FINANCE AND COMMERCE.

Dominion, Volume 1, Issue 269, 6 August 1908, Page 10

FINANCE AND COMMERCE.

' There were sovoral, sales of inrestiiient sbar«« ; Mercantile,sharits ehu{«d, hands at is:--Id; and •Is.,' snd- ; W«llinj;ton-..W.ool-len','ordinary at 7s. .Thero werr-aifair-iiuia-. hereof .'buying .quotations, but on the wh»l« ' the market .is, quiet.'; Bank of Naw Zeala«d : ~ shares. were offered' at <6S. 25.,' National, Banks, . : buyers <65 Is., sellers; <£5'.25. : ; -Wellington I-*v««t-inent, buyers lis. '6d.^ i; 'Nitionil " buyers <62 19s. 6d. ;" Loan and Mercantile, buyers ' 4s. : Gas,shares !are quiet, .and ereh-the new . proposals of'ihe"Weningt6n :Gtis Cdmi).!iny;h&Tß,.. notr,:caused'''.inguiryK'for ; :'i : the .isharesi, -'vThe.i ; . 1 Company•is?ask'in'g;' a'.'reiiiarkAbly''.big premium:' from the 1 shareholders, and it is ; obvious that ; the .proposed debentures '.will -ba'a .better invest-.: . ' . meht.Vlhan-r.the'^shar'est the :interest s'-' percent.. Christchurch, Gas, shares werWii do-; - mand at «££>..l2s. 6d.; Feilding Gas, : buyeri; 185.,* • sellers:'.l9s;:Gd. v ; Nationalvlnsuranee,''buyers' 275. 6d. ;• Sfandard?lnsuranc'e, , ' : buyers- 225.--6 d«. South-' • ' BritiShv.lnsurahcei. sellers.£2'lss.; -Wellington'.' and Manawatu Rails,- sellers 495. ; New Zealand Shipping, buyers £5 2s. 6d.>-. Union--.Steam, buyers JBI Ms. 9d.,\ Wellington' Woollen, ordi-,' • buyers 6s. Gd., sellers ,£3 Bs.; Westport Coal,-'sellers .£G 125.; Westport-Stockton'.Coal;' sellers 10s. i Leyland-O'Brien Timber, s»llors '<62 3s. 6d.; Ward and Company Brewery, shares, buyers S4. 17s. Gd. -Sharlaajl'a- . , ordinary,' sellers 20iv'-i." .» THE MINING MARKET. ' . Big Hirers were in.active demand,-aud sales' . were made .at..415,;,,415,-6d.,,425., with sellers . at..the'close "at'42s." .'Talismans sold at 475. 3d., • ; and Tangiaros at Is. Bd. and Is. 81d. The quo- ■ tations were as under:— •'.' ■ ',7 '■ Buyers. Sellers. Sales., v,..f ifie.d. <£'!» d; £s.d. ■■ Talisman,:... -- ..; '2.'7 :0:. ,2 7.' G' 2-7 3 ■ Waihi «... ■ ... 9 4 0. 9-.'4 .6 '': Tangiaro .... 01 ,8 -.■■■,!— ■ 0-\l 8J Tairua'. Broken . 'S ' V.' v . : Hills" . ... " —'• ■ 0 211 — Big River ... .. ■ 2- 2 .-.0 2 2 0 , ■ Blackwaterv' • : 1 :3' 6 . — . ANOTHER INSURANCE COMPANY. The :numbor,;of: fire-and'accident Mnsu'raiicel . companies.-operating in^New-Zealand is to be ; reinforced immediately by'another for th«.Uhion '. Assurance-SocietyV Limited, -Fire "and Accident ' h/fs" complied with all the legal formalities, and will* be ready to issue policies in th» courseof ■ a day or two. This is very, old Company,- for, , it was established in v 1714; "but was only re- ; ' ; cently re-registered; as a limited liability cor:; ; poration. According to'the last pnbliahed'b&l- 1 ance-sheet.,the fire premiums for 1907 amounted, to <62,882,362, and the losses to <61,420,001, while' , the amount of the fire fund at the close of ths ; year;;itotfilled. '- The 5 ;'accid»nt', pr»'-; '•. : miums - Aggregated losestpaid'.to'talled'' <6256, : 119,-and; tho ! 'a'c'ciden't. fnn'd,{at-the, close".of: the year amounted-to <6199,271. ' It'is said that' complete arrangements hare ' been made.,far . 'doing business, throughout, the .Dominion." (BI TELEOBAPH.—SPICIAIi' CORBMPONDZST.) ''' ' , ; v Dunsdin, August 5, . Mr. Gordon J. Reid,' who has occupied the : . position'of Otago manager for. the Commercial: /. Unioir'Assurance Company, in Dunedin for the past'..eleven . years,. - , has . received .rrord of . his promotion .to the.position of..soperriaisj- officer . for 'cietyic ! ;)The'-Society is about,, to .commence , fire ' ahd'accident insurance in;' the" Dominion. : Mr'.'s ■ Eeid/' w-Kb will'.be missed'by-his many friends; here, r «leav'esffor'Wellington at the. ; end of. nei'ti Iweeki'in! order "to-, enter, upon. hisfnetfi-fluties.' . GKOJVTH -OE CO-OPERATI7E SOCIETIES. .figiires were .quoted .'at, the ,'con-. gress;; of : j,the'.iCo-operatiyo Union held-in '.June' 1 at.Neiv^ort.i.Mon'mputlishire,-,indicative of ~tha groKth.ypf.itho : i,m.oveinra '.in';. Great; Britain., In .ill;-^.fl500i',dele'gatcs- ; >-ero present, representing, :Tabbut v 2,500,000 ..members of co-operatifo Booieties'j'r,,nearly all of ■: whom aro 7 heads of families,;-V-It- was ■ that' such repro- ■ * sent, at .'leasts 8,500,000 persons present—2o per .the .British', population—who were. 'fed and i.clothed'ihaihlyi.through the mediumibf tlio. 156G'registered cqfoperativo associations and ■ ■ brandies.;.: ~tb'e. ac-', . . to <C32,055,229';'the loan capital i5_.£9,870,198, and reserve funds total' <C3,856,348'. The turn- . over last year-was >6105,717,699,. and profit's to the extent ■0f';J612,003,341--were"distributed to members. The president, of,- the conference - stated that, having succeeded in the realm of co-operative distribution, they intended to con- , quer in thb; realm pf . co-operative. production. Already ,in - Such; ventures <64,350,935 of capital was-invested,' giving'-employment to" 26,938 workers in the production of commodities at tha rata of .£10,661,418 per "annum. The ideals of • 'this, movement .involve- the production, at the; ' best'wage '.and 'under - the best conditions, of' . - every .article .:which -.the ...societies distribute'/ and,the;president:held;that; this waa:as.ncccssary from the; .health point of , view as 'it* is-ecpnomically. and industrially -sound. The passing: of, the Small Holdings Act. Inst year, renders it-possible to follow the- example ofDenmark,'..'and 'establish a', nation,,of small land owners./ Credit'banks are to be founded, and the' disposal of : th'e produce 'of ,the;:small growers will be'undertaken by the 'co-operativo. societies. In brief, the schemes of these "organisations, as outlined . by;. the -president of the congress,"- -'arer calculated i"to bring ■ nearor to the workers many of the amenities of civilisation of which they have hitherto been deprived. . . . ..

Sales. JC s. d. -

WELLINGTON SHARE LIST

*' Reserve' - £'S Vum ' i'S TRICES. -yieia rAMVANY - * *' '* ■ Capital l'r.i',1 ivr.u ". - ■ to • ■ FaldUp,' Wna. fl«?8h»r». „ quiinr' LaB ' Investor. '■■■• ■ ■■■ TonrirJ. £ =nlr0 - ,g Bnj-er. Sellor. Eale- ' ' ' '-■ BANKS. • ■ £ . : £ ' £ £ £ s. a. £ s. a. '£ s, a." £ b. 3. New Zealand ... r,000,000 504,007 ,i 3}. u ) H 030 0.0 0 311 1 ... National ... .'. ... ' ii75.0p0 . MI,303 »j •' 15' i®. '5 10 s 5 [ .5 5 .0 6 14 3 INSURANCE. ; : . National ... .. ... v . i.., -ICO.COO ,f40,si). .-,j unltd, 15 AJ-J If 0 1 7 6 6 9 1 •■ New.Zealand ... ' fCO.COO ■ i9S,67i n' 8 10 314'0 316 0 315 0 5 0 8 ' .South British..... ... :" ... ... 310,000 int,2i0 ■ i 4i f0- 215.0 . 5 9 1 . ' Standard ... ; 75.00U ; I'l.sts | " oi. • io ■ i*' 2 6 13 9 1.2 9 FINANCIAL. • ',!0.000 -.. CO,7« .. „ 's ]0 10 'o 0 10 3 0 10 3 6 419 0 .,'Metropolitan. Building ... .. ... .'0,742. MM'. io nil "! . . Wellington Invoat.-... ... — .■"ro.nra. A i 6 Oil fi 012 0 Oil 9 5 B 1 Wellington Truct;and Loan ... 301,iffl <WI ,5 5.. S V 7 0 7 8 0 7 8 0 5 ( 3. ■ /■ 'National-Ifortgaso',' ... - !£0,Cifl ; - 3117,748 g . 1 8 . JO .' -.13 (i 3 1 0 3 0 0 613 4 - K.Z..and Bivor Plato .... ' LCO.UCO '' j . .nil,< , 8. 130 G 111 3 111 G 4 811 •' Loan and Mercantilo 1 ■■ 315,133 .A H 5 040 043 0 i 0 1210 0 CAS.:;'.v.. ... • ------ . . '--Auckland..'.:: ... ... ICOwTO , 'WG-3 ( 5 '. nil 16 . 1 Ciiristchurch ..'3450,000 5 - i-nil ■ 10 0 3d G 30 2 6 10 0! 0 5 0 0 I'oiidinr .... .!. ... - 12.000 OK J r.il ... 0 18 0 0 19 0 .019 6 -. Gisborno 1 ...' ... ... ... — 17,JOO 30,565 ] nil .133 2 13- 6 210 0 510 O l£$vwcrs <<<' •••' ■ ••• i'.'-iO 4 . * 5 4 10 : • Jieiv Plymouth*... ... \ ••• •— "■ .5:; n i] ' 30'; - Napier \ " 10" "ml' 15 .. . - . ; . . ... ... (• _4P,S57 £3,184 j 5 15 h : , r.'-i ■ ; .j 9 1 '.' "15 : ; Palmerstoa Kortli ... .£7,000. 33,CM <j J 30, -7,3. 0 7 6 0 6 3 3 .Wellington .... ... ••• !• 121,570 J1.768 10 nil 10 19' 7 6 1 19 12 6 19 7 6 5 3 3 „ „. : v:.;. ... •... < ' • .5 • ■ - 5 10 10 7 6 ' S-' ; Canterbury ... • ■ r2.6S6. 7.} .55 ' 8 8 0 0 :• CUnstehurch ... ... ... - . ]C5,92077,1:42" M nil ' g 10 0 0 . . Goar •■••• •••— .- . I ■■■rorm C6.EC1 1 nil I2j 1 J O 210 0 2 9 0 5 2 0 .yi-,;. '<; - ■■■!-• ■ 4 ' s 123 915 0 10 0 0 ; .. Wellington Heat Erpor. ... ... 5 nil s 612 G „■ „ ••• "o | 105,7^6.,, - / 1 ,47,G50„ , j . t 8 5 g .O , ■ ffanganui . >- r b '' • ' is.eaj-' WilS- jfu ' g - 3 4 '° TRANSPOHT. 1 '■■ ' ■' W'.'.and 3t. Bailway ... ... 170.CM' 121,452' - £ 2 8 0 2 9 0 2 9 0 217 2 N.Z5:Shipping, ....:..«b,t40 -liO,7o(3. , 8 ■ n u . . 5 C 2 6- ■ -0 0 0 6 13 4 ; Union' iiteani_.;'. -- :tCO.CUO "tfcl.alr ' x „ n 9 j ijj s 115 j - 1M 9 503 ,.WBtn v fateam Ferry ... ... ... iti.iW .... j nil, 6 „ .i 017 6 ;: - "-'VcOAL. ?-V:' f.'i ■ L S\tl-. ..Westport .... .L ... 45.0,000 !-?l?7.43i'- -35 15'I "ii? t'fi 10 0 6 12. 0 618 S - 6 7 0 . jr Taupiri' ..... ... . ... ■ .... ... t5,CCu - U- ~ J , 1 , nil 7i, , 01U 0 019 0 714 0 . . WOOLLEM. '• >'■■'; : ' ■ Kaiapoi 'f V/.... ;ica,C00 -12,654 5 ; n ;[ ' Ri ; ; ; ■•.. I . Uo»tiel : fS,457,: 17.21'i 35 lj . '4. ; Weliingtoh'' 12,^iis , ■'■ - ;j 1 .0 : ;3' 6,-.;G> 3 8 0 3 7 0-7 3 3 . . :V; ; MiaSElLAJiGOUS.': 'v : ' : :K::\ . , ■;Do'naghy. Hope 'ttjm ■ 301' "j- D il r . 5 "1 3 '0 1 i 0 f -"- ' 1 " .' Leylana-and O'Brien ;b,COO ■ j.: t7,761 • 1 J„mu; 15,2.3-6 :$ 3 6 7.0 6 , "-J1 auricevillo'.I.ime..., ICS 1 , '■■■■■■ \ . '■ N.Zi-'Oandio.i.'..."!-.;. 1 . -..-if, OK) • t76 10 "' nil' ""S' ' . .N.Z..Drug3. ;^;- v . ;Vjio,o»a'-'VrW« . S . nil, 7 . f ,10 6 211 G .Sll'O 6 3 0 ... N.Z. :.Paper .Mills,.... . 1.M2 1 nil 7-1 3 0 1 3 4} j 3":0 . ,.i 'iN.Z.,'.Cement 'JC.;:'., fl),CM ■ .(-2,048 fr. / „ii - ''l.d' O '' ■' . '■■■ "•"Manning and Co: ... : --..s ; K.eCO.r. 7,070 4 1.. 30 :'.'310 6 3 17 6 ' 316 C .10 9 1 . "Ward .and. , ,>;-, h ..'.. ,;„fO,(0!)„ >.,34,543 • 4, „,,..,i. . ,-jo, .,-417'.'.(i, • 4 15 0 ! 8 8: 5 • < ' r> Wgtn...Opera'Iloiise..:.-. : '..UJtO 1.105 g. ■ nil Hi 7'9 0 0 3 - -' Wgtn.''Fresh J l'ood•"jajiU" . ' l 1 ; '"nil'' '...' 6' ' Whitoombe.and i'emba "'"ii.'tK" to.liu e nil 10 '4 2 6'' • , Bharland,;Ud. ;- u,a3 -,11:124 1 - nil ti ■ 1 0 0 019.« 714 6