COMMERCIAL, ITEMS.

Dominion, Volume 5, Issue 1278, 6 November 1911, Page 8

COMMERCIAL, ITEMS.

INVESTMENT SHARKS. A sale of South Dri'.ish Insurance at £3 12s. 3d. was the only transaction recorded hi investment shares on Saturday. The buying and selling ouotations were as under:lluvcrs. Ser.erp £ s. (1. £ s. d Well. Investment 0 11 9 0 22 3 Well. Trust- .and Loan ... 7 10 0 Well. Deposit - 0 8 0 Christchtireii Gas - 3 12 G Foildiiir Ga: - \ I z V.'fll. das f r.io) - IS 12 6 Well. Gas (now) - 3 0 0 We!i. R.-s (prcf.) 0 2 9 0 3 0 Christchurrh .'lent - 15 0 0 tfcat Export (£'l - 5 0 0 Jleat Export (525. id.) ... - 3 10 Uiii-jn Steam 1 19 0 Kai.acoi Wnnlbn lord A ... - 512 5 Well.' Woollen (prof.) ... - 219 0 Taupiri Coal 10 9 - Wcstnort Coal -• 19 0 lievland O'llrbu 18 0- - Mannir.s and Co — 4 0 0 K. 7. tin. Denial - 13 0 X.Z. Paper Mills 10 0 - Shar'.ar.d's ordinary — 14 0 Sharland's preference ... — 14 5 Tnriniasiutn Tetara 2 7 0 Ward ami Co - ' 5 0 0 Well. Opera- House - 5 0 0 Whit-combe and Tombs ... 612 6 . 615 0 PIIODUCH MAIiKETS. The London ouotations for butter are gradually getting back to uarm.il, although the present prices are stilt well shove those current a, year aco. When the heavy shipments from Austrnlacia. reach the market, prices may be exuectcu to po lower, hut even so the position will bo infinitely better than, it was a year ago. There is nothing new with respect to cheese. The v.'col market is reported to be firmer, but the prices for line wools are exceptional!}' lo»'. The r;it?lation for sixtyfours for forward delivery is 2<?d., \vi:i!o a vear ago, the quotation was 27d. We will (;ct some idea of the views of the trade at the cale to be held in Wellington to-morrow. NATIONAL INCUKAXCE COMPANY. The balance-sheet of the National Insurance Company for.the year ended September 39 has been circulated. The net j premium income was £132.1"5. v;hi!e the los.-cs were £67,6'5, equal to 51.25 per cent. of the premium income: the expenses toi.aP.ed .*:<i7.sßG. or 35.01 per cent., Icavin- the underwriting profit at .-C16.595 or 12.79 t.or cent, of the premium income. The amount received from interest and rents totalled £113.493, and there was bronchi forward from thi previous year -£28.097, making The dividend of 2s. per share ah:orhs XSO.CK. and £JS,CCO has been added to the reserve fund, leaving £29,267 to be carried forward. STATE AID TO lIOCSIXG COMPANIES. The annual report of the British Public, V.'orl;s Loan JSoard for the past iiiiiiiicial year shows that in addition to the very larttc suni of money advanced to local authorities, a fair proportion was alio lent, under the Housing of the Working Classes Acts to a number of joint stock concerns. The total amount thus ndvc.nred was .*.2j1,K9, a'l at 3 1 . per cent., with the exception of a- small sum of £:3CO, which bore interest at the rate of 33 per cent. Host of these companies arc of the garden city tvpe, and the principal individual leans were those praiuctl to Ealini; Tenants, t.'io Seror.d iiampstead Tenant"., and the Garden Village (iliillj, which received £30,(C0, £5,2:0, and i3!UIU respectively, 'the total amount advanced by the beard to housing companies has been .'.1,C59,7vC, of v.-inrti £46.910 has been repaid, leaving £G:2.EM outstanding. Though the newer type o; houf-ine enterprise now shares most largely in this benevolent form m State aid, the older housing concerns received much assistance in the pa:t. and the Kast r.nd Dwelling* Company, the Improved Industrial Hwe'.lings Cora'jany, ami the Metropolitan Industrial Dwellings Company Mill owe the beard £211,9CQ out of jcoj3,£CU originally advanced. MOXEI" MAEKET. The supply or money (says the current "Trade Review") continues sufilcicnt for all ordinary reouirements, and lending rates regain fairly easy. The effect on the money market of the relationship of imnorts to exports is generally recognised, anil was amply demonstrated some three years ss when there was an excess of imports of some JCI.SBU.CCO. and heavy calls were made on the banks for assistance. The totals of imports and exports for the last three years ending with September 30 show the following comparison:— 1910-11 1919-10 1900-9 Exports ... £19.912,655 £21,939.364 £18,700,155 Imports ... 18.M1.960 16.1U.Ei5 l-5.916.CCtl £1,300.696 £5,056,573 £3,78«51 The surplus of exports, whieh is needed to meet outside interest obligations, shows a, ronsidersblo diminution in the late:;t year, and the figures give a warning that any further decline in our exports is likelv to be followed by firmer lending rates, unless our imports are reduced. We do not anticipate any stringency, but as we have said before, we consider that our importers should waleh this closely as imports have attained a very iuprn total, and over-importation bhuiilu be carefully guarded against. CUSTOMS. Customs revenue collected at the port of Wellington on Saturday amounted to £2!3i 10s. Bd.. the total for Hie week being £27,551 17s. 7d. The returns for each of mo pa-t eight weeks as compared with the figure? for the corresponding periods of last year, show as under:--1911. 1910. £ £ September 15 l'v's3 J5.E35 September 2o 2!,»vt 22.;-2 September 33 7.35.) 11.i II October 7 15.117 21,318 October 14 9.9C3 10.2H October 21 9.34) 2D.r;9! October 28 21:737 9.'.,, November 4 27,0 p 21,-mA £120,253 ~£157,3-il The beer duty collected during the pass week amounted to £197 Is., as against £208 Is. in the corresponding week of last year.

LONDON" MA UK DTK. (Hec. Nomuhlkt ii, 5.35 p.m.i London, is'nvcinlu-.- 1. Wheat-It is rslini.ilcd thai, iiie, wheat crop of Ureal liril.'iin amounts li> 7,E3.',!96 iiimrk'rs.lK.eiiT.sCU bushels.. 15.-. im'V lon. Col ton. Kovembcr-llcoi'iiihci- uhirunciit, iton'ip. Siovenilicr-Uomnhcr shipnu'iil, £ZR "'liuliiilv.- 1'i,.., hard Para nihlic-.- is i|inile,l :ii •:. id. per Hi. Kauri final.- -In slock. .i'/J 1.-i|.'-.. Il.ilihils are uiiicl. i:iii;i;..li r:ilil-i|,. hciuulileniiliil. Jul:'. - N'.iveiiiiH'r-Di'ccnil.ei' shipment, , y.'.'Si !>t. per ton. NOIfI'II O'l'ACf M.M.'K'Kr;-'. (Ily 'I'iili-u-ranii I'c-s :,• ...ci.'iM.m I Oa:ii:»r:i, N.niMulier >.. The weahii";.. in tin- 1 m- -iml Amlv.iHull inartui-. IT when h. ivl'c-toil heir, anil. :ll!l:i)ll,-ll lil.'l'i' have ln'.-n im iv|i,.rt 'il ilu- price:, nU'ereil arc is. V,l. t .- Velvet, ami os. li.'d, f.u- rd clull'. Hai.i mv Una, ami is. b- a.'-Ueil I'm- i'.ioil feci. Iml. a file ha:, lic-.-n ma.le at '.S. Hit. Clia.T «llli,:i,cs al XI It's, per Iml. I'nla'ic-i arc ill iii.cl out el' I lie marlicl. ami Ihe v'h" i.m.ld is .'n'--. per I.m. Puller Lt: come liai-U t-.1. l-.-i- Hi., and m-ihii-.-h.t Imll.-i- l-i now ,ni..i,..l a I 7.1.. ami dairy et nl. I-'itk.-i an- iMiel.-d al 'hb. wilh a im id . app'y. IUU'.IVi'Y ANll I'lh. liTU. IMtKCtrt (it' AXN'l'Ali lllll'tilir. ;.!i',si;.. lia'-.-clv aml C.iiipaiiv. Iduiileil. li.ivn n-i-eivi-il l':u- r.'l'.iwin:! i-alili-i;i-ii.n from I'.ieii- lu-ad o!Vvc: Tlw Kiinnal :■■.■•■!in-f of the .-iiiipaii.v will he h.-hI on Xnvi-nilii-i- Us U'c i>iii p.,-.. .1ciarin-,- a. dividend of .| . per .-dia.c. hi inij al ilu- rat.- nf l> nrr ivni. per aa-iinu, .ni;l iiiakinir. wilh Mio interim lilvimml at n-adv <li-i-:ar.-il ami r-0.1. II per .nil. r,.ithe if m-.i.iliis emieil .linn- Mi. I'MI. AH-r maliiii-,' dm- provi-i.m for hid ami ilonlilful debts Idee rein.litis In i-u-dil ol protit and li-.-„ an-iuinl iiiu-liisno „f hcl.uice luMiiirlit 10'.i.-i.l rr.ii.-i last yi-.-io. . | ':!;i.,'ii, of which 4:-'ii,!':u was paid in diudcii.l r.nthe Inlf VO.U- ended lleii-mhcr .il. I'lld, leaving .rJ.il.'/li. wl-icli H h' h.'-m". ,-,l 1,, appropriate as follow-,: .iXu.itil in H-i\-nn-iit of a. dividend :•! I hi' rale "f II n-r rem. per annum: .CO'.UM I" 111" rccno I'uiiil. rabias it- lo .Mir.lVfl; J.'-IMtti ('• w.-il ; i,r; (l-..-.-a c„..| of pvcaii.e,: XKX'X l-i :-l ili lieue.nleni fund, which will Ih.-n slainl al. ,K!,iU; .:i':.i!V carried fonvard. KOTUKU nil,|.'llT,n. Koluki! Oiliie'.iU Syndi.-ate, .bimilcd. Tl-.o dep-.ii oi the "I.ady Islington well is now t.H feet.