COMMERCIAL ITEMS

Dominion, Volume 9, Issue 2640, 10 December 1915, Page 8

COMMERCIAL ITEMS

INVESTMENT SHAKES. In the investment market yesterday Eales were recorded of Bank of ITcw Zealand (new) at £16 25., and. Union Steam (preference) -at 21s. 3d. cum div. The quotations were ae -follow:— Buyers. Sellers, •£ f. d. £ s d. National Bank 5 2 0 — -Bank N.Z. (£3 fe. Bd.) 10 2 0 - Well. Invest. T. and A. — fl 11 0 National Insurance 2 6 3 S. British Insurance ... 414 '6 — tGear Meat (£1) 4 0 0 — K.JS. Shipping (ord.) — 18 0 0 iUnion Steam (ord.) 14 9 — Well. Woollen (ord.) 4 19 6 - Weil. Woollen (pref.) 3 6 6 — Golden Bay Cement — 10 0 a Ex div. fCum dir. COMPANIES REGISTERED. The "Mercantile Gazette," issued yesterday. reports the registration of the following companies:— Motor Accessory Co., Ltd., registered as a private company, November 30. OJEcc: Napier. Capital, £3500, divided into 3600 shares of £1 each. Subscribers: F. C. Hartshorn, W. L. Spackman, A. L. M'Glaehan, li G. Scott, J. Y. Hannay, G. J. Hanliay, 11. H. Strachan, all SCO contributing shares each. Objects: To accjuire by purchase the interest of Walter Leonard Spaceman in the leasehold premises at Napier, and to carry on the business of indtetr rubber manufacturers and makers and dealers in articles of any description made or prepared with indiarubber. Also repairers, cleaners, storere, a*td warehousers, of motor-cars, motor-cycles, and vehicles of all kinds. Conroy and Higgine, Ltd., registered as a private company, December 1, Office: Napier. Capital, £5000, divided into 50C0 shares of £1 each. Subscribers: Alfred N. IT. Kirkham 2000, Alfred Frank Hook 20C0 ™ hn $? K V 1S S lO - Alfrcd Charle s Marett SCO. Objects: To carry on in Napier or elsewhere all or any of the businesses of a wholesale and retail family fihinpiilg and general butcher, fcllmonger, boiler-down, meat, and produce preserver, etc. Arcadia, Taxi Service, Ltd., registered as a private, company, December 8. Office: 80 Ingestrp Street, WangaTiui. Capital] £600, divided into 600 shares of £1 each. Subscribers:. Wellington: U. F. M'Cabe 400. Wanga-nui—G."B. Parsons, 200. Objects: To acouire as a going concern from . F. M'Cabe and G. -B. Parsons, of Wanganui, the business of motor-car. and taxi-cab proprietors. CUSTOMS DUTIES. The Customs duties collected at Wellington yesterday amounted to £5250 9s. 9d. SYDNEY WOOL SALES. By Telegraph—PreES Association—Copyright (Rcc. December 9, 10.20 p.m.) Sydney, December 9. The week's wool sales closed strong, at tho best rates of the season.

LONDON WOOL SALES. London, December 8. Afc the wool sale prices for crossbred* were fully up to the opening rates. Merinos (a rather belter selection were at slightly firmer prices. Thee was excited bitiui». e for all eotrs. The following; prices were realised for the fleece portions of the clips named:"Ribba," top price 10d., average 10d.; "Boodarie," 17£ d. and 13 3-Bd.; "Uaroo," 14Jd. and 13* d.; "Pippingara," 15d. am) 14Jd. New Zealand: "Waihopai," 27id, and 22* d. Messrs. Dalgety and Company, Limited, havo received the following cablegram froiu their London house, under date of Dccemboi 7:—"For the eighth scries there is a fail selection. The attendance of buyers itgood, and competition animated. Greasy merinos and shafty scoureds show an advance of 5 per cent, to 7J per cent, and sometimes 10 per cent. Short, faulty scoureds 5 per cent, dearer. Greasy crossbred.l- - advanced 7* per cent, to 10 per cent. Catalogues are comprised mainly of slTpes, rm rom P ftr to 5 per cent. Higher." The Department of Agriculture, Industries, and Commerce has received the following cablegram from the High Commissioner for New Zealand, dated London, December 7, in regard to London wool sales:wool eales. commenced with large attendance of buyers. There is great competition, and Home manufacturers are very busy. On an average all wools are Id, io? T than the closing rates for last sale; 42,000 bales of New Zealand arc catalogued. •«ote.—The estimated values given by the High Commissioner in his. cablegram on the last wool sales aro as follow:— Superior merinos, Is. Sd. to le. Bd.; medium merinos. Is. Id. to Is. 4d.; inferior merinos, Kid. to Is.; line croi?sbreds, all grades, Is. 6(1, to Is. Bd.; medium crossbreds, all grades, Is. 4d. to Is. 7d.; coarse crossbreds, all grades, Is. 2d. to Is. sd. WHEAT. By Telegraph;— Press Association—Oopyrijrht . London, December 8, A reaction in - America, and Canada has caused about a shilling decline in the price of wheat. Cargoes by the Salvatore trr mpa quoted at 605.; 4800 tons of West Australian in the Ribera at 645.; further steamer freight fixtures for February and March at 955. WHEAT SUPPLIES. tt~ , mt . London, December 8. jv heat.—-The American visible supnlies total 130.234,000 bushels. Chicago options, 116J cents to 1218 cents; May, 1175 cents to 1218 cents. METALS. London, December 8. Copper.—On the spot, £76 7s. 6d. to £7f7s. 6d. ( ?£76 12s. 6d.); three months, £76 Jggjj s * electrolytic, £97 to Tin.—On the spot, £166 to £166 10s.; three months, £165 10s, to £166, Pig-iron, 735. lid. Load, £28 aud £27 2s. 6d. Spelter, £82 and £71. Bar silver is quoted at 26? d. per ounce standard. * TALLOW. London, December 8. At the tallow sales, 1541 casks were offered and 216 sold. Prices realised: Mutton, fine 51s. 9d., medium 495.; beef, fine 51s. 3d., medium 495. The New Zealand Loan and Mercantile Agenc.y Company, Limited, have received tho following cablegram from their London house, under date. December B:—We quoto present spot values for the following descriptions:—Fine mutton, £2 lis. 9d. per cwt.; good beef, £2 10s. 6d. : mixed, £2 6* 6d. The market is dull with -an upward tendency. LINSEED OIL AND TUT,PS. London, December 8. Linseed oil, £33 2s. 6d. Turpentine; 455. 4£d. AUSTRALIAN PRODUCE MARKETS. (Rec. December 9, 9.35 p.m.) # Sydney, December 9. Oats.—American, 3s. to 3s. 6d.; Tasmania, white, 3s. 6d.; barley, malting. 3s. to 45.; maize, South African, on spot, ss. 9d. to ss. lid., arriving os. 4d. to ss. 6d.; potatoes, Tasmania* £10 to £14, new £17 10s., others £14 to £16; onions, new £4 to £5 10s. Adelaide, December 9 Wheat.—The official price is ss. 3id.; flour, I £12 to £12 10s.; bran, £11; do Hard, is. 4d,;' oats, 2s. ; HIDES. (Rec. December 9, 10.20 p.m.) Tho hides market reports good supplies and active competition. Tho catalogues were cleared at prices in sellers' favour.

THE TALISMAN COMPANY

AN IMPORTANT SCHEME. A meeting of shareholders was recently held in Wellington, at which it was decided to have the head office of tho company transferred from London to New Zealand—probably Auckland-aiid steps were taken at that meeting to give effect to this decision. In September tho London board sent out a circular to shareholders, stating that "with the view ..of avoiding the payment of the English income tax on dividends distributed in New Zealand, your directors have been requests ted by the local board of Wellington, New Zealand, to take the necessary steps to alter tlie articles of association of the company so that the l direction of the company may be transferred to New Zealand, tour directors have consulted counsel on the question, and he has advised that, to carry the proposal into effect, it would be desirable for the company to rescind its present aTtioles of association mid adopt entirely new articles, which would provide for transferring the wholo control of the icompany to New Zealand under a New Zealand board." Steps are now being' taken to form a new company in New Zealand to take over the assets of the present company. The shareholders in the new company will be the same as those on the present register. The headquarters of the new'company will be in New Zealand. ' The change means that shareholders will be relieved of the present heavy English taxation, and that tho affairs of the company will be- controlled in the Dominion and not as at present in London. ' REPORT FOE NOVEMBER. During the month of November the Talisman Consolidated crushed and treated 2550 tons of ore for a yield of bullion valued at £14,302 6s. 9(1. The costs for- the past month totalled 58s. 7d„ made up as follows;— Mine development, 20s. 7d.; mining, 19s. 9d. : . milling, 14s. 6d.; general expenses, 3s. 9d. The following cable message has been sent to London:—Woodstock No. 1 rise, progress, 15 feet; reef, 56 inches wide; vaiuo, 235. No. 5 crosscut, progress, 50 feet. No 6 crosscut, progress, 56 feet. Owing to the change in contractors at No. 15 level work will not be resumed there llntil after the Christmas holidays, and the mill is closed for the annual repairs and general overhaul usually effected during the holidays. A SHILLING DIVIDEND. Tho board of tho Talisman Company has declared a shilling dividend, payable on January 8, 1916, to shareholders registered on December 18.