COMMERCIAL ITEMS

Dominion, Volume 7, Issue 2183, 23 June 1914, Page 8

COMMERCIAL ITEMS

' ; INVESTMENT SHARES. Yeisterday was a quiet day on the Wellington Stock Exchange. There were no transactions in , investment enores. Ihe quotations were as follow:— ■ ; '■ • ■ Buyers. Sellers. £ b. a. £ e. d. Bank N.Z. (£6 13b. 4d.) - 17 5 0 National Bank 515 6 Union Bank - ■ 62 0 0 N.Z. Loan und Mercantile 90 0 0 . — Wellington BeHosit 0 6 0 0 ; ; 0 Auckland Gas'l - 1 to 9 Wellington'UuS l (£10) 16 ?l Standard Insurance ■ 1 15 9 — Chrislehurch Jlfnl - 16 9 0 Meat Export (£4) 5 0 0 - . Union Steam (ord.) 14 6 14 9 Moaiiel Woollen . 3 13 6 Well. Woollen.-(ord.) ....... - • 411 0 Well. Woollou (nref.) 3 3 0 MONETARY CONDITIONS. The London money, market is very easy jiiet navi,~a3 itifcenerally is at-this period of the year, and the caec should continue for several weeks longer, provided that political cvcnUVdo.not disturb the.inarket. The Ulster question is still "a. bijj'factbr, and the' Mexican question may, of course, develop into something wrious. In New Zealand the'eonditions are unaltered. That is to Kay, anvn.le- funds nro available to meet, all legitimate demands, but there is no proiKJuUccd'Howeriitg. of the ratco. The country gener&Tty is in a prosperous state. All products,■> except hemp, have sold well during the scafon now drawing to a close, and the prospects ahead are believed to be very good. In the City the retail trade is normal. Buildinjr operations. are being carried out in Wellington and suburbs to a greater extent than is generally understood, and scarcity, of houe ce, -which wa-s arecent complaint, should soon be ended.

UNION FIRE INSURANCE.. The report of the Norwich' Union Fire Insurance-Society, Ltd., for 1913, states that the five account shows that after deduction for re-insurances the net premiums amounted to £1,187.669 and the net losres paid and outstanding to £#9,342. After charging 'agents' commission and all expenses of management there- .'is o, trading fmrplns of' £101,490, of which £42,418 is carried to profit and loss, leaving a balance in this account of £1,274,379. The accident account shows that after deduction of reinsurances the net premiums amounted to £416.343. The net- lossos paid and outstanding amounted to i>237.198.. and oner charging agents' .commission and all expenses of manaecmcnl- there is a. trading surplus of, £52.182. of which £40,136 is.carried to profit and loss, leaving a balance in. this account of £360,805, consisting of premium reserve and provision for outstanding claims. The marine account shows that the net preiniiime amounted to £63.572. After deducting net losses. £10,271. and expeneeei £2505, there is a balance of £50,796. which is carried forward. Vhefc.'la transferred to profit and lo.=s'account from trading profits sunu in addition to interest siiHicieut to provide d halam-e of £56,253, out of which an interim dividend of 12s. per share, less income tax. was paid in ■Tannery last, and the directors recommend that a further dividend of £X per sh.Te, low income tax, be paid, making £1 12.-5. per share for the year 1913. The assets.of the society 'amount to £C,628,3C6. as compared with £2,484,290 for the previous year.

THE WORLD'S UNIVERSAL CODE. The- second edition of the "World's Universal Code," which, made its first appearance about two years ago, i« now out, and the latest edition is a vast improvement on the llrst. It contain*? someffiOO more words, and is, for all practical uses, a■:omDletc coded dictionary. The tables aro better arranged, and some of the tahles in the first edition have been entirely recast. All the tobies interlock with one another, jind also with the body of the code. An entirely new departure is the interlocking with practically all the more gcnerallyueed codes. .There hns been added a, Hit of geographical namef containing the more important cities of the world. Forte are specially indicated, also those where a Lloyd's representative is stationed. Full instructions for the w-e of the code,, with many cxa-molcs showing the most economical way of cable-writing, are given, and thufi anyone can in a very short while b«come proficient in the nee of this code. It in obvious that very great pains have been taken to make the code as complete as possible, and,it should prove of great service to the'commercial classes. The compiler i≤ Mr. Th. de Schryver, of Auckland.

HIGH COMMISSIONER'S CABLE. Tho Deportment of Agriculture, Industries, and Commerce has received the following cablegram from the High Commissioner for-New Zealand, dated London, June JO, 1914., (Note: Quotations, unless otherwjt'c specified, are average market prices on spot):— Jluttou.—Tho market is quiet, but there is no reduction in prices. Canterbury, per lb., i ii. for light-weigthe; heavy-weights, 3Jd.; North Island, 4Jd. for licht-weigths. ■ Lamb.—There is .lece demand especially for heavy-weights. Prices have slightly declined for all grades as a result of heavy arrivals during this week. Canterbury, tww, per lb., 6id.; h&avy-woights, 5Jd. j other than Canterbury, 6 3-16 d. for beat quality light-weights, in small supply. Beef.—The market Iβ depressed. Quotations for New'.Zealand beef arc nominal. Supplies of American chilled beef are largo New Zealand hinds per lb., 4 o-Bd.; fores, 3 3-£ d.; chilled hinds, 5d,; force, 3!d. Butter.—There has been no alteration in the market since last week. Danish, steady, 'per lb., 115s. to 1175.; New Zealand, quiet, 108s. to 1126.; . Australian, 100s. to 1045.; Kiberkin, in fair demand. 98s. to 1025. , Irish creamery, 106s. to UOs. Cheese.—The market is quiet. Canadian, old make, quiet; per cwt., 68s. to 705.; new make, quiet,-while. 62i. to 633.; coloured, 635. to 6t0.; N.ejv Zealand, quiet, white, Mβ. to 6Se.; coloured. 655. to 665. Iletnn.—Therartrket continues dull. jrani!a.-Thc:in!arket lias declined, for forward shipments-more than for near positions. Fair- cu/freut, per ton, £25; October to Tloocrabor.'sUipnicnls, £25 10s. The output from Manila for the week was 21.CC0 bales. . '/';£ New ZealanuVTliD market is qui-ct. and prices are sligliJJy weaker. There arc only a few sake .ill Kerond-hand on the basis of June to «t fair, £23 se. per ton; eo°d;:Kiir, £26. Spot quotations, good taliv£23.-iQs.; fair, £23. These quotations are nominal. Siral— Tlio .'iHftrk&t is quiet, but. etcody. New York quotation J3 5 3-8 cents., equal to £25 12:-. 6d. per ton c.i.f. Europe. Tow.—The. market is quiet. Second grade, per ton, £13 ss*f. third, £12 10s., HuDs.-Thc market is quiet, and there- 1«

ices inquiry. jMißiisn per cwi,, nos. 10 132.=.; Continental. 955. to 2005.; Califovilioii, 753. to 95tt; New Zealand, 955. Wool.—The market is quiet, but firm. Cii.noms duty collected at the port of Wellington yesterday amounted to £1953 17s. 10d. ■ . LONDON MARKETS. By Telegraph—Prtes Association—Copyrieht London, June 21 Copra.—Fair business. South Sea, in bags,. £23 15s. to £23 12s. 6d. Homp.—Jlarket dull. High-point fair, June-August, £21. Cotton, June-July, 7.16 d. per lh . ltubber.—Para, 2s. 9Jd. per Hi.; plantation, 2s. 42jd.; smoked, 2s. 4d. Tinplatcs, I.e. eoke 12s. 6d.; I.C. charcoal 13s. 6d. . Wire netting, £62 ICe. and 5 per cent, off list. Cement, English, ss. Bd., and German ss. per e«ck. WHEAT AND FLOWE". London, June 2i. Wheat.—The market is firm; 365. 6d. is offered for cargoes afloat. The wheat and flour afloat for the United Kingdom totali? 3,035,000 quarters; for the Continent, 2.290,000; Atlantic shipments, «9,1C0; Pacific, nil. The total shipments to Europe during the week amounted to 1.270.0C0 quarters, including Australasian 270,CCe. ■ MINING NEWS WELLINGTON SHAKE MAP.KET. The transactions recorded in the mining market yesterday were Talismans at 355. 6d., and Waihi Grand Junction at 263. The quotations were as follow:— Buyers. Sellers. £ e.d. £e. d. Murray i>en!< <oia> - 1 7 i Murray Creek (new) — *0 7 6 A'cw .Sylvia '. 0 0 7 0 0 10 Rofr Reconstructed 0 18 — Talisman 1 15 6 1 15 9 Waihi 2 3 3 Waihi Grand Junction ... 1 5 6 16 3 Waitangi " 0 0 10 0 0 11 "Premium. . . ■; ■ STOCK EXCHANGE. 'By TelezriDh-Pres-. Association.) Auckland, June 22. Sales:Talisman, £1 15s. Oil. Grand' Junction, £1 65.. : P.oe3, la ICd. Auckland Trams (ord.), £1 3s. Sd. Cliristchurchj June 22. Sales reported i-Canttrbury Frozen Meat Co., .£8 lfe. 6d. (2 parcels); Bauk of Australasia, £126. Dunedin, June 22. The following sale was reported on the Stock Exchange to-day :- National Bank, £5 16s. Dunedin, June 22 ' Mining Stocks—Roxburgh Amalgamated, buyers Iβ., sailers 2s. 6d. Boss Goldflclds, buyers Is. 6d., sellers 2s. Id. Progress Mines of New Zealand, sellers 13e. Waitangi, sellers Is. 2d., Talisman Consolidated, buyero &1 15a., sellers £1 15s. 9d. Waihi, buyers £?, 3s. 3d., sellers £2 4s. Waihi Grand Junction, buyers £1 ss. lid., ■sellers £1 be. 'Investment Stocks.—Bank of New Zealand (new), buyere £17 2s. 6d., tellers £17 4s. National Insurance, wallers £2 14s. New Zealand Insurance, sellers £6 Bs. 6d. Standard Insurance, buyere £1 15s. 6rt. Union Steam Ship Company, buyers £1 4s. 3d., Ecllers £1 4s. 7d. Wesiport Coul Co.. sellers £1 10f. 3d. Wcstport Stockton, sellers 3s. 3d. New Zealand Coal and Oil. sellers is. t<l. Perpetual Trustees Co., buyers it Is. 6d. Dominion Hubaicr, sellers 17s. 6d. MilI burn Lime and Cement, sellers £1 12s. itoseicl Woollen Facttiry, buyers £3 14a M. N.Z. Drug Co. (£2), buyere £2 os. 6d. N.Z. | I'aper Mills, buyers 16s. 6d., sellers 17s. "Otago Daily Times," buyers £2 15s. Djnaghy's Rope and Twine, sellers £1 6s. Kauri Timber, buyers 19s. Wliitcorabe and Tomliß, sellers £6 fe. Kaikorai Trams, buyers £1 45., sellers £1 6s. ROSS GOLDFIELDS. The mine superintendent of the Ross Goldficlds Reconstructed, Ltd., in.his weekly report to the local secretary, saya: Mine, ~Sixth Level sou.th has .been 'Iriven 36 feet and ie now ICO feet from the opening—the wash is payable. IJri. 2 Ko6t is now 104 feet E. of No. 5 South drive, and is also in payable wash. In this drive at si distance of 96ft. from No. S South another cross-drive, which will bo known as No. 7 South, hart been opened and driven 8 feet in payable wash. No. 4 South hae been driven to ICO feet from tho opening, and has been stopped,.it having got into very low-grade wash. At a distance of 96 feet from the opening No. 2 West has been onened and extended 12 feet, the quality of this .wash ie low-grade. Two parties are blocking, one in No. 2 South and one in No. 3 South, in wash of fair quality.

CARTHAGE MINEfI. ' The return from, the' Carthage Mine last week woe 54 ounces.. ■• -

Sawmillers—We will be slarl to see you at the Mfinawatn Phnw. Don't fail to'seo our exhibit. JOHN CHAMBERS AND SON, LTD.; Wellington.*

Lngmeers will spend a profitable time inspecting our splendid exhibit at the Manawahi Show. .Taiigy'e Oil and lirnzine Engines—a colossal display. John Chambers and son, Ltd., Wellington.*