COMMERCIAL ITEMS

Dominion, Volume 10, Issue 2941, 29 November 1916, Page 10

COMMERCIAL ITEMS

INVESTMENT SHAEBS. Yesterday's quotations for investment shares were as follow:— " ' Buyers. Sellers. . £ s. d. £ s. d. Bank Australasia, 115 0 0 — , National Bank 5 0 0' — Bank N.Z. (£6 13s. 4d.)... - 17 7 6 Union Bank .-, — 54 0 0 Loan and Mercantile — (pref.) ■ - 78 0 0 N.Z. and Elver Plate — ,210 Wgtn. Invest., T. and A. — 0 10 6 Wgtn. Gas (£10) — ' 15 0 0 Well. Gas. (pref.) - 0 19 3 ■Wgtn. Meat Export (£4) - 5 5 0 Well. Meat Export (£2 12s. 6d.) - 3 2 6 Well. Meat Export (£1 155.) •-•■ ' 2 10 Union Steam (ord.) .: 2 4 0 2 4 9" Huddart-Parker (crd.) ... 13 9 — Kaiapoi Woollen (pref.) . — 3 16 6 Westport-Stockton (ord.) 0 6 3 0' 6 6 T.evlaTid-o'Brien 13 0 — N.Z. Brug 2 7 6 - Goldeil Bay Cement- — 0 19 6 Taranaki Oil Wells 0 0 6. N.Z. FARMERS' CO-OPERATIVE DIS- . TRIBUTING COMPANY. ANNUAL REPORT. The directors' report to be presented at thel aunual meeting of shareholders of the N.Z. Farmers' Co-operative Distributing

Co. states that the total net profit for tho year, after making provision for bad debts and. writing down premises, plant, and office furniture, and motor accounts, is £1294 lis. 9d., to which has to be added the amount brought forward from last year (£509 3s. 5d.), making a total of £1803 15s. 2d. available for distribution. The totnl sales for the year, including wool, etc.. show an incrcaso of £42,452. The result of the year's trading is, therefore, a very satisfactory one, on which the directors offer their congratulations. Tho directors" recommend that tho balance to the Credit of profit and loss account be disposed of as follows:—lst, dividend on capital at the rate of 75 per cent.; 2nd, bonus coupons for the financial year ending September 30, 1916, be redeemed on the following basis:—(a) Debate of commissions 15 per cent., (b) bonus on coupon purchases 4 per cent; 3rd. bonus to staff, the allocation of which will bo left to the directors; 4th, transfer tho sum of £104 Bs. from profit and loss account, and .£395 12s. from premium on shares account, to tho reserve account, bringing the total of same up to £1000; sth, balance to bo carried forward. The' outstanding feature of the year's trading has been the development of the wool sales department. The company's first wool sale was held in November last year, and consisted of 188 bales. The total for' the season wan 2200 bales. Tho company's entries for the November sale this season totalled 1000 bales, and the number of bales promised for the coming season is no less than 11,000, which total is being continually added to. The Government having decided to commandeer the wUolo of the wool output of the Dominion, no public sales will now take place. The company will, however, in common with other brokers, act for country clients rendering all the usual services excepting the sale by auction. The wool will require to be warehoused, displayed, etc., for inspection of Valuation Committee, It is anticipated that this will mean a, further largo increase in the number of hales passing through tho company's hands, by reason of the fact that the clips of many of th© company's best clients that have been regularly shipped to London for sale will now be handed to the company's care. The hide, skin, and tallow sales also show a large increase. A commence"ment in the live stock selling business -#111 be undertaken as soon as sufficient capital is subscribed to ensure success. The capital of the company has been increased by £5140 during the financial year, to which has to be added £6498 allotted since September last, making to date a total increase since the issue of our last balance-sheet of £12,6a8. The company's shares are at present on issue at a premium of 2s. 6d. to new applicants, and 13, to, existing shareholders. Matters in connection with federation of co-operative associations are now complete, and it is anticipated that the Farmers' Co-operative Wholesale Federation, Ltd., will be incorporated early in the New Year. The company has taken a prominent part in or. ganising the- Dominion Farmers' Institute, for which £30,000 subscribed capital is now in hand.' It is anticipated that an early commencement of building operations will shortly be made, and. it is hoped that within twelve months your company's offices and warehouse will he housed therein. Three . members of the company's staff. Messrs. Quy Marriott, A. Marshall, and N. Peters, are. at present serving the Empire at the war, -and the directors fire pleased to record that they are all well. As directed by the last general meeting, the company has during the year paid a monthly contribution of £5 towards the relief of the distressed Belgians. The directors tender their hearty thanks to the staff for their untiring efforts on behalf of the comuany during the year. This, year especially the work of the staff has been very arduous, and yet cheerfully and efficiently done. Customs dutieß collected at the port ol Wellington yesterday amounted to '£3717. NEW ZEALAND SHIPPING COMPANY. ANNUAL MEETING. By Telegraph—Press Association. S Chrlstchurch, November 28. s The annual meeting of shareholders of the New Zealand Shipping. Company was held to-day. As practically all the shareholders have transferred their shares to the P. dud O. Company, the meeting.was purely formal. The retiring directors. Sir Charles Bowen and Messrs. William Ecece and A. E. G. Rhodes, were re-elected. At a meeting of directors Mr. Murray' Aynsley was re-elected chairman of the company. . ■ , SOTJTHTEN MARKETS. ' By Telegraph—Press Association. _ Chrlstchurch,. November 28. The wheat market remains as firm as ever, but except for some small business between merchants and millers there is little doing, as offerings from farmers aro almost negligible. There is practically nothing doing, in the oats market. FROZEN MEAT MARKET. - Gilbert, Anderson, and Co (Messrs. Mellsop, Elliott, and Co., Palmerston North,, local,agents) report on the tiozen meat market, under date London, October 6, as follows:— . Hdme Grown.-Last week's drop in values led to reduced supplies being sent forward, Tha ™, u ,.t'?"? tly ' ? "eora-y this week, fwi™ rk !« has also been, without any Diuteh. mutton. iZTtS'lt. sympathy with the changed tone in the home-grown. section, frozen Sheep, instead of being neglected, are in good request, especially as the Governs££* * ha f e ? ow Tedu "d the releases of £?»,. ? land , ev L es , t0 one - ha l f aud'also commandeered the bnlk of the recent w^,T M a^ivals - New Wui lambs,however, are just sufficient for the deAmericans are easier Aduce of Meat Shipments (to U.K. Only). Frozen Frozen Frozen Chilled i \ .-.., m uttbn. lamb. beef. beef. August, 1916 ... 383,126. 351.566 540.655 82,000 August, 1915 672,000 622.000 396,300 90 000 Shipments During September (as far as . , ~ advised). Australia — _ 119500 _ New Zealand ...2(2,848 164,302 75',422 - South America 106,000 42,000 236,000 ■ 68,000 378,848. 206,302 431,022 68,000 Sept.; 1915 481,500 385,500 454.4C0 97,000, Market Prices for Weeks Ending: Oct. 5, Oct. 8, Sep. 29, „ 1916. 1915. 1916. Home-grown- d. d. d. d. d. d. Beef, sides BJ-10J ■ 7MO 8 -10 Mutton, wethers 10 13 81-101 9 -13 '• Mutton,' ewes 81-10 64. 73 71. 9 Mutton, Dutch Nil. Nil. B°-10' • T Te B6. , 113-134 91-10J 11-121 Lambs 10S-131 8.1-104 9J-13 Teal (best) 10-1-12* 71- 9 11.13 Pork (best) 12J-14 115-12 121-13 FrozenMutton : N.Z. wethers • 83 • 7 - 7-3 85 , N.Z. ewes ,8 53 8 S. American wethT <**1 •• • .- 81-71 6-6J 8-7.1 Lamb, N.Z 91 -' 73- 8J 9} Lamb, §. American 9 -81 71-63 91- 81 Pork U.S.A 91-11 73-9 91-111 ChilledArgentine, 01 fores and hinds 7J- 93 5a- 7a 7-9