COMMERCIAL ITEMS.

Dominion, Volume 3, Issue 916, 8 September 1910, Page 10

COMMERCIAL ITEMS.

INVESTMENT ■SHAKES, A sale-'J)f Wostport-Stdckton Coal'share's at. 7s. was . the. only .transaction recorded yesterday. 'The market exhibited a.quiet' tone. Tha quotations wore as under :— : Buyers. Sellers Sales £s. d £.s.d. £s.d Bank of N.Z 10.0 0 10 5 o'■■ — National Dank — 5 17.0. —'. Equitable Building 9 12 6 — ' — N.Z. and Kivcr . : , Plato ........: .■■ - . 2 10 >- Well.. Deposit : —. 0 9 0 ■ — Wellington Gas (£10) 18 5 0 - - Wellington Gas. (£6 , 155.) ;..:......... 13 12 6 - . Gear iloat, (£4) ... 10 5 0 - ■'■ ■ — Heat Export (£2l2s. ' 6d.) ........ - 3 5 0 ■ - Well. Woollen' (oi-d:) 3 15 0 — . - Well. Woollen (prcf.) 2 14 0 - - Westport Coal — 610 0 — Westport-Stockton 0 6 .9 — 0 7 0 Leyland-O'Brien .... 17 3 18 0 — N.Z. Con. Dental... -12 6 —' N.Z. Paper Millß ... 1. 3 3 — — Sharland's ord. ... — 12 6 — Sharland's pret. ... 119 — — Taringaniutu Totara 112 6. '—'■.'..." — ■ -CAPITAL EST INDIA. Joint stock venturing in India, has received a great deal of attention in recent years.. Reviewing tho normal and material progress and condition of India during 1908-9, tho. India. Office .states-, that there were-289 new' companies registered in India during the year, with a paid-up capital of £462,000, while 151, with a capital of £509,000 ■ ceased to work. Tho aggregate i, paid-up capital of 695 companies.'was increased by .£4,625,000,- whilst 86- companies reduced their paid-up'capital by £73,000.' Tho net result was that at the end of tho year, there, were in operation 2061 comlanics, with a paid-up capital of £33,876,000. There has been an increase of 57 per cent, in the paid-up capital • during the last ten years. -The companies are most, important in the provinces of Bengal and Bombay/ which possesses.4o and 38-per cent/"Tespec-' tively of all tho ■ paid-up capital, whilst tho share of Madras, which comes' -next, was less than 9 per cent. • of the whole. The average of paid-up capital' is highest in Bengal, where it . amounts ' to £26,600, while, in. Bombay it. is The distribution of paid-up Capital among registered ,companies' of- the different classes, was as follows:—, '.-■ .' .- .-■- Banking, loan and insurance _ '£4,595,000 Trading . and •. shipping .......~,..., 6,694,000 Mining and, quarrying ,\ „..;...._...... ■■. 2,826,000 : Mills and. presses. 15,667,000 Tea '..and planting '...:. ,_ , 2,404,000 Other industries ............'. 1,690,000 '.These ; figures represent share: capital only, but in addition there are debentures issued amounting to £4,567,000.: Nearly a third of the capital of trading'companies is.invested in railways and tramways. The capital invested in coal companies has more than', doubled in the. last, ten years. There are, so far ns ; is known, 227 companies which carry on work with sterling capital. exclusively, or .almost exclusively, in India/ but .'.which are registered ; else-. where, and their paid-up capital'amounts to £73,872,404,.,be5ides '£37,862,898 debentures The railways represent £42,657,510 paid-un capital and. £34,040,600. debentures.' Of the rest, the sterling, share capital- invested in the.tea industry is £13,495,600,.in jute mills £2,308,900,; in; cotton, mills £798,500," in ricemills £852,000, and in goldfields £2,744,000. Thus, while -.tho'-railway, gold l and tea concerns are nearly • financed from - : abroad,tho great bulk 'of the mill and press companies, are registered: in. India..:. ■'■-.. ''. ■';'': - ■; -.'•' VEGETABLE ; BUTTER'.''■.'.' v, ' According, to an-article in the "Journal of .tho .Royal.' Society of Arts,"- the recent • discovery, of < practical ■'■ methods of con-, verting .the dude. copra::oil into, palatable', and satisfactory . vegetable ' butter -■• has given, great extension,to the business in : Germany! where the consumption'of edible ■ .'fats is large.. The price at which coconut butter has recently been .produced by French and Gorman manufacturers has had a marked effect upon': tho sales ..of'compounds' in, which American cotton-seed oil: is used.' Some /seven! .companies.- are now orushirig copra and- refining-the oil for' edible: use in: Germany, selling the , -pro-' .duot under, various proprietary names.. The importations of raw copra have more than doubled :within, three -years,, : and the extension: of the;/indUsiry 'would- seem:' to Kihge .more upon the ability/of, 4he' crushers to obtain' .-supplies'/than consuming- abilities of tho market.'"To obtain . -of 'the' first prossing'.is required/ whiclr.js, bleachedwith-: fuller's earth. The raw material contains '60 to 70.'per cent, of fat, which isnot -uniform,- but.the-mixture of several fats. Tho oil is either white-or very light yellow, ..with,a: specific sweet odour, particularly: '■noticeable when heated,:,.- .:■■■. .-'■:.:'■■..-■. , .?For-itho-imanufacture of an edible fat, tho.difficulty has always been to eliminate the speciflo sweet odour, This is now done by treating. the' expressed oil with stoam, power of'which has been' increased by.heat,: and neutralising it with magnesia.': The substance, is then, -washed ,out with warm water and remeltcd. - Tho resulting.substance is/pure/white, ■ paTent,' and similar.' to -laxd 'in', appear-' <uice.. The.product has a-weak, agreeable, odour; it keeps well,, and does .not become rancid easily.' Ono of -the. most valuable properties,,,of "all coconut- butters' is their ability to stand comparatively -high tern-, peratures without: melting. .. . v Customs! rcvenuo collected' at tho port of Wellington yesterday -amounted • to '£1485 13s. v 3d....-.- ... .' . ■ ./■ ■ ■•. ■ ...,-.- Ii';>;^;;\THE : .METAL 'MARKETS.::";: /"/' By TWetrraph—Pretj, .VssjJ!- :i:.: ;i>inyrlVht " .. i;■'-,' - London, September. 6.. '. ■ Copper—Forward delivory,: £56 ss.': olectrolytic,":£sß; ■ ■'■ - ; ; -.-.:;: :, spot, £162 10s.: three months,'' £158... "-■ -!■■■ ■■' •■"'.• .--..' ■ ;-■-,"::■ .-,■-"-■ "Silver—Bar silver is quoted at 24gd. per' ounce'standard; . .: . '.',..' (Eec.! September 7, 9.25 p.m.), .'...-. " '-'..- ' : : .., : -London, September'' 7. ■' .Copper—On,: spot, i £65 ■ 12s, '.6d.; "three".' months," £56 Bs. 9d. .""." , - :„ ■ Tin-Cash,'£l6s, : '-/".;'":.-/•'.■■ . :. • .'Lead, £12 10s./ .;; '■/'..' -y] .'-,'■; /-. . '.■'.'.'..•.'. -' .',' BANK AND. MINING' SHAKES.. "; ' By Telegraph—Press Association- -Copyright, 1 ; -.-■:',.'" '■■'■:'■ .'.', /" .•'".-■ London, September 6. '. Share' market ..quotations include:—Bank of Australasia; buyers' £115,: sellers £116; Bank of Victoria, • buyers £5, sellers £5 55.; Bank' of New Zealand, buyers ~£lO ss'., seller's- £10 155.; Waihi G.M.,.-buyers 1365. 3d., sellers 138s. 9d.;',Waihi Grand Junction, buyers,36s. 3d., sellers: 38s.'9d.' : : .: .'.;:,,, j:'v.'', ;; - ;^/'^GEAIN::.iIAEKET.':':-:■-':';:.'"" / (By Tel'eEraph.-Preßs 1 A^aoelation.l' ~': ;. ,'■: •' Dunedln, September'7. l ■ ' Oats':. There is very:little, business pass-' ing. in oats; .owing to'fne absence of ship-; ping demand'and -: consignments- . coming : forward are ample for; local-requirements. Seed lines are .in' fair -demand. 'Seed-line,;' 2s. to 2s. '3d.; best milling, Is. ■10Jd.-t0.15.., Id:; good to best feed,. Is. 9jd. to. ls;10|d:;inferior and medium,. Is. 6d.' to.ls.:Bld. ~, | '.Wheat:, There-'are ■■:, very: „ few,, millers;

operating, and the market, is very.quiet. Recent exports from Canterbury may tend to.. haTden prices. Prime milling velvet, 3s. 10d.. to 45.; tuscan,' 3s. 7d. to 3s. Bd.; inodium, 3s. -sd. to 3s. 6d.j best whole fowl wheat, 3s. 2d. to 3s. 4d. .-.....- (ißr TeletrraDb—Press Associatlon.i ;"' . Wanganul, September 7.< The annual meeting of 'the Wanganui Meat Freezing Company was held.to-day. The report disclosed that the year- had been a: very successful one, the profit being over £12,000. This allowed tho repayment of over £6000 lost last year, and tho declaration of a flyo per cent, dividend in addition to a considerable sum being' placed to the repairs and maintenance account.. Tho company is now making additions to its works, which will give storage for 15,000 extra carcasses of' mutton. Messrs. Silk and Hall were olecetd auditors. . . .-.■_. . NEWTOWN PROPERTX , SALE. • .'. Yesterday at.2.30: p.m. the■ property situated in Mansfield Street, Nowtown. and known as the Kensington Private Hotel was offered at auction by Messrs. Harcourt and Co., at their rooms. It was.knocked down to Messrs. J. and P. ■ Fanning at a price of £1850 : ■ ; . .