COMMERCIAL ITEMS

Dominion, Volume 13, Issue 45, 17 November 1919, Page 8

COMMERCIAL ITEMS

INVESTMENT SHATiER. A tale of Bank of Australasia shares at £136"-MS reported on Saturday, alio auotations were as follow:- cii.r. Buyer*. Seller*. ... £h. d. £a. d. Bank Australasia 135 0_ 0 - fl :"lSks%s:w:::::«i7D «»; Loan and Mercantile - IEI _? ° Golfisboroujh Mort Z 1 0 ■ Napier Gas (pre*'. - « n ? National Insurance- - ■* J ■ Jf.Z. Insurance •■■■ l lj , a . ~ A N.Z. ttefrizernlhiß (10b.)- 1J » >4 6 ' Meat Eiport (523. «>U ..iv 31» 0 " Hnddart-Parker (crd) -!j 1 HnddarW'arkcr.lprcU ... 1 0 o 11" • P. and O-Dcf. Stock 6(5 0 0 — . Hiknrangi Coal 011 0 V" . . Wec-tport Coal 112 0 113 0 Kauri Timber 0 16 a . Levland-O'Brien Timber 18 3 — ' Tafingamutu-Totsra 10.11 " • Colonial Sugar (Aunt.) ... - "5 30 0 Colonial Sugar (Fiji) ....20 5 0, Crown Brewery 1 U « " , i N.Z. Paper Mills - J }g,° ' Wilson's Cemem. - 015 U : Inscrihed itork, 1938 '94 17 6 - War Bonds, 1933 -- 95 o 0 i p.c. P.O. lloudß 97 10 0 MONEY IN COTTON. ' • Tollowina up tlio recent cable messages , of the ££900.000 profit mudo by loatci Ltd. during ita last year comes tlie news that, other cotton companies are flourish- , iiifiT like tho srecn bay tree. The "English Draper" of a recent date publishes the following summary of tho annual report of tho English Sewing Cotton Company, of Manchester, for the year ended March 31 last. It reads as follows :-"The directors ' report that the accounts for the year ended Mnrch 31, 1919, result as follo\v:-Afler providing for depreciation, debenturo inter- : est, cscess profits tax. directors' fees, law charges, and audit?!'?' fees, the net profit •for the year is £533,742, to which ha* to be added the balance from last year, £191,416, making £725.158. Thin amount Iho directors propose should be dealt with au follows:—Payment of preference dividend (5 per cent.) for the year ended March 31, £iO,OM; final dividend of 10 per cent, on ordinary shares (malting with interim dividond of 5 per cent, already paid, 15 ' per cent, for the year), £150,000; bonus of • 10 per cent, on ordinary shares, JEIOO.fiCO; general reserve nccount, £2CO,GCO; pension fund' for cmploycos. £31.595; leaving a ■ carry forward of £193,563. The directors have decided '.o recommend ; tho shareholders to capitiiliEC £1.0M.W0 of the company's reserve funds, and to isscc ono ordinary share of £1 each, fully paid, : for each ritch share held. To carry out 1 this scheme certain alterations to the present articles of association are necessary, ■ and stops, will be laken to effect these as • Quickly as possible." '-■ CUSTOMS REVENGE. Cnitomn revenue collected at Hie port of Wellington on Saturday amounted to £1767 lis. 9d. . BANK OF AUSTRALASIA, 't . 'Australian-New Zealand Cable Association. (Ihc. November 16, 11.5 p.m.) London, November 13. The Bank of Australasia proposes to ' lssuo 25,000 further £40 shares, and i=. also seeking power to capitalist its reserves ttu'd distribute as a capital bonus. LONDON WOOL SALES. ' fliec. November 16, 1',5 p.m.) London, November 13. At the wool sales there was a good selection of greasy cro.-sbreds, and strong competition. Hvingalbert secured merino brought 116t1., ?. record. Tho Bradford mirk?! reports a ;trong tone, with a cood demand for merinos nnd fine crcisbrcde. but tho topmakers are reluctant to soil. HONEY MARKET. The Bank of England discount rate, . whioh had stood nl. 5 per cent. cin'T April 6, 1917. on which dale i(- was reduced rrom 61 er cent., war, raised to 6 per coat, on November 4. OPEN MARKET BATES. The open market discount rale for three • month? bills is Q per cent., as compared with 4} per cent. Inst -week, and 3} per tent, last year. Short loan;? are quoted at ! .'i per cent... as against 3* per oca'., last week, and 3} per cent, last year. THE STERLING EXCHANGE. Exchange rates-Oi Paris franc. 33.7(1; Stockholm, kroner, 17.2-3; Ohrisliania. kroner. 18.40; Calcutta, rupees. KJ; Muutr.-al, dollars. 1 dollar* 23!. cents; New York, dollars, 4 dollars 131 cents. COLONIAL AND O'i'ilEl! PI'.ODI.'CE. The whe-u market is cniot; Australian •ales on n:iir.ncc, parrel'. 61s. Flour-Unchanged. Oats-Tn firm demand, but slow; Laplata, 435. and Kr,. Peas and Roans-Firm, unchanged. r.bugnr-Unchangjd.