COMMERCIAL ITEMS

Dominion, Volume 8, Issue 2423, 31 March 1915, Page 8

COMMERCIAL ITEMS

INVESTMENT SHARES. Ons sale was Teported yesterday, when Golden Bay Cement ehares changed hands at £1 Os. lid. 'The quotations were ae un-

I WELLINGTON MEAT EXPORT CO. Shareholders in the Wellington Meat Export Company will shortly be called upon to decide whether the capital of the company shall be increased to £300,000 by the creation of ffI.OCO new 6hares of £5 each. Of tho proposed new irane 7000 to 10,000 will be offered to settlers in the Itangitikel and Mauawatu districts at a premium of ss. per share. Further, it is proposed to offer of the balance of the increased capital; including the unissued and unallotted shares of the former capital, from SCOO to 8000 chares without premium to shareholders on the register at the time of tho passing of tho resolutions giving effect to the increase of capital, the offer to be open for a. period of two months. The existing capital of the company is JEZOO.CCO, of which £175,000 has been subscribed. Shares not taken, up by shareholders after the period of two months referred to inay bo offered. to shareholders and to the public, with or without premium, and at such period or periods as the directors may determine. Customs duty collccted at tho port nl Wellington yesterday amounted to £2549 ICS. -Id. , THB WHEAT AND OAT YIELD. (By Telcgraph.-Press Association.) Ghrlstchurch, March 50. Amended estimates of the yields of fliis cate in tla Dominion

upon a portion of tho threshing returns from areas of not less than 100 acres or either cereal show that tho preliminarv estimates have generally been exceeded. The Canterbury averages for wheat have been increased by about five bushels to the acre, bringing the general average for this provjnee to a little over 30 bushels per acre. Wellington returns are generally higher than the preliminary estimate, but Nelson and Marlborough crops have not come up to expectations. The oat crops are all turning out better than the preliminary estimate, and the final average for the Dominion should be several bushels in excess of the 35.65 bushels first set. down. At 40 bushel 6 the crop would give 11,500,000 bushels, which would still be one and a half million bushels below tho estimated requirements. Tho export of oats from the Dominion during January and February of this year was 160,335 bushels. The local wheat maTket is still showing a declining tendency. Buyers are indifferent about operating, and sellers aro now finding a difficulty in effecting sales of Tuscan and Hunters at 65. 6d. at country stations. The appended estimate, showing a larger yield than wa6 first considered probable, has had some effect in steadying the market. There is no change to note in the oats market, business at present being practically at a standstill, as the prohibition of the export has brought about a new condition to which the market has not yet adjusted itself. Oatsheaf chaff is somewhat easier, in sympathy with the oats market. There is no change in potatoes, but onions are easier owing to the large supplies, and the price is now £2 ss. to £2 10s. at country stations. LONDON WOOL SALES. i PRICES UNCHANGED. (By Telegraph—Press Assn.—Copyright.) London, March 25. At tho wool sales there was a good sale. Prices 1 were unchanged. The following priceß were realised for the fleece portions of the clips named:—"Warraria," top price 13|d„ average 12d.; "Tyrie," 13d. and lUd.; "Conapnira,' 12Jd. and 103 d.; "Nive Downs," 13Jd. and 121 d.; "EldemUe," 12Jd. and 12Jd.; "Rhodes," ISJd. end 15 3-Bd. Tho arrivals for the fourth series of the wool sales total 412,500 bales. There have been forwarded direct to manufacturing centres 210,500 bales. The Inst ships to arrive included the Dorsot, the Anglo-Brazilian, the Cufic, the Ydeue (?), and tho Memmon. WHEAT. London, March 30. The wheat market is' dull, and prices are easier.. THE METAL MARKETS. London, March 29. Copper.—On the 6pot, £68 10s. to £68 15e.; three months, £69 26 . 6d. to £69 15s. Tin.—On the spot, £170 10e. to £171; three months. £166 10s. to £167. Fig-iron. 675. sd. Lead—On the spot, £23 lOfl.

der:— Buyers. Beliere, £ 8. d. £ s. d. National Bank 5 .9 6 511 0 Bank N.Z. (£3'6s. 8d. pd.) - U 2 6 N.Z. Insurance 6 10 — . South British - 416 0 — Gear (£4) 14- 7 6 - Meet Export (£2 12s. 6d.) — 2 16 0 N.Z.' Shipping-"(ord.) — 15 10 0 N.Z. Shipping^(prof.) -r • 10 12 6 Mosgicl Woollen 3 15 0 — Well. Woollen (ord.) 4 9 0 . — Well. Woollen-(pref.) 3 5 0 — Westport 1 13 0 — Westport-Stockton 0 4 11 0 5 0 Golden Bay Cement 10 0 10 3 Consol. Dental 110 — Sharlaml (ord.) — 14 0 Sharland (pref.) — 14 0 W.F.C.A. (£5) .... — 6 5 0