COMMERCIAL ITEMS.

Dominion, Volume 7, Issue 1959, 16 January 1914, Page 10

COMMERCIAL ITEMS.

- . . .IS VESTMENT SHARES. ~" 7 The transactions recorded in investment shares yesterday were: Hank <>t Zealand ftt £11 7s. 6d. aua £11 Bt. Cd.; Hank of New Zealand rights to rew shares, £5 in.; Union Ennk, £iB; aud i.cyland-O'Bfien, 23i-. 6d. 'Tho 'quotations were as follow:— Buyers Sclidre £ s. d. £ b. d. Union Bank 57 0 D — . Bank New Zealand UTS — Bank N.Z. (rights) 5 0 0 5 5 0 National Bank 5 5 6 5 8 0 Equitablo Building ...' 9 0 0 ' — ■ Well. Trust and Loan ... 7 7 0 - Chrietchurch Gas 617 6 7 0 0 Gieborno Gas 3 16 — Wellington Gae (£10) - 16 17 6 Well. Gas (preference) ... 0 19 6 10 0 National Insurance 2 11 0 — S.B. Insurance 40 0 . — Standard Insurance.: — 113 0 Christ-church Heat 15 18 0 — Gear Meat (£4) 15 10 6 — Gear Meat (£1) 3 7 9 - TJnion Steam (ord.) — 15 3 Union Steam (pref.) 0 19 6 10 0 Well. Woollen (ord.) 4 0 0 - Taupirl Coal 113 - Westport-Btookton — 0 4 0 Leyland-OJJricn — 14 0 0. M. Banks, LU 110 - • Golden Bay Ocment - 018 0 JOINT STOCK COMPANIES. The "Mercantile Gazette," • issued this week, records the registration' of the following companies:— ' Mangahao Co-op. Cheese Co., Ltd., HeEist-ered January 9. .Office, Ma,in Street. Eketahtma. Oapital, £liO3 into I*o nltarcs of £1 each. Subscribers—Monnntaiiioka: T. K. Mneon, H, O. Ytvtes, J. C. llmittr, i\ 8. K. Broixd. F. V. Bryant. 'IVll. Qiddinice, J. A. Boss, all M Blinrcg each. Objects: To tarry on othe buwinoiis of ft co-opera-tive association in nil its tranche!. . ■ Kautritikei General anil Co.-oii. U'iinlior Co., Ud. itesrisiCTe dJanuary 10. Ofllco. 'J'ailiajM;. Capital—Uniileil by euarantcA maximum amount £200 e'a-ch. Hubfcrihero— Taihape: VT. G. Hayhittle. U: Alexander, 11. ff. Smith. Raetihi: J. f. Punch. Utiku: A. I'. Gibbs. Waimatc:H. Parkca. ()wha,nso: A Oarlson Obiectr,: . Timber mcrchnnt3, aawmlllere, and incidental Land Agents' Guarantee Co., Ltd; (Tile). Heeifitcrsd December 22. 19U. Oftlco. Queen Stteet. Auckland. Canital-.EIO.CCO into 200 shares of £50 each. Subscribers -Ancl(|and: W. Garrctt, H. E. Vaile. J. H. Jackson, li. C. Tmvsley. D. Koy. A. M. Bryden. W. D. Jl'Loan. all one share each. To execute and deliver tp the propor person or authority appointed under the Land Agents' Act, 1912. bonds mado theravndor €evcralb- conditioned against default by meaibers ssVeiallr, cte.

SHIPBUILDING IN CANADA. According to "The Times," it is understood that the. capital needed for the development of Messrs. Armstrong, M'hitwortn. and Company's new slop) works : on the banks of. the St. linwrcnce, has been provided. Good prosrets is boiiig made with the. layiiig-dnt of tlio works; and in a little while the manufacture of forsihgf, ehinbiiiidinK sections, castings; shnftiriss, and high-speed .tool-- steel will bo commenced. It is stated that the enterprise is associated with the larger scheme of mafcidr Canada Eelftoontained as iar as tho construction of m-ar •re'erels is concerned. The Liverpool "Jourpal of Commerce" refers to: .a, ehipbuildinKjard'to be started at Sydndy.'.Oapo Breton., in' which -Messrs. John Brown and Company and the I'airfield Company are concerned, and the r*rae journal stafe that Measrs. Cammoll, Laird and Company a'i-o credited with the intention of building wor and merchant ships..at. St. John, N. 8., where a,,big port improvement: scheme aa beinir carried out by Messrs.. Norton. Griffiths,, and' Co.. while at .Montreal Messrs. Tickers,' Limited, of Barrow, will soon bo in a position -to undcrtako' conatriictidn work. . • EXPORTS OP PEODUCK. '. Th?;:-values of tho' prin6ipal products exported from New Zealand during'the first half of December, compared with "tho .figures for tho corresDbndinir period of 1912 show, as under:— 1913. 1912: . £ £ Butter „.. 193,615 211,1 M Chce-eo .' '.. 87,796 • 153,958 . Beef .>.,..-.„......... 2,568.. 3,109 . ' Mutton— . . ..-■-•■'■ Carcases 19,616 27,323 Less'and pieces ; . '.•Zβ 44 Lamb - ..:..;. 5855 " 8,738 Wheat ...': U '.-' 4.691. Oats :...:. 68: 22,4« .:PotatoeV ■ -.5 .'. 1,625 Hemp : . 6,124 ' 25,034 Babbits arid, hares... 11,026 6,933- " .Tow.. ....... ; 1,033 -.3.069 ; " Kauri E'um 32,837 ' -4,943 ' Grain and puleo 123 ■ 12.323 ■ . ■Hides 8,931 ■ 4.9 M Skins 23,444 33,852 Tallow .... 9,166 10,539 Timber 10,355 19100 Wool 198.855 2ii ,776 Gold 155,569 40,755 771,471 8C6.643 ,- WEIjLIXGTON TECST AND LOAN. . ■'The report of the directors of the Wellington, Trust, Loan, and Investment; Co:, Ltd., for the year 1913. elates that, during the first half of the year tho duo balances of tho n'cwlYrSUbscribed: shares and . premiums .thereon were-.paid, and the. latter have been carried to reserve'. The total paid-up capital .now i 3 '£'25,1)00.. -The sum to tho credit of, profit ■ and loss on the year's working, together wtih the :amount of £1413 Cs. 9d., broueht forward from tho previous year, amounts to £13,586 10s. lid., from which £5604 Us. lid: has -been piiia as intcris dividends The directors recommend that a further dividend of £5625-be declared on the paid-up capital for the half-year ended December- 31, 1913 (makins 9 per cent, for .theiyeart. and:.that £(115 11s.' bo added to the reserve fund from tho profits (in addition to £3514. 9s.'eharo premium's), iirakipe . it : , £64,000,.. and that £1,871" Bs. be carried forw.ird. The amended articles woro confirmed by special < resolution made in general meeting, held o't Wellington, February Iβ, 1913. Tho retiring directors, .by rotation, aro. the: Hon. ■ Sir James I'rcndergaet, Kt.. ana Mr. John Alfred Pliminer, who, beins eligible, offer themselves, for , reflection. The auditors, Messrs.-. C. P. Powles. and Erne.it W.Hunt. olfbr themselves for reelection-' •; ' '-" .- . ' \ LOKDOX; MARKETS. Kew Zealand Lean • and Stefcantile' , Agency Company,-. Ltd;, ..havo ; received the following cablegram froni their London .house, under, date;- January', 14:—Tallow: We ' quote present spot .■valuta 'for: the" following: descVrip-plons:—Good) "mutton. ~WS; W. per cwt.; goo"d beef, 34s..;pcr'cwt.; mixed, 335. per'cwt. Tho market is riUiot. Wheat:' IVe nave sold an Australian. c<irgo. at iiis.. 6d. c.ilf. ■ The market is" firm. . Tlnire 13 a fair demand, bat tho outlook is uncertain. CuEtoraa duty collected at t.hp port.of Wellington yesterday amounted to £4381 16s. Id. X.S.W. SAVINGS BANK BATE. /_. . '. ■ ' Sydney, January 15. Tlie Commissioner of the New South Wales Savinje Bank has Hied the rat« of interest on deposits.- for tho current year at 33 per cent.; J per cent, lower than in ins. LONDON WOOL SALES. By Telegraph—Press Association—Oopj-r.'u&i LondoDi January 14., At the wopl. sale's there wai_ go'od competition for sill (irialitjcs at' opening rates. Prices for shabby' merinos were occasionally barely maintained.' Messrs. Murray, Eobert! and Co.. Ltd, nave receive'* the fopowing . cablcE'ram, dated - January t< , .,. from their 1.-ondqri friends, Messrs. Sanderson, Murray; and' Co.:—"Scoured merino, faulty and inferiors market weals', a.rid-h'a's dcclincd's per cent. , '" STDXET- WOOL SAtp. ■■(Ecc.-Jaaarv 15. -11.40 p.m.)-.. Sydney;. January 15. The west's wobl salce closed with keen Competition. Thero v&s- a general demand for all the better classes at tho beat late rates. Tho' demand for lower qualities ,wae hardly so'-active'; Grea3y went up to 153 d.; Bcbu'red. to -21' d. .■-.•■ LINSEKD OIL AND TUHPENTINE. London, January 14. Inneeed oil, .£24.155. Turpentine; 32a. 6d. -.-.-• ' ".'.■.'.'" TEARL., SHELL.: ' •'.: .. •■'■" :' • • January , . 14; , At the. pearl shell, sales, of. Arpe, there' was, offered "800 "cases ,and 200 sold; r of Tliursday Island, 6CO wefo offered' and. Dα). cold; W(;st : 'Australian, .1590 offered, and 600 Bbl'd. Prices' realised':—Aroe.Vchiclren'.'iisHt medium; I!isd. : ; medium,'- bold, 16 J-odr,. Btubby, lid.' Thru£day';ls!aqa;i3d;, 16Jd-'. .and'Ja. West Australian, 13a., 15Jd., 103 a. ; ; ';.••■■ 'HAhhdW::.:, ■.; ..-:'• . •' - : --• -.-.; ;Upndon, January 14.'' -At- tho tallow sales, -1421 casks were offered ; -a'nd,'6H, sold). :. Prices • realised:— llutton, fine, .13s. 6d.; bcf,.'flno,' 33a.. ', AUSTHALIAN- PIiODUCE > MARKETS.'" : (Jtec. , January. :'{&■. 9jSS}'ii.m.)\. .'■■': "■ " ; '' ■'■■■'. Sydney;' January 15.;, /Wheat',; 3a. SJd.,' 3s. 6d. . Flouf. £7-' 10s.; £7 15s. .Oafc Algerian.feeding;/25.-43.-to &. Set.;..milling, Bd.;, SiiarFowbills,- 36. Id,' to 3s'.."'2d.j Giants,'3s.'2d. t6'3s. 3d.;. iCow Zealand,. A Gartons,.. ls. 3d. -.Barlcv, Cape malting, Zβ. 6d. Maize. 4s. fid. Broßd, £4 S3. Pollard, £4 lOe. Potatoes. Tasmantan. £3. £8 10j. ,£B. .Butter, selected. lMs.; secondary. IOC.;. Cneeie, 6d. Bacon, Bjd.- to' 9&. ■''... ■ .■-•■'- : 1 ■ ~ Adelaide,- January. 13. Wheat. 3s. 6d.' to &.- 6Vd. Flour. £7 15s; to £8. Brand and pollard, lid, ■ . HIDES. Melbourne, January. 15. Hides are in fair eupply; competition is less active and prices are Id. lower. PAHMERS' tJJSCKAKCB. . (By Telegraph—Press .Association.)" Palmtrston, Janiiary 15. .At.a meetins of.the Farmers' Mutual Insurance directors of Wellington pro.vinc*. it was' decided to consider, at next meeting the question of lending | small loans :to farmers on mortgage, in lieu of piscine the amount on fixed deposit; The flro losoes for the.year cbmmcnclns April 1 last were only £200. Tho total insurances to date were, close on' £240.C<R).