COMMERCIAL ITEMS,

Dominion, Volume 6, Issue 1772, 10 June 1913, Page 8

COMMERCIAL ITEMS,

INVESTMENT SHARES. The>ro wero sales of Shajlnnd's ordinary and preference at 225. 6d-. each yesterday. These wero the only transactions recorded during the day. Tho quotations were as under:— Buyers, Sellers. £ s. d. £ 6. d. Metropolitan Building — 12 9 0 N.Z. Loan and Mer.' (10s.J 010 6 . — N.Z. Loan and Mer. (prcf.) 96 0 0 99 0 0 Wellington Investment ... 0 11 3 — Well. Trust and Loan 7 3 0 — Well. Deposit 0 5 3 — Cltristeliurch Gas 7 10 0 7 15 0 Napier Gas (£10) 16 0 0 — Well. Gas (£lP> 16 0 0 16 6 0 Wellington Gas (pref.) ... 1 0 0 — Christchurch Meat 15 10 0 — Jfeat Export (525. 6d.) 2 19 6 — "Union Steam 2 1 6 2 2 3 Mosgiel Woollen — 3 12 0 West-port Coal 16 9 — Westport-Stocktoii 0 3 0 0 3 6 Taringamutu Totara 2 2 6 2 3 b Golden Bay Cement — 1 0 J Sharland's ordinary 1 2 0 13 6 Sharland's preference ... 1 2 0 — Ward and Co 5 0 6 - — Customs duties collected at tho poTt of Wellington yesterday amounted to £2386 13s. 9d. """ N.Z. PAPER MILLS CO. LOSS ON FIRST YEAR'S WORK. (By Telegraph.—Prees Association.) _ □ unodln, June 9. At tho annual meeting of tho Now Zealand Paper Mills Company, Mr. Prank Mitchell, chairman, announced a . loss on the year's workings for tho first time in tho hostory of tho company, duo to disastrous floods at the end of March. Tho loss then sustained swallowed up tho balance of tho profit yarned during the year after paying -the interim dividend. Thero will bo a month's lees earnings in tho present year. Tho company was singularIy unfortunate in having this loss following so soon on tho . Woodhaugh fire. Shareholders had reason to bo gratified that tho position was not woree. The paper-making industry continued *So Euffcr from the dumping process. Quito recently a quantity of papeT was gold on tms market at prices not allowing 1 any marcin, for the manufacturer. This was much to be regretted. The directors were taking active steps to deal with the difficulty, and from the favourable Teception accorded their representations by the Minister for Customs wero hopeful that such amendments of the tariff would bo made as would enable the company to copo successfully with this competition. Though they had suffered a. severe set back, the chairman sees no reason why the company fOioiild not soon again bo earning diviThe report indicated that tho flood at tho end of March hod damaged flock to an extent estimated <it while £1200 would probably be required to complete renairg. . , , The report and balance-sheet wero adopted. Mr. Mitefrcll /rctinne director) was reelected. and Mncsrp. B-o.rrellary and Co. (Duncdin) and Mr. E. W. Bruce (Auckland) wero reappointed auditors.

HIGH COMMISSIONER'S CABLEGRAM. Tho Department of Agriculture. Industries, and Commerce has received the following cablegram from the High Commlssioner for Iscw Zealand, do-tod London, Juno7. (Quotations, unlc&3 otherwise specified, are average market prices on spot):— Mutton.—Tho market remains firm. Tliero Is a. good demand for all quantities of mutton. Canterbury, 4Jd. per lb.; lightweight, a small supply ,as high as 43d.; North Island, 4id. ... Lamb.—'The . market opened weak, but to-day is lirmer, and there is a prospect of improvement. Prices have declined except for light-weight, for which there Is a good demand. Canterbury, ,6|d. per lb.; two's, heavy-weight, 53d.; other than, Canterbury, 5Jd. to 61(1., according to weight. Beef—The market Is weak on account of large arrivals. New Zealand hinds, 35d. per lb.; fores, 3Jd. Supplies of Amoracan chilled beef are large, but prices aro firmer for fores. Hinds. 4d. per lb.; force, 3 l-16d. , „ Butter.— I There has been no ait«rataon in the market slncc Inst week. Tainnl but-" ters not discharged. Choicest New Zealand per owt., 1155.: Danish, 116f>.; Australian, 1C&.; Argentine, 1025.; Siberian, 10 Olicr«e -Tho market Is slightly weakei, with less demand. Talnul cheese, discharging now, apparently has not been affected by accident. New Zealand white, per cv.-t., 60s. 6d.; coloured, 58s. 8d Hemp.—The.market continues dull. Small business doing, and prices weak in New Zealand market. New Zealand, good fair, nor ton £29: fair. £26, any positions. Stock. 670 tons. Manila prices have declined owing to boar operation, but a good business has been done at reduced rate. Fair current Manilla. £30 to £31. any position. Tho output from Manila for the week w«s IG.OCO hales. . Kauri Gum—The -market if firm with Improved demand. Nothing offered ot Thnn=div's »ale. Stock, May 31, 203 tons. Dark brown, selected, Tcscrapcrt, £7 to £8: dark brown, three-quarter ecraped. 955. fn 1055.; tliree-nuartcr chips, drossy, 10s. to 605.: rescraped .polo amiier. £12 to £14; threcnnnrter pale, scraped, £9 to £10; diggers ehio®. good, 70s. to 80s. Oats.— I The market is dull; verv little business dolni*. ■ Trices have sllshtly advnnml for all grades. New Zealand nuts (Danish), ex granary, per quarter of 3201b., "peas— The market ia quiet, but firm at |«,st quotation =. New Zealand peas (Faxtrid?e\ per 5041b., 40s. >• ■Bftjuii.-Tlio m&rliot la &ra. - yh«9'la ft

nmall supply. New Zealand beans, f.a.q. (old crop), per 5041b., 42s._ Wool—Tlio .inarkot rcnuuns flrtu. Wheat—Tho market is nominally un changed. New Zealand supply lw praot.lcally exhausted. Messrs. Dalgety and Company, Limited, have received cabled advico from their London office as under;—" Bradford tops: Prices unchanged." LONDON MARKETS. By Telcgriph—Press Association—Copyright London, Juno 8. Cotton, is quoted at 6.40 id. por lb. New Zealand Hemp—Tho market is inactive. and prices aro tending downwards. Jute—Native first marks, May-Juno shipment. £29 ss. per ton. Rubber.—Fine hard P.ua rubber is quoted at, 3a BUI. per lb. . Copra as .in moderate supply, and fair business is doing. South Sea, ill bags, £28 10s. per toll. . MANUFACTURED METALS. Tin-platos— I.C. coke, 14s. 6d. per caec; I.C. charcoal, 15s. Gd. Fencing wire, £7 15s. per ton, Anglo steel, £6 12s. per ton. Wire-netting is quoted at 60 por cent., ] and 5 per cent, off list prices. ■ WHEAT AND FLOUR. London, Juno 8. The wheat and flour afloat for tio United Kingdom totals 3.825,000 quarters; for tho Continent, 3,235,000; Atlantic shipments, 692,000; Pacific, nil. Total shipment to Europe during tho week amounted to 1,700,000 quarters, including 115,C00 from Australasia.