COMMERCIAL ITEMS.

Dominion, Volume 4, Issue 1213, 23 August 1911, Page 8

COMMERCIAL ITEMS.

INVESTMENT SHAKES. The sales recorded yesterday were, Bank of New South Wales at .€<ls 10s.. and N-nv Zealand Paper Mills at 21?. The baying ana s3llmK quotations were as-undo.':—

NEW ZEALAND EXPORTS. The values of the osports of the principal products from New Zcahntl for the period August. 1 to 15, compare ivitTi the tigurei for the corresponding period ol last year, as under:—

There' is a, decrease this year of £108,015, ami is in keeping with the tendency displayed during the past five or six months. WELLINGTON WOOLLEN COMPANY. The balance-sheet of the Wellington Woollen Company, for the year ended July 31 last, was circulated last evening. The directors, in their report, say:—"The result of the twelve months' working permits the directors to recommend the payment cf a dividend for the past six months of 4 per cent-.. 5 absorbing £<614, and making. with the interim dividend to January 31 last, 1 per ceiii. for the year, on both ordinary and preference shares, leaving £3424 6s. 2d. to be carricd forward. Tlie plant and'buildings liave, as usual, been maintained in an efficient state out of iievenue. and the sum of .£3500 has been written off for depreciation. The addition of £10,633 15s. 6d. to property accounts covers yarn-producing machinery for increased output, with tho necessary building accommodation at Petone, and a fivestory steel and conerctc extension at the Wellington warehouse and clothing factory, which fives much required space for the more economical working ol tho company's business, and increased comfort for the employees." The gross profit for tho year amounted to .£21,242 15s. 9d., as compared with £23,836 6s. 7d. ill' 1919. With rents ar.d transfer fees tho total income was £21,287 3s. 9d., as against. £23,836 12s. Id. in the previous year. The expenses of management absorbed £9552 75., ar.d £3500 was written off for depreciation, making a total of £13,152 75.. as compared with £13,292 lis. 6d. ill the previous year. Tho net profit for the year was £8134 16s. 9d., as against £10.604 os. 7d. in 1911). The principal Items in the balance-sheet compare as under:— 1911. 1910. Liabilities— £ £ Paid-up capital 115,350 115,350 Deposits against calls 7.551 7,854 Reserves 22,2,50 22.2C0 Tt;: r.k New Zealand 20.871 5.4CS Sundry creditor 18.993 13,967 Bills payable 2,650 493 Unclaimed dividends 48 <9 Profit and loss 11,439 11,321 AsscfsI,anr. at Petone 1,209 1,209 Buildings and plant 74,151 66,997 Stock '5,517 80.952 Sundry debtors, etc 24,552 25,591 Unexpired insurance 211 212 Cash ill hand IC2 311 ■MERCHANTS' AND SHIPPERS' STEAM NAVIGATION CO., LTD. The Merchants' and Shippers' Steam Navigation Co.. Ltd , of Sydney, N.S.W.. announce that they are presently completing arrangement!! for an issue of 190,CC0 7i per cent, cumulative preference shares of £1 each, this being the only amount now onen for public subscription. The company has six 10-CCMoii express carfp steamers under construction for the Australasian. Araerinar,, Canadian, and European trades, and valued at nearly £500,000. Customs duties collected at. the port of Wellington' yesterday amounted to £1586 lis. Bd. TRADE IN ALLEN STREET. are coming forward more freely, and pri:e.s are somewhat easier; at yesterday's auction 10s. 1o 15s. was obtained. Choice cabbages continue in excellent demand at 10s.' to 1.5 s.; parsnips and carrots have a vainu of <s. £d. to 6j. 6d, per :.iek. Celery is in extra strong demand, and up to 4s. per dozen has been obtained fcr choice white. Pumpkins ore in short eupply, and are briflgius 10s. to 13s, per sack.

Onions.—Supplies are fully equal to the denial!:!. Gur.d Victorian arc worth £s. to 7s. per rat. Potatoes.--Fairly heavy stocks are held in store. Gent table potatoes arc selling nt £'1 to £4 7s. 6d. per ton. Seed potatoes: "Up-to-Datc," £.i to £5; "Pcauty of Hebron" and "K-arlv Rose," £3 to £9 10s.: "Northern .Star," £6 to £5 10s.; kidneys, £B to £8 lf-.i. Flour-New Zealand flour, best- quality, £8 1C«.: second duality. £8 ss. per ton. f.o.h. i.ouih, and less the customary discounts. I'ollnrd lias declined in value, and is now selling locally at £6 to £5 Ss.per ton. Urnn continue:; steady at £5 10s. to £5 15s. c:; store. Riccmoal tinds steady sale at £4 155., and rice Hour at £5 15--. per ton: Oat?.—The market continues extraordinarily tlrm, with "A" grade Sparrow-hills at 25..7{d.. and "IT grade at 2s. 7il. per bushel, f.o.h. south. Maize continue:! at 3s. 2d. to 3s. 4tt. per bushel. Haled straw is selling at £3 to £3 ss. per ton. Baled -llay.-Prime quality. £4 10s.; choice (rye and clover), £5 10s. per ton. Eggs—Fresh eggs have declined to lOJcl.. and at the present retail price the consumption should increase. Checse.-Best factory, 6id.; loaf, 63d. per lb. Lard, in bulk, is steady at, Bd., pats. Bld. per lb. Margarine—Australian meets with fair sale at Bid. to 9d. per lb. Hacon and Hams.—Sides have advanced a halfpenny per lb., and now rule at Bid.. rolls 9d., hams 9Jd. Poultry.—There is a good demand for all classes. Hens, 3s. to 4s. a pair; cockerels, 3s. 6d. to =3.; ducks, ss. to 65.; turkey gobblers, 3d. to 9:1. per lb. live weight; liens, dd. to 7d. per lb. Fruit—The Mocraki is due from Sydney to-dry. with only a moderate shipment of oranges, mandarins, pineapnles, and lemons, for this market. The Warriraoo is due from llobart and Melbourne with a. shipment of apples, comprising Tasmanian. French crab. Stunners, stone pipnins, russets, and Scarlet Pcarraains. At the auction sales yesterday cxcall-nt prices were obtained for Motueka fruit, up to 9s. 9d. being obtained for choice Stunners. WHEAT AND FLOUR. Dy Telegraph—Press Asscciatkm-Coprrlebt London; August 21. The. wheat and flour all oat for the United Kingdom totals 2.775.CC0 quarters; and for the Continent 1,925,000 quarters; Atlantic shipments, 273,000. The total shipments to Europe during the week amounted to 1.235XC0 quarters, including 83,000 from Argentina, 220,000 from Russia, 372,000 from Donubian districts, 99,000 from India, and 90,000 from Australasia. (Itce. August 22, 9.25 p.m.) London, August 22. Wheat.—Four thousand four hundred tons of South Australian for September shipment have been sold at 355. SILVER. By Telegraph-Press Association-Copyright London, August 21. Bar ..silver is quoted at- 24»d. per ounce standard. TIX. 8l Tclcgra.ob-rros--: Association-Cueyrlrti! (Ree. August 22, 8.25 p.m.) London, August. 22. Tiu.-Ou spot, £191; three months, £188 ss. BEET SUGAR PRODUCTION. By TelecraDb-l'rtss .•.sscreiation-C.'oprrtght London, August 21. Ilerr F. O. liiclit, of Magdeburg, in his monthly- circular, states that the production of beet sugar in Europe during the 1910-1911 campaign, which began- on September 1, shows an increase of 814,CC0 tons as compared with the previous campaign, lie estimates that the total amount produced during the current campaign will be about 8,121,000 tons, or an increase'of 1,963,000.

CANTERBURY GRAIN MARKET. ; (By Telegraph.-Press Association'.! Gnrisichurch,' August 22. The. local wheat market is very' Ami, but merchants are doing among themselves the only business that is being transic'jrt. The wheat, in the hands of growers is being firmly hold, and they are not caring to sell under 3s. 6d. at country stations —a price that is above the present market level. Oats are being inquired for, but the short stocks, in both town ami country, are being firmly held, so that supnlies are very difficult to obtain. Chaff is without change, and tho prico rem.iina at 80s. on trucks. The potato market is quiet in conseouence of the northern markets being again well supplied from the south. The prices offered to growers are 475. 6d. to 50s. at country stations. Ths fine weather of this month has caused an active retail demand for all kinds of seeds for immediate sowing.

, BUTTER AND CHEESE PEICES. (By Telegraph--Pre" Associatloij.i □ iinsclin, August. 22. Mr. J. E. Scott, secretary of the. South Island Dairy Association, reports that the cheese market is still strong. Buyers now offer sixpence on trucks—an advance of about, cue-sixteenth of a penny on sixpence f.o.b. Several sales have been made at sixpence f.o.b. London letters received, dated July 14, speak of the disastrous condition of pastures in the United Kingdom and Northern Europe through dry weather, o,nd the hope is expressed that rain might come, but Mr. Scott, points out that this hope lias been dispelled by the High Commissioner's cablegram published yesterday, which refers to continuous drought.

Buyers. Pcller:. £ s. d. £ s. d. Union Bank — 66 5 0 Well. Tru.'-t ansl Loan ... — . 7 n |) C'bristdiureh Gas — 916 0 FciklinE Gas — 12 6 Standard Insurance 1 11 9 — Christchurch Moat — 16 2 6 N.Z. Shipping 11 8 0 — Union Steam — 2 2 3 Well. Steam Ferry ' — 0 18 0 Well. Woollen lord.) — 4 0 0 Well. Woollen (pre!.) ... — 3 16 Taupiri Coal — 119 AVfstport Curil 18 9 19 3 Leyland-OT.ricn 18 6 1 9 C N.Z. Drug 2 10 6 — Slwrland's Ordinary — 14 9 Taranafci. Petroleum — 0 17 0 Well. Opera ilouse — 7 5 0

1911. 1310. Butter 1,128 2,16) Cheese 1,178 2,368 ' Beef 1,16? 35.026 Mutton 52,2(3 52.133 Leg; and pieces... 2,012 2,129 . Lr.ml) 84,218 57,262 Wheat 3,683 10,330 < Oats ' 682 8 24 Potatoes 232 169 Hemp 11.8C4 17,617 I'abbits 4,625 2,577 , To w 794 625 Kauri' gum 6,553 39,779 firain and pulse... 951 115 JIop3 19 485 Hides 6/17 15,977 Skins 30,987 44,421 Tallow. 21,541 28.7CO Timber 22,869 16,667 Wool 69,407 56,428 Gold 37,577 40,'K1 360,257 <68,312