COMMERCIAL ITEMS

Dominion, Volume 12, Issue 253, 21 July 1919, Page 10

COMMERCIAL ITEMS

INVESTMENT SHAKES. Sales of Union Bank new shares at £58 17s. 6d., and Wellington Cordage at. 23a... ■were made on 'Oha-n&c. on Friday, and a sale of Wellington Deposit shares, at Bs. 6d. -mis reported. The, Quotations ■were as follof;:— .• ..

The annual report of the directors at the- Wellington Investment, Trustee, and ■Vgency .Co., Ltd., states that the martill of profit for dividend is on this occasion small, but the directors consider that they are warranted in recommending tlio usual payment, ovine to ■ the circumstances that their policy.as regards investments' hajs - been most conservative, and has in a considerable measure sacrificed the result of the year under review* for advantage to he gained in the near future. Even since the close of the year the holding of Government securitiesilm been augmented, and now cicceds £80.0(10, as per list attached, of which £52,000 in due next year, lieinjj quite a : unique position for a company of Una character. An interim dividend of 3 per cent, was declared and paid in January, and it is now recommended to pay a further, dividend' of J per cent, (making a dividend of 6 per cent, for the year) and a bomis of 1 per cent. This will absorb £4340, loaving a balance of £tf 5b to be carried forward. Messrs. I* 0. H. Tripp and H G. Smith are the directors vvhq letue Ir'oin the board- in accordance with die artidcß of asocia-tion, and, being eligible, offer themselves for re-election. CUSTOMS REVKNUE. Customs revenue, collected at the port of Wellington on Friday amounted to £3185 lis. 9d. ' • LONDON MARKETS. ' (R«c. July 20, 5.5 p.m.) / London, Ju'y 12. -Jute, firm; August shipment, £52 ner t °Bubbcr.-Para, 29d. per lb.; plantation, 225 d.; .moked Ehects, ma. Oopra-.-Firm; South Sea, July-Septem-ber shipment, £58 10s. per ton. Linseed oil, £125 per ton. Turpentine, 90s. . Cotton-August, 20.i2d. : THE UNION BANK. Australian-New Zealand Gable Association, (Rec. July 20, 5.5 D.m.) London, July 12. The Union Bank profit i> £258.614. The (Urectoi'B proposo to subdivide the shares into.five.of £15 each, with £o paid, VICTORIAN PRODUCE MARKET. By Telegraph-Press Assoel<iU«n--oopyrlch! Melbourne July 18. Barley, English, malting ss. 6d. to ss. 9d.; Cnpe, 3b. lid. to.4s Id per bushel Oats. Algerian, milling, 4b. 9d. to 4s. M ; feed, 4s. 7d. to 4s. Bd, per .bushel. Potatoes, £12 to £13 per ton. Onions, £18 6s. to £18 10s. pur ton.

Buyers. Sellers. £ 8. d. . £ n. d. Nat, Bank (cum. div.) - & |3 j) National Bank (ner?) ... - & 10 » Bank N.Z. (£3 6s. M.) ...14 i 0 14 5 0 Bank N.Z. (£6 13s. 4d.) ... 18 8 6 Union Bank (new) »B 17 6 . — Wellington Deposit ......... - ■ J » J Chrisldmvcli Gas - J1J * Napier Gas - .? ° g Well. Gas (£10) ...: •- U " 6 N.Z. Ecfriserating 3 9 0 - Meat Export (52c. 6d.) ... 3 3. 6 •- Hnddart-Parkcr (ord.) ... 2 3j3 2 3 6 P. and 0. Stock -' 160 0 0 Well. Woollen (ord.) 8 2 6 - Well. Woollen (pref.) ... 5 5 0 5 10 0 Wcrtport Coal - } 10 " Leyland-O'Brien Timber i> 7 9 18 6 Hnlrten Bay Cement 0 19 6 - Wellington Cordage 1 j 6 1 i U Inscribed Sfcick 95 la 0 96 0 0 War Bonds (1938) 9o 17 6 -