COMMERCIAL ITEMS

Dominion, Volume 10, Issue 3006, 17 February 1917, Page 12

COMMERCIAL ITEMS

INVESTMENT SHAKES. Yesterday's quotations for investment shares were as follow:— : . , Buyers. Sellers. . £ s.' d. £ s. d. National Bank 5 0 0 , — Union Bank ." 51 7 6 — Weil. Trust, Loan, Ltd. ... 6 12 6 — \ Well. Gas (£10) - 14 10 0 S. British Insurance .... 5 6 6 — Well Meat Export (£5) i.. 6 5 0 — Union Steam (ord.) 2 0 0 2 0 9 lluddart-I'arkcr (ord.) ... 1 4 6 — Well. Woollen (ord.) ... — j 6 2 6 LtyianU-0 llneiL 13 6 — Golden Bay Cement .... — 116 Wilson's Cement lord.) 14 6 — ■ t|xSOUTHLAND FROZEN MEAT CO. The tolaiicc-sheet of the Southland Frozen Meat Company for the year elided December 31, 1916. shows that the prohts, after making provision for repairs and renewals, depredation, taxation, and contingencies, amounted to £28,004 16s. Bd.; transfer fees, £2; and brought forward from the previous - year £9039 7s. 7d., making the total £37,046 4s. 3d. The general expenses, including salaries, etc.. totalled £5003 4s. 9d., 'leaving available £32.042 19s. 6d., and' tliis has been allocated as follows:— I To.reserve f«W,I £5000; to dividend equalisation fund, £3000: to accident insurance reserve, £2000; transferred to building fund, £5000; to dividend of 5 per cent, and bonus, of 5 per cent., £6.828 65., leaving £10,214 13a. 6d. to be carried forward: ' . COMPANIES FOBMED. The "Mercantile Gazetto" reports the registration of the following companies :- l)avid M'Crae, Ltd. Registered as a private company 'February 12, 1917. Ollice, 25 Farish Street, Wellington. Capital: £2300, into 2300 sharfcs of £1 each. Subscribers: Wellington—D. M'Crae, 2250; M. C. M'Crae. 30; M; A. Johnson, 10; E. Hordman, 10. Objects:'To "acquire from David M'Crae as a going concern the ousiness of mattress manufacturer and importer, carried on by .him at Johnsonville and Wellington. Goodyear Tyre and Rubber Co. of New Zealand, Ltd. Registered February 12, 1917. Office, 6 Mercer Street, Wellington. Capital: £5000, into; 5000 shares of £1 each. Subscribers: Sydney—H. J. Hunter, 1000; W, Tomkinson, 1; 11. F. Lee, 1; R.. Chatfield, 1; Wellington—a. Blackman, 1000; C. J. M'Phee, 1; E. C. Levvey, 1. Objects: To acquire as a going.concern the business, of The Goodyear Tyre and Rubber Co. of Australasia, Ltd., now carried o« in New Zealand at Wellington.- together with the assets and liabilities. ■' • "John Bull, Ltd." Registered as <i private company, February 13, 1917. Office: Bank of New Zealand Chambers, corner Manners and Cuba Streets, Wellington. Capital: £2000, into 20C0 shares of £1 each. Subscribers: M. Goldsborough, 10C0, f.p.u., 999 cont.; E. P. O'Donnell, 1 cont. Objects: • To establish, print, and publish a newspaper under the style of "John Bull Register," and to carrv on the business of booksellers, stationers, etc. Customs duties collected at the port of Wellington yesterday amounted to £1727 lis. lOd.

■ .SOUTHERN MARKETS. ' By Telegraph.—Press Association. • Christchurch, February 18. Farmers arc offering their wheat freely to millers,.who are securing a stock while there is a good chance of prime milling available. There is so fur not such a demand lor Pearl for mixing purposesas the Hunters and Tuscan wheat is uuusualiy dry and hard. Merchants are also making some purchases, but, most .of the offerings are to the*nailers, who have; had numerous samples submitted to them*' during the week. A considerable amount of threshing has already been done, but. in the..outside districts there is a shortage of' Hhreshing mills, and farmers are unable to get their c **ops dealt with. The estimated yield of 25.15 bushels per acre for this season s wheat crop is generally considered to be a very fair one. There is a scarcity of oats, and prices are firmer. For heavy Algerians and Duns up to 35.. and for Gartons up to 2s. 10d., is offered at country stations. Oatsheaf chaff is offering more freely, and £3 t,o £3 ss. at country stations is being paid. Ryegrass has firmed. The scc<i is mostly light, and for seed up to 231b- 3s. 6d. is now obtainable, while 241b. to 251b. seed would Tctvli&c 3s. 9d. A fair

amount ot business has been done ill potatoes, as Auckland will bp. in (lie market earlier than usual owing to the failure of tho crops there through so mucli wet weather, i'or March delivery £4 15s. to £6 has been (mid, and for April and llay delivery £4 ss. to £4.105. at cuuutry stations. The main crop promises well, and the cool weather of late has 'removed tho fears ol blight. i LONDON . WOOL SALEii! • London, February 15. A catalogue of entirely second-hand wool was offered. It was a poor selection. The. Government withdrew all slipes without disclosing the basis of values, l'hero -was keen competition for a few greasy crossbreds. The demand for merinos hardened.—Aus.-N.Z.. Cable Assn. . WHEAT. February 15. Wheat—Tho American visible supply is 55,511,000 quarters.—Aus.-N.Z. Cable Assn. VICTOBIAjr PRODUCE MARKET. By Telegraph-Press Association-Copyright Melbourne, February 16. Barley, Cape, 3s. ifd. Oats, milling, Algerian 2s. 4jd., feed 2s. 3d. Potatoes, £3 to £5 15s. Onions, £7 to £8. 1 BANK OF ENGLAND RETURN. (Rec. February IG, 8.5 p.m.) London, February 15. The Bank of England return issued for the week ended Wednesday, February It, is as under-.— Issue Department. • Note Issue f74.052.000* Gov. debt ... £11,015,00 * 'Other sccuri- . .ties 7,434,000 . ; Gold .... v . 55,603,000 j i'74.05'2,000 £74,052,000 Banking Department. I proprietors' ' Gov.securicapita! X 14.553.000. " ties £134,059.000 Public de- ' Other securiposits ..• 51,023,000 ties not stated Other de* ? , posits ... 145,157,000 Notes 34,601,000 Best', 7-day t ! nnd other bills ... Coin 1.540.000 Tho' leading items of the Bank of England return afford the following comparison:— This week Last week Lastyear £ £ £ Bullion 55.603,000 55,496,000 54,165,000 Reserve ... 36.141.000 35.839.000 40,973,000 Note Circulation 39,451i000 39,635*000 32i566,000 Public Deposits 51,923,000 42.262,000 51,514.000 Other Deposits 145.157.000 226,470,000 99,156,000 Proportion of a / reserves to liabilities 18.33 13.33 27.01 GOVERNMENT SECURITIES. The following are the latest quotations for Consols and Colonial Government Securities in comparison wi'th those ruling last week:—

IKB.'El' MARKET. The Bonk of England discount rate was on January 2, 1914, reduced from 5 to 45 per cent-, on January 22 it was reduced to 4 per cent., and on January 23 3 per cent. On July 30 the rate was raised to 4 per cent., and on July 31 it wa6 raised'to 8 per cent., and on August 1 it'-was further advanced to 10 per cent. Ori August 6 the rate was reduced to 6 per cent., on August 7 it was further reduced to'. 5 per cent., on July 13, 1916, it was raised to 6 per cent. OPES MARKET HATES. >' The open market discount rate for three, months' bills is 51- per efcnt.. as com-' par(\d with 5 1-16 per cent last week and s>per , cent. last year. Short loans arc quoted at 5 per' cent., as against 43 per cent, last week and 45 per cent, last year.

COLONIAL AND OTHER, PRODUCE. Wheat is unchanged. . . ' "Hour.—Restricted, business doing. Australian patents, 625. 6d. . Oats are firm. There is no La Plata offering. Peas are firm. New Zealand Maples in small supply and unchanged. Beans are firm. No New Zcelands offering. • ; Butter is unchanged., , Cheese is firm. -Canadian is very scarce, and is quoted at 1625. to ,1645. ■ Sugar is unchanged.—Aus.-N.Z. 'Cable Assn. . UNION. STEAJI SHARES. (Rec. February 16, 8.5 p.m.) 5 London, February 15. Union Steam Ship shares aro quoted: Buyers, 395.; sellers! 41s.—Aus.-N.Z. Cable Assn. NATIONAL MORTGAGE COMPANY (Rec. February 16, 8.5 p.m.) • 1 London, February 15. The repoTt of the National Mortgage and Agency' Company, Ltd., shows a profit of £54,596. A dividend of Is. 6d. per share and a bonus of 2s. has been declared, £SCOO carried to reserve, and £24,586 carried forward.—Aus.-N.Z. Cable Assn.

- v ' This Last fctock , Week AVeek 2}% Imperial Consols jg ''j j' 0 "g 3i " ,\^ ar I* 0111 66 10 0 ' 8110 0 41,. War Loan 93 17 e 09 17 6 • 4 „ jN.i).W.1933 Jan-July ™ gvg gg q q. 3J „ N.S.W'.ISSO-SO ilr.-Sp 9510 0 95 12 I! 3j „ N.b.W. fcarly Curr. gu 17 t - } ir a 3 „ M.S.W. 1925 Apl.-pct 67 12 (j 67 7 6 4 „ Vic. 1920 Jan.-July 9.3 m 0 IB 15' 0 3i,. Vic. 1921-6Jan.-July s i g 0 81 0 0 35 „ Vic. 1S2U-1949 - 07 1 5 0 68 ,0 I) - 3 „ Vic. 1929-49 Jan.-Jly co 15 0 60 0 0 35..S.A. 1516Jan.-July 70 5 0 70 0 0 i „ S.A. 1916 Jau.-Julj- 70 0 0 70 0 0 4 „QTd 1916-24 Jan.-Jly go 0 0 85 15 0 34 „ (!Tdl922-47 Jau.-Jly g)i5 u 83 15 0 3' „ Q'l'd 1922-47 Jan.-Jlj 60 15 0 60 15 0 4 „N.Z.1929May-Nov. -81 15 0 81 17 6 35 „N.Z. 1912-40 Jan.-Jly 69 IS 0 69 15 U 3 „ N-Z. 1920 April-Oct. 61 5 0 60 17 634 „ V.A. lStf-35 JIy-K> 74 15 0 71 15 0 3 „W.A. 1915-35 My-Nov 70 0 0 70 0 0 35 „ Tas. 1920 .Tan-July 69 10 0 69 10 0 3 ..Tas 1920-40 Jan.-July 63 0 0 (>3 0 0