COMMERCIAL ITEMS.

Dominion, Volume 4, Issue 968, 8 November 1910, Page 8

COMMERCIAL ITEMS.

INVESTMENT SHAKES. Tho investment sharo market was Quiet yesterday. Australian Bank o£ Commerce shares sold at 16e. 3d., and Taupiri Coal at 19s. 9d, Tho quotations were as under:— Bnyera. Sellers. Sales £e. d. £s. d. £s. d. National' - 5 16 6 — Aus. Bank of Com. — — 016 3 N.Z. and Eiver Plate - 2 16 - Feilding Gas - 12 3- - Well. Gas <S10) - 19 5 0 — (Veil. Gas (new) ... - 210 0 -. Christchurch Meat 14 7 6 — — Meat Export (£2 12s. 6d.) - 3 3 6 - Well. Woollen (ord.) - 315 6 - ■ipiri Coal - 1 0 0 019 9 Westport Loal ■ 6 8 0 — - Leyland-O'Brien .... — 17 6 — Manning and Co. 4 0 0 — — N.Z. Con. Dental ... 1 1 6 1 2 3 - Taranaki Petroleum - 010 0 — Taringamutu Totara 2 3 0 2 4 0 — Ward and Co 5 2 6 5 4 0 - MOSGIEL WOOLLEN COMPANY. The balance-sheet of tho ilosgicl Woollen Factory Company, Limited, for the year ended October 6, 6hows that aft«r writing off the sum of ,£3OOO for depreciation, and ecttins aside £1500 to meet cost of new machinery on order, the net profit for the year is £5545 12b. 6d., as compared with £4730 for tho provioue year. Adding £1006 os. 3d. (the amount, brought forward), the sum available for distribution is £6351 12s. 9d., and'the.directors recommend a, dividend of 6 per cent., which will absorb £5007 9e., leavinu £1344 3s. 9d. to bo carried forward. The dividend is a. half per cent,, better than last year. The liabilities and assets compare with those of the previous year a« under:— . MO. 1909, Liabilities- £ £ Paid-up capital ....„ „. 83,457 ■ 83.457 Eesorvo fund , ■ 16,000 16,000 Insurance fund ■ 500 500 Loans payable „_ 13,000 18,000 Bank N.Z ....:.;.... 3,169 • 7438 Bills payable _.: 351 391 Di-vs. unclaimed _. 13 2 Machinery on order . 1,500 — Outstanding accounts■—.. 899" -, 1,147 Dal. profit and loss :...' 6,351 5,596 Assets— . •.. ■ ■■■:.• Plant 61,644 64,183 Land account 3,795 3.795 Warehouse property 6.000 6.0C0 Office furniture ' ■' 200 " 200 Book debts 8,605 ' 8,430 Insurance premiums ......... 208 132 Goods ..: 44,809 49,492 The , noticeable feature in the-above is the reduction in the loans payable by £5000, and tho bank overdraft is reduced from £7138 to £3189. The Mosgiel Company lias obviously had a, good year.

LEYLAND-O'BRIEN TIMBER. The balance-sheet of tho Leyland-O'Brien Timber Company, Limited, for tho year ended September 30 shows .that the net profit for the year was £11,262 ss. 4d., and there was brought forward from the previous, year £749 19s. 8d.,, making available £12,012 55., which the directors recommend should be distributed as follows:—To payment of a dividend at 74 per cent., free of income tax, one-half of which wa* paid in April last. £5250; to add to reserve fund, £5000, which will then stand at £17,000; bonus to employees, £275: directors, £500; and the.balance of £987 ss. to bo carried forward. Tho trade expenses, wages, salaries, ■ etc., totallea £32,291 Bs. 3d., rent and commission absorbed £949 19s. Id.; repairs, oil. belting, and horeefeed accounted for £2372 10s. 7d.; rates, .taxes, and insurance, £1624 os. 2d.; bad debts and allowances, £692. The receipts from timber, ship's earnings, interest, and transfer fee 3, totalled £51,030 9s. 4d.

' ABRAHAM AND WILLIAMS, LTD. The balance-sheet of Abraham and Williams, Ltd.,-for the year ended September. 30 ie very satisfactory. The liabilities have been reduced by over £60,000. durine tho past two years, and a fair , amount was naid off during the past year. The rtoss income from commission, interest,.poods, and land sales accounts amounted to £32,702 4s. ?a., as against £26,344 4s. Bd. ■i the previous year. The expenses under all heads amounted to £28.681 3s. Bd.. as, compared with £23.629 15s. <Sd., leaving tho net profit at £4021 Is.. Id., as compared ■ ; 'h £2714 9s. 4d. in the previous year. Adding the amount brought forward, tho amount available for distribution is £4815 13.3. lid., as against £3291 9s. 9d. The diviabs6rbs £4225 15a. *4d.. leaving £589 18b. Yd. to bo carried forward. PRODUCE EXPORTS. . The values of the principal products exported last October, compared with tho figures.' for October, 1909, compare as under:- ~.„„.,00t.,.1910. Oct., 1909. ' " ' £ . . £ Butter 166.814 144,532 Cheese 34,878. 52,622 Beef 20,001 16,270 Mutton ...'. : 26,134 62,531 Legs and pieces .... 2,602 5,556 -Wheat'"".»"."■"■"■"•'■"»"■'• 52,044 ' « Oats 10.E02 17,114 . ■•":*«£ 23,$ ?r it 9"' T"": 'S X S Kauri 'gum 21,668 60,475 Grain and pulse 4,216 10,654 Hops ...■•■. 1.674 ' 282 Hides 18,319 11,945 . Skins 61,743 50,643 Tallow 29,449 30,038 Timber ~..:...,■..:;..'...... 37,746 ■ 32*332 Wool .....62,780 56,969 • Gold .'.'2 - 126,236 198,366 ..•,-,/■■.'.: .-.. 120.383 : 822,248 -~ Compared with last year, there is a decrease.of £101,865, eaual to about' 12i per cent.. Customs revenue collected at the port of Wellington yesterday amounted to £997 13s. Id. ■.

WELLINGTON HABKETS. Messrs. Laery and- Co.,- I/td..' Wellington, report wholesale prices ruling on the markets :-Wheat, fowl. 3s. Bd.. to 3s. 9d.; feed oats, 2b. 6d. to 2s. Bd.; Dun oats, 2s. Bd. to 2s. 9<3.; seed oats. 2s. lCd. to 35.; Algorinn oats, 2s; 9d. to 35.; maize, 3s. 3d. to 3s. 5d.; crushed malt. 75.; fowl barley. 2s. 9d ; Oane barley seed, 35.; flour, New Zealand, £9 ss. to £9 155.; , peas, Prussian blue, 6s. Id.; isplit, £18; partridge peas, ss. 3d. per bushel; bonednst. £5 155.; superphosphates. £5 to £5 55.; basic slag, £4 10s.; pollard, £5; bran. £5 ss. to £6 ss. 10d. : pismeal, £5 per ton; pearl barley, 155.; chair (batonsheaf), £4 15s. to £5 10s.; nota.toes, table, £11 to £12; onions,, Victorian. £10 per ton; molasEes fodder, £5 Kβ.; bacon (factory), sides-7Jd., hams 9d., rolls BJd.; butter, prime bulk. lCd. to lid. Poultry: hens, 3s. 6d.; ducks, ss. to 6s. per pair; turkeys, gobblers, 18s. to 20e., hens 105. to Ws.; fresh ccKS, 10d. per 'dozen; cheese, 53d. lb.; Altaroa machine-dressed cocksfoot, 7id. per.lb.; farmers' dressed cocksfoot, 6d. per Ibl; ryegrass, 4s. 6d. oer bushel; Italian ryegrass, 4s. to 4e. 4d. per bushel; -white clover, 80s. per cwt. WHEAT AND FLOTJE. By Teleeraph-Press Association-Copyrieht. London, November 6. Tho total Quantity of wheat and flour afloat for , the United Kingdom is 2,575,000 ouartcrs: for the Continent.• 2,075,000 quarters; Atlantic shipments, 244,000; Pacific. WOOD. Tho shipments to Europe durinu the week totalled 1,475,000 Quarters, including 55,000 from the Arcentine, 430,000 from Bnssia 350,000 from Daniibian districts, 106.000 from India,. and 93,000 from Australasia. Twelve to fifteen thousand Quarters,, of Australian wheat from .three ports, Janu-ary-February shipments', sold at 355. THE METAL HABKETB. By Telegraph—Press Association—Copyright. London,' November 6. Silver .-Bar silver is/Quoted at 25id, ner ° Copper-On spot, £57 16s. 3d. per ton; threo months, £58 15s. Tin—On spot, £164 ss. per ton; three months, £165 7s. 6d. Lead, soft foreigu, £13 3s. 9d. per ton. COPBA. By Telegraph—Press Association—Oopyritrat.' (Hec. November 7. 9.35 p.m.) London, November 7. Copra.—There is larcc business doinc in South Sea bags at £24 17s. 6d. and £25. LONDON JIABKETS. By Telegraph—Press Ass-jciation-OopyriirhV I-ondon, November 6 Hemp.—January-February shipments, £21 sS Kauri o'um.-Tno quantity in stock is 361 Ct Eubber.—Fine hard Para rubber is quoted at 6s. per lb. Cotton—November-December Bhipmont js quoted at 7.61 d. per lb.

HIGH COMMISSIOKEE'S OABI/E. Tho Commerce- and Tourists division of the- Department of Apiculture, Commerce, and Tourists has received from the Jliuli Commissioner for New Zealand tho following cabled market report, dated November 5 (quotations, unless othcrwiso specified are average market prices on spot):— Mutton.-Small business sjoing, and prices weak in tiie market. Nominally no change in prices. Canterbury, 4Jd.; North Island, 4d. per lb. . Lamb—The season has ended, and pricoe are nominal. , . • Beef.—Tho market Iβ quiet, tvow Zealand ninds. fores. 2id., per lb. '

Butter.—Tho market is overstocked ana depressed. Retailers aro using stocks from cold storo. "Bears" aro very stronu-. Choicest New Zealand butter to-day is 109s. per cwt.; Australian, 1065.: Danish, 1135.: ; iborian, 102s. Cheese.—The market is quiet but steady. Canadian. 575. per cwt, ■Hemp.—The "market is: weak an a inactive on account of Manila offerings being very I'ge. No change in prices, viz.:—New Zealand good lair, on spot, per ton, £24 10s.; New Zealand fair Rrade. £21 106.; fair current Manila, £21. Forward shipment:— New Zealand good fair, £24 10s.; New Zealand fair grade, £21 10s.; fair current Manila, £20 ss. The output from Manila for tho week was 31,000 bales. HORSE SALE. Messrs. Abraham and Williams, Ltd., report:—At our hone sale at Palmorston North on Saturday, wo offered 200 head, consisting principally of light to heavy draughts and spring carters. Biddinu for all classes throughout the sale was brisk, and very few lots went out unsold. Heavy draughts sold up to £49; medium draughts, to £38 10s.; light draughts, to £30; unbroken light draughts, to £26; unbroken spring carters, un to £20. A consignment from Mr. Norman Kirkcaldie. of Levin, were a good lot, tho heavy draughts making from £41 15s. to 495.; tho unbroken light draughts from 2322 10s. to £36; unbroken spring carters, £17 ss. to £20. Mr. E. D. Knight also had a pood lot forward, every lot selling readily under tho hammer, the heaviest making up to £40, and the light draughts from £29 to £30 155.; spring carters, up to £26. Tho unbroken Shetland ponies from Barber's estate also sold readily, making from £7 10s. to £9 55.; harness cobs .from £8 15s. to £14; lieflt hacks, from £7.t0 £18 15b. MINING NEWS. WELLINGTON ' SHAKE MARKET. Waihis eased considerably yesterday on reports that, values were low, and tho ■Hares dropped to' £6 7s. Junctions were firmer, with sales at 355. 3d.. New Sylvias had a "sharp rise to - 4s.- 3d., but eased in the afternoon. Tho sales recorded wero as under:— Now. Sylvia, 45., 4s. 2d., -4S. 3d. (second call). Waihi, £6 7s. 6d. (first call); £6 7s. 6d. (second call); £6 7s. 3d.. £6 7s. (third call). Waihi Grand Junction, 33b. (first call); 335.. 325. 10d.. (second call); 335. 3d. (third call). .-. ■ : Consolidated. Goldfields, . 20s. lid. (first call). The Quotations and sales wero as under:— : Buyers. Sellers. Sales. "£ e. d.' £a. d £s. i. Bonanza — 0 0 2 — Kuranui Caled'n ... 0 1 4\ 0 1 6 - ' May Queen 0 3 7 0 3 9 — New 0 4-0-0 4 10 4 3 Saxon 0 14 0 16 — Tairua. Broken Hills 0.1.3 — — .Talism&n ~ 214 0 213 3 - Talisman (new) ...... 116 0 — — Waihi 6 7 6 .6 8 6 6 7 0 Waihi * Grand June. 113, 3 . 113 '6 113 3 Watchman 0 3 1 — — Con. Goldfields — 1 0 6 1011 Rose Goldfields 0-25029 - Muddy Terrace ....... — 110 — STOCK EXCHANGE. . (By-Telegraph—Press Association.) . Auckland, Novembor 7. Business done on 'Change this morning :— May Queen, 3s. Bd. ■ ' Sylvia. 3s. 10d., 4s. Id. Watchman, 3s. 3d. . Hauraki. 2s. sd. v . Crown, 9s.

Waihi, £6 Bs. 6d. to £6 lls. Grand Junction, £1 12s. 9d\, £1 13s. sd. Waitaia (con.), 7*d. • South Brifish Insurance, £3 . 4s. The following business was done, at the 3.15 p.i" to-day:— New Sylvia, 4b. Saxon, lb. id. Mount Zeelian Consolidated, 9d. Old Hauraki, 2s. sd. Champion, 4d. . Golden' Cross, 5Jd. Waihi, £6. 9s. 6d... Mountain King (paid up), %&, Taranaki Oil, Bs. -. ; Talisman Consolidated, £2 13s. 9d. . Consolidated Goldficlds, £1 os. 6d. Watchman, 3s. 2d.' ■ New Zf.iland Crown,'.4s. 4d. ', Waibtahi, 3s. 7d. : ' Tairua Broken Hills,. Is. sd. Wajhi Grand Junction, £1 13s. 3d. :. Dtinodln, November 7. ■ Stock Excnango sales:— Island Block, £6 10s., £6 10s., £6 8«., £6 Bs., £6 7s. (four parcels). £6 6s. 6d., £6 Bs.. £6 Bs., £6 Bs., and forward delivery, £6 7e. Sales reported:— Wailii Grand> Junction, £1 13s. 6d. Waihi, £6 lls. 6d. , Talisman Consolidated, £2 Mβ. 9d. N.Z. Paper Mills. £1 3s. 3d. The following aro the Stock Eichango DredKing' stocks: Blackwator, buyers 6s. 6d., sellers 18s, 16d.; Electric, sellers 25.; Hartley andJßUey, buyer; Bs., sc'.lers 125.; Koput.ii, eellers XI 25.; Olrig, buyers Is. 3d.; Rise and Shine, sellers £2 25.; Itisme Sun, buyers £2 2s. , Minim; stocks: Boss Goldfields, sellers 2s. 10d.; Muddy Terrace, buyers £1 Cβ. 6d.; Consolidated Goldflelds, buyers 19s. i May Queon, buyers 3s. 7d., sellers 3s. Bd.; New Sylvia, buyers 45., sellers 4s. Id.; New Zealand Crown, buyers 4g. 2d., seljcis 4s. 6d.; Watchman, buyers 3s. Id., sellers 3s. 5d.; Talisman Consolidated, buvOTe £2 135., sellers £2 14s. 6d.; Waihi. buyers .€6 7s. 6d., Rsllers £6 Bs. 3t"..; Waihi Grand Junction, buyers £1 35., fellers .-SI 13s. 3d. Investment stocks: National Insurance, buyers £1 125., ■ sellers £1 13s. 9d.; Standard Insurance, sel'.ers'-S! 63. 3d.; TJ.S.S. Company, buyers £1 15s. Sd.; Westnort Goal Company, buyers £6 Bs.; N.Z. Cnal and Oil.. buyers ss. 9d.. sellers Bs.; National Mortgage Company (London resistor), buyers £3 25.; llilburn Limo and Cement (£1), buyers. £1 19s. 6d.; JloeKiel Woollen Factory, .buyers £3 6s. •• DBEDGING. (By Telesraph.-Pres3 Association.! - ' Duncdin, November 7. ; The following dredßing returns ■ aro reported :-Blackwater, 570z. lOdwt. for 131 hours; Waikaka United No. 1, 28oz. 16dwt. for 130 hours; No. 2, 10oz. 17dwt. for 133 hours; Eising. Sun, 440 i. 3dwt. for 130 hours; Olrig, 28oz. for the week: Bise and Shine. No. 1. 430z. 16dwt. for 139 hours.