COMMERCIAL ITEMS

Dominion, Volume 9, Issue 2837, 31 July 1916, Page 10

COMMERCIAL ITEMS

INVESTMENT SHAKES. Saturday's quotations for . investment shares were as follow:— . .Buyers, . Sellers. . £ s.d. '£ s. d. National Bank 5 5 6 — Bank N.Z. (£6135.4 d:) ...16 15 0 •-Union Bank ...;. ;....' — 56 10 0 Well. Trust, Loan, Ltd. 6 18 6 7 0 0 Napier Gas (£lo)',' 15 10 0 — N.Z. Insurance (.'..... / 6 6 0 — ■Well. Meat Ex. (£2l2s. 6d.) - ' 3 26 ■Huddart-Parker'lord.) ... — 16 0 Union Steam (ord.) — 2 5 0 Union Steam-(pref.) ...... 1 0 10 - Well. Woollen Cord.) ...... 6 0 0 — Waipa Coal 0 IB 4 — Wcstport Coal 19 0 — '•'Ward and C 0....:.. 5 16 0 • — N.Z. : Consol., Dental l l 6 — *Cum div. * OTAIHAPE FARMERS' MEAT AND PRO- -. . DUCE COMPANY. LTD. Tlis'.'first annual report and balancesheet of the. Otaihape Farmers' Meat and" Produce Co., Ltd., covers operations for the season ending at June 30 last; In spite of 'many difficulties, which usually mcet new works of this nature, a substantial profit has been made, showing conclusively that the district is well able to sustain freezing works, and to provide sufficient stock to warrant the outlay of the capital made by shareholders. The total quantities of stock slaughtered in the period January to June are:—Sheep, 33,186; lambs,' 18,292;. cattle, 1650; calves, 56—the equivalent of 71,502 sheep. Owing to the shortage of ships to carry frozen produce, the directors found that the storage oapacity of the present works was altogether inadequate, and they recommend that, way and means be found for doubling this capacity. Considerable loss was incurred during the season through

having to close down from time to timo when the works were full of meat and no shipping facilities available. After providing for all accrued charges, and estimating stocks on hand and in transit at conservative values, the operations of the company show a profit of £2033, being equal to 12 per *ent. on sharcholdero' subscribed capital, whiob. must be consiciercd very satisfactory. 'Pile directors recommend that this sum be carried forward to bo used in the business of the company. It has not been considered necessary to write down the plant £0 eoon after erection, especially as no distribution of profits is recommended, .and no piovision is therefore made this year for depreciation. Customs duty collected at the port of Wellington on Saturday amounted to £2399 9s. 4d. LONDON WOOL SALES. Australian-Kcw Zealand Cable Association. - (Rcc. July 29, 5.5 p.m.) London, July 28. The wool sales have closed strong. There was sold for Homo consumption 95,000 bales, for export. 7000 bales, and held over 12,501} bales. There was a. strong Kußsian demand for beet merinos, and tho Homo demand -was well maintained. Good greasy combing merinos wcro strong throughout, and at tho cloie were about 5 per cent, above the June closing prices. Shabbier and faultier did not all through maintain the opening strength, but at the close were 5 per cent, above the Juno rates; good scoureda have broken nil records, medium and 6coured were irregular, and. at the close were about on a part with June prices. Grea6y rroesbreds receded,' especially mediums, but a wider and keener demand during the last few days brought about a slight recovery. Fine crossbreds eloßed a. halfpenny, medium a penny, and coarse a halfpenny below June rates, scoured were irregular, and closed at about par. Tor slipes,- the keenest demand was for fine, which advanced. Merino lambs were scarce, and always realised the high level touched in June; New Zealand crossbred lambs ; - declined halfpenny to ■■% penny. The decline' was chiefly due to tho prolonged absence of new business at Bradford causing an accumulation of stocks of medium and low grades, and nervousness in initiation arising from the recent Government development which has tended to" check business. The following were the prices realised for the fleece portion of the clips named: —Taupo. top price 18Jd., average 17jd.; Anamiro, 17d. Messrs. Abraham and Williamo, Ltd have received the following cablegram, from their London agents, dated. July 28.— 'Wool Bales: Merinos are on the rise, and show ah increase of 5 per cent, on last sale rates. Other wools are down from par to 5 per cent." Messrs. Murray, Roberts and Co.. Ltd.. have received the following cablegram from their London friends, Messrs. Sanderson.llui'ray and Co., dated July 28:—"Sales closed; market very irregular. Fine crossbred declined 5 per cent.; 13,000 bales held over." ( LONDON MARKETS. Australian-New Zealand Cable Association. (Bee. July 30, 5.5 p.m.) London, July 29. Wheat.—The market is very lirm. and is responding to the sensational rise in America ond Canada. •■A parcel of Australian sold at 61s. ,per quarter. Chicago July option*, 1225 c to 120Jc.; September options, 124Jc. to 122Jc; December options, 1258 c. <• ' Cotton—July-August shipments,.B.o3d. per lb. -V . Jute.—Native first marks, August shipment, £30 10s. per ton. N.Z. Hehvp.--1.-lie market is quiet. 'JulySeptember shipment, .£4B per ton. Copra. July-Augutt shipment, £30 15s. per ton. - Rubber, hard fine Para, 2s. 10Jd. per. lb.; 2s. 3Jd.; smoked sheets, 2s. 3Jd. Rabbits are dull of sale owing to the warm weather, and are slightly easier. \ Muttcn.-Soutu American, 9 3-Bd. per lb!. Lamb.—South American, lid. Othermeats arc unchanged. . .