COMMERCIAL ITEMS

Dominion, Volume 9, Issue 2605, 29 October 1915, Page 8

COMMERCIAL ITEMS

INVESTMENT SHAKES. A sale .of Whitcombe and Tombs shares at £5 16s. was reported in tho investment market yesterday. The quotations were as follow.— Buyers. Sellers. £ s. d. £ a, d. National Bank' ; 5 0 0 — Bank N.Z. (£3 6s. 8d.).... 10 2 6 - Loan & Mercantile (ord.) 79 0 0 81 10 0 Vv't-ii. Trust Loan, Ltd. ... — 7 o 6 N.Z. Insurance !.... 5 15 6 — N.Z. Shipping fpref.) ; — 11 0 0 Union Steam (ord.) 13 9 14 3 Kaiapoi Woollen (pref.) 3 6 0 — l'awpiri Coal — 015 6 Westport Goal — '19 0 Taringamutu Totara — 2 3 0 Planning and (Jo — 418 0 Golden Bay. Cement 0 19 3 — COMPANIES REGISTERED. i The "Mercantile Gazette," published yesterday, records tlie registration of the foilowJng companies-?^ Tiki'Brewery Co.,' Ltd., registered October 22. Ofhce: Moa Street, Taihapc. Capital, £10,COO,'divided into 10,OCO shares of £1 cach. Subscribers: Taihape— J. Cody; Ohakune—S. Athy; Foxton—L. E. Freeman, F. S. Easton-; Jlanakan—T. Bevan, T. A. Sowdmii; "Wellington—A. W. Blair; all one share each. Objects to carry on tho business of brewers, etc. Stiles and Mathcson, Ltd., registered as a private company, October 22. Capital, £9500, divided into 960 shares of £10 cach. Subscribers: Foxton—G. H. Stiles. 695; Levin—l). W. Mathcson, 225. Objects: To acquire as a going concern the business

carried- on by G. K. Stiles at Fox ton, and G. H. Stiles and D. W. Matheson, trading under the style or "Stiles and Matheson. at Levin, and to carry on business as wholesale and retail universal providers, etc. Wellington Theatre Co., Ltd., regletered Oerober 22. Office: Wellington. Capital, £12.000, divided into 12.C00 shares of £1 cach. Subscribers: Wellington— T.. V. ITnlpin. 350: R. J. Murphy, 250; T. fc>. M.'Guire, 250; I?. W. Smith, 25: L. P. O'firien, 1C0; J. tJ. Flygc.r, 25; G. W. Willey. 11)0. Objects: To acquire land between Cuba Street and Marion Street, Wellington, and to eroct a theatre or public hall.

ABRAHAM AND WILLIAMS, LTD., In the annual report, the directors of Mesarg. Abraham and Williams, Ltd., congratulate shareholders on the pood results of the past year's operations. A most gratifying feat-lire was the improved financial position of the company. Since September 30, 1908, tho reserve fund had been increased by £20,000, and during tho wane period direct liabilities had decreased by over £100,000, and the turnover had been well maintained in spite of the fact that capital account had only increassd by £14,194 during the seven years. Tho net return for the year, after making full allowance for all expenses of management, bad and doublfuJ debto. etc., amounted to £13,346 Is. Bd. to which must be added the sum of £2074 17s. 6d. brought forward from last year, making a total v>f £15,420 19s. 2d. The interim dividend paid for the half-year ended March 31 tost absorbed £2742 se. 6d„ leaving £12,678 13s. Bd. to be dealt with. Of this sum, -£5000 had been added to the reserve fund, which now stood at £2S,CCO. The directors recommend a dividend at the rate of 6 per cent, per annum on the paid-up capital for tho half-year just ended, and that the balanco be carried forward. Customs duty collected at the port of Wellington yesterday amounted to £2233 9s. 9d.

WELLINGTON" WOOL SALES. During the current season four wool sales are to be held in Wellington, the linst being fixed for Wednesday, November 17, catalogues closing at s'p.m. on November 11. it is anticipated that a fair number of bales will be available for the first sale, and already wool ie roaching tho stores, more than one woolbroker having about 500 bales in store, ilesides clips from the North Island, wool is in from Marlborough, but not all this wool ie for the local pale. If the weather conditions remain favourable a good many sheep will be shorn during the next two weeks. The prospects appear excellent, especially for good wools. There is not much demand for faulties and inferior wools, and tills has been the feature of tlic London sales as well as the eales held in Sydney, Melbourne, and Brisbane. Evidence that good wools will sell at very full ratco is afforded by the fact that private buyers are now offering cxtremo rate for'this class of staple. A year ago the conditions were uncertain, and woolgrowers were very pessimistic but to-day the outlook is very favourable. Of course, woolgrowers will have to depend upon Yorkshire manufacturers to lift tho bulk of their clips, but licenses to exportto America will be available, and nq doubt advantage will be taken of this to sell to the United States. We have not herd miHi of Array requirements recently, but with a fresh impetus in recruiting throughout the Empire the demand for khaki will no doubfc again be felt. LONDON WOOL SALES. , (By Telegraph—Press Assn.—Copyright.) London, October 27. At the wool sales merinos were firm at opening rates; crossbreJs in sellers' favour, olteu a li&lfpenny. Trices realised: Yorlcdowns, top 30id., average 29£ d.; ITaneroo, 16Jd. and Hgd.j Noondom, lojd. and Hid.; Doondi, 15£ d. and l4ijd. New Zealand: Oakleigh, 17d. and I4(jd.; Ohoka, 27£ d. and 253-Bd. • Messrs. Levin and Co., Ltd., have, re* ceived the following cable advice from their London agents, dated October 26, 1915:—"Merinos are unchanged. Fine crossbred advanced, 2J per cent., medium coarse crossbred advanced 7$ per cent., and slipo advanced 5 per cent." Messrs; Dalgety and Company, Limited, beg to advise having received the following cable message from their London house under date of October 26:—"Tho wool sales opened with an average attendance of buyers. The selection of offerings was i fair .to good. As compared with closing rates of laat sales, prices for good merinos'rule firm, and are unchanged, whilst faulty merino's were neglected. Greasy crossbred, line to medium were 5 per cent. to,7J per cent, dearer, and coar6e 5 per cent, dearer. Scoured slipes were 5 per cent, dearer." .

SYDNEY WOOL SALES. ' (Hoc. October 28 10.15 p.m.) Sydney, October 28. This week's wool ealcs displayed a most active and buoyant tone for all tho better classes. Greasy crossbred combings fetched a record for the Sydney Wool Exchange. Faulties are dragging. LONDON BUTTER MARKET. (Bee. October 28, 10.15 p.m.) London; October 28. The Rot'orua's-shipment of butter is (selling, at about 160s. t-o 1645., Danish 16Cs. to 164s.—There is a better trade-passing at the decline. . -HIDES SALE. (Rcc. October 28, 11.10 p.m.) Melbourne, October 28. At the hides sales there were small sunplies. Heavies and medium were firm; sloppy were easier. AUSTRALIAN PRODUCE MARKETS. I (Rec. October 29, 10.15 p.m.) Sydney, October 28. Oats, American 3s. to 3s. 6d., Tafimanian 3s. 6d. ; maize, yellow ss. <d., white 4s. 10d„ Javan <e. 6d. to 4s. 9d., South African ss. to ss. 3d.; potatoes, l'asnianian, £13 to £14; New Zealand, £12 lCs.; onions, Victorian, old ss. 6d„ new Bs. to 9s. Adclaido, October 28. Wheat, 4s. 6d. to 55., according to date of delivery; flour, £16; bran, Is. IJd.; pollard, Is. 6d. to Is. 7d. MEI'AL MARKETS. London, October 27. Copper.-On tli6 spot, £72 ss. to £72 10s.; three- mouths, £72 15s. to £73. Tin.—Cash, £154 lOe. to £155. Lead.—Soft foreign, £25 55.; forward, £23 ss. Silver, 24d. per ounce standard. TALLOW SALES. London, October 27. At the tallow eales 1547 casks were offered and all sold. Prices: Mutton, fine, 495.; medium, 38s. Beef, fino, 435.; medium' 375. 6d. WHEAT MARKET. London, October 27. Tlie wlioat market is strong In response to a sharp recovery in America and Canada. The American visible supply is 73,645,000 bushels. Chicago December options arc 991-8 cents to 102 cents; May options 1013 cents 'to 104 cents.