COMMERCIAL ITEMS.

Dominion, Volume 6, Issue 1648, 15 January 1913, Page 10

COMMERCIAL ITEMS.

INVESTMENT SHAKES. " The market for investment shares ■ was quiet yesterday, the only transaction recorded being a tale of National Bank .shares at £5 : 18s. The quotations were as under:—' i

• N.Z.,LOAN, AND" -MERCANTILE.. \ ■ < Tho accounts of the-.How Zealand Loan 1 and Mercantile Agency Oo.', Ltd., fOr tho year ended Juno 30,11912, show, gross profits £439,185, .a-gainst '£425,021 for the - previous year. '- Deducting interest and- charges, the result compares as follows \ • . 1910-11. 1911-12. " ■' ' ■ £\ £ Gross profit . ~439,185 Interest .0...'..!..'.. V.L.J 'M&tf- > ! 116,212 Chargos " 198,339 ' 211,805 Nat profit 110,470 ; ;;111,168 To'tho net profit, of £111,168 is to be added £293 brought forward, making together £111,461. Out of this £60,0C0. is carried to reserve , accounts, £20,0C0.is written off .promises account, £6349 is allotted as bonus, to staff, £SMO as contribution to staff benevolent fund, while dividend of 71 per cent, per annum, absorbs £10,151, and additional interest of 2i per cent, on .third, debemture stock £9588, leaving a balance. -ofJ £372 to carry forward. Tho foregoing appropriations are similar to those for the previous year. iThe addition of £60,C00 to reserve' accounts from profits, ; and £50,C00 from, surplus realisations ,of properties handed over by the old company, brings the reserve accounts up to ,a.total of £720,CC0. 'The ' balance-sheet' figures aro summarised in comparison with tho two previous, years as. follow June 30, June 30, ' i, ;. "■'••• 1911. ' -1912, . £ £ , Capital 135,350 135,350 Reservo accounts 610,C00 720,C00 Appropriation account ... 20,032 ' 20,112 Debenture stock 2,857,370 2,857,368 Bills payable -149,887 -47,758 Current ■ accounts ............ . 252,261 . .182,689 N.Z. Land Association ... 473,880 , 512,615 Other items 42,220 - s [ 42,220 ; i .: . '4,541,c0r ;■ 4,518,152 Cash, ■ investments, ad- ' - . vances on.wool, etc., and - ' • ! . current accounts ......... 1,587,507 . 1.6C9.041 Merchandise 18fi.97.l- 209.947 Secured loans, etc 1,668,758. 1,651,634 Properties and. stock 132,333 77,781 N.Z. Land Association 552,659 552,659 Premises 4121823 t 417,C89 Tho debenture 6tock is stated at £2,857,368, this being the net amount after eliminaing tho amount held by the company itself, £438,969. The cash includes loans in London' at short notice; £25,0C0, against £80,000 in\ 1911, and £310,C00 in 1910. The. report' states that in the South Island of Now Zealand sovero snowstorms ■ were experienced, causing somo losses-of sheep,. but in other parts, o'f ,tho Dominion the weather generally was favourable. ; Tho Australian wool clip shows a deeroaso,, hut prices are at a higher level. The capital rearrangement scheme, which was approved by tho shareholders at meetings held on April 18 last, received tho sanction of the Court on November 26. Mr.-Warring-ton : Laing has been appointed chairman of tho board in succession to Mr. William O. Dawes, who, after acting as chairman sinco 1901, has resigned the position owing, to pressure of other business engagements, Mr. Dawes. remains a member of the board. - The acoounts of the Now Zealand Land Association, Ltd. (of which the Loan Company .li-olds all tho paid-up capital, £195,996, and debenture stock; £356,692) show for tho #ear ended March 31./1912. a net proQt of £19,339, to which is added £21,620 brought forward,, making to-sother £40,959. - Dividend of .5 : por cent.' absorbs £9798, leaving '£31,161 to carry forward. . The. association has a capital reserve account- £85,0C0, The assets include properties and stock £110,793, and balances due on- sales of land, £21,249. , , . , ■ ' TRADE IN ALLEN STREET. I'ruit.—Thn Manuka.-<iv> from. Sydner tiday, will land a small consignment of New s south Wales fruit. Kaspberriia la buckets continue to come in lreuiv troin the Motueka district. The IlawktTs Bay and Motueka" districts are sending forward fairly heavy supplies of peaches. Tomatoes are in bettor supply. ■ ' -. Vegetables.—Carrots, parsnips,] and cab- ■ lxagea aro selling frely at goocr prices, cabbages in particular being in short sup- ■ ply, and; consignments are recommended Lettuces are • plentiful, and prices are low French beans continue in good demand. Potatoes have eased owing to fairlj hoavy supplies. coming forward from the ' Auckland district: the current quotatior s is Bs. to . 10s.; for prime samples. . 3 Onions.—Victorian-grown are in hcavj t supply, and ma'dcrate-sized lots of New Zealand-grown aro coming forward. ' Flour continues at £8 10s.' to £8 15s.- pel ton, f.o.b. south, less the usual discount ? Pollard.—A fair business' is ' passing al 1 £6 ss. to £6 10s. per ton. s Bran ia slow of tale at £5 to £5 ss. pel e ton. . „ Maize is in moderate demand at 4s. 8d t to ss. per bushel. Oatmeal is without alteration at £13 t< 3 £13 10s. .. ■; - Itollcd oats, in 41b. bags, aro selling a' f 9s. per dozen, and oatina at 9s. ,6d. i, Oats.—Heavy supplies of discoloured oat. o are available at 2s. to 2s. 3d. por bushel „ Oood bright short-feed oats aro ruling a 2s. 9d. to 2s. lid., feed Algerian 2s. lOd. t< 2s. lid., and seed Algerian at 3s. 3d. Hay has very little inquiry; prime qual ity is quoted at £5 per ton. Chaff, prime, is selling at £5 to £5 5s per ton, sacks in. Fowls' wheat.—Primo whole is quoted a 0 4s. 2d. to 4s. 4d. per bushel. :s Fresh eggs 'have experienced a furthe: o decline, and -aro now selling at lid. pe; e dozen. • Butter.—Prime milled ,in bulk, is quotei at lOd. to 101 d. per lb., and good qualit: . at 9d. Margarine, in 281b. tins, Scottish manu U facturo, is ruling at Bd. to BJd. p6r lb. Choose.—Best, factory,, modium size,' 6Jd per lb.; loaf, fid, to 71d. Poultry,—Firat grade ducks aro in o< piuid at ss. to 6a por pair; hens, 3J, to 4j,

cockerels, <s. to 4s. 60.; turkey gobblers, lOd. to lid. per lb., live wegiht; turkey hens, Bd. to 9d. Rice meal is dull of sale at £5 15s. per ton.. "•- Barley meal is in poor demand at £5 per ton. Pea meal is selling at £5 15s. per ton. Split peas—New Zealand,. 17e.; English, 19s. - Partridge peas have fair inquiry at 4s. 9d. to ss. 3d. Whole linseed is quoted at 17s. to 18s. per cwt. . Customs duties collected at' the port of Wellington yesterday amounted to. £1042 9s. Bd. , . ' .. t THE MEAT MARKET. ' .- t Messrs; Mollsop, Eliott and Co., ngenta i: for Mcs&TS. Gilbert Anderson and Co., re- t port under date December 6, 1912, as follows:—Supplies' of Home and Continental c meat have been on a reduced scale, and 1 prices are rather, firmer, dospit> damp and a muggy weather, which adversely affect the t sale of meat. The quality' of new season's B Australian lambs being so poor and unreliable, a fresh demand has sprung up for ? old New Zealand, which, although staler, "■ arc of superior quality., Home-grown « beef: Scotch" sides, 63d. to 7d.; English, C sd. to 61d.; Irish, 4»d. to 650. Mutton: " Scotch, 7d. to 71d.; English, 51d. to 61d.; j Irish and Dutch, 5Jd. to 6}d.; Scotch tegs, , 7ld. to Ed.; English ewes, Aid: to sd. "Lamb: , Scotoh, 7Jd. to Bd.i English, 61d. .to 7Jd.; ' Irish and Dutch, 53d. to 63d.; Scotoh hill lambs, 6id. to 73d.;'best pork, 7Jd. to Bd.; t voal, 81d. to ■ 9d. Chilled beef: Prices prac- 1 tically unchanged; fores, 3Jd.: hinds, 4Jd. <] Frozen beef: New i Zealand ' fores, 3ftd.; c hinds, 31dl; Australian,' 3 l-16d. and 3Jd.; , Plate, 3Jd." and 3id. This represents a rise , of. about an {d. all round. Frozen mutton: }. Position is firmer still. Prices are dearer, ' and show no sign of falling. Canterbury, a 43d.; best New Zealand. 4 U-ied.;. other t New Zealand, 48d. to 51d.; Australians: f good, 51d.; fair, 5 3-Bd.; inferior, std. \ '.', 'GRAIN'MARKET. . \ (By Telegraph—Press' A6Sociationi) ■ € , ■ '■'Christchurch, January 14. 1 -There is a little inquiry for wheat, and ( a small amount of.business-is being done ■] bbtwesri merchants and millers, but no ( grain is offering from growers. ' « j No threshing of new oats-bas : yet been don;, but it is expected a start will be ' maJ>e this" week: Early cut oats, except 1 Algerians, are .'expected to be very light, ] as the hot' weather just prior to the cut- ( ting ripened the crops off too, fast. ] Samples of new grass-seed that have . been offered are very light, and have been: ' prematurely ripened through the Iheat. . WHEAT. 1 By Telegraph—Press Association—Copyright j (Rec. January. 14, 9.35 pm.) | London, January 14.-, ( Wheat ia quiet... Two Australian cargoes i have been sold iit 1 383. and 385., 41d. respcctitely; Victorian sailer, January-Feb-ruary .shipment, - is quoted at 375.. 9d. . ' silver. ~;!'''--, ,;■. : ■ -.■'•<.. . [ .London, January 13. Bar silver is, quoted at f 29id. per ounce standard.'- -•..'■■ '. ,

under:— . ■ - > ■ Buyers. Sellers, • £ s. d. £ s. d Bank New Zealand ...-11 0 0 11 5 0 N.Z» Loan' and Mercantile 0 8 4 — : Feilding Gaa : . 1 0 .3 Standard In6Uranee " — .112 3 N.Z. Shipping 14 0 0 — TJnion Steam v — , 0 Kaiapoi Woollen — .5 5 0 Well; Woollen (ordinary) 3 1-5 0< — , Jlikurangi Coal — 1 .11 0 Golden Bay Cement • — '!'■ 1 1 0 N.Z. Drue - . 2 10 3 •'Ward ana Co. ' 5 2,6 W.F.O.A. .7 o o t 5, 0