COMMERCIAL ITEMS.

Dominion, Volume 4, Issue 1233, 15 September 1911, Page 8

COMMERCIAL ITEMS.

INVESTMENT SHARES. Sales of investment shires recorded yesterday were h'ouitable Building at £9 155., and Wellington Gas Eights at 4d. The buying and selling quotations v/cro as under:—

COMPANIES REGISTERED. The following appear iu the list of companies registered furnished by the "Mercantile Gazette" of this v-'eek:— Hijou Pictures, Limited. Registered as a private company on September 8." Office, i 67 Injrestre Street, Wellington. Capital. £1750, divided into 1750 shares of £1 each. Subscribers: 0. K. Hickev, 750; L. Case!berg, 750; W. H. Alack, 250.

Brazito, Ltd. Registered September 8. Office. 4 Willis Street. • Wellington. Capital, £15,CC0 in 15, CM shares of £1 each, all fully paid up. Subscribers: N. Harvey, 1375; F. 11. R. Neville. 1875; A. I. Grabham, 100; R. H. Jlodlin, I;.T. Young. 1; S. Brown, 1C0; G. Fitzgerald, 100. Objects: To purchase or otherwise aco.uirc the invention or secret proems for making a fiux for welding metals possessed by Nelson Harvey and F. If. R. Neville, of Wellington, electrical engineers.

Hastings .Timber and Joinery Company, Ijtd. Registered Sept-ember 6. Office, Warren Street, Hastings. Capital, fIO.C'JO, in 10.CCO shares of £1 each. Subscribers: W. T. Williams, 725; lI.J. Smith, 760; A. E. Knight, 375; J. Iliron, 500; 11. S. 'Clark, 125; H. M'Kcnzic, SCO: W. ,Couper, ££0. Objeets: To carry-on the said business and generally to carry on in all their branches the businesses of contractors, builders, timber merchants, wood-workers, joiners, sash and door-makers,* coal and firewood merchants, dealers, etc.

WAIRARAPA FARMERS' CO-OPERATIVE COMPANY. The report of tho Wairarapa Farmers' Co-operative Association for the year endod July 31 last states that the general trade has been larger and of a more satisfactory character, partly due to the association's strong financial position and to tho prudent and conservative policy of tho directors. After having made due provision for bad and doubtful debts, depreciation of stock and plant, and payment of auditors' fees, tho net profit for the year is £15,1'9 Is. 3d. To this has to be added £474 16s. lid., carried forward from last vear's profit and loss account, making the" total available for division £19.660 Bs. 2d. The directors recommend th- distribution as follows:—Payment of dividend on paid-up ea-pital, 6 per cent.: payment of bonus on na:d-up capital, 3 per cent.; nay-mc-nt of bonus to shareholders on the')purchases, 3 per cent.; payment of bonus to employees cu their salaries. 3 per cent.: a bonus to managors and heads of department? which have done profitable trade during the year; to carrv the Him of £SCO to the Continieney Fund, which will then stand at £2CCO; to rarrr the sum of £1000 to tho reserve fund, whv-h will then stand at £50.153.

After paying tlie Government income tax mid the usual honorarium to director?, there will remain a turn of .£6530 to be carried forward to ce>:t year's profit and loss account.

IXFIiUEXCE OF CAPITAL. The influence of capital is towards rational peace and good government. The members of one nation who have invested capital in a- foreign country po.iscts an interest in everything that may happen in that country to affect the security and fructification of the capita!. Ak a' number of civilised nation:; cuter more largely into foreign trade and foreign investments, the foreign policv of their Governments is more directly ai'd consciously engaged in looking after the commercial and financial interests. The new and growing tendencies of a genuinely international finance must continually tend to discredit war, and to substitute pacific motives. A large and regular trade between members of two natio-s does modify the temper of their Governmollis; there is, naturally, a hesitation to injure a good customer and wreck a go-d market. Germany has had csnericn.-c of the influence of cApit.il. for France, Ilussia Britain, Switzerland, and some other «>"-' trios ouHily withdraw credits he'd with German banks, and a jcverc financial cri'jis appear? to have been averted oulv through the pacific assiiran-.es of the German Government conveyed to tnc Bourse. \ a .?, pamphlet entitled "Kurope's Optical Illusion., it is Etated, that tor Clio

successful army of a European country to invnrie n neighbouring country in order to raid its treasure, destroy its fixed property, and kill it* industries, would not merely he a booties policy, but also a suicidal one. For the damage it would indict on the finance, the industry, and commerce of its own pc-oulu, would be only second in extent to that inflicted on the enemy. ... It i? certain as anything can be that, were the German army guilty of such economic vandalism, there is no considerable institution in (tcrmany that would escape grave damage; a. damage in credit and security f.o serious sf to constitute a loss immensely greater than the value of the loot obtained. Customs dutios collected at the port of Wellington ye&terday amounted to £2328 18s. lOd. WHEAT. By Telegraph—Press Association—Copyright London, September 13. The American visible supply of wheat is 59,562,C00 bushels. AMERICAN COTTON CROPS. By Telegraph-Press Association—Copyright . (Itec. September 14. 10.50 p.m.) Now York, September 14. It is estimated that the cotton crop will total 1200 million bales. LEAD. By Telegraph—Press Association—Copyright Londoni September 14. Lead is quoted at £14 JOs. Tin imports during the last month were 20,197 tons, including 4578 tons from Australia. The es- 1 ports were 3607 toils. ! I TALLOW SALES. By Telegraph-Press Association-Copyright London, September 13. At the tallow sales, 1384 casks were offered aid 1283 sold. Prices reached: Mutton, fine 3Ss. 9d.; medium, 365.; beef, fine, 365. 3d.; medium, 3.45. AUSTRALIAN PRODUCE MARKETS. By Telegraph-Press Association-Copyright (Rec. September 14, 11.30 p.m.) Sydney, September 14. Wheat shows an easier tendency at 3s. 6d. to 3s. 7d. Flour, city brands, £8 155.; country brands, £7 17s. id. Bran and pollard, £5. Barley, Victorian Cape, 2s. 6d. to 2s. Bd.; English, 2s. 4d. to 2s. 6d. Maize, 3s. 6d. Oat?, Tasmanian Sparrowbills, 2s. lOd. to 2s. lid.; Giants, 3s. to 3s. ! Id. Onions, £3 10s. to £4. Potatoes, Tas- ! manians, £8. Butter, lC4s. to 1125.; selected , brands, 116s. Bacon, 7Jd. to. 7?d. Melbourne, September 14. Chaff is in good demand, and supplies are somewhat scarce. Prices run at from £3 15s. to £4. and for compressed, £4 to £4 ss. Wheat, 3s. 7£d. Flour, £8 10s. Oats, 2s. 2sd. Barley, Cape, 3s. Maize, 3s. Id. Bran and pollnrd, £5. Onions, £3 to £3 ss. Potatoes, £3 10s. to. £4 IDs. Adelaide. September 14. Wheat-, 3s. fid. Flour, £8. Bran and pollard, llid. MELBOURNE HIDES MARKETS. By Telegraph—Press Association—Copyright (Rec. September 14. 11.30 p.m.) Malbournc, September 14. There was a fair catalogue at the hides sale to-day, and good competition. Prices remained firm at''late ratc-s. LONDON MARKETS. Tho New Zealand Loan and Mercantile Agency Company, Ltd., have recc'vcd the following cablegram from their London house, under date September 13:—Tallow: We quote present spot values for the following descriptions:—Good mutton, 395. por cwt.: good beef, 355. 6d. per cwt.; mised, 335. Gd. per cwt. The market is firm. • Wheat: Have sold an Australian cargo at 365. IJd. c.i.f. Tho crop reports are favourable, and there is very little demand. The market prospects in India are likely to decline. We quote per quarter c.i.f.New Zealand wheat, long-berried, 335. 3d.; ohort-berricd, 325. 9d.

Buyer?. Seller?. £'d, £ s.d. Well. Investment 0 12 0 — Well. Trust and Loan ... 7 9 0 — Ohristchurch Gas — ■ 9 15 0 FeiWinsr Gas 12 3 — Well. Gas (£10) - 19 0 0 Well. Gas (new issue) 2 15 0 — Well. Gas (rights) 0 0 5 fl 0 6 Union Steam — 2 13 Well. Woollen (ord.) ... — 4 0 0 Well. Woollen (pref.) 2 18 6 — Taupiri Coal 116 — Wcstport'Stockton — 0 2 0 Leyland-O'Brien 18 9 — Manning and Co 3 19 3 — Mauriccville Lime ' — 0 15 6 N.Z. DruG 2 9 6 — N.Z. Cement -r 1 13 6 fiharland's ordinary — 14 9 Taran-aki Petroleum — 018 0