COMMERCIAL ITEMS.

Dominion, Volume 5, Issue 1395, 22 March 1912, Page 8

COMMERCIAL ITEMS.

INVESTMENT SIUKES. The sales recorded yesterday were National Jiank. £5175., and Taringannitii ToUiraix. .12 Bs. The liu.vinE and seliinc quotations were as iind'3l , :— lSu.ver*. Sellers. £ s. d. £ s. d. r;iirl«tduiri-li Gas 9 0 0 KUhortic Gas - 2 18 0 Well, (las (.BIO) 18 0 0 18 10 0 Standard Insurance ■■■ 1 10 6 Chrii>:«liurch Meat - 15 12 6 Gear Meat (X4> •- 13 0 0 Meat Export (52a. 6d.) ... 2 17 6 2 19 0 Wiiimi .Steam 2 2 0 Well. Woollen lord.) - 3 15 0 Well. Woollen Iprof.) ■ • 3 0 0 llilturnußt Conl — 0 19 G WiNtport Coal - 17 3 (iolden Hay Cement 1 4 G — X.Z. Con. Dental - 119 Kh'.irland'p ordinary •• 14 6 WMt'TOiilie and '.I'omlis ... 6 8 6 C 10 0 W.I'.C.A. (£5) - 7 5 0 AUfiTH.VMAX AMICAHLK ASSIJItAXCK. The prospectus of the Auatiaiian Amicable Assurance Association. Limited, is

advcrised in this issue. The authorised capital of the company is .££50.000. divided into 500.000 >harcs of 10s. each; 200.05.0 shares, arc offered for subscription, iioyablp 2.-. c>l. per share oh application, tiiifl "-■ 6d. per share on allotment. It is not mitit-i----patJil tlinn any calls will bo miidc: IC.CCO fully paid-up shares will be allowed to tin; promoter. Mr. Cleorßc Millard. who is also to receive £1000 in cash, for Mhicli lip agree.-" to pay all preliminary costs, except brokerage and iiiidprwritinir commission. ■J'lio association is beinc formal ts transact or procure the hiisiiie.-R of ordinary life assurance, industrial insurance, lire and marine., personal arciderc: nid invalidity assurance, employers' liability, workmon's compensation, plate-zias-. burglary, and live stock insurance, mid is e.-.tab-lisliinjr :i hoiifo-piirchase branch. Tlib house-purchase system lieins somewhat new la Australasia, it is Miller fully described in the prosner--.iis. But this is to be only a branch of the business, and the other brandies will liot be noirlccied for it Tli-- local broker for the company is .Mr. !•',. \V. H. llornabrook. Fcatherston .Street. CO-Ml'AXy HKGISTKRKD. 7n thn lif- of companies registered, published in this week's "Mercantile Gazelle,' there appears the followinic:— Pirani nnd Co., Ltd., registered as a private company on March 15. Capital. £20.000, divided into 10,000 shares of .£1 each. Subscriber?: F. Piraiii, 10,500; ". L Mills, 9000: Ci. .f. Fitzpa.iick, £50; all of Feilding. .journalists. Ob.iec:s: To sicciuiri and take over as a going concern the business of Frederick Pirani and Thomas h. Mills, now carried, on by them at Fcildmg undDV th 3 Hrm name of "Fred. Pirani and C 0.." an newspaper proprietors., .ion printers, etc. ■ '

DECLINE IN BUTTER. According to the "Sydney Morning Herald," a bombshell was dropped in huseex Street on Thiirsdoy raornini: of last week, when the price of bnttsr was reduced 4s. per cwt. all round. Choicest selected grocers' brands were ouotcd at 1125.. and second qualities from 100s. to 104s. It was not thought likely that t-he decline would be of a i)ermcin2n-: nature. As a. matter of fact, several merchants were of opinion ranted. "The true' reason of the fall," said one, "is that a couple of houses have big consignments going forward to London on factory account, and the advance they have to make is on the basis of the Sydney market. Hence the fall in value*." But there were others who were convinced that the drop was fully justified, hupolies have recently shown a tremendous increase, and naturally something lrad to be done. ..Whereas five or six weeks a<ro the exports from Sydney amounted to only 400 or SCO boxes per week, the quantity has now swollen to aboul WOO boxes, flowever, whether the change in Quotations should or should not have lioen made we would not rare to say. In any case, the public benellts. Customs duties collected at the port of Wellington yesterday amounted to £2215 12s. 10d. AUSTRALIAN PRODUCE MARKETS. (Rec. March 21. 10.55 p.m.) Sydney, March 21. fflic.it, 3s. 73d- to 3s. Bid. Flour, city brands. £15; country brands. £8 12s. 6(1. Oats, Tasmaiiian, 3s. 3d. to o-\ <d.; Algerian 3s. 7d. to 3s. Bd. Barley. Cape., "!s. IDs. 'to 55.; Enelish. te. 6(1. to ss. Maize, 4s Bd. to Is. 9d.; bran, £5 lCs. Pollard. £5 15s Po aloes, £6 to £9. Onions. £9 10s. to £10. Butter, selected brands, 1125.; prime, 108s. Cheese, BJd. liacon, 7Jd. to 7UI. Adelaide, Maxell 21. Wheat, 3=. 9d. Flour, £8 15s. Bran and pollard, 13* d. to 14d. . MELBOURNE UIDES MARKET. By Telegraph—press Assiflition— Copyriiiot (Rec. March 21, 10.55 p.m.) Molbourno, March 21. Hifcs were in moderate supplies at today's sales, and met with good competition. Prices were firm. BANK OF AUSTRALASIA. By Telegraph—Frees Association-Copyright London, March 20. The Bank of Australasia report shows Dpi! d'lMM's total ,£17.414/74; cash securi\if. £8"!c79,677 ; and bills total £15,892,890. TALLOW SALES. • B> 'U'ICETaDh-Preas Association-Cocrrltilit London, March 20 At the tallow sales 716 casks were offered and 519 sold. Prices realised:-Mutton. fine. 365.; medium, 335.; beef, flue, 355.; medium, 3"s. td. WHEAT. By Telegraph—Press Association— Copyrisni London, March 20. An Australian cargo of wheat sold at 38s. London, March 21. Wheat.-Australian cargoes have been sold at 375. <ld.. 375. 9d., 385., and 38s. ljd. respectively.

LONDOX WOOL SALES. Mesprs. Levin and Co.. Ltd.. have received the following cablegram from their London itKCiiUi-'New arranrjmeiit? have been made recardiuc the London wool sates for this year. The fiales. which were fixed originally for March 5 and afterwards noanoneil to April 11, will oiieiv on April it. The ealcs orißinally fixed for Ain-il 30. and raiently postponed to June 11, will now open on July 2, and Uiofo sales will be mereed into the sales onsiiially fixed for July 9. A limit or 2£o,ceo bales has been fixed for this sale. The last two sales of the season will lie h;ld 011 September 24 and November 26." The Bank of New Zealand 1105 received the follov.ine cable advice from i:a London office, dated Marcli 20:—"The following wools, ox Star of Canada and Op:.iwa. nro included in offerings far the second series, opening on April 11. The third ami fourth series ore to be amalcaiuiitetl, I lie opening date being fixed for July 2." Tho Xew Zealand Loan and Mercantile Agsnp.v Company. Limited, have received the ■ following cablegram from their London houses, under date March 20:— London wool sales: Third serins postponed till July 2. limit of 250.C00 bales. Fourth series September 2-t, fifth series November 26. Messrs. Murray. Roberts, and Co.. L'.d., have received the followins cablegram, dnted March 20, from their London friends, Messrs. S-.ndcrson, Murray, and Co.:-"T]io third series of wool sales will he held on July 2, with a limit of 250.CC0 bales. T'io fourth series will onsn on Sep nmber 24, luirf, the fifth series on Noveinlicr 26. There v.-ill rot be any limit for these two scries." FURTHER. DATES FIXED. Ht Telefrrnnh-J'rii" Assnri."tinn-CoDTrli:llt (Kec. March 21, 10/0 p.m.) London, Marcli 21. The colonial woollen importers have decided to drop one scries of wool sales, and have fixed tha third feries for July 2 instead of June. The limit will \k 11 quarter of a million bales. The fourth series is fixed for September 2J. and is nnlinii.cd. The fifth si-rics will begin on Noveml-or 26. It will also be unlimited. AVOOL. SKIN, AND lIIIIE SALE. The Xew Zealand Loan and Mercantile Agency Company, Limited, report us follows:—Our usual periodical sale was held yesterday, and Kood catalosu-28 were mliinittcd 'o a fair attendance of buyers. Owing to the unsettled state of the London market prices showed a slijrht drop from l'ist sales' prices. Hides, however, were higher by Id. to Jd. We ouo.o:— Wool: Crossbred, Crl. to 73d.: lambs. 63d. ti 7*d.; (lead. 6(1. to 6\A.; bellies and pieces, <jd. to siii.: locks, 3Jd. to Skins: Crossbr;d, 6d. to 6?d.; lambs. 43d. to 63d.; short' to (iuartor-wool. 4d. to 5Ad. Hides: Ox. none offerlns: cow, 6d. to 64(1.; cow, cir, 5Jd. to 5?d.: calf, good, 9d. to 9Jd.; calf, damaged, 6d. to 83d. LONDON MARKETS. The Now Zealand Latin and Mercantile Agency Company. Limited, have received the following cablegram from tH?ir Liudon house, under date March 20:-Whoat: Sold cl 335. c.i.f., Au».r:ili.in cargo. Market firm but inactive. Outlook uncertain.