COMMERCIAL.

Dominion, Volume 7, Issue 2267, 29 September 1914, Page 8

COMMERCIAL.

: Oustome. duty• .collected at tlie Port--,»f WellinHon yesterday amounted to £714.106. |-7d. ■ : ■ ;,_ _-■• .- . ••■ ' ' I .'■'■'■■'" EOTJTH BRITISH 'INSTJEAKOE. : ". ■'." : The report of the Soiiti British Insurance Company, Limited, foritho year ended , August 31 states the net premium revenue amounted, to £436.154 Eβ. 5d.,. arid "«?".?■, Jrom interests and rente, totalled £41,641! 15s. Bd, together making.£477,696 Iβ. Id. After making full -provision , for, losses .outstanding, there is a surplus in the underwriting ■ account, , of £60,061 . Vα' 8d.,; and interests and rente as above, amounted, to ■£41 Ml' Ms. Bd., and the balance brought '.forivaTd from last yeaT £37.615 ,3a; 3d., lrakinEiWiiable £139.218 65.. 7d. -The 'dir.6otors f .pr6nb3e to deal with,this amount as follows:—Transfer to reserve fund, £30,000; to 'contingent' fund, £20.000; -to. investment 'fluctuation fund, £2CCO; Auckland and London leasehold sinking funds, £«5; contribution to. officers' provident <ind euperflnnuation lands, £4732 lls.' Zd.; dividend α-t 4s. 6d.per shore, £45,CC0, leaving to be..carried forward £37,060 15s. sd. .;'-■-■■-■ • BANK: EXCHANGE NOTES. . Tho banks' 'buyinj; 'rates have .undergone a-change. The.following arc the new rates, compared with , , those r,uling : recently:— . . ' •'' 'Former rate. INew.rati. . ._, , : ' Percent. :.-: 30 days .....-.........'. :...' 3~: '25 65 days ~: 3} 3 ' 90 daye 4, : 31 : This-ehows a. reduction ia the buying rate of J per cent. , .- ' . WHEAT AND. FLOUE. ' Bt Telegraph—Press Aesooiation—OopyTlsit London, September 27. The wheat market is very quiet. Australian cargoes arrived are held for 455. 6d. ■ The wheat and flour afloat for tho United Kingdom is 160,000 -quarters; for the Contineut, 1730 quarters; Atlantic shipments. 798; Pacific, 45. The total shipment to Europe during the-week totalled 1045qnarter6: including 990 from"the United States and Canada, 45 from India, and 10 from other sburces. . ! •* ■ .The '/Economist" estimates the Irish wheat crop at 5. per', centum above the of -tie last, ten: years. ■ ! :...„:... ..LONDON.MARKETS... . '. ■ . : .' '.- .• : .;,'■ London 27. ' Danish - bntter is .uoted.at -from 1325..t0 1365." ■ ■■■■ ■ .■" •'■' ' - ■ 'It is.estimated that-260,000 bales'of wool have-.ibeen' sold priva-tely. eince the July auctions. . ,''■':• '■ The: hemp market is quiet. . High-point 'fair.- October-December, £23. Rubber.—Para, 2s. 9J-d. per lb.; pkntation.' 2a.j2d.;, smoked, .25." 3}d.'. . Copra.—The , market ; « quiet. A South 'Sea. ehipment brought' £23 10s. , METAI/S. ' . London, September 27. Aluminium, £90. to £91. , Quicksilver ,1425. 6d. . Copper, £57 10s. to £57 153. •Galvanised Iron (nominal), £1? 15e.,ianc £17 15s. ■■ ."■ -Angle SteoV, 13s. (nominal) Bar silver is quoted at 241 d. per, ounce standard. .' . - -