COMMERCIAL ITEMS.

Dominion, Volume 3, Issue 910, 1 September 1910, Page 8

COMMERCIAL ITEMS.

. ....,;,'...INVESTMENT SHARES. -~ . National Daiik shares changed hands a,t £5.165., and there were sales of. Meat Espdrt'(£4' paid)" , at £5 5a., and £2 12s. 6d, paid, at £3 ss. The (iiiotations svere as under:—,, . . ■. . : . , • ■ ," ■ . i ■.'".' Buyers. Scllere. Sales. £ s. d . dj s. ii. £ b. d Bank■■ of''N.Z.■".„:;. W i> 0.10 7 6 -' National' Bank ...... — ■•: — . 5 16 ■ 0 Equitable- Building 9 12 6 —' - •Metropolitan 11 17 6 - - . N.K. Loin and ;Mer- ■ cantile' '......'........ — 010 6 — N.Z.' and Hiver ■ ■; .' ■'. Plate; ~•...;:-..;;....;...:..- ■-— 2 10 — uWellington Deposit- — ' 0 8 9 — .■ Napier Gas (£10) ... — 24 5 0 — ■ Wellington Gas (£10) 18 '5 0 - '. i • Wcllinetcn Gaa (£6 ■ '. 155.) .13 12 6 - -'■ Wellingtou Gas (rio\y issue) , .'. — 2 10 0 — • Ohristclmrch lleat — 14 7 6 ' — Gear Heat (£4) ... 10 5 0 - —' Ge:ir Went (£1) .;-...-.- 215 0 - - ; Meat Export (£4).... •'.— ■ . 5 5 6 5 5 0 .Ment'i;xport.(JS2l2s; -. . 6d.) ; - 3 50 3 5-0 N.Z. Shipping 9 17 6 10 0 0 - .- tlnion Steam 116 0- — — Well. Woollen, (ord.) 3 12 6 - - Taupiri Coal ......... - 10 6 - Westport Coal - 6 11 0 — Jjeyland-O'lirien ... 1 7 3 1 8 0 — N.Z. Con. Dental... - '12 6 - N.Z. Pajisr. Mills ... 1 2 6 .-- — Sharland's ord - 1.2-6 . - Kliarland's'-'prct. ... :1 1 9 —"■'—. TfU'iiigo-iiiulu ToUira 112 6 — "■ — ■yfard, ana Co - 5. 5 Jl —

Tho courso o£ salea during the part month was as undar:— ■-, National Bank, £5 175., £5 16s.' N.Z. and Kivcr Plate, £2 os. 9d. Feildiiig Gas, £1 Is. 9d. ■ WolliiiEton Gas, now issue, £2 7e. 6d. .prom. " . • N.Z. Insurance, £4. , . Gear Jfeat (£1), £2 14s. 6d. . Meat Export (£4), £5 55., £5 ss. Meat Export (£2 12s.- 6d.), £3 7s. 6d., £3 : Ba.' 9d., £3 55., £3 5a., £3 55., £3 ss. N.Z. Shipping, £9 17s. 6d. '■Wellington Woollen, ord., £3 6s; 6d., £3 10a., £3 12s. 6d . ... Wellington Woollen, pref., £2 125., £2 12s. 6d., £2 12s. 6d. ' . Taupiri. Coal, £1 os. 3d. , • Westport Coal; £6 14s. 3d. - Leyland-O'Brien, £1 7s. Manning and 00., £4. Mark's Turbine, £2 10s. N.Z. Paper Mills. £1 2s. 6d. ..: Sharland's, preference, £1 2s. 6d. - Taringamatu Totara, £1 10s.. £1 12fl. 6d. -IVard/and Co., £5 2s. sd. . " "'NEW ZEALAND FAEMEES' CO- ■■ OPERATIVI!., Tho balancc-slieet of tho New Zealand Farmers' - Co-operative . Association of Canterbury, -litd.; for the' year ended July, 31 last is to hand. The ne£t profits for the year amounted to £38,366 4s. Id., to which has to be added the sum of £2357 14s. 9d. brought forward from the - previous year, making 'an available total of '£40J23 18s. 10d. Besides tho dividend, bonuses and refunds, the directors .proposed to add £5000 to the Reserve Fund, which will then stand at £68,400, to write 10'. per, cent, off machinery, office furniture, , . warehouse fittings, etc., to -writo- £200. off-Oxford' goodwill account, and £250 off. amalgamation expenses. Analysing the figures of the balance-sheet, it is found that tho gross profits for the year totalled £94,801 ,10s: Id., as against £84,091 7s. Id. in tho previous year, the increase being £10,710 3s:, and this increase is due to expansion in commission discount, exchanges and interest, and,to grain anoVwool store earnings and-transfer foes. The gross- profit on merchandise- is- less than it was a year ago, and it is apparent that more; attention is beinß Riven to the' grain and produce side of the business than to the merchandise. This-will be seen by. comparing tho stock of merchandise and the advances against-stock, grain and produce . shipped for ' tho past three years. Tho figures are. as. under:—';.': -.-._., : ■. .'"■':'',,'■■."' v'■..'■!'.-."" :S 'i'Goods.'-V.' . A'dvaiice's.'

'.-' - ■.-:.-'.■■'■•■ .■■[■' £ , ..'■■• ' ; ■': £■' ■■' 1908 ......:..;...;.;..!.. 176,165 .'.' 157,444 1909-.., 1.;;,.. 157,394-' .'219,504:,. 1910 .;........;........... 151,630 .-■".' 238,110 . Thus, , 'while'the "merchandise in store has been allowed to fall £24,535 in the past two years, the advances have increased in the 6ame' period by £80,666. Tho .commissions earned ,:show an'expansion of £9441. ■; The expenses -keep mounting up and have grown from £48,978 in 19C8 to £54,469. in the pastyeiir. .- 1 The association appears to be doing a large banking business, for the amounts, of the deposits fixed- for ,twelvo : months and five years' aggregate £183,901, while the amount at credit of shareholders' current accounts- is - £124,938. :■ The -immediately available asset* against. this, liability is a! crodt balance at the bank of £62,231. The capital of. the company has. increased from £113,389 on July 31, 1908, to £227,721 on July; 31 last. The paid-up capital has been more than doubled in two years, while the net profits .have increased ' from. £32.146 to •£38,366 'during -the , same -period,-, the -• in-, crease of £6220 .being less than 20 per cent.

The. net Customs duties collected- sit , the port of .'Wellington for the • month ol August, '1910,-amounted t0'£83,289 12b. 4d., the:beer duty being-£1093175.. 3d. , For the corresponding , month last. year; the figures were:—Customs duties, £62,482 Is. 2d., and beer duty, £852 10s. Bd., an increase of £20,807 lls. 2d.,and £241 65.;, 7d. respectively. Eovcriuo collected. yesterday amounted to £1660 16s. Id. ~ ,'•;, ■'■■■•■; . : :. ■:,-.: ■•'■ j : ■';■ ;' ,OIJST.OJIIS; V -.. : ; ' .; . . (By : Telegraph.—Press Association.) . ■•': .:.'••" . . :, Auckland,"August.3l.' , ■ " Customs returns -for Auckland for Aubust total £76,853, as against £48,441 for the .sumo month last' year. The surtax- collected last month was £1720, ■ and beer duty£lßßo, as. against -£1810,-for August.'.-19G9. The exports for last month amounted, to '£240,235, us- compared' with £151>153. for 'August,'. 1909. Of the' large'increase £89,082), gold! and silver' account : for ,£29,274, 'kauri gum'for £37,175,' beef for £4211, hides for £4999, tallow for £2777, and skins for £2034. Last month's gold export'was -valued at ' £83,156, •- and tho silver exported at £20,259. -~- WOOI/', , HIDE, AND TALLOW,SALE.V .Exporting . from Stratford, Mr. Newton King states:—At my" hide, sale,' this week the catalogue" comprised 18 .bales and .120 sacks "wool, ■ 3225 sheepskins, 2 casks and 80 tins.of tallow; .1358 hides,!and 3213 calfskins. There was a-good attendance-of buyers,,. and. competition, ,was very keen throughout. .: Crutchings; in -bales, 65d., 5?. d., 63d., ; to 6d.; fleece,■ 7d..- to -Hi.;- lambs, 7Jd. Sheepskins: Butcliers, dry, to'BJd.; damp, butchers/to 10s. Id.; tallow, to 275.. 3d. .per o,wt.; yearlings, sound,-6Jd. to 83d.; 'cow, ''farmers; ;t6'is3a'.;'-;but6hers, : .to' 6Jd.> oil t0"83d.; stags; sid.; calfßkins, to IOJd. per lb. -'.■..■ .. ■ ;.: / /■;.':.- .;' ... ,' ' -

'■■.■,'■■;■ WOELD'S"WHEAT SUPPLT. ; ' : By Telegr'apii—Press AoSociatiori-'Oopyright.' J ; v ■,'-.■!■■■'.(ileoi..'Aug.';3l,:-9 'p.m.) : :■" '■■ : ■,- : -'■■■''■ ' ■■ ■ . 'i Chicago, August 31.:" i ■ It is estimated that tho world's available wheat eupply. amounts t0 , 51 million bushels more than last year.". "\ , /, There is mμch selling on the bull market, while the cash market i 3 weak. ~. i !