COMMERCIAL ITEMS.

Dominion, Volume 4, Issue 958, 27 October 1910, Page 8

COMMERCIAL ITEMS.

INVESTMENT SHARES.

Investment share transactions reported yesterday were: Christchurch Uas at £9 .12s. 6d.; Wellington' Gas (£6 153. paid), at £13,1D5.; and standard Insurance at 265. The directors of the N.Z. Paper Mills have declared a dividend of 7 per cent. lor the year ended September 30, and will bo nayable oil November 1. The annual meeting of shareholders of the D.1.0. is to be held in Dunedin to-day, when a, satisfactory balance-sheet will be submitted. The net profit for the year ended August 20 is £17,689 ss. Bd., and with the balance brought forward £22,005 19s. 5d.), is available. The dividend on both preference and ordinary shares is 6 per cent., and the shareholders receive a bonus of 21 per cent, on their purchases. The dividend is payable on November 3. The quotations and last sales recorded yesterday were as under:— Buyers Sellers. Sales £6. d'- £s. d £s. d National Bank ...... 515 6 516 0 - K.Z. Loan and Mercantile ..- 0,10 0 - .— N.Z. and River Plate — 2 10Well. Trust and • Loan 7 10 0 — — ■Well. Deposit — 0 8 6 - Christchurch Gas 9 12 6 — 9 13 6 Hokitika, Gas — 515 0 - Well. Gas (£6 155.)13 10 0 - 13 10 0 Well. Gas (new) ... : .-' 212 6 Standard Insurance — ' — 16 0 Christchurch Heat 14 2' 6 — — Gear Meat (£4) ... 12 5 0 - - . Gear --Heat (£1) ... 3 2 0 - - Meat Export (525. - ( 6d.) :... - 3 4 0 - Well. Woollen (ord.) - 316 0 Well. Woollen (pref.) 2 15 6 — - Taupiri Coal 10 0 — - — Westport-Stocltton... — 07 6 rMannjng and C 0..;. 4 10 — — N.Z. Con. Dental ... - 12 0 . - MONEY MARKET. The bank returns for; the September quarter reviewed in this issue (says' the. .current number of - the "Trade Review") reveal movements similar to those usually seen in that period of the year, that is to say, that in tho three months since June 30, deposits have been reduced and advances enlarged. The changes, however, arc light, the combined total of the two movements being only £558,876. Advances to farmers would not have, their full effect in this return, as tho figures give tho averages for the three months. *A stronger factor, however, is found in a. comparison of tho imports and exports; of the auarter. By these figures we see that tho .imports of the quarter" exceeded the exports by £1,620,881; September is a weak quarter for exports, which- are' usually . exceeded in value by tho imports. The excess on the present occasion is, however, heavy and might well have resulted in greater demands upon the banks than the returns indicate. Possibly such demands have been made, but have been counterbalanced by accumulation of funds from tho rich volume of our exports.