COMMERCIAL.

Dominion, Volume 2, Issue 597, 27 August 1909, Page 8

COMMERCIAL.

INVESTMENT SIIARK3. Thore were no transactions in investment shares yesterday, and .tho market remains quiet. Bank of New Zealand, buyers £9 4s. 6d. i .National Bank, buyers £5 9b.; National Insurance, buyers £1 Bs. 6d.; South British Insur. ■ance, buyers £2 125., seller's £2 145.; Standard Insiiranco, buyers £1 3s. 3d.: Wellington Investment. sellers lis. 9d.; Wellington Trust and Loan, Boilers £7 2s. 6d.; National Mortgage, sellers £3; New Zealand and Elver I'lute, buyers £1 14s. 6d/, sellers £1' 15s. 6d.) Christchurch Gas, buyers £9 55.; Feilding Gas. buyers ZDs. 9d.; Gisboruo Gas, sellers £2 125.; Palmerston ■ North Gas, sellers £7 15b.; Chrlstchurch Mont', buyers £10 10s.; New Zonland Shipping, buyors £7; Union Steam, sellers £1 14s. 3d.; Westport Coal, sellers £6 145.; Westport-Stoclt-ton, sellers 7s. 3d'.; Wellington Woollen, huyors £2 2s. 6d., sellers £3; Leyland-O'Brien Timbor, buyers £1 Ib. 9d„ sellers £1 2s. 3d.; Taranalii Petroleum, buyers 105..; Sharland's. ordinary, Boilers £1 Os. 9d., proleronco, sellers £1 Is. 3d,

WELLINGTON WOOLLEN COMPANY. Tho balance-sheet of the Wellington Woollen Company for the year onded July; 31 was, circulated yesterday. Tho cross profits for tho year amounted to £18,194 12s. 3d., and a sum of £58 6s. 6d. was received as rent; and transfer feos, making tho total receipts-£18,252 18s. 9d. Tho expenses. Including maintenance, bad debts' provision, directors' and .auditors' feos, etc.; amounted to £12,026 15s. 2d., equal to nearly 65 per cent, of tho incomo, and lcavini? a balance of £5226 3s. ,?d., out, of which £1000 has been allowed for doptccifition of plant, and ££226 3s.'ld. carriol to appropriation account. The amount -brought forward from tho provlouß year was '£6105 153.,' so 1 that £11,331 IBs. 7d.'is availablo for appropriation. Tho dividend for iho year at tho rato of 6 per cent, .on, tho paid-up capital absorbs £6114 15s. 7d„ and, as a precautionary measure, after deducting' the customary discounts, £2000 has been written off the warehouse .stock, leaving £3217-, 3s. to. bo carried, forward. In their report,-tho directors say:-"The depression .in; ' business generally, throughout the Dominion, during the period \rader : review , has ma()o it difficult to at all times maintain'a fair margin of profit, so that' the result .as shown should, tinder.the clrcuin-. stances, be considered satisfactory. The plant has been maintained in its usual efficient state, out of profits, and its producing powor increased by additions amounting, to £2093 Is. 10d.", . •' ■■■ ' ' t: ' "' : Onstoms revenue collected at Wellington yesterday amounted ot £1432 15s. sd. •. : • '. PEICES OP IIKTAIjf. ' (By Telesranh.-Press Association.—OoDfrlffhtl . ' (Eec. August 26;-10.30 p.m.) . London, August 26. ■ Copper—On the spot, £59 lOs/j three months, £59..155. per ton. ; . :■ '■Tin—On the .- spot,' £137 .12s. 6d.; threo' months, £138 sa: per ton. ' /.>: ~. v ■; i •../ . Lead, £12 10s. per ton. , ,' . ... ' WHEAT MARKET: (By Teleprapb.—Press - AMoelftL!on.—Cot>yrieht 1 '(Eec. 'August;-26,- 10.30, p.m.) . :■■■[,] London, Augnst 26. 'The American „ visible supply .o£ ' wheat is •16,728.000 bushels. ... : SILVER. •' . .. .. -^V'; (By Telegraph.—Press Assor.lalton.-OonTrfeht.l . ■ • London, August 25. . . .Bar silver is quoted .at 23 .5-16 d.-. per ounce, standard.

TALLOW AUCTIONS. ' (Bjj Telegraph.—l'reis Aflßurlnllnn.—Onprrlrhl l , ■ • ■ C London, August 25; ••.•.[At the' tallow 'auctions; 947. casks/were:offered and 909 sold. Prices for good mutton'-were unchanged;'.the. rest .advanced Sd.' per . cwt. l KAIAPOI WOOLLEN COMPANY. tliy Telegraph.-Pr<>M An«nrlatlon 1 ' ■ ' ■ Chrlstchurch. Aumist 26. '. At tho annual; raeetinp of the KaiapiSi-- Woollen Company, held ,to-day,' the directors' : report recommended' a, dividend of 7 per ccnt.i on ordinary shares, ;and 6J on preference i shares, after ;making : provision. for'.depreciation £4C". ; ' repairs; £2241." and .reserve £1500. ; After providing; for dividend, «tc.; the- profit'' and'loss account sßowbd a balance of. £841 7s. Id., which the directors recommended shonld .be carrird forward to the ; new. account. The. report was adopted. 'I:.' . : THE 0. 0. AND' D. COMPANY! . " (By ' Telecraph.—Proni" AM„niation) ■ ■ ■ * ■' : Napier', August 26. The : Colonial, Consignment' and; Distribntinff 1 Company, London, • to-day cabled the) following report, to tho frozen meat-, market-.—/'The mut- 1 :ton (market- is a little-firmer, but second quality lamli has further declined ».in ■ value,. and; lower priced must bo expected ; until stocks are reduced. ' To-d.iv's .prices Canterbury. JSfl.i Napier. .Wellineton, J . and, ■'North.v*'lsland,' 23d.: lamb: first f|uality,.',33d.ii'second,' 3d.; beef, hinds, 32d.; fores, 2Jd.-,... ;