COMMERCIAL ITEMS.

Dominion, Volume 4, Issue 1071, 9 March 1911, Page 8

COMMERCIAL ITEMS.

INVESTMENT SHARES. A fair number of transactions in investment, s.'iares were recorded yesterday, the sales reported being Bank of New Zealand at £11 35., Wellington Woollen, ordinary, at £4. New Zealand Paper Mills, at Ms., and Taringamutu Totara at 48s. Cd. The buying and selling nuotations were as under:— . Buvers. Sellers £ s. d. £ s. d. National Bank — 6 2 0 Metropolitan Building ... 12 0 0 — National Mortgage 3 4 0 Wellington Investment ... 0 11 0 0 11 6 Feilding tias — 12 0 Wellington Gas '£10) 18 17 6 19 0 0 Wellington Gas (now issue) 2 12 6 3 0 0 N.Z. Insurance — 4 5 0 Christchurch Meat 15 15 0 Union Steam 1 17 6 — Well. Woollen (ord.) 3 19 0 — Well. Woollen (prof.) 2 17 ,6 — Taupiri .Coal 113 119 Westport Coal — 19 0 Leyland-O'Brien 16 0 17 0 Manning and Co 4 10 6 — Miramar, Ltd — 0 2 6 N.Z. Con. Dental — 13 6 Taranalii Petroleum — 015 0 Taringamutu Totara 2 7 6 2 9 0 BOWRON BEOS. EXPORT AND TRADING COM PANT. The secretary of the Bowron Brothers Export and Trading Company, Limited, states that the new company has completed tho purchase and entered into possession of the 22 factories and tanneries owned by the company at Christchurch, and the branches at- Wellington, Auckland, Dunedin, and Palmerston North, New Zealand, have passsd over to the new company. Mr. Charles Gerber' haG been appointed manager in Now Zealand. The assets acquired are: Stock. .-££6.001!; properties, plant, machinery, etc., £80,803. Distributing warehouses and factories are about to be Inaugurated in Sydney and Brisbane. ■ ' BRITAIN'S FOOD IMPORTS. , The weights of flesh meats and animal products used'for food'imported into Great Britain last year show how dependent the Mother. Country is on her possessions and foreign countries for her food supplies. The statistics are as under:— . . • British Foreign possessions, countries. Cv,-t. Cwt. Beef, chilled 2,225 3,189.539 Beef, frozen 1,411.299 2.355,5T0 Mutton '. 3,629,572 1,776,454 Pork 11.COO 468.957 Rabbits 603,760 60,422 Bacon — 3,863,389 Butter '. '...- 1,018,572 3,306,967 Cheese 2,064,569 391,792 Fish 1,371,161 2,105 £92 Margarine ;..... — 1,120.616 In addition to the above, the imports of live animals wholly from foreign countries wore valued at £4,028.672, and poultry £E21,310. Eggs to the value of £1097 wero obtained from British possessions, and £7,295,592 worth from foreign countries.

QUEENSLAND NATIONAL BANK. The Queensland National Bank has come through its troubles remarkably well. Five years ago its shares were marketed at 76.; now they are not to bo bought under 4Cs. The improve:! position is shown by tho way in which the bank has reduced its liability, to the Queensland Government. On December 31. 1905, tho amount owing the State under deferred payments was .-51.29t.400. Now that debt stands at only £544.391. Net profics then amounted to £22.307 for the half-year, whereas, for <,he nast six montli6, they wore £46.174. The bnnk has been realising the securities which it held as a legacy from bad times. Consequently tho "private ledger accounts" show a. reduction in the five years from £?<5,579 to £141463. With th<* good times the volume of tho business of the institution has so increased as to lead the Audi-tor-General for Queensland 'Mr. T. W. Connop) to write that "a careful analysis of the balance-sheet figures proves the prosperous condition of this bank."

Customs duty collected at the port of Wellington yesterday amounted to £1359 2s. 9d. DEBENTURES. By Telegraph—Press Association—Corrrlght. London, March 7. Stock Fxchange cmotations include:—Australian Mortgago, £99 lCs.; City of Sydney, £101. , ' LOAN AND MFROANTILE AGENCY COMPANY. PROPOSED REORGANISATION. Ily Telccrapn—l're3j Associatian-CopyrlffHt London, March 7. Tho "Financial Times" states that as a result of negotiations between the' trustees of tlio third debenture-holders and tho directors of tho New Zealand Loan and Mercantile Agency Company, Limited, tho trustees aro more favourablo to reorganisation of the capital based upon a reduction of the liability of eight and a half millions by; a contribution from tho proprietors, supplemented from tho reserve fund. GRAIN MARKET. (By Telegraph—Press Association.! Dunedin, March 8. Wheat has been in very fair demand up to the beginning of this week, and a, considerable quantity has been placed at last week's quotations, hut owing to depressed reports from London buyers are now much less keen to operato. Quotations (nominal) Prime Velvet, 3s. 2d. to 3s. 2}d.; prime Velvet Ear and Tuscan, 3s. ljd. to 3s. 2d.; medium milling and whole fowl wheat, 3s. to 3s. lid. ■Oats: Consignments of the new crop have been very limited, and have been readily placed on arrival, but until, thcro is much stronger demand from the North Island, and more inclination on the part of sellers to meet buyers, business will probably not be extensive. Primo milling, 2s. 3d. to 2s. 3Jd.; good to best feed, 2r.. Id. to 2s. lid.; inferior to medium, Is. lid. to 2s. PROPERTY SALE. Messrs. Harcourt and Co. report tho sale by auction of Lot 39 on deposited plan 789, township of Eastbourne, situated in tho Orua. Road, and containing 19 and twotenths perches, to a client at a satisfactory figure.