COMMERCIAL ITEMS.

Dominion, Volume 5, Issue 1469, 18 June 1912, Page 8

COMMERCIAL ITEMS.

IJIVKSTMKXT STfAttES. The investment share market displayed the usual Monday oiiictness. and no transactions were recorded. The inlying and selling quotations were as iimlor:— Buyers. Sellers. £'s. d. £ s. d. National Hank 6 0 6 — National Insurance — I 15 J Hiknrangi Coal 0 18 3 - Taupiri Cial 113 - Tar'niffamutii 'I'olara ... - 2 7 6 Golden Hay Cement - j » N.Z. Briiß -• J l ' \ Sharland's ordinary — too . LONDON QUOTATIONS. The strike of transport workers in liondon has riisorpmi.-cd the market.* t»r M»Zealand produce, so much so thai liondon houses have not been able tn cable out v»liablc quotations. Matters o.r» now in-,. proving, nut ?von j-nt, 'he onotaUon* a.r« SnmlS.il. Sew Zeilaad butter it QUOtM ; In London at Ufa, md wen U tiie pccu-

liarity of l.hc trade Mint the fhvt.o.i'ios urn demanding practically MVc Kiimfc price for local consumption, anil th.ti.s tire rC'tMil price nf butter in Wellington: is 1.?.. 3d. per )!>., while on London jvariiy: and luiviii.tr: in mind the statistical position wjiic.l.i showsan excess «r supply in.eidd. s/brc tire, retail' price should not: be more than Is 1 , id. per 111. Tli-.' fai-torics appear not fo place much value on Hie local fn.avkct., for they prefer 10 accumulate supplies,, or Sell for less to London buyers.

The London (iiiotnltqn-y for eh.e.cf-c a.rc not. .-.rs high as they were,, and they \vTl_J probahly go lower a.,s as 1 t'hc dock 1 strike is ended. Frojcji nic.a.t is 1 very fn.iufli in tile Same position 1 , -opd. .tire High Com, missioner's cablegram anticipates a- Tall. The wool market is rcppi.twl. steady, Ipifcit. is vet much 100 early to. predict. 1 ivhat- will happen at the next TiQii.fl.ojj. He,,ii;j, which are due to begin on. iTu.l.y. "£■. TEA UK TJXltttS' I : 'T?X : J[)f!'. According to the '''Financial Time'* 1 ." a 1 gaod deal is likely W tip ji.-Sntrl lifter oil 1 Hoarding the hanking, atr'atrs of .the trade unions. The coal strike evidently touched, those organisations' pretty se.v.ere.ly. apd' they found that many .of Ih.e.ir' jiivestinieiits. ivcrc not of n kind: suitable., -jar ready realisation. Appeals to bankfcrs tf.eve 1 .not met with any irrfat. c.ord.i'ali'fy. a.ni! accordingly there i 3 a movement, a'moiyrst. ..the labour people to transfer , the funds of the unions to a baiiKing ..i'ri'sli.tutron e.lprtIv altnciicd to the Eii.liour par.try: 7t Jlicy c'nrrv this reform through; the. riilor.s jn the 'labour world may:.fhid..:that they- liavc. damaged their position 1 .considerably:. If. they gathered together .all the trade'union funds in one mstitu.t'ipji % can, lie., s.pe.n that if the general; .which; the.. Labour party is always urging 1 .should take pla-e, that institution,- jvpuld st.aii.tf in jeopard v. 13e=ide. flip. i 'funds,.,de'po.'slt..e'd; by 'the unions, suehv.a;.ha.nk.,,,wquifl;,jP'rc.sumahlv hold deposits ...from. tht>,>:publlc',. and if'a general slrike..'wcrav. ordered 1 ., the: 1 general public migiifc rc.id.i_ly..be'.a.i.a'r.med 1 . as to the positionV-Voii'd wtfh'draAy: -.then:; funds;. If this wereVdoiife on I :'a- large, scaler 1 the power of the institution 1 tm ej'sist. the.;, unions might that .ofthe joint stock banks-:at;the.' : preseii't 11010,,

S'Okth ; INSVJBAK.QE:. The report of tlie... iVortit : B'rißslL "aiiff. Mercantile ;fo> t.lip. year 1911 shows the":following.ri;es;ult.s.:-Tlie iiet fire premiums'-'amounted. .tp ; £2,j"9,0h0 ; the net fire losses ..amounted, to. :£1,349;012.. The profit on the .-,:l!re v ;accbunfi: (cxclusiye: of interest) «mou!ited'''tb..;:£7o,3.ol,.,. : - ..In.i.Uip... life department 1225;,pplicjeS:;yyprc ..issut'd,.-. Net amount insured '...thereby,. -£l;98o,82.1, ■ Set new premiiims;-;'£82,0....;:T.bt'a.l. I 'life; i :pr? 1 - 1 mium income, £1,270,060;:*..1n,: ; ihp. annuity branch the sum of,; ;5218.7iP/ ; ■ wan ..Tocciypd for the purchase ofj'a'niiuit.ies:. ■■,At., i l3e'c.oiiij; ber 31, 1911, the the., credi.t. .«f. profit and loss accorint.^ya.sj.■^l : ;sßj:2B2,- -qut. of which the directors'*■v.i'ccbmracml;v;tnc payment of a div.iden'd'. ! ;'6f...j£2:'.per 1 . 1 share'; 1 subject to income>ta:<;':;!c.ayi;iK.,,,t6;.,h.e'; .carried forward. nftprlVpayment^of;.:prcfiy;eiice.: dividend on Janimr'y. i .l; i .fast'.': i £l 1 .0«.157;:.. i One half of the dividend ;is'.;pa'yablp s , 1 on 1 ..4 ay,, 15, and the other ¥lialFy:6ti/-Noyc.mbpt; i .)lli: next. The accoim.tpof ;;tlu; •ilailways.Pis..scnger Assurance. : .' Company.' : ah.d,. / Oi-eaP 1 Marine Instiraiice.;Coinpa!iy,'>.;L;td.v".a're .in;; eluded in the report (the', shares; : qf: : ..the?e. companies being vested in, the; li.o'rjh...' Bri- : tish and Alereantilei;;..; '.The.::net premiuins. received by the former>c.'ompan;v;,;in,';.l9ll : . Mr.oitntod to £39a',719..';..as il .;.'Coiiip.arcd....with.' £347,283 jn 1910. 'and.«;tlip;::;iqt:;i!i i pron't';qf: the year (including.-.ihterest)/arn'pliin.ted .tp' £45,3i8. The iiet'-.i , prcmlunis" i ireceiyed : i.by. tlie Ocein jr/irinc'.Compariy.Mni-.Hllioinnunt-j ed to £240,758. as«cdmpaired. ;w.ith. a '£221.205 in 1910, and ;191p; excluding interestii.:ffim6'i:nt.ed'.'..'.tb;; '£37,f23,-";.

The report of Company, Ltd., fbisl9ll'iVstates:' : .th'at;;the-; balance of profit:' 1 £377.695, made brought forward:.from'.?J9lo;..softer;:.;giving, effect to the resolutiot'SCpa'sscaVat; the. general meeting,-:£221,571 Are and accident ;;- ; acc'quiits. ;:V£2t12,787;.f in--torest not carri6d^'t6:.. , -.other , :, , ..ipe'cquntis,£14,317; 'together .■.■'.€438,676;'.',? directors, propose to add to.'the firr.-.fund.yfwhich will: then amount to/£l,lCO,eOO)j:£lCo,ooJ,.'to pay » further 1911 of 4s. per share'.'. : (lcss" income-tax);!and:-a bonus of Is. pet;sbi'i'eY(lessiineoine-tax); on account of tlic':.yenr,il9ll',^;lca:vi!'ig.-to.'btf carried forward .''&2G7.o7o.\'v;--,■' ■ «.■'■ r-.i'.";, ..:

Customs Wellington ye6terday\amo^'ui.te'.tl.;; ; ,to: ■:i£156.6; 16s. Id. "iFHtM-t'? ' - ■ <tfC-"-&

HIGH COMinSSIQXEJt£ -CXißLE >': oi: j.'. The Departmenferof::'::Agr;iSita:tjc/;;Cp'r;i.c merco and Tourists,Vh'as'.-received jtho "fo!- : : lowing cablogram>;from'V : i.tlio.' ! -High ■■.;Com-* missioner ■ for don, June 15, 1912."-.; (Notc^(3upta!.ions;.;:.uii : ': Ices otherwise specified;.-'■c'rp'.'av.erage-'mar-;: ket prices on spqty^Vi^.i.v.,.,.!.";'.'-"-: 'fi:'A'-' General—The men are rcturnii)g;;to.'-Kbr.k.-;' .■Busintss.i.is..-. apparently imprpvirigV. :'■ ; '..'■'■:."'.".: Mutton.-The -market'.•.is;;.st'c'ady;.-r»..Canter-: bury, 4Jd. per lb;i'-'Nortli,vlslandi-- i 4d,-perl.i.i.:-. Lamb—The market'■ is".:-..flrin,:;but -expect' prices will decline, 1 :.when:.: ; large-r ; ..:supp!ies,.: become lb.; other thaii'sCanicrbury,";:6M.,:,:;.";;,.. .-, Beef.—The icar'fict.--is-:-'ouiet.. -the..■■"supply.exceeds the demand:;-:^:^ih>nds, ? ;:4£d ; j ; -p,cr; lb.; forcsf 3gil.:-; ; ."■ ,'.<■.-,.Wy."; Butter—The marke.t; , .iS;.fiU!et.but.-:.steady..;; New Zealand holders!■'are'i-',firrii'.j!v°Choicest: New Zealand, i.ilSsV'■■. rcr>:cw.fc'; 108s.; Danish, ;i2ls:;y:SiliCria!i^:;iOEs;<:;«.:;,;; Cheese—The 'market'-is-;firini.,-.l!Ut.-.-demandr only moderate.^:';-Xe'w:: ? ZealaiidJ::co]p.uredi;, 745. per cwt.; : ..white;-;725'.f..6d'.--...'.".' : '"'.-" ~-.■" Hemp.—The market; ife.<iiiiet::biit:, ; steady/ and is -.irendrts; Spot: New Zeatandygob* fair. . £22; fair grade. ''£20.-;.ICs,-;,..-.faMr>;.-.ciirrerit: Manila, £22. -:*■':rorward!.'jship'm'pntv 'about the same price:-':' The ■ : bul'put::' : frpm:.:'Jla'niiri' for the week was:3l,Co3vba!cp. ■ "\ : '"V-v:":-/:[;" ~ Wool.—The marketi.'prospects- ; arc-fn..vpiir.- ; able. There ■is;' : Eeneral : .'confidcnce.''in''..tKe.' maintenance bf:.,,iircs:ent"'nrices. g:Currputquotations forSaßradford .:.top.s:-36 5.',.-lq\y.-crossbreds,' Is.- 'lid. . pqi;"■ lb. ;W43'3. .rlow.-i-'crofe: bred* 1». oid. ; ''(?):v'44's:.-medium .cross.breds,. Is 2id.: 50's lialfbreds,: , .ls.^Hi':"''v6 ; f-'-*l'«ar' : bred?, Is. 73d.>,60 - s;-mcrinos.. 2s;, : ld;-.:■.'..',-.■.• Wheat.—The-'.market- is 'rather">niprp-. ac r Live. f V''< «':; ; '■ ..- \1"..-J.y ; ; "' ■'■:':. \ Oats.—The ma'rket,.is .very qui.eti: . -. Peas—There" 1 is'-'lp.ss'.'-.de'mand, ■■.; ; : ' -..'■ - Bearie.—Thc ;^n.arkpt/is;:j: cpy diilhy';."'. _. V ,y. -'.■.-; By TeleffraDh-T.Pr'c.Es.'Wsocj.^'ion-riCppy.rjght; '-if.'sii: \ ,-' ':■' s,ij& ■/■■;.- SySrie'y,,..: June -.'I 1 ?:.; Whpat quoUtip'iiSiV.'are-;;ha'rderii'u'g:.'; : '4s.'' : '3"d.. is offered, arid..4s'r\4d:: ■ ■ .