COMMERCIAL ITEMS

Dominion, Volume 12, Issue 112, 5 February 1919, Page 8

COMMERCIAL ITEMS

. INVESTMENT SHAKES. A 'sale Sf New Zealand Inscribed Stock (1958) at £97 was reported yesterday, and a sale of Union Steam preference at 21s. 3d. was made on 'Change. The quotations were as follow:— Buyers. Sellorn. £ b. d. £ s. d. National Bank 612 0 614 0 Bank N.Z. (£3 6b. Bd.) ... 13 10 0 Bank N.Z. (£6 13b. 4d.) ... 18 0 0 -- Union Bank ; : 6UIO 0 Equitable Building .: .'. 9 0 0 National Mortgage 410 0 sLoan and -ller., 96 0 0 —\ 'Loan and Mer.-(pref.) ... 63 0 0 — N.Z.; and- Biver Plate ... 119 6 'Well. Investment ...0 10 3 - Well. Deposit •.. 0 7 6 0 8 9 Ohristchurch Gas 6 3 0 — Well. Gas . - 12 0 0 N.Z. Insurance 11 5 0 S.B. Insurance .'..; 7 2 0 Meat Export (£2 12s. 6d.) 2 10 0 - fluddart-Parker (ord.). ... 118 9 20 0 Union Steam (pref.) 113 — Waipa, Colliery - ■ 0 18 0 Leyland-O'Brien (Timber) 17 3 — Well. Cordage 110 - P.O. Bondß, 5 p.c. - 9710 0 Inscribed Stock (1938) ... - 97 5 0 War Bonds (1938) - 97 5 0 War Bonds (1930) - 98 0 0 Customs duties collected at the port of Wellington yeßtei'day amounted to £4253 19s. LCd, .

NEW ZEALAND .'INSURANCE CO. By Telegraph—Press Association. Auckland, February 4. The-balance-sheet of the New Zealand Insurance Company, Ltd.-, for the year ended Novembor 30, 1918. shows that the net income from premium, .interest, and rente amounte to £1,235,(69., The available balance on the year's transactions and including the balance brought forward from the previous year amounts to £238.813 from which has to be deducted a dividend of £30,C00 paid in Auguat last. The directors now recommend the placing of £75,000 to the reserve fund and £25.000 to the staff provident fund. From the' balance of £108,813, the directors recommend the payment of a dividend at the rate of five shillings per share, and a peace bpmiß ci one shilling per share, absorbing '£45,0011, making a distribution of 10s. per share for the year, and leav ing, a net'balance of £63,813 to be carried forward. The naid-up capital, reESFv'eR and undivided profit now amount to J81.45b.813. after providing for the dividend recommended by the directors.'

SOUTHERN GEAIK MARKETS. - By Tqlesraph—Press Association. Christohurch, , February 4. .The rain of last week which put a slop lor several days to the .harvesting' and thrashing operatione, also checked the offerings of grain during the last few (lays. Tlrere has been very little offering of any kind. Algerian oats are the only grain that ie.yet in any : quantity, and as they come-forward sales nre made at from Is. Cd. to 4s. 9d. at oounjry stations, and a little more has been paid for extra good samples." There are no ])una on tho market, and the thrashing of Gartonj lias hardly begun yet. Ojic line has been sold at sa. at country stations. Ryegrass is changing hands slowly at present. Italian is making a, little more money* than tho. perennial. The market for Peninsula cocksfoot has not yet opened, though it is reported that one crop lias been sold at) 10d. per, lb. The peas and the. potato crops are looking welt since the ruin. «nd Ijotli promise yields above the average. ISLAND DANANAS. • - By Telegraph-Press Association. Auckland, February 4. The-Talune. which arrived from the lalands, brought a shipment of bananas which are believed to be generally fully matured and not in condition to facilitate transhipment south, tKo'ugh -the"local demand will probably be sufficient to prevent them becoming a glut on the jttirket.