COMMERCIAL ITEMS

Dominion, Volume 12, Issue 306, 22 September 1919, Page 8

COMMERCIAL ITEMS

j ••• •- ■ ! ... . INVESTMENT SHARES. "■ A sale ..of N.Z. liefritieratinc shares (10s. 'paid) at 265. was reported, on Saturday. ;The ciuotations were as under:— i' , Buyers. Sellers. I'. - - a s. U'. £ s. d. (Bank N.Z. I£3 6a. 1d.)... - . 15 0 0 X X, '.£6 13s. 4d.) ... - 19 2 6 'tlnion Bank 59 15 0 60 15 0 [Equitable Building 9 0 0 - :Trusi;a«l Lytin 5 16 6 • — !Ohriatchurch'-Qas ......... 6'5 0 — I°:° 0 Well;.(ias '(ord.)' .......VlO 15 0 Tfational tyslurance - 4 6 0 iN.Z.'r Insurance • 114 0 ,114 6 K,B. Insurance 7. 9 7 6 9 11 0 NiZ. liefrißCratins 4 14 0 — Meat .'Export'-, (5Js. fid.) .... 3 6 6 feuddart-Parker (ord.) ..,8 7 0 2 7 6 j,X[£.B. 1 1 3 " J

P. and 0. Def. Sto* 590 0 0 610 0 0 Well. Woollen (pref.) 5 9 6 — I WestDort Coul 1' 6 110 3 Leyland-O'Brien 'timber 18 0 fi olden Bay Cement' -t 10 0 Consolidated Dental ... 1 (i & — N.Z. Paper ; - ' 1 10 3 Sharlaml and Co 111 6 — Wilson's Cement 0 16 0 0 16 3 .WAIIIAKAPA FABMEKS' CO-OP. ASSN. The twenty-eighth annual and balance-sheet of the Wairarapa Fanners' Co-operativ;: Associx-i-Mi lor Ine ;'car ended Only 31, states that- since law balance the paid-up capital of tho, association has been increased by £59,853 ls\ The not profit for the" year, after, making ample provision for bud and doubtful debts, depreciation of stock and plant, auditors' .feos, end writing off buildings, is £32,090 7s. 6d., t-o which has to be added £6320 Is. Bd, carried forwo.rd from last year's profit and loss account, making a total, of £38,410 9a. M. available for division. The directors recommend the distribution as follows:— Paymont of dividend (,n paid-up capital (freo of income tax). 8 per cent.; payment of bonus to shareholders on thoir purchases (commission goods exempted), 3 per cent.; payment of bonus to managers and heads of such departments as have contributed a proportionate 6haro of profit; pavraent.of bonus to employees, who are working under the Shops and Offices Act, and who, have been a lull vear in the employ of the association, on their year's salary, 5 per cent.; a rebate of 15 per cent, on stock commissions, ivhioh for the convenience of those concerned ■ will be i"eluded in the dividend-warrants; all, bonuses to staff to be at the discretion' of the directors. And after paym? dividend of 6 per cent, on preference shares, and Government'income tax <of about £14,000, honorarium to directors, and bonuses, the balance to be carried forward to next year's profit and loss accoun'. The shareholders in the association now number 3(95, being an increase of 614 for the year. The directors state that the association holds large and well-bought stocks .suitable for the trade, and that all properties tro in a gopd state of repair. The staff i» capable and efficient. The retiring directors are Messrs. ,T. Caselberg, V. E, Donald, and H, G. Williams,. who, being eligible, offer themselves for re-election. The retiring auditors, Messrs. Watkins, Hull, Hunt and Wheeler, and Ifr. G. W. Hollar, being eligiblo, also effer themselves for re-election.

■ ' CUSTOMS ItEVENUE. Customs revenue collected at tho port of Wellington on Saturday amounted to £1074 4s. HA. BANK OP EXGLAM) EETURN.. Australian-New Zealand Cable Association. London, September 18. ■ The Bank of England roturn for the week l ended September 17, is as follows j Issob Department. Nows isaued i'6o-GO2.OCKJ Gov. debt... Other KocuriNotea in ties v . 7.434.000 reaervo 23.775.00ti Gold 60.228.00J £104.677,000 ' 1:104,67?,000 BAKXIKO DrrAimiKXT.j riorvictoi'6' Gov. secuVi- ■ ' capital ...£14,653,000 tien ... £19,523.000 Public de- Othersecuri"posits ... 20,128,000 . ties 84,722,000 Other de- . posits ... 01,822,000 Notes in ItesM-day reserve ... 23,775,000; and other .Coin in ... 3.533.000 reserve,... 3,016,000 ' £130,036,000 , i' 130,036.000 The leading items of : the Dank of Eng-' land return afford tho following comparison:— • This weok last weok Last year &■ £ £ Bullion £6.229.000 P 6.227.000 70.250.000 Reserve ... 25.791.00H 25.568,1*10 , 30.047.000 Nolo Circulation 10,002.000 81.128.000 59.303,000 ■Public Deposits 20.1-28-000 '23,078.000 38.133,000; Othor Deposits 91.52-3.000 69.364.000 123-D35-000 : Proportion of j '. reserves to , ' . „ ■ liabilities 23.01 22.73 18.67 GOVERNMENT fIECUKITIES. , Following are latest quotations for Imperial and Colonial Government securities:

, - This , Last - Stock . Week Week . f' ; «^ ollsola fo 10 'o ,fo 15 d o ■ ji "'vts4 17 II 94 12 6 Sj'. «'.» J «» g. ,6i.„.Aua:,Coinmonw:th ■ S ~ n m \ n 4 „ K.5.W.1933 Jau-Jnli 10 U 6215 0 TO.IU-0 70 10 C i " : P„ m 15,0 68 0 0 ,1 ? i 118 ]5 0 l'B 17 6 31 „ Vic. 1921-6 Jan.-Jn.y 5 q g7' 5- 0 „ . 67 10.0 67 10 0 T 9 62 17 6 62 10 0 35 „6,A. 1916 Jan.-July 73 o 0 73 0 0 ? 69 0 0 69 0 0 4. „Q I'd 1915-24 Jan,-Jly oi 15 o 9115 0 21 „ Q'l'dl922-47 Jan.-Jly 89 15 0 80 15 0 1 „ Q'l'd 1922-47 Jan.-Jlj 61 15 0 61 15 0 A „ N.Z. 1529 May-Nov. 67 fl 0 67 0 0 31 „ N.Z. 1912-40 Jan.-Jly 71 15 .0 72 2 6 3 „ N.Z. 1920 April-Oct. 62 15 0 62 15 0 ■ 31 „ W.A. 1915-35 My-Nv 76 10 0 7li 10 0 0 „ W.A. 1915-35 My-Not 72 0 0 72 1) 0 Jl„Tas. 1920 Jan-July 71 0 0 72 0 0 . 1 ~l'as 1920-40 Jan.-Julj 70 0 0 70 0 0 .MONEY MARKET.'The Bank of England discount rate on January 12, 1917, was sfc .per cent. On April 5 it was reduced to 5 net' ccnt., at which figure it haß since stood. OPEN MABKET BATES. The open market discount rate for three months' bills is 3J per cent-., as compared with oj per cent, last week, and 3J per cent, last year. ,A Short loans are quoted at 3J per cent., as against 31 per cent, last week, and 31 per cent, last year. COLONIAL AND OTHER PRODUCE. Wheat-.-Satißfactory business is passing; cargoes have sold at <ls. Flour.-Quiet; a. fair quantity of Australian litis been aliOeated at 44a. 9d. Oats—Firm. New Zealand'Gartons,,6ls. <d; to 620. ' Peas—Quiet; New Zealand and Tasmav, ian Ivory, 160s. Beams—Firm. . 1 ■ Sugar—^Unchanged. - LONDON MARKETS. Australian-New Zoaland Cable Associatloa. (Rcc. September y, 5.5 p,m.) > London, September 20. Hemp.—Slow of. sale; prices unchanged. Rubber.—l'ura, 2s. 61'!.: plantation, 2s. 31d.; smoked sheets, 2s. 3}d. Copra—October-Deccmber shipment, £56 10s. l inseed Oil.—£9l per ton. / ' Turpentine. 128s. 6d., per nvt. P. AND. O: SHARES. London, September, 19. ■ P. and O. deferred stock has' reached «20.