COMMERCIAL ITEMS

Dominion, Volume 9, Issue 2707, 29 February 1916, Page 8

COMMERCIAL ITEMS

r \ INVESTMENT SHARKS. There were no transactions,in investment f.. ' shares yesterday. The quotations' were as ! follow: - - - lluyers. Sellers. ; . . £ s. d. £ s. d. Rational Bank 5 0 0 — 1 Gisborne Gag :.... 111 0 — : Well. Gas (pref.) 018 6 0.18 9 I; .Well.Meat Ex.(£2 125.6 d.) 216 6. .- / . N.Z, Shipping (ord.) 19 7 6 - - Union Steam (ord.) — 18 3 . Union Steam' (pref.) — 110 Well. Woollen".(pref.) 3 7 0 . — Ward and Co.' 5 13 0 — . "Manning and l Co — . -- 4 -17 ■ 6 Golden Bay Cement 019 0 : H.Z. Paper Mills 016 . 0 - : .W.F.C.A. (£5). - , I I 0 ' JIKTROPOLITAN" BUILDING SOCIETY, . The directors of, the Metropolitan Permanent Building and Investment Society report that, under the advice/of/; their solicitors, profits on "B" investment, shares /.have been credited;- to'holders'/of ".these; shares at theannual.re.st only, nothalf/ . yearly, as heretofore.-,■ The-directors. commend that the ,usual/ distribution of. ■ profits at the- rate' of 7 ■ per.: cent.' pur' annum bo made, and that a'further' sum of . £750 be added to the/reserve'/furid, which will then stand at £11,5C0. -Tho profits for the year (including ajbalance. of £132 4s. 4d, brought forward from .last year) amount to £5355 165., 2d., less ' expenses,, account £592 7s„ leaving a net profit of-£4763-9s.- 2d;,-less-interim dividend.'for six ;mbnths.'endEd 'August, 1915, £1050," leaving , a . balance -of £5713 9s. 2d., which it is propoeod. to approL ; priate as fo'.lowsTo credit! holders - "15" investment shares at 7 per-cent, for-twelve months ended February , 15,/ £1816'55. 10d.; to payment of dividend at 3i :per cent. for six months ended February 15, 1916., to . holders of "A" £10 shares, £10E0;>to reserve" fun'd l £753—£3616 ss. LCd;; to carry forward to next.year,-£97 3a...4d.; The. dividend oh "A" shares will be payable on March 14; ' Customs duty collected at ■ the port of . . Wellington yesterday amounted "to .£1355 ss. 9d. /,. , HIGH COMMISSION-KITS CABLED MAEKET REPORT. The Department of Agriculture, Industries, and Commerce has received the fol-. lowing cablegram from the High Commissioner for New Zealand;; dated London, February 26.' (Note: Quotations, unless otherwise specified, are average marKet: prices on spot).— . Meat.—The market remains firm for all descriptions of frozen-meat,--owing-'to a- , : short supply available, together with decrease in amount of home-killed. Mutton.—Cantcrbury, 7gd. per lb.; other than Canterbury, not quoted; ewes! 7sd. Lamb— Canterbury, B}d. per lb. for all weights; seoond grade, M.; other .brands than Canterbury, this season's, 9d.. ■ Beef .—New Zealand cow beef, hinds; 6Jd., 'fores 53d.; chilled, a 6mall-supply, hinds 8 3-3 d., fores 7d.

Butter.—The market is firm,'"with agood

demand for finest. There is little demand for lower quality. Dauish, firm, per cwt.. 1725. to 1745. up to :1765.; New Zealand, firm. 158s. to 1605., unsalted 160s. to ttfts., fair to good quality, ft poor denMiid, 150s. to 1565.; Australian, market practically cleared, 150s. to 1525.; Siberian, a good demand for best quality 1265. to 1505.,. exceptionally 1345.; Argentine, firm, 1465. Cheese.—The market is firmer. Canadian, market quiet, but firm, whito and coloured, per cwt., 99b. to lOOs.l New Zealand, a good demttnd, white 955. to 965., coloured 965. to 975.; English Cheddar, firm, 106s. to lUlte.; Cheshire, 114s. to 1205.; "United States, firm, Cheddar shapes, 965. to 975.; flats, 95e. to 965. Hemp.—The market is quiet, but steady. New Zealand good«fftir, per ton, on 6pot, £47. 10s.; fair, £45 10s. Spot prices aro nominal, as no supply on hand. February to April shipment, New Zealand good-fair, £46105.; fair, £44 10&.; Manila, new graded, fair, £55 coarse, £55. The output from Manila-for ihe week ended February 26 was. 33.G00; hales.

" Kauri Gum.—At the gum sales held this week no kauri gum was offered. : .Whcat.T-American market has declined during this iveek; London market steady, hut prices rather lower. Canadian, on spot, 695.; February to March shipment, 636. A good business has been done. Argentine,. prices are nominal. February to March shipment, steamer 635., sailer 675.; Australian, February "to March shipment, steamer 705., eaiier 68s. 6d. Buyers are cautious on account of high prices. Oats.—The market is firm, with an improved demand. Argentine, on spot, per Quarter, 1 336.; afloat, 325. • •- Hops.—The market is active, with a good demand. Supplies are decreasing. English, per cwt., 140s. to 1505.; Californian, -100ai 'to 1205.' * Linseed—The market is quiet. Large shipments are expected from the Argentine. Quotations are nominal. On passage, per 1416 pound 6, Argentine 745.; Indian, B2s. 6d. Wool.—Bradford tops, id. per lb. lower. . SYDNEY WOOL SALES. By Telegraph—Press Association—Copyright CRecV February 28, 9.40 p.m.) Sydney, February 28. . At tho wool sales competition at the recent level of values was active. WHEAT AND FLO UJt. London* February 27. The wheat and flour afloat for the United I Kingdom totals 2,480,000 quarters; for the I Continent-, 3,390,000; Atlantic shipments, ! 884,000. The total shipments to Europe during the week amounted to 1;585,OCO quarters, j I including ,320,000 from Argentina.