COMMERCAIL ITEMS.

Dominion, Volume 4, Issue 1047, 9 February 1911, Page 8

COMMERCAIL ITEMS.

INVESTMENT SHARES. ' A sale of Union Steam shires at 375. 3d. wae the only transaction recoriod yettor'were as unde--- S and Se " inß quotatious

lug the year twelve miles of now mains have been laid, and 850 new services fixed. Tho new gasholder at Miramar has been brought into iieo, and the directors have placed orders for a largo portion of the plant required for tho first instalment of the new Works.'• To provide funds therefor a call has been made on both classes of contributing shares, to be paid in instalments during 1911. Tho existing plant has been maintained in an efficient state, and a sum of £5194 ha? been expended out of revenue on extensions, repairs and maintenance, and a sum of £3354 has been written off for depreciation. An interim dividend nt the rate of o per cent, was paid on tho ealled-up capital in Aucust, and a similar dividend is now recommended. Messrs. D. J. Nathan and A. E. Pearco retire by rotation, but, boing eligible, offer themselves for re-election. No other nominations havo been received." BOWEON BROS., LTD. ' Tho statutory meeting of Bowron Bros. Export and Trading Companj", Ltd., was held in Sydney last week.. Mr. E. Owen Cox, tho chairman, reported that £J0,C0(1 worth of 6hares having boon applied for, and as .arrangements were in progress for placing tho remainins; 10.0C0, tho directors proceeded to allotment, and havo since been engaged in setting tho various details Incident to acquiring a, largo business of this sort. Tho directors appointed. Mr. Charles Gerbor to, tho. position of manager in New Zealand. Tho chairman stated that reports-received from Now Zealand of the.investigations mado by tho manager tend to confirm all that had been said as to the sound and profltablo nature of the business, whioh appeared to bo capable of considerable extension.' Tho company bad secured tho.rervices'of three leadinK New Zealand' bnsiriess men. - who, with Mr. Goorca. Bowron, would form the Ohristchurch' Board. . : ~ -, i Tu'toms rovenne collected at the port of Wellington yesterday amounted to £2323 13s. 2d.. . ," ...-,'' . -,-.- ! /;, ;;,,'-,' :.; SILVER,■ ; By Telegraph—Proos Association-Copyright ; -. ..■.;.,.;.-.-,,._ . i. ■ : -j. o ndon, February 8. iSilver,"2s'.-D'3-16d. ;....-• ■ ' ! "; FROZEN MEAT SHIPMENTS. By'Telc'grap'i—tfrcss 'Assp'oiatlon—Copyright ~':'■■•' ~ -London, February 7. : Shipments of meat from tho Arcentino and Uruguay to tho United Kingdom in January/-comprised ,288,250 sheep. ■ 64,500 lambs,; 116,250 quarters 6f frozen beef, and 161,750 quarters of chilled beef. LONDON, WOOL SALES. Uy Telegraph-Press Association-Copyright '~'.- ~:-''..,' ' ■ London, February 7. ■i-'The wool sales closed'• firm. Tho prices of merinos, wore the highest of, tho series. , ; . ' ' (Re'c. February,iß, 11.<0,p.m.) '•-•'■'■ ■" : '••' London, February 8. 1 At' the wool sales- tho attendanco was remarkably, well sustained." Choico merinos closed at pair-with'"tho December Bales. Medium, declined-.live per cent., .faultlca ton to'fifteen per cent.,'good scourpds 75 'per. cent; 'Crossbreds; weakened . during ■the sales. Closing par to flvo per cent, bolaw tho. December talcs; medium, ten to fifteen per cent.. coa,-*o 7J to 10 per cent, Good.lambs wool is.firm. Faulty declined 5 to 7i per cent. -At tho lower rates competition was good, with cigns of returning confldenco During the sales 113.CC0 bales were sold for Home markets. 66.0C0 for tho Continent, 4000 for the United States, and 17.000 wero held over.

;' BROKERS' PRIVATE EEPORTS. MoEsra-■ Daleety and Company, Limited, havo received the following cablegram from their London,house, dated February 7:—"Sales continue firm, and active,-, with brisk competition' as compared with closing rate? of last series. Moriuo: Wools of good quality and condition, scoured, 5 per cent, lower, other descriptions, scoured 7J per cent, to 10 per cent, lower; good quality and conditioned greasy, unchanged; other descriptions greasy, 5 per cent, lower. Crossbred: Greasy wools of - fino quality,' 5 per cent. lower; medium quality 71 per cent, to 10 por cent, lower; coarso Quality;' 5 per cent, to 71 per cent! lower; fioqnred, unchanged; sllped wools, 5 per icent.'to 71 per-cent.'lower.: .Total net quantity available. 193.0C0 bales; Bold to America', 4000 bales: Homo consumption, 111.0 CO bales; Bold to Continent, 66.CC0 bales; not "offered;'lo,ooo bales; carried forwaTd,'. 17,000 bales." ....

The' ifew- Zealand Loan "and ■ Mercantile Agency Company, Ltd., have .received tho following cablegram from their London houßO, urider.ulato February 7:—"Tho wool' pales closed with- Rood competition. During tho sales, 181.000 bales were sold, of which' 66,000; V/c'ro taken for tho Contlnant 'and 4000'fOlMlAmoricai 17,000 bales being, held over, As compared with tho preceding 6orics, clo.xinc prices were lower about ,5 por cent..'to 7j per .cent. for ; scoured merino inferior and -faulty wools, about 7J to 10 per cent, for medium and coarso creasy-crossbreds; and about 6 per cent, for crossbred slipo oni medium and coaxso scoured crossbreds." \ Messrs. Lovin and Co.,"Ltd., havo rccclvcd cablo advico from their agents in London that-tho sales havo closed with-nicr-iinos and fino crossbred.! snowing an adVance' of" 5- pcr'-cent." on' oponing'-rates," ,whilo coarso oroßsbrcds closed weak on o par with - opcnlnnr rates. Tho following avorage prices for fleoco wool havo been ■received:—M.O.. iWanganui, B.IS-I61!.; Spur. ,Wellington, 9Jd.; P. over Crosa Keys over A," Mnetwtan, >10>d.: -Tekamru. Welllnzton, 9Jd.; H.C/Opau, Makara.Sd.; J.8.1t./Elderslie, Oamaru, BJd.: J.F.R./Burnßide, Oamaru, BJd. •'■--'. •'•-.-

Messrs. Murray. Bobcrts, ,and Co., Ltd., ,havo received tho following wool market cablegram from their- London friends, 1 Hcssi's. Sandorfion, Murray and Co., dated February 7:-The Bales havo closed, 17.0CQ balos being held over. The market Is irregulnr. Coinnarcd with the closing rates of last London sales, best descriptions of greasy merino show no chango; compared with the' openinc rales of the present sales.: other''descriptions or merino shov; no chango; fine greasy crocsbred has advanced a shade, while inodium grca6y crossbred has declined 21 per cent, to 5 per cent., and coarso greasy crossbred shows a slight dcclino Scoured. and slipo crossbred show po change.

Tho'Bank of New Zealand has received tho following cablo advico from its London office, dated February 7.—"Tho sales eioso firm for all kinds of wool. Total quantity held, over, 18,000 bale's, *f which 5000 bales aro New Zealand."

THE COMMISSIONER'S' BEPORT. The Commcrco and Tourists' Division of tho Department of Agriculture, Commerce and Tourists, has received tho following cablogram from tho High' Commissioner for New Zealand, dated London, February 7, regarding tho closing of tho first terica of tho colonial wool sales:—"Wool Bales closed. Tho market has been irregular .but closed-firm.at,proscnt.quotations. British manufacturers are busy, and trade is good on tho Continent. Four thou-and fivo hundred bales of New Zealand wool iaro 1 held'over. Estimated value:—Superior merino, ll!d. to Is. Id.: pcr-lb.; medium merino, 91d. to lid.; inferior merino. 8d to Sd.; fine crossbreds, lid. to is. -2d.; medium crossbreds, 9d. to 10id.; coarso crossbreds, Bd. to lOd."

DAIRY PRODUCE IN LONDON. MoKrs. Dalgety and Companyi Limited, havo received cable 1 advices from their London office dated February 1 as follow Butter: The total imports into tho United Kingdom •. for - week ending- January ' 28 amounted to 109,O0Ocwt. ae compared with SM-OOcwt. for tho corresponding period of last year. Tho market-is irregular, and no important chango is expected until tho supplies decrease. Somo advance is probable, as only the European supplies are available. Wo quote: Danish 1173., New Zealand 1065.. Australian-(flue, salted) 104» unsaltod 1065.. Cheese:, Coloured, steadv 605.; white, quiet; 58s.> •. •;.. ■, . - ° l , uauJ ;' The Enmo firm ha? received mail'advices from London under date-December 23 1910 as followi-Butte.r: During the week' ,tho market has gono from -bad-'to''worse and owing to tho continuance of ' thn unfavourable weather ' and unsatisfactory . demand, sales havo- been cvtremcly diEcult 'to ■ make, , and • there has been great .pressure to;'. »ii on tho part of many agents. Buycrq'.iiTTo apparently obtained aU their rcquifenicnta for - tho Christmas trad?. The -present pre" for, butter is bo reasonable that it shn, iS stimulate tho consumptive demand. Chce"e• Fl . r , m -. for I f olo, L rcd i b V t """to- for whito' on'the other hand.-is verv dull n„„.„' tione for all varieties of da'irv produce „; quoted in London December-23, .1910--nnt ter. French. 106a'. to."li».J' DinlVh.'- Sh H5.«., 1165.: Siberian... 845...t0 100 a • viV torinn, 90s. to 1025.;- New South "wj„ 645. to 10C«.: Queenrlnnd, 84s. to 100, . v"' Zealand, finest. 102s. to 104s inferior' M, W IMS.i 'Argentine," 98s„ 102s. Cheo." r,?, - ' dian. white. 57a.. 585., rolonred 585., 5", • hngllsh. 655., 825.; New Zonland. finest mi' oured, 575.; finest white, 555., 565.

Buyers. Sellers ',.,'' ' &»■&■ ,£s.d National Dank 5 17 £ — Bank N.Z ; 10 15 6 _ .Metropolitan Building ... 12 0 0 — iWclllneton Deposit — - 0 8 0 Christchureh Gas — 10 2 6 .ioilding Gns 119 — Gisborno Grin . v . 5 2 0 — Well. Gas (£101 19 2 6 — Well. Gas.(£6 15a.)\. 13 17 6' ' -, Well. Gas, (now; 2 10 0 . — N.Z. Insuranco 4 8 0 — ■ South British ..'. , 3 7 6 — Standard Insurance ...... 1 7 J — Gear.Moat (£1) ; J 2 6 — M«at Export (£t) — 5 5 0 Heat Export (E2s. td.) 3 0 0 — Union Steam 117 0 118 0 Well. Woollen (ord.) 3 18 0 40 0 Well. Woollen (prof.) ... 2 16 0 - Tauplrl Coal 110 - lliraniar. Ltd - ' 0 2 6 N.Z. Taper Mills - 1:40 Taranaki Petroleum 0 13 0 0 13 6 Taringnmutu Totara. ... 2 5 6. - 2 10 0 Ward and Co. — 5 0 0