COMMERCIAL ITEMS.

Dominion, Volume 5, Issue 1532, 30 August 1912, Page 8

COMMERCIAL ITEMS.

INVESTMENT SHARES. Sales of investment shares recorded yes-, terday were: Gear Meat (£4 paid) at £12 125., and Taupiri Coal at 235. 3jd. The buying and selling quotations were as under:— Buyers. Sellers. £ s. d. £ s. d. Bank. New Zealand 11 0 0 — National Bank 6 10 — Equitable Building .......... — 10 0 0 National Mortgage — 4 0 6 Foildirig Gas 10 6 — Well. Gas (£10) - 18 2 6 Well. Gas (pref.) — 110 Meat Export- (525. 6d.) ... 2 19 0 3 1 0 Mosgiel Woollen 3 7 9 — Well. Woollcu (ord.) 3 35 0 . — Taupiri Coal — 13 6 Westport Coal i 7 10 — Westport-Stockton 0 2 6 — Kauri Timber (155.) 0 16 9 — Loyland-O'Brien — 17 6 Taringamutu Totara 2 5 6 2 6 6 Golden Bay Cement 10 0 113 N.Z. Con. Dental — 12 0 Sharland's ordinary — 13 0 W.F.C.A. (EOs.) — 110 0 ' DAIRY PRODUCE REVIEW. Messrs. .W. Wcddel and Co., in their annual review of t-lio dairy produce trade, covering the period to June 30 last, state that the most extraordinary feature was the high price of both butter and' cheese, home-made and imported. It is necessary to go back to the years 1876 and 1877 to find anything to parallel the figures of the past year. The summer of 1911 will be long remembered as' one of the hottest and driest knows, and the area over which these conditions prevailed was unprecedentedly extensive. Practically tlio whole of the pastoral countries of the Northern Hemisphere from which the United Kingdom' has drawn for years its supplies of butter and cheese, were included. Under such exceptional circumstances as the~e a great departure from the ordinary conditions of trade was inevitable. Fortunately, the great export trade in butter which has grown up in Australia and New Zealand enabled those conn tries to ameliorate and redress, to some extent, the natural calamity which -afflicted European countries, and brought the year of preate.it prosperity ever known to the dairy industry of Australia and New Zealand. But, say Messrs. Wcddel:—/ "Owing, however, to the i'mp'cp-ibility of Australian and New Zealand.dairy farmers being able to appreciate to the full extent the consequences which were bound to follow these very unusual conditions, many of them missed one of the grandest opportunities of their lives. They could not be persuaded to consign their butter and cheese, but were tempted tiy the high prices offered in August and September last t-o sell out and out.. There never was a time in. which all the circumstances connected with dairying pointed more emphatically and with mure certainty to excessively high prices for butter and cheese than at the close of the European summer of 1911. It was on opportunity that is not likely to occur again for a lifetime." NEW ZEALAND BUTT Ell. As regards quality the "Review" states that the process,,of pasteurisation has been more perfected and more widely applied in New Zealand, and the general result has been a further all-round improvement in quality. This improvement is specifically noticeable in the texture and keeping I properties of butter. Tile peculiar flavour of "eowiness" ha« been very largely reduced, and in certain factories altogether removed. "I'ishiness" during tho past fciif,on has been practically absent, and. according to Messrs. Weddel, during the past ••""••"ii the quality of New Zealand butter ha-s been t.he bnst-evcr known. As an illustration of this great improvement, there j may bo. noted' the large increase in the successful manufacture of butter "without salt aad vrttliout any otlisr preserve

tivo" for consumption on the Continent of Europe. Among many authorities there was considerable doubt as to the practicability of till is trade bring catered for on an extended scale; but experience has proved that, with the greater care now used in the treatment of crcam. it is possible to ship to Europe with success New Zealand and Australian butter prepared without preservative-. It is estimated that fouio r.3,0C0 toiKs of Australasian butter, prepared without the use of salt or preservative, ib went to the Continent. Mo-yt of this butter was made in New Zealand, and to have manufactured fcuccas&fully on so large a scale, with comparatively so little practical experience, is an achievement of which : New Zealand butter-makers may well be e > proud. Australian butter has not. given r - to Continental buyers of finest butter tho 11- same complete satisfaction as parcels from m New Zealand. ljy y, COMPANIES REGISTER ED. -o The registration of the following comin panics i'S rcccrded in the last issue of tho r- "Mercantile Gazette":— Id HeretaungA School, Ltd. Registered Aum gust 9. Capital, £10,010, into Vls shares of £14 each. Suseribcrfi: iL M. Campbell, 30; T. 31. Ijinvry, 25; W. Slirimpton, 25: G. N. Phnrrazyn, 2J; W. G. Stead, 30; T. C. Tosswill, 10; C. lillison, 10. Objects: To esta-b----lish and carry on near ifavelock North educational institutions. W. A. Parkin-son and Co., Ltd. Reg'stored as a private company January 3. Office, High Streot, ilawera. ' Capital, £15,C00, into b_ 15,000 shares of £1 each. Subscribers: William A. Parkinson, 6000; Charles 11. Walker, 35C0; Robert F. Page, 3500. Objects: To carry on business of journalists, pubs'* lishers, ctc. - The Ngamotu Oilfields, Ltd. Registered to July 29. Office, Egmont Street. New Ply- - mouth. Capital, £50,CCQ, into 50.CC0 chares I. of .€1 each. Subscribers: F. C. J. Bell- / ringer, 100; Lev/is C. Sladden, 100; Frank Messenger, 100; Thomas Avery, 100; J. H. Parker, 100; T. K. Skinner, 100; Wm. P. v. • Nicoll, 100. Objects: To acquire property tie 3 for oil boring purposes, and to bore k, for petroleum thereon. F. Whitlock and Son?, Ltd. Registered as . a_ prirato company, August 24. Capital, £3COO, into 6CO shares of £5 each. SubL ' scribers: J. B. Wliitlock, J. F. Whitlock, 0* P. S. Whitlock, all of Wanganui, 2CO shares -1 each. 4 Objects: To acquire and take over as s," a going conccrn tho business of F. Whit0j lock and Sons, picklc, saucc, cordial, and t general provisions manufacturers, etc. / Tho Coa6tal Steamship Co., Ltd. Registered as a private company August 26. •f Office, Corner of Featherston and Ballancc Streets, Wellington. Capital, £10,CC0, into IOJJCO shares of £1 each. Subscribers-Wei-r, lingtcn: J. lE. Williams, 9399; W, 11. G. Bennett, 1. Objects: to acquire from James \a Herbert Williams the steamship Arapawa, Y now trading between Wellington and WaJ* nganui, and the boats, stores, and appur'J tonanees thereof, and to carry on in gene- )> ral the business of shipowners, carriers, etc. >- LAND SALES. Messrs. Dalgety a.nd Company, Limited, Palmerston North, report having recently *» effected sales of the following properties:-— :e On account of Mr. A. A. Wagstaff, Folia--10 ngina, 2953 acres freehold, to Mr. Aaron - Passey, of Longburn. - On account of Mr. i. F. R. Thomley, Ashhurst, 310 acrcs free- / hold, to Mr. 11. jr. Tagg, of Waverley. On account of ilr. P. Gallagher, Koeke, 120 5 * acres 0.R.P., to Mr. H. 11. Gowdy, of ft Ruanui. On account of Messrs. Kliott and t- RuthorfoTd, Feilding, 391 acrcs freehold, to d Mr. W. R-asmuFsen, of Colyton. On account of Mr. G. B. Nitschko. Bulls, 2CO acrcs freehold, to Mr. C. B. Swainson, of Jionny Glon. On account of Mr. C. Bcggs, of Taihape. 82j acres L.1.P., to Mr. M. J. Dixon, of Canterbury. On account of Public Trustee, in the estate of Mr. A. H. D. Williams, deceased, 569 acres freehold, to Mr. Walter Barber, of Foxton. On account of Mr. J. Harrison, Kairanga, 201 acrcs . freehold, at Kairanga. and 288 acres freeV. hold at Ruakawa, to Mr. A. Buchanan, of 11 Palmerston North. On account of Mr. J M. Graham, • 209 acres freeQ hold, to Mr. T. Fiizeerald, Tiriraukawa. o. Customs duties collected at the port of s Wellington yesterday amounted to £3053. t !_ ANTHONY HORDERN AND SONS, f By Telegraph—Press Association—Copyright 0 Sydnoy, August 29. l » In connection with tho conversion of tho d business of Anthony Hordern and Sons 0 into a limited liability company, with a r capital of £2,500,000, it is stated that the (. step if? being made owing to family considerations, and to the expansion of opera- ' tions. Practically\there will be no change a of proprietors at present, the principals e holding tho groat majority of shares. Par:l ticipation by others will be confined to a \ few managers and professional advisers of the firm, the shareholders numbering in all twenty. r AUSTRALIAN PRODUCE MARKETS. 1 (Rec. August 29, 9.45 p.m.) I Sydnoy, August 29. Wheat, <<?. 4id. to 4s. sd. Flour, city " brands, £10; country brands, £9 17s. 6d. Bran, £5 10s. Pollard, £6. Oats, Algerian, feeding, 3s. 6d. to 3?. 9d.; seeding, 45.; New Zealand whites, 3s. Md.; giants, 3s. sd. Bar- - ley: Quotations are nominal. Mai'ze, 4s. sd. to 4s. 7d. Potatoes, Tasmanian, £14 £.3. to £14 10s.; New Zealand, £11 10s. to £11 15s. Onions, Victorian, £20; Japanese, American, £18. Butter, prime, 1365.; select' ed, 1245. Cheese, BJd. Bacon,; 9d. Adelaide, August 29. h Wheat, 4s. 3£d. to «?s. 4d. Flour, £9 ss. to £9 10s. Bran, Is. 2sd. Pollard, Is. 3Jd. Oats, 3s, 4d. to 3s, sd. MELBOURNE HIDES SALES, j (Kec. August 29, 9.35 p.m.) Melbourne, August 29. Hides were in fair supply at to-day's 1 sales, and were $d. to Jd. dearer. WHEAT. (Rec. August 30, 12.10 a.m.) London, August 29. Wheat.—An Australian cargo has been sold at 39a. 10Jd., and another at 40s. There is a better enquiry, and 40s 9d. is asked for Victorian l and South Australian off the coast; 40s. for Victorian May shipment; and 40s, 3d. for South Australian May shipment and New South Wales April shipment. Liverpool futures: October,/ 91g cents. December, 89 3-8 cents. TALLOW SALES. . ( London, August 28.' At the tallow sales 1672 casks were offered . and 1528 Hold. Prices were as follow;—Mut- • ton, fine, 375. 6d.; medium, 345. 6d. Beef, fine, ; lis.; medium, 325. 6d. ! SILVER, ■London, August 28. i Bar eilver is quoted at 28 7-16 d. per ounce standard. \ The New Zealand Loan and Mercantile 1 Agency Company have received the follow- < i"ng cablegram from their London house, ] under date August 20:—"Tallow—We quote present spot, values for the following descriptions of tallow:—Good mutton, 375. 3d. per cwt.': good beef, 355. per cwt.; mixed, 32?. 6d. The market is . active. Wheat: Wo quote an Australian cargo at 40s. c.i.f. The market is quiet, but steady, buyers are holding off, and the outlook is uucertain."