COMMERCIAL ITEMS.

Dominion, Volume 6, Issue 1852, 11 September 1913, Page 10

COMMERCIAL ITEMS.

INVESTMENT SHARES. The sales of investment shores recorded yesterday vrero Union Steam at 445. 6d„ Taupiri Coal at 21s. 6(L, and Watrujapa Farmers' Co-op. (£5) at £7 2s. 6d. The ouotatitnio wore as untleir:- . Hnvora. Sellers.

PYNK AND GO.'S ItKVIKW. The annual review of wool, live stock, frozen meat, laud and produce market*, i*<ued by JfossrA Pvne mid Co,, wool, brokers ChrUtclLiirch, is to limul. and U an publication. In their introduction tlie reviewers luave some very cheerful jmd encouraging remarks: "It seldom falls to tihe lot of a country to experience so long ami uninterrupted n period of prosperity, as that which. has pertained to tho ogrinuiltural ana pastoral portion, of the coin-mumty of New Zealand for uuite a decade, and of which the past «cason has been ono of tho best. It cannot be suggested the geographical position of tho Dominion haq had anything to do wit It this prosperity. Zealand being on the contrary, th» mostdistant of the British posecssdons from the. world 8 chief markets. Whnt may by claimed for it. however, is a splendid climate and fertile soil, which factors have, no doubt, been largely responsible for its wonderful development. The- fact is that the markets of th« Old World for our principal ! products have been on the up grade for some years, due hugely to increased cen-p-uniiptiou, that with favourable seasons liere, wo have bonn enabled to like full : advantage of tho improved position, «nd j to reap a rich reward from the resources 1 of the country, and the buoyancy of (he ; outride markets referred to."

' TIIE SEASON'S OUTLOOK". Writ-ins wit-h re-pwt to 1-he outlook for the s«ison now opomux, Messrs. Pyiie and Co., ia their annual l'ovierr, My:—'"Quit vooi olip should a{raihi bo a pood m

t>hero lias l>oon ample feed right through, an (I nheep have- dona veil. A favourable opportunity was also afforded for autumn grain sewing, which was taken full advantage of, the position in this rcspect beinjr in marked contrast to that, of last year. Current prices for dairy produce continue very luiph. and this branch of business is assuming hirge dimcmsionp, and is of a- highly profitable character. Enhanced prices for wool, moat and dairy produce, ; in addition to an increased output, are maitilv responsible for tho greatly dncrcflfiod value of our principal exports. If wo can only keep cuff imports down to a reasonable lewl we are then working on a sound basis, and one which should toon place us in such a position that a temporary tightness in the money market at Ilonie would cause mi but little anxiety or inconvenience liere." BRITISH TIIADE. British trad© iu Ansuet. showed a substantial declino in import?, the shrinkage amounting to £5,683,782. For the cgilit months ended Ausruat 31. there is a substantial increase, as the table appended discloses:— Imports:.

Tho acffrcpato figures for tho eight months eliow an increat'-o of £29,499,754, which. i 9 very satisfactory. Exports of U.K. Merchandise. Tho exports of merchandise for the cisht months? totalled £345,378,795, (is against £311.078,126, showing an expansion of £35,300,669. or more than 11 per cent. Tho Asures for ca.ch month are as under:—

The re-exports eTiow a skrinbago o' about ojis million sOerlin;:, tho figures beins made up as urnler:— £ £

N.Z. FAR3EERS' CO-OP. ASSOCIATION. Tho directors of tlie Now Zealand Farmers' Co-operative Aasooia lion of Canter- 1 -bury. Ltd., in. thoir report, fcr the year ended July 31, stale that "during the year 243 allotments of ordinary shares were mad?, represcntimi? 23G9 shores, iipon a basis of £2 pa*d-un and at a premium cf ICIS. cach share. The profit and loss account shows that tho net profits for the twelve months amounts to £-56,321 ss. id.. to which has to bo add?d tho sum of £3955 Is. 7d. brought forward from !a|t yenr. juakinscatctal to be dealt with of £60,2/7 6s. . lOd. Thiis amount is to be allocated as follows:—To pay 6 per ccnt. dividend on preference share capital, to pay a dividend and bonus eijual to 8J per cent, on the ordinary paid-up capita*, to r,ay a bonus of 5 per cont. on shareholders purchases of mcirch{i.ndie?3 during the y??.r. to refund 30 per ce»t. on Bundry commissions earned (net business and wool excepted), to carry £10,CC0 to tho m*rve fund, \?hi:h will tlhen stand at £111,154 10s.; to write 10 per cont. off machinery and plant; to maKo a contribution up.to £1000 towards the employees' superannuation scheme, and to carry the balance forward.

Ciii=tome duties .--ollectcd at the port of \Vellin«ton yesterday amounted to £1979 9s. 4d>.

FINANCIAL CABLEGRAMS. By Telcerapli—Press Association—Copyright

London, September 9. Yesterday's closing quotations wero as follow:— „ Bank of Australasia, buyers £116, sellers £ llanl£ of New South Wales, buyers £37, sellers £40. Ilc.nk of Victoria, buyers £3 155., sollera Union Bank of. Australia, buyers £52 10s., sellers £53 ICe. . „ National Bo.nl: of Austrajasia, buyers £5 55.; sellers £5 15s. Katioual lianlc of Zealand, buyers £4 lfe., sellers £5 ss. Bank of New Zealand, buyers £10 103., sellers £11 10a. i , N.Z. Loan and Hcrca-ntile Agency 4 per cent, debentures. If* ' , , City of Melbourne, 4 per ccnt. debentures, £33. Melbourne Harbour Trust. 4 per ccnt. debentures, £96. Melbourno Tramway Tmit. .45 per oent debentures, £100. Melbourno and Metropolitan Hoard or WorlM, 4 per cent, debentures, £97. Australian Mercantile debentures. £90. Dalgety and 00.. 4 per ccnt. debentures, end Co.'s shares, buyers £6, Eellers £6 10s. Melbourne O-as Co's debentures, £99. City of Sydney. £90. .... Goldsbrough, Mort and Co. s debentures. £93 10s. , Bank of New Zealand, 4 per cent, suarantecd stock, £100.

WHEAT. (Etc. September 10, 11.25 p.m.) London, September 10. The Agricultural Bureau at Washington estimates tlio United States spring wheat vield at. Wi.CCO.COO bushels. The wheat crop U set douii at 92.3; barley, 62.2; oat©, 81.9. The American visible snipp'v of wheat east of tho K-ockics is 55,818,000 bushels.

JIETAL MARKETS. (Kec. September 10, 11.25 p.m.) London, September 10. Copper—Eleotroly-tic, £77 fe Tin: £193 15s. (spot); £192 15s. (three months).

Buyers. sellers. £ s. d. , £ s. d. Jianlt of Xevr Zealand ... 10 -9 0 — Equitable Building — s u u N.Z. Loan and Mercantile (prof) 97 0 0 — Wellington Investment ... - "J ' Weil. Trust and Loan ... 7 1-6 7 2 6 Ctiristcli'iireli .Gaa — 7 0 0 Palmerslon 0®5 J.J ® Wellington Gas (£10) 15 17 6 Standard Insurant - ,i fS „ Clrriateiiurcli Jleat 15 5 0 15 10 0 Gear Meat (£1) \ J J Itoat Export (52s. 6d.) 3 1 6 3 3 0 r f. Shipping Is IP 0 Union Steam 2 4 3 2 4 9 Wellington Woollen, lord.) - 4 10 Wellington. Woollen (pref.) 2 18 6 - Westport Ooal ■ J ® Wcstport-StOL'kton - 0 4 1 0 4 3 Lcykind-O'Hrien - Tariiisamutu Totara ... I i> o . . . Guidon Bay Cement 0 19 0 10 0 K'larlaiid's preference ... 1 1 0 — W.F.C.A. (£5) - I*' W.F.C..V. (£1) ~ 1 8 J

1912. 1913. January 60,092,562 71,371,125 February 59,719,722 61,796,373 March 61,192,589 61,112,058 \nril 60,415,114 62,966,313 May 55,150,632 61,341,920 ,lnne 50,663,955 68,318.100 July 53,304,351 61.791.604 Aujru3t 59,686,976 56,003,194 <65,205,931 <94,700,685

£ £ January 40,416,812 45,445,699 February 37,490,329 <0.172,763 Starch 40,713,971 39,737.995 April 32,887,127 43,052,589 Jlay 38,832,475 43,858.262 June 34,972,331. .42,836.50) July 41,986,360 47,164,203 August 43,778,721 44.110.721 311,078,126 346,378,795 Re-exports.

January 9.594,626 10,705,951 February 10,724,619 10,746,251 Jforoh 10.E66.7C6 9,633,223 Am-il 10,084,058 10,060.720 May 10,825,143 9,370,315 Juno 5,738,549 8,541,117 Jlulv 7,093,669 8,311,343 August 9,957,760 '6,504,062 74,834,850 73,873,012