COMMERCIAL ITEMS.

Dominion, Volume 5, Issue 1351, 31 January 1912, Page 8

COMMERCIAL ITEMS.

JXVKSTMKST SHAKES. A rale or Gulden B;iy Ccmoiii flipiw aI, 2i= 9(1 v.-as the only I ransaction n.nirdod. The imyiiiK and iCllinK <jiv..tiii!r»iis >•.•<•.■■; .-«• ,indCT: - . Buyers. F,llcr.. £ s. (1. £ 8. d. National Hank ~ ,J ' l.ank of New Zealand •■■ - 1' £ ° :■.:/.. 1.0-jii and ileicantile - fl Ii 9 K.Z. and Itivi-r I-lale ... - 2 2 0 Well. Trust, nnd Limn / lo 6 - «ii.l)orne (ins ~ ,\ l \ S 111- ~" " 5 " VA: 0.i;"(.8i0V'..: ........IB H IB 7 6 Well, na.* ipref. Vs. 6d.) -- 0 3 6 dear Mini! (El! - « » « Union Mcnm -• ■; V \ W:>)l. Woollen (pri'f.i -- J 1 0 Tiuipiri Coal 1 " -" Wislporl Coal ~ ] 7 " Leylnnd-O'Hricii 18 9 - Parker. Lamb Timber ... - 13 0 Tarinpiimtim Toti.ra 2 4 0 ?. f> C C. M. Uanlii. Ltd -- \\\ Golden Tiny Cp:nent. ..... 15 0 J « X.Z. Con. Deiiwl - J ; ° Sliarlanrt'" preference - J J Ward mid Co 5 S 6 6 6 V INSURANCE AJIALOAMATtOK. According to Australian files a provisionsi aprec:ucnt lias boon rnlnreii nitn between the Lonilon and Lancashire Fire lii-uvance Company and the director? of the Derwent and Tnmar Assurance Company, Limited, Holmn. for the acquisition cf tne whole of the share* of the latter company liy the London and Lancashire The terms.offered, which the director's of the Derment and Tamnr vecummcml their shareholder to accept, are a-a follow:-(» The London and Laiicathire to pay £2 16s. per share, mbjeet to the valuation of the assets. If the ns»ct~ are more or less than aa shown in the last balance-sheet of the Derwent and Taraar, then the lirice per share will be increased or rednrr-d proportionately; (2) the London and Lancashire to assume all liabilities on current business from the midnight, of January 19, 1912; (3) the Derwent and Tamar will be continued as an independent company, and the director.--, employees, nnrl agents will continue on the tenne of their present aßreemeiits. Tho price offered by the London and Lancashire rspc-ents a bonus of about 15s. per share Over and above tho present market value of the shares of the Derwent and Tamnr Company, together with relief from the current liability, and is therefore, regarded as u favourable! one for the shareholders. It is anticipated that the change will he ndvaiitiigooiis to the ußcnls. from the larger limits whk'h. doubtles.?, the. London and Lancashire will be able to give them. Further, tho whole security of upwards of live millions (iucludinp; the uncalled capital), which the London and Lancashire offers to its policy-holders, will now be behind the nolicico; of the Dfcrwont and It is understood that the negotiations have been in prozress for some time. Mr. Arthur E. Wall, manager and superintendent, for Australasia of the London and Lancashire Fire Insurance Company, who his just completed this transaction, is poing Home by the E..M.S. Marmora, which leaves on March 12, at the invitation of the directors, to bo present at the jubilee celebrations cf the company. The meeting of shareholders of the Derwent ami Tainar Company, to confirm the agreement, will be held at Ilobart on February 9. The Dcrweiit and Tamar Company, which was established in 1838, has a paid-up capital of £50,K0. reserve fund .£SC,COO, contingent fund £20.K0, and profit and loss balance £12,241: or a total of £132,211. Its last dividend and bonus wore together 15 per cent. If the whole of the shares are sold to the London and Lancashire, the amount at £2 16s. per share will be £140,CC0. Tho minimum to bo sold to enable tho agreement to be carried into cll'cct is 35.CC0 shares. The cianaper (Colonel T. JI. Evans), who has been associated with the Derwent and Tamar for 53 years,' will take twelve month:;' leave of absence on full pay, nnd it k understood that suitable provision will bo made for him subsequently by the London and Lancashire.

TItADK IN AliliEX STIiEET. Ponltrv.—Faii-ly heavy shipments are comiii"- "forward", but values arc without alterations. Hens, 2s. Gel. to 3s. Gd.; younst roosters, 3s. 6d. to 4s. 6rt.; ducks, A*. C<l. to Es. 6il. a pair. Consignments of turkeys arc recommended. . Vegetables-Cauliflowers arc in excellent , demand, and supplies are barely cnunl to requirement?. Green peas and French he-ins are lnaltinc excellent prices Fruit-The Talunc is due to-morrow with the ufial monthly shipment of bananas from Fiji Poaches have advanced m value ™"?ri from Kolson. Californinn oranges a? hf short supply. . Jfcssina .lcmona are amnio for all immediate requirement!. oEbi-Ti market fe now being wcl TimilWf with Kcw Zealand crown, and "prU-os range from lfe. to 12s. per cwt., ac-,, beine drawn from tO Pollanl lia=; advanced £1 ncr ton, and its now ruling at £7 JOs. to £7 15s. Rice.pollard , meets with moderate sale at %nv is P ln good supply, and is offering at £^V^VeU-l™r&sare ll uot,dat £9 ss. per ton, ex store, less the usual disCo ßo]Ve-l oats have declinod fcl. per dozen, and arc now ruling at 9s. per dozen 41b. b Oatiiia, in 4H). bags, is without change at ex store is £14 10s. '"oats"-Supnlic3 of new seneon's are now on th.> market, and the prices Tanro from 2s 9(1 to 3s. per bushel, according to sample nud variety. , Cl'nT—New seasons prime oaten shear cmVir'is o.notcd at £4 lte. to £4 15s. per ton, sD-flts In; ex store. I'owls' wheat continues at te 4d. to 4s. ''ca.pc'ha'rloy U" soiling at 3s. 6d. per bushel. Fowls' barley has very little inquiry at 3s. 3d. per !msh»l. . ~ Baled straw.—Jfcw season s is available, and fs foliine at 60s. to 70s. per ton. . Clover hay, hand pressed, has good inquiry at £5 to £5 Ids. per ton. Mnize is moving out freely at 4s. M. to ■is. 3d. per bushel. , . Hams and Bacon.-Swan brand is in excellent demand at 9itl. for hams, 9d. for sides, and 93d. for rol!r=. Fresh eggs have advanced a. penny, and are now oijotcd at lid. to U. a- dozen, with good inquiry. Butter —Prime milled is in strong demand at 103 d. to Hid. per lb. . Clioe.-o h in good request: old is seuiiic: at 6id. to 63d.; new, 61d., with loaf at 7Jd.

Cur.tome duties collected at the port of Wellington yesterday amounted to £-2528 10;. lfld. . BLENHEIM niDE SALE. Mop.tr. Dalgoty and Co. report-.-Our Blenheim skin and hide sale was held yesterday when we olTered n eooil catalogue, comnrisins ?.ICO iskins, 72 hides, ■« lross mid 9 bales of wool. There, was a good attendance of buyers, and bidding was keen, last sale rates "buiiift fully maintained. Sheepfkins- Crossbred, 6>.<1., 6!d.; half-wool, crossbreii,' «d.; half bred, 6tl. to 7d.: lorr-stained, seedv, iUI; merino, full wool, 63d.; hoggets, t.\d 'to 51d.; lambs. sd. to 6Jd.; seedy, 4Sd.; n'elts "id", to 4!d.; creen bmbs, 2s. 3d. each; nur.rter-wool, "U. Si. Baled wool: Cro?sbred, tW. to 7jd.: lialfbrecl. Bd. to 85ii.: "tained nieces, 41.(1.: bag wool fleece, 6Jd. to 72d. : Dieces, "6?. d.; bellies, 63d.; locks, 41nV duad. 5)d.; cruteliines, sid. IIid«i: Ox, 63d. to 63d.: slippy. Ed.; coif, (Id. to 6W.: calfskins, 6id.: dead ox, sd. Tallow: In shipping order, £27: rowrti fat, 2fc.: rendored, 23.=. to 245. 3d. .Sundries: Horse hair, Is. 9d.; cow tins, Is. M. BHADFOBD TOPS. 3!o«i ,; : Dalgety and Company, Limited, IVoliiiiKlon, have been advised by their London ofiice, muler (lato January 27, that, tho Itradford ton nuotations at that date were lA\=. K*d. (Kd.l: «'s. WA. {WA.i: £o's, lid. (17d): c 6's, 195 d. (19?. d.); 58's, 2Ud. (21.1.1; 60~ eommon. 225 d. <23d.); 60's. super, 2,' d. (24id.); 64's, S£d. "(253d.): fO's, 36(1. (26d.). The figurco in parciitliescs represent the Quotation to December 29 last. A HISE IX POLLARD. By TelesraDh-Prsss Association-Copjrlght (Ecc. January 30, 10.50 p.m.) Sydney, January 30. Pollard has advanced in price by ss. per tou. AUSTRALIAN BANK OF COMMERCE. (Bee. January 5tl > 10 - M I'- m -' Sydney, January 30. At the half-yearly meeting of the Australian Bank of Commerce, the report showed that after paying interest on in-s-ribed deposits, 0. balance of £16,23! remained. A dividend at the rate 01 2j per cent per annum was declared, abforbins .£14,8:0. A balance of £1510 was carried forward. The chairman stated that dnriiis the half-vcar tho bank had redeemed notca of it.'i own issns to the value of £50,457. the balance remainine bciiiß a nicglisibie t/tiantity. The n'-'ofits from the banking business were considerably in execes of the previous half-year, but there was a falliii!:oIY in the returns from station properties. All the New South Wales ctatioii wroport\K had been realised at satisfactory prhes.