COMMERCIAL ITEMS.

Dominion, Volume 5, Issue 1258, 13 October 1911, Page 8

COMMERCIAL ITEMS.

. INVESTMENT SITAEES. -■ Tho market is dill! for investment shares; there were no "transactions yesterday. The buying and selling Quotations were as under.— Biiyft-s. Sellers. £ s. d. £ s. d. National Bank — 6 2 3 Well. Trust and Loan ... 7 10 0 — Wellington Deposit - 0 8 0 Christchuroh Gas 9 li 6 9 13 6 Gisbome Ga.s — 3 1.6 Well. Gas (£10) - 19 D 0 Well. Gas (£7 155.) 15 12 6 16 0 0 Well. Gas (new) - 3 0 0 Well. Gas (rights) 0 0 2 0 0 3 N.Z. Insurance 4 11 9 — Christchiireh Meat - 15 0 0 N.Z. Shipping : 11 0 0 — ■ Union Steam -- 2 0 0 Woll. Woollen (pref.) - 2 19 6 Wostport Coal — .19 0 Leyland O'Brien 19 0 - Manning and Co 3 19 0 — N.Z. Con. Dental ..- .13 0 N.Z. Paper Mills 10 0 10 6 Sharla.nd's ordinary — 14 6 Taraua-ki Petroleum v 0 18 0 Tarangamutu To'ara 2 2 9 — Ward and Co. ...:......,. 4 18 0 - Whitcombo' and Tombs ... 6 12 0 - COMPANY EETCKNS AND REGISTERS. Messrs. Hemingway and Robertson, ot Auckland, have published a very useful work entitled, "Company Returns aid Registers," which consists of a- series of remedies for secretaries, directors, and others, showing the returns to be made, the notices to be given, and tho registers to bo kept by companies registered under tho New Zealand Companies Act, and income tax of companies. Breaches of the Companies Act on the part of secretaries through ignorance are not infrequent, but, with this book as a guide, there should not be any. fines for forgetfulnoss or-ne-glect in complying with the different sections of the Act. The.book deals with every feature of a company's work, with explanatory notes whore such axe needed. The book is bound in handy form, printed on one side only, leaving a blank page at each opening for memoranda. The book will be found invaluable to secretaries, directors, accountants, auditors, and solicitors. Customs revenue collected at the port ot Wellington yesterday amounted to £1268 2s. 6d. AMERICAN WHEAT. By Telegraph—Press Assaciation- -Copyright London, October 11. The American. visible supply of wheat is 74.535.0C0 bushels. Washington, October 11. The official estimate of the spring wheat crop is 209,697,000 bushels. SILVER. By Telegraph-Press Association-Copyright London, October 11. Bar silver is o.uotcd at 24 5-16 d. per ounce. RABBIT SKINS. By TelegTaph—Press Assn-.iation—Copyright (Rcc. Oct. 12. 10.10 p.m.) i London, October 12. U the rabbit skin sale 6350 bales were offered, and about half were sold at the following rates:—Good, ljd. to 2d. belowlate sales; inferior, fair, M. lower. There ",-as a fair trade; but the enormous offerings depressed the market. COMPANY DIVIDEND. By Telegraph—Press Association—Copyright London .October 11. The British and Australian Trust and Loan Company. Ltd., has declared an interim dividend of 15d. per share. TALLOW SALES, riy Telegraph-Press A6sociation-Copyright London, October 11. At the tallow sales 1255 casks were offered and 830 sold. Prices realised:—Mutton, tine, 30s. 6d.: medium. 355. Ikef, fine, 365. 3d.; medium, 335. 6d. The New Zealand Loan end Mercantile Agency Company, Ltd., has received the following cablegram from their Loudon house, undor date October 11:—"Wheat— We bavo sold a New Zealand parcel at

32?. ■ lOitl. c.i.f. There is a, fair demand and tho Argentine outlook is encouraging. Crop reports -.ire unfavourable. Tallow— We ouote present spot valuaa for the following descriptions-: Oood lnu'.ton, 37?. 3d. per ewt.; good heef, 35?. per cwt.; mixed. o. r s. per cut. The market is firm." AUSTRALIAN FRODUCR MARKET. By Telegraph—Press Afsociation-Copyrtcht (Ree. Oct. 12, 11.30 p.m.) Sydney, October 12. Wheat, 3?. 7<l. to 3s. 7Jd. Flour, city brand?, £8 155.; country brands, £7 17?. 6d. Bran. £5. Pollard, .£5 ss. Barley, Victorian Cape. 2s. lCd. to 2?. lid.; seed, 35.; English, <?. 6d. to ss. jtaize. 3s, Bd. to 3s. 9d. Oats, Tasmania!! sparrowbilis, 2a. 9d. to 3?.; giants, 3s. Id.: Algerian. 2s. 7d. to 2s. ?d.; feeding, 2?. M.; Tartarian. 2s. lCd. to 3s. Onions, Victorian, £3 15: i. to £4. Potatoos, Tasnnnian, £6 to £7. Butter, 108s. to 116 a.; selected brands, 120s. Cheese, 63d. to 7id, Bacon, 7d. to 7Jd. Melbourne, October 12. Chaff.-The demand.is slacker, and the market easier. Compressed, covered, £4; uncovered, £3 15s. Wheat. 3s. Ed. Flour, i 10s. Oats. Algerian. 2s. 3Jd.; feeding, 2s. Id. Barley, Cape, 3«. 3d. to 3s. 6d. Maize, ..-. 3d. Bran and pollard, £5. Potatoes, £' to £4 10s. Onions, £2 15s. Adelaide, October 12. Wheat, 3s. Bd. Flour, £8 ss. Bran and pollard, 12d. Barley, Cape, 3s. (Rec. Oct. 12, 10.10 p.m.) London, October 12. Wheat—l2,ooo to 15,000 quarters at tliret norts for January-February shipment hart been sold at 365. a quarter. MELBOURNE. HIDES MARKET. By Telegraph—Press Aosociation-Copyrlghl Melbourne, October 11. Hides were in fair supplies at the sales to-day, and prices were very firm, with an upward tendency. BUKFOKD LAND SALE. Messrs. Dalgety and Co., Ltd., report having offered, on account of the truste.es oi the late G. C. Wheeler, the wcll-knowr Burford estate, situated at Stanway, neaj Halcombe, on Wednesday, October 11, at the Oddfellows' Hall, Feilding. There wa: i large attendance of farmers and cithers, interested from the surrounding district The property was offered in nine sections ranging from 47 to 120 acres. CompetitAoi '■•;• the first two-sections submitted wa: exceptionally even, and prices highly sat isfaetory to the trustees. .The following is a list of the sections sold'at auction:-.-?t 3, 87 acres, to Mr. A. L. Wheeler, Stam- ' way, at £10 per acre; Lot 5, 47 acres, tc Messrs. Christian Bros., Sto.nrf.iy, at £1! per acre; Lot 7, 57 acres, to Mr. Edward Cradne, Stanway,- at £23'105. per.aero; Lot 8, 69 acres, to Mr. Edward Crainc, Stanway, at £30 10s. per acre; Lot 9, 79 acres, to Messrs. Crainc Bros., of Pohangina, at £30 per Mro. There are numerous inquiries for the four sections passed in at auction, and there is every probability of the balance of the estate being sold at an early date. SOUTH BRITISH INSURANCE CO. <By Telegraph.—Press Association.! Auckland; October 12. The annual meeting of the South Britisli Insurance Company was held to-day, and was presided over by tho chairman of directors (Mr. John Batger). In moving the adoption of the report and balance-sheet, the chairman gave a short analysis of the balance-sheet, and a com parison between it and that of last year He said: "In tho revenue account you wit f.ee that the net premiums—fire, marine and accident—are £353,240, which is £16,69' more than last year's amount, showing s substantial but not abnormal increase it our business. Interest and rents reachet £35,026, being £1762 more than last year O:. tho other side of tho account th< losses amounted to £187,832, being £9487 let: than in last year's account. In view of th< larger amount we insured, this is verj satisfactory. The expenditure items an ail slightly higher, but the underwriting profit is £52,147, against £34,398 last year Of the premiums received, the losses (to getber with £10,000 added to the re-insur auce account) absorb 56 per cent., and the oxpenscs 29.23 per cent., leaving the nei underwriting profit 14.77 per cent. Th< profit and loss account shows the incrcasct dividend paid to shareholders during th( year (£35,01.0, against £30,000), a largei amount than last year earned to tho Auck land leasehold sinking fund, a consider ably larger amount than usual written oC office furniture, an increased contributioi to tho provident fund,-and £40,tt0 carricc to the reserve, fund. After malting thesi allocations, we still carry in profit anc loss account a--balance of £48.598, which ii £5301 more than we had last year. 0m reserve fund now amounts to £380,CCA, om reinsurance reserve to £150,C00, and our re serve for outstanding losses to £76.299. Oui assets bavo reached £780,015, loans on molt gage are increased by £35,479, and fixec deposits by £14,5 W." Continuing, he raid "Considering the general commercial pro sperity throughout the world, our profi: lias not been so large as we might fairlj have expected. ■ The inadequate rates pre vailing in New Zealand are mainly re sponsible for this. The board has providec in their report for a bonus to tho staff which will absorb £6500." Messrs.- John Batger and John Edson, th< . two retiring directors, were re-elected.