COMMERCIAL ITEMS.

Dominion, Volume 7, Issue 2185, 25 June 1914, Page 8

COMMERCIAL ITEMS.

; ■ INVESTMENT SHARES. A sale of Veatport Coril shares at. 50s. 2d. was the only transaction recorded in investment shares yesterday. The ouot.ations were ae follow :— Buyers. Sellers. £ ?. d. £ s. d. National Bank'.: 515 6 — N.Z. and Kiver Plate — 2 .3 6 WVlJipeton «ns (£10) 16 7 6 N.Z. Insurance ..uiiwi..e<i3iiij- C.AV&-iO Christchurch Meat •. .— • 16 8: 6 Meat Export (£1) :..." 5 0 0 Taupiri Goal 1 .1 6 — WcEtport Coal' 1 10 6 — Golden Bay Cement 0-9 9 Ifanninj and Co — 4 0 0 IXCIIEASED MEAT PIiODIICTIOX. The substantial advance in, the price of meat, due to o world-wide shortage, io causing increased efforts to lie made in the direction of etoc.k raisins. Formers in the United States are beginning to rceosmsc that this branch of their business is not only profitable under, existing coDditiiiw, but is a means of maintnininf; the fertility of the soli. Can-adian farmers are miUinc similax progress. accordinE to ths lateet ndrlccs. ond as the climate ml the Bominion will not admit of a wide roto.tion of crops, soil fertility there depend? morjs .uorm fitrtek-rdiiinj? than it doee in thn United States. In Argentina flncks and herd* ere attrnctine ereatsi , attention, and wherp.vp.r there if room to run stock there is little doubt that'advAntnpo will bo of the opportunity. Alreody. there ars indications that the new development may (Vffcct. Mie.brca urdcr cereals, especially ii countrieK where circumstances are not always favourahlo to tlie production of unin. The ovea. un'ler wheat this year.rr Connda, for instance. i« reported to he, no l"rs;er tbnn in the W2-13 season, owiiip to the spread of mixed fprminf. Whfl , ! nrices of ment Tmnain on hittU level, it if not unlikely that thi* .leniency will, become more pronounced, but. tbp monetary.reetiMi i-HI bo the reeulntinf fnctor. farmers will of course'grow what povs "'em best, nnrt. takinjr all throes into, consideration, nu\it p-idncfion in sonin t- v m cr otl'er undouhte'lly urceen'e-tio"»il"lil-ic.i the mnn nn 111? l?nd. A sood 'leal could be done on irrlirahle in thf dlrcrtion of f.itipninj. although .limit«Hon= n f mieht nrevent much exoansicn in p»ock T'i Africa iz'vi'l nrouress i« bcine mode with f.he na'toral tpdu c 'rr. and r"nchin<r is beins taken up in Bhodesia with vigour.

MESSRS. WILLIAMS AND KETTLE. U the annual meeting of shareholders of Williams dud Kettle, Ltd., Napier, the annual report stated: "The directors have pleasure in submitting herewith accounts of the company, viz., balance-sheet and profit and loss account for the year ending March 31. 1914. duly audited, and have to congratulate shareholders on the satisfactory result of the past year'? working. Tho n«t profits for the year, after providing for all neccssa.rv depreciations and had debts, amounted to £13,937 Us. lid., to which haa to be added the undivided balanre from last year. £46(5 2s. Bd.: total available for allocation, £18,602 1&. 7d. Tho director? recommend that this ehall he armropriated as follows:-In payment of n. dividend at the rate of 7 per cent, per aDnum and 1 lier cent, bonus on capital; a bonua of U per cent, on all goods (except good 6 sold to trading stores or sold on behalf of other shareholders) purchased by shareholders: 5 per cent, on land commission, and 16 ppr cent.; on other commissions' contributed by shareholders: £1500 to be placed to reserve, and the balance carried forward." A bonus of 5 per cent, was voted to tho staff. ' . Customs duty collected at the port of Wellington yesterday amounted to £2606 2s. 4d. FINANCIAL CABLEGRAMS. , By Telegraph—Prtes Association—Copyright London, June 23. Yesterday's closing quotations wore ae follow:— Bank of Auetralaaia, buyers £121 10s., sellers £123. •.. ■ Bank of New South Wales, buyers £42 seller £43. Bank of Victoria, buyers £4 55., sellers £4 15s. Union Bonk of Australia, buyers £58, sellers £60. . National Bank of Australasia,'buyers £5 155., sellers £6 ss. National Bank of New Zealand, buyers £5 6a. 3d., sellers £5 11s. 3d. Bank of New Zealand buyers £10 10s., eellers £11, N.Z. Loan and Mercantile Aeency 4 per cent, debentures, £92. City of Melbourne 4 per cent, debentures, £99' Melbourne Harbour Trust. 4 per cent, debentures, £101. Melbourne Tramway Trust, 4J per cent, debentures, £102. Melbourne anil Metropolitan Board ol Works. 4 per cent, debentures, £99. ' Australian Mercantile debentures. £92 10s, Dalsety and Co. 4 per cent, debentures. £92 ninety and Co.'s shares, buyers £0 15b., sellers £7'' ss. Melbourne Coe Co.'s debentures. £9D. City of Sydney. £100. Goldsborough, itort and Co.'e debenture!, £96 10s. . Bank ot New 'Zealand, 4. per cent euarantcccl stock, £99. New Zealand Loan and Mercantile stock, £90. ' ', ' • London, .Tune 23. The Chancery-Court . h;is ordered the .•ornmiWy wimlinron of the. firm of Clionlln. Miltie, Gienfell, and Co. Mr. GrenfellV pictui«3 will be eoM nt Christie's on Fit(KV n»xt. They include o Tit ion. a Cnyp. n. Oainshoroufjh, n Le.wrcnce, and severnl jßeviwitU's. J(r, rtrcnloll suoot ciUwUlnaiy sumo oa bit name,

fThe above firm suspended iieyftit-nt eflLi'ly in June, and was followed hy ttrts t'siittdtah ABoncy. Limited. It was ptdtctl that Mi-, Orenfell, who dominated Ix>tsi coMe.fne, vn% solvent, but required time to lu!uid4t6. Tiic Messiiui Trnnsvnal Bcvetopmeiit Compftny ndvaneed £183,000 to the Canftsßaft Awaicy, Jjirait-cil. ami the direoi-oi-g of the iottcp n,h. noiinccd that arrangements hpd been*cat>i> plctcd to meet jirot'ent ftluincial demands, i ■ WHEAT. <Kec. June 24. 9.55 p.tn.) London, .tune 24. Wheat is nuict and unchanged. Tile visible supply of wheat enit at fte RocHiDe is estimated nt 37.793.0C0 bustels. TIN. U!ec. June 24, S,i p.m.) LetuTon, .Tune 2«, Tin.-On spot, £139 2s. 6d.; three month?, £139 12s. 6d. SILVER. Uohttoit., June li. Bar silver is ouotcd at li 3i>4M. Per onttce standard. JUTE. Lotiiion, June li. • Jute, native, first marks, Aug-Es-fc shipment £26 lCs. per ton. QUEENSLAND'S MIXEBAfc OtTHW. B.flsbane, Jun* a. The mineral output for 1933 decraased in value by. £317,K0. The report states thnt the decline in the gold .viehl in ssrlaw, end that the absence o.{ Jresh dipe-averice will probably continue.