COMMERCIAL ITEMS.

Dominion, Volume 4, Issue 937, 3 October 1910, Page 8

COMMERCIAL ITEMS.

;iN^STMEOT/ : sgAßES?;';^ : ;/:yt ■; .Investment/jßhares.;;.we're -• Quiet;.. there were.very.:few-..,auotation3;:a2d. : .the: sales/re-, bbrded.were Taupiri-;Cbali.\El,fanbVTaran'aki.. Petroleum,-- 9ai :^^The,-.:'aiibtatioiis^.were-;': as

under:—syfefe fefe'/;;:fe fe 1 .■•■..':.'•;:■:'■'-:•.". r-''.--\'i /: ,'-'ju :^:ftS ßuyers./ Sellers.''! Sales: National. Bank:';;.:;. :5.15/ 0 ,•.5 17 0; '■;-; —. ; 'Bank - N.Z;.;..fe..;.;.10.,5 0 • .-■.".'■■■.'-'-. V- ■'. N:Z. Loan .and Her-"-;-': :••,. : ,fe". y'i!y:: J "■' .-pantile:;.....,i>..^.wSiiO^O;;o. •;,';« '.'•'. ■•„'; i '■' : , • Insur'ancfe aUi .':6;-j ,v —' .r* v-'v,—.:. 'fr;ZV;insuraiTO?,v;.vK''4i o'6'-St—•;':'-^:.— v :' N.Z. : Shipping'';.;;fev;^ : .:: 10 ' l.VOi,i ; :-: ." Well: Woollen (pref.K 214 6. 2 17.:0.. --;.' • Taupiri Coal ■.;.:;.•.;. .':■—•; ;1' 0"■"6 1. -0 0, . Leylarid-O.'Brien;....;.'— ■ y, 1 't tr- ■..-— -. N.Z.Con.!Denta,l.v.;vl 0 ,-'9. 1./l'6,:fe/--;•' Sliarland's (ord;) ..•..'::— :.■ :1 ; .2,3,.i.j— ■'. Sharlahd's (pref.■):;'.. ',;::•—' ;. 1v2..-3. ' t4r:' iTaranaki OWB-6 -, ; ov'9 ' 0 .fMd^M^CkK'S,:!*!^;;:^ 1 !!.:'!)^:^.-? cvi; r l '■■ -ife- ■'* ';OTSTOMS.-.:' -.-.:. : ;fe:fe'.;;; day. totalled £748: 2s.- Bd.;' the revenue' for the week amounted v to', : £U;l7r sa. 5d.-, : as com- • pared -with i £10,202 .Bs. ; 10d.'- for. tho ."corres^' ponding-period: "of U909; ;6li3w:'as 'under:— j. fe:' : fefe'feCv;fe^ f:-_V. : >« : ;'.-".'^■ j'Kv-V'*: : i-v■.i'-'i' 1 --';■ : v^.^V-'JS--'' fefe£''-':''. '■■ -■■; September; Wi&.l™^^^' f.-i: 9,383 '• ■; '-; \:-. '■ September 24:5';;.:.:.:;.;.'i'22,542 fer17,192:-.;■■■ ?;vi,.pototer^l^^.iv»^"J : lUm^:ylO,2o2..';i ■0 : £36,777:;. :; ! i'■■ The'. 'Customs ■': reyeriiie*' ; f or ; ■"■ each ofi the.'past.-threo b.uarters:.wfis 'as, follows:—. fe' '■'■ : ,\'.'( '.' fe AiK.'.feJ-/ "fifes.'dfe" *liMaroh'^(iuarter:':i..a...MC^ , r'.l79,3s7':s .1 '~: > L - June 169,99017 ■' 5.■: '•'■ ;;V September.quarter 12"0 , ; '■' v-'fe^^fetfe^ ■.';' The beer duty.'for'theVpast "week ■ totalled' £293. 135.; Cd., as 'compared;'i.withi.£lß9 Is. . for \tEe_ year. .Tho beer duty .colleeteiin-Hiabh of ytne past .three.yduai+ers .wasfa's'rf&lldWs ■, -: : v-. ■ : ''■''>. .fefe y-?'s\ffi%tt ,s£■■■■' s:d.-' ' .!•,: March' quarter ;;.V;i?,',t..'.i,i..V.; 3440'. 3.5 . ~ :June quarter.*...::;.......;::....... 3201 0' 5 - ■ • ;y>-.September'Quarter..'..y.iV./...,'- 2922 .2'.6.'. ■;. : 'ff:^Ov:^^j^o yife y { '.;' ) '■ 'V-iini*';balanba-alnfet:of/■UhoV'South'-British ;Ins'uranc6''rCom'pany^'f6rtie 'year* ended August..3l,'Shows/.that ..thc/not revenue for the,. : year : a'mounted ! i , to J :£369,E06 T/s, '3d., as. .compar,.eds,w.ith a £.34jl,osj u Us^jld.: in,,the pre-, vious Yyear. ■ 'After making full, provision '■for.'; Ibssesv outstanding/: there '• is. a", surplus; ih'ythe ireyenueVaccottnt *'of ('£67,663 3s. 5d.", as;; against';. £59,625 'ss. lOd.: ' There ' wits brought forward:, from,, the'previous year' £24,528- 15s: 7d., niaking.: the 'amount at credit : of-,proflt>and/loss!,account £92,191 : ■19a.>: and ( 'this;Jia's,been ,ci«alt with in;the following.-manner':—,■"- ■"■■'■■ y'fe. fe- -.-.- .[ , .■fe;;"^fefe; : Y;,*fe - £ : ,; "s.dr •Ihierfmldiv.Ja'lirs'Jc'itp'or share 15,000 00! Transferred to; reserve .fund....' 30,000 00 : ■Sinking• fund—Leaseholds^y.'........' ■ 300 0: 0: Written : . off >,-fur'niture ;.':..'^.;..;.... : ; ■-- 546," 0 ~.tOißcera!:.:pro.videatilfund9._,.'...;'.:.. 3,048 18 :5 .Dividend sow at Is.9d.per.share 17,500 -0 0 'Carried f0rward.;;.....;...,..,.;......;...; 25,797 .0 1 V:. :^y'y:^ - :^; 'K yy-^-^yy. : : / £92,19119 ; '0 reserve'fund'now-stands:at £340,000,' and tho .reinsurarice>reservo at. £140,000. :The investments ,■ in Government securities t0^;.£51,526;;iZ5.;,3d.y;. iJ| .:.- 7 ;: ; .: • ...yyy .'' ! '. (., lo^don'MeSets:;;■• By Telegraph— Press Association—Oopyright.; '."■.•':;,; '.'■ (Rec. October. 2, 5.5 p.m.). . '. : ; ''•-,' r London, October i:. Hemp: is.;steady and: unchanged. ■; . :•. ; Copra, is quiet. ;, South. Sea, :iii bags, is 'quoted at £26 ;, -per.''ti)n; l V"' J '::: ..',■: -.i Cotton. : vThe;i..'LiyeT.BOolj, , j quotation forAmerican -middling,-'ujjland cotton,. Octo-ber-;Novomber shipme'nt,"is~ 7.29Jd. per'lb., as against 7i26d;iin" : the .previous week: Bubber (ine:< : hai'd.'Para),T.6s. 4d., per lb. '■:';■':.: ./'"THE^METAfivJMAKKETS;'.':''..'';' " ~:';• •.-.."'.--'-..':■.-'.'. London, October l. "Oopper.—On spot, .£55 ss. -per ton; three months, £56 Is. 3d.'■': Elect'rplytic, £57 15e. ■ 'Tin, on spot, £147 per ton; three months, "£159 55.-' v.,..-.,' -. „ , ..- .<."•' '■' Silver.—Bar silver; i 6 rquotcd at 24 15-16 d. per,-; ounce" standard, y y ,' ■•':'■,-;■,' i Kew Zealand Loan and. Mercantile Agenoy Company, Ltd:, havo .received the following cablegram -from! their .London house, under dato September 30,:—Frozen Meat: No change in market. ~ y/ t .. -:. LONDON,.WOOL SALES. .: .London,. September 30. At the wool.;sales thcro was spirited competition. Faulty morinos. were; somewhat ivoak, but-prices .for crossbreds; wore fully maintained. ;] , '/.'.' ;■ ■: Messrs. Murray, -Roberts and. Co., Ltd.; -have tho vfollowing cablegram from their London friends;: Messrs. Sanderson; Murray and C 0.,. under date September 30, with reference to the wooleaJes:— "Thji market 'is,''firm.' Compared with tho closing rates of last London sales, tho market for merino wool shows an adyanco of flvo per cent/'' ; . . . ' NEW' ZEALAND .'SHIPPING ) COMPANY, y ■'■■ ANNtTAL BALiNCE-SHEET.., '■'.' . (Roc. October; 2, 5.5 p.m.) : ■"■'.•'. /-..,', London, October 1. The New Zealand Shipping Company's balance-sheet'shows a of .'£69,600. A dividend of ten. shillings; and. a bonus of two \ shillings and sixpenco; per share, .is declared: ' A's'um : of £15,548 is;earned for-, ward. ■ !','."■.'

BANK OP ENGLAND EETTJRN. By Toleßrapli-Freas AsaociaUon- I GoDyrlch''.. -, '(KocSopt. 23, 8.20 p.m.) /'London, September 30; ■•• The/Bank of-England return issued for. the week . onded •• .Wednesday, September. 2S, is as under:—. . ■ Ibsub Departmbnt. ■ Notolsauo... £14,HS.UXI ..(Joy. flobfi ... £11,015,00) V." '"''' ''"'' ' Otho'r seouii- ■ '...-■',.•■ -tios ... 7,434,000 ■■;■■....'" . Gold .„ 35,620,000 i 54,276,000 ... JE54,275,CM BiHEUto Dir-AnureNi. Proprietors' Govt. Eecuri- ■■ capital ~- £14,553,000 . ties ..£15,266,000 Public de- . ' . Other aeouri- . posita -~..12,792,000... tiOB.;. ... 30,430,000 Otherdb- ' ,' posits ..... 4M9,000 Notoa ... 26,310,000 Host, 7-day . . audothor Coin... „ 1,523,000 .bi115..,: ...' 3,751,000 -~ £73,535,000 '.. £73,635,000 The leading'items of the Bank of Bng.land return , afford the followiue com' pariaon:— - ' '■'■'■'■ • ■ . ■••■ This week. ■ Last week; liist year 8u11i0n..,. -...',35,826,000 37.021,000; 35,665,000 Heaorve. .-.:'•. ... 37,830,000 ■ 28,434,000 25.070,000 Note circulation 37,959,000 27,633,000. 28,709,000 PublicDoposits /:12'i702W00-V19 1 «5,UW.t 8,835.000 Other Deposits. 42,439,000.. 43.536.000' 42.721,000 Proportion ol ._...— :...'. .- ..i. . . ~,. reserve : to . ; liabilities, ... ' 60.39 . 53.36 60.36. . >'' ■■;;. -GOTEENMENT SEOUEITIKS,"■',...;.; ■ The folloiring are the '.latest quotations for Government securitiea. with . a comparison of those ruling last week:—

y ;;fe JBANrT KATES OFyINTEEESi :;' / The'Bank'bf ; England, discount rata'was reduced, on .'January . 20-'-.last from' 41 per cent.:to : 3J per cent., ,and ; .on. February ID to'3'.percent. '~On/March-17 it was/raised to .4 per, cent., on June 2 it was reduced, to 31 per/cent., and on June 9, to 3 per. cent; On'■; September ' 29., it was'.raised to 4-per, cent;; ■:■' .-■ /; ■'.- ■'■.■■? -\ ■."'.•'■•;..•.•'.;• ';;::;■ ; ■:- : ;; ; :. ; The 'Bank': of France .-"rate , was reduced frorii 31-to/3,per:cent,,on January,,.23,i;l?oa,. ■and..;rethains. at the latter.'figure. v . 'The Imperial Bank of Germany on January Sl'last' lowered its rate '""from'; 6 per' cent.,, and on February ,10 to"; 4. por. cent. On v September 26, the rate was raised to. s;per; cent:, -7. ,■' ;/'/-''v'//--';fe /-/ry.':: v/-/';,-.' ■;;( MAEKET "RATES /OF jDISCQTJN*. "y'. ; ..The following are the, market rateßfor best thrco '.months' (bills:—;.',:., . :„: ~y; , : ■ '•''■' ,'v-''.: >.'.'.';'.'• .: London : 'Paris "■'•Berlin ■;';■■;;;;;.:;;'.;'. .■.-:. rate- '.■■■'. 'rate.;/ /.■. rate." /" ■ ':.///'. : per cent, per.cent per'cent.' ;' ;, :This 'week' J..:.;.;"59-16 23H,,-.-■'■ 45 ' " La/ St',; week ;..„.....- 213-16 23;-■'••'. '3| , ; ; ;; Last; year. .....;...-23-16 ; 2 ■■>.:;■'2i.; ; .'•. '. Short:loans are,quoted in London at"3l' per. cent., as against, lj. per cent, in the previous,-week, and 11 per a "fori-, nightvagd.",";; .yy : - ; :;fe/.;: ;■;;; ; -: ■'■; ■;' .-'y- : >,' '■■] /-^COLONIAL'• ; ANDvOTHEEyPBbiTOE/ y; ''•'.'.-ButtoijjSTTKg. 'market:/ is;.quiet, rand; prices aro uncliange'd; '• ia '•;■ eelliiikreadily, but secondary dualities are glected.;:/','" '/;v:;";v-,; ;; ; ■ y :'.:./; '.■;.._-' ■-~ Suff'ar.—G'orman; ; beet,';Sßdeg., Is:''3d. lower: ■ at'los. per:cwt:; /first; mark,• granulated, f.o.b; ■ Hamburg,, Bd;..lowcr at.fls.' ;i '.; Kauri-Gum;—At .the,sales .296 cases, were oflerod, and; 40 sold. ..Prices, are:,, un-' changed.'■ ■ :'■ :'",'■-,,'' - .'",'/!Y.- ; Bradford Tops—Tho,market' is;firm;;4b'Bv 'aro 'quoted -at 15d. "per lb.; 46's,i at 17d.'j 60,'-s;; at.2ld.;' 56's,\ at:24d.', all urichangeu as; compared 'with- tho, previous week. Super ,-60!b, vld'.:.- higher ;at >/281d,. : ;'/:,64'5,;.;ju.'! .higher,'at ■;29id;[:-.y:;;y.vi' i ■■■';'.-i-l'v.':'-?. ;' 4 •:' THE .ffITAL-3fABKETS.y■ :■ ■;,■•; '.;.' ' ; Ooppe'r.^-rOn" spot,; :ss. lower,..'at £54" 175,; 6d;' per:ton;-three months,'2s. 6d; lower."at '£55:135.\9d.;/ V\:^- : y'r. '•'•.- " :'y\, .: y.y: . Tin.—On ; :spot, : . and three/months', .de-livery,-10s.'and 15s.- higher respectively,: at' £158...-■•■■••:■.-■>•• \ .:"," [:■:>■■ .-.. ■.(:'■ ; •■• ':'.' Pig-iron,-2d.Mower . >: Spelter,-2s': 6d.' higher; at" £23 10s. per'tori; "Silver.—Bar silver : is .auoted' at 24id.'per, ounce.'.standard. / y : i ;.: ■:.■■■*?■, \ y yjmurima 'i^KETy'sEPOETy;; fey .' Messrs. A. H. Atkinson and Ob:,' Ltd;; re-, port. oia.Friday's sale, a limited 'entry •of poultry ■ and pigs.: ■ The 'latter. met. a drag-; ging isale,'. very, little • of : quality - offering. .Weariers made.to. 10s.; stores-to 205.; in; poultry,': cockerels/sold up-to. 45.; hens,' i'.4s.; turkeys,;to 12s: per pair/ We'soldTa quantity; of .furniture, saddlery, produce,' and general .sundries.;' 1 ; Wo- had clearing; sales, during:' tho week. on .account-,of-Mr. •Kilford, and' at ;'Waituna"'W'est .'for.'''Mr.. E;,C.,v Humphrey. '.'Good, clearances' were ■made;in;each case. Vehicles sold'up:to £22; suites of furniture • from £6' 17s. 6d. t6,/£12; ; -harnesB to'.-£3 17a...6d. : ' ; , .'■ , '-~

..:.;;"..',•:,' ; , .•'•;■■ • ' '■' Variations ' i.., i\ _' compared :'-, ; . ; ".'.'•'••■"''■•■.'■•■'•■•■■'■•"''•■'-.''Moo. •.'■" .with ; ".' ■.;.'.■"-:■' ■■' "". ; . --'-'■■ • " : ' - last week. ;■, '•';.=. . ',.' : £\ t. d. '■: ' 2J% Imperial ConsolB.. 80 2 6 . :.5s.lower i „N.S.'W.1933Jan.-July 105 0 0 2a.Gd.lowec 3J ,,N-S.\V.1918'.»iar.-S8p. 93 0 0 Unchanged' '3„N.S.W.1935Apl.-Oct. 86 10 0 Unchanged 1 ';,Vk. 1920Jan.-July. 103 = 0'0 Unchanged 8i„ Vic; 1921-6 Jam-July.' 93. 00 Us.ul. lower 3 •:,, Vic. 1929-WJan.-July 65 10 0 .Unchanged 8j ,,S,A; 1916 Jan.-July ' '97 5.0 Unchanged 3.''-,;s:i.'lJ16 Jan.-July 83 10 0 Unchanged : i ..Q'l'dlOlS-SiJau.July 102 10 0 lOkhifillor 3i„QTdl9i4-30Jan.-July ' 9S 0 0' Unchanged 3 „.(jTdl<JJ2-J7Jan.-July ' 3110 0 < ; lts..low6r i ■ v.'N.Zi 1929 May-NOT. 105 2.6 Unchanged' :34 ;,N.Z.19#IJtn.iJuly • 98 0 0 ■6s. lower .3. „ N;Z. 194f. April-Oct.' '66 5 0 ■,' ' oB.lower' 35„W,A.19iiO-jOJJay-Nov ' 97 10' 0 Unchanged 3 .„ W:A;i916-i54Iay-N0T 83 0 0 Unchanged Si ',;>Ta.s. lMUJan.-July . 99 0 0 Unohanced 3 ;, Tat. 1MH0 Jan.-July 86 0 0 Unohapgod