COMMERCIAL ITEMS.

Dominion, Volume 4, Issue 959, 28 October 1910, Page 8

COMMERCIAL ITEMS.

~ ,-. INVESTMENT SHARES. - ' There were no.transactions in investment shares yesterday, and the market was very Quiet.' ' The' quotations we're *as under:—. '■"..-. ' .. '.\.,'.".' ' . "• . , Buyers. Seller,! ,i ■.'.'.-..,. ... £8.0. . Vs. d. National -Bank ;; : — • . ,iii 0 N.Z. Loan and Ifercan- : tile 0 10 0 — Well. Trust and Loan: 7 10 0 — " Well. Gas (£10) — 19 2 6 Standard Insurance 1 5 9 — Gear Meat (£4) ...; 12 SO — Gear Meat : (£1) :.;...._u... 3 2 6 — ■Meat Export (525. 6d.) — 3 4 0 Well. Woollen (pref.) ..2 15 6 - . Taupiri Coal .';...' 1 0 0 — Weslport Coal US 6 7 0 '- Leyland-O'Brien ; .;..._;.,._ 1 6.-9.. 17 6 Manning and Co. ............-4 2 0 '■'.■' — N.Z. Con. Denta1,'...;...... T-N 12 0 N.Z. Drug .....-...;„.•..........;. ■—'.:" 211 0 N.Z.; Paper Mi11e'.:.......... 1 30 - Taranaki Petroleum ...... — , 0 10 6 Ward and Co. .„.....:...... — ' , 5 4 0 GOLDEN. BAT, SHIPPING COMPANY. This company was registered in Weilington on October 19. The capital is £N>oo, divided into 5000: shares of £1 each. The subscribers are. O. M'Arthur, H. W. Willituns, J. G. Harkness, J. A.' PUmmer, E. M. Boulton, J. M. Murrell, and A. Wylie each 100 shares. The objects are to acquire and take over the business of shipowner, merchant, and contractor, heretofore carried on- by the late captain, J. 0. Bnrford. > ; ;'•' HAWERA GAS COMPANT. Tho balance-sheet of the Gas Company Ltd., for'the year ended September 30 last-shows that tho sales of ga-a, residuals etc:, amounted to. £4074 11b., and other minor receipts, were £1 35., malting the total revenue £4075 14e. The general expenses amounted to £1507 18a. 3d., the coal account to £1129 13s. lid., interest account £436105., rates and taxes £61 lls. 10d., and bad ajid doubtful debts £37 4s. 4d., the total outgo being £3172185. 4d., leaving the net profit at £902 15s. Bd., and there was brought forward from the previous year £446 9a 2d., making available £1349 4s. 10d. Tho dividend for the year at .the. rate of 10 per cent, per annum absorbs £900, leaving £443. ',3. 10d. to be carried forward. The liabilities of the company include £6460 6s. 7d. to the Bank of New Zealand. : ATJSTEAIiIAN BUTTER. It is quite evident that the Oommon- N wealth will' this. year contribute very largely to the British bntter market. The shipments from July 1 to about October 19 show a great expansion over the figures for the corresponding period of last year, as will be. seen by tho following:— . 1 1908. 1909. 1910. v ■ Tons. Tone. Tons.Melbourne 5241 2046 34271 Sydney _„_ 462J 7363 11313 Brisbane ZO9J 569 715 Adelaide '.. 714 230 6241 Fremantte — — . 19J 12673 35813 59174 There are substantial increases from every State, and an interesting feature is that , Weat Australia is thie year (and it is stated for tho first time) an exporter. Not very long ago West Australia was dependent upon the Eastorn States for supplies. FROZEN MEAT. In writing on frozen meat, under date London, September 16, Messrs. W. Weddel and Co. stato that there has been a distinctly better feeling in the marltct for all descriptions, of frozen meat, particularly for mutton- and lamb, for, although the trade at Smithflcld continues quiet anil the conDumption of lamb has fallen ou-consider-ably, buyers are operating freely in view of the very light quantities to revive during tho next two months. Prime Canterbury ' lambs have been Belling freely at s}d. per lb. for the under 361b. grades, sd. per lb. for 36-421b., and 48d. pur lb for the 42-50!b. weights. Southland lambs havo also been in request at Jd. per lb. under, those quotations. It has. however, boon possible to - obtain slightly higher prices ex ship for any parcels afloat, or just arriving, than the prices ruling at Smithficld for the above-mentioned reasons. Mutton is also mooting with a strong inquiry,' and prices are again a shade firmer. ■ Prime Canterbury sheep, under 64!b., are ouoted at 4d. to 4Jd. per .■1b.,.-ffind.,oyer..64lb, -at ~3Jdv , .t0,, 3id.^j)er. r Jh^

This latter price is obtained merely on account of the shortage in sheep of thia weight' (about 68!b.), which arc required for contract purposes. Good auality North Island sheep are niakins from 33d. to U. per Ib. .and secondary descriptiono 38d. to 33d. per lb. Ewes are firm at-3d. per lb. Elver Plate sheep are also a shade dearer at 3gd. to 3id. per lb. for light and medium weights, and 35d. per lb. for the heavier carcasses. Australian sheep reahso 3d. to 3Jd. per lb. for the wetnors, iv-llils for owes there-is a good inquiry at 3d. per Ib. Although supplies of chillca beef have boon exceptionally hoavy and prices consequently on the low sidc-3fd to Id. for hinds, ami 2Jd. to 2id..£or fores— thero is a decidedly better fce'.'ng ruling for frozen beef, and at the time of writniK buyers are eagerly inquiring for parcels at the prices ruling last week, x<, is, however, impossible, to buy any except at Id. per lb. advance. Australian frozen hmde are cuoted at 33d. per lb and fores at 2*d. per lb., while for New Zealand a-nd River Plate beef it is possible to obtain a fraction above theso quotations. Market at the closo ia stronc SiotTrtw. ,1 rractioa abo,e the pricCß Customs revenue collected at the port of Wellington yesterday amounted to £1700 os. lid. ■ WELLINGTON MABKETS. r J%s T \ L ? ,err , an< ? Co " Ud '- Wellington. K? w$ 0 H B BeH e ?»SesTnlinif-on the marke}S:—Wheat, fowl, 3s.- Bd. to 3s. 9d.; teed '£?■ m s - sa ;. fo ?s - J d - ! dun oats - Za - '<•■ to oats, 2s. 7d. to 2s. 9d.; maize, 3s. 3d. to wL s V d i : 9 a Pebarley Med ' 3e - flour . New _ Zealand, £9 15s. to £10; peas Prussian blue 6s. 3d., split £18, partridge peas ss. 3d. per bushel; bonedast, £5 155.; superphosphates, £5 to £5 55.; basic slag, J ? i Os .V -Polterd,■ £6 10s. ;■ bran, £4 ss. to. £4 10s.j pigmeal, £5 ton; pearl barley, Ids.; chaff -(oatensheaf), £4 15s. to £5 10b • potatoes,.; table, £8 15s. to £9 55.; seed Up-to-datos, £7.-155.; onions, Yictorian, m.« ton ' molasses fodder, £ m \i *^ con - (factoTT), sides- TJd., hams 9d, rolls 8»d.; butter, prime bulk, 10d. to Ud. Poultry, hens 3s. M.; ducks, ss. to 6s. .per pair; turkeys, • gobblers- 18s. to 205., nene 10s. 'to 145,; fresh' egges, Is. per .dozen;, cheese,. s»d. Ib.;.Akaroa machinedressed cocksfoot, 7id. per- lb.; farmers' dressed cocksfoot, 6d. per lb.; ryegrass, 4s. 6d. per.bushel;. Italian ryefra.t". 4e' to 4s. .'A. per-bushel;, white clover, 80s. pet Cwt. .. ... . .-. ..:.-. . . ':, IMPEEIAL CONSOLS. ; '■~-. ANOTHER j?ALL. ■; By Telegraph—Press Aesociation-Copyrleht. i; ■' . ; ''■' London, October 26. 1 ,I, pouched £78.165. 3d., and closed at £79. The fall was partly owing to an apprehension of a navaMoan. . Consols were quoted at £79 7s. 6d. on Tuesday, and. £79 123. 6d, oh. Monday. ' , . . TALLOW SALES. \ By Telegraph— Press Association— Oopyriunt. ■ '•!. 'iV '/,, ■'■''' London, October 26. /* } e tallow, snZjCS.. 582J casks were offered and 552 sold. ■ Prices realised — Jtntton,,fine 41s. 6d.; mediiun, 395. 6d.; beef, fine, 395. 9d.; medium, 385.. , . ■ '. - ' . SIIiTBE. By Telegraph—Press Association— Copyright. ■i ■„ '.-• ~ . •• ■ London, October 26. ' .Bar ■ silver, is quoted: at 25' 15-16 d. ■ per ounce standard. THE METAL MARKETS. By Telegraph-Press Association-Copyright. »'■'• (Bee.' October 27, 10.25 p.m.) ;'■■'■' London, October 27. Gopper—For forward delivery, £59 Is. 3d. per ton; electrolytic, £59 2s. 6d. per ton. . Tin.-On spot, £163 17s. 6d. per ton; three months, £164 per ton. - ' .. ; Lead.-£l3 6s. 3d. per ton. \ , . . '.■ ■,| '■.•■-.■■■■ WHEAT. ' , '•; , ' By Tele'grapb-Press AEsociation-Oopyright. ■;■;••-■■ . London, October 26/>.The. American visible supply ■of wheateast of, tlic Rockies ia estimated : at 66,646,000 ..bushels. -. .'•; .. '...'. : ..'.. : . (Bee. .October 27, 10!25 ; p.m.) '': ; '. _ • ■ ' .'- London,-.'.October,'27. ;.-' ,- : ...Whea*.-An Australian . cargo . has', been Gold at-. 355. per quarter. .- ■ ... •■• MELBOTJENE HIDES MABKET. By Telegraph-Press Associstion-Oopyrißht. (Kec.' October 27, 9.20 p.m.) n UJ ' Holbourne, October 27. At tno md«s solos supplies were moderate, and. competition \ras animated, with prices in favour of sellers... .. AUSTRALIAN PEODTJCE MARKETS. By lolfiijiapa—i J res3 Asaociation-Uopynght. . . A (Kec. October. 27,, 10.55 p.m.) „, , A Sydney, October 27. Tii-s wheat market is lifeless, and ship- , I /sra are not operating, owing to London Uaving ..-iii-ji- aid not offering more than. 3s. Bd. -Holders are-mostly-! asking ..is. 9d. Flour is dull, with no move-! nienf at \£9.. Oats, Algerian feeding, 2s.' 3d.; milling, 2s. 7d.; tosmanian, 2s. ,7d f h 8d .V Cape feeding, 35.; seed? 35 -.i M -. Maize,-. 2s. 6d: to'2s.-7c!. . Bran and. 5 10 4 ,' 10s v,.Tasmanian, £9. Onions, £6 10s: Butter, 102s. per cwt. Cheese, 6Jd. per lb. Bacon, 7id. to 7Jd. per lb. : ' „. ,-,,„. .Melbourne, October 27. Wheat,' 3s. Bd.; buyers scarce .Flour," £9. Oats,"'Algerian, feeding. Is. UJd.; millinE, 2s. ljd. Barley, English maHiug 4a 3d2s. 6d. ; feed, Is. lid. .Maize. 2s! 3 /* 1 !,^ ,1 p « I l ard . £4 10s. Onions, £5 ss. to £5 15s. Potatoes, £7 to £7 Ids. . ' . ■ Adelaide, October -27. The wheat market is inactive at 35.~ 8d to is. Sid. ..Flour, for export, £8 ss. to £8 iui ! % ii oea i V ade, * 9 t0 £9 ss ' Br an. Hid. Pollard, UJd... Oats ,Algerian, 2s. • LONDON 'MAEKETB. ' New Zealand Loan and Mercantile Agency Company, Ltd., have. received the following cablegram from their London house, under date October ( 2ii:—Wheat:' A handy Australian cargo has been sold at 365. 6d • market weak, with, a lower, tendency, and outlook discouraging. There is very little demand owing to increased supplies. Wo quote :-Now Zealand wheat, c.i.f. , loneberried, 31s, 6d.; short-berried, 31s. Tallow• We quote present spot values for. the following des(jriptiott3:-l'ine. mutton, 40s. 6d.; good.beef, 39a. 3d.; mixed,'-57b. 9d.; Market nrm. ■ ~-■■; v ,• : ,.\r -.--■■ DEAPEEY , IMPORTING, COMPANY. (By 'Telegraph.—Press Association.) _■■'"' DUncdin, October 27. The twenty-sixth annual meeting of. the Drapery Importing Company was held this.afternoon, Mr. E. Hallestein presiding. Tho annual'report stated-that the profits for the year were £17,689. ss. 8d which, with £4316 13s. 9d. brought forward; mado a total of £22,005 19s. sd. to the credit or profit and loss. An interim dividend at the of 6 per::o«ttt. on a preference shares for the half-year ended February 20 absorbed £3710 . leaving £18,255 19s. Jα. available for - division.- The directors' recommend a dividend at the rate of 6 peri cent: on preference shares for the halfyear (£3750), a, dividend of 6. per cent "on ordinary, shares (£6366 17s. lid,), the balance to bo oarried forward, less bonus of 2i per cent, to shareholders on. the amount of purchases (£8139 Is. 6d.). . """*« In moving the adoption ot the J<lM >rt and balance-sheet, the chairman said the profits for the year, were about £21C0 greater than those for the previous year'. The balance earned forward wae- just about sufficient to pay a full year's dividsnd on preference shares. The past year, had not been as trying for the Dominion as tho previous year. Money had beo 2 f, asler ' and tho-volume of business probably somewhat greater. With tho good seasons and good prices realised tot PToduce, and favourable prospects of the m , mg s^* Vson, ! hc L m ie ht look forward with confidence to the fatnrc adopted reP ° rt and baJanoe - sllce t were . Mi. P. L. HoUenstein and Mr. M. 6 Dα. R M M-T^ re rc - €lcctod .directors, and Mr. 3. S. Minnes was appointed auditor. 0.0. AND D. CO. (By Mesraph.-Prcsa Association.) ™. r,r, j V,' Naplor, October 27. The 0.0. and D. Company, Ltd., London to-day cabled the following report on the frozen meat market :-To-day's prices are: Mutton, Canterbury. 4}d.; Napier, Wellington, and North Island. 4d.; bceP hinds, 3Jd.; fores, 2Jd.