COMMERCIAL ITEMS.

Dominion, Volume 6, Issue 1597, 14 November 1912, Page 8

COMMERCIAL ITEMS.

INVESTMENT SHAKES ' Tho sales recorded yesterday Were: Christohurch Gas at £8 4s. 9d.j Wellington Woollen,' ordinary, £3 165.; preference, £2 17a.; Taupiri Coal, '225. lid.; and Sharland's preference, 225. 3d. The quotations were as-.under:— 1 ' . Buyers. Sellers £ s. d. £ 9. d. National Bank - ■ 6 10 Enuitable Building — 9 16 0 Well. Trust and.Loan .., — . 7 7 6 Ohristohurch Gas ............ — 8 5 0 Feilding Gas — 110 Well. Gas (£10) - 17 17 6 Well. Gas (third Issue)... 13 15 0. - . Gear Heat (£4) - 1? 15 0 Meat Export (£4) ....: „ - 50 0 Moat Export (52b. 6d.) — ' 3 0 0 N.Z. Shipping : 14 0 0 - Union Steam 3 i> 3 • — Well. Woollen (ord.) ...... 3 15 0 -. — Hikurangi Coal V 018 0 018 9 Loylond.-O'Brlen >. - 18 3 Totara- 2 5 9 <- Golden Bay Oement 10 6 — N.Z. Drug - 210 0 Sharland's preference ... 1 2 0 — : Ward and, 00. .'. - 50 0 52 6 W.F.O.A. - 7 5 0 ■ FROZEN MEAT SHARES. The "Financial Times" of October 4 states, that in view of tho anouncement that frozen meat prices ifi the London markets will be advanced in the immediate future, as tho result of the insufficiency of snpplics as compared with demand, jt may bo anticipated that tho companies engaged in the production of frozen and chilled meat will earn increased profits during tho next six months, and. perhaps for a longer period. ■ It may be recalled that in July last, when the outbreak of foot and mouth diseaso in Ireland, which has since proved, so serious, waa first .discovered, a considerable stimulus wa.s given to the frozen and chilled meat industry of South America and elsewhere, so that tho decision now arrived at by tho trade to further-advance prifes docs not represent tho first favourable incident dur--1912 affecting tho industry jn question, and it is probable that the current twelve months will yield more than Usually satisfactory results to those who, as investors, aro interested in tho companies engaged In augmenting, by shipments from other countries, or Home supplies of meat. The BUbjbined table shows the course of Stock Exchange quotations for the capital issues of such - undertakings ainw the commencement of 1912, from whioh it will bo seen that thero has bften a general advance, and.it appears to ho a fr.ir inference that rmcoH will continue to improve, although, of-course, it must always bo borne in mind that the conditions governing tho frozen meat trade are liable to very rapid fluctuations, and it i? for this reason that tho canital .issues' of the companies engaged in this form of commoroial enterprise are usually quoted on a basis whioh represents , a substantial return. After making fcvery allowance for possible adverse developments, it is generally admitted, however, that the. prospects just now are moro encouraging than for a. long time past. The following table shows the course of events in Throgmorton Street during tho past Mine, months:— Prioes in 1912. Jan.l. Sept. 28. s. d. t=. A. ' Imp. Cold Rtoro«e (£1) 2 6 7 6 James Nelson and Son (£li 21 IHJ j,i 3 River Plate Jieat !£1) 26 3 28 lj S-mithliold and Argentine (£1) :.... 15 0 20 0 Union Gold Storage (£1!... 21 S 22 6 Oustoma duties collected at th« port, of Woiiinxton ■ srestimy rwuujushl u> £2?(a.