COMMERCIAL ITEMS

Dominion, Volume 8, Issue 2549, 25 August 1915, Page 10

COMMERCIAL ITEMS

DnTESTMENT; SHAKES, - V-v ' in - the' iinvestmcnt, market'.yesterday i a ■i v ; sale of Golden Bay Cement shares, sit ,20s. v Jd. wai* inad(»"on 'Change.'.The quotations: .were:':as follow;— i-s.v , ".'Buyers. So'.lers. ' . • £ a. d. . . £ s. d. Kationfl.l. Bank'. ......... —■ . 2 'Bank l X.Z. (£3.63., Bd.) ... 9-8 .0 10 .-2. 6 Bonk N:Z S '.(£6.l3s. 43.) ..: 15.18 0 ,16, 4 0 'SP: Well;: Dep°and.-Mort. .... „ • :• 0,8-0 ■; : ".'" v vWclLrDep.'. arid./Mort;'. .'..W;-— -, * 0. 8.0 .'. V'Cliristcliiircli Gas-.(£5) ... - — ; 7.12. 6 " ;V"Well.> &tts<(pref.) —-V; — * 1-0 » ■; Insurance- ...... ' — • 6 u >.N.Z.V ,InsiiraTic^v;....M.'----"'. 5 12.6. - '.^"'••WelUrileat'Export (£5) \.. •/ -o 0 0 Kniapoi -.4 19 .0 r "" : y. (<JTd.) '.V.;.. 418 .0 ../ _ •••'lißyland-O'Brlen 1 2, 3 ' ' : XTariiTjrQ'iriutu'Totara ...1;. ; — • ' 5 9 ;sy,'N.Z.-. Drug-- •• „ 2 6 - 6 i (£5) .: .5 0,0 - . ; -i.W.F.Oi-:(£l)' ...... .10 0 . . WELLINGTON WOOLLEN COMPANY. of the 'directors 'of-the, WeiV - lingtou / Woollen Oomipany' for the' year • ended- July 31, to.; Ijo -submitted to the • -shareholders at the: annual meeting, to :be .••••: held on. September '6, is. as'-.follows. - "'jThis,- tlio thirty-second. report' and bnl- . nnce-'slieet of' the- direetors, .is by far tho -N-inost satisfactory - '.'- submitted;, l si'ncq',manu-. : facturing'' operations commenced ,in 1886. ; The'. directors desire' to'. point out that 'r s-.*he larger surplus' Shbwn ; has .been derived ■ " by-'reoson of the; greater- demand for the "'■■■£■■: company's' goods, brought. about, ;to jfc con-. ' Vj siderable extent,', by the...abnormal 'icstric-; : tioiL3-' ; iii' the way of :importers obtaining tieif'usual deliveries,. and not from'- My ' inflation", of prices: ,-:Tho, ability' to take f.-. i' "full .advantage of-ytho:'. extra. business ; cff«rV-' ving.iwas made easier by the co-operation of the!,:staff - and .operatives generally, ,who ■ "t.s.liavo'.ivdrlted strenuously - during the year r-.-.'-V A v tangible.-recognition, of their, efforts *3- " ' recommended' later in the - report. In mow of the ,uncertainty aa ,to futurt - business "conditions, and. tlio impossibility .. -V ; of gauging with' any accuracy the cost oi ■ - 'raw material and manufacturing supplies '' ~nt-.present ;high,.'the. s dircctors' have, m 'considering the allocation of . "J 10 .- s ' ,nl : : ■ available" for distribution, adopted .' the --£ prudent:" course of 'strengthening .reserves -for. possible . contingencies,'-.. by-, - adding £6000 'to' the reserve account, making it £M,O«V nnd' : carrying forward an BinoiuJt.' ■ The payment to shareholders of 11 further .lor. thf- second half;-of r tlie year ; - <•■ at 4 per cent.,' with o». bonus: of • ,5 ; nor cent on both issues of -..'tuenofid;" • This will;absorb,-.£10,9.58 ,55.. / • < For .the loyal help rendered by the commanv's employees' it' 13.'TGConiincndsd .tlist : '-'i'-tUey be'granted <i bonus of 8.-per cent, on .■■■. their, earnings''durihssthe yeaj - , and_tnat ' V ; thb'biil(uice then remaining ba corned, tor? , ward to ne\t yea^«-account.. ■_. ' ■ ■. v ■Thevplant and buildings lia-vo been; inain- ' '/'toined efficiently, out of revenue, and £5000 v :- 'iwritt^ii' : off,"for ! deprcoiation,. r - The directors 'regret .that, .the .company suffered-a loss- by the death of the J ate : 'i J. E. ; B!3ir, who had_,occmpied. a teat ' .'on the board, for some'nine years, doing iV;: eicellent work; in -the shareholders inter- . :. : ' ; , : e'st«' Tlie vacancy; was filled by the ap- -•' t)6intrf.cnt- of..Mr. D. T. ..Stuart, -who lios, • '-been cilocay-. associiitod ' with, the company M; :W an'auditor.' since iM inception.,, __ : -'- : --'The directors to xetire'are Jlr.-E. ; o.jKirk ;* i-V', end Mr. i D. T. Stuart, both- pf. .wliom; being 5"; .'eligible, Coffer themselves .forije-election..-.-; -■:>i'-' Messrs:; .Henry ,Kember' and Son:-'F.P.A.-(JJZ) aid L W.'s'Hunt, P.P.A.: (N.Z.),-agam ,;-:,offer: : theyselyes.-as auditors. •• '• A:.-::'' . :? '.' ;> 6nstoms''Uuty? collected-: at. the,' port _of 'Wellington^yesterday, amounted, to £5549 ■ :i2s.,id.- :• .-. . ' '■;/ 1 n SOTJTHEKN MARKETS. By-'TelegrapH— Press ' i Cfiristchurch, August 24. : The : wel:.las; opened more- quietly than 'ever : in :th'e grain and-, produce ' market. • • Brokers Teport tbat. they ;paii find, no ;tuy- '- ' era ■ ■ for ; .wheat, ' and not' "even' offers at ■ '•••■• -any-' price.': TSfere aro.oats'changing bands : -vbry'vlittle, oatisheaf chaff is wanted'., ' There is .-limited business doing in :.poto- •• toes:at £5 10s. for, immediate,' and'£s'lss. ' for later 1 delivery at country stations/ but ■ 'growers; ore generally.; asking £6. , ■ i • MKTAL jrAEKETS. ; .' ; 'EyTelegraph—Preas. Association—Copyrijht 'V-'';'-V'-'- 'London, August 23. I '■ 'Copper.'—On the spot, £64 7s, 6d. to £64. -'■ ■:.:12i.:6d.; 'throe months,- £65 10s. to £65 155.; -: eleotrolyti'c, .£77 to. £78. , ; ; >V Tin— Onvthe spot,-.£149.25. 6d. to £149 12s. 6d::: th.rcb jnonthd, £150. ss. to £150 15s. - i-:- Lead, 1 . £21-53. to £2t 7s. 6d. ■ • : -i^' Spelter,'?£ 62 - and £55. ; : WHEAT London, August 23. : '■ ' The .wh'eat market 'ls dull, ' and l prices .'Weaker., M", sympathy : with-the- decline inAmerica wind Canada.. . S • , has the demand "for- clear-headed somclTnctiye thinking in business been so ui'gcnt as it ia riglit now.' 'Wo aro living' in a progressive age, and' must take .indvantgae of all up-to-daite methods. .';lt - is in ('savings,' from ; waste of any descrip- ' tioh that money .is* pade. Wday, and :by /, ooDcsotratuig one's efforts on all details 1 :of oitr business we claim to lie able to '' prodtwe results for our many cream" sup- '. .pllers.V We -want more, cream.. ■ Can you . supply", ns?. Purtlier particulars, .Wanga-r!-.'.am R»sh* rdod. /

So far 1 tliiero lias-only been a slight ad- . .Vance on tire prices, of the famous-Victor :;\rChces'6,.Va.tsV and .factories are now or- '-. J dei'ing in .-view ;of a- possible further mv ' crease. Various; causes will shortly, greatly .increase the cost, but, orders received • ' now will-' be' delivered .in. rotation and at present prices:-- Albert J. Parton, Car---.terton.—AcLvt.. : ... ■ .