COMMERCIAL ITEMS.

Dominion, Volume 5, Issue 1472, 21 June 1912, Page 8

COMMERCIAL ITEMS.

iXYE?Ti\ti:j;T .split er Sales of investment shlires r.'e.cbrded' yesterday were ■ B'iihk'. bf;..Ne,w Zealand, £11 13s. cum dividend:';: National "Irisura'i'ice, 39.5,;' and W.F.C.A',.. £,S'. ." Th.a. faiyinp-'an'rl Ecllinsj quotations were as under; —' IViiyers. Sellers', ■£. p. d; £ s. .'d'..' -National Ba'nk ~.. 6 0 .6 Metropolitan 'Buil'ding' ~..12 8. 0 — National Mortgage' ......... — '420' A'.Z. and Kivef. "I'iate ,-,., — 2 d 9; Well. 1nve5tment"'.,....,..,..! — 0 11 U-i Well. Trust ami, lib.au ...:•- 7 12 6 -• ■ I Christchurch Gas' .8 17 6 .9 0' *. Feilding Ga's' : -- i 1 6 Palmer.-ton N-'. 'Gas — S'i 0 Well. Gas (£10) „,.....,...: IB- 5" 0- ■ " - Well. Ga.s (pref.;): ~.' -1 0' 0 11' (V National Insurance 1 — 1- -19 O'-' N.Z. Insurance.: ~.,,., - 4 17 0. Christehiirch '.Meat. ;,..,«.,. W: 1/ 6 - X.Z. Shipping'..'.,. ~,, ~ 14 10' 0: Mosgiel Woollen:'. :,.,.:.. 3 7' 3 3 80" Well. Woollen." (brd;) ■■..,:..... 3 .7 0 3 8 IT Well. Woolleu' ;: .(p'ref-;}' ' — 2 '19 "oUikiirangi Coal ~...:.:„..-.„. 0 18 6 Leyland-O'llripir. ~:.,..;..,., — .i 8 .0' Ta.ringamtitu. Tbtar.il .... 2 8 0 ■ Golden Day CoinphT s . ~ i 2 9 N.Z. Con. D.eni'a'i;'.:.,.,.:.,.„ 10 0 1 t 0 N.Z. Drug V,:. ...„■„■..■■:,......,■ — ■ 2'li S Sharlaud's ordinary-' '' ~.■.,. "— i" 3 3' SYNTHETIC lil|liliEj;, Coiitiiiuoiis;. ; 'eiyp.r.ts: have p'epir, ma do ever since the rubljc'r;.'b'b6ih'l'tb;;'(li'.scbvcr a .lpeaii's of propa.riiigy.artiiicial.ir.iibbeii, 'riiiiiflie an-, nouncement .of;':Prbfesse.i:, w. Hl' Perliinv :bf Manchester, .'ofr'-Jlie rfdiscoy.etvy. "of; •;sy..iith'et.ic,' ' rubber, which';is''apparenli.v''.mQhufa'ct.t!'red'' from the starch'^of;riiai-/e. '."Tiic're.;i3:.a!;o.a process to be : .:'ex'ploitc(l:ori- t-lic .Cbiit.iiien.t,. According tq.-jhc'. ]!o*tcrda'm: , ''.Lieuwe;. : Co.u-. rant," ui'tificlal;lriibbef;...c6ri'sis'tiriß".in,dihiy of fresh seaifißhf'an'd. -also-'.containing".the, natural at a place c'i'i!le'(l.'' , Y.i'n.uiden'; .Llt'-iclriri'''ensily hc heat. The co'stl/of.; product io n''.'is'':i six/"timesless, secondaryv'.piodiicts— etc.—bcini? obtained 'in'vihc ..'.process:',. ,/A. Dutch Universityiipi'bfcsso'r.'.llK 'fYande'r'; heyden, is ci;edited' , ..,with' which will be;comhicrcifilly'explpite'dsby "% limited liabilit.jv:''com!iahy.:':.'un'de.r ■.',th.a , : fsCii-. oral nianagemcn't'.'.bf ? Aaipv; :: aii^' Austrian.: A reprcscntat'iyo ;.of i'the'''liieuwc, ;C,oiirant''' was shown a':spw;iuienv-6f-;lfip',;fiflf'V. : r'ul)bbrv. which loDks'. : ' : ;like.,- : the : real : '''..'fhipg;'' bift;—; smells of fisli'.i'. ; . ; Still.'".!,deodorisers iifc' :,not unknown in,.the' v fhe,mic.al.:wbr,ld : ;;.jiud ; .:the' directors of .■■'tlib.Ajpmpaiij'vfliit.ter'. -. ilie'ni'-. selves that tlie'.rish, fulib'pr' ■'jv.,ill'e.veht'ual'y : ' emerge blameless-'.'as' odour.

CO-OPERATITK CKEfil.T' .SOCIETIES. . , At various;.tl!nes: ; crfb'rts'.'.h'ayp.'beon m'.a.ap',' to establish cb*q'pcr.\t.iv'e'.'bfqdit" sociß.tiqs : -*jr; frtrmerd' bank, V.an.d::'' flic. Eaibjeet'-wa.s. .recently disciis?pd.lhy.yfarnicrs ! AVales at a 'reYc.riUcbn.feT'piic'e';-..'Kimilaij i'sbv pieties are operating'"successfully.. iii 'fier'- : inauv. ais thev arc'. ! 'term'eil.'?.are;Uo<i6tis9;.:of.ta''hi'i.lics. The ineiriberS'-have' mortgaEe boiVds,.based..upoiivth'eindrtjracfes',:' held by tlio':,."a'ssbcia;tioir.V,;. i (writes the "B'a'nkors.V-MaEazinv;';';'' ,bf'...:..Ne.\T.: York), are pt'u'aranteod;i)y.'.;aU tha association';^-By:'virtue; br.'sucltf'atß.iiarV antee the bon'dj^a'i , e ; . : 'readilx : jE«leal)lbv.ui)Qh favourable terms':. throughou'V'tiie - : :?:m'piro to banks aiidfUlti-classes' 'ofC'iiivos.t.br.s: ? ■ .By means 'of thesc'-' : .'b'6hds'.,iand, 't,hp';'c6ndifi.q'iis; under whirtis , ,they„saV«yiasiica7:the;; , .fa"Tmpra bolongiw; to *thV^assbqiati6ift\;caii ; '<ibiiiiriand : the money raa'rket'.as readily, as-pi'eat :busi:,., ncss corporations i.pr'-ihiinicipa.lities;. Th.oE'e who join the.:';a'ss.peiatipn mUs>.:ii.ayft',tlVeir. egtatcs apprai/eti; '.■and : ;they.' .'a'rei.p.brniittcil' to make toonc-lialf' pr.. one-third ot ;:the..;-a'pp!:aised'.ya'li'ie'.'.pl their land. The the,' responsibility for'ithl>:-pa'y.men't ; .; ijf' the: 10.a.n... The assoeiatioiW'pays'lhe. interest ,and: also the principal!.wheiiilhc;; for'jyfilch. it is; t'b l imburiscd byrthpl'liorrciwisr, ' As ai.l. those who join tli3, : 'a'ssbci3tioii;.'' : iibt'(V u'apitSl,-' tlio initiation fcp; ; is',talculaled. -at.'the. Tate... qf one-tenth of .■p : i'ie' i 'p i 'ert , e.ent;:..o'f'.th'e' amonnt borrowed. Jlor.t'gag'e .b6rids,.',a"re' "i'ssuecl. in-denomination's;-.iof: 1 ..5!)00: ''marks ' (5250), :-2O0O';ICOO, SCO. and ■;200'..",marks,,:in;f6.ur..cra'5scs: .bo'-: in.; J per ceritv v 3s; ! pcr,'eeh:f-.. 4, per;, .cenf;.-.' or 45 per cent;''.lnterest.-. .-T,Hp' : . bonds' ; .'are.. quoted and sold: inV-firian'e.ial Excha'hji!?, 'arid, find a ready iria'r.kcf....:The; assbpiatipii-'guar.:-: anteos the paym'cri.t.,'.b'f,'the.'.'b6ivds when-'diip;,. If the capit-al-of: .the, 'assp.ei'alibji;'is :not' s.ufflciont for the- , p , .ufp'b?s■';■Vth^n , )!th"pj;jndJ,v'i3 ,^a4, members hec'enie v o jointly.,'' liable." :'fa., {iii. amount not tb : ;.Wxceed v s' .per" cent, of the money lent, inba/'-nbt... repaid; The .tqta'i amount cf the bonds'of -the' ass'6'c'ia'tioi?.:ih'. circulation miist-''iiot;, he ,;in. 'excess. of;,-'t.h'e\ total amount- k 6f- .'the.'' injortßaßo: claitna against its meihb'ers";i\vliich-:th6. fisrociati'ori; holds. The bonds -are; red.ecnialj'ie ,a,t intervals, the numbers* "ceins .drawii-"by. lot;. If the mortKagpr.-fails'.to' ihc'et' liis pblisia.-: tions to the association:ii.may;:doina.ndXu-J----payment of the 'lp.an, upon, six- mbiritlis.' riotie'e, and if pa.v.iri'piVt is-Mot then,made the property is s'p.idi ■', '.

FRENCH I>".CtiJt'E;'T.AX. Arcording to .'.i- new .proposal, ceeentlj submitted to the French boncls issued by foreign. Prtivi'ncia'l States,, foreign cities, find joint, stoe.lv 'companies,- when, negotiated in F;r'.ancc.,.'arVt>b he an~ income-tax .of.' 1.2 .p'p.r.'..:cen't.- .per''ttiihiirn. on (lie yield. All pilfer, taxes to .be abolished. Foreign companies: ..havirii: branch, offices in Fra'ric.o arc,.to; .pay' 1-3- per ceh,t. per annnni, instead, of 4 per-.'-ccni., -as hpw, on a certain-.-jiropartipn :of : iffc.fr anfri'ia'l. profits. For- ihsfaiicc.. an. .English;- company with a. c.a'ni.t.ii'l .o.f .£:iCC.QQO, ha'vihg <i:hrancli office i.ii; Paris; 'w.h'i'ch. office' 'nad utilised £ IO.CnQ- bT.,;.t.hc, ..total capital, would' ho taxed 12 per.- cent, oirpnc.-t'erith. part of the total annvoi , ..p.rßfits'.;of tlie. .compaiiv.,. where the Paris. 'jjraiif'h- had been., run if a loss or a profit,

All foroiuu. se.cui'ities. fliioted or- .negot.iahle in Frnrfce and lioiv' dqa'lt with -iin> der the "alionnemeifj" liV payment of ail. -ahiiiiii'i ; am.ount. .accbVdJps to tlic number n.f. ..bpnil.S jay ehare.sV riego" tiated. it is .' prop.o.se'd: shall 'iia'y Si-.for-Bearer bonds- or 12. :p'6'r: cent, per annii'in.: on'.'the. -net .aiiniiiil'.- yield. In cases, hov.eVcr, Ayhe're.. '-siiHi' 'fb'rc'i'ijn' companies elect;: 'to . Cft'oJjli.shr a 'transferoffice in Franco under ee'.r'fain .cofiditigiia to be determined, sii'fli foreign. Mib'h'ds" o.r shares s.hal-1 IV.e' to: -r.eSisternd stock'; :n,n"d : Flfiilf pay : .ail. ihcbiiie,. tax of only .6: per r£n.t„, plp-g. ri. tf'a'nVfcr fee p?r unit of 75 cei)'.f■i.'nlc'p , ■ p.e.r IC.O fra'ni's on the negotiable, vaiue -flf the bond" pj-slio-rc.

THE RlttTtl-FITAh JUNKET, According to tliti annuo'! .report "of the Central .Markets ttirnhutiee M toricloi) ivliicli -deals witti i'ljo: /.jpcMMfcliK a-t- fliii.itlii lifld. I hi' tot;;il s-iipply . iif Vvheat 'n.iit tliroiizli that lriii'i'k'bi ititcintr 'i.9il •155.316 tons, a* ;ijiS'iii'ijt' Ai\.l'-i ions iii 1910 -Marlicl iTi-CMPts- jiinftiinteii: .to. JuW6.7)'2, a-* compared willi. ;d14.\&2 fpr the'ii'i'i"vliihs vi'.">-. 'i'lii'. i;(i<-r(}ri=(. \u flje iniaiiiijv of meat disponed qf. .'is titt'riiiuiod (o Uoavti-i----receipts from Argentina, ami: I'riijjimy. Supplies nf h'jinie .li'rtiwii meat, wlitm eel (tltiiiiirt llio'c for IDIS. were <tlfi t.on.s lower as far as beef' was cotiOriiod, hut in ijvit. ton there was a- Kail).of ■ &§ .tn'nj, ,r»iitl J;,t pork nil increase of 2355 trtiis. There 'was a falliiiß oil' qf »:JSS H'plis iii. tli.e Ktipplv'nf froslilv-Uillcd •''■fdrei'{rn" Ticpf, O.WI nf ' 1939 tons ill mutton ramiiiß tmder the papie liesisriuiliuii. The .J'ot-ijl suinify ,ol friiili killed lieef. miijtton.. ai.Vd. piii'ls from ;ili sourer weighed toli.-i., tis 155,031 tons in .19(0, arirt liv : rHsh>ljfed : ini:a*; of all kinds a.nioinite.d to .56,3 p.ef ee.nt. of tile total eompfireil wit.li 53.2 iier ccnl', in' Hio previous vea:r'. FuLi.V* ..SC' per eeni i-i' tlie 334.685 toi.» of co.U.iiii.al Jinjl tnirign product! which po'.-?e.d t.hrx.!i!>;li ilia market la.-I year w:n trafiSpurfed. ivy iiieaii; of refriirei'Mtion, and Ike. re.p.o.ft. i.neii.ti(iii« tli.e sieniflefliit fact, filfit •■■t'hi'. iv-liiile Hfppfy depends upon uno'li-'tri'iei.e'rt. sc;\ pii t.«:i R( raiisin:.' up to vojSi.g;er. of ?i,y weeks' i!rir:ition." North Aiiieric ti.v .ciintrihu.iiVas . c ,i n '. tinue to diiniiii-l!.. anil. Ilifcrie a.fe .Hated lo have lii'fii ■decre r.-rs :i.l.':! i.'a flie (nfm\L titie- fnrni-lied iiy ruiinii-io- hi. K.rirope and h> AunralA'-hi- Thr :i'n.e:rea>r in t)i? South Amnrlcmi lotals hinvover, Jaaotii than covered the deflaieu'eji

am pax v .lr.i-:«i.S'j.'KirF;i). Iji llVi: :iirf of cpiispaities ipfriafojpjl.. pith. IMiort in- tltis week's "'Merca utile ffMfl-He,''' there (ipueMs flip fo.l'lovvi.iitr--— Garratt's llrenchcs, Lid, lic.girfo;red n,s a private (■,h.nip:rn,V. ,Fuho !'B-. Capital, £iSm, lUvided fllt-i) 120 shai-es of £'0 oni.-h. Sir.lifpfillCtiS:—Tftihflpp: T. A. Cjirrilll, 60; T>. li. Finch., 10; A. .lanies, iO: A. .L'. Arrowsmith. 1.0'; G. Wripiit.oh.. i-O-t'H. .1. l)hi,rrM\ 5-; V. -P. .fimilfir. Hi. I'ij-MuiliH: .1. Old, & Ob.joc.-t: To egi'ty into--liflVca nil ngreeniPii.t lieiwec.n Thonia-.s Asl.itoiu <Jo,rrilt of oiiepari'., anil Jlolicrt- -hilin nn -hi*half of the; cc)nip.Tn.y, for the purchase of the business, of a. inaniifnctiirer and vendor of veterinary ineri.ii-in.c.s, now carried Qii by T. A, Gar-rais a; Taihape,

Trade ill. the d-liv as between merchant and. retailor to slo*v, i,!, js hoincivli.it be't-ter ill Ijhc country district;:, but there ar.e more demands for credit than: was file rase last. year. The dujliioss .in fire eit'v trade has been, a feature; since, 19.03, wlieii the la.nd Irdtini collapsed... Mftny speculators are s'tiU nur>ing. suburban section's and cvpii house property, with JiHla 'iiope iff recovering tire original cost for -sSi'iie time to coihe.. 'JTliO easy termrS of payment o.f the. land boo.nv art now being found to be vei\y tirfcSßms.

Customs .duties, collected at the port, of TVciringtbn yesterday amounted to: £l'3o'B 15s. Bd. .N-.Z', Atffl K'IVKP. PLATE 00;. f'By fqi:c£rr.aph.- : i'rcs's AssO.eiotion;!: ■■Auckl'arid'v ilune 20, The New Zealand atid' i'liiye.r Plate' Land Mortgage Company, .Ltd., ariho'unccs iii ■interim dividend, of 10' per cent, per eii-■ Tiuiii for the six. hspriths. ended Apr.it Sfj AUSTHAJyIAN' P-RODUCE "M'AII.KET'S', By Tel.ce'ran'h—Press Asaoci'aiionWCo.pyi.ißhv (llec. Jiinc 2Q, id p.m.:). . . Sydney';. June : 20. . Wheat, 4s. Jd. to 4s. 4d. "Flour; ,city brands,. £10:. country, .£9'' 17s. 6d. ' Ilran,. £7:, Pollatrd, £7 : ss. Oafsv X'lge.rian feed-' l'tigi 3s. 6d. to 3s. 5(1; .'e'e'ediiig. 45.; New /.caliiiiil whites, if. sd. )6' 3s.' 6'd..; Cliitits', fc; 6:1. Maize., ,4s. iid. tio'S's.;. '■Bn'r.lH''"ii'iiot!iti.c.hs are nominal. Pbtatoe's, Tasui'aniari, £11. .Onions., Victorian,, .£l3. Bu't'feiij ■sei'jct.ed. brands; :i'34's,.;;/pr-im.o,' I'2o=. to' 1255. Cihccs.e, lCd. jo 'Md. Bapoiv, '5Jd. to ■6Jd.'' Adelaide", June 20; .Wheat. H. Flqur,. £8 17s. 6(1, to £9 2s, fe. lli'aii and pollard. Is. 6,d. Od.ts, 3=. ,6<l, jtELßopiftri; .iniiEs U aHket. (;Eee. Juiif:' =20; .10; p/ra.) . . M.elbour.'no,. June; '2d;'.. : ..Hides svqre in moderate supplies' at to■da.y's sales, liut the market -,vas diill, "aSVI prices were: fiilly a farthing;. Ibjvcr..' ' . LON:DOn t ''SIAKKETS-. sSiLYijii, By Associa't.ion-Copyritht,.

tohtibn, .Ti'ihe- 19';' . ■liar sii'Ter 'is. quPlftd n'i ■ -28j'd. per' buh'ec■.staii'd'ard-,- : TAIiLOW, . . • There wcrp jib tallow' tales, . , WH-EAt, An Australian, wheat, cargo 1 has bceii 'Sold a.t, 4C6.. 6d, per- ptialV.tpr'. ' ;i;l!'ec. Juiie 20, io' p:,ni..)- , ; ' Lq.n.dorij. J-uno. :2"d: Wheai'-.—Tw.P. Australian: ■ .cargoes have, hcoh ,-sold jit %.. U(L tiiid: -425. '6d.. per .quarter-' resp.ectiV.eiy,'' ■ ■ ■ '■;'"'. The: Ame.i:i.can .visibic .s.ur.piy o'f wlieat'-i's 51,912;.00ft b.ii.shpls.,- , "-.,' : 'The .New' .'Zealahtl. J/o,a„n: find', .Mercahtije' A'gen"(;j\;Co'm , pa'ny,::;Limite''d.- .-.liave. 'reeeived.the fbllowihg .eirblcpra'n'f.,-front: their :l.eri■d'on . hoj'ise, ..under'''.:dat.e;'--.7tine .19.:".Wheaf-: "Wc haA'p, sold an. Ai.ts.tf'ali'au. :ca : rgo.-:at : -.405. ;6d... 'c'..i'. : f^' T.hc. market: .is' r}'ui'et;'.'..liut' steadv; ' p-iying to buying-.' and' the piitlpok'; ,-:is,■■en'cbura'g'ing'. ■. ■~: