COMMERCIAL ITEMS.

Dominion, Volume 6, Issue 1847, 5 September 1913, Page 10

COMMERCIAL ITEMS.

INVESTMENT SHAUES. Tho fflles of investment pharos recorded < yesterday wero Wellington Trust ajklLojui, < £7 25.; Wellington! Woollwi (preference). £3 la; Taupiri Coal, £1 Is. 6d.; and Ward and Co., £5. Tho quotations were us under:— „ „ Buyers. tellers. £ s. d. £ s. d. Bank Now Zealand 10 9 6 10 12 6 Well. Investment — r}. 5 Foildtng Gaa ~ 014 6 I'alincraton N. Gas 9 0 0 — Well Gas (preference) ... 15 17 0 — ■ Standard, Insurance _ — 1 12 3 Meat Export (529. 6d.) 3 16 3 3 6' N.Z. Shipping 15 10 0 15 15 0 Union Steam 2 4 0 — Well. Woollen (ordi) 4 2 0 Well. Woollen (pref.) - 3 2 6 Taupiri. Coal ~~ i 1 ? Wcatport-Stockton — 0 4 6 Leyland-O'Brien — 14 6 Taringaniutu Totara 2 4 6 — Golden Bay Ccmont ...... — } f 2 Rharland's preference ... — 1 J \ W.F.C.A. (£5) - W.P.C.A. (£1) - 1 " 3 AUSTRALIAN WIDOWS' 1 FUND. Mr. Simon Fmzer presided at the annual meeting of the Australian Widow/ Fund Association in Melbourne. Ho said that there was now £37,100 in band; with tho view of placing the whole of the policy liabilities of tho A.W.F. section, at a later date on a 3 per cent, (instead, of 3i per cent.) pure premium valuation, to coino into line with tho basis of tlio valuation of tho MJi.C. section. When tho STim required to carry out this important step was accumulated the individual bonuses to the inemtycrc? of the A.W.F. section would be still further substantially increased. It way pleasing to be continually receiving from mombers expressions, of their complete satisfaction with the excellent bchus adults on their policies. He would asrain romjad them that their principal officers estimated that the outcome of the union wotold be an increase of about lCu per cont. on tho avenag© in the bonuses to A.W.F. policy-holders. Thi3 had been more than fulfilled. Tho continued great success of the union was very satisfactory to the trustees, who -unanimously recommttided it to the members, COLONIAL STJGAJR COMPANY. The Colonial Supar Refining Company has issued notices to it 3 shareholders with regard to the allotment of now chares, which arc being issued out of accumulated profits in the proportion' of one share to every twelve shares hold. The position has been explained by the chairman of tho company as follows When addressing shareholders on October 27, 1910,1 ie stated, that their investments in Fi.u had be&n practically paid for out of profits, tho amount required for this purpose cor- , rosponidinp .to the earnirngs of their bneiOiUitsade Australia during the last 15 years, and since then there had_ been no. retrogression, in the course of their affairs. 1 Indeed, it could be said that these words applied then' to all their assets outside ; Austra-lia, which could be regarded as wholly covered by amounts they had from 1 time to time pet aside to provide for the replacement of plant when worn out, for the business generally. Iho 1 statement 'of their affairs put beaore share- | holders last April ought therefore be taken las dealing with their assets in tho ComI monwealth, and these stood at less than I their cost, without taking into account tlio balances they thought it weill to keep in hand to tide tho company over any dam: culty that might, befall them. ■ When, or how. Biidi difficulty might, come they could mot predict; but they must always bear in mind that the reduction of w-aste Vj , their manufacturing operations—which had I beam the -practical factor in their succOsses —had readied a. point when further pavings could not oae.ily be made; indeed, they might, not. find it cosy to hold tho position, thoy had gained in this respeot. Still. ; they now feel justified in advising the dis- | tribution of tho accumulated profits new capital, and in- prouosLng that the shares ; thus created should carry dividend from April 1. • • HIDES AND SKINS. Importations of hides and skins into tho United States "during 1912-13 represented' a larger total value than in any earlier year, and oxccedod that of every other class of imports, except coiTee. Figures covering the term ended May 31 last, which ho>ve> been compiled by the Bureau of Foreign. an-d Domestic Commerce, indicato that tho quantity and value of imports of tho item mentioned in tho fiscal period under notice wero practically double those of a deoado ago. Tlio aggregate value i for tho twelve months last completed is given as approximately £24,000,000, as against £11,6C0,CC0 in 1903, the ouontittes being about 600,()00,CC01b. and 319,000,C001b. respectively. Tho value of hides alone Toached, in" 1912, nearly £B,CCO,COO, and of tho initako more than £2,000,000 worth was obtained from Europe, about £1,600,C00 ■worth from* North America, and close upon £4,000.000 worth from South Amorica. Argentina was by far tho most important supplier, with Canada second and Mexico, next. The value of the calfskin, received from outiido States was £5,300,000. Russia in Europe beinsr tho chief source, with sup-plies valued at £1,800,000. Gccat skins apparently play an important part in the-leather manufactures of the United States, the requirements being drawn from no fewer than 75 countries. Amongst those India occupies foremost position, the monetary representation of her contributions in tho year under review amounting to between £1,400,000 and- £1,600,C00. Russia is mainly depended on for horse flkins, nearly £400,000 worth bein? imported in tho financial term under review. COMPANIES REGISTERED. , The following appear in tho list of- companies registered published in this week's "Mercantile Gazette" Rasoy Co., Ltd. Registered August 27. Capital, £15C0, divided into 15C0 shares of £1 each. Subscribers—Wellington: J. M'lntoShs A. Mackenzie, R. P. Stewart, F. Rasey, A. Lovy, J. H. Young, E. J. Oolley, all ono share-each. Objects—To acquire certain licenses to publish and 6ell copyright advertising matter, and to adopt an agreement datod August 18, 1913, made between Abraham Levy and others, known as "Tho Rasoy Syndicate," firefc part, and J. S. Barton second part (trustee), being an agreement for tho acquisition of rights to public the advertising services and publications of "Tho Carlton Service Club, Ltd.," fmd "The London Newspaper 6ervice, Ltd." Brandon Street Oh ambers, Ltd. Registered as a private company August 30. oflice-20 Brandon Street, Wellington. Capital, £6125, divided into 1225 f.p.u. shares of £5 each. Subscribers— Wellington: M. Chapman, 490 ; 0. P. Skerrett, 326; L. 0. 11. Tripp, 326; A. W. Blair, 83. Cooper's Retail', Ltd. Registered as a private company September 1. Office—26 Victoria Avenue, Wanganui. Capital, £3000, divided into 3000 shares of £1 eacll. Subscribers—Wanganui: S. E. Cooper, 2050 f.p.u., 250 ord.; S. Kaganski, 400 f.p.u., ICO ord.; J. Heim, 2CO f.p.u. Objects—To acquire the business of S. E. Cooper and Co. and Kaganski and Co., both of Wanganui, J. E. Evans, Ltd. Registered as a private . company September 1. Office—lsß Lamhton Quay, Wellington. Capital, £2CCO, divided into 2COO shares of £1 each. Subscribers—Wellington: F. J. Evans, 1000; H. M. Evans, ICOO. Objects—To acquire as a. going concenn the saddlery and general leather worker's business now carried on by Mary E. Evans at Wellington under the wtylo of "J. E. Evans." Taihapo Printing and Publishing Co., Ltd. Registered as a private company August 29. Capital, £SCOO, divided into SCOO shares of £1 each. Subscribers—Taihape: j H. D. Bennett, A. L. Arrow-smith, G. Bray, 1 A. E. Wakeam, A. Nathan, E. E. Wilson, A. C. M'Leunau, A. E. Gibbons, R. W. Smith. . Moawhango—M. Morrison. All 500 shares each. Object®—To purchase and take over tho undertaking, etc., of "Th& Taihape Post j Co., Ltd.," as a going concern. | Hawko's Bay Fimdt, Produce, and Cool' Storago Co., Ltd. Registered August 28. Oflice—Market Street, Hastings. Capital, £20,000, divided'into 20,C00 ehares of £1 each. Subscribers—A. H. Bale, 200; B.- Chambers, 300, W> Purvis, ICO; A. H. Russell, 200; W. Sisson,' ICO; S. Watson, 200; H. Williams, 582. Objects-To carry on the business previously carried on tho Hawko'o Bay Fruit Growers Co., Ltd. Now Zealand Brushware Co., Ltd. Registered as a private company August 12. Office—Hawera. Capital, £1800, divided into 18t0 shares of £1 each. Subscribers— F. W. Wilson, 600 f.p.u.; A. S. Tonks, 300 f.p.u. and 300 con.; L. S. Tarrant, 3CO f.p.u. and 300 con. Objects to acquire the busi- , neas of a brurhmalvor heretofore carried on at Hawero, by Frauk Win. Wilson undor tho style of "F. W. Wileon," Customs duty collected at. the port of Wellington yesterday amounted to £2417 7s. LONDON GRAIN PRICES. The New Zealand Loan and Mercantile Agency Company, Limited, have recciveit the following cablegram from their London house, under dato September 3Tallow: We quote present spot values for the following descriptions:—Good mutton., £1 Bs. per owt.; good beef, £1 15s. 6d. per ewt.: . mixed, £1 13s. Tlio market is inactive. Wheat: We havo sold an Australian cargo at £1 16s. l|d. c.i.f. The market is firm, but inactive, owing to bad weather, and tho United Kingdom outlook is uncertain. We quote, per quarter c.i.f., New Zealand wheat:—Long-berried, £1 145.; short-berried, [ £1 13s. 6d. Oat.9: Gartons, £1 Is. 6d.; \ Sparrowbills, £1 Is. Tho outlook is dis» , cournginff. | PACIFIC CABLE BOARD. |By Telegraph—Pres-j Association—Copyright London, September- 3. Tho Pacific Cable Board's receipts for I the year' wore £167,900 and the expenditure b £121,625, leaving £32,269 to be provided by tho Imperial and Dominion Parliaments. HITDDAKT-PAli KER COMPANY. Sydney, September 4. 1 The Huddart-Farker Company lias dp* * olurod an interim dividend for tho half* year ended Juno 30 of 6 pcc coiitum.

RIVER PLATE SHIPMENTS. London, September 3. River Plato shipments of mutton this week total 160,673 carcasses; lambs, 61,703 carcasses; frozen beef, 81.5C0 aunrtere; chillod .beef, 255,500. ' LINSEED OIL AND TURPENTINE. London, September 3. Itaw linseed oil, (spot pipes. £~> per ton. Turpentine is quoted at 3tt?. sd. TALLOW. London, September 3. At the tailor- eales, 1514 casks wero offered and 31S &old. Prices realised Mutton* fine 38s. 04.. medium 355.; beef, fine 375. 6d., medium 3'te. 6d. WHEAT. (Eec. September 4, 11.35 p.m.) ■ - London, September ! The wheat market is steadier, with little bidding; 355. 9d. has been offered for Victorian cargo by sailer (April), and 365. 6d. for Australian January and February cargo by' sailer. ■AUSTRALIAiN PRODUCE MARKETS. (Rcc. September 4, 9.10 p.m.) Sydnoy, September 4. Wheat, 3s. 75d., 3a 7Jd. Hour, £8 15a. Oats, Algerian feeding, 2s. 6d.; milling, 2« 10d.; Sparrowbills, 3s. 2d., 3s. 3d.; Giants, 2s. 3d. Maize. 4«. Barley, Cape malting, 3s. 3d., 3s. 6a. Bran, £4. Pollard, £4 ss. Potatoes (Tasmanians), £6 55., £6 15s. Onions, £6 10s., £8. Butter, selected, 1125.; secondary, 108s., 110s. Cheese, 7d. Bacon, 9d. Adelaide, September 4. Wheat, 3s. 7d., le. 7»d. ■ Flour, £8, £8 2fl. 6d. Bran and pollard, Is. Oats, 2s. 2d., 3s. '■ HIDES. (Reo. September 4, 9.10 p.m.) Melbourne, September 4. The bides market reports average supplier with, fair competition. Prices generally are one-eighth lower.