. 6d.; and Transfer fees, 16s. These items together with £162 4s. 3d', brought forward gave the total of £12.719 Bs. 10d. The. interest. paid and accrued totalled £7166 4s. 4d., written off furniture account, £28 19s. 2d.; charges, £1111 Wβ. 6d.; taxation, £218 19s. 10d.; fees, £262 10n.; leaving the balance of £3931 Is. The amount invested on mortgage is £167,217; properties not acauired by ■ foreclosure, £40 686 15s; 5d.; Corporation and . Harbour Board Debentures, £22,939. The deposits and interest amounts to £157,231.

BUILDING SOCIETY'S' MEETING.' Tho annual meeting of members of the No. 5 00-opcrative Building. Society of Wellington : was held last 'evening, Mr. J. B. Graham 'presiding. ......,,, ~ , c) The annual report stated that the business of the society during tho whole •of the time of its existence has .been steadily, prosperous. Again- -an ■ increase in,- the credit balance of the profit., and- loss account was shown, and the profit on the last year's work would have been considerably larger if a bonus tendered, but not vet naid, could have been obtained, and the directors could have got a tender for another appropriation, which was offered but not tendered for. It was well-known that the Dominion recently came through a very trying commercial crisis, but the directors had never foreclosed on any mortgage,, and . they were confident that the -securities possessed, by. the society were' sufficient for the purposes for which Xsrs'wf'King, H. Poole, and W. J. Young were re-elected directors.

TRADE IN ALLEN STREET. Fruit.—The Manuka duo from Sydney today is bringing a small shipment, oi bevine oranEes, .mandarines, lemons, passion fruit, anu pine apples. - By the Wavua, from Fiji, a light Bhipment of fruit in duo on Friday. ' Tasmanian apples-Fairly • heavy shipments arc now coming forward, and pncoa are in favour of buyers. , Pears.—Ohoice dessert are meetmK with keen demand, and prices ranco from 6s. 6d. to 7s. 6d; per half case. Vegetables—Parsnips are in short supdlv and aro realisinK extreme rates. Table carrots, are meeting with fair demand, and make satisfactory prices. Cauliflowers sell at 10s. to 13s. per sack for prime quality. Celery is also in demand, prime ranging from 2s. ,to 3s. per-dozen. Oth"r vaWetie! of vegetables have Rood inquiries, and the market continues firm. • Eggs.-Fresh eges, have been in short supply, and tho current prices are Is. sd. to Is. 6d.; preserved, Is. Id. to Is. 2d..,per d< Butter.-Prime bulk is in excellent re- , inlight supply!: but values tins has fair inquiry, at 3Jd. to 4d. Per ' b -. according to quality.. Hams and Bacon.-Thero is a fait■business passing with prices unchanged. Poultry -Pullets are in good demand, at (i to sb. per pair; hens, 3s. 6d. w 45.: key gobblers, 10d. per lb.; hens, Bd. Potatoes.-Supplies aro fully . equal to the demand, prime table ranguiK from £7 to £7 10s ■ need, up-to-date, £6 10s. to £7 10s. Very few Australian potatoes are Of MaSf'.has declined 2d. per. bushel dur,n are light, current prices are £6 ss. to £6 10s. . . , Bran rneAs with fair inquiry, at- £4 to Flour.—Very little is coming forward from i Australia, while fair business is doing in New Zealand sorts.

THE MEAT MARKET. The difficulties of the meat market are many and varied; and how hard it is oven for those closely connected with tho business to accurately estimate the prospects is illustrated by tho movements of the beef market. Early in Juno experienced salesmen in the Smithfield market expressed the opinion that owing to the prevailing scarcity of meat, and especially beef, prices would rule high until about September. All the trade circulars received in New Zealand by the,last mail are to the same effect, and yet beef is down. Comparing the quotations ruling early in June with, those current last week' we get the following:- JunM . Julyl J. PaU . • " ■ d. d. d. New Zealand ox fores jj| 23 \ Now Zealand ox hinds ... 51 „? ,° Australian' ox fores Ji » L Australian ox hinds 5 A ■* River Plato ox fores ...... 41 21 ZJ River Plate ox hinds SJ-, 3 «. There is a fall of practically 50 per cent, in the quotations in about six. weeks, 'and yet we were assured that values would remain high for sorao months. To ado to this, there is a drop of 10s. in the quotations for hides. Tho high prices ruling in Mav had a good effect to the extent that they stimulated the demand for canned' moat. The shortage of supplies from America also helped canned meats. Largo quantities of the latter were withdrawn from London and sent to the West, where a very fine trade has been cultivated. LONDON WOOL SALES. By Telegraph—Press Association—Copyright. London, July 18. At the wool sales i there was good competition at highest rates. WHEAT AND FLOUR. By Telegraph—Press Association— Copyright. London, July 18. The wheat and flour afloat for tho United Kingdom totals 2,535,000 quarters; for the Continent, £1,005,000 quarters; Atlantic shipments, 65,000; Pacific, 3000. The total shipments to Europe during the week amounted to 885,000 quarters, including 106,000 from Argentina, 475,000 from Russia, 112,000 from India, and 4000 from Australasia. SILVER. By Telegraph—Press Association—Copyright. London, July 18. Silver is quoted at 25Jd. per ounce. LONDON MARKETS. (Eeu. July 19, 10.25 p.m.) London, July 19. Copper.—On 6pot, £53 Us.' 3d.; three months, £54 ss. Tin—On spot, £149; three months, £150 7s. 6d. ■ Wheat—Two Australian cargoes have Jjcen. Eold-at 365,

CUSTOMS EEVENUE. lOustonis revenue collected at Wellington yesterday 'amounted to '£1449 12s. 4d. - BOEING BIGHTS SEOTJEED. (By Telegraph.—Press Association.) Now Plymouth, July 19. The Inglewood Oil Boring Company has secured the renewal of boring rights for five years over a large area of country around Inglewood; also over 12,000 acres at Moliau, whero there is a coal, shale, sandstone, and limestone outcrop. Tho directors intend to submit the whole to London financiers.