COMMERCIAL ITEMS

Dominion, Volume 7, Issue 2182, 22 June 1914, Page 8

COMMERCIAL ITEMS

INVESTMENT SHARER. A sale of Union Steam ordinary shares at 245. Bd. was the only transaction recorded in the investment share market on Saturday. The iiuotntiona were as follow:— • <• Ilurerj. Sellem. £ S. (1. r « ft Pnnk N.Z. «6 Us. 4d.) - IT S I Equitable Uldnß 9 7 6 — Weil. Investment. 0 11 3 — Well. Trust- and Loau ... 7 9 i 7 11 0 Well. Deposit — 0 7 0 Auckland Cos 1 10 0 — Chri.itchu.rcli Gas — 7 8 6 •Vflljnrtr.il fl&e tfilO) 16 7 i Well. flas (prcf.) 10 0 - N.Z. Insurance — 6 8 0 jfeil Export (£4) 6 6 0 — Union Steam (ord.) — 14 9 Welt. Woollen 'nref.j 3 2 6 llannins and Co — 4 0 0 LONDON MONEY MARKET. The Loudon money market now shows a. marked iniDi'ovcmcnt on the conditions which prevailed during the past, fortnight, find il h also verv much hotter than was. the case a..year oso. . There, is a substantial increase in the metal reserve, and the proportion of reserve to liabilities has Rone up ironi 45.50 per cent, to 46.24 per cent. during the week. The discount rates lor tlU'ee months' fine troilo paper were practical' without chauKO In London and Parie, but, in. Berlin, there was an advance. The monetary condition in the Qexmaa capital

arc not as satisfactory as could lis wjsftoit for. up till now, the rates have h.eeii loy.cr in Berlin than' in I'-aris or Ixuidon, • .At the moment there appear? tt> he plenty ai money available from itas* to 4ft.V, <vn:<l chart, loans in London, for the rate is nnvr on)y £1 15s. per cent, per siiftutn, ■fthii'ft -at the corresponding date of lust y<°-nr it high as £3 10s. per cess!.. Tlw slaekeatntf. of trode is causinc to and. tho uncertainty of ths potit'icnl oiitlook as rosarca TJlstef is probablyIng, investment. The stool-; markets shsiw no very great changes. CaKicih site H'mrer, and colonial stocks Me steady: but • <s.u? change i<? in favour of buyers. - From pre* font appearances dear monf y need pot !.--f expected until August, provided poiHicftl complications do (Dot- ems.

ROYAL EXCHANGE ASSURANCE. The accounts of the Bo vo l Exchange Assurance for 1913 show that. flte fret fire premium income was again-rfc £839,(07 for the previous rf»f; and lo«<W. £467,355, asainst £435,750, tie ratio being 52.87 per cent-., against 81.90-per cent. After providing for commi'Maii 3p.:l expenses, the underwriting surplus U #5.558. ffßaitl.st £87.991 for 1912, and -5516& for 19H. _ Isi tho marine department, the Sot fjre-toittisa o-ro £295,936.. apainst £553,773; Mi-d tesej, £24?.325, against £291,529. Ttt the gsnsral accident department. premium.* wert£282.047, asainst SMhAIZ :fo,r 1912; and elaiftfs £112,223, against- £95,670. Profit and less *■£- count ahowp that after including £63.749 transferred from fire InSumnee account, £40,116 from marine account, £40,517 (ram. genoral accident account, and. £1465 from trusteo and executor account, end after allowing £30,000 for depreciation ot isvfM.ments, the be.lanr? At credit ;«■ £^301-2s. The dividend for the J*e.r fet IS -)MJ cent. The paid-up capital is -aiia add'iftS five insurance fnnd, £<03,59.5; is&r-i.n*- insurance fund. £215.23!: reneWi! insurance fund, £177.565; life ajsttranefe »nd Annuity funds, £4,594.572; myl oilier llama. the balance-sheet total is £7.093,G& which Is represented ■by investments and other -assets.

UNION ASSURANCE SOCIETf, The accounts of t.ho TTruoii So* elaty, Ltd., for 1913. show Eft- fli'6 pwraitims £629,5i0. amnios!; £{i?,3fi for- th« previous year, and fosse* «fi«in;si £513.479, the ratio boinc 19.16 per against per cent-. After dfdnaMiif commission «md eaprnw, th'« linasfFPiting Biirnlun Is £103.651, oFlinstfc £.RJJ6. In tjlfi accident department the iiet prerni.MM> were £11,286, and olnin-.s £65<?s employers' liability rot premiums. £06,163, «.nd <?kt»s £11.988; nnd jrcneral accident- net. pieminiES £S9,BM, and claim?"£27.Bl Z. ■ Pwfl't, ,«pd ten account slioivs Hint, after induwin'T .c.9fi.fcc transferred from fire oceoittvt, n,i:d £lft£Co from general Occident acceant,. find after transferrin* £35,C<0' to in-v??ht)ciii, reserve fUTirl. the balance at credit Js' £75,271. of which ft dividend Amounting to £75.'QC0 is declared. The paid -up cittifil t» £?(s.i)S!i> end, adding lire insurance fund £715,921 cident- Insurance fund .£6611, liability Infiurince fund MM, fettukal accident, fund £79.148. investment wswv* fund £ J 6.792 and other items, the total i? £1,190,095, which is re-presentecl' by investments and other exists.

Cn?to?iis duty collected: at the Part o f Wclli'irrton on Saturday nmiMiiited to £SSS lis. 3a.

OAMAEU MARKETS. liiy Tolcffraph.—Pr'ei-s Oaaiaru, June 20. Millers being fairly wdft stipptieil Willi wheat, the market was qTtiefer tJii.e Week, but B°od samplef) still (ind a, r«.",d}- mar. ket,.- Ohoiee Velvet sells M '3v I'd. net:; rod Tuscan up to 3s. lDd.; rcA cfifttf. Jj.-idL to J?. lCd. • solid jt.raw, 'Itaean, 3s t td.; Marshall's .white. 3*. Bd., Bat's ®e with no ti„'n of A Grade Gartons have hetn Sold tor IA. 3d. t<v 1«. SJd. net.; B Grade at tfl. J8»; Jftn iisht samples it Is. 6d. Jfaltins fcAriey hA». feien. sold fit. 2(3. 3d. net. From $2?. Sd. io 555.has been the price paid for .choir. The potato market is stesimftt-, -iio orders .coming .to hand-, tor 'ofltjiite plarUote. and 55e. to M?., are prices E-oini; for.good table sorts'. . LONDON KARKETS. .Messrs.-Dniscety and-Cotttmn-y. Limited, have received e.dvioo front fhfir I.ottiioti ofllce by cable rs followe;—Rxizcit /.Market rtry : duUjll«snb.- l ptJ««s 1-iJd. pe* !h. i'lOwcr; .mutton and beef, i tallow, .all descriptions 3d.'per ewt. lavfir, HELPING A "LAMB fytXSK/ By'Tolpsraph—Press Aeoseistiiin—Coprrlsbt . ' ' London, .Tun» 15. The Mcssina-Transraal .Hevelopfliciit Company lias advanced £183,K0'to the Oanadinu Aeeney. The directors of the.. A?cpct annauni-e tliat arrangements have been c&itepleted 16 meet, the present financial ie^uif-e'Sßeiiw. The circular states that CT:e com;-nnv is earnine net profits of £100,Ct-0 per . NATIONAL MOBTGi<SE. . (l!ec. June 2t. 5.5 p.rti.! : Lindsn, June it% The National Mortia-e and A liner Company of New Zealand iice- d.e<il*:fed ati interim dividend at.the rate .fit 7i per cent. HANK ABSOUPTIOS: ] (lice. June 21,' 5.5 p.as.) Lendini Juni M. Tho c.bsorption of the ifrtivjp6':ije,)i JJntik of England and Wales by the fi»isdon City anil Midland Bank has bee-ii Srfanged.

FROZEN MEAT; 21, S.S.pva.) Lendfcn, ,tu.pe to. The Incorporated Society <if<Xt.«it importers' Smithfield market quotations for {in undermentioned dosses «f frozen jflfAt ».(« j based on actual sales of not less ihajii ofce : hundred carcasees of mutti?ft or kab, of tv/outy-tlve quarters of beef of fair average quality. The quotaticiiio. ai't r.ot for J selected lines,- but foT papceTe f<sirly re- i rrosent&tive of the bulk of the ihipsosnt* now on the market. The jirfces. which follow are on the average «, JaHlrijtr per lb. moro than the values si ship, this < difference representing, the ate rasa cost is expense, handling, conveyance. «r.(i SeTHtis the meat:— Julie IS. Julie ZO. Mutton— d. d. Canterbury, light ; 4?, 4s Canterbury, medium ...... 42T-M *MS Canterbury, heavy it 32 Southland * " North Island, best 4 41-16 North Island, ordinary... 3.? & 15-JjS Australian, light 3? 35 Australian, heavy Jj " 3j lf-'vcr Plate, lieht * * Jlivor Plate, heavy * * Now Zealand ewes 3 sH . Australian ewes SU-ifi SU-16 Rivsr Plate ewes 59 53 L«nih— Canterbury, light SS-IS 6J Canterbury, medium $i 61 Canterbury, heavy 81-16 8' Southland 6.1-34 sj.l6 North Island, selected ... £ -5-j& siNorth Island, ordinary... 6 6 Australian, best S5 SJMS Australian, fair 5,3 Hi-i'6 Australian, inferior (ji ■Diver Plate, first SJ §% River Plate, second M SI BeefNew Zealand, ox fores.." 37-16 33 New. Zealand, ox hinds... 4 7-18 414$ Australian, ox fore* 3i 3 516 Australian ox hinds 415-56 415-16 Hivor Plate, ox fores 3 7-lfi sj JJiver Plate, ox hinrts « i'S-iS River Plate, chilled fores Si 31 River Plate "hilled hinds 5| 5 *Nons offering. Eabbits.—There is nothing doins in the rabbit market.

SILVER. „ , London* June 19. n<ir silver w quoted at- 05 lM6d. t»w ouncc standard. JUTE. T L vit n Lonfcfoßj Jun<! 19 Jlltc ~^? t i vo fim » a August shipmuni-, £27 ICe.