COMMERCIAL ITEMS

Dominion, Volume 14, Issue 37, 8 November 1920, Page 6

COMMERCIAL ITEMS

INVESTMENT SHARES. Sales of Bank of New Zealand at £25, Union Bank at £12 155., and Waipa Colliery shares at 14s. 9d. wcro made on 'Change on Saturday. Tho auotatioas were as follow:— Buyers. Sellerß. £ s. d. £ a. d. War Bonds, 1939 & 1938 ... - ,92 5 0 National Bank - 6 7 0 Rank N.S.W 32 0 0 - Bank Now Zealand — 2510 0 Union Dank — 1?. 9 0 Well. Trust and Loan ... ■ — 6 7 6 Well. Deposit 0 8 9 — Well. Gas (£10) - 10 0 0 S.B. Insurance 8 12 0 8 17 6 N.Z. Refrigerating (205.)... 2 2 0 - N.Z. Refrigerating i 105.)... — 12 0 Well. Meat (£3 12s. 6d.)... - 410 0 lluddnrt-Parker (ord.) ... — 2 9 6 U.S.S. Co. (pref.) 110 - P.. and 0. Def. Stock 450 0 0 - Kahinol Woollen' 110 0 — Mosgicl Woollen — 610 0 Taupiri Coal 0 17 9 — Westport Coal 110 0 111 0 Weatport-Stockton — 0 8 0 Walpa Coal — 015 0 Kauri Timber 14 9 — Leyland-O'Bricn Timber 115 6 — Consolidated Dental 16 3 — N.Z. Drue: — 3 6 6 Paper Mills — 114 9 Wa-lrarapa Farmers — 6 7 0 Ward and Co — 14 0 Well. Cordage — 119 Wilson Cement 0 15 10 0 16 6

NATIONAL INSURANCE CO. Tho report and! balance-sheet of the National Insurance Company's operations from October 1. 1919, to September 30, 1120. shows that the net revenuo for the year amounts to £218,899 18b. 10d.; after making full provision for losses outstanding, and transferring £9000 to reinsurance reserve, there is an underwriting-- surplus of £32.230 14s. 4d. ; interest and rents, etc, amount to £29,645 lis. 4d.; less incomo ta\£6994 (£22.651 Its. 4d.); balance broii"ht for" ward, £33.428 17s. Id.; total. £88,311 2s 9d Out of this an interim dividend was paid in May, 1920, £12,500; the directors have added to the reserve fund, £10,000- and placed to investment fluctuation account £15.000. They now recommend the payl meat of a further dividend of one shilling and threepence, and a bonus of ninepence per share (making the total distribution for the year 3s. 3d. per share), £20,000; and lo carry forward, £30,311 2s. 9d.; total .£01.311 2s. 9d. Messrs. G. R. Ritchie and W' Downie Stewart retire from the directorate by rotation, and offer themselves for reelection. -CUSTOMS REVENUE. Customs revenue collected r-t the nort of Wellington on Saturday totalled £5725 12s. 6d, BIG DECLINE EXPECTED. .By Tolecranli-l'ropo Association.. Ounoriin, November 7. A cablegram received on Saturday morning by a leading New Zealand firm, dated London, November 4, states:—"Rabbit-skin prospects are Jccidcdly unfavourable. For next auction thero arc available 3500 bales Anticipate decline of 20 or 30 per cent, in consequence of bad trade and poor denwin}:" DALGETY AND CO.'S YEAH. Australian-New Zealand Cable Association. (Rcc. November 7, 5.5 p.m.) London, November 5. Tho report of tho directors of Dalgety and Co. shows that the divisible profit is £338,505. The year's "dividend (a 10 percent., with a bonus of sa. per share, hith tax free. Tho 6Um of £50,000 Is added to the reserve, £60,000 to tho promises account. £10,000 to the staff benevolent, fund, and £128,505 is carried forward.

• LONDON MARKET REPORTS. Australian-New Zeai'ind Cable Association. (Eec. November 7, 5,5 p.m.) London, November 5. Cotton—The Liverpool quotation for American middling Upland cotton. December dolfvory, is IWd. per lb. lute—Quiet. November-December shipments, £49 per ton. Homp.—Dull. October-December shl;*ments. £54 per ton. • Rubber.—Fino hard Para, Ib. 5Jd. per lb.: plantation, first latex crepe, 1«. 2jd.; Bmoked ribbed sneet, In. 03d. Copra.—South KM, bagged, Novonibe!January shipments, £34 per ton. LlneecS 0i1.—£64 per ton, equal to s*. 11-! d. per gallon. Turpentine.—ll26. per cwi.; equal to 9s. JJd. per gallon.