COMMERCIAL ITEMS

Dominion, Volume 8, Issue 2575, 24 September 1915, Page 8

COMMERCIAL ITEMS

INVESTMENT SHARES , V' . There were' no transactionsvin'.investmcnt market yesterday. The QUotations- were as : : under:—'■, Buyers.- .-Sellers. £ e.-d. ■£ b. d. >',National Bank-;. 4 18;0 ; — . }. Jf.Z. and rßiver Plate .... .. —. ?.?:£ 'Well. InvestsT. and A,. .. : —: J - Well. Trust, Loan, Ltd. —,/•; I Z 9 •Well. Dep. and Mort. ...» . .2<l 2 " Ohristcliurch-' Gaa (£5) -v. '' ' ?i0 . : . Well;' Gas" (£101:,.,. 16X0, 0' .t•' ,•- Well. Gas (pref.) . } J ,? ,Gear Meat - (£1) : -r- x ; ..... 4, 8 .0 ••..Union -Steam'(ord.) ......... v r--" • Well. Woollen Cpref.) .'3 sT'o'"- , ; — . -,Westporfe Coal *7 . , . Westport-Stockton ' ~r _• ' 0 Ley'land-CBriea:;,:.'... ... .12 3 and-Go. 4 12 0 —• . GoJden ! Bay Cement ...... ■: — ";®r- ® V. ; ; ' MONEY MAttKET.

The "New -Zealand Trade Hevinw,'' 'Issued yesterday, says i-r'-'Tho relative' position .of our imports and-exports,, which is tho chief controlling element in the state of the local money • market, is an unprecedented one; for .'the .twelve months ending August 31 our exports*.'i'eaclied the record . total of £28,055,456, while our. imports only totalled £19,301,243, leaving: a handsome surplus of £3,754,19 a. Inordinary such, a, sur-plus-would .mean a-supply -of money more than,the local market'.could ..comfortably find. suitable' investment.-"for v conditions are l much changed through tho .'war. and it 1b not':easy'to Taise loans outside the Dominions. •' The Government is raising•» lean locally at'<Vper cent free of iucome tax, and,this, with tho usual outside interest obligations to bo met,, will absorb; a fair proportion of the surplus. It appears to .us, however, that there will still be an ample, supply of funds available . for .all' ordinary .business requirements. Mortgage rates are. liable to be somewhat firmer owing .partly to tho higher- standard'of. set by the - Government loan, and also to the fact that the provisions of tho Moratorium .Act make this class of business n. less form of. investment than formerly"

- MASTERTON BUILDING SOCIETY. Thetiveatv-hintU annual'report of . the Mastertou Pcrmauent'-Investment ami Building Society oovcrinfp the period to •August' 31, . 191 a", states tlia-t -while • the* • business.'of -tho society has been fairly mamtainedi'it lias: been-impossible to avoid tolding ilarger.. sums of money than usual uhenjpJoy V alid tho ! - society's - earnings have been, thereby somewhat reduced. The net profit amounted t0£2039 • 14s. 9d., as ,23. c -6d. for the previous year, the percentage ,on average sha.ro capital employed: being6.B3 per' cent, for 1914-15, as compared -ivvith t.CS for'l9l3-14. - The total loans amounted to . £52,353*. on August 31, 1915, and, £51,665 .Qn - August 31, 1914. The:exponses of management of the society for the year totalled £512 12s. 7d. ■ ■v . COMPANIES REGISTERED. ;;; The "Mercantile Gazette" issued yesterday records tne registration of the following. companies Marantara Sluicing.Co., Ltd. Registered September 18. Ofllce: Wellington. Capitol: t £cCO, divided into 600 of £1 each (150 fully paid up). Subscribers: Wellington—J.: S. Swan,. IV. F. Barraud,. Xi. H. :B. Wil'on, L. S. Humhpries, E.' J. Colley, S. L. Russell, all one-share each. .Objects:-To acauire from H. F. -liogan, of Wellington, Bottler,: land at Aorere, Nelson, and carry on min-ng, etc.; ' .Dominion Apple Orchards,, Md. ; Registered as" a private company Septeinebr 21. Office: 45-47 Cuba Street, Wellington. Oapi-. tal: £sflCo divided into 10 shares of JESCO each. . Subscribers': . Wellington—T. Bush, 2;'B.•Brlce.-;4. ; :.Upper.Moutere—B. C. Mann, 5. Gliristchurch—A.' Trott, 1., Objects: To enter into a certain agreement dated September 9; 1915, to purchase lands and toVoaiTy .on. an .orchard,";etc." • : . Wdiliam Houlker and Son, Limited. Reg istered' 1 as a private company- September 20; Office': Waimea. Road, Nelson. , Capital: £2CCO, -'divided into 2000 shares of- £1 each. Subscribers: Nelson—Hannah 31. lloulker, 1998; Thomas Houlker, 1; Majgaiet Houlker,: 1. Objects: To acauire and carry on tho business of 'vinegar and . shot manufac-turers;-etc., now carried on in tlie city of Nelson by Hannah Jllaria ; _ Customs'.'duty collected:, at :the port of. yesterday amounted -to £2821 Is. lOd.. • '• - -

LONDON WOOI, SAMS. . By Telegraph— Press Association—Copyright .. London, September 22. v-At' the" wool sales there'-was improved comietition. ' Crossbrcd3. were..ai-2a!fe rates; ■ prices for "merinos . wero unchanged:"-" • The following pricos were rcalised'fdKtch, fleece portions of the clips: named:—"B'leminston," top'2od, average 173 d; "Oflkwo'od," 17d. and.lsd;* New Zealand: "AH,'Vl6yd.: . and 15id.-; ."Kyeburn," '7d. and 158 d;:' "Mt. V/hite." 26idt and 252d.;'"Waihu-a," l5Jd. .. and 15d. • ' . • : The Bank' of. New Zealand has received 'tlie following* cable advice from its London 'office, datidiSeptember 21 wool sales datesi are fixed , as follow:—Seventh series commences October 26, eighth series December-.7." •• ' • -Messrs. Dalgcty and and Companj', Ltd., advise having received the following cablegram from their. London office, under, date . ... of September 21:—','Tho seventh series cf sals open's."on October 26, lists for .which closed on ; September 18 The total amount of new arrivals is about 90,000 bales. .It . is to bor:eicpeeted that about 67,000 bales . will be carried forward for the eighth series, opening on December. 7,'. limits - for i which vail" be fixed later. , MELBOURNE WOOL SALES. By Telegraph—Press Association—CoDyritrht ■ Melbourne, September 23., At the wool sales, competition was disPrices for better classes were 6 per cent.; medium '0 per cent., and inferior 15 per , cent, below the. July rates.

; ' ' HIDES'. . . (Etc. -September 23, 11.25 p.m.). Melbourne, September 23. ■ The hides market reports good catar lorues, and active buying. Price? are from ..id. to 3d. higher. ' . ] TALLOW SALES. London, September 22. . 'At the tallow sales .1441 casks were offered, and 3361 sold. Prices realised: Mutton, fine, 375. 6d.; medium, 355.; beef, fine, 575. 3d.; medium, 345. 6d. METATi MARKETS. London, September 22. . Copper—On the spot, £70 2s. 6d. to £70 155.; threo months, £71 ss. to £71 10s. 'Tin-.—On tho spot, £152 to £152 ICS.; three months, £152 15s to £153 sg. Lead. £23 17s. 64. and £22 17s. 6d. Spelter, £66 and £60. • LONDON "'MABKETS. . \ " London, September 22. 1 The wheat market is firm; cargoes steady. Lir.seed oil, £25 15s. Turpentine, 355. 3d.. /ATJSTRALIAX PRODUCE MARKETS. 'V . (Ecc... September 23, 13.30 p.m.) ■ . Sydney, September 23.. Bran, £4; pollard, £5 10s.; oats, 3s. to 3s. 6d.; maize,v4s. 7d. to. ss. 3d.; potatoes, Tasaianiiiri, .'£B to £10 .10s.; New Zealand, ■ f.7 10s. Adelaide, September 23. Wheat.' 95.; "flour,",£lß 10s.; bran. Is. Id. to Is. 4d.; pollard. ls. sd. to .Is. 7d.; oats, ss. to 3s. 3d. ." 1 ' ■ ; .