COMMERCIAL ITEMS.

Dominion, Volume 5, Issue 1471, 20 June 1912, Page 8

COMMERCIAL ITEMS.

INVESTMENT SHAKES Sales of investment .shares recorded yesterday wore Equitable Building at .£lO, and Sharland's ordinary at 235. The buying and selling quotations were as under:— i Buyers. Sellere. £ s. d. £ f. d. Hank New Zealand — 11 14 6 National BnuU - 6 0 6 — Metropolitan Building ••• 12 8 0 — National Mortgage 4 10 — N.Z. and River Plate — 2 0 6 Well. Investment — 0 11 6 Well. Trust and Loan 7 12 6 ~ Christchurch Gas — 9 0 J Feildiug Gas - 115 Well. Gas (£10) . IB 5 0 Port Chalmers Gas — 0 18 9 Ohrtetchurch Moat 14 17 6 — Meat Export (£5) 6 4 0 —* N.Z, Shipping .. - Ml° 0 Mosgioi Woollen 3 7 0 — Well. Woollen (ordj 3 8 0 3 8 9 Well. Woollen (prof.) -- 2 19 0 nikurangi Coal 0 18 6 — Toupiri Coal 12 0 — Kauri Timber (335.) — } I 5 Leyland-O'Brieu — } 5 S N.Z. Powell Wood Procoss — i 2 C. M. Banks. Ltd - 0 19 9 Golden Bay Cement — ; ? t Sharland's ordinary — J J J j Ward and Oo 50 0 52 0 EASTERN EXTENSION TELEGRAPH CO. For the six months ended December' 31 the Eastern Extension Australasia and Clrna. Telegraph Co., Ltd.. show gross receipts of £359,596, a? compaved with £33d,976 in the corresponding term i" 191°* The working expenses, including £21,335 for maintenance of cables, absorb £159.232, against £154,300, leaving a balance of £200,364. From this is £3185 for *ncorae tax payable in England, and £15,033 for interest on debenture stock, leaving as the net profit for tha half-year £182,130. After adding £5t,698 brought forward, there is an available balance of £233,829. One quarterly interim dividend of 1J per cent, has been paid for the half-year, and it ih now proposed to distribute another of like amount on the 15th inst.. making with the interim dividends paid for the first half-year a total dividend of 5 per cent. It is also proposed to pay a bonus of 4s. per share, or 2 per cent., making a t-otal distribution of 7 per cent, for the year 1911. The sum of £75.CC0 has been transferred to the general reserve fund, and £23.829 parried forward. The arrangement referred to at the last general meeting for the acceptance of deferred telegrams in plain language at half the ordinary rotes was brought into operation on January 1 last.

PArAHOA COAL CO. - SIXTH ANNUAL MKKTING., The sixth annual meeting of the Faparoa Coal Co. was held -in the Chamber of Commerce yesterday. Mr. J. P. Maxwell presided over an attendance of about fifteen shareholders. . In moving the adoption of the report and balance-sheet (which has alre'ady bocn published), the chairman informed shareholders and debenture-holders that an active canvass hart been started for subscriptions to the now debentures immediately after the meeting of shareholders held on May 16. It was proposed to continue tho canvass until the end of July. About £17,0C0 had so far been promised by 35 of' the share and debenture holders. A total of £J5,0C0 was required. As the total number of the share and debenture-holders was 320 it was considered they had not yet responded Gfi readily as those who had come forward again on the present occasion wore ,-justified in expecting. A more liberal and prompt response by those who had not already assisted was necessary if they were to succeed. The idea was widespread that the terms offered th? old in the new debentures and for those who were "inclined to invest were very liberal. The demand for coal was at the present time very prcat, and the prices were cood. The mine was awaiting operation with a pood seam of coal opened out. The coal was of a first-clru* ouality, aitd the prospects of successful working were of the best character. There was therefore every inducement to share and debenture-holders to respond at once, more especially as, should the appeal fail, there would be no other made, and it wo* nccefrory for those now interested to support the scheme to iustify the public in also subscribing. The motion to adopt the report and balance-sheet was seconded by Mr. .1. .11. Blair and carried. . Mr. T. S. Weston mid Pr. C. P. Knierht were reappointed directors, and Messrs. Watkins, Hull, and Wheeler auditors.

Customs duties collected at the port of Wellington yesterday amounted to £IZa Ids. sd. ' HIGH COMMISSIONER'S CABLE. TUc Department has received the following cablegram from the High Commissioner for New Zealand, dated London, June ,18. 1912 (Note: Quotations, unless otherwise specified, are average market prices on ' P Egg=.— l The market is nuict. but moderate business doing. There is a better demana for chcaper sorts. Per 120: Home, Bs. 6a. to 9s. 6d.: Austrian. 6s. 9d. to 7s. 6d.: Russian, 6s. 9d. to Vs. 6d.; Italian, Bs. 3d. to fc. 3d.; Trench, 9s. 6d. to 10s. 6d.; Danish, 'Bs. 3d. -to 9s. 3d.; Dutch, 7s. 6d. to 10s.'• Poultry—The market is firm. A small snpplv. Chickens; Home, Is. to Is. 3d. per lb.; Russian, lid. to Is. Id. .Ducklings: Home, 9d. to lGd.; Chinese, 7d. to 7Ad. Turkeys; Practically cleared. Bacon.—The market lias been ■ unfavour-

ably affected by the strike recently, but has been improving during the last week. The market steady, and holders are firm. Sides: Irish—67s. to 775. per cwt.; Danish, 645..t0 735.; Canadian, 58s. to 705.; Swedish, 64«. to 7C--.: Russian, 48s. to 645. ' ; ' Hams: The market is o.uiet, a small bu,=ine=3 doing. The demand is chiefly for Ion" cuts. Irish. 85s. to 104s. per cwt.; Fnglisli, 88s. to 1045.; Canadian, 765. to 825.; American, 595. to 735. 1

DEBENTURE STOCK. By Telegraph—Press Association—Copyrieht. London, June 18. The Australian Mercantile Land and Finance Company's debenture stock is quoted at £95.