COMMERCIAL ITEMS.

Dominion, Volume 4, Issue 938, 4 October 1910, Page 8

COMMERCIAL ITEMS.

'i^ ,;SSc'INYESTMENT ; ; . r> There were.ho.transadtions.in..investmcn't shares yesterday, and;tho markefdisplaye'd 'a-;.quiet: tone. . The.'.quotations ; were>as. ~under r:.-'"-'-r,-i'■■;•'■ 'Cw'-f;'. '•';■;'• ■'■■•'.V'-V-' ; . : '.* i.:f fl: v ? ;v.' ;■' ; 4">CBuyorß^>^r/ ; Sellera: ; r '■Bank;'XZ.';v.::V..;.':.'.-.'ii.«-.'.i.'.:.-10 svo ■:■;.'■ ■'—'] ; MbtropolitanV......'.v..;-..;..i.;:;. > 12 : o'o -. ; ".-- : : N;Z. loan , • and'■Merean- - '. : : .' ; ;; •; •■.;: >• .■^■tUe.":-';':.;;:. , o■■■■; ;~;:o 11 p .Vi.....,;.-.;.'.v>''4'. 0 6 ■'..;.:—V.~tStandard Insurance ......i 1" 5- 0:; ".'■-. — ■'. ..^...:....;_...''V- : .':W 10 iCO: '.Well.-Woollen (pref.) ....... 214 -6-..■: _2 16 6 ITaupiri Coal ■;.';:.,^:.:v.;:.-. : ..i/;'..'.:*4--'.-,-.i'.v.. ; :.i o 6 ;WestportOoal t;:.:....«/:;^.^■.—':;v- vl .;6; 8 6' Westport-Stockton ■ d>;.;.. .O TO ' - a: —■' ■Leyland; O'Briens :..-.i:i.'.;-.U' , -"i^- : .-..'■:. '■' l ■' i 6 ;N.Z:-Con. : : Dental :;..;.:;;./...;:,— '•*/ . ; l<2 0Sharland'e.: (prd.).' .........;„ -.>V—s■/.;■,:■■ l 2■: 3; .Sharland's". (pref.).. 'i' 12 .3 ■ Taringamutu'Totara ;.»;:'" ; —',■-'■'■ % 4 o' ■.■^ard:ana.-,0p..'-.'.v.i-..;;:..i;i.'i.'.Svrj~.-^ : ';;; .5 5-0 ■;■ Th.eV.balancPjßheet ;; of .the'JSoutli British Insurance . Cdinpkay ■ for: the ■ year'.; ended August' 31,'when,compared 'witntlio document, issued shows some' interesting change, v : -The -net premium' in-. cbme;'an4' other* principal"'ii*ms; comparo .as'.iinaer^:^;^;;-^... F&S'i. '}■':.■' ■>'■' :. y '.-''^-. J ::. ■■-]■ v / ■•; ;: ■■'£■'-■';*'£*■' ; " V' Net premiums*;../;.'r-326;M2-'» '•'•■ 310,437'' : '';■ Net losses. 0.;:......:c;i97,320 • ;;'185,203 ;; . •: .Expenses :?.. ......iVO 94i624r;v -•■96,225":- .' : i Underwriting .profit::34,39B:v- / 29,009' ; ■;. ; ,The:.'net-premium'inconiiEfTyas larger-by ■. £16,105, s ;and ; the net losses 'were greater by . £12,117;'.'' while * the expenses:.'.were less ' by '■■'. :£l4ulj'-.so;that'.the underwriting was larger ;By v .£5389. : ; .The ratios', of; tho -losses, ei-i ;p'ensesi: and profittoithe premium income for-the past year- work out as , under:—' ' \^£« ,r V: *■- : ;^i ; ':''£ '''i' I .'!''- ' : ''; :: /: :: ,; -.' losses';-;^.-;;..'197'320-» : .60.43.p.c.; : 'Ir+Espenses-'7:' ...5.V.iv'. , '94;824'"' > '■ ,29:03 p.c.o• ' ;;..;...;...;...■. 34,398T,. r " 10,54 p.c;^: % Top the i profit' of £34,398 musfibe added "the' revenue received from 'fentsafld.interest, £33,265, and the balance .uroriEhfforward-"from'.the: previous year, £24,529, which gives .the,-total ..of .£92,192,the amount available'for distribution.' The .dividend for the ycar.is.3s.'.3d. : per. share, equal'to 52J percoorit.-!on the rpaid-up capital, of 'the. com'irany.'-'Thifl'-fdoks a large return', but it. must . l'emembored that besides the paid-up ..capital of £100,000, the oompany has' --a, .reserve; fund of £340,000, and a reinsurance reserve of £140,000. The investments of the company apart'from landed property include:—'.■■ ..'.-■■ ■:■ :.'.: ; ..? : . ; ; /: > ■■'.•" '■: ■■■'.■h-\y-\'-:---& :.:'-,■ 1 ,'lioans oh mortgage ....,.;.........,". ; -, Fixed, deposits ......................... 51,500 ' .'. "Stocks:and debentures ; ..i:.....,.31,174 ' : Municipal and', harbour bqard -.■■•.., : ; : ■'; i■ ; debentures .;•,;....'.■;.:;.'(..-,■;..!.'..;,:'j' 51,900 " '.•,-.■ \. seenrities <'......;...:; 51,326 \ ■■-, Cash; ...:.....;... :.!.: ..;...:.... 18,990 • ''~.• Balances at branches .....:.......-.75,710... '■■:•'" '<.<>. ■■':'■' : "': "t\ '':. :'■■:'. '.'''V-! •!','; - ,£^67,810 V .'■' ■'' Th'es? are practically all liquid .'securities, and serve to , , indicate, the,, undoubted financial strength of thd company. ■ HIGH COIIMISSIONEE'S CABLE. : ' The Commcrco. and'..Tourists.Division'of the Department of Agriculture, Commerce, aad Tourists has ' received' the following cablegramfrom, the. High Commissioner; dated London October 1, 1910; (quotations, unless otherwise specified are' average : market .prices on spot):—' ' ■■:■':■' '■"-'" .' ■". Mutton.—The market remains.firm; stocks ire "firmly held in few hands; Thero is less demand, and high prices .arc restricting business in tlip mutton- market. .The average price to-day for Canterbury mutton is W. per lb.; North Island,.4d, pcrlb. Lamb.—The market is firm, with a small supply. The demand; is falling off; as season ■is ending., The average price to-day, for New Zealand lamb (Canterbury) is 5Jd. per lb., other, than Canterbury 5Jd. per lb. Beef.—The ■ market is quiet, ■ but rather steadies; stock is heavy. The average price: to-day for New Zealand beef bind-' quarters.is 3*d,:.per lb,; foreauarkics, 23d. per.lb, ■ . ■■■":'

■ Butter—The market is euiet, ;but firm for bestquality; buyers are cautious. Now Zealand, 1155., nominal; 'Victorian, 1155.; Danish, 116 a.; Siberian, 105s. per cwt. Cheese.—The market is firmer; thero is no , demand. Canadian, 555. Hemp.—The market is quioter, and business is dull;: thovo is no chango in prices. Now Zealand good fair, on epot, per ton,. £24 10s.; fair grade, £21 10s.; fair ourreni Manila, on spot, per ton, ,£2l. Output, 34,000 bales. , v . . . Kauri Gum—The .market is slightly ■ weaker, with- less demand. Ordinary to 'fair three-quarters scraped, £8 10a'.; fair half-scraped, £5 55.; brown fair half to three-quarter-scraped, 90a.; brown pickings; common to good, 455.; bush, fair to good pale and amber-scraped, £8 15s. • - Wool.—Tho market is firm at the advance. ' ' ! . : '.'•■ ' • .;■!■ ..'■ . WELLINGTON MAEKETS. .'■ : Messrs. Lacry and Co., Ltd., Wellington, report wholesale prices ruling on tho markets :—Wheat, f0w1,.35. Bd. to.3s. 9d.; : feed rpats.'Zs.' sd. to 2s. 7d.; dun oats. Zs. 7d. to 2s. Bd.; seed oats, 2s: lOd. t0.35.; Algerian oats ; 35.-to 35.. Zd.; maize,' 3s. 3d. to 3s. 5d.; crashed malt, 76.; fowl bar. ley, 2s.' 9d.; Capo barley seed, 3a.; flour, New Zealand, £9 15s. to £10; peas, Prussian blue, 6s. 3d.; split, .£l7; partridge peas, 4s. Gd. to ss. 3d. per bushel; bonedust, £5155. superphosphates, £5 to £5 65.; basic slag, £4 10s;; pollard, £6 55.;. bran,. £4. 55. : to £4 ,10s.; pigmeal, M-. ton; pearl barley; 155.; chaff '(oatonsheaf), £4 15s. to £5 10s.; potatoes, tablo;£B.lss. to £9 55.; soed, Up-to-dates, £8.; onions, Victorian,. £7to £710s. ton; molasses■ fodder, £5- 10s.: : bacon (factory), sides 7}d.;. hams, 9d.; ; rollB, Bid.; butter, prime bulk, 10d. to lid. Poultry, hcns,;3s. 6d.; ducks, ,55. : to 6s; per pair; :turkcys gobblers, 18s.' to 205.; hens, 10s.- to :145.; fresh eggs, lsi .per'doz.; cheese,, 5Jd.: per ,Ib.; Akaroa -machine-dressed - cocksfoot, .7Jd. : per lb. j i farmers' dressed 'cocksfoot, 6d.. per : lb; ryegrass, 4s:. 6d.. per bushel; Italian ryegrass, ,45."3d: , to 4s. 6d. per bushel; 'white clover, 105s. pervcwt.jalsike', 80s. per. cwt.;' New Zealand cowgrass, 90s. owt.; paspalum, Bd. por-'lb. '■>■" ;.,' ■/,.."- ; ..' :- .'■'■ ; Customs revenue collected at the port of Wellington yesterday amounted: to £2108 2s. 2d...: '.. •,."-■. . ■ . .'■;.' - ■■■ :■ ' v : ;. ■■ '/' : . FBOZEN/'MEAT.- ': \-\, 'v ~ ■Bγ TcleeraphyHre'as Association—Oopyrleht •'.■<-"-.''■ '.■'.' :/ : V- London, October 2. ' The'-Frosen. '-Meal' '.Tride' - Association's Binithfield market quotations for. the undermentioned ■ classes o£ frozen meat are baeed on actual sales of hot less than one. a'nd twenty-fiyo\auarters' of-'beef, of fait average quality. ■■■ The quotations are uot for.'.selected lines, but .for 'parcels fairly representative:.of the bulk of the shipments, now on-, the market. Tho' Dricei which 'follow ara on an areraee a farth'ing per lb. mqra than tho- Value- ox snip,: .ihis ;,difference': representing ■ un average cost in eipenßoß,' r handling, : conveyance, uud ■selliUß- tlio.vmeat:— '."..:■. ■ > i.; , ■ ■■■~< ;,-'■ // ■■'■:':. ■■•'•■■■ ■ \'-^-^J' :: ;r /Sept 24.; Oct. 1. /" Mutton—;-.;•: ■:■ i : ;-y:':'.'■ ■■■'.■■•..■,■;■",- d. :''...- d. '.." ■ ' Canterbury;:•'light; .'......... 41' .'- '■■". :4g " '■'■' :'Oariterbury,';medium''.;. ; ... .4J - -41 ':' .Canterbury,{heavy ........ '4j.,: ",-"4 ':. ■'i Southland ; ~ "■ ". '— '/ ..; '■:■ Nprthasldnd, best.■ 44:■;.• /4j. /, *;:■ '.North' Island, ordinary... 4. . '4, /■•Australian, -light: :...: -..:'.3g-:" : '-.' J3B :■'■" ' Australian,-..heavy ........ 31 .; 3J ■/ ■'■■■■'Biver/ Plate; light- ..'...:.■.: 3 9-16 ''39-16' ! :/Kiver; Plate;; .heavy r^:.... 1 -33. -, . 33; Lamb-— : (.;■/,■,.■'■ ■:;•:.V , !'. ~.■//•/'':/■.. '■■ .'■- Canterbury,- liglit" :.'.;.. ; i.. 55'.:' V'v"-ej'*'.""/ : ' , 'Canterbury, medium ..:... 54 '. 55 . r Canterbury, heavy ..„...;.;-45 : . 43 ■■ r -Southland. i....\i.;;.i....\. '55-16! ; 55-16 '..: Sorth'-Island, selected .■.. 5-5-16 ' :'55-16 '.- -North-Island, ordinary... ,53-16 53;16 -■Australian; be5t5v..;...;.;;./ i—, ■■■■: .—>,-' ■^v.Australian,; , faiff,'^-....^..r-', r - ■-■;., ,'!^ v . - : ;.' '■: Australian, , , inferio'rj'•«;-.. : ! i— ■' '- —'-, -' ; : '■'•>: :New Zealand;'oxifores"..:':23 v ; • '23' ■ ■"New Zealand, ioi.liinds-;;. '3.7-16 .■■" 3 746 ! : Australian, ox fores '.:■;.;/' 211-16 . ■ .211-16--./Australian, ox -hinds '■... 36-16. ■' !3g ■ v'rvliiver.Plate, 0xf0re5"..'....: 23: '23 '..' ■-j ;• Kivcr; Plate,' ox hinds' :::■ ; 3 7-16 .3 7-16;. ■i Many r New Zealand hindquarters of beef were borie-taint'ed/'V : .- .;,-,.',•:.•. .:,• - ' ■ Eabbits.-Thc ■■ ■ trade ; , is ' slightly easier; owing to English , supplies.being -plentiful. ;. ; ■' : .W.v: /■■■,; i: V K.TAiiow'^ y :-.: ! ;. J : A'.i By Telegraph— PressAESociation— Copyright: '■ : '':--?-y : - ■■ ■:•• ■'.- Y.-.''■■';•■!.! London,' October 2. ' ■ The stock amounts' to 3725.t0n5; imports, 3257 tons; ! :deliyeries;.47l9:tons.: :/.' /' .;-. V'///:' : !LONDpN : -w6oiJ:SAIjES';V 'H; : ; ; feyTelegTaph— Press Association—Oopyright., %':&■ '•'//:' ■;>Condon, October %■ i ■vi.'A't:tho wool-'sales good"-'wools.were .ex- , ceedingly, firm,, buti shabby:-'and.:•:-faulty,, sorts; :especially■ sco'uredsV-frere irregular, .with-'considerp.R.le.t^thdr.awnls..,,,,., ;, \ :{■.■.:■.. ,' Ofi'ttiq'i'tp'talVamo'uffi' catalogued'; , '43,63d' bales, were f sold. * v ,■:.•//:' ■ //:/." ; ■/', ; ': : :/:hlteceiyed ■October/3,, 10.25: p.m.)'■'.'..■•••'. ;';.';;;'■'■ /;• -J;;; Z ■ : : \::^'xtonian l :Ocu>i>w\i. '■■ 1 ir'Thoj offerings'atijthe wool saleß included:. , Pura;. top-price, lid.;,average, IOJd.; Otaio,. 12id.'-and;ild.;- Tecuma.V'lld; -and : 10|d.;' Opoki; 12d.":. and lOgdJ;.:, Kaputono,. 23»d. and 22Jd. 1 ! ..: ; '. ~. .;','..■■;•',;■■■■ ..." ..',... : ■