COMMERCIAL ITEMS.

Dominion, Volume 6, Issue 1592, 8 November 1912, Page 8

COMMERCIAL ITEMS.

;.:. INVESTMENT'SHARES. '.Sales were reported yesterday of Union Steam at 465. 3d., and Golden Bay Cement at 20s. 9d. The quotations.were as under:— Buyers. Sellers '■•:... £'s: d.: £9. d. National Bank — '61.0 Equitable Building .; — . . . ' 9-16 0 N.Z. and River. Plate .' — 2 16 Well. Investment — 0 13 0 ■Well. Trust and Loan ... — .776 Well. Deposit .........v........ - 0 5 0 Feilding Gas — 1 0 .3 Napier Gas-(£10) - 23 15 0 Well..Gas(£lo)-....;....v...;.... ■ - . 17 17- 6 Well. Gas (£9 5a.) ...'. - 17 0 0 Well: Gas,(third issue) ...13,15. 0 . 14 5,0 5.8.. Insurance X '.. — 315 0 Gear. Meat-(£4) - ■ 12 15 0 Meat Export (£s)< . — ..6 2-6 Meat Export (£4)-..; —. 5 fl'.O Meat Export (52b. 6d.) ...... —'.- 3 0;0 Union Steam ' 8 6 3 2 7 0 Well: Woollen (ord.) 3 14 0 3 16 0 Hikurangi Coal .. 018 0.- - ; . Westpoft Coal - 18.3 L'ej-land-O'Brien -— : 183 Taringamutu Totara 2 5 9 —' Golden Bay Cement ....:... 1 0. 6 — N.Z::Drug - 210; 6 Sharlands. ordinary 1 2 0 —• Sharland's preference...... 12 0.-' — ' and Co. •...'.. 5 00 — ■','■■ ■';''.'■ NATIONAL INSURANCE. :■ The balance-sheet of the National Insurance. Company for the year ended' September 30 last shows that the company has experienced another profitable period. Tlie net premium income for the year was £138,308. The losses totalled £63,081, equal to 45.61 per cent. of. the premium income, the expenses aggregated £49,888 or 36.07 nor cent, of the profit,.leaving an underwriting profit of £25.339, or 18.32 per cent, of ■the income. The amount available for distribution is ■ made up as under:—' ' £."•." Underwriting profit 25,335. Other income' : 20,074 . Brought forward ~..:... 29,287 ;•'•'■ 74,700 And this amount has been allocated! as follows:- . £ Dividend, As. 6d. per ehare 25,000 Added-to reserve 15,000 Staff Provident Fund 5,000 Carried forward 29,700 '■■■'. 74,700 The-assets of the'company include loans on'-mortgage,- £283,995 15s. 10d.; freehold properties in New .Zealand, £9800; debentures, £107,300; money -on deposit at short iiill,' £33,0001 balance at bankers, £21,691 6s. 2d;; accrued interest.and. rents, £5966 18s. 9d,; outstanding at branches and agencies, £14.363 J,Es. 5d.; remittances in transit. £1000;-total, £477,117 16s. 2d. - ■ -. . ■[.': COMPANIES -REGISTERED. . • The foljfewing' appear in the list published in thfiSweeVs "Mercantile Gazette":—' ..Gorman?,'Limited. Registered as a pri-vate-company, November. 1, 1912.. Office, .No• 22 Bridge Street, • Nelf-on. Capital-, £2000, divided'into four shares of £500 each. Bubscril)crs--Nelson: Charles Robert Harjcv 2; George Hogg, arid John Porter Harris; 1 share each. Object.*: To acquire and carrv.on the business of an aerated water tind cordial manufacturer lately carried on by the'.trustees of tho estate of the late Thomas Gorman in.the.city of Nelson. '. The Wa-nganul Steam Laundry Co., Ltd. Bagbteied.November 4. Capital, £6000,

divided .into 6000 shares of £l-each. Stib-peribe-rsMVahganui: W. W. Wills, 20CO; H. E. Good. 200; J. Pairbairn. T: H.' Buttlcr, and J. B. Foster,.loo each; C. J. M'O-irthy. 250 rand W. H. Clapliam,'-50. Objects: To carry on at Wanganui or elsewhere • the business of a steam laundry. . ' AUSTRALIA'S POSITION. , The Sydney "Daily Telegraph", gives in tabulated form the estimated rovenuc and oxpendituro of the Commorjivcalth and the several States..together with the amounts actually received in. 1911-12. The figures are as under:— • ' Revenues: Years Ending June 30. ! ■ . ■ 1912. 1913. .. ' Actual.- Estimates. ■■■'.-£■ £ ■-.',s Commonwealth .... 20,546.361 21.422,000 Inc. 857,539 Lc«J3 paid to Stales "... 5,824,423 5,983,750 Inc. 159,327 14,721,938 15,438,250 Inc. 716,312 N.S. Wales 15,776,816 16,471,013 Inc. 604,197 Victoria- .... 9,936,665 1.0,120,000 Inc. •■• 183,335 Queensland .'5,989,347 . $,268,302 Inc. 278,955 ■Si Australia 4,450,739 4,381,812 Deo. 68,927 W.'Australia 3,966,673 4,589,712 Ino. 623,039 Tasmania.;. 1,084,663 1,081,357 Bec. : 3,3 M ■ •■'••' 55,926,541 58,350,446' Inc. 2,423,905 The estimates are for a, moderate expansion In revenue, but the estimates of expenditure, show 'a substantial'increase. Expenditure:-Years Ending JtiSo 30. . 1912. 1913. Actual. Estimates,' ..'■ £ . * £ °w™5th".....20,121,995 22,683,541 inc. 2,561,546 Lesspaidto ""'.'.». ,„,., States ... 5,824 423 . - 5,983,750. -Inly 159.337 ..,•; 14,297,572 16,699,791.1nc. : 2,402,219 N.S. Wales 15,915,730 16,526.136 Inc. 7?0,406 Victoria ... 9,845,010 10,097,407 Inc. 252,397 Queensland 5,965,692 . 6,262,633 . Wo.- 296,941 ft "Australia 4,175,589 4,373,012 Ino. 97,20 W. Australia. 4,101,082; . 4,755,615., Inc. . 654,53 a Tasmania... 1,064,703 ,-'. 1,079,780 'Inc. 15,0ir ■'■.;'..- .: - 55,365,378. '59,954.374, Inc. ,4,588,996 The excess' of estimated- expenditure over revenue is. thus £1,603,928. 'The- Common, wealth will-provide for her excess by draw ing upon the acfiumulatiotis of previous years.' As regards .the States, the two with Labour. Administrations look, for deficits', and the' other four for' femill surpluESSs. NEW ZEALAND EXPORTS, ~.-: . •The valuesof Uic principal products exported during last month, compared "with, the figures- for October, 1.911, 6how' .'as under:—; • ' ■, . Oct., 1912./Oct,, 1911. ' £' - £ • Butter' .:..;...'. 155,657 128,956 ";-.' Oheeso :..... 78,269 24,791 Beef "8,002- . 6,718 :. Mutton— . Carcasses 41,784 44,767 Legs and pieces 1,870 1,119' Lamb ."., 15.M3- . ' 13,148 Wheat 4.C65 ■ 2.305 . Oats ~......"..... 52,792 224 • Potatoes ;..- 50,141 684 Hemp .-...:.'..:.. 34,859. ' 16,696. ' Rabbits' 5,478 18,092 .Tow • 2,095. 1,651 , Kauri gum 62,588 - 26,178 Grian and pulse... 19,451 ■ 2.484 Hops 538 2,250 . Hides „-......,' 19.120 : .10,205- •;' ■Slims ....: .....,' 75,565 39,818'. Tallow ............... 34,556 .' 22,738 . Timber ...'...; 74:217 . 34,430 . "Wool'. ..f 96,1.47 63.985 Gold-. ........:... 80,125 . 152,964 .'■■.' 953,202 614(007 - , .'- HEMP-MARKET. •'-.. In .view of the .cabled reports of. a tornado doing great damage.to.the, 9bre crop in the Philippine Islands, the New Zealand Department of' Agriculture, Industries, ana Commerce ' askod the British ' Consul 'thejc' to furnish a statement as to .the .extent of «ie damage. A reply- has beeii-receiVed. that.the 'estimated shortage-.of hcm.p. op account'of r the tornado and the ..previous drought is 200,000. bales. ■'.?,: .' ■;. .-: 'Customs duties, collected at the pott of Wellington, yesterday amounted to £2540; 4s. 4d.- -. . - '.. -/"., ;■ .'■ v -.: LONDON JURKfiTS., '■ '.."'. .:' The New Zealand Loaii'apd: MercantileAgency Company-, Limited, and Reduced, have received, the following - cablegram from their London' house, tinder. date-No-vember 61-Whe'at: We' quote '385.; 9ft, c.i.f. . Australian' cargo. There is Very little demand, and the outlook is discouraging. We quoto; per quarter:' . c.j.L "New - Ze-uahd wheat, long-berried 375., EhoTt-borhcd 365. 6d. Oats: Wo quote Cartons. 245., Sparrowbills 235. 3d. The market • i$ ■'' very duH. Tallow:- We quote present .ep.pt values for the- following descriptions-:—Good mutton, 39i.' 3d. p«r cwt.; good beef, 355, 6(1. perewt; mixed, 325)-6d. ■■' The market is quiet. V ' s - ' '.'. . iTALLOW SALES! By TeleeraDh—Press Association—Copyright . London, November 6. At the tallow sales -676 casks were; Offered and'lso sold: Prices'were unchanged. . ■ CONSOLS. London, November 6. Consols are quoted at'£74,2s. 6d.,- a rife of 7s. 6d. since last weok. ' AUSTRALIAN-PRODUCE MARKETS.. . (Rec. November' 7, 9.40 p.m.) ' Sydney, November -7> Wheat, 4s, 7d,-to 4a;.'Bd, Flour,' £9 l'Cs. Bra, £6 10s. Pollard, £7, pat's,. Algerian feeding,' 3s. 6d.>' to 3s. 9.d.; New Zealand whites,-3s: 5d.; Giants, ss. '6d.. ITalje. 4s, 6dv Potatoes, local", .£l6-to : '£l7; New Zealand show a Tise of 2s. -during the-week, and are nominally quoted at.' £14 10s.' Onions, Victoria, -£14 10s. : ; -Japanese, American, £15. Butter.. selected brands,, 1125,; prime, 102s. to 108s. - Cheese,..9d, Bacon, -9Jd. :■ ' ■•' ■ Adelaide, November 7. Wheat, 4e. to 4s. Id. Flour, 3» 10s." Bran, Is. -2Jd. Pollard, Is.'J*d. ; MELBOURNE HIDES MARKET. (Bee. November 7, 9.40 p.m.) ' : Melbourne, November 1. Hides were in small p.upply at to-da.y'A sales, and there was keen competition, with the result that prices were very firm.