COMMERCIAL ITEMS

Dominion, Volume 8, Issue 2524, 27 July 1915, Page 8

COMMERCIAL ITEMS

INVESTiIKNT SHAKES. Tlicro were no transactions in investment shares yesterday. The quotations were as under:— _ „ „

KAIAPOI WOOLLEN CO. . The report of the Itaiapoi Woollen Manu* factoring Company, for the eleven months ended June 30 1 asfc states that ".whilst the balance-sheet is i>crha/ps. one of the beet over presented to - shareholders, tiro I amounts placed to''depreciation account £5250, reserve fund ,£3GOO, and carried, forward £8354 145., being somewhat-' larger than- usual,' your directors consider it their ' duty- to recommend caution in the distribution of the,-, company's earnings, especially at the present, time, 'when the immediate Suture conditions of trading I are fraugh with so much' , uncertainty. j. . . The allocated for. depreciar tion is not excessive,when taking_into account the largo sum represented m build--1 ings and, plant. The directors propose to raise the Insurance ' Reserve Fund to £uCCO, and to make provision -"for increased cost of ra<w material and articles .of . general merchandise.: An interim dividend of 3 per cent, was paid in March'last, and for , the five months following, a .further.-divi-dend pf 4 per cent'., is recommended ordinary ehaios of the company, -and 2.V per cent, to preference shareholder?,, makings a total of 7 per cent, on ordinary and ,6i per cent., on preference shares. The subscribed capital.,'of 'the company is , £244,055 reserve fund £47,000, insurance reserve £2526,- sundry-creditors and deposits £37,099. City and Kaiapoi properties and plant are valued at '£103,823, with-additions •£6871, less £5250 depreciation, or a.total,of £105,444 ; 6tock and -wool £132,685, - cash in j hand and at bank,£19,825, book debts £73,679, bils receivable. £16,974, ,

Customs duty collected in: the port of Wellington' yesterday amounted to ; £1937 2s. 6di : • .. ...

HIGH OOMMISSIOrrfJIt'S CABLED MARKET REPORT... . ■ .

The Department. of * AEricultore, Industries, and Commerce has-received-the following cablegram from . the High Commissioner for New Zealand,. ■ dated London, July Z4. (Note: Quotations, untoso otherwise specified, aie average: market prices on spot):— , , Meart..—Tho market is .weaker andslightly lower.: (Mutilated word): o limited supply, but present supplies exceed requirements, and there is only a very moderate demand om account of high prices.

Mutton.—Canterbury, 7 3-16 d. per, lb. for light-weight; heavy-weights, 6Jd.; North Islands 7d; for light-weights; ewes, 61d. Lamb.—Canterbury, .8 3-fld. per. lb.. for. best quality, all weights; second-grade. Bid. for light-weight; other than' Canterbury, -8 5-l<(L for. best quality light-weight; ordinary Quality, Bid." -

■ Beef .—Supplies' of American" chilled arc small. Chilled hinds, 83d: per lb.;-fores,■ 7Jd. ; .' ' :■ v

.Butter. ,Tho market iB firm. Danieh, slow, per. cwt., .1625. to lG6s.; Siberian, a ! good demand continues, ; 128s. --to 1325.; Irish creamery, 1425.: .t6.1485.;' Australian, very little offering,'l3Bs. to 1405.; Argentine, unsalted, 140s.'to 1445.

. Cheese.—The market is, weak and is de-. dining rapidly., During this week prices: have been irregular.. Large quantities of low grade Canadian and united States aro hero in store.- United States cheese- in large, quantities affects the market very seriously.. Ohoese transactions light, and buyers-show, no disposition to purchoso on account of. ieing- loaacd with cheese bought for delivery: at, ; high - price. Canadian, white and coloured; per cwt., 745. to 765.: English chcddar,'.94s. 'to 985.; Now Zealand, white and coloiured, 765. to 7Ea.; occasionally 80s.; United' States, 68s. to 765.. according to quality and condition.

Hemp.—The market' is very quiet-. New Zealand, good fair grade, per ton, £31 10s,; fair, £29 10s.; July to September shipment, good fair, £31; fair, £29. Manila, newgraded, fair,' £36.'per ton;". medium, £31 -10s.. The output'from Manila for the week wag 25,000 bales. ' , '

■ Hops.—The market remains firm. English per owt.., ■ 105s. to 1255.; Californian, 855.-to 105s.

Wheat—The market is quiet, but firm. July: to. August:shipment:,. Canadian, 555; per quarter; American, 4E&; Argentine, notiiing offering here. .f, , Oats.—The market is . quiet but 6teady. July to August shipment: Argentine, 255. 6d. per quarter. .

Wool.—The wool sales-closed firm. 3fanufactui'ere are' busy, but a .reduction has been mad© of khaki orders, and therefore there is less demand for crossbrcds. Americans are not buying e,t present. Franco is buying-orossbroda and Russia merinos. Prospects- are favourable. Estimated values:—Fine crossbreds, all grades, 16. 51d; to Is. 74d.; medium- crossbreds, Is. 3d. to Is. 6d.; coarse crossbreds, la! Id. to Is. 4d.j superior marines,.ls. id. to Is. 5d,; medium, Is. Old. to lsi 2ii; inferior, 10d. to Is. , • LONDON WOOL SALES, ; Messrs. Murray," Roberts arid Co., Ltd., .Have received tlie following cablegram from their London agents, dated July 24: —"Sales closcd weak and irregular; held over, 72,000 bales; compared ,with opening rates, superior combing merino unchanged; medium to'good, 5 per cent, to ID .per cent, lower ; inferior, 10 per. cent, to 15 per cent, lower;, crossbred, grea-sy, fine, par'to 5 per cent., lower; other 1 descriptions, 10 per cent, to 15 per cent, lower.". : The Bank of New Zealand has received ;the following cable advicc from its Lon,don office, dated July 24:—"'file wool sales closed steady; 45:000 bales. of New Zealand wool are held over. Compared with last sales,, closing rates for merino and crossbred lino sorts are on the ■ overage unchanged. Medium and coarse crossbreds aa'e 5 to 73- per cunt, and all slipes are 10 per cent, cheaper." The, New, Zealand Loan and Mercantile Agency Company, Ltd., have received /the following cablegram . from their London house under date July 24:—London wool sales closed. There is a bettor market for As compared with May 20, prices are higher for superior merino 10 per cent., medium 7j per cent., fine frcasy crossbred par to 5 per cent.' Prices are lower for coarser sorts, and scoured and lambs 5 per cent, to 7i per cent., slipe 10 per cent., inferior merino 6 per ccnt. WHEAT ANB FLOUR. By Telegraph—Press Association—Copy right London, July 25. The wheat and flour afloat for the United Kingdom is 2,135,M0 quairters. for -the Continent 1,165,000. Atlantic ; shipments total 191,000 quarters. The total for Europe is 435,000, quarters, including from India 143,000. GESY GOAL EXPORTS. By Telegraph—Press Association., ' Croymouth, July 26. The week's cool exports were:—Point Elizabeth, 1505 tons Zcwt..; Liverpool. 1105 tons Zcwti; Blackball, 4820 tons 15cwt.; North Brunner, 143 tons' 19ewt.; Eniuuer, 443 tons Zcwt.; total, 8108 tons 3cwt. ,

Buyers. Sellers. & s. d. £5.(1 Nutionail Btuilc — 5 6 0 Bk. N.Z. (£3 6s. 8d.) .... - 10 15 0 1 National Mortgage 4 0 0 ~ i Well. Dep and Mort, — 0 8 0 Chch. Gas (£5) - J 0 0 Well. Gas (£10) - "92 CUrisfcelnu'ch Meat — 16 6 6 Goar Meat (£4) * 1? 0 0 Gear Meat (£1) — 4 10 0 Union Sloam (ord.) — 1 3 9 tfniou Steam (pre!.) 10 4 10 7 Kaiapoi Woollen (ord.) ... 5 1 0 •—■ Westport Coal - ;1 U 6 WcstportrStockton ... 0 5 0 ~" N.Z. Drug Oo. . —. 2 7 '6 Sha-rland (ord.) 12 3 — | Sharland (prcf.) 12 3 —