COMMERCIAL ITEMS.

Dominion, Volume 7, Issue 1900, 7 November 1913, Page 10

COMMERCIAL ITEMS.

INVESTMENT SHARES. . A sale of Leyland-O'Bricn Timber shares at 235. 9d. was the only troiifnction recorded yesterday. The quotations were as under:— Buyorj. Sellers. £ B. d. £ s. a. National Bank 6 7 0 5 7 9 Wellington' Investment ... — 0 11 9 Well. Trust and Loan ... 7 4 6 7 7 6 Chri9tchurch Gas — 7 0 0 Well. Gas (£10) 16 10 0 - Well. Gas (prof.) 0 19 6 - N.Z. Insurance 5 6 0 — GeaJ Meat (£1) 13 0 I) - Gear Meat (£1) 3 9 0 — Union Stoam (ord.) 14 3 — Union Steam (pret.) 0 19 3 0 19 9 Well. Wnullen (ord.) — 4 10 Leyland-O'Brlon — 14 0 Golden Bay Cement — 0 19 0 N.Z. Con. Dental 10 9 - N.Z. Drug - 2 6 0 HOARDING IN INDIA. Western civilisation and the spread of education in India, have brought with thorn the consciousness that some provision should bo made for the female members of the household so as to ensure them a decent competence. The result is that sovereigns are being absorbed in increasing quantities for the purpose of being melted for ornaments, and there i« no limit to the process. Personal credit where natives are concerned is almost unknown in India. Consequently, for a native who has no Government post, tlio easiest way to raise money is to pledge his wife's or his family's ornaments. Owing to the unwillingness of tile I'le.-idency banks to grant loans on the security of immovable iirouerty, the agricultural population has no alternative but to invost their javlniw in, i'vvrcb. Hcnco tteie flJtiolcfl form,

only convenient, popular, ant! cheapest way of raising loans, and there is nothing surprising in the disappearance of an enormous number of sovereigns. In commenting on tile evidence before commission, lvliich was given by natives ns well <i.s by Europeans, "Capitol" arrives at tho following conclusions That not oven tho complete covering- of the country ivith bank? would abolish hoarding as long as tiie present law of succession survives. That tho povc-rty of the Indian people is largely eelf-inflictcd, owing to the unproductive purposes to which they put their earnings, and that the practice of hoarding liatt a firmer foundation thfvn is generally understood.

WORKERS' COMPENSATION. Statistics whicli have been compiled by and published on tho authority of tho British Homo Ofttec give sdmo interesting information respecting the compensation paid to workers in certain industries. The figures show that during last year in seven industrial groups—mines, quarries, railnays, factories, harbours, and dscks, constructional works, and shipping—with 136,279 employers and close upon 7.5G0,0CQ employees, compensation for accidents was paid in, 3599 cases of death and 42,306 of disablement. In the former the average amouut of the payments made was £158, and in the latter it was £6 3*. Tho annual charge for compensation in the seven groups enumerated worked out, at an average of Bs. 7d. per person employed, representing factories, ss. per head; railways, 8;. 2d.; quarries. lis. 3d.; shipuing, 555. Jit.; constructional work, lis. 7d.: docl;- : \ 21.5. Id.; and mines, 21a lOd. In the coal mining industry the charge equalled I.OSd. per ton of coal raised. The total amount paid away as compensation was £3,174,181, or £17,699 moro than the aggregate for 1911. It is estimated that, including all casts and charges, the total burden borne by the industries covered by the statistics was about £5,000,000. The nflmbef of claims originating during the year andcoming to the cogni-ianro of the Courts before its close was 5858, a total which was regarded as relatively low. COMPANIES REGISTERED. . According to the "Mewaiitiio Gazette," the following companies have been registered:— Farmers' Co-operative Organisation- Society of New Zealand, Limited. Registered October 8. Offlco: Office of O. H. Buckexidge, Bridge Street, Bit-ham. Capital: £500,0C0, divided into SO.OCO shares of £10 each. Subscribers: D. Jlacß. Scott. B. P. Lomgarth, F. Lye, 0. D. Biokin, W. F. Coombridge, A. F. Symes, T, F. Alton, W. Jones, G. B. Hill, P. Palmer, J. B. Simpson, .T. O. Taylor, G. Gwynne, W. 11. Robinson. D. Todd, A. C. Johnstone, H. H. Burton, C, K. Honeyfield, ,T. Barkia. H. E. Batten, W. Skedgwell, li. Bremer. E. A. Gray, A. E. Death. A. Dew, W. G-unnabell, F. G. Bremer, P. .T. Petersen, J. M. J. R. Corrignn, A. T. Wills, G. H. Buekeridge, G. Hollard, P. AV. Allen, T. Herbert, C. E. Gigson. G. T. Davidson, C. C. Tarrant, C. C. Woods. Objects: To carry on the business of a co-opeTativo association in all it« branches. Show Card' Co., Ltd. Kegi-'tt-ergd October 30. Offico: 72 Eidgrway Strest, Wango-hui. Capital: £1200. divided into 60 sbar-os of £20 eacli. Subscribers: Wauganui—Jl. A. Pray and W. Tuck. 20 shares -caeh: A. P. London and F. K. Turnbull, 10 shares each. Objects: To acouire the patent rights for an invention relating to show cards, etc. Waihi Reefs Gigantic Consolidation, Ltd. Registered November 3. Capital: £150 000, divided into 150,C00 shares of f;i each, Sul>. scribcrs: Wellington—F. E. Petherick, E. Barry, C. Adams E. Jf. Boulton, and 0. Beere; Wanganui—S. Adams end A. TT. Lowis; all one share each. Objects: To work mining claims, etc.' LONDON MARKETS. Tho New Zealand Loan and Mercantile Agency Company, Limited, have received the following cablegram from their' London house, under date November s:—Tallow: We quote present spot values for the. follow, ing descriptions:—Good mutton, £1 '16s, 6d. POT cwt.; good beef, £1 14s. 6d. per cWt,; mixed, £1 13s. 3d. per *vwt. The market is firm. Wheat: Wo have sold on Australian cargo at £1 15s. 6d. c.i.f. Tho market is quiet, but steady, owing to favourable crop reports. Argentina outlook uncertain.

FINANCIAL CABLEGRAMS. By Telegraph—Press Association—Ooityrlgbt

London, November 4, Yesterday's closinc Quotations were as follow-

Bank of Australasia, buyers £113, sellers £115.

Bank of New South Wales, buyers £38, sellens £40.

Bank of Victoria, buyers £i 155., sellers £4.

Union Bank of Australia, buyers £M, sell erf, £55. . National Bank of Australasia, buyers £5 109., sellers £6. > National Bank of Now Zealand, buyers £4 155., sellers £5 ss. Bank of New Zealand, buyers £10 155.. sellers £11 15s.

N.Z. Loan- and Jlercontile Agency 4 per cent, debentures, £9 10s, City of Melbourne, 4 per cent, debentures." £99.

Melbourne Harbour Trust, 4 per cent, debentures, £97. . Melbourne Tramway Trust. 4J per cettt, debentures. £100. . Melbourne and Metropolitan Board of Works, 4 per cent. deb«nture3. -£9?. Australian Mercantile Debentures, DalMty and Co., 4 per cent, debentures, £89. Dalprcty and C-o.'s shares, buyers £6, sellers £6 10s. Melbourne Gas Co.'e debentures, £97. City of Sydney, £98. Goldebrouffh, Mort and Co. a debentures, £93 10s. Bank of New Zealand, 4 per rent. Guaranteed stock, £100.

NATIONAL BANK OP AUSTRALASIA. Sydnoy, November 6. The National Bank of Australasia has declared a dividend of 7 per centum. Thei chairman, in liis speech, n& aw not expect in the near future to see money at its former low levels, 66 any surplus was likely to be absorbed by Governmental and municipal demands for- Jiublic w>r«6.

AUSTRALIAN PRODUCE MARKETS. (Rec. November 6, 9.55 p.m.) Sydney, November 6. Wheat, 3d. sd„ 3s. 6Jd. flour, £8 10s. Oate, Algerian feeding, 2e. 4d„ 2s. 6d.; milling, 2s. Bd.i Sparrowbills, 3s. 2d., 3s. 3d.: Giants, 3s. 3d., 3s. 4d,; New £«ilnad A Cartons, 3s. 4d. Barley, Oape molting, 3s. 3d., 3s. 6d. Maize, 4a. si, 4s. 6d. Bran and pollard, £4. Potatoes). Taittanians. £6. Onions, Victorian, £? 10s. Butter, 6elocted. 1035.: secondary, 955., 98s. Cheese, 6d. Bacon, 9d„ lOd. Adelaide, November 6. Wheat, 3s. 55d., 3s. 6d. Flour, £7 165., £!. Bran and pollard, le. . HIDES. (Rec. November 6, 9.55 p.m.) Melbourne, November «. Hides market reports averttgo supplies, with good competition. Prices are unchanged. TALLOW. London', November 5. At the tallow sales 1090 casks were offered and 771 sold. Prices were unchanged.

SILYEE, London, November 5. Bar silver is quoted at 2?; d. per ounce standard.

LINSHED OIL AND TURPENTINE. 'Linseed oil, £22. Turpentine, 325. lid.