COMMERCIAL ITEMS.

Dominion, Volume 3, Issue 717, 17 January 1910, Page 8

COMMERCIAL ITEMS.

:■■■■ -'■-,INVESTMENT SHARES. ■]■■'■'. No transactions were;. recorded on Saturday-.' and tho ' quotations woro as follow,:—Rational ..Bank,- buyers £5- 176.- 6d. cum rights; Bank o£ Now Zealand,buyers £9 85... sellers £9 12s.;.Equitable Building, buyers' £9.55.; Wellington Trust and Loan, buyere .£7'.45.; Wellington.. Investment, sellers Us. 3d.; New Zealand Loan and' Mercantile; buyers 35.; New Zealand and Jtivcr Plate,. so'lors £1 15s. 6d.; Oliristchnrch Gaa, buyers £0 15s.'; Napier Oac, buyers £12 55.; Wellington Gas. £10 paid, Boilers £1B 2s. 6d., £6 15s. paid,'rollers'£l4 ss.,;.National Insurance, buyers £1 7s. 3d.: South British Insurance' buyers £S 145., sellers .£2 155.; New: Zealand Shippinr. buyers £7 10s.:- Wellington Woollen, sellers £3 45.; Itikiirangi Ooal, buyers 20a.. Bollors 225. 6d.; Taupiri Coal, sellers 18s. 9d.; Westport Oo'al, buyers £6 4s.', sellers £6 6s.'; Westport-Stookton. Edlers 7s. 3d.; Leyland-O'Brien Timber, buyers £1 3s. 6d.; Manning and' Co.. buyers £3 18s.. sellers £4; New Zealand Drug, buyers £2 6.?. 6d.; Now Zealand. Portland-Cement, buyer 3 £1 17s. 3d.; .-Saarland's ordinary, .sellers 215.; Wellington Opera House, sellers £7 17s. 6d.

EQUiTABLE BTJILIiING AND INTEST- ,.• \. . MENT'COJIPANY.' ■, . The report to bo presented at tho annual meeting of shareholders of tho Equitablo Buildinu and Investment Company (Wellington), to be .held at the Ohamber of Oommorco -on February 2, states that the.'profit and loss account shows .a credit 0£'£9749 9s: Ud.. An interim dividend of five per oent. has been piaid, and £2500' has been carried to reserve fund, Icavinc a balance of £4505 2s. sd. to.bo dealt with. . The directors recommend a further dividend of five ,per cent.* absorbing £2944 16s. 9d.. carrying forward a.balance of £1560 3s/Bd. Messrs. Boauchamp, Dean, and, Kebbell aro the retirinc directors, and; being eligible, offer themselves for . > I. _'•; ) [ .': PENDING WOOL SALES." ' .: .The'.first-of, tho 'series of London wool i site's .-for the current year -vyill commence to-morrow, when ■ the .catalogues to be submitted will total 1 about 180,000 bales. Comparing .the-.figures with the-January sales of three years we cet the followinc:— -.:■■!■;' -v'-.-i.'--. 1)-,'' 1908. ; 1909. ■',' :1910. ;;i*. "■■;■'■-. h '.Bale's. , .-.--Boles;-..'■'Bales'.' New.-arrivals '....,.. 354.C00: ' 347.0C0 : <06,C00 Forwarded . direct 381,000 ' 157,000'- 229.C00 Available . -...../..'...:' :157,M0 : 201.000.. 160.M0 The' Quantity available . in.!- each case ■■ includes the carry-over from;the previous sale.- Tho catalogues ■ -forv to-morrow's ealo are smaller than in the t>7o previous years,, on the other hand-the nuantity. forwarded direot is ' much: larger. The market - is/ really in' possession of' moro woqrthan in 1909-or 1903. .There is every indication, that, prices will advance,, arid this :applies more, particularly .to crossbred descriptions, which are still relatively choaper than merino. ,r At' tho> Antwerp sales last week crossbreds were subjected to strong competition : and • registered an advance of 20 per cent. This proves that Contiiiontal - -markets' want the staple, while if wo look to .Bradford we.find uccording to the commercial cables'. published; on. Saturday that tops made from crossbreeds eliow a liardcninc tendency, while • merino :is quieter..'. The-, market .to-morrow , should receive stronc support, ■ffom Yorkshire'operators, and-.', it will ..be surprising.af crossbreds do not. see an advance of 7i to 10 ; per'cent/ ..-■;•-.. •In the "Economist".of November 27,, the Leeds ' correspondent ' of•■. that iournal' ■writes-.—"The textile-industry of the West Eidinpr continues to flourish, and to'find' a' mill at all slack "is .a great exception, ■lido kno\y.-one ortwo in the- ITuddors-; field 'district- , which arc-only auiet.- but' this .is mainly because tho firms in ouee.Won.'are. asking ; extravagant < prices. Tho bulk of itho. mills;".".both, .woollen 1 ' and worsted,' are almost, as : busy as they can be; there is no dearth of orders, onrt the- majority" are 'well supplied -for, tho next six months. I heard the manager of ;one mill say: only last week that 'they :had 11,000 pieces on their books to-day and ■ were-sick■ of -seeing .the , postman.' Which way-:to; turn : to oblige all their customers -was:-their , most - difficult nroblem,, and they' hod .commanded : all the' .commission: spinning and weaving thov could lay their hands upon. In Bradford ■simmers aro being/hard nut to it to cope with with . the, particulars. they have 'to hand, .and there aro ■ complaints abaut the lateness of deliveries. Plenty-of firms I coum name-'havoCpiirticulars on thoir books of runninir contracts which will servo them the next: four months, and it is■ an exception if • a firm/will' undirta'se delivery under;...tea to ■'twelve weeks. Neither is the trade ono sided, for both in the merino and. crossbred departments' there is -the', same (degree, .'of ,'activity. There -is perhaps hardly that prcssuro among crossbred; spinners. , that 'thero is among those handling flpe tops, but' in neither, case .'is .tliftre :^mnch..'to ' cbmrilain' about, for macTiine'ry" is being .'easily run. lesterday several- 'spinners -advanced' their quotations in sympathy, with the Msher prices demanded for .'tops, but this was more by-way of self-protection than any serious attempt at business. In the weavthe, same marked ■•'deerc'e. of.briskness obtains, and instead of,looma standing through want of warps, weavers aro-,being .advertised;for. bj many' firms "

■'V;'!' '?- 'VMOUSTOMS :'SBVENTJEr:; "■ ':r-',r ■ ,oustbm3 : revenue collected at. Wellington' on' Saturday amounted to. £940 Bs. 2d The total for, .the week was £17,697 Hs. 6d £«14 4s at 2d tOtalled; £315 " S " ?nd BUrta * ■ :.:i'COLONIAIj-iND' OTHER : PRODUCE. ;.", By.Teiekrapli-r-PrcßS Association—Copyrich'L ! ; / 7'...;'i'.(Reo.^<rahuary',l6,:i:s ; .piin.)'il l .- , '■■t ■'4i ''-'■».■■■'■' '.' ■'■"■.London,'January/IS.-', v ■■• Hemp—The. market,; is "dull. JanuaryMarch; shipments are quoted at £27 per ton c.i.f. ~.'■•, -, : . v - : ■■ ■■-■■■■■, '■ Oopra is slow of 8a1e... South Sea,'in bags, . £24 2s. 6d. ; per ton; ■■■.-.; .'■. I Cotton,'middling:upland is ' quoted ,at 7.6Jd., as compared .with 8.060. on January 1.9,; and 8.29 d- on January' 2; ■ ''' . ■'■' I.: : :,:', THE'HETAi-JCAEKETS;."' :: '. Copper,, on' spot',' £61 per ton; 1 threo months,.-£62.38.9d. ■.■..-■:. .'■• ; . ..•.:,• V Tin is. irregular,' ovring to ; uncertainty I'rcgarding Straits supplies.- On spot, £147 10s; per ton; Hires.:months, £149. .'Lead, soft .foreign, £13 15a. per: ton.' ' :•; ■'Silver.—Bar silver is,, quoted vat 24. 3-16 d. per, ounce standard. .. '■■■ '.•..■. .•..-.' ,-...: . ;: :;. .'.'; THE.IKDIAN'LOAN-:,,;.:-,•: :■' 'By .Tclegraph-rPresis Association—Copyrißfit. ■■■?'■ ,' J ■.' .'(H'ec'.'v Jonuary; 16, 5.5. p.m.) ,''-;. . ';. _ ■'. •'"': : . .:.. .'• '■'''■■ "Loniion, Jann'ary,V.ls. , The, underwriters'of-, the Indian loan , receive about halfi the. issue. , -.V '•." - ,[The' loan t referred: to was' announced a wcoki ago as ono. for., seven aad a- hair af 3J per cent., ,to,bo .issued at a,.minimum-, of. :£96 '.IDs., per .cent. ;'Tho underwriters',. received one-per cent. ; commission.] ■.;.■-'(.•.'•;'.•.•'.-..■_■■.•:.■;::;..■"■. •■■''.:•■.■'■ ■ ■}■ .;;';AjroTnEE;bANApiAN!LOAir. £J : ViiL.,-MOSTLY. FOE ; COIfYEHSION.' : , ; ; • By Telegraph-Prcss Assqc'iition r Copyrieht. ."■'<:■■ ■ (Eec. January 16,' ,5.5 'pirn.) , '■■•■ ■ . ■;"" :'■' ■'■■''■'.' •..'" .Ottawa, January-15. , issuing a. four, million- 32 per cent, loan af the minimum price of £99 per cent. The loan.is. to be mostly used for ppnversion purposes.-.'.. ■.[Canada borrowed freely- in the London market last year. ..The total obtained by Qovernmont, ■ .municipalities, and private ventures . acereKated £26,814,000.] .. ■ ■• ;.:-. '.: " , -, ,FKpZEN : MEAT;,, . .V . ' ■Tho'.'Now Zealand , Loan and Mercantile Agency. Company,' Ltd:, .Have received the following, cablegram, from their- London house, under date : January 14:—"Froseri moat:... Mutton ma'rliet-stcady;.Lamb cradually improving. '. Beef \ firmer." ■■; ■ ■',