COMMERCIAL ITEMS.

Dominion, Volume 5, Issue 1482, 3 July 1912, Page 10

COMMERCIAL ITEMS.

INVESTMENT SHARES Tho sales of investment shares recorded ve.v l>ort ' 52S * 6d - Psid ' at "^i i..ntl fcliarlariflfl ordinary at 2?s. The Imvins and soiling quotations wore as under: Buyers. Sellora. „ £s. d. £s. d. Bank j\ow Zealand — 11 9 0 Jvatioiial Bnnlc 63 6 64 6 «-'4. Il,vor p)ate 2 0 6 - Wei. Investment - 011 6 | eliding Gas _ l t. n Hokjtikn. lias 5 15 0 National Insurance 118 9 119 3 Standard Insurance 1 10 6 1 11 D Cnristchurcli Meat 15 0 0 — Jjeat Export (525. 6d.) ... 30 0 32 6 Union Steam 2 5 6 — Mosgicl Woollen ~ s 7 fi Well. Woollen (ord.) — 3 8 0 larinpaiuutu Totara 2 5 3 2 8 0 Uonaghy liopc and Twine 14 9 — D.LC. preference 12 6 — Golden Bay Cement — ion N.Z. Coil. Dental 10 6 110 sliarlanda ordinary 129 133 Ward and Co 50 0 53 0 V - F -°' A - 7 6 0

BRITISH INDIA STEAM NAVIGATION". The report of the British India. Steam navigation Company for 19X1-12 shows a. profit <jf £137,500, after allowing for de-.'ncrc3-sing the reserve fund b> feSMMbringing it up t 0 ,£SDO,OCO, while XlcD.ooo ims hi'en tran.-frrrr'ii to insurance fund, making a total of £552,700 fit credit of this account. The dividend on tho shares is made up to tho csual level of 7 a per cent., and there then remains to bo carried forward £15,7C0. That the company has made groat' progress during the past year is evident; nevertheless, it is rather difficult to understand the precise position, for the balancc-idicet shows, on the debit side, "debts and liabilities, including bills payable, remittances appertaining to next year's accounts and smidry deposits _ with tho company, £1,127,218.'" What this entry moans it is hard to understand, a.nd to group eo many items together is, to say the lea-sl of it, very confusing. Another matter to which attention I may be called is that, after malting the I very substantial allocation to the insurance fund referred to above, giving, os already stated, a total of £652,700 at credit of that account, the directors find it necessary to state that, "even at this figure the insurance fund will be none too large, in view of the fact that the company carries til" entire risk of the fleet, and tho directors will be glad to see it materially increased " The board appear to have realised very suddenly the insufficiency of the insurance fund, though, possibly, the recent disasters experienced by other companies may have quickened tho perception of the directors in regard to this essential matter.— "Financial Times."

TRADE IN ALLEN STEEET. Eggs-Fresh eggs are in - good demand at Is. od. to Is. fid. per dozen, with preserved n£ le. 2d. to Is. 3d. Margarine.—Scottish manufacture, in 281b. tins, is quoted at Bd. to Bid. per lb. I/ard.—Best factory has good inquiry at Ed. per lb. Cheese.—Best factory, medium size. 6jd. to 7d.; loaf. 71d. Tile latter is in short simply. Butter.—Prime milled, in 561b. boxes, is in good demand at Hid. per lb. Hay has fair inquiry; rye and clover hay is quoted at £5 to £5 10s. per ton. Clio ft is in heavy supply. Prime oaten sheaf, £o 10s. to £5 155.; medium quality, £4 to £5, sacks in. Feed barley is dull of sale, at 3s. 6d. a bushel. Cape Barley.—Very, littlo demand, at 3s. 9d. to 4s. a bushel. Oats.-Thc market has declined. Seed Algerian, 3s. 2d. to 3s. 7d. per bushel: short feed, 2s. 9d. to 35.; linn oats. 3s. lOd. to 3=.; with lower quotations for damp and damaged descriptions. Oatmeal is in excellent demand at £14 to £14 10s. per (on, according to brand. Boiled oats and ontina, in 41b. bags, are quoted at 9s. fid. per dozen. Maize is slow of sale, at ss. fid. per bushel. Onions.—Prime quality has good inquiry at £10 per ton; inferior, 4s. to 7s. per cwt. Barleynioa 1 is in moderate demand, at £7 ss. per ton. Pollard is ill good demand at. £7 10* per ton. Poameal is steady, at. £7 ICs. per ton. Iticcme.'il has moderate inquiry, at '£6 per ton. with rJceflotir at. £6 s=. llran is'in fair demand, at £5 15*. to £6 ss. Potatoes.—Stock? are now much lighter• prime qrality table potatoes arc nnotnd at £5 to £5 10-. per ton; with inferior sorts at ss* to 7>-\ per Split pci.s are meeting with fair business at 17s. per cwt. Prussian blue pecs arc rather slow of sale, at f.s. 9d. to 7s. Partridge peas are quoted at 3s. lOd. to 4s. 3d. a liu-hel. Owing to tho comparatively low price poultry-keepers are operating rreelv. Wlmle Linseed. —Prime qinilitv, I7s. 6i! to IBs. per cwt. Linseed Meal.-'J'he current quotation is 225. per cwt. Crushed linseed cake. 14s. |kt cwt, liimecd nuts. 13.-. 6(1. per cwt. Fruit..—The Nn-vua is due to-day with transhipment of Tslnnd fruit ex Talune at Auckland. This should irai-h a f-iir market, «nd if the fruit lands in good condition satisfactory price-: mav he orWted The «<<iui?r due frow fiyduoy t/wl.iy it btlcjins mandarin*, fruit, pins.

apples, and lemons. Daily shipments of apple 3 are coming from the Motiteka. district. and drescrt applet from Port Albert in the Auckland district.

Consignments of cauliflowers, parsnips, and eelery arc recommended. Cabbages continue in full supply, nnd white stouo turnips arc also plentiful. Customs duties collected at the port of Wellington yesterday amounted to £1474 2s. 4d. CANTERBURY GRAIN MARKET. (By Telegraph,—Pre?'* Association.) Christchurcli, July 2. The wheat nnd oats markets still remain m a very dull state, with little prospect of any immediate improvement. Oats, if anything, are a trifle weaker, hut there is no change in wheat. Oatsheaf chaff is very dull of fak. There is more inquiry for potatoes from Wellington nnd Auckland, hut buyers. there are not offering any better price?. The ri=e in the price of potatoes in Australia has revive* interest in the question of making shipments, and tho report of 2COO sacks having been rent from Timaru is oteo stimulating local merchant? to go into the matter more fully. The difficulty, they say, is in getting supplies that will be likely to pa??, but there are one or two districts, where tne crops are retried to be cJe.au, where supplier may be obtained if the growers are prepared to give the necessary certificate. Iho bags require to be new, and branded with the special Commonwealth hrond. The price remains at £3 at country stations, WHEAT AND FLOUR. By Telegraph—Press Association—Copyright London, July 1. The wheat- and flour afloat for the United Kingdom totals 3,255,000 quarters; for the Continent, 2,560,C00 quarters; Atlantic shipments. 2^9,t00 fjuoaiors; there were no Pacific shipment?. The total shipments to during the week a.mounted to 1.205,000 quarters, including 235.000 from Argentina-. 220.000 from Russia. 130.000 Danabian, 222.0 M from Indie, and 77,000 from Australasia.

TALLOW. . (Rcc. July 2, 10 p.m.) London, .Tuly 2. The tallow stocks on hand total 4642 ton?; tile imports amount to 133 tons; and the deliveries to 468 tons. METALS. (F.cc. July 2, 10 p.m.) London, July 2. Copper.—The supplies on hand total 4n,485 tons; deliveries 50,297 .tons; stocks, 41.593 tons; afloat, 6CGO tons. Tin-Stocks, 14,202 tons; on spot, 3652 tons; afloat, 4098 tone; and deliveries, 3068 ton. MINING NEWS. WELLINGTON' SHARE MARKET. At the morning call sales were reported of Talismans at 425. 6d., and Waihi Grand Junctions at 225. -6d. No transactions were recorded in the afternoon sitting. The buying and selling quotations were as under:— Buyers. Sellers. £ s. d. £ s. d. Con. Goldfields — 014 6 ICuramii Caledonian Oil 014 New Rig River 4 8 0 — Ross Reconstructed 0 5 7 0 6 0 Talisman — 2 2 6 S>ihj i 15 9 1 16 3 Waihi Roofs 0 0 10 — Waihi Grand Junction ... — 12 9 1 Waitangi 00 6 00 l\ The Wellington Stock Exchange received the following telegram yesterday from the New Rig River Company Juno return: 680 oz. 9 dwt. melted gold; 647 tons cyanided for 650z. lOdwt. bullion; total value, approximately, £2900. j STOCK EXCHANGE. ' (By Telegraph.—Press Association.! Auckland, July 2. Business done:— Saxon, Is. 7d. Crown, 2s. 9d. Talvsmrui, £2 2s. 6d„ £2 2s. 3d. . Union fiteam, £2 6s. 6d. Auckland Trams ford.), £1 4s. The following business wa-s done at tho 3.15 p.m. call to-day;— N.Z. Crown, 2s. 9d. Taii?m.an Consolidated, £2 2s. 3d. jroanataiari, 2d. New Suece<i? t Id. Northern Steamship (con,), 7s. Auckland Tramways (ord.), £1 4s. 3d. Duncdin, July 2. The following sale was made on the Stock Exchange to-day:— Waihi. £116s. 6d. Tho following-sales were reported:—Rising Sun, £1 lis. 6d. (two parcels!; Wo.ihi Grand Junction, £1 2s. 6d.; Standard Insurance, £1 lie.

WAIHI GRAND JUNCTIONS. By Telegraph—Press Association—Copyright

London, July 1. Wa.ilu Grand Junction shares are quoted at 21s. 9d. (buyers) and 225. 9d. (sellers).