COMMERCIAL ITEMS.

Dominion, Volume 4, Issue 1034, 25 January 1911, Page 10

COMMERCIAL ITEMS.

1 INVESTMENT" SHAKES. -A"'sale of New Zealand Portland Cement. snarQ3 at 365. 6d. was the only transaction in investment shares recorded yesterday. The quotations were as uuder:— i. • Buyers Sellers. < ' ■ ■ -£s. d. '£ s.' d Bank K.Z. 10 1Z 6 10 15 0 . National Bank :.... 5 15 0 — Equitable Building.; 915 0 . — Wellington Investment 011 6 Well. Trust and Loan .... 7 15 0 7 16 0 Wellington Deposit —• . 08 0 QhHgtchnrch'' Gas 9 17 6 — leilding Gas 119 — Qisborns Gas 2 19 U ' — Wellington Gas (£10) ...... 19 2 0 ' ' ■ — Wellington Gas (£6 155.) . 1315 o■. - Gear Meat -(£1) 3 ' 2. 0 ■ Kaiapoi Woollen i .6. 1 6 — Wellington Woollen (ord.) 3 15 6 317 6 Well. -Woollen (pre!.)' ...V. 215 0 ' - Taupiri Coal '...' : 1 0 6 ■ • — , Weitport Coal 74 0 .... — Leylond-O'Hrisn 17 0 — Manning and Co. ... — ' 412 6 Miramar, Ltd.,. — .0 2 '6 N.Z. Con; Dental .. .... 12 6 — • N.Z. Paper Mills .1 3.0 - t Sh'arland's ordinary ....... 1 19 : — Bharland's preference 1 1- 9 ' Tarapaki Petroleum 0 11 0 — Whitcombe and' Tombs... — S 7 0 v' N.Z. LOAN AND MERCANTILE. •- ..The question of reorganising the capital account of the .New Zealand... ;Loan and Mercantile Agency Company, Limited,, ivas disc.ussod at some, length, at the annual, mooting of the, shareholders, held in' London an; Dccembor. B...'At the present time there are'27o,C72''shares of £9"eaoh on the register,- upon--.wliich oply. 10p. por.share lias been' paid up, and' the; desire, of. the. holders: i 3 to'sec the, uncalled liability of' £S 10s. porOshare reduced in some' way. : ''The chairman {Mr. W. O/, Dawes) that the;'ciucstion 1 of reorganisation,; of the company's capital had been gone into, by the b.oard during the year. Thcro were so -many" different interests to consider that the; whole subject \vas . found tp .be lieset with difficulties. ' Still, as the board desired'to 'And a solution, the; directors might docide to talio". iiito' : their counsel a small committee of'some .of . the principal' third debenture stockholders. . I During- tl(e coiirsc of the discussion that ensued,, shareholders expressed 1 the'.view"' that as reserves had of lato- sostrengthened, ,<the board - should, in.-': any reorganisation, seek to roduco the 'liabiW ity of £8 lCs.-on ..the'ordinary shares of £9 cach., i'i* One proposal was that , the first two! is-; sues of debenture, stock' should-'be', f.ustd'j and that tho interest,of the.-th.irddeb'cn-', tnro stock and the shareholders Ghould' bo amalgamated in some way. "The Claim of the .third debenture stockholders to consideration is in the fact that tlioy had about 60 per cent, of their capital prac-. tically written off.. Eventually the.meating.appoared to acrce'that the 1 first .stop that must be taken must be. to come to terms With the third ' debenture stockholders. The board, by in-' creasing, the dividend, and so .raising the rate of-interest pn that stock, has made negotiations more difficult. Directors,' accordingly, were urged to retain profits in hand until, they could come to terms with the third debenturo stockholders! ' ?...

NEW ZEALAND EXPORTS.' ' Tho Rvalues of tho principal products passed through tho Customs for exports from January 1 to 15, compared with tho figures. for tho corresponding period of last year, show as ulider:— :

; , ■ .1911. 1910. •£ ■ £ ■Butter. 158,523 137.155 Cheese 91,365 82,283 ' "Beef ; 9,875 15 ,j 6a Mutton 43,398 19,183 Leg 3 and pieces 2,230 74 Lamb ■ 91,083 15,903 . w heat •. 16 14 gat-s' ;. . 14 809 ' Potatoes 50 94 5«W»i 12.895 27,652 1 Kabbits , 4445 _ ■'-Tow ; : l 643 .1405 Kauri gum .-. 10,229 33,388 ■ Gram:and pulse • *16 405 • g°? s ; > « 1,786 Hiilcs..-.,,. 5,831 6,274 . Skins . ....i. 18,601, 23,823# Tallow. 25,359 - '26,905" Timber ....; 6,717 15,695 Wool- - 645,143 824,079 G01d,^,62,485 .. . .78,588. ' £1,088,964 £1,310,763 Customs revenue collected at tho port of Wellington yesterday amounted to £2545 15s. Id. • •• ..... . ' TRADE IN-ALLJSN STREET. . Butter. is in good demand, especially prime bulk suitable for bakers' requirements. ; • . Cheese-is meeting with the usual demand for local requirements, both loaf and medium celling well. .Fresh Uggs.-Tho market is without alteration, .well-known'brands realising Is • Id. a , dozen. _ 13acon and is no alteration m values, and business continues good. Lard is in rather light supply, the bulk of the factories. being ,short of -'reouircments. ' Poultry.-Good hens. 2s. 9d. to 35.: cockerels, 3s. to 'is.; ducks, 3s. to 45.; ducklings, ,4a. .6d.- to-ss;-6d.' per pair. - - ■'■ ■' Potatoes aro offering more freely, and pnecs range from £4 to £6 per ton accord, ing to Quality. Onions aro now coming forward from Auckland, and are being marketed , •in first-class condition. Pickling onions are also coming forward and' make from Id to lid. per lb. - . . Gras3 Soed. T The new'season's samples of cocksfoot arc now available, and the'seed is well coloured. White clover, cow grass, and other small seeds are in good demand. - Fairly heavy shipments of ryegrass seed are coming forward from the B9 ni ir a ™ stead y demand. Ohaff.--There is a fair trade in oatensheaf chail the bulk of which is coming from the Marlborough district. Oats.—A steady business doing with Al. gerian at 2s. Bd. to 2;. 9d. per bushel* A grade,-short white, at 2s. 9d. to 2s. lOd \ 8 I 1!1 » n ,v change in value, frli? l 'nir ' i Fa \r ll brands are 'being freely offered. New Zealand brands ire unchanged at £B 10s. per ton, f.o.b. south Maize is m poor demand just noiv. ' Pollard.-t,ow Zealand sorts continue in' short supply, but very heavy shipment"' continue to arnvo from Australia hc l vy S r Ul> i' ,y: tllo Price is' nmv £3 15s. per ton, f.o.b. -south. -Fruit-Choice poaches are in better-de-mand. At yesterday's auction 6s. to '6s per half case waa realised. Large apricots' and greengages have improved in value i?- fol ' mer arc »°w worth about 5«; 6d ; . The nest shipment of Californian RS!!F. ca <iue . on February 8. Australian William pears are in good demand at 13b. ta lii. per bushel case. Vegetables.—Marrows, cabbages, green peas, and French beans are Ln' heavy supply, and realise only moderate prices.

EDUCATIONAL LEASE OFFERED. Messrs. A. L. Wilson and Co., 26 Brandon Street, Wellington, submitted to auction in their rooms yesterday, "n educational lease, comprising 1100 acres, situate Tailiane district. The highest bid received— £1450—was not up to the reserve, and it is now open for private Bala

THE METAL MARKETS. By Telegraph—Press Association-Copyricht (Ilcc. January 24, 8.40 p.m.) London, January 24. • Copper.—On npot, £55 7?. 6d.; three montiis', £56 3s. 9d.; clcctrolytic, £57 15s. Tin—£l9o iss. Lead.—£l2 18s. 9d. WHEAT. ' By Telegraph—Press Association—Copyright (Rcc. January 24, 8.40 p.m.) London, January 24.» Wheat.—An Australian cargo lias . becy sold at 365. • LONDON WOOL SALES., By Telegraph—l'ress Association—Copyright. . London, January 23. Tho wool sales have again had to be postponed owing to.a fogNATIONAL MORTGAGE' AGENCY CO., LTD. By Telegraph—Press Acfociation—Copyright. (Rcc. January 24, 8.40 p.m.) London, January 24. The. report of the National Mortgage Agency Company of New Zealand shows a prolit of £47,348., The total dividend for the year is 111 per cent., and there is added 'to the reserve £15,000, and £9843 is carried forward. AUSTRALASIAN MORTGAGE AGENCY. By Telegraph—Press Association—CopyrlßHV ■ (Rec. January 24, 8.40 p.m.) • London, January 24. • Tho • Australasian. Mortgage Agency is repaying a further twenty per cent, of its preference stock. BEET. SUGAR. . 'By Telegraph—Press Association—Copyright, London, 'January, 23. Herr P. O. Licht, of Magdeburg,. In his -monthly circular, states that the, production .of beet sugar in Europe during the first four months of tho 1910-U campaign, which began on September 1, shows ail increase of 715,CC0 tons, "as compared with the previous'campaign; He estimates,that the total amount produced during the current campaign -will be about 8,147,000 tons, or an increase of -1,989,000. '' GRAIN MARKET. .' (By Telegraph.—Press Association.) Chrlstchurch, January ,24. There has been a fairly large ampunt of ' new wheat changing Jiands during the ' past few days; both merchants and mill* ers making purchases. The prices paid were 3s. la. and 3c.'2d. at country stations. and some fairly large lines weretaken at these priced, the wheat being of cpleudid quality. The fine weather now being experienced' for harvest operations is enabling farmers to secure their crops in good order, and the dryness of the' wheat makes it suitable for stook threshing.' There'are still .few oats 'offering'; and morcliants.'say. they do not remember a season when ' the offerings* were so small at thi6 period after harvest. Prices are'unchanged, 23. being, the'highest figure paid' at country stations for Algerians'. Malting barley is still soiling at good prices wlien .tho quality is' satisfactory. New oatsheaf cliaff is ! now offering, and a sale Has been made at 70s. at countrystations. .No business ■ can-be done ;.for , shipment north, however,, in the face of lower quotations .from..Blenheim. .. Ryegrass is very scarce, and new seed is quotod at 3s; ; 9d. to'< 3. at country stations.; -.• s »• - ; • - S-oms .business has- been done-in cocksfoot, . and Peninsula seed has changed hands at 6d.;and 6Jd.' •' • , ' ; • ' - BUTTER AND CHEESE'REPORT,' /Messrs. Foley .Bros., Ltd., Toolcy Street, London; have sent tbe.'following cabled., iidvipe to. their New Zealand representatives, Messrs. Henry Kcmbcr and Son, Wellington, in Reference to dairy produce prices:—Danish, finest-salted, 1155.,t0 116s. per cwt:; .New Zealand; finest salted, ; 110s. to 112s. per. cvrt.; 'Victorian, finest salted, 106s. to 108s. per cwt.j Victorian, unsalted, 108s. to 110s. per cwt.; New JSonth finest Kaltod, 1045.; to 106s. • per. cwt.; Now South Wales, unsalted, lOCS'. to''• 108s. per ewt.; . Queonsland, finest . 104s, to 1063. .per cwt.; Quecnsl s md; uhsnltcd,.'ie6g. to 108s. per ,cv/t.; New Zealand cheese; white, 58s. ,to 595. per .New .Z6aland cheese, coloured, 60s. to-; 61e.- per', cwt. - ; The , Board of Trade 'returns show im« ports'of/.butter into the United Kingdom •for.last;week as 113,fi29cwt. For ,the-cor-rcspondintc week last year,- the -amount was 95,672cwt., showing an increase for the current year of' 17,357cwt. •