COMMERCIAL ITEMS.

Dominion, Volume 7, Issue 1906, 14 November 1913, Page 4

COMMERCIAL ITEMS.

iriVJBTMENT' SHARES. There were no! transactions In investment Shares yestpfday. . Tho quotations wero ttg under: 1 — .;,■-':'. ...;/.'•. ' ■ .v ,V': ,: '"'-". -:- Buyers, Sellers. •-.-■■'-■■■'. £ e, d. £ s. a. Bank New Zealand — . 1017 i National 8ank:...:.: .'.:.. '.5: 7 :0. .6 8 Equitable Building ....,..-815 0 -, . — Wellington Investment .... •—, , 011 9 Loan'...":..- 7 5 0 : — Ohi-istolrarch Gas .- — , 7 0 0 N.JI. 'Insurance -.:'.„....-: :. -5-9'o ' — Gear Meat (£4)'..'..... 13 0 0 ■ . . —. Gear Meat (£1) 3 9 0 — ' Union Steam (ord;) :.1;.4 0 .14 9 Union Steam (pref.) ....„'' ' " ■ 019 '9 Westport Coal_- ; :...-:.:.,.:....,.;.'1t11j;0 •- . '^Sib^GE^AND'iOariiTD. PpTythe ye'ai;;:endcd Juhb.'M, tho operations of DaTgcty "and Co., Ltd., resulted in a neV profit,of £223,337, establishing a TocoT'd' I'd. tMS'-bonhection. .-'This compares. witJi<!s2l7,W'-'«v -1912., with'' £219,138 in 1911,. andc-'-WithT':£22l,BCß,--in 1910,-- the last-named being tho nearest'approach to this year's earnings..... Iho sum. available is £307,532. of which .'the, 1 ordinary shareholders receive £80,cet),''"represchtlne;' a,;.return -of 8 per cent., half being-paid in. May as an interim distribution. Preference shares get £25,000 at the stipulated rate of 5 per cent. To allocated, raising samo- to £550,000; off cost of premises £50,010 is- written;.- to staff, benevolent fund £10,000 is added, and a balance of £92,532-is 'carried forward.' The profits and appropriations for,tho last two years compare as under:— ' ■■■.*—^-'•«------:- "" —1912. 1913. : - Not profits .::..'!.. : ;. : ..... 217,438 •- 223,377 , Available 299,155 307,532 .Pfcferencß v divldehd ' 25,000 :23,0C0 Ordinary ' dividend , 80,000 80,000 To reserve ..'..;'. " 60,000 50,030 Premises 40,000 50.CC0 -To staff -fund- '..:..'.• 10.000' 10,000 Balance 84,155 • 92,532 Tho return to shareholders is at the same rato as that of-tareo.preceding years, and. the apportionment of profits, ia on tho usual conservative lines: On this-occasion £10,OCO less is placed to reserve fund, but promisee havo been written down,-by',-£IO,CCO moro than in 1912. disclosed' reserves and undivided proflt^nbw'.amount 'to- £642,532, I ■as icomparod .with . £584,155. .in 4912, and £sil;m- In 1911." Of-the total-profits earned by the compartyi'since .'July, :.1884,. amounting to £3,353,006, no lesa than £902,532 has been retained 'in tho business,' and £60,CC0 has" been added--to tho staff- benevolent fund. -The' paid-up.capital is £1,5C0,0C0. of which £500,000,i5,,in 5 per cent, preference eharos,' of £10,'. each ' fully '.paid, and- 'the, balance oonsisfs "of 2C0.C00 ordinary shares of £20 each,-on'-'which £5' per sharohas beeif.'j'paid.'. Theidi'vidend. ; will-:bo payable on Novem-ber 26.' ' ' 9 .,; BANK: ; '6li i^lAltSTKALisiA. i Lord ''A'ldeiilia^l','. presided' at.'tho half-, yearly meeting of the Bank of Australasia, held,,,in'.Loh'dpn on October' 3. He eiiid: "111 v -:tho last - few- years, iwo have always begun' these'meetings by.-saying-that wo havo had a very prosperous.your, that tho Reasons- have been good,'and'that apparently tho ceasons aro continuing to bo good. I am glad to be able to say that onco -again...- 1..d0.n0t-.think;-.'-however;:that: any o£»:fou who'remember, the many years of tup;' drougnt time, during which tho chairman had, to beginiwithi a very different story—the best he Jfoulrt; say was that he hoped tho dfouKhtliwasrjcomlng to ; an end—will feelw.oji'-'i'tfll '. ; iilolinod' ,to ;blamo ■us for.not having f (io'pnrted,<fr(Jmi what, has been bur practice .•duriiig'i* all 1 , these years, namellr, to streh'gth'en --'thb" hank in every way. " As you have eccn by tho report, we have recommended that another £50,CC0 be placed to the rceervo and that another £20,000!: bo applied in reduction of bank .premises. You have for many years supported'us in making theso appropriations, nnd i'am quite; Certain 'you will support us again. > Tim; nccauntsi. do not present any vory largo variations. • Comparing them with thosd.-.pxesented.'.a-ycar ..ago, which is fafrei - !. than to compare them with those for the- immediately preceding half-year, you will see, that .specie, bullion, Government notes and cash balances have slightly increased.'■"• Loans at call. have diminished.

Most |6f money., has hcen put into securities.'and a goad'deal v 6f it haa cone in furthe]i\3dy.an,ce3.' IJOri: the,,other ride, our ' (iirenlatiop '.is again, down, a little. That,-as lirik'beeh explained to you several times ''before,.,proceeds; from our circulation all 'tliro'ugh ' Australia ' having been withdrawn by the Act whiohmade it i'nijjracticablo for nny but the Commonwealth , Government Bank to -issue ,notes in Australia.' Our deposite have been a Rood deal increased, which'.'is'a very 'satisfactory feature. They have risen from £18,196.000 *o' £18,515,CC0." ' AUSTRALASIAN WOOL .EXPORTS., Tho wool exports from Australasia for the rfour months' July 1 to : Oetober 31, ■ compared, with the figures for tho corresponding; four months of last year, as compiled ■py Dalucty and Co., Ltd., show tts under:— 1912.' 1913., Bales. Bales. N.S. Wales 222.781 248,778 Victoria ..:.'.." 44.637 eS,BS3 ■ S. Australia ....: 57,382' . 66,194 • Ouocn?lahd ....:. 69,361 170,481 W. Australia ....'. 18,561 . .18,200 Tasmania — — Commonwealth ... 412,722 562.476 New Zealand 33,459 35-.015 ", «6,181 ' 597^491. Thoro" V ah increase of 151,671 bales, of which, the Commonwealth accounts for 149,754.' LONDON . MARKETS. The New Zealand Loan and Morcantilo Agency Company, Ltd., have received the follovnng cablegram from .their London house; under date November 12:—Tallow: Wo quote present spot values for the following descriptions:~Good mutton, £1 16s. ner cwt.: (rood beef, £1 -14s. 6d. ner cwt.; mixed, £1 13a. 3d. per cwt. The market has a lower tendency. Wheat: Sold on Australian cargo at 345. lOJrt. c.i.f; The, market is firm, but inactive. Prospects point to a fluctuating market. WHEAT. Jjy Ti!legrnz>n-Pi'«3s ' Asscciiitfo'n-Copyrißht ' vßec. Noyombcr 13, 9.50 p.m.) London November 13. Tim American visible sflpply of wheat east of the Eockios_i3 110,599,009 bushel*. P, AND 0. COMPANY. ' . London, Novombor 12. Tho seniiMUtec-and„Oricntal.iiteam Navi- • itemm- a -dividend SI SStelSd shares of 61 per cent, and a bonus of 5 per cent.

WESTERN AUSTRALIAN LOAN. London, November 12. The Underwriters receive 7B per cent. of tho West Australian 4 per cent, million loan at £97. AUSTRALIAN PRODUCE MARKETS. (liec. November 13, 9.50 p.m.) '. ■ . Sydney, Novornbor 13. - Wheat, 3s, M., 3i> 6(1. Flour, £8 lis. Oat?, -Algerian feeding, 2s. 4d.. 2a. 6d.; nulling, 2s. Bd.. • Sparrowbills, ' 3s. 2d., -3s. 3d.; Giants, 3s. 3d., 3s. Id.; New Zealand A Gartons, 3s. 4d. Barley Oapo 'malting, 3s. 3d..'35; 6d. Jlaize. 4s. 4d.. 4s. fid. Bran and pollard, £4. Potatoes, Tasmaniaus, £6. Onions. Victorian, £7 10s., £8. Butter, selected,-10&.; secondary, 93a. Cheese. 6d. Bacon, 9d., lOd. Adelaide, November 6. Wheat, 33. s}d.,'3s. 6d. Flour, £7 12«, 6d., £8.-. Bran; and pollard, lid. . HIDES. (Roc. November 13, 9.50 p.m.) Melbourne, November 13. Hides.—A good cataloguo was offered, but bidding was quieter, prices being oneeighth, lower.