COMMERCIAL ITEMS.

Dominion, Volume 6, Issue 1591, 7 November 1912, Page 8

COMMERCIAL ITEMS.

INVESTMENT SHARES. n-iTi 10 !";, T R r no b » s »"!ss done yesterday. Iho quotations were as under:-- ■ x ... Buyers. ■ Sellers National Dank .;.„"„:. -t • HVa hquiinblc Ihiilding ........'.- ~-""."• ° A n N.Z ,u„UUvcr Plato .„..: - ; ' ' 2 I 6 Feiljlmg Gas '.. j 0 6 ' . 11 6 We. Gas (£10) .. _ -■\) i l % \Vcll. Gas (third issue) ... - i.j' 6 floor Meat (£■!) ..... -,_ . in JJ J Meat Export. (£4) .:.:,3..:'"- . 500 v»' l - ott - (52s ' 6d -> • - 50 0 ■if- Shippniß ■......„., 14 O'O .. - ufer Je i. w ?, ollon •'••••■ 3 10 0, », c ■ doolies lord.) 314 0 316 0 Weetport Coal _ lie Leylaucl-O'BrJcii - •l 5 3 Taruigamutli To'tara 25 9 26 6 Golden Bay Cement 10 6- ■■'_. N./.. Con. Dental 10 6" 1 2.6 N.Z. Drug _ 2-10 6 l—U^feo"::: 1^ 5 111 (£ij::::::::;:::::::: „ \\\ ■• UNITED INSURANCE. COMPANY. ' na T n h v fn^?i" a l ro , port of tllo above' comne?\n twok ? montt,s « ndc d Septemto j£i rof f . th Si lllc P rofll amounted vcar T,' n a !il! nst t - £ ?' , ' 6M P the Previous* Mm a ''°,,. am <>"-t. I'rought forward was fl»nrf \™ l! »'!? available £39,315. The divt of n ™, U ' e r . ate o! 10 .P° r cent., ajid bonus °L£i Per cent., absorb £10675 th . » added to tho reserve fund £2000 and to tho rc-insurance reserve £3000, leaving £23 639 to be carried forward. The assets of the SPr facludo ie J> osH * atint rest! Siv debentures, £31,270 friL^M 1 ' 65 ' fi ?' CM: ' 'lorteages,. £14,369; aid freehold property, £71,973. ' ■ In-order to bring tie subscribed capital nVnffiiM -° 'i s " e 5 i J ? of «»« 15,839 shares filf!. l e> a "M \°lE 6r thcm P''° "tans lar as possib o to the shareholders, at par in _ consideration of their paying 50e. per the Ll^ aPplk: !t^ n } he ' ,etoi; ' «M to' Mil tie balance unallotted and odd shares at fi^nf^m 10 ".?/, boar,t for the b(!'ie-w-:TPS Ht<l participate tlierein. ■«££■„*• - cn t lUo - cvor y shareholder,to his p ™ p % t,o » of cw shar<:s on the basis of, axj,. 17 chares for every. 100 Pharos held bv nivt a^jon *■','? T ?S"ler. on January 31 Dd applications must bo . lodged '»-},«, n ; om P?- n - v .™ ," r before that date, wiieu allotments will.be made. The direchriL'" ,' aft " J tllc "Hotnicnt is completed, S,^ ? „ ' lc D f ld :"P capital to £120,000 by making, a call,of 10s: per share.-and-at the S i^iv m j ? cc ]? re a »' equivalent, bonus to be. applied to the payment- of the call. -; -.; INCREASE IN HEIGHTS. ■■'.' . Freißhts are expected to .be higher- and tkota rT,'n y ™f°? «' a t «*n prLnt'con ™. t run , the end'-'of ,'thc 'Tl^'/^ ffh i ts Srom , Ellvoptt wiu b0 V* "PJioW rates have advanced may be learned from the TJniled States to, the-' Uiuted Kin B -' dom usually, pay, ,355. aton. This year they are paying 675. a ton. Wheat, freights f torn, Australia, are usually in the neigh- °/, 23s *$ for sai,ei - 6 - t^•they ore 3fe. .Freights to tiio East W[ 1 be advanced at the commencement of the nn!l t% Ja, i IDd Singapore. From Jan■2ioolb„ which is cqua ,to an increase, of 10, per cont. On the subject, of the ad- ! !u ehU ,- th «. "Times" writes :- Probably there-hao. never before been a' timewhen freights were-so uniformly good. There, have'been periods when ■ particular trade.? gave fine resitlts, but: to-day in practically every route rafes-are vcrv firm. _ Higher prices are now being paid tobriUK ntaize, from Argentina than have -eypr before been recorded; the'cotton shipping season, which opened on. September. 1, .has started extremely well ;: grain is' l being .brought. from the,' Pacific Coast of .JSprth..America o,t. rates which ave ap-1 proaolung double what were: accepted a year chartering for grain from ■ the ■hea of Azofi. which, owing-to feats, respecting the Dardanelles, was recently •ouict has become much' firmer during the past few days; and for distant dates India and Australia are taking tonnage on t-brms ■ admitted by owners to ho excellent. Po , firmly, in fact, are owners now eta-nding out for good terms that chartering is often, very difficult to do. It is as well, .though,,.that the- investor, 'should renlipc that' it^ is the. cargo stearnskip companies, and. not -tho passenger eteamship oompanics,..which a.re now mainly.reaping the tenoliits of the extraordinary high level of freights. ~ The. 'tramp' steamer chiefly Telaes for.'.hor..profits do ':Uomeward cargo, or, in other words- :on'bringing;'to Europe the various crops, arid ; .-.th>s- is the work for which ehoh high'-rate?-'aw now being paid. The liners, when they, bring '■ tho crops at all, merely .bring 'small parcols, and - then often on .. Herms . specified' for months ahead." .... ;', .• vCnstoms duties: collected at the port- of. Wellington. yesterday "amounted to £2147■9s. r .3d.. ..-.. '■;'■,■-' 'v.-*' ' I"-. . ... .". MEAT MAEKET.. ... .':"';" :-.'MeEsrs. Gilbert Anderson-' (Messrs." Mell--Bop,Eliott. and-Co., local agents), in their circulaT.-dated London, September 27, write ■ as: follows:-The. frozen trade is slow; an improved demand is expected next :month, however. Home-grown and Duion aic- in good; supply, and have met a rather bettor, inquiry. Home-grown: Beef, 5Jd.. to Bd.; .mutton, sid. to 7Jd;; tcgs,-6£d. to Bd.; owes, lid. to'sd. (Dutch mutton, 55d. to 6Jd.); lambs, 6d. to Bd.; Scotch Hill lamb, 6d. to 7d. (Dutch 5Jd. to 7d.);.pork, 7*d. to Bd.; yeaJ. 7id. to' Bid. Chilled beef:' Fores, 3Jd.; hinds, 6d.; Guppliea met a fairer inquiry. Frozen beef: New Zealand hinds, 3Jd.; fores, 3Jd.; Australian, 33d.-and 33d.'; Plate, 35d. and 3d. : Frozen,, mutton: Prices being out of the: reach of the ordinary retailer, the demand is.poor, -and has, caused another small drop in prices. Canterbury,' .48/56 and .56/64, 4Sd.| 64/72, 4 9-16 d.; best North Islands ajid Sonthlainds, 4jd.j ordinary the same; ewes, 4 l-16d.; Australian,' 4Jd.;'-ewes,'4 l-16d-.; Plates, . 4?d. Frozen lamb: Supplies are not. at all .'.plentiful, but. eales are small.' Canterbury; u/36 'and 36/42. remain 53d.: 42/50 a.ro . }d- - lower; s}d;; South Islands and best North, Islands, l-16d. lower; 59/16, ordinary,-5Jd.; Australian,and Plato.lambs, nil. .; /i;'/ v ■',' BTJTTEIt MARKET. :',".- By TeleEraph— .Assbciation-rCoDyrielt _,v ■■ " . tondorii November 5. ■ The--.batter market .is sluggish. The Mooltan's sliipment. is opening well, and .loalified U6s. ..to':llß3.;:unsalted, 120s. , . '■ ' DBBENTURES. ' ' '"• '■'■''"..' London, November 5. ■ Testorday s .dlOEdn'g. quotatdons were — Australian Mercantile, £97 10s.; Daieetv and Co., £97. .' . ■ By ''•' -.. ;. SILVER. _■ • ... • London, November 5. .Bar silver is quoted at 28 13-16 d. per ounce, standard. .[. THE METAL MARKETS.. (R«c. ■ ITovoinber 6, -10.50 p.m.) London, November 6d. ; Copper.-On spot, . £76 per ton; three .montlis, £76 12s. 6d. ; -,'■■'■ :.-.Tih.-On spot, £228 15s. per ton; three months, £228 15s. '■ Lead, £18 2s. 6d. per ton.