COMMERCIAL ITEMS.

Dominion, Volume 9, Issue 2683, 1 February 1916, Page 8

COMMERCIAL ITEMS.

' . ■ IN VESTMENT SHAKES. No business was recorded in'investment hares yesterday. The quotations were as mdcr '. .. * Buyers. Sellers. Ja'nk N.Z. (£6 13s. 4d.) it *5 0 £ -• ± iciuitablo Building 9 5 0 — :{■'£. and ltivcr Mate ... 2 0 0 - [Veil. Invest T. and A. — 011 0 japier Gas (£5) - 9 0 0 ftell. Gas (£10) 16 0 0 — <.Z. Insurance — 6 6 t' Standard Insurant 115 0 -' — ■YnyJleat Export (525. 6d.) 2 13 6 - Jnioii Steam (ord.) 16 0 — fall.. Woollen (ord.) 5 10 — T'oolleri (ord.)' 3 7 6 LlYcstpori Coal 17'6 tf.Z. Drug - 2:5 0 ahariand (ord.) •. 1 4 3 — ShurJand (pref.) 14 3 — ■frown ■ Brewery 114 0 — ' Customs duty collected at the port of Wellington yesterday amounted to £5031 2s. id,NEW ZEALAND AND RIVER PLATE LAND MORTGAGE. The report of the New Zealand and River Hate Land Mortgage Company, Ltd., states that, after making due. provision, the net profit for the year ended October 31, including £10,739 brought forward, amounts to £77,549. _ The directors recommend adividend t -pi 5 per cent., free of income-tax, making-10 irer cent, for the year, placing Ijpserve';!makiiig_;.the reserve £485,0J0) &20,CG0, and ■ carrying forward £17,549. ORIENT KTEAM NAVIGATION, i The report of'tlie Orient- Steam Navigation Company, Ltd., for the year eudsd June 30, 1915,, just issued, state® that 'the revenue account, after providing for depreciation, .shows..a credit balance of £270,519, out of which .1 dividend of 5 per cent on the preferred shares has to be 'paid, lhe directors now recommend a dividend ° cent - on tlle deferred shares, that ,t,50,000 Jbe;' transferred to repair and renewal ..account, and £50,CC0 to general reserve account, and that the balance of £96,742 be carried forward. In order fur-ther-to strengthen the Orient Underwriting Fund, Ltd., it is poposcd to incresise its capital, subject to obtaining the consent of the Treasury, by the issue of additional snares to be allotted to deferred uhareliolder 6 of the Orient Company. The issue will involve a call of £57,510, and to facilitate the subscription we recommend a distribution of this amount to the deferred shareholders. Wo have redeemed during the. year £19,350' in. anticipation of the retquiremeuts of the trust deed.

HIGH COMMISSIONER'S CABLED MARKET REPORT. Tho Department oi Agriculture, Induitries, and Commerce has received the loiImvnig cablegram fipm the High Commissioner for New Zealand, dated London, January 29. Rfote: Quotations, unless otlier-

wise specified, are average market prices on spoil:— Frozen Meat.—The market is very qrtict, with 110 chanpe in prices. There is little i ®i I i na , 1 . csv although homeKilled supplier are decreasing. Mutton.—Canterbury, 7iitl. per lb. forilight weight; medium, 7Jcl.; other brands • than Canterbury are not quoted. Ewes, 7d. Lamb.—The market is very dull. This seasons Australian arrivals at the mailket selling at 7*d. to 7Jd. per lb. affects 'the price?. Canterbury, 7£d. l'or all weights; second grade, 7i!d.; other brands than Canterbury, 7,' d- for best quality; ordinary quality, 7Jil. Beef.—Tie market i« firmer. Danish, inarket very quiet;, per ewt., 1565. to 1.i85.; i\e\v Zealand, market closes lirm, 144 c. to WBs.i uusaltcd, 1535. to 1625. ; Australian, market quiet, but firm, 140s. to 1465.; Siberian, market quiet, 1245. to 1305.; Argcntllic, loos, to 1406. Cheese—The guarkct remains iirm. Canadian, market ; quiet but firm; white and coloured, per c\vt., 995. to 100s.; New Zealand, prices were iirm at the close of the market; white and coloured, 985.; United States, a fair demand, white and coloured, ?75.; English cheddar, 104s. to 1065.; Cheshire, 114s. to 120s. i Hemp—The market is steadier, with a good demand for all descriptions. Ptricco are firm. Hew Zealand, good fair, per! ton, on spot, £47 10s.; fair, £46; Manila, newgraded, fair, .£55; coarse, £50; February to May shipmeut: New Zealand, good 'fair, ja6 10s.; fair, £45; Manila, new-graded, fair, £54; co-prse, £49. The output I from Manila, for tile iveek ended January 2B was 16,000 bales. 1 -. Tow.—Second grade, on spot, £25; forward shipment, £2/1. j Whoat—The market is slightly weaker, with less demand. Canadian arrival, perl quarter, 665. |6d.; February to March i ship-1 merit, 655. (id.; Australian, February to i March shipment, 655. £d-.; Australian; Feb-' ruary to March shipment, steamer 6Je. 6d •• sailer 6<s. ; Oats—The • majket is dull; very little' business doi.DE, Argentine, on spoil, per ) quarter, 31s. 6d.; February to Marchi shipment, 335. Hops.—The. market is firmer. Holders arc ! not anxious .to sell. English, 120s. to 1405.; Californian, 60s. to 100s. j 'Wool.—The market is firm, and prices continue to advance for crossbred, which is scarce and in. active demand al full pricce. LOJfDON WOOL SALES. By Telegraph—Press Association—Copyright , , . , London, January 30. Ihe wool catalogued to dato totals 79,945 bales, sold,, hales. There was spirited n or classes of merino at Sit CTossbreds were a poor selection; values unchanged. • WHEAT AND FLOUK. m. 1 . , , „ London, January 30. 1 The wheat and ilour afloat for the United i Kingdom total 1,940,000 quarters? for the - ! Continent, 2,065,0C0 quarters, \tlantic shin fluarters; Paciffc. 13,000 quar- ! tol?' it I f „ or £t n'°Pe is 1,085,C00 quar- : Quarters " ° m the dentine M I