COMMERCIAL ITEMS

Dominion, Volume 7, Issue 2181, 20 June 1914, Page 8

COMMERCIAL ITEMS

INVESTMENT SHAKES. . A sale of Taiipiri Coal shares at 21s. 6d. was the only./transaction recorded in tho investment market, yesterday. The quotations were as under:— Buyers. Sellers. £s. d. ■ " - .' Panic N.Z. (£6 Ms. 4d.)..;... - 17 J 6 Union Bank .:..... .'.::..'■• —•■ ' 62.5 (I Well. Investment 0 11 Z - W-lllngton Oas (£10) 16 7 6. N.Z. Insurance ...: 6 7 0 6 8 6 Meat Export (£4) 5 0 0 • — N.Z. Shipping.- :.... —.'"•■' 15 10 0 Union Steam (ord.) '. 1, :4 6 ■'. 1 .5 0 Union Steam, (pref.) 10 6 — Well. Woclien'ord.) — 4.-11 0 Well. Woollen (pref.) 3 .2 6 -VTauplri Coal ~'■.— 1' r,2 0 Westport Ccal 1 10 0 — Golden Eoy Cement 0 19 9 — LIVERPOOL AND LONDON AND GLOBE. The accounts of the London and Liverpool : and Globe Insurance Company, Ltd., for 1913. show net Arc premiums £3,136,588. agninst £3,003.671 for the previous year, 'and losses £1.684.989, against £1,641,145, the. ratio-, fceing 53.72 per cent, aeainst',s4.64 per cent. ;After providing for commission, expenses etc.. the underwriting • surnlus .is £353,335. against 293,731. In the accident department the personal accident premiums were £160.711, and claims £63,785: employers' liability premiums wero £122,893. 'and claims £62,201; and'miscellaneous premiums' 1 . £717,379, and claims .£378,450. In'the mar-' ine department the net premium income was £309.196. and losses £307,337. -The dividend for the year is 245.. per sliarc, less income tax, and 'absorbs £300,004. Tho amount of £215.000 hao boen transferred to investment fluctuation fund. The company has a capital-of £265.525, and adding debenture stocks £1,256,495; general reserves £1,000.000. fire reserve funds £2,254,635, marine reserve fund £379,918, personal accident fund £104.858, employers' liability fund £131,418. miscellaneous insurance fund £598,892. life and annuity funds £4,934.886, and other items, the balance-sheet total is £13.833.482. represented by investments,- etc. The assets include mortgages on property out of the. United Kingdom, £1,013,703. GUARDIAN 'ASSURANCE. The'accounts of ,tho Guardian Assurance Company, Limited.- for 1913 show that, net fire premium* were £615,680, against £625.690 for the previous year, and losses £343.587, against 55.07 - per cent." After carrying £35.000 to • investment, fund, and £i.I).CCI to reneral reserve fund, the amount, traneferred from fire account to profit and loss account is £42.532. Tho fire insurance fund is now £835,300. of which £275.300 is premium reserve. In. the accident, burglary, and (reneral assurance department the net. premiums were £197,939, and claims £77,498;. and after providing £10,000 for in. vestment reserve fund, and carrying £12.059 to profit «nd ;bss, the total funds of this deno.rtment are now £200,753. The dividend for the year is at'the rate of 10 per cent, free nf hvome tax. on the paid-up capital of £1,000,000. TALLOW. Imports of tallow into the United Kingdom durln? April amounted to 197.465cwt.. against 203.32*-;wt. for April. 1913, and 156.469 cwt. for April, 1912. Total imports during the first four months of the vear compare with corresponding periods -in the two previous years as follow:— • 1913. 1914. From— Cwt. • Cwt. ■ Australia 268.393 375.258 ?few Zealand 120.284 143 510 China 39.301 7,006 United State? 32.r00 . 2 604 Uruguay -.'. 29.908 8.280 Argentina. 92.330 51.904 Other countries ... 20,573 14,032' Total 602.504 Re-exports 221,446 284,128 Net imports 381,343 318,466 'Total imports for the four months show littlo change, the imports of Australasian tallow showing a «übstantinl increase, which, is counteracted by the falling-off in supplies from other quarters. Re-exports, however, show a decided expansion. Customs duty collected at, the port or Wellington yesterday amounted to £2983 4s. SOUTHERN MARKETS. , ' (Er Toleirraah.—Pw». Association.'! Chrlstchurcli, June" ID. With practically no grain offering thero is nothing to record in connection with the local market. There is little inquiry for wheat, though any lines that, may he offered would find ready pale at current rates. Only "A" Grade oats arc required, and of these there (ure none offering. For "B" Orade oats there is practically no market, except at rates growers are not .prepared to accept. The potato market shows further signs, of'a little improvement ainscnucnt upon more inquiry from northern markets. There is not a large quantity offering by growers who hove tbolr potaloev In sacks, and Minn? who have pitted their crops arc holding till a later.period of the season, when they look for better prices. SILVER. By Telegraph—Prces Aesnclati&n—Copyright London, June 18 iliar silver is quoted at 252 d. per ounce standard. VICTORIAN PRODUCE' MARKETS.. Melbourne, June 19. Wheat. 3s. lOd. to 35..1 id.; flour'.'.£9: bran, £5,10f1,; pollard. £5:155.;. barley;' English. 3s. to 3s. 3d.; Cape, 2s. M. to' Bs." 4?, d.; oat<>, 2s. to 2s. 3d.; maize, Si, 6d. to 3a. 7c1.; poW-tocf, '£3 '10s. to JC4 109,; unions, U lOt, i to £5 111,

BANK OF ENfiSIiAND RETURN, By Tclceraph.—Press Aeoactation Copyright (T?fc. .Tunc 19. 8.53 p.m.)-Lft-ndpn, inat li). The Bank of England return is'ticd far Ihe week ended Wednesday, Juno 17, U as under:— . I6SBK DRPITtTJfBNI! Sct« lism £'55,«ti,<W Gov.rtsbli - jEU,815,900 Otltur mctwitioi i-.m.m tjoiu ~, ... xtmiwa fjs.jso.ooci as.vi4G.ooß BINEING £>F.r-Ar.TJsf*.^-T, rr«nrialors' ' Govt, securi- ■ , capital fH.K3.000 ~U«s XIIM.OBO Public d«- C-tlu-i' s«Qlinposits ...17,637.000 ties. 37,,1.«k2-,000 Other d«- ■ liesits ... 41.869.508 K«t»l ..- *-«.«» Best, 7-day and other bills 3.164,0G8' Colo .« ... I.Mfi.OGO r77.'2-23,(j0a £t?,53,030 Tho lendint Items at ths Bank of England return afford tlte follovsras comportThiiwsik Last Tifeds Lasiyaar Bnlllen . ..." 37.«7.0..ffl :SS,inMG 3(1.040.000 Roservt 2S.fis.lffi) M.6SW.OW) -i«.7lf.UOu Note circulation tS,4ia.OCKf i!5.6»5.«8 ■28.253,« M Public Deposits n.eajJJuO Ki,iS3,Bttl 15.M.0118 Other Deposits 41.863.M1 U.879.0U0 40.8i5.000 Proportion of reserve te liabilities 49.21 45.50 41V31 GOVEHNMENF SEGBKMMEB. Tho following art the latest, quotations for Government securities with a cottpanson of those ruling tot. ; Variation _ ccmpaisct *~ rflce. "Hh . ■' i* 6 .';Ji?.?*:_ """ f. '»,' i. 2J% Imperial Consols H 7 IS Ms hislicr 1 N.5.W.1933Jan.-.7uly MM 0 8 Sfis hnrer ti "N.SAV.IO3O-SOMr,-Sp WlO P Cucna-aged 31 ..N.S.W.-1930-60 Si'i 0 0 UnchWised 3 h.s.W.IOMApI.-Ocfr & U 0 tinrta.pß*.d i 'Vic. 1920 Ja-n.-July 100 0 0 ('uoh»n«B4 34 ".Vic. IWI-B Jan.-July W 0 0 Unohaußft* 34 „Vie,-IW9-19 90 0 0 Ononam'iod ■ 3 Vic. 1929-49 Jan.-July «i 0 tf Unchanged 34 „S.A. IMOJan.-July 89 0 C 20s ion-Si--3 S.A. lJl6Jan.-July 74 0.0 Uiielmiiswl. i , Q'i'dl!Us-d4Ja.n.-Jvty SO 0 0 Unfihattßecl 3j ,o'l'dl92-2-47Jan.-Jwis- 9S 0 ti CncbanKad 3 yTdiuiM-4Wan.-July t'O 0 O Unchaased 4 „N.Z. 1920Maj--Kov, S9 2 6 Unetafii-'ed aj ,N.Z. Wlii-JOJari.-Jfi-jy ts u 0 Uiioinmßetl 3 „H,Z. 10S0April-O(st. to «! 0 tiiichanged 34 ~\V.A.l9ir,-3.'iMay-Ji«y iii n 0 Sinchnngcd 3 „\V.A,IOIfI-35jiay-S*v b? -3 0 Undiaoftedt 34 „Tas, IStiOJau.-Juiy to u 0 Uoch&nscd 3 „Taf.l'ja)-40Jan.-Jifty 60 0 0 Ufidluweetf UUKOPEAN MONEY MARKET. The Bank of England rrtU? was, on february 8, 1912, redkefid jfroni * to 3j per cent., and on May ft H wae furtlicr reiiuced to 3 per cent. On August ti it was wised to 4 per cent., and on October 17 to 5 per cent. It was reduced to. <h V<ft «<*t. on April 17, 1913. On Ogtoher 2, 1913, it was Tai'scd to 5 per cent., oil January.!!, 1314. it woe reduced to 45 pier cent., on January 2 2to 4 per cent., and on Jo-Bttary -29 to 3 per cent. The Bank of Franco rote was jrgthtfoa from 3* to 3 per cent, on Pebj-aory S3, 1908, and continued at the latter fiEiirc until September 12. 1911, wben it 'was raised, to 31 per cent. On May $7, ISli, it was reduced to 3 per cent., on October it it WrtS raised to 3 {per cot., and o-n October 31! to 4 per cent. On. Jamtary 29. 19J4. th» rate was reduced to 3j per <cnt. The Imperial Bank., c;f Germany on October -24. 1912. advanced Me rata of discfi-nnt to' 5 per cent., and- tq 6 per cea'i. on jjjnvcmber 14. On. October V. 1913. the. rata was reduced tu 3J per «nt., on January 22, 1914, it was reduced to 4i per eent., dttd on February 5 to 4 per tent, MARKET RATES OR DfgqOtjNT: The following; are the market rates far best three months' bills:— London l'rtrlj Bcrliij rate-, rate. rate,per per pet" cent-. cent emit. Thin week 2J 11 U Last week 29-16 l\ : 21 La6t year ......... ii 3? Sj l Short, loans arc quoted, at 13 per cent- as 'against 2 per cent last, week, and 3-ij pet cent last year. . COLONIAL AND CJTHEB PRODtSOfi. Wheat-.—The market,.is inactive, owing to weakness in the American; mtrrkKte Asi Australian carpo osild at lis. 95.; A'uiStrali'in, on spot, 38s. .Flour.—There is'lfttle business doiitgs- 256, 3d. is asked for Australian paietlfe in cny position. Oats.—"A" Grade (SafWfts'. Jfay-June Bhtp. ment. 21s. to 21s. 6d- o.lf. . /Beans:—New Zealand's are ipaetfee' and unchanscd. Peas arc easier. First, Quality rhaples, June shipment,-..505/. e=i..f.. . • -' Butter.-Colonial is dull, Ke-w Zealaii'd is nominally unchanged. Australian, .-lOCS,, to 1025.; exceptional lots, tlKs,; npea-ltt'd, 106s. to 108s. Cheese is rather easfe, the high- prices having checked b>!Riir» c s. J\'ow Z-Csifanfl white. 645.; colouroct. 655, Bacon 1.9 dull of sate. Australian, fl-ltctice, 545. to sfe Sugar—German beet, 8 ; nc:f ccn.:-. imt titrc, unchanired. at 6d. jicr evvt.: flr<t Slants., granulated, f.o.b. IfAmburg, 13d. toivW ut lis. 7*d.- - - .... ' - Bradford Tops—Tfeo• msvike-t Is et-fl,frri«i}t and unchanged. ■ Sixty-fcmrs, 31»d.; S'.i"ei? sixties. SOd-: comninii . sixties'-, 29d.j HRyv sixes, 23d.; fifties, 2tcl.j-'fQrty-siscs, iTd. } forties,. 16d. ..- . .THE METJAIi-, ifA'R'KEt'g '•- Coper.—On snot. iOs.'-hjij-ber. 'at £41 iJn. 6d.,.per ton; three moiit-hsr-SS. iower at £6', ss. Tin—On, spot,. 4.05. towet -.at £139 »s. perton: three months,. 46?. tewcr, at £141. . Spelter is qnotod at £21 $s, per'{on.