COMMERCIAL ITEMS

Dominion, Volume 7, Issue 2208, 22 July 1914, Page 10

COMMERCIAL ITEMS

■ INVESTMENT SHAKES. No business was dono in investment shares yesterday. The quotations were «3 under :— Buyers. Sellers. £ s. d. ■£ s. A Bank N.Z. (£3 fe. 8(1 j ... - 10 19 0 Bank JJ.Z. (£6 13a. 4d.) ... - 171 0 National Mortgage 4 4 0 — N.Z. and Itivor Plate .... — 22 6 Well. Investment 011 3 — Wellington Gas (£10) 46 10 0 ■ - Standard Insurance .... — 118 0 Gear lleat" (£1) / — 318 0 Meat Export (£5) — .630 Meat Export (£4) :. — 5 2 0 Meat Export (:2s. fid.) ... — 3.00 TJnion Steam (pref.) 10 7 — Well. Woollen (ord.) — 4 8 0 Well. Woollen (pref.) 3 2 6 — Taupiri Coal 116 12 0 Westport CoaU 1 10 0 — Westport-S took ton 0 2 9 0 3 1 Deylanrt O'Brien — 13 0 C. MA Banks, Ltd 3 2 6 1 3 6 Manning and Co 3 18 .6 4 10 Ward and Oo 5 1 0 5 4 0 W.F.O.A - 15 9 WELLINGTON INVESTMENT CO. The annual report of the directors of the Wellington Investment, Trustee and Agency Company, Limited, for tho financial year ended' June 30, 1914, shows that the • net profit on the year's business, including £283 7s. 2d. brought forward from ]ast year! amounted to £4960 12a. lOd. , An interim dividend of 3 per cent, was declared and paid in January, and it is now proposed to pay a further dividend of 3. per cont. (making 6 per cent, for. the year), also bonus of 1 per cent. This will absorb £3520 12s. 7d„ lanvtog- a balance of £1440 os. 3d. Of this amount of £1440 os. 3d. it is rccommendod that £1250 bo carried to reserve fund (which will then stand at- £15,047 65., inclusive of the £1047 6s. already added and derived from pre-' mium oh now shares subscribed for), and that the balance (£l9O os. he carried forward to- the ensuing year's profit and Ibss account. The shareholders during the year sanctioned the increa6c of the nominal capital of the company up to £200,000 by the ' creation of £100,C00 new ordinary shares, of £1 each. ' Messrs. J. R. Blair and J. M. Richardson are the directors who retire from the board, in accordance with tho articles of association," and, being eligible, offer themselves for re-election'. Customs, duty collected'at the port of Wellington yesterday amounted to £1423 9s. 3d. SO UTHEBN. MARKETS. tFy Telegraph.—Press Association./ Christchurch, .Tulv 21. There, is no demand for wheat at the Dresent ' time, largo., millers bciug well .stocked up, and ifiportations■ of Australian flour prevent any speculation, im grain, even though it is doubtful if this last. Beason'e_crop will be nearly sufficient for reauirements. There is little improvement in tho position as regaide oats. Those who have made "shipments to tho United Kingdom do not expect more than to come out square. Further shipment is to be made by tho Otalti to West- of England ports. Some business is being done in oats by Southland with the Melbourne market. The tone of the potato market is even weaker than it was last week. Buyers arc holding off completely, and 'until the demand again sets m from Auckland no improvement is expected. Growers are holding out for £2 105... at country stations, but even at £2 it would be difficult to find buyers for any auantity. Little business has been dono in seeds' for spring - sowing, but the season for this business . has barely opened, yet. COMMERCIAL BANK OF AUSTRALIA. By Telegraph—Press Association—Copyright Sydney, July 21. The report of tlio Commercial Bank of Australia shows that the net profits for the year; totalled • £64,533, to which has been added £7690 brought forward. The dividend on preference shares has been increased to >4 per cent.', and the sum of £9876 has been carried forward. ■ ' LONDON WOOL SALES. • PRICES CONTINUE FIRM. London, July 20. . At'the wool sdlee, tho offerings consisted almost. entirely of crossbreds. Prices were, firm. < . LONDON'MARKETS. ,(Rec. July 21, 10.20 p.m.) London, July 21. Wheat.—The market io quiet but steady; 355. 6d.. has been - offered for. Australian s wheat. v ' , ' Copper.—On .spot, £61 per. ton: ' three months', £61 Bs. 9d.; electrolytic. £63 2s)'6d. SUGAR PRODUCTION. v. ■ ; ; Vr ••' London, July 20. . Herr F. O. Licht, the well-known sugar, expert of Magdeburg, in his monthly circular, states that the production ot beet sugar in Europe shows' a decrease of 556,000 ■ tons. -He estimates that 'for tlio campaign there will'"bo a total decrease of 86,000 tons., . •. . , SILVER. London, July 20. ' Bar silver is quoted at 24 15-16 d. per ounce standard.