COMMERCIAL ITEMS.

Dominion, Volume 5, Issue 1514, 9 August 1912, Page 8

COMMERCIAL ITEMS.

INVESTMENT SHARES. A sale of Wcllinptoii Gas, £10 paid, at. £17 17s. 6(1., was the only transaction recorded yesterday. The buying and eelling quotations were as under:— Buyers. Sellers. £ s. d. £ s. d. Rank New Zealand — 10 17 6 National Bank — 6 0 0 Equitable Buildinc — 10 0 0 N.Z. Loan and Mercantile 0 9 0 — N.Z. and River Plato 1 19 9 2 0 3 Wellington Investment ... — 012 3 Well. Trust and Loan -- 7 17 6 Pcildine' Gas 11 I _ WeiL-. Gas (prof.) 10 0 — Meat Export (525. 6d.) — 3 3 0 Standard Insurance 111 3 • — Hopciel Woollen — 3 8 0 Well. Woollen (ord.) 3 10 0 Woll. Woollen (pref.) —, 2 18 3 Hikurangi Coal 0 18 3 — Taupiri Coal i 12 6 Wci-titport. Coal — 18 6 Taringamutu Totara 2 6 0 2 6 6 Donaghv Hope and Twine 15 0 - Golden Hay Cement — 110 N.Z. Paper .Mills — 116 Sharland's preference ... — 13 6 COMPANIES REGISTER EI). In the list of companies registered published in the last Hsiie of the "Mei-can-tile Gazette' there appears the following:--L. C. Austin. Ltd., registered August 7. Capital £2000 into 4CO shares of £5 each Subscribers: H. I). Vickerv. Y. C. Palethorp, C. H. JfOill. 11. X.'Pletrbnr, E. P Pearcn, V. W. M'OiH. W. J. Howell, all or Wellington, 1 share earn. Objects- To acquire from E. C. Austin, of Wellington, inventor, an invention called '■improved mean? for facilitating the opening of cont&inera.".

Pakira Land Co., Ltd., registered no a private company, July 16. Office: Napier. Capital: £20.000. into 200 shares of £100 each, riubserihers: Eveline Catc, 40: Isaac fiihhcs, 120; Charles Houghton. 40. Objects: To purchase, lease, or othenvko acquire, llold, sell, develop, manage, work, exchange, turn to account, dispose of, and deal in land.,-, etc.

John 11. Fairliiinst and Co., Ltd., registered an a- private company. July 31. Office: Petition Street, Danncvirke. Capital: £8000. into CNM shares of £1 each. Subscribers: John 11. Fairhur.it, 15C0; John Hinrtmarsh, 10C0; Francis J. Knight. K0O; fihnrlns lindderlev, 10C0: Arthur 11. Knight. MO; Wilfred Eric' Knight, 500; James Armstrong. 5"0: Charles E. Haines. Charles T. W. Haines, 500; Fred. Craven, SCO. Oo-jecU-To carry on the business or trade, of timber merchants, builders, sash, door, and joinery, and general woodware manufacturers, plumbers, brickuiakcu;, painters and etc.

Eennitt and Punch, Ltd.. registered as a private company, August 3. Office: Kangataua. Capital: ,£IO,OOO, into 2000 shares of £5 each. Subscriber's: J. F. Punch. 1000: A. S. Bennett, 9o0: E. C..Bennett, 50, all of Ilaetihi. Object: To acouira as a eoing conrern the business of timber millers, timber merchants and farmers, heretofore carried on by A. P. Bennett and J. F. Punch, under the style of '■Bennett and Punch," at Hangataua.

■WORKMEN'S COMPENSATION. •Jn the last mail tot hand from London references are made to the unprofitable results to the British companies of insurance agonist workmen's compensation. Startliug additions, it is stated, are being made to premiums for this class of business, and there is a chance that unnecessarily high rates may he demanded. At present the companies concerned ore in a. chaetened frame of mind, having learnt a lesson from past experiences. The highclass non-tariff offices are charging almost the tariff price, the saving, in fact, being hardly enough to attract insurers apart from the personal influence of their representatives. At the same time the public have been so alarmed by the failure of weak offices aud by the disastrous reports of some which have kept afloat, that.the offer of a notably cheap rate is regarded with considerable suspicion, and is often not accepted. It is pointed out that a moderate rise of premium ail round would cause no great disturbance in the relative position of the offices, but an unduly large increase would have a very different, effect. For example, if it is found that a 30s. premium should be 42<3. to cover the risk and leave a profit, the new rate would probably be paid with only a reasonable amount of grumbling, but if it be made 60s. there is room for the non-tariff offices to come in and make a profit. Attempts to exploit the public in the past have nlways led to an orgy of competition in the insurance arena, and such would occurr again if circumstances warrant. Evidently tho adjustment of premiums for coyer against workmen's claims for compensation has yet to be made in London insurance circles. ' ARGENTINE SHIPMENTS. The Department of Agriculture has received the following cablegram from Buenos Ayres, dated August 6, 1912:—The shipments of produce dispatched from tho Argentine to the United Kingdom ports during July, 1912, compared with July, 1911, aro as follow:— 1912. 1911. Frozen beef, quarters 192,000 141,000 Chilled beef, ouartcrs 220.000 215,000 Frozen mutton, carcasses ... 228,000 216,000 Frozen lamb, carcasses 59,000 89,000 Customs duties collected at the port of Wellington yesterday amounted to £2288 6s. 4d. WELLINGTON FAEMEES' MEAT CO. (By Telegraph.—Special Correspondent.) Masterton, August 8. Tho annual meeting of the Wellington Farmers' Meat Company was held to-day. The report showed that the company had passed through a very successful year. Messrs. Walter, Cameron, Hugh Morrison, ond J. H. Tatham were elected directors at the same ' remuneration as formerly. The chairman of directors explained proposals for the cbtension of works by providing for increased storage accommodation. WHEAT. The New Zealand Loan and Mercantile Agency Company, Ltd., have received the following cablegram from their London house, under date August 7:— "We have sold an Australian parcel at, 38s. 3d. c.i.f. There is very little demand owing to favourable crop reports, and the outlqok for general market prospects is discouraging. TALLOW MARKET. Me?,srs. Dalgety and Company, Ltd., Wellington, have received the following cablegram from their London office, dated August 8, 1912:"Tallow.—The market is quiet. Expect a declino in prices at to-morrow's sales owing to large offerings." AUSTRALIAN PRODUCE MARKETS. By Tclczr-ph—Press Association—Copyright (Rec. August 8. 9.50 p.m.) Sydney, August 8. Wheat, 4s. 3d. to 4s. 2Jd. Flour, city, £10; country. £9 17s. 6d. Bran, £5 Es. Pollard, £5 15s. Oats, Algerian feeding, 3s. 6d. to 3s. 9d.; seeding, 45.; New Zealand whites, 3s. 4d. to 3s. 6d.; Giants, 3s. 6d. Maize, 4s. 6d. to 4s. 9d. Potatoes, New Zealand, £9 Eg.; others, nominal. Onions, Victorian and Japanese. 18s. Butter, selected, 144=.; prime, 130s. Cheese, SJd. to 9Jd. Bacon, Bid. Adelaide, August 8: Wheat. 4s. 2&d. Flour, £8 17s. 6d. to £9 2s. 6d. Bran. Is. to 2s. Pollard, Is. to 3s. Oats, 3s. 4d. to 3s. sd. HIDES. (Rec. August 8. 9.50 p.m.) Melbourne, August 8. At the hides sales there were fair supplies, and active competition, with prices one-eighth to a farthiug dearer. LONDON COMMEECIAL CABLES. (Rec. August 9, 0.35 a.m.) London, August 8. Wheat.—Cargoes are steady, but inactive; Victorian, per sailer, May shipment, offered at 395. 6d. Liverpool quotation for futures: October. 7s. 41 d.; December. 7s; 3d. per cental; Chicago, September, 92 3-8 cento to 915 cents; December, 922 cents to 913 cents. RIVER PLATE MEAT. The River Plate shipments for July were: Mutton, 223,250 carcasses; lamb, 62,500 carcasses; frozen beef, 164.5C0 quarters; chilled beef, 209,500 quarters. SILVER. London, August 7. Bar silver is quoted at 27 11-16 d. per ounce standard.