COMMERCIAL ITEMS.

Dominion, Volume 6, Issue 1690, 5 March 1913, Page 10

COMMERCIAL ITEMS.

INVESTMENT SHAKES. A sale of Union Steam rights at 12s. 6d. was tho only transaction recorded yesterday.- The Quotations were as under:— Buyers. Sellers. £ rj. d. £ s. d. 'National Bank — 6 0 0 Equitable Building — 9 12 6 National Morteago 3 19 0 — N.Z. Loan and Mercantile 0 9 6 Well. Investment 010 3 — WelK Trust and Loan .... — 73 0 (Jhriirtchurch ©as 7 6 0 712 C Feilding Gas — 10 3 Napier Gas (£10), - .2u 0 U Napier Gas (£5) — 10 0 0 Patmerston N. oa3i 8 15 0 — Well. Gas (prcf.) ...! — 10 0 N./5. Insurance 5 3 0 — S.B. Insurance 315 6 — Christchurch Meat 15 5 0 — Mea,t Export (52a. 6d.) 2 16 6 — N.Z. Shipping — 16 10 0 Union Steam 2 7 0 2 9 3 Union steam (rights) 0 11 3 — Well. /Woollen (prcf.)' - 2 16 3 Hikurangi Coal — 0 17 0 Taupiri Coal — 13 0 Leyland-O'Brien THnber... 16 0 ,17 0 Golden Bay Cement — 10 3 Manning and Co 3 18 0 — N.Z. Paper "Mills — 1 0. 0 Sharland's ordinary — 110 Whitcombe and Tombs • 6 8 0 W.F.C.A. (£5) — .750 W.F.O.A. (205.) - 19 0 NATIONAL, MORTGAGE AND AGENCY OP NEW' ZEALAND. The report of the National Mortgage and Agency Company of New Zealand, .Ltd., for tho year to September 30 last, states that., after paying all expenses in London and Now Zealand, interest on debentures, and a bonus to the staff, and making full provision for bad and doubtful debts, and depreciation on premises, plant; etc., tho balance at credit of. profit and loss account, including the amount brought forward, is £52,666. From this an • interim dividend of Is. 6d. per .share has already been paid, and it is proposed now to pay a further dividend at tho same rate, with a, bonus of 23. per share, both free of in-oome-tax, making. 121 per cent, for tho .year; to add £15,C00 to the reserve fund, making it £195,000; and to carry forward £12,666. Tho directors state that during the past year the business of the company has progressed on satisfactory lines. Wool, frozen meat, dairy produce, and other exports have all met good markets, ■and prospects for the. coming year aro promising,

"UNION BANK.

Tho "Financial Timec" of January 22, to hand by the last mail, has the following reference to the above bank:—There aro two points of vital interest covered in the report of the Union Bank of Australia for the six months ended August 31. • Ono is An announcement of a coming increase In the authorised capital from £4,500,000 to £6,000,000 by the issue of 20,000 new shares of £76. The other ie the rccuiost of the directors to obtain wider powers in the invest--ment of that portion of the bank's reserve fund which is hold in' the name of trustees.-' At present such investments aro •restricted by the bank's articles of association to inscribed or registered stocks of or guaranteed by the British Government. Having fegard to the experience of this bank in common with all other holders of Consols, the directors' proposal :s not 'surprising. A3 regards the working* results of the bank substantial proerere has been made. Gross profits were £341,500, as compared with £306,£00 in the corresponding 'lialf'. of £1911,. a.nd ■ working expends amounted to £185,900, compared with £171,200, The net profit, therefore, worked out o-t '£155,600, an increase of £20.000. The directors, after declaring a dividend and bonus at, tho rate of 14 per, cent, per annum, "the same as a year ago, place £50,COO to reserve, raising the total 'reserve to £1,450,000. A year ago th<> reserved amounts were £30,CCQ, of which £20,000 went to tho reserve fund and £10,000 to premises account. The balance-sheet shows a drop of £650,000 in tho denosit". which flgurn for £21,927,500. but- bills discounted and loans, at £16,302.700, stand within 1 ' £152,CC0 nf the total at tho corresponding date of 1911. I f

TRADE IN.' ALLEN STREET.'.. Fruit—'The transhipments of bana.iia.v ox Talune at Auckland frOm Fiji -came to hand in fair and medium bondition. The Moeraki is due from Sydney to-day with shipments of grapes, passion fruit,, and pineapples. The demand for plums, peaclxs, pears, aa;<l is good, and values havo improved since last week. Consignments of, theso fruits can - be recommended. , Tomatoes—Heavy consignments of Huttcrown tomatoes aro reaching tho market daily, and prices rule low. Vegetables — Green peas are.im strong demand, cabbages show a slight improvement in value, carrots and parsnips are more plentiful. White turnips are making satisfactory prices'. Potatoes—The bulk of the supplies reaching the market are coming -from tho south, and as . the cowjumptiiK) demand is good, supplies art being quickly passed into retail hands. Onions.—Tho market is extremely bare just now, but shipments are due from the south next week. Pickling onions . are in good , demand at ljd. to lid. per lb. Flour is selling .at £8 10s. to-£8 15s. per ton f.o.b. south, lees the usual trade discount. / Pollard is extremely scarce, and is selling at £7 ss. to £7 10s. per ton. Bran is in large supply, ahd is quoted at £5 to £5 ss. per ton. Maize.—Very little offering, The quotation fqr prime sample is 4s 1 . 9d. to 4s. 10s. per bushel. - Oatmeal meets with very Httlo inquiry at £13 to £13 10®. per ton. Oats.—Tho bulk of. tho dun oats coming from the south aro oxtremely light, both in colour and, quality, while some really fine samples of Algerian oats 'are offering. Short feed oats are selling at 2s. 9d-. to 2s. lid. per bushel; feed Algerian, ?s. 9d. to 2s. lOd.; Eecd Algerian, l 3s. to 3s. 3d.; dun oats, 2s. lOd. to 3s.' Hay has very little jnouiry at £4 10s. to £4 15s. per ton, for good quality. Chaff.—New season's, prime oaten sheaf is selling at £5 per ton, sacks in. Fowls', wheat—Prices range from 4s. to 4s. 4d. por . bushel, according to sample. Fresh eggs are 6elline at Is. 4d. to Is. sd. per dozen,, according-to brand.. ■ Butter—Prime milled, in bulk,-has good inquiry at 9Jd. -per lb.; good- quality. 9d. Partridge peas are quoted at 3s: 9d. to 4s. per bushel. • . Prussian biro peas are selling at ss.' 9d. to 6s. p?r bushel. • Cape barley is quoted at 3s. to Ss. sd. per bushel. Poultry.—Hens, 2s. 6d. to 3e. 6d. a pair; cockerels, ud to ss. a pa.ir; ducklings, ss. to 65.; Indian Runner ducks, 4s. to 55.; turkey gobblers, lOd. to la. per lb. . live weight; hens, Bd. to 9d. ■ Customs . duties collected at the port of Wellington yesterday amounted to £4326 ss: Bd. BRADFORD TOPS. - Messrs., Dalgety.and Co., Ltd., "Wellington, have received tho following cablegram from their London office, giving the Bradford top quotations- at February 28. .as follow (figures in parentheses being those at January 31):— d. d. 36's 16 (15) 40's 16* (153) ■ • 44's 161 (153) i . 46's 175 (17) 50's 215 (ZOi) 56's 24 ' (234) 58' a 25 , (25» 60's (common) 29 ' (284) 60's (super) 294 (29) - M's 305 ( 293) 70 s 311 (30J)

BILVEE. 9 . By Telegraph—Press Association—Copyright London, March 3. Bar stiver is quoted at, 27 7-16 d. per ounce standard. MINING NEWS. WELLINGTON SHAKE MARKET. Thero wero no* transactions in mining Gh-ares yesterday. The Quotations wero aa under :— ! Buyers. Seller*. ' £ 6. d. £ 8. d. Kura.nu! Caledonian 0 0 10 0 1 0 Mountain King 0 0 1 — Murray Greek (old 0 5 9 s — Murray Orek (now) 0 6 9' — New Svlvia / 0 0 9 0 011 Old ITauraki ; 0 0 3 Ko3S 'Reconstructed — 0 511 Swastika 0 7 0* — Raion 0 0 5 — Talisman 117 0 . 117 6 Waihi 1 12 0 1 12 6 Waihi Grand Junction ... 1 1 3 - 119 Waihi-Paeroa '. -- 1 11 (1 Waiotalu ! — 0 2 0 ♦Pretn.'um. i STOCK EXCHANGE. * (By Telegraph.—Press Association.) Auckland, March 3. The following business was dono at the 3.15 p.m. ca.ll to-day:— Monowal, 3Jd, ' • Saxon, 4id. Victoria, 2d. Waihi. £1 lit, 64.

Union Steam, £2 Bs. Auckland Trams (prcf.), £1 Is. 3d. Wilson's Cement (ord.), £1 Bs. Auckland, March 4. Business done on 'Change this morning:— South British Insurance, £3 16s. 6d. Auckland Gas, £3 3s. Union Steam, £2 ss. 6d. Waiotahi', Is. lOd. Watchman, 2s. 3d h Ross, 55.. lid. Waihi, £1 12s. 3d. Now Waitaia, Is. 4d. Christchurch, March 4. reported:—New Zealand/ Farmers, Dunedin, March 4. Tho following sales were made on the Stock Exchange, to-day:— Talisman Consolidated. £1 17s. Union Steam, £2 Bs. 6d. MOUNT MORGAN MINE. By Telegraph—Press Association—Copyright Brisbane, March 4. The Mount Morgan returns for February show that 24,417 tons of ore treated yielded 708 tons of copper and 98310z. of gold to the total value of £83,849. LONDON MINING QUOTATIONS. London, March 3. Yesterday's Stock Exchange quotations wore:—Waihi, 325. 6d. (buyers), 335. 9d. (sellers); Talisman, 375. 6d. and 425. 6d;