COMMERCIAL ITEMS.

Dominion, Volume 5, Issue 1474, 24 June 1912, Page 8

COMMERCIAL ITEMS.

IX V.ESTMEXT .SII AIVKS The sales of investment Mure? rocordcd on ■ Saturday werc'.}letrbr>:Hta.ii .Btiildini; at £12 iCs.; NritionaV.o>t6rtKaKC,.:i.t .£ a 2s;? Ghrjat'-. church Meat,, sit £15; W.cll.inK.tpii V.'collcn, prdinarv, a.t £3 75; : ..6di';.. TJ.rhgi a't £.2 lis. ; and W.F.C.A., at X 7 is. Th.e bnyini; and., selling (luotat'i.bns .\vere -.iiidor '■ ■ iiityers., 'Sellpr'p, I . '£ s. d',. £ s':, .'d'.. ■ Bar.];'lscw Zeri'and. .11 8: 0. : ~ Xational Ban.lf t 1 i N.Z. Loan and;'slcrca'/itilp fl' 9'. 6 K.Z. and Eiv'ef.'..'Plate;,,2: P 6 — Well. Trust aim l ''L'pan ... 7 1.2 .6' — Christelinrch '.ftas ; c! 17 6. O-'Q 0 ■ Jfokitili.a 5 K 5' I J ort, Glialmors' iGa.'s 0 18' 9'iXational Insurance 1' 16 9 119' 3': Cliri'.tcluircll :,;Jlea:£ 15 .0 0 . ™ ■ Meat Export .6d.) ....... % .19 0 3 O; 6 ■ jlosrjiol Wo-iUen -• 5 7 .6.■; Well. Woollen. /ord;>. - 3.8 0. : Well. Woollen'. :p'ref.) . - -2 19 0 Hiktirangi Cotft.-v'i, 0 18 9 ■— Wc.stport Coal' — 1 '8 : 6' Leyland-O'liri'eri. . 1 '» '' N.Z. Powell Wood Pr.ocpi;s.. —■ I l 0 TariiifrainuUt' Tptnra" — .2 '7 ' ..6' : Donashy Koph■■.aijd.:Tw.ine' 1 4 9 1 5 i Golden Bny .Cc s mpn't. — 1 i ..'2 6' Maiiriccville 'Lime — 0 16 0N.Z. iiruu- •- - 'J f Shaiiaiid's ordinary ■....... — ■ 1 .3 ..J r. .NXI! O. *TO(-K. The recent ii.iipteiipn, for. fhc debentures: of tile P. an'(i.'':o;., Coiripa.ny i:s £330, which . fihows a niarlie'd' -fal' i.ui. 'the .p.ricPV...of' a.j few months ".Jigp;.:. ...wlicn over £<C_q- vyas'J touched. W:li'en. :'th'e. 'iast mail dei.t, the financial press. : "it.lipii'cl'on.. v.-ii's stiil; eri-'i (bavotu-iiif: to.lind: reasons; Jcr : tho. liicr'pasp: of tlie capital. p.f''t.lie;.'coiiii'>'a'ny:'.' Tlie' a'(idi-. : tioual amount issiiiijl' ,v;as: ,1 GO.CO.Ov AccordinK to tile. "Kninnr-ml : l:inVes.' .. '.thej method of raising, tlja't. ca.iiit,;il. hasistrenstli:'.' ] ened the opih'ipii f tlie. Stock.. 'E.xcjianu.e' j that the osfe'ii.si,lil.C:' desire., .tbincrease the .cniripaiiy'b (oiieage ;Jo improve tiieV, various..'setviPes— Siajdls; fits, in with tlie!.:ilu]ilis'h'c.d' details' (if. ..thp .llii-' ancial position' '.of- Tints t.he..: account for the.-.yeri:v :ciifle.(l. September .30;' 1911, showed at that '.inie , ciish vc.-onrces: anioiintiilK tp- £2,6ts',tCtl', alid', w'i't.li. this s..ub.-. stantial iota! at tln-i!' (iispo-a!, it win argued that . the .'board could .hardly .ne'q.d . t.o raise further.'fund's V.or the. p'u.r.pos.'es tp' which tliev lia.vti: referred. The' only., alternative solution ':is' that the' c.o.mp.a'ny' desires to make''special ■■citoM's to :pr'eyeii't.' any outside parties from plvtai'niii'g... an ■ undue proportion (if tlie, capjial. ■oiitstaiid-. iug, and that the total, now about tp be issued will be .placed iti .fi.tiar.te.r.s wpil. known to the : directo're:. ,Arising out' of ■ this matter, is, •■anWWl&ipt of considerable .'..'iiiipbrtaiice... Xhe. _j.our.nal.. mentioned continues: "The usual works: of rcfsrcncc'«statc very .ilear.ly that ulic nuthorised capital .of- ; .£3,5C0;t.00 is to lie issued In cninit i.iroport.ipns of.' prcfcn-cd. and tkferrcd ' s'toe.li. .1.6 siqw transpires, however, that' a supplemental charter: 'jva's' obtained in '.19K; giviiiK f# t.ii? .b"p2.rd. :tlie power to issue;.tiic- wh.ple' p.f t,li'e reserve capital in the .form 1 of preferred, ■.s'i.ock' .'if: t.liev wish to. do- so. It lias- now.. been decided to adbpit Ujia/ouSrt. ■and:, with. T.he amount of slock which is now. a.bout to' be placed, ther.e 'will be. .outstanding. £2.320,* 050 of prcfcrrcU ..a? ..ag.ains.t £1,1.60',000 of deferred Mo'clft .A.s bptli issues pre entitled to canal votirtr . rich;;, .the roiltrol of the cpninany will ii.ai.s. ihtp'. (he hai',d9 of the nrefecVcd stocki'.cidcrs. This point has not- bccli'.. t.piijolied u'patt iii. the, verv niinicr.ous. 3il.lb.lic re.fercuies which have been liiad.e to'the cPmpa.ny-s alfairs of late. .TuMKir.:.* from continued active deaiin-.'s in i'lic. '(ie'fciircdi stoc'i, there is p 1 indication, that tlie dirocto'r.s" effort.have in any iiyay pc.rUi.rbed. tlio'se ivho have been so prohiiiifritiy aEsofiatprt ' with 'tjie purchase's of. the. company's, deferred stock of late.

This vir-\v if. ro'.n.trby.efte.d' by ;.the "'Finaiicior." which p.oifU'.s out; thh't. of: tlic. £2:665,603 mentioned a'.bbVe, £1,550, C".O iscaruiarkcfl : to reserve and suspeii-o acraiiiiii, aiiH (jood service fund, while Xl.lir:?7S if due itr 6'iindrv creditors .or credit's in open. ..account, ■wliich disivvos. of tlic. vilipie, -even if tlisscoiuoany has 1 written .si? fleet do,w.n, to £7 per ton and. owifs ValO;p)]c frc'eliold?, Is. will a.bo be rpme.nil)qi*ed. t'ha.t the company lip.s added the lilv.o iViieiror iJiiwdV Line —40.720 tons a fin/it: and .11..100 ! blvil rl in cr— to its own ..fleet watiTcut y.Tifihir; .bn'o sixpence of crinit.p'l'. s.n ti.lat-' .prarl-iraiiy it; Ims left itself oliprtv. to ft? iinthiiis of' Hie heavy ]o. : -e- iiiejir.r.q'ci .fir.c'e the if the current;, ycai;. Tli.evcfoip:, it is h.irdly necessary t,o> fliiij .'excuses for I r ic new issue on the erS'imd of "M-ii'fniug control," and Kb oil..

■ .G.ttSXOjlS. Cn.-lonis rfivc.h'iiti epiioe.iw! at f'ijd port; or Wo 11 in^rton on ?aCiirda>\ a.ii.ioliiitod in £677 19?. lid;.,, t'ise total fii.r .t'lio w.eeTt liei'ijr CS2VI 12-. 2d ; : . Tije rctiu-n- ior pn oh of I.lic nasi- eigji.t lyrtte. ci.i.iilixni-.f;li villi. llio liirnre®. for j-lic p<ir-rt:-=pohd-iiiK periods -ol hist year, sliovf -lis- uivtlor-— .35)2. 19J1. May 4 16.053 1^,70.5 Mav 11 10.339 tf.f-8Z 18 Ifl.Slfi. 1.4.95-1 sl.iv 25 ls.fi-1.2-,1 line i , ro.S'i 14011 .lime 8 -.. 15.56-1 !!,ttl Juno 15 !«/?»' Iss# June 23 SV2-SJ 9,565 I'OS.-7C3 Mff.l2B Tlic l.irir duty co!lri»ic<! liiiiinsc 1-1)? past week amounted to ££29 its,, -ai roinjiiired wit'.i £235 5.-\ for Hie corrPMVonii.in;: ived; of fast year. FKILD.iNOi- MA-ii'.KK'l' liiii'-Olt'r. On Friday.- A. :ll'. .YlUin-o.n an.4 Co., Ltd., i-pl.t! :i sisal! .entry (if nigs of indifferent li'i'ia-1.-it'-y: ■l. ) Miiul;.- flood value. The fii'ii!-. lia. ; l a. frond' ]u\n;iiior of jinn It ry, eliiefl.y Mr. iluiiioi-d's P. ii. I'li/ii-, for w*hit'll tiicr;- irtte- ro,itl toiiiji.t'litjun. Oarltcri-ls aw<f .vomiiS iift'teys Mw !jccmil.:v imiiiircd for, !'rmTuj:i' \va.-' i.n. (totil s.uii.ii.ly, all 1 iMI I .- M'll'i'li.v: woli. initil!csi'iit. «i)';.iiit'rs and ?Hp-. s s -. If*-:--.. i.l > M'i-K'i-. Vis. f:d. !:> 19.-. iit.i r-'.iilin.-. lir a C-. s'oirli.ry (»l per p'lii'y. iMU Www liens, fe, (,d..„ f.s., 9 -.; pillfel-Hv 11- 1 - . I 1!'-, to 'IfMi., averairitic: U/';-. .p*ir niii:l-: roi.-li-ere.l-.-., 23-. lo 7A-.J ?-ii- <i::- '• IV«.. fet, !'2s. oil. to 1 j-. 6d. 'Ealvle l)ii"d>. 3d-. 1.0 ■{(}..; coclTere!!:, -fid. to .V-. 9>l'.: hr-:ii:=- ; -{i] : , to 5~. 6d. iVijiid-. 'li.pi"r.fs-v K':s. fa Wf.s .pups. 7.-. 6d. to 10:- Prorliiro nnrl fr'ui.f; T'uiiipItlnc. Cl- I'H'r- s!tr.!ii h-- Eflpen WUf'MW* ' oJll'9»Sr

lii'r (isvl..; hV.-rili ~ 2h.. Git. nor '.-iH-ii: iiiilii' iiii.'.s., 9s. til l/Hf. fit I.ii'.i- ir:ii;li: Sm cirriiii-, o-.i riili.i'iii'Uii pl'ii'lifs. in. 1 !' illllHii'.'.

I'liQHtCti MAIIKJSTS. (ivy- Teiiri.ipli. l'iAf-iii-iiinnii i ; Onniaru,, .1 unc il, '.Vlieai is vll'oriiii; Fri'rf.v, bi'i.'f. , l : lioi'o iii'ii frit i'uivr.i-.'i ill IhK prices' olfcFtnfc, 'JMff lilies fiifct !i:iivi> l.ii.i. M.i -null!, riiiicitiu ni >.iai fuiiii » I" 3C -riu'lts, iiin! i-.i n Tlir. i.tviM'iiKc.. l.ii ii' i'fi .'V. fl'.i-. ji^ l ii'ii.riks i.i.l Mil'iiitiv, iiilil 'i.i 11 iaiv :iK /.'il. iicli Ivn.s fid'cii niiiil IV'i' V l :'.!mit, ii.iid oh. ill. iii'l li lii'i.'ii !icc'Oiili:i!. fill; ii lino 'ii KU sjii'iiM Hi !'■ Syjii'Jt Ciii.'l t'l'liiiiy sliiiioiij (iuinic to t'lic iSonii't. ii'lifilit. i.iio viihii 1 of <iiil''; ( /'i.i!>-(.<iiii'ill nil l.iii:. ri.i.i'ii l -' I'll AiisVi'ii'liii', oltiM-iiirfs hit riiriUT. liul- Ifiryci-s dru i'v-vi i'. 2s, Is jiiiid' fin- X (In)ill! fliii-IWiis. iiii.il Is. lid. in 2-. fin- I! ClTiiili', -.1 hu- iifl'lcT i.ii'i.iii !!; 'iu'invv >:!niiilc- i'nt.ii!.(«'.?. I'ln'v.ii ilnuiiiicil i.js, :il Ifili ii;i- [."])-!.'i-ilnl-:";. all.il id, iljis I'lSlifiitiiiil Minn' is iiii -!:='i-tii.i:i •«; jirimi riii'rj!'(' fi'in.i XI H'-. In £3 IS--. nof o« Iriii'l;.'. r„v „ .-.ml li.in- lif i)i-i".i'i'iil-'. il. vririi'iv ;,!)«• lUii. (Cf.l'i'n i-.ceii,, X 4 6ik hits iipL'ii iniiii.

SYJOTSV' SAlfKfiT. Rji'dicirrnnii'-i'i'ess Afis(i('i;ll : lon—C'diiyrj[:lit.. (Her. i'l.'imc Mi 5.5 ]i..in.) Sy.dnoyi. ju'no. '22, A fill-! her mivriroo of 6- ji«<r c vt. ill t'Jid lirU'o of iiuttci' is .pr'obniifc oii 'fiic.s.iiay. . fr.DXRX si'E;V:f QHOTA.TIO'XS, vliw. Juno 2J t 5.5. ii.ni,! London, Juno 22; Tjio Incorporafd.il Sodcty of Meat Imporuti' Sniithrield ninritct quotation's for tlio iiridcnn.cn'tioiicd ciiissca o.f fr.oz.e.n xiicat; ut'ii hat-oil on ilcliinl sales, of not Ices than ono hundred .carciif.ses. of mutton or lamb, cr t-.vc!!ty-fivii quartern of beef of fair aver■a'Etii f|ualily.' Tlio. quotations are not selcnt,.!l line's, but for parcels fairly representative' of tiie' bulk of the sh.ipiiieii.ts: now on tiid rnarklit. The. pri'ccs wliicli follow .are oil'' an' average n farthiiii.' iier, lb. more.' than' the vulii'i ei .-hip, this dillnrcne'e re bre'=clitiiis die 'average. .co6t in: eiiiiin'ECS, hmulliiiK. qoU'iifiy.iniQe. ajid snljiui: the. UlCilti — . llutloj:— d. C.anlci'bui:y, lißi't, ']il Giiirteiiiiiivv, jimdiiiin 1,, Citnlcriiury, heavy oj Soij.tliiiiiid ii'li.'lS' North Island, bwi iivi N'o.rl.li Isifiiid, ordinary ; y-16: Aiistiialiaii, light — An- Iralian. 'heavy liiver l'lii.tp, liK.ht ... lipiiQ 1 oflenns. Jfi'v.er Bl'a.'te, heavy Kc\v Zb'aliiii'd eiv'PS ■■■ Aii,stnvl'i«ii 'it KivcT Plate cvves «> ■ LriiiVii— ... , r: Gaii'cfhury, light. *J. Cantcj-biir.v,. tiieiHum ">k Canterbury, heavy ■Sbtit'iiland »* North- Island, onJiPßty a North 1.-laiid. selcc.t.e'd W, . A.ustrali.an, best Australian* fair ••••.• 9? Aiistraliaiiv inferior .... none otterjng;' Iti.ver I'l'a.t.e, fii-s.t 5i Jiivcr i'late, stfdoiid i>li'

Bp'ef— ... j, y.m .Zealand ox -.fore? -a* '■New Zealand ox Ji'inds .{jj Australian ox. '.fores is Australian m Kind? 'J I'iv.cr ' Plate os ..fores ..Ui.i *.■.■- 3i ltivcf Plate ox. hinds «a Jtiver Plate. chilled f.ore.s , -aft Jiiver Plate chilled hinds Rabbits.—Business on. spot is .'insigniri: cant;:'' :16.d.. iU.f. is -tusked, for 1 Sy'diieys' for Angli'si delivery.

Sew Zealand Loan' and Jlercan.t'ilc Acc-upy Company, Limited, have received the following cablegram. from their London house, under date June 21Frozen llcat f UJlVe' marliet' tor m.ut.tou i.S'quiet. but tliere 1 iS ii, good .demand; .for. lamb, There is .a fair 'inquiry' for beef (si.te).,