COMMERCIAL ITEMS.

Dominion, Volume 4, Issue 1184, 20 July 1911, Page 8

COMMERCIAL ITEMS.

INVESTMENT SHAKES. ■ Only two sittings of the Exchange wore licld. yesterday, the Trentham raiccs, and Arbor Day being made tho excuse for abandoning the afternoon call. One transaction was reported yesterday, a. sate ot Sharland's preference at 245. 9d. being recorded. The buying and selling quotations were as under:— Buyers. tellers £ s. d. £ 6. d Union Bank 67 0 0 — National Bank 6 10 . Equitable Building — 916 o National Mortgage 3 8 6 X.Z. Loaa and Mer .71, 018 0 N.Z. and-River Plate 1 1? 6 ~ Well. Trust and Loan ... - 711 0 G'hristchurch Gas 9 16 0 Well. Gas (new issue) ... — 3 5 0 Meat Export (£5) 6-5-0 — Meat Export (52E. fid.) — 3 5 6 Union Steam 2 16 — Well. Woollen (ord.) — 5 2 2 Taupiri Coal ••'••••• — I'D Kauri Timber — ? n Leyland-O'Bricn Timber... 18 3 ■ 1 B 9 N.Z.' Drug 2 9 3 - Sharland's preference — 14 9 Taranaki Petroleum 0 16 6 0 17 0 Taringamutu T'ltara 2 6 0 2 8 0 Ward and Co 5 0 0 • — Well. Opera House — 7 5 0 WELLINGTON INVESTMENT COMPANY. The report of the Wellington Inve-tn:cnt. Trustee, and Agency Company, Ltd., for tho year ended June 30 states that tho net profit on the year's business, includ-' ins £181 Is. brought forward from last year, amounted to £4839 2s. Cd. An interim dividend of o psr cent, was dodared, and paid in January, and it" is now proposed to pay a, further dividend of 3 per cent, (making 6 per cent, for tho year)' this will absorb £3foo, leaving a balance of £1839 2s. 6d. Of tliis amount-of £1039 2s. 6d. it is recommended tlia-, bo carried to reserve fund (which then stand at £9250). and that tho balance (£339 2=. 6d.) be carried forward to tno ensuing year's profit and loss account. Messrs. j. M. Richardson and R. 51. Simpson are tho directors who retire from the beard, in accordance with the articles of aesocnt.ion. and, being oliciblc, offer themselves for re-election. The auditors, Messrs. b. Buchoh and J. H. G. Rowley, also cHer themselves for re-election.

CO-OPERATIVE ASSURANCE CO., LTD. Tho following cablegram from Sydney ha? been received by Messrs. Turnbull and Co. and Irwin and George. New Zealand brokers for the Co-operative Assurance Company:— "Tasmaiiian-shares all taken up; expect closing orders on Saturday." The publ:c of Tasmania and New South Wales ovidcnlIy think highly of the company's prospects for they are rcnoTted to have suM.oriiSM for ZOO,CCO shares in just over a week. Since the prospectus was published. Mr. Littlejohn. of Sydney, has beer, added to tho board of directors. Mr. Littleiohn is well known in the local insurance world as a Sydney director of the National Mutual Life Association. Application for the New Zealand portion of the shoves are reported by tho brokers to bo coming in freely.

Customs duties collected at. the port of Wellington yesterday amounted to £1790 10s. Bd. . LONDON WOOL SALES. Br Tclecrauh—Press Association—Ooprrieht London, July 18. At the wool sales thoro was a good demand for all descriptions. Prices were firm at Me rates. Following dto the prices for the flceco portions of the clips named:—Wnikio, ton price, IW. per lb., average 132(1-; Talisman. Is average 9d.: Severn. 13M-. average Hid.; Tarndale, 2<ld., average 22id. SOME NEW ZEALAND PRICES. (Eec. July 19. 11-35 p.m.) London, July 19. The wool sales will close on July 26. The following are the prices realised for the flecce portion of the clips named:—OHaubrook. top price 12' - average llid.; Otipua, 19d. and 153 d. Messrs. Murray, Roberts, and C 0,., Ltd., have Teccivofl the following cablegram from Messrs. Sanderson. Murray, and Co.. Lou-don-—"Market Is firm for best descriptions of merino, and very irregular for scoured crossbreds." TEE METAL MARKETS. By Telegraph—Press Association-Copyright London, July 18. Copper. on the spot. £56 15s. 9d. par ton; three months,'£s7 55.: electrolytic, £58 IDs. Tin, on tho spot, £194 IDs. per ton; three months, £188. Lead, £13 7s. 6d. per ton. ■ LONDON QUOTATIONS. By Telegraph—Press Association—Copyright London, July 18. . Goldsbrough. Mort and Co.'s debentures are auoted at £S8 10s. SYDNEY WHEAT MARKET. Bj Telegraph—i'ress Association-Cppyrlehl Sydney, July 19. Tho price of wheat has dropped a halfpenny, per bushel. _