COMMERCIAL.

Dominion, Volume 4, Issue 1160, 22 June 1911, Page 12

COMMERCIAL.

INVESTMENT SHAiIES. Transactions recorded yesterd<y wcro! Wcstport Coal, 29a. 3d.; Gisborno Gas, £3 Is. 6d.; D.1,0. prcfurcnce, 235., and Taranaki Potroioum, 16s. 6d. Tho buying and selling Quotations were as under:— Buyers. Sellers. £ s. d. £ s. d

WAIHI GRAND JUNCTION GOLD. Tho Teport of the Waihi Grand Junotlon Gold Company, Ltd.. for 1910, during tho year 84,226 tons of ore of Mb. wero rallied and treated, yielding , bullion to tho value of £133,316, Irom wine) to be deducted tho New and oxpenses of realisation, £5434, leaviue i 127,880. Sundi-y receipts amounwd to JE2203, making tho total rovonuo £130,083. 'Iho working costs, including the sum of £16,645, charged to mines development redsmption, together with administration ana other expenditure in New Zealand ana London, amounted to £84,810, showing a gross profit of £<'5,273, from which, after deducting £14,626 written oil for depreciation of plant, machinery, and buildings, a net proht of £30,646 remains to tho credit of profit and loss account. The adverse balance of £4272, brought forward from tho previous year, reduces the available balance to £26,374, out of which the directors recommend a dividend of 5 per cent., free of income tax, leaving £7155 to bo carried forward. At tho end of 1909 tho fully developed ore amounted to 26.160 .tons, and 65,CC0 tons wero calculated .as probably existing, together amounting to 91,150 tons. After the extraction of 84,22b tons of ore sent to mill, there remained at December 31 last' abovo No. 5 level 132.900 tons fully developed, and probable ore 30,IKJO tons, a total of 162,9C0 tons, showing tho satisfactory increaso of 71,750 tons. Sinco tho end of the year the further development of tho Mary lodo on Nos. 3 and 4 levels has opened-up largo bodies of payable ore, and what appears to bo a new lode, called tho "Grace" lode, has been discovered 16ft. to the south of tho Martha lode, No. 5 level, at a point 82Cft. east of tho main crosscut, which proved at point of intersection to bo 36ft. wide, 12ft. on tho footwall being worth £1 13s. 9d., tho remainder low grade. When last reported on by cable, driving to tho eaGt for 97ft. and west 66ft,. on tho courvo of tho lodo had disclosed continuance of tho payable ore. Tho sinking of No. 1 shaft, which had to be discontinued on account of shortage of power for pumping, owing to tho accident to of tho turbo-genvators, has been resumed. If no unforsoen obstacle occurs, it is expected that the opening of No. 6 level will bo commenced in tho course of the next fow months. The sinking of a new working shaft has also been commenced. at a point about IOCOft. cart of No. 1 shaft. EOYAL EXCHANGE ASSURANCE. Tho report of tho Royal Exchange Assurance for tho ycaT 1910 showed firo premiums £756,499, and lo6ses, commission, and management expenses £669,335. The firo fund was increased to £352,600. In tho raiPolo department tho net premiums were AiJMiB, and tho marine fund was £208.469 Ihen there were .the life, annuity, emplo.vers liability, and other, departments, and SS.® ■ , assets amounted to £6,ff6.460. Tho balance of profit and loss was £W0.411 after allowing £62,030 dividend to jjro' prietors. This office is now 190 years old. OUR IMPORTS FROM HOSTS. Tho-following is a return of tho principal Jines of goods of British manufacture exported to New Zealand during the ????& of April, 1911, also for the four w n sn e . n<l,n e/Pr" 30, 1911, with figures for 1910 shown for purposes of comparison turns -? m " 10 • Board °f Trade re-

NEW ZEALAND EXPORTS. . Tho values of'the prlnoipal Now Zealand products exported during the first half of the current month, as compared with the figures for the corresponding period of last year, show as under:—

• NATIONAL ■ BANK OF NEW ZEALAND. The general managor of tho National Bank of New Zealand, Ltd., has received a cable message from his London board advising tho declaration of a dividend of 6 pct cent for tho half-year, and bonus to shareholders of 1 per ccnt. on paid-up capital (£500,000), equaling 13 per cent, in all for tho year ended March 31 last. Tho sum of £20,000 has been added to tho reservo fund, which will then stand at £480,000, and £20,C00 carried forward. The directors havo further allocated £10,000 in of bank promises account, and £3CCO 'fo the- OfDcers' Pension Fund, and granted a bonus to tho staff. Tho annuaj meeting of tho bank will be held in London on July 4, Customs duties collected at tho port of of Wellington yesterday amounted to £2079 6s. lOd. THE METAL MAEKET9. By Telegraph—Press Association-Copyright London, June 20. Copper.—On.tho spot, £57; threo months. £57 lis. 3d.; electrolytic. £58 15s. £ Tin.-On tho spot, £169 55.: thrco months. Lead, £13 6s. 3d. BANK OF NEW ZEALAND SHARES. By Telegraph—Pmbs Arcociatiun-Copyrlehl Condon, Juno 20. Bank of New Zealand shares are quoted at £12 6s. (buyers) and £12 15s. (sellers). • AUSTRALIAN PRODUCE MARKETS. By Telegraph—Press CReo. Juno 21, 11.10 p.m.) • Sydnoy, June 21. Wheat In dull; shippers, 3s. 3d.; millers, 3s. 4d. Flour, city brands, £8 10s.: conntry, £8 ss. Peas, ss. to 6s. Barley, Victorian Cape, 2s. 6d. to 2s. Bd.; English, 2s. 4d. to 2s. 6d- Maize, 2s. 7d. to 2s. Bd. Bran and pollard, £5. Oats, Tasmanian Sparrowbills, 2s. 10d.; Giants, 2s. lid. Onions, Victorian, £4. Potatoes, Tasmanian red, £8; white, £6 10s, Butter, 112s, Bacon, Sid., to 53d. Cheese, 5Jd. to 53d. Adolaldo, Juno 21. Wheat, 3s. 6Jd. Flour, £8 to £8 ss. Bran and pollard, Is. Oats, Algerian, 2s. 3Jd. Potatoes, 475. 6d. Onions, £2 10s. Melbourne, June 21, Chaff Is in moderate supply, and tho demand is quiet; oaten dumped is quoted at 80s., 775. 6d„ 755., according to quality. Wheat: There is better inquiry at 3s. 4d. to 3s. 4Jd. Flour, £8. Oats, milling Algerian, 2s. 2Jd. to 2s. 3('..; medium. 25.; seed, 2s. 3Jd- to 2s. 4}d.; feeding, Is. 2d. to ./ Is. 7d, Barley, English malting, 55,; Cape,,

!s. 5d.; feed, 23. Maize, 2s. 7d. to 2s. 7Jd.' Bran and pollard, £5. Onions, 565» Potatoes, £5 to £6 MELBOURNE HIDES MAEKET. By Teleeraph—l'ress Associatlon-Coßyriirhl (Rec. Juno 21, 11.10 p.m.) Molbournoi June 21. Hides were in fair supply nt the sales to-day, and thorc was good competition. Prices aro unchanged. " LAND AND MORTGAGE CO. NINE PEE CENT. DIVIDEND. (By Telegraph.-Press Association.) Auckland, Juno 21. Tho New Zealand Land and MotteaEO ComnaJiy is adviccd that tho havo resolved to pay an interim dnidend at the rale of 9 per cent, per annum for tho six months from October 31, 1910, April 30, 1911. Tho dividend on Bhares on tho colonial register will be payablo on July 6, 1911.

National Bank 6 0 0 6 1 6 Bank of New Zealand ... 1112 0 — N.Z. and River Plato ... 2 0 6 •— Well. Deposit — 0 8 6 Gisborno Gas 3 10 — Christchurch Heat 15 14 0 • — Meat. Export (<65) 6 6 0 — Meat Export (52s. 6d.) ... — « ® J Now Zealand Shipping ... U 12 6 1115 0 Union Steam 2 10 Well Woollen (pref.) 3 0 0 - Taupiri Coal 1 1 { Westport Goal * i 2 S "" N.Z. Drug 2 9 0 - N.Z. Paper Mills ~ J \ ° Taranaki Petroleum 0 16 0 0 17 o Taringamutn Totara ~ „ zlu u Ward and Co. 5 2 6 -

Montliendini? Four months 10 ■ <n.. endin S April 30. ■ 1910. 1911. 1910. i9ii. £ £ £ £ Beer, and ale * 4,203 3,077 12,02a. 14 214 ?Pinl3 *27,612 18,070 72,420 79^295 Iron and steel ' g and manufactured ,.,'Hroof. . 891027 . 79,594 319,823 . 413,48? Copper, wrought ■ or maniifac- ■ '"-ed .... 2,052 ■ 2,275 8,798 16,721 .guttery 2,651 - 2,848 ; 9,897 11 967 Sardwaro. 9,792 .11,073 35,318 601312 Cotton, piece . .goods of all 'Jtinfo .......... 38,441 34,524 196,817 220,661 Woollen' and I worsted irianii; ■ ! factures ■..-.i;.ii6,145 24,434 113,735 164 674 'Haberdashery./;? and . mil-' iinery '1,927 2,134 18,986 29,060 Juto manufac-: turcs 2,185 2,601 10,497 15,882 Linen, piece goods of all kinds 6,584 6,001 32,397 35,341 Apparel 17,234 17,524 167.830 214,233 Boots' end shoes ; 7,313 8,700 59,568 77,745 Kaddlery and harness 2,538 2,164 10,596 14,472 Earthenware and glass ... 6,803 9,031 28,364 39,730 Writing and printing paper ... 11,949 32.C61 40,389 52,873 Cement 2,314 2,205 7,025 9,493 Stationery, other than paper... 2,865 3,426 12,235 14,195

June, 1911. JuneJ.910. Butter 3,317 2,686 Chseso 16,333 40,733 3)oef 7.190 , 80,608 Mutton • ■ 20,396 96,375 . Less and piccea 740 5,756 Lamb 48,822 202,836 Wheat 22,176 9,168 . Oata 407 1,012 Potatoes 421 95 .Ilomp 9,980 29,186 Babbits — 4,655 Tow 438 2,801 Kauri gum 13,643 25.3C0. Grain and pulco 1,928 • 9,615 Hops 102 979 Hides 14,447 20,166 Skins 26,285 . 57,964 Tallow 23,597 71,993 Timber ;..... 14,314 17,888 Wool * 118,418 . 205.487 Gold ..... 60,227 "64,255 403,181 949,578