COMMERCIAL ITEMS.

Dominion, Volume 5, Issue 1359, 9 February 1912, Page 8

COMMERCIAL ITEMS.

INVESTMENT SHAKES. Tie saics recorded yesterday were Bank of New South Wales at £46, and LeylandO'Brien Timber at £1 9s. 3d. The buying and selling quotations were as liuder!Bu'jers. Sellers. £ s. d. £ 6 . d. .NX and Kiver Plate .... — 2 13 Well. Investment 0 11 3 Well. Trust and Loan ... — 713 0 Well. Deposit 06 0' 08 0 Well. Uas (pref.) - 0 8 0 X.7.. Shipping — 15 0 0 Union Steam — 1 19, 6 Well. Wooilen (ord.) — 3 17 6 Well, Woollen (pref.) — 3 0 0 Taringamutu Totara — 2 6 0 C. 11. Banks, Ltd — 10 0 Golden Bay Cement 13 9 14 6 Manning and Co — 412 0 K.Z: Con. Dental — 12 6 COMPANIES HEGISTERED. Among the companies registered recently, according to the "Mercantile Gazette," are the following:— ISannatyno and Hunter, Ltd., registered as a private company. February 1; office, ield ,- £ tT P et ' Wellington. Capital, £ID.OOO, divided into 15,000 shares of £1 each. Subscribers: W. E. lledstone. 3000; G. L. Bannatyne, 3000; E. 31. Sladden, 5000. Objects: To acquire and take over, as a going concern, the business of general importers, merchants, etc., now carried on by Bannatyne and Hunter. L. U. Christie, Ltd., registered' as a private company on February 6: office, Wellington. Capital, £5000. divided into SCOO shares of £1 each. Subscribers: C. 11. Robertson, 1000 f.p.u.; L. E. Christie, 1000 f.p.u. and 1150; J. Drysdale, 5000; L. S. Huuiphrica, 675 f.p.u., and J. E. Humphries, 675 f.p.u. Objects: To acquire and take over the business of timber merchants, now carried on by. L. E. Christie. New Zealand Flax Machines Esoorimental Co., Ltd., registered as a private company on February 3; office, PalmersVm North. Capital, £5000, divided into 500 shares of £10 each. Subscribers: F. V. Raymond. 150; W. O. B-ecre, 130; ,1. E. Hough, 83; J. li. JfacLennan, 110; M. A. Conway, 20; 11. W. Hole, 10. Objects: To acquire certain inventions for the improvements of flax-dressing machines. Jtareikura Co.. Ltd., registered on February 5; office, Greytown. Capital, £20.000, divided into 20,000 shares of £i each. Subscribers: J. 11. Jure, 100; C. .1. Jury, 100; Iraia te Whaite. 50; Ternera Tareha, 1000; Whenna lie Kola Jlanihera. 100; 11. W. Tate, 50; «. M. MocFarlane, 100; ,T. Gillies, 100; and twelve other native subscribers. Objects: To acquire and present "Jlareikura" newspaper with its business, plant, and goodwill; to print in either Maori or English language,' newspapers, etc. STKIKE RISKS EXCLUDED. At a meeting of the General Committee of the Adelaide Chamber of Commerce held on February 2, a. copy of the following cable message from the London Chamber was laid upon the table:—"Policies of insurance terminable under contracts dated on and after March 1 nest must cover risks of strikes, riots, and civil commotions, as Lloyd's standard policy will exclude above consignments." In discussing the advice, a member pointed out that the original marine insurance policy covered goods from the time of loading until their discbarge at their destination. The. only addition to that was when insurance companies covered the risk of craft and lighters to and from the vessel. In later years, however, policies had been made to cover from warehouse to warehouse. It was that particular risk that the riots and civil commotions proviso especially affected. It did not apply when goods were on tho vessel, but it did so long as they were in the wharf sheds awaiting shipment. Lloyd's had excluded the "civil commotion" risk which the ■ marine companies expressly excluded. It waß a pity liability could not be thrown upon the municipal body ivithin whose bounds strikes, riots, and com.r.o';ioiis might occur, as it used to be in the old days. A factor which brought a-bout tiie present situation was the epidemic of labour troubles in England, and more particularly at certain Argentine ports where there had been serious fires in Customs sheds, probably caused by inccudiarie3 to hide traces of organised theft. It. was decided to warn the public that the ordinary marine policies do not cover risks of strike, riots, and civil commotion. QUEENSLAND MEAT EXPORT COMPANY. The report of the above compauy covers the 12 months ended November 30. it shows a net profit of £24,475, which with £3635 brought forward, made £23,110 available. The board proposes a 'dividend nt the rate of 8 per cent, per annum, and a bonus of 2 per cent., which, with the dividend duty, will ahsorb £22.923, leaving £5185 to carry forward. During the past season the factories were fnlly employed while suitable stock were procurable, but it is regretted that it is not possible to carry on continuous operations throughout the year, as sheep and cattle of the necessary quality are not obtainable. Therefore, the works must remain idle for several months. The strict regulations of the council authorities, whereby the briskets and flanks had to he removed, and rendered into tallow, consequent upon the prevalence of nodules iu the beef, are still in force. This company had a paid-up capital of £191,062, and a reserve of £99,005. PBODUCE EXPORTS. The value of the exports of the principal products for the month of January, according to the- leaflet issued by the Department of Agriculture. Commerce, and Tourists, totalled £2,490.165, against £5.026,016 for January, 1911. The detailed figures are as under:— Jan.. 1912. Jan.. 1911. £ £ Butter 367.125 354.934 Cheese 205.929 237.835 Beef 10,310 30,674 MuttonCarcasses 107.508 109.432 Less and pieces 1,652 6.5'9 Lamb 126.823 178,757 Wheat 34 693 Oats 537 342 ■ Potatoes 126 249 Hemp 25.112 49.229 Rabbits 4.192 4.694 Tow 2.244 4.134 Kauri g.nni 19,714 2<t.Cß7 Grain and pulae... 685 ' 2.453 Hops 175 m Hides 11.510 12,185 - Shins - 66.237 65.482 Tallow 39.255 55.936 Timtwr 42.394 23.075 Wool 1,342.006 1.665.269 Gold 144,057 195.783 2.450,165 3,026,016 For the twelve months ended January 31. the exports were valued at £17,608,471, as against £20,744,130 for the previous twelve months. WOOL, SKIN, AND HIDES. Messrs. Williams and Kettle, Ltd., D.innevirlie. report having held their usual wool, skin, hide, and tallow sale, when they offered a iscod catalogue to a representative attendance of buyers. The sale went well throughout, and they report a tola! clearance of their catalogue. Th»v quote as follows:- Wool: Crossbred, 6?d to Bd.; erutchiiiL-s. 51d.: bellies and nieces, 5Jd. to £'d.; second pieces, 4!d.; dead. 6 ; ! d to 7id.; locks, 33d. to 4Jd. : lambs to lid.; black wool, k\. Skin.-: Crossbred. Hd to 63d.: lambs. 43d. to 61d.: pelts, each. 6d to Is. 6d.; dead, 4d. to 5;d.: salted skins, lambs, 2s. 3d.: pelts. Is. 3d. to 2s. Id ; cro-shrnd, 6s. Id. Hides: Cow. medium. 6d.: cow. cut, sJ<l.: cow. slippy, «Ul.; drv. s*d.; vearlinirs. 73d.: calfskins. .Uti: to 9>'d. Cow tails, I=. 3d. Tallow, 14s. oil. t„ m/. Customs duty collected at tbc pert of Wollinclon yesterday amounted to £4JM L J*. Id.

aurtisTcnntei! wooi, s.\i,ks. lib- Tclc!:rasfi.--l , :-Oi3 Association.! Cliristcliui'Cli, l'clii'iKii'v 8. Tho fourth um.l sale of ibis ; :>;'i.- o m's .=oric:. w;t:-- hchl in the Alexandra. Hall today, when 10.5V3 ii.-i!.-s were oll'ered to a large iiitendiim-e of buyers. There was a fairly proportion of pnoit iintnu-j'it station dips submitted, and the wool was in drier rjnditipn tlian at two pivreiiins sales. Competition was aniniat-.'d tlu~njrhout, hull; lots lioimr all nf >li'.irll.v after urn- o'clock, liuyers were, however, operating on a lower Imyis of values, anil there was an nll-rouiu! ihvliiie of prices, amounting to about }il. per Hi., t.houih there was a good deal ot irregularity. The cause of the (kviino is saiil to be due to values at th-j recent sales being above the parity of I.onKon, and the absence "f American speciilntinii, which had maicriall.y assisted in raising the level of prices :il the. local sales. The principal haycr was the representative of a Continental linn, anil local woolscourers yinrchasril more freely than at previous sabs. Passings v.-eru mure numerous than at the December and .January sales. Tlio ranso of prices was :i? follows, the figures, in parentheses being prif.is realised at the .lanunry talc:— Super mii'iuo. lid. lo ll*d. (lid. to lZd.l: medium. 7»d. to 10d. IBki. to lOM.); tuner halfUreds, ll'.d. to 15M. Uljd. to 12\d.1; medium. 9!d. to lid. (10d. to 115(1.): inferior, 7*d. to 9hl. (83il. to 93d.); super Corricdalc, IM. lo il«il. (Il'-d. to 13d.>; medium anil inferior, E{(l. to lid. <9d. to 113 d.); super Ihrec-iiuarter-brod, led. Uo.\d. to 113 d.); medium. Bid. to 9>d. 195 d. to lt)d.); inferior, 7d. to Bd. "(73d. to Sd.h medium crossbred. BW. lo Did. (9d. to 9M.); inferior, 6jd. to Sd. (7d. to 83d.); lougwool, 7Jd. to Bid. (7Jd. to 83d.); down wool, Bd. to 10(1. (9Sd. to 101(1.); merino pieces, Kd. to 9?d. (BJd. to 103(1.): best halfbred pieces. Bid. to lid. (9d. to lid.); second halfbred pieces, Eld. to Bd. (fd. to 83d.); crossbred piece?, lid. to 84d. (s}d. to Bid.); locks and crutchings, old. "to old. (3Jd. to 73d.!. "The top priced clip was Waitohi Peaks, the halfbred making 13Jd., and nieces lid. 3\"akaro halfbred told up to 125(1. MELBOURNE HIDE 3 MARKET. By TcleirraDb—l'rcss Association—Copyright (Itee. February 8, 11.15 p.m.) Melbourne, F;bruary 8. Hides were in fai>- supply at the sales to-dav, and there was strong competition. Prices rose Jd. per lb. At'STEALIAX PRODUCE MARKETS. (Itee. February 0, 11.15 p.m.) Sydney, February 8. Wheat, 53. 83d. to ss. 91d. Flour, now, £8 155.; eld. £9. Oats. Algerian, 3s. 4d. to os. 9d.; Giants, 3?. 7d. Hurley, Cape, 3*. to 4s. 3d.; English malting, 4s. 6d. to ss. Maize, prime. 4s. lOd. Brail, £8 15=. Pollard, £6 ss. Potatoes. £7 10s. to-£B. Onions, £14. Butter, selected brands, 1305.; prime, 118=. to 1265. Cheese, 71d. Bacon, std. and 7d. Adelaide, February 8. Wheat, 3s. 7Jd. to 3s. E}d. Flour, £7 15s. to £8 ss. Bran end pollard, 14d. Oats, 2s. lOd. WHEAT. (Bcc. February 8, 11.10 p.m.) London, February 7. Wheat—Three Australian cargoes sold at 38s. 3d. The' American visible wheat supply is estimated at 111,974,000 bushels. London, February 8. Wheat—Two cargoes Australian, 16,500 quarters of South Australian, January shipment, and 9500 quarters February shipment, have been sold nt 385.; 10,000 nuarters of W.sst Australian, January shipment, at 58s. 3Jd.; 13,500 nuarters of Australian, January and Fobruary shipment, at 575. 7*d. TALLOW SALES. London, February 7. At the tallow sales. 959 casks ware offered and 545 sold. Prices realised:—Mutton: Fine, 365.; 'medium, 325. 6d. Beef: Fine, 355.; medium, 325. SILVEE. London, February 7. Bar silver is quoted at 27 l-16d. per ounce standard. LONDON MARKETS. The New Zealand Loan and Mercantile Agency Company. Limited, havo received the following cablegram from their Loudon bouse, under date February 7:— Tallow.—We quote present snot values for th.? following descriptions:—Good mutton, 345. per cwt.: good beef, 325. 9d. per cwt.; mixed, 30s. 6S. per cwt. The market is quiet. Wheat.—We have sold an Australian cargo at SS». 3d. ci.f. The market is firm, and th.3rc is a fair demand owing to decreased supplies. The outlook is encouraging. We quote, per quarter ci.f., NewZealand wheat, long-berried 365., shortberried 555. 6d. Oats— Ws quote: Gartons, 225. 6d.; Sparrowbills, 21a. 6d. The market is firm.