COMMERCIAL ITEMS.

Dominion, Volume 4, Issue 939, 5 October 1910, Page 10

COMMERCIAL ITEMS.

.'"■'. INVESTMENT 'SHARES. '"■ f Quite a'number of transactions in investment shares were redorded'. yesterday. Sales were made of Bank of New at £10 65.; Wellington Trust and Loaiv at £7 lte.; Wellington' Woollen, preference, at £2 165.; and .Sharland's ordinary and preference at! 225. There were not many buying and -selling : quotations,.. nevertheless: there is a good demand, for-nearly all classes of Ishaics." Tho,quotations were as under:— ■ ••■■: . Buyers. Seller's. ■■'Salse.' -' •'■ ■ '■,■'-'■ - : - £s.d. '- £ s. d. £ s. d Bank N.Z. 10 5 0 10 7 6 10 6 0 Wellington Trust ,-.''■; and Loan . : i.&'..i:„:'.'- •, — ■":■'■'-.''-. — ." r7 10 ■'. 01 N.Z. Insurance'-...-.'.; 4-0 6' ; -"■—■''■'■ ""' — '-: Standard'lnsurance 1 5 0 -.-'-—■ .'—' Gear' Meat (£-1! ..... 12 0 0 - — - •.'■'_■'. Gear Meat (£1)-:.,.. 3:'o 0 ; ' —' - — Well. jWoollen (pref.) 214 6 2 16 0 2 16 0 Tauplri.'Coal ::.. — ' 1 ,0 6 —':•'■ Wostport Coal — 6 8 6 — Wcstport-Stockton 0 7,0 — ■ — --.'■ Leyland-O'Brien -..,.-■• — ' •." 1 ? '6 '-.'■■— .'': N.Z. Con. Dental .„.■'—• 12 0 : — ' Sharland's ord. :, — - 12 3 . 1 '2 0 Shai'land's pref.:'..„:— ". 1 2 3 ■ 1 2 ! 0 2.3 0 2 5 0 ■ "'— : j '..:: ALL : BED . GABLE'- RESULTS. .-';. - Slightly better ■■ results than those for 1908-9 are shown in the.report of the Paoific.Cable .Board.for. the year, ended- Maroh 31 last.:- Traffic receipts-;amounted '„to £115,700,'.fr0m which; has to bo deducted. Atlantic.,Coinpanies':.charges,- amounting to £4,200, so that the: new total .was £1U;500, or an increase of' £400. . The improvement: would have been' £2600,' bu- for delay in -crediting £2200, due to the board from the Governments -of Australia,, and New Zealand..: This is not a very, rapid -rate' of progress; but the-steps, which :are 'being/ taken: to prevent. the, delay and interruptions which have, frequently; occurred . on. tho -Canadian,' land , lines - may: serve' to bring the AH Bed roiitc into public favour/ Expenditure decreased by,£27Co, and afterallowing ; £30,000 for. -renewal. fund,: the. excess of over expenditure amounted to £18,000. This sum is available for re-' ,duction,'.:6f.: the amount of £77;500 contri- ! buted .annually by tho various Governments associated in the enterprise ..for interest and -sinking fund bn'the capital' advanced .!.•'by tho 'National .Debt Commissioners;'and;is,'£l3oo more than in.the previous year.;:- v' ! ■"■'"'■-• ■•''- :' ! '■''■■' -..'■'-:-' ; " : -' ; ,V : '''' //NEW/ZEALAND SHIPPING/COMPANY.;/ i,The.local agents' of. the New Zealand Shipping Company -contradict the cabled statement • regarding. the company's - bal-ance-sheet,- where it.appears to show a pro--fit. for- the year : of £69,000.:. This "should■ read £56,000, as £13,000 .was. carried forward; from.': last; year, j ',;. ....-;..;-.;.,-;; /<; .£■][_ HANCqCK-^AND/CO. /(N.Z.);' '■'.';;:/-';; <■ The/report bf. Hancock'-"and. Co.: (Now. Zealand),; Ltd., for the year .ended March 31, : 1910, states.that the' l profit for, the year', after for-all.managenicnt, 'work-' ing expenses,..and income tax, amounted to. £23,428. To this.'.has to-be added'-'the' amount brought"forward; '£8197,' together;

£31,625. From this have to bo deducted:— Dobenturo interest, £7150; depreciation of leaseholds, plant- and machinery, casks, etc., £3398. ' The" directors propose to pay a, dividend on the ordinary shares of ,7 per cent, for the year, to' place to general reservo £5000, and to carry forward £6327. ' NOTES. ; In six.years dn'ring the'paßt twenty, Australasia has been the world's greatest producer of gold. .Those years, were 1892, 1894, 1899, 1902-3-4. Since 1904 South' Africa has distanced all • producers, and tho United States ha-s taken second place, with a, conaidorablo 1 lead from Australasia. However; there'is consolation in-tho"'fact that wool and wheat "have' far more than made good tho difference to us. --.'■'■ It has taken Queensland nineteen years to' top tho number-of births-which' were re-' corded-in that State in 1890. The number then recorded was 15,407, and last year for, tho first time since :1890,- the births exceeded 15,000, tho actual.figure being 15,554. But owing to the' ino'rease in. the population the birth-rate was only 27.24 per 10C0, against .37.15 in 1890. . However, the marriago rate in .Queensland' last wear was the.highest since ; 1888. - .The: total loss- by. insurance occasioned by the disastrous flreatthe Brussels' Exhibition was estimated at £2,000,000,-.Lloyd's boing involved.-to the . extent.-of . about £250,000. ■' ; ; - ■ .-,.,. , .-". :. Customs revenue collected at the port of -Wellington yesterday amounted to £2957 6s. -'. WHEAT-AV\D FLOUR. ;By Telegraph—Press Association—Copyright/ .!* r; ",":;-;!":;'-.;-'• '~s;'v:;L6ntion,:;6ctbber! 3; ■ The, total quantity-of wheat .'afloat for the United. Kingdom -is 2,165,000 quarters, -and', for the Continent 2,685,000 -quarters. Atlantic shipments, 125,000 quarters.: The total, shipments to Europe during the week amounted to 1;675,000 quarters, including .69,000 quarters from Argentina, 785,000 quarters" from' Russia,. 294,000 quarters from the Dariubian provinces, 162,000 quarters from India,, and ■ 87,000-from' Australasia. ... -"■ : w":/ -/'-/ : '.■■//• 'SILVER.:- -:/3 Bar silver iB quoted; at 24Jd.. per ounce.'/ :,//. LONDON WOOL; SALES. . ;,.'/--' ,By/Telegraph—Pr'pss'Associatiori—Copyright;'. .'/■ '■'."' ■ "'i. : -. ../.; London, October 3. '.■ At thewool sales-there was a brisk sale. for all :gbod sorts,, but many- withdrawals' of.shabby and second-hand lots.'.':.. _..-. .'-.■■;,-.. ' Messrs.. Murray, Roberts, and Co., Ltd.,'. have recei red the following cable mossage from their London friends, Messrs. Sandcr--son, - Murray - and, Co., the cur-' rent London wool 6ales,;under, date October 3:; "The:market is weaker for merino wools, with the exception of the best. descriptions. .'Faulty- and .inferior scoured:, merino, the market' is .weak and- irregular. l , Crossbrods' have declined-, live per cent.",-;' ,/ ' LONDON'MINIkG-QUOTATIONS. ! v/| /By, Telegraph—Pr'essAssooiation—Copyright,/ ".''.: • .-■■'•.-'• London! October, 3/M 1 ■ Waihi shares-are quoted'. ; at £6 Bs.'-9d. to/ £6 1i5.,3d.; Grand Junction,;£l 16s.' 3d. to 1 ii'vißsivSii^'^r.v^W'/r^t^r;';.':'^-^;;;:!/-;;.-^;.? ;.'•'..,',;. TRADE,IS ALLEN STREET./, ..„:.:".' '. Cheese.—The; new; season's make is now coming on.the market,, and the quality:is giving every, satisfaction. ,;''••- ' ~-i : Butter—Supplies, of prime bulk butter: are/oh tho lightiside, and the market.con--tinues firm at'lOAd. to lid. per lb. V'.Eggs.—Fresh eggs, continue, to ruleatMs. per dozen, 'and pastrycooks -are now operating, freely;;-,;.' ; .',; .';■'■':■'". ~. -.-' Hams and Baeon.rTFairly..heavy : -Eales''of hams.aro being made for forward .delivery for the ■ Christmas. trade, the', price ruling being 9d.' per lb. Satisfactory 'sales, of, ■sides; of bacon,are also roported. v •' ;-. : Fungus.—Good dry is, wanted at 5Jd. per,lb; ..-.'"• •- -" '-,:' - ~: ."■ ■' ':-,'•■';:•-■ ' ; .Rolled Oats.f-Fair business .passing, -.with4's selling, at Bs.-por dozen.' ~','."; '','/-

Potatoes.—About 2200 bags caino forward by tho Mooraki last week from Melbourne, and were quitted at satisfactory rates, the bulk passing., into consumers' hands direct from the ivharf. Onions.—Victorian brown Spanish aro meeting with fair business at £7 to £7- 10s. per ton.' Vegetables.—Hothouse-grown cucumbers and tomatoes from the Hutt district aro now coming on the market, and tomatoes realised 2s. per lb. at auction. For cauliflowers prices continue firm and consign-, mont-s arc recommended. ■ Spring cabbages are colling well,.and :up to Bs. 6d. .per-sack has'been obtained. A-good-demand, exists for.. leeks, parsnips and. table ■■ carrots, other sorts .arc without any change. Fruit—The Mokoia,' direct from the Cook Islands, is due here on Friday, .carrying further supplies'of. oranges-and bananas, and if tho fruit arrives in good condition an excellent market,is assured. .Only a •light shipment of' about 1000 packages is expected by tho Sydney boat arriving today. -For Hobart apples-- the market has advanced considerably; choice Sturmers' realising up to 10s. 3d., and choice Eussets up to lis.; 3d. Cooking varieties aro without change owing no doubt to the plentiful supply/of, rhubarb. . '' /.', CANTERBURY 'GKAIN MAEKETV ■, (By Telegraph.^Press: Association.).;.'. Christchurch, October 4. , The. local wheat niarkbt- is. decidedly 1 weaker, and shippers are now giving hot; more than' 3s. at country stations. / Even at- this price they say that there is",no' margin of profit on- present London values.' Very, little wheat is changing hands, as. shippers have now nearly all', they 'require, and millers are only taking odd, lots where-, quality, and price are -satis-' factory. There ■is ~a, firmer .tone' in / the. oats market, in consequence of-the. dry -weather, : and - some farmers ■ are feeding.: oats to. their sheep, .as feed, is-'.so scarce. The dry weather is also affecting, the seed-' trade, as the .'soil i6-now too dry for, sow-. 'ing,operations.-..'■ '. : ;,.'■:•'. ■ .- ''