COMMERCIAL ITEMS.

Dominion, Volume 6, Issue 1646, 13 January 1913, Page 8

COMMERCIAL ITEMS.

',' INyESTMENT SHAKES. ' The sales recorded ion Saturday wereNational Bank at. £5. 175.; Christchurcli Gas, at £8; and W.cstport Coal, at 275. The quotations were as i under:—. I'. -'■■■.. Buyers, Sellers. ••'■■'■.;•,■.■.-!. ; - £ s. d: £ s. d Bank New Zealand ......... 10 19 0 . — • N.Z. and Rivcr l Plato ..... 2 1 0 ." .'.; — ■■■ Weil. Trust and'-Loan ... ; — . . 710 0 Gisbornc Gas' '— ' 2-0 6 Napier Gas '.....:..'..' :..'."— 21 n.-'-n. W»ll. Go.s-(third issue);.'. — ' 14 15 0 S.B. Insurance —..: : . '. — '3 14*0 Standard Insurance ..' . : — l lj' 3 Gear-Meat-'(£4) •...'..-.........„ 12-o'o ' '12 7 0 Meat Export (£4) : '— 5 0 0 Moat Export (525. 6d.) ...... • — ■' 2 18 0 N.Z. Shipping ."14 0 0 - Kaiapoi Woollen '.:■■-■ — VVo, Well. Woollen :. 3 15 0 3 16 0 Golden Bay Cement ....... : —' ,10 9 i '2103 Saarland s ord. ......:........ — 110 W.F.C.A. .............'. - • 7 5 0 • LONDON. WOOL SALE. The first of tie 1 series of London wool sales for the'current year will begin in Coleman Street ;to-morro\v evening. Altogether about 135,000 ;bales are to .be offered, and the statistics compare as under:— •Jan.) 1913. Jan., 1912. ' . ■•■-,, . ' Bales. Bales. New arrivals 282,500 352,000 Sent direct 149,500 181,500 . ' ' . . 133,000 , 170,500 Brought■• forward '.„....-': -2,1X0 I ■ . v 9,50& ■ \, i ■ ■ ■ '■ — , ■ '.-.■•>'•' 135,000 180,000 • The -quantity to be offered is less tlian a year ago, the textile trade is booming and : tlie. wool is wanted. Against this we' nave the fact that prices are high, money is dear, and the political situation In tiiol Near East ra still very much unsettled. The main factor is that the wool is want-1 ed, and while it is hardly reasonable' to expect prices to go higher, there is evcrv warrant for hclieving that the market will be firm at November rates. i. . TWELVE MONTHS' EXPORTS. The values of the principal products exported last year exhibit a substantial increase, over those of 1911, and the details compare as under:— " ' 10t!> 'ion

20,078,605 • 17,594,965 The increase in value amounts to £2123. 641, equal to nearly '12 per cent. Dealing with quantities there are increases in butter and chcose, frozen beef and mutton' and a slight shrinkage in lamb. Wheat exported was only about half tho quantity in 1911. The past year was an excellent one for oats, as tho exports totalled 4.125,520 bushels against 73,126 bushels In 1911. Potatoes also show a great expansion, tho.-total being 19,984 tons, against 1254 tons. The failure of the Australian crops and tho consequent high price of the tuber accounts for this. There was a shrinkage in the quantity of hemp exported, but owing to an advance in prices tho return from tho smaller quantity was much higher. The exports of tow, koitri gum, grain and pulse, hops, hitlee, skins, talloiv, timber, and woo! were largerthere wn-i' a shrinkago in the gold exports, the quantity being 343,162oz„agaJnM 455.1860z. in 1911. The higher export return, if not oifEet by excessive imports, will help to incfoaso confluence. • !"

ready been paid as on interim dividend.The directors recommend that £3256 Is. 10d., from the profits, bo added, to the resorve fund, together with premiums from tfow shares, £4743 ICa. 2d., making it £60,000, and that a further dividend of £4716 3s. sd„ should be-paid, being at the rate of 4j per cent, for the half-year ended December 31, 1912, on the paid-up capital, the dividends on the instalments and calls of the new shares being calculated ,ns from the due dates of paymeut, leaving £1913. os. 9d.,.-which, after providing £500 for.poesiblo depreciation, will give £1413 Cs. 9d,-to.be carried forward.

;At-tho! extraordinary general meeting called by circular of July 20, 1912, and hold i on August 6,'1912, the nominal • capital of ■ the company was increased to £300,000, and it was resolved to-offer to shareholders 4750 new £10 shares, to be called up at present to £5, in order to make the paidup capital £125,000. Of the- first instalment of these new shares, 4236 were applied for and oilotcd, on which all duo calls havo beeft' paid, tho balance being payable on March 20, 1913. Tho balance of 1454 new shares were offered by circular on October 29, 1912, for application on' or before January 20, 1913, the greater part of these have already been applied for. The balance-sheet at December 31, 1912, now submitted, shows that tho expectations expressed to shareholders, by tnc circular of July 20, 1912, have, so far, been fully sustained, and that the results indicated justify the directors in recommending tho shareholders to approve the payment of a dividend of 4J per cent, for the half-year. Tho revenue derived from interest, rent fees, etc., during the year totalled £27,093 6s. 6d.. and there. was brought forward from the previous year £1843 13s. 10d„ making a total of £28,937 os. 4d. The disbursements show interest (£12,259 fe. 3d., charges and expenses' £2742 10s. Id., making a total of £15,001 145.. 4d., and leaving available £13,935 65., as.stated above. . CUSTOMS. Customs duties collected at tho port of Wellington on Saturday amounted to £1062 18s. 4d., the total for the week being £20.057 4s. fid. Tho returns for each of the past eight weeks, compared with the figures for. the corresponding periods of ; last year, show as under:—. s . '. 1912-13/ 1911-12. ' '£ £ ' November 23 11,083 10,176 November 30 10,008 . 20,482 December 7 23,217 9,870 December 14 12,821 18,858 December 21 26,501 15,579 ' December i2B 5,958 12,536 . January 4 . 18,051 .15,434 -, January 11 20,057 24,024 " '.. . ; ' ■■£127,956- £126,959, , .The beer duty collected.for tho week'.totalled £205-45., as against £19 for the corresponding week last year.. •. ■ FEEDING MABKET BEPOET. Messrs. A. H. Atkinson and Co., Ltd., report a brisk market on Friday in all lines, a large entry of pigs selling particularly well.' Fruit and produco was in full supply, and everything was cleared under the hammer.at good prices. They tiuoto:—Weaner pigs, 10s. 6d„ Us. 6d„ 12s. 6d„ 135., 145., 145., 6d.; slips, to 15s. 6d.; stores, 175., IBs., 20.5. 6d., to. 245.; slight porkers, 275., 285., 295., to 325.;' pony, £6 10s.; aged horses, to £3 55.; phaeton, £7. Poultry, at per pair: Hens, 25., 2s. 9d., 35., 3s. 6d., 3s. 9d., 45., to 4s. 3d.; young.cockerels, 2s. 6d., 3s.;..chicks, 9d, to 25.; turkey hens,.9d.; 'ducks, 33.; geese, 6s. Dogs,lo3. to lis.; pollard, 10s.; bran, 4s. 6d.; wheat, 45.-6 d..bushel; cherry plums, per half-ca6e, Ib. 6d., Is.' 9d., 25.; nectarines, <s. 6d.; gooseberries. Is. 9d. to 2s. 3d.; small apples, Is. 9d. to 35.; fresh peas, 2s. to'-Zs.-6d. per sugar, bag: rhubarb, 6d. to 9d.; banana', Is. 6d. to 25.; peaches, 3s. to 4s. GRAIN MARKET. ' .'■ (By Telegraph.—Press Association.) ''•';■:■ ' Oamaru, January 12. Tho wheat market, is. slightly weaker than beforo ■' tho holidays, ■in sympathy with Itomo vprices. Tlie sale of a largo mixed lino of velvet and red varieties is reported at 3s..Ed.,.subject to commission. Another mixod line on tho trucks at a.oountry'station has been sold at 3s. 7d. for velvet, and ,3s. ,sd. .for Tuscan net, and on tho rams terms, 3s. Bd. and 3s. 6d. respectively were given for a smaller'lot, but rcduciblo by brokerage, and other lines have been disposed of at about the samo figure. The oat market is • firm, but few aro offering. A line of fCO sacks A Grade Gartens sold during tho week at. 2s."net at a. country station, while other lines have been; sold at tlie'same flgurc. D Grade.has sold at. Is.': lid., net 'at country stations, and for-Danish a penny less was given. :,'. LONDON MARKETS. ' Messrs. Dalgcty and Company, Ltd., Wellington, have just received .tho following cablegram from London, dated January 9. Frozen Meat.—Market Quiet, ■ but ilrm. Small supply now season. New Zealand lamb 7,d.i-;iNc\v- Zealand -ntotton, 6di; botn very scarce. Last season' 6 stocks almost .exhausted.; .•.:,-.::■. •' •■'•■■..- ..."..,. ■ Beef.—lios6 demand owing to fall-in price of chilled. . Imports of wool into London—The'. imports of woo! for tho year amounted- . to 1,112,000, the chief importers ■ being as'.follow:—... <• ' ...... ..■-.•:. ... ' , ...'•'. -.Bales. Dalgcty and Co., Ltd. '....; 79,000 Bank of New Zealand •.:......'..'....;..... 65,000 Union' Bank of Au5tra1ia.'..'......'.....-...., 51,000 James Morrison and Co.,' Ltd.. ...... 46,000 Sanderson, Murray and Co. ':'.'.„■!....'..' 45,000 N.Z. Loan and M;A-. Co., Ltd. ........; 43,000 Bank of New South Wales: ...' 34,000 Eldor. and Co., Ltd ; ,;, ;. 33,000 FROZEN MEAT.. By Telegraph-l'ress Association-Copyright (Rec. January 12, 5.5 p.m.) London, January 11. The Incorporated Society of Meat Importers' Smithflold market -Quotations for the undermentioned classes of frozen meat are based on actual sales of not less than ono twenty-five quarters of beef of fair aver'age "quality. -.Tho quotations are not for hundred carcasses of mutton or lamb, or selected lines, but for parcels fairly representative, of the bulk of tho shipments now on tho market. The prices which follow are on the average a farthing per lb. more than the values ex ship," thiß difference representing the avorago coat in expense, handling,. conveyance, and selling tho meat:— ' ' . '

I oner i-Jiiw;, uuucu uuius 1 oa •None offering. Rabbits are firm and "unchanged, THE UNION BANK. ,':' ■-.'■'" London, January ID, . The TJnion Bank deposits total a. sum of £21,927,522; cask investments • and remittances, £10,158,414; and ,bills, £16,302,674. The directors propose to create 20,000 additional shftresi" making a capital o! '£6,000,000,

'. 191?.. ... '1911. ■ ■ •■• ''£ £ ' ' Butter-. 2,094,739 '1,559,315 - . g'lceso ...-.'. i... 1,683,592 . 1.181.082 Beef ,..,..; .' 331,448 - 296112 ;. button •_.. ...1.573,260 ,1,155 390 ' fe«nb ......:.... 1,925,740 1934 663 .Wheat 95,702 219182 Oats '484,546 9249 - Potatoes . 150,209 6 339 Hemp 380,093 314 835 Rabbits 55,578 80112 Tow • 32,083 25,760 Kauri sum 401,305 395707 . Grain and pulso .173.046 1C6'593 Hops ; 21,101, n'214 Hides , 221.696 . 165 757 Skins 836,761 716 097 Tallow .' 688,129 -608,760 Timber 491,842 440 270 Wool 7,092,932 6.548 509 Gold 1,344,754 1,816,989 ■

' ', ' - . Jan. 4, Jan. U, Mutton— '• d. ... d. ■ . • . " Canterbury, light * . ' »'. ..' Canterbury, medium * '. * i an-.- :..y, aeavy • . • Southland ........' * * North : Island, bcBt * * ■ North Island, ordinary ..-. 43 . 45 Australian, light 41-6 315iV6 Australian, heavy *• * River 1'i.itb, light...-..".....;.;,, ■• ' ■ • River Hate, heavy 4 3-8 • 43-8 New Zealand owes , * . * . Australian ewes .;..; .'... 4 ■ 313-<6 Hivnr Plato ewes ..* ♦ ■- Lamb— . ' ' '". ' , Canterbury, light 5J 5S , Canterbury, medium 53 53 Canterbury, heavy ....;...■.;■'■*■■. •. Southland • » ' North Island, ordinary ;..?* ' • North Island, selected ... * . • ' Australian,:.best' : ..:.... '* ... , * 'Australian, .fair •■ '* . Australian, inferior ...... * * River Plat*, first » • • River Plato, second * * Beef- ' ' New Zealand, ox (ores ... 3J .' , 3J ' New Zealand, ox hinds ... 31 3U-16 Australian, ox fores 3 3 Australian,' ox hinds ...... 38 ' 3J River Plate, frozen fores 3 3 River Plate, frozen hinds 311-16 ' 1%. River Plate, chilled fores 3} 3 i River Plate, chilled hinds 4 11