COMMERCIAL ITEMS.

Dominion, Volume 6, Issue 1601, 19 November 1912, Page 10

COMMERCIAL ITEMS.

. INVESTMENT .SHARES A Bale of W.P.O.A. shares at £7 2s. 6d. was the only transaction recorded yesterday. The,quotations were as under:— Buyers. Sellers £ b. d. £ 5. d. Equitable Building — 9 16 0 N.Z. Loan and Mercantile 0 8 10 — N.Z.' and River Plate 2 10 — ' Well. Trust and Loan .... — 710 0 Christchurch Gas — ■ 8 6 0 Feilding .'Gas — 10 6 Well. Gas (£9) .: - 1415 0 Gear Meat (£4) — 1217 6 Meat Export (£4) :...... — 60 0 Meat Export (525. 6d.) — 2 19 6 N.Z. Shipping .....' 14 0 0 — Union Steam — 214 ■ 0 Well. Woollen (ord.) 3 15 6 — Well. Woollen.(pref.) 2 17 0 — Leylan/d-O'Brien — 18 3 Taringamutu Totara 2 5 9 — Golden Bay Cement 10 9 — N.Z. Drug — 2 10 0 W.P.O.A - 7 5 0 LONDON WOOL SALES. The last of the series of London wool Bales for the current year mil begin on Tuosday of next week, and the prospects aro very promising. The Bradford Ton market is firm, with more inquiry, and generally there appears to bo a brighter outlook. On the Continent,, according to mail advices, business was fairly good. Eeports from the German woollen and worsted centres stated that though the actual business passing in tops and noils was not particularly great, inquiries wero more frequent, and the general feeling, brighter. The war in the Balkans and the tightcess in the money market are not likely to affect the position, because manufacturers are in need of the raw material, and there is a probability of shortaco of supplies from Australasia. ■' , MORTGAGES REGISTERED. According to the report of the Land Trant'ferl and Deeds Registration Office for the) year ended March 31 last year presonted to Parliament, the amount secured by mortgage during the year was £19,128,732, and the amount paid off £12,527,099, and leaving the net increase in the total £6,601,633, the total secured on mortgage on March 31 last being £90,138,264. This amount, compared with the total for each of the eight previous years, showed as under:— Year ended Total ■ March 51.. Mortgages. . £ 1904 45,493,552: 1905 49,030,811 1906 53,480,099 1907 59,097,070 1903 65,453,940 19(0 72,294,093 1910 77,771,721. 1911 M,536,63t isi2 i Joi»fl,aw

Thus, in.eight years the total has been practically doubled. Of the total for the past year the North Island is responsible for £55,955,844, an increase for the year °f„ 3} 78 ' 407 ' and tho South Island for £54,202.420, an increaso of £2,425,226. Ojistoina duties collected at tho port of Wellington yosterday amounted to £1879 12s. 7d. HIGH COMMISSIONER'S CABLEGRAM. The Department of Agriculture, Industries, and Commerce has received the following cablegram from tho High Commissioner for New Zealand, dated London, November ; 16. (Quotations; unless otherwise specified, are average market prices on spot):— Mutton—Tho market is steady, and prices are well maintained. There is a good demand for .all descriptions of New Zealand Canterbury,. 4Jd. per lb.; North Island, lid. ' . I/amb.—The market is Arm. There has been a better tone in the market this week. Canterbury, 5Jd. per lb.; other than Canterbury, 5Jd. i , . : Beef.—The market is quiet, but rather steadier. Now Zealand hinds, 3Jd. ner lb.; fores, 2Jd. Butter.—The market is' quiet, with a. tendency in favour of buyers. Buyers are holding back, expecting prices to go lower. Tho s.s. Turakina's shipment of butter arrived in good condition, realising 116s. to 120s. per cwt.; Australian, 1135.; Argentine, 1135.; Danish. 1285.; Siberian, 109s. Cheese.—The market is quiet fmt steady. Tho s.s. Turakina's shipment of cheese arrived in good condition, realising 61b. to 635. per cwt. Hemp.—Tho market is quieter. Buyers are cautious on account of tho nigh prices. Snot:.N.Z. good fair grade per ton, £34; fair, £32 10s.; fair current Manila, £35. Forward shipment: N.Z. good fair grade, £34 55.; fair grade, £33; fair current Manila, £35. Tho output from Manila for tho week was 20,000 bales. Cocksfoot Seed.—There is a better demand. Quotations are nominal. Wheat:—The mo.rket is dull; very llttlo business doing. N.Z. long-berried, ox granary, per quarter of 4961b.. 395.; short-ber-ried, 38s. 6d. Oats—The market is qnlet. but a moderate business is doing. N.Z. short (Snarrowbills), ex grtinary, per quarter of 3841b..■ 265. • Beans— There is mroo dsmand; stock is small. N.Z. beans f.a.q. (new crop) per 5041b., 38s. 6d. Beans.—There is more demand; stock is N.Z. peas (partridge), per 5041b.. 395. 6d. Wool.—The market is firm, with more inquiry. Current quotations, for Bmdfnrdi Tops, 36's, low crossbreds. Is. 2Sd. per lb.; 40's, low crossbreds, Is. 3d.: 44's. medium crossbreds. Is. 4d.; 50's, lialfbreds Is. 7Jtl.; 56';?, quarter-breds, Is. 10d.; -60's, merinos, 2s. 3d. DEOTiINE. IN BTJTTEB. By Telegraph—Press Association—Copyright (Rec. November 18, 11.6 p.m.) ■ ' Sydney, November 18/ Butter is quoted at 104s. per cwt., a decline of 4s. since last quotation. THE WHEAT AFLOAT. London, November 17. Shipments of wheat and flour afloat on November 16, a- week previously, and a year previously, were:— ..-. . ' Nov. 16. Nov. 9. Nov. 18. 1912. 1912. 1911. Quay-' Quar- Quarters.' ■ tcT«, ters. United Kingdom... 2,745,fC0 2,635,000 2.845.0C0 Continent i... 1,825,000 . 2,055,000 1,110,000. 4,570,000 4,690,0003 3,955,000 Tho wheat shipped from the Atlantic and Pacific Coasts of North .America during the past week, the previous week, and the corresponding week of last year is estimated by "Bradstreet's" to be-.~-AtlaJitic Coast ... 434X00 5C6.0C0 297,000" Pacific Coast 70.0C0 38,000 50,000 504,000 544,000 347,000 Tho quantities of wheat and flour shipped to Europe from tho countries enumerated were as under:— Argentine — not given 36,000 Russia — not given 200.K0 Danubian States — not given 74,000 India — not given 77,000 Australasia 37.CC0 7,000 68,C00 i ' 37.000 WCO 455,000 Total shipments to Europe from all exporting countries for the past week totalled 1.360,000 quarters, against 1,600,000 quarters last week, and-885,C00 quarters for the corresponding week of last year. '■ WHEAT QUOTATIONS. . January-February shipments of, Australian wheat are o.uotcd at 375. 6,1. per quarter; February-March :it i'li. V.. LONDON MARKETS. London, November 17. Cheese—Now Zealand white,-tile; to 625.: coloured, 625. to 635. - Ootton.—November-December shipments of American middling joitou aro quoted at 6.45 - per lb. - Bitbbcr.—Fine liaird Vara rubber is quoted at 4s. 5Jd. per lb. New Zealand hemp.—The market is dull January-March, shipments are quottd at £34 10s. per lb. - --.•■ ... Copra—The market is firm. South Sea. bagged, for forward delivery, £25 10s. per ton. v, NATIONAL INSURANCE CO. (By Telegraph—Press Association.) Dunodih, November 18. The annual ihcetlng of the National Insurance Company of New Zealand was held this aiternoon. Mr. T. W. Kempthorno, acting-chairman of directors, presided. In moving the- adoption of the annual report' and balance-sheet, the chairman expressed satisfaction with the result/ of the year's work. The premium income had increased by £6170, while the losses showed a decrease of £4574, giving a ratio of 44.65 per cent. The rate of interest earned on the investments was £4 12s. 6d., as against £4 135.. 2d. last year, lielcrring to the proposed superannuation fund for the staff, the speaker said tho directors recommended a contribution of £5000 by the company. Continuing, the chairman- said all the present .members of the staff under 55 years of ago may become . contributors to the fund on Its establishment, and all pcrspnß joining tho staff hereafter under the ace of 35 years shall become contributors. Their respective contributions will be-a percentage on salary received, and according to' tie ago of the member, to bo deducted as salaries become payable. The company shall, from time to time, contribute a like amount, so that contributions of the company shall bo equal to the aggregate of thi» contributions of tho members, making together a sum.of closo on £1000 per annum. The directors propose, and express the hope, that the shareholders will agree, to pay the whole ol tho ilrst year's contribution from tho funds of the company, and thereafter tho company and staff will contribute half each. . The motion. was carried. The'retiring directors (Messrs. A.' Burt and J. Moloney) were re-elected. MINING NEWS, WELLINGTON SHARE MARKET. Yesterday sales wero reported of Waihi at 345. 6d, and Waihi Grand Junction at 225. The quotations were as under:— Buyers. Sollora. £ s. d. £ s. a. Murray Creek — 1 12 0 N.Z. Crown — 0 110 Now. Sylvia 0 12 0 14 Ross" Reconstructed 0 5 0 0 5 2 Talisman 118 3 119 3 Waihi 114 3 114 6 Waihi Grand Junction ... 1 1 9 12 3 Waiotahi 0 2 8 0 2 11 Waitaugi •— 0 0 8 Tho Wellington Stock Exchange received the following telegram yesterday from tho Carrick Gold Mining Company, Ltd.:—"Return from 100 tons, sulphide quartz, •'White Horse' reef, 107oz. gold extracted by amalgamation and cyanide." STOCK EXCHANGE SALES. Auckland, November 18. The following business was done at the--3:15 p.m. call :-Occidcntal Consolidated. Is. 4d.. Hauraki Reefs (con.), 2d. ■ Waihi Grand Junction, £1 2s. Auckland Tramways, rights, Is: lid. ™ ,~' • D «ncdin, November 18. The. following sale was made on the Stock ■ Exdliange to-day :—Weetport ' Cbail, £1 Bs. 2d. Tho following sales were re-ported-.—Talisman, £1 195.. 6d.; N.Z. Drug, The following are tho Stock Exchaneo quotations:— Drodging stocks: Electric, buyers 3s. 9d sellers 51; Manuherikia, sellers 75.; Sailor's Bend, sellers ss. Mining stocks: Roxburgh Amalgamated, buyers 2s. 3d., sellers 3s. 3d.; Nokomai Hydraulic, buyers 19s. 9d., sellers £1 2s • Oonsolidated Goldfields, buyers 145.; May Queen, sellers Is. Id.; Now Sylvia sellers Is. 4d.; Talisman Consolidated, sellora £1 IV- % ; l! )?'. b F eTs . £1 w '- sellers £1 14s. 9d.; Waihi Grand Junction, buyers Investment stocks: National Insurance buyers £2 os. 9d.; Standard Insurance buvors £1 lis. 6d.; Union Steam Ship Co.. buyers £2 95., sellers £2 9s. 3d.; Wcstport Coal Co., buyers £1 Bs., sellers £1 Bs. 4d,- if Z Ooiil and Oil, buyers '3s. 6d.; Dominion Rubber, sellers £1 Bs.: Duncdin Stock Exchange Proprietary, buyers £3: Milbnrn Limo and Cement (£1), sellers £2 6s-.; NZ Paper Mills, buyers £1 os. 6d.. sellers £i 35.; N.Z; Portland Cement, sellers £1 Ug" 3d.; .Wright, Stephenson, buyers £5 10s '

For Bronohinl Coujihs and Colds, ( Woods' Great Peppermint Cure,, is, 6i«.