COMMERCIAL ITEMS.

Dominion, Volume 6, Issue 1562, 4 October 1912, Page 8

COMMERCIAL ITEMS.

INVESTMENT SEUF.E3 A sale 'of; Golden Bay Cement at 21f. ,va-. the only transaction recorded in inveitwere as undc--- tOrClriy ' Thc " uotations Buyer* ' Sellers National Bank if i o — ' Well. Trust and Loan ... - 710 0 Oliristclmreh Gas 7 15 o -: Well. Gtm (£10) -. is n P Well. Gas (pref.) 10 0 10 9 Ge3r Meat (£4) _ • 13 0 0 ■Well. Woollen (ord.) 3 14 0 -■ Well Woollen (pref.) - 2 ia 0 wastport-Stockton 0 4 0 Taringamutii Totara 2 5 6 2 6 6 Golden Bay Cement 10-3 110 bharland a preference .... — 13 0 SOUTH BRITISH INSURANCE. The balance-sheet of the South lirili.-h Insurance Comrany. Limited, for the y»ar ended August SI shows that, the premium income totalled £361.66.!. Thc fire, mo.rinp and Occident paid, and oiUsta.iitlin , ' amounted to £215.135, Equal to 59.« per cent, of the premium income; tho dxpsmis-'&s a-sgrcssatcd £108,224 or 29.92 per <Tnt. of tile prenimm niromc, leaving thc- underv.ritins profit at £j8,3C5. equal to 10.53 p sr ~c n ( Tho available net balance for thc year is made up of :— Tlnderwyitins profit 38 3(15 Other income 36.765 Drought forward 24,167 93,237 And this has been distributed as under:■■Interim dividend 17"5r.0 Final dividend ■ 20 OCO Kcseryc fund 20,030 Leasehold yinkiim fiindn .. . Written off furniture (J7.i Invest, nuctiiation accoui'.l ... J93H Officers' provldrnt fund <i? 5 Carried forward 53.25", . 9M37 The a.'ee'e of tho company include loai-s----on mortgaso, £243.976; fixed deposit?. £62.()C0; stocks and debentures. £32,157; municii'-il «nd harbour board debentures, i?; 3 200GovornnK'nt securities. '£54.300; rath in bank and bills of exchange. £29,113; and balances at branches, £53,251. . I COMPANIES EEGI.STERL'I). i . The ■ registration of tho followinu- com-pa.iiit-3 !,< recorded in tho current i:'~uc. of the •■llcrci'.ntilc Oasctto":— ? - Kino. Limited. KsgiFicred. October 2 Capital. £5000. divided into SCCO Hh-ire* of £1 each. Subscribers:-W. li. AndcrEon ' 135: C. 11. Matthews, 60; 11. C M'lne 75Jl. H. Eobinson. 75: J. MT)on:ild. 75; w! ttaddol, 60; G. T. AVithers, <5: 1!. E. Haven 75; W. Clayton, 30: A. G. Ilniiic.'. 75;' V. li&wsoii. 15; T. M. Grace. 15. Obje-t"-: To acquire an invention called "Improvements in Kinumatograph Aoparatus," to ciploit in all possible ways Hio said invention, and to carry on business as moving picture proprietors.

■ lioiiissons, Limited. ficßif.tered as a private company. September 20. Ofiice.: >o. Kl Trafalgar Street, Xclson. Capital, £6223, divided into 6223 shares of .CI each fiiili-aerihers-Nclfion: Flora If. Lgiiisson, 2362; Jane Ferguson. 2361; Louisa M. I'aync. KM; Ophelia B. Pavswi, 100. Objects- To acquire ami carry on tile bminet-s known as "T/ouiseon nncl C 0.," milliners and draper^. : Tli» Taranald Oil Oplinu?, Ijttl. r>gi?. '!£ a , rt a I" ,, " 11 * company, August 23. Office: J. S mont Street. New Plymouth. Capilol, -£100, divided into 100 phnms of X! i-icli Nub.wrilirrp— Xsw Plynioutii: Kiist.il ins Griffiths, 50; llorhort Winnall Whilcnm'<e M. .Olujpls: .Ac(iuirv interest in■ lnad r-on-t.a.fnins oil nnd icinenil?, and test and worh wauie. AGRICUIjTIJKA-Ij BANK OF TASMAXIA. . The'tniftref of the Agricultural Ilnnk of M'asmania. in their report for the ventelided June 30. state that 64 njiplic'itiono' tor loiuis, Uni.llirjs £«96, were ri-coived. or whicli 52 iippliciiiions ninuuniini: to &2JI - were approved. The haliiiice-hcet Gliovvs that liabilities, ineliiiline; amount ndva.nced hy Truusury. SM.Ki. oiiU»tnnilini{ ni'coiints XI2, profit nncl bm lial.iiKo £ - ,l ' amount Iβ .E!6.065. This is ropie-cnle.'i h- : ' mortgafte;-:, £16,592. and minor Items. The on lands heiJl on credit Crown, the amount or the loan bi;in>c I rrilricted to half of l.ho amount paid i to tho Crmvii on the nurohaf'a nf onv -.ilotment. iuid to one-half of Hn vnlut-'of the impruvements elVecteil Ihercon. In iU'n\-g- i Ins the (iiiusticni of the 50 per cent, lirnii the report stairs lha-1, the valiiiiliinis oil-1 tinned are generally en the liberal sHc. or j in favour of the npplicani, thiii- onalilin" him to ■■.ecurc n. lorger mm Ihiio lie nwi-7 he strictly ontilled to. Where a feleelo'r I ha.s fjient. Hie money borrowed frim tin. Asrriciilfinal Itanl; on hi" lmliiinIriX'tee? hnve nlnays r.i-vniirnhiy colifid.-rort npplications for additional Inaiis. nrovided I the margin required by fn<? act i- in oil <-nst<.' .Keciirun. Willi rt«ura tu ilic usie?. tion reduction in the rote of tnter<-tt I chargod ou loans to Kttlor.i ths truetsos I nolnt out tliat, the rate oj kiterCJt to h&l

pn:il Jiy th-; Imnk ;■, the fii-Mn li.r-. J,-en rniseii froai ,V. to 4 per cc-m. on advance--thlt Ihe ii-c-.Ulll-' r,f 11k- K-ink m< l/> (!.- year f.'.oscil on June. 30, 1911. hiivc- alwav.l Known a debit 1-ilancp, and th-u tho MTiiill credit of .£3! for hut. y:'a<- is (inn jo Mie.ra.opon;!on of the rominifniiiner <.-f ■la.vo« in obtaining valuations of improvements free or mat. a raving of which cannot he <-nun!nl upon in fulnre. In view nf these facts, tile trustee.* do not, feel .justified in re?iiiun<>ii(!iiij; a. vcihiflKin in the rite rhnrfrrrl to borrowcrE. It : e not espeded that (lie volume uf busings will expand ',■; any great decree, a.i there, are now no lai-p:' arc<is of snotl virgin i-iimitry within measurable iislaii'je "of XOTKP. The outlrnU for the ptcel l«iii>t.ry of I!ic United Steles appears promising.' It U estimated thai 90 per ront. nf thp tot'-.! capacity of the inii'.s is Iviii- oper:i:rd I mid that if Hiffirieiii labour were obtainable the operations niiphi. easily lit- on a 95 ! per cent. li,i.-h. Ilinidreds of iliniii-..im) s of jiddltionfll stwl orrtcp? could lin booked if the nlaiili? were in a position to maliiearly fleliverie... Authorltirs are tiiMtcd ■■i- Siiyincr that 1913 will lie the best year I!ie American steel iudu-t.ry liVih known and that the activity will he continued into 1914. A Consular report from JfcnnliPlm. normally, states tint the unfavourable outlook in the. woollen and' cotton trade with which t.hc year 1911 opened did not chance price? of raw material crippled hue!nors at (.lie bpginnini; of the year. The tall in prices toward.* the end was quite unexpected, and as weavers and spinners were not in o position (o reduce their rates accordingly, the year rlosed much the same as it be.eun. Bu-sincw in household linen wa,s good during the warm summer months.

Messrs. Henry Bath and Sons' nitrate statistics show that European nitrate i m . Porte during July amounted to 75,650 ton'! as comrar-sd with 91,500 tons in the corresponding month last year. Deliveries amounted to 73,C00 tons, as compared with 57.25 a tans. 'Die vicible supply at the end of July was. 331.010 ton?, cininrt <M 810 tons twelve months previously. The value of due cargoes was Is. Id. lit-jher at 10s., while for prompt shipment, the nrice was K OUI. above J.:i<?t year's quotation. But in America, as in Korw.-iy, the production of nitrate from ni>- is becoming a "-enlitv Experiments recently rn.Tl? in North Cnrolina am f.i.id to h.-ir* demonstrated that the nionuf.icture of liiijh-f-rario fertili.'-"-from air is a practical commercial pro"-ps.-iiion. Already at one sittlement. a daily output of 8 tons of nitrate of Ume lias been achieved. __The total intercst-bearin;: debt of' the United States amounts to £252,786 827 and of this tliore is £134,635/48, which pays interest at the rate of 2 per cent., and is due in 1950. After the doso of Hirt civil war, tho bonded debt waa £430,C00,C00. and Jm>= now been reduced to cEcO.CCO.t'CO Debts incurred on other acc-.unts. such aa tho .Spanish war and tho I'anama Canal, mnk;. up t;.io tolal of over two hundred millions sterling, given above. Customs duties collected at the port of Wellington yesterday amounted to £!3'6 6s. Id. . LONDON WOOL SALES. By Tolcer.-iDli-Press AfisocintioE-Copyrish: ißcc. October 3, 0.45 p.m.) London, October 3. The offerings at tho wool .•.-ale* met with a good sale, and there was increased competition by American havers. Prices were very arm. and merinos were harder. The New Zealand. Lor.n and Mercantile AscncyCo., Liu.,anri HcdiicPd. liaveTceelvfd t!ie following cablegram from their london houte, minsi- liate October 2:-Buv-ers are operatinjj freely, and America is buying fuitablc lot.i of prasslircd'S. \s compared with las* E.iles' clo;iii? rate' prices arc higher about par to 5 per cent' for lambs, groa«v merino super 'cowrcl merino super, and line crceihred" slina'j higher by about 5 per rent. fo>- m-rino medium and inferior, medium and fine sri-easycrosslircds. madiu!!i crossbred sline and line and medium !-.-oured cro."br.->d.s' higher by about 7* per cent, to 10 per cent! for crossbred lambs, coar:e greasy ero"brert. eoarso' cro'i=brcd .-lir.e, ar.d coar- : s ccuured crossbred. LONDON MARKETS. Mcsfi-t?. Dalffcty aiv.l Comronv, Limited WelliiVTioii, h.-.v<>. revived cabicd aci ice from their London oEce, d.wd 0.-tober ? mdinp as Iollnwu:-"Wool: Tho continue firm, with an upiva-rd te-dencv except scoured crossbred, for which prices arc barely maintained. Tallow- ?,luttr.i Willow: Price? unchanged. Kor oilier d"•■criptioiis prices are irrcrolnr at timw bcini par to fid. higher. High Titres ara most m demand."

I - TALLOW SALES. By Tc!ecrapb-Prcss -\sso ( iation-Ciujirrleht : •" • : London, October 2. At the tallow sales 2520 ctifk? were offered and 2257 eoid, at from par to 6d. advance. ■ AUSTEALIAN PKODUCE MAIiKETS. tliec. October 3, 10.50 p.m.) Sidney. October 3. Wheat. 4s. l.h\. to <s. s{d. Flour. .£9 ICa. Bran, -£6. Pollard. £6 ID.". Cain, Al-*i>riiin fee-ding; 3s. 6(1. to 3s. M.; New Xealand, 3p. 5c1.; Giants, 3a. 6(1. Barley. Victorian, 5f 3d. lo ss. 6il. Jlaizp, •!=. 7tl. to 43 Cd Potatoes. Tasmanian, £14 10s.: New Zealand, £11. Onions, J.ipßjici-.a, American' £14 to £15. Butter, eotartcu brands, 110 3 • prime, ICSy. Clicess. Sid. Bacon, 9d. Atiolalds, October 3. Wlicat, 4.i. U.A. to 4.-:. T'.a. Flour, £9 !0s Bran, Is. 2Jd. Pollard, ls.*3Sd. Oats. Ss. *sd! ■JiELBOUKXE HIDES MA IIKET. (Kc'c. Oetobc:- 3, . 10.50 p.m.) , Mclbourn:, October 3 Hides were in..keen demand at to-day's pales, and were id. per lb. dearer than last week.