COMMERCIAL ITEMS.

Dominion, Volume 7, Issue 2016, 25 March 1914, Page 10

COMMERCIAL ITEMS.

INVESTMENT SHAKES. A .sale of Bank -of New iebteshd rights ■,at £4 15s. was the only transaction recorded in investment scares yesterday. Tho quotations were as wndef:— : Buyers. Sollere. Bank N.Z. (righto) 414 0 *- d ' National Bank -* 5 7 0 Metropolitan Builgins ... — " IB' 0 8 Wellington Investment ... — '-o 11 3 Napier Qas (£10) ~.;... 15 15 o- — Palmerston Gas — in i-i n wen. gm,(£10)....; :::«.5 o 1 Christchurch Meat 15 1? 6 ■' — Well.' Woollen ' (ord.) 4 1 fl — Taupiri Coal ~ 1 1 fi AVestport-Stoekton , — did licyland-O'Drien i % J _ Taringamutu Totara 2 5 fi _ wAZ^.^.if!: 1 ,;- ■■■!!.- SHIPBDILDI,XG fiECOfibS. Ust year the oonSttuction e£ eljipijins to the(-world constituted a,"record, ttithcrto 12D6 lwd occupied the pr&ud. noeSHott, Ibnt P exceeded it by tf&m --tona AeeonHni* , LIo ,^ de J l^l the ships coEstructcci In the United Kuwdow And ferdwi countries during tic past five yeal-s Have been:— • ' , ' ' Otlto.p . TJ.K, ■ co.ti!itrie3 !fotat. ' : Tons. 'fens. . tons J5«3 •■•; 53i,C66 610,931 xM.OI 1510 U43J.69 834,654 1,557.954 isii \mm mm ■ usc-.uo. 1912 ; 1.738.5J4 1.163,855 2,501.76J 1913 ■■ 1,932,153 '. 1.460,739 3,30-2 : .Ee2 Germany came easily seo.or.d Trith /5.65-S2S tons, ami United State* third.with '&6AtK nut the latter is not <U1 ocean tannest ii large part of it bsitvjr on 'the cfcat. kites: Then 'foUoiv France 175 X:95 toA?. -jTeliUniO 104,296 tons. Japan 64J564 tons, Mid Austria-' Huusary 61,757 tnns. I'he EntlMi ji.voportlon of tna -world's totAl' was 5S pfcV cent, Tho United Kingdoift limichefl 64 ship's T of over ecCO tons, 2! -of over 10,OCO, ono 01 47.000.-ond.two of 18,435 tons. But the far™ cst. Gorman shins were tire VatcTlaiiS 56.CC0. tons, and Colttrabus, 33,060 tons \feri fhipi? arc not , included, in tWe statistics The tonnage of.warshiixs Uirilt i B the TTridted Kinidora m 191.3 was 271.376, cemmarefl with 405,533 tons built oy tie rest «'f Uw world. The British output was nearly 80.000. tons higher, .mi ibixt M "other eoatitnea about 163.CC0 tons higher than iii the previous year...test jear waraMss composed 12 per cent, of the British. 163 ofjtho worlds, and J?,.5,<j.f ether coiratrißfl , output. For slup.tmitdcrcs -th<s voar hflß been one of morvellfius prosperity, <ini shipowners also, have tt».p«d iiteji proflis, larger perhaps than ever. ■ Jfoaire. H E Moss- and • Co., in • their Ecnii-a.niriKii circular, fc'tato.that in tecbfds oi this post 50 veira th«y. can find iio tr<ieo"sf any neriod m wliieh steOrtsWD-rnvnere-Up-vo vealisea profits'comparaMo ts tJieSo'of "the past few, years. ■ ■■ '

ARGENTINE MEAT GOMPAJfIES. Confirmation has been reecired by mn-51 ef the proposed amalgamation beticcti tho :Wtct. Plate. Fresh. Co. S fe , j James Nelson and-.Soaw, with aim'eWiyst or rnakini? a more effective. ficht ammst- t-hi American .attempt to-dojiiitjetor the Brit'rSS. meat-market. Iho, basis'won which those two concern swiU-.amaJi-amate hoe. not ten definitely fixed, as fat as U known lictc but ae the share capital of the comßo-jito mentioned is almost identic*!, there sltoaU be no difficulty iti .this connection For a considorAblo time pifst tftero'-luis heen keen competition, states ■$, lcatiin-ir' Smithfiela salesman,'between tlie BriUsh"interuats end the American ' ruiß-.' Jfew ihim t mci the latter has forced tile pn-r-o Of vwM, » low that British dealers Jiad to sell at, n. Jitovv loss. The amalgamation flew proii6ecd"ha3 for , some ■ time, w a jt is hoped in. many riuO/.rte-rs t!wt α-nnllcv n f unification will Jbc . adeptH'by nther «-,m nanips In the trade. The IMvcr Plate Frwrti Meat Company hdg an .tailed canltel ot £«O.CCO .in 'ordinary' 4nd £tej@> in 10 nor cent, preference,sha-n™,..ln 1903 n, bonus'of 100 per cent. -, was. eivm on t-ho ordiriiiry oliarcs out of the reserve, a : ti-d for s?}?. there was a dividend of'JO'per eMtt.. fbli6istt.it; onc of s'per" cent:, tot ljll. M-essw. Ja'mca Nelson and Sons have, o-nliilary- fa? JESOO.OCO, first pi'cfereflce shares for '£isnm and second prefereaw shafes. for isd'oca' For 1912 the ordinary dividend was 6 per [cent., and the' preferred djviiSiciid ? g er cont.. besides 1 portent, for IJfll, file \mitisnally larco amount of £17,670 was «iiv ried forward.

, TRADE IN -ALI/SN STIfECT. The Moana, duo Irefo to-mtirrow, is UrinEin;,tho usual monthly eiism-iscn!. «f J?|M;ti and baiin.nn.ii. little inn-i is oominc fnm Hvrtriej , this \«w(;. "fk-aer-•allyvpM.'iin-. nriiwa 4ro .rnlinr 'xlrrmrly bn-. particularly f«r pM«h»5 nud-. plute.

Pears are' in heavy supply, the "Marie Ij.ouifp" being the most' popular variety offering at the presßiit time. Cox's orairtr« pippin apples have gofitl iiiciuirj', eo -also i have cnukhig apples. Paily coajsigmncjit.! of tomatoes ore coming from the Hiitt district, and prices are 'ruling, higher' thj.ii they were, at this periofl lost yea*-: Vegetables.—French hmmn We in heavy supply, whilst cabbaeee-liave improved. in value. Green peas'. are finished for . tlfc season. Mttfrows ire bringing eempftrativoiy low prices, but jrumpkias are i-eui-iiiag satisfactory rates. Onions.—The market is over-supplied, and priMS range from £5 Ws. to £6 10;.., a«ording- to quality; picHlfag onions Mβ in heavy.suDpiy,. and difficult, to emit at Jd. to Id. per H>. •■ • Potatoes—The inarfcet is lightly supplied: good, sound table soila' aro guotc-d at £4 is. ta £4 I3=i par tofl. Hour cGßtinua-3 to"rule at £10 lfe.' pet ton, ex- etore. - Fowis' wheat .has excellent inquiry ai 4s. sd. to Is. 7(1. per busliol." Fowls' barley is eeliinpc at' 2s. . iid. per bushe'i,. ■.'... Maizo continues "duii pf sile at 4s. 9d. to 4s. 104 per. bushd. Bran is in fairly heavy supply, ■ and is offering '.at *4 ss. to £4 10e. per ton. Pollard.—Further supplies ire cousins from Australia; and, the. market is rasing at J7 to SI I.os. per toli.' ' Oat pollard has fair'inquiry at SO per ktfj- ~.■■■.... BarieV Meal.-O\rifl(; to the hielV price'of pouard.bai'lof meal has bettcf iuijuwy, anfl 13 Gelling at £$ 15s. 'to £6 per ton. . Oiitmeal.—Bcst-Jtiiowa hraEds are fieHiflg at £12 Ms. for 251b. ba.ffs, m fur Jib. bags, an 4 £1", far seolb. fStefcs. ' ■ SolUid. rtats.~Thislle brand, in'4Jlb. bags, and .Oreanjoata,' in 41b: .bttfts, are selling atKB. ppr doses. Chaff,—A 'good dieniand erisfe ■ for prime oaten sheaf diaff at £4 10a. to JD4 ife, petton; saeks in, ei store.' Fresh egg's site in acti?© doinaiJd at is. m. to Is, StL per dozen, and preserved Is. 48. t<) Iβ. 5(1. ■ . " BaU«r.—Prime milled, in bulk, fa In sUwt eupflly, aiiii {β-qooted at lOd. per lb., witfi t-t>tlA auality a-t. Bjd. to 9}ri. Broken peas arc cominE into favour tor ponltry. feed, and 'are- seUiag at 3s. 6d. i por biistel. ; Prussian bltwjwa,s' ar« dbw of sale at ; ss.- M. tier boetiel. Stall grit, is oiTerinff at %-., per ton. Poultry.—Hens, &. $4- to- 3s. per pair; rockercls, J-. te 55.; lijdi.tii RttEnei- auchs, 4s. to 55.: I'ekin and Aylesbufy ttaclcs, fc, to 75.; aafl twriiey frobblers, Is. per lb., live weight; bens, 103. to' lid. psr lb. CUSTOJK BEVEStrE. Customs duties' eeiieeted .at fho sort of Welftneton yesterday amounted to £1655 l?s. aa. KISW ZEAIiANB BtttJG.CQ. , - <By Telßei-aph.-PtMs J.wocjiuion.f . j ■ Dliiieiiin,' Jfdfck' M.- . The aniiM.l meeting ef ahareJujWerw !» "efers. Kempthoffie, ProSetr dftd C*.'s Jf.Z. Co, was held to-day.

I Tile annual report statsd that the 1ml- ! aij.ee item, last year ens £8!>29 fe Id., and ■ inc net ni-ofit fe-r tha year, ijftw deduettog lose by Hre at th-o Wostfield Woife, Aiiufcland,. Iras £13,915 ss, Sd,, inaisine a total of £S,£i? 15a.4t1. An iftfterim-dividend was i&M last ..July at tliß tout of? per cqiit. ina , iHuiiinii and this absorbed £Si 64 19s. 55.. leavte a balance, of XRO'32 ■ 15s. lliL Tile directors TCep'ntmcndcd. the psynjeftS of a divide-riS at the f-a'te of 1 per cent, per .annum, absorbing £938? • Its. M,; prorsran fer tljc removal of ■, certain bitildHigs,a»d plant ai JVtstfleM, • owiiig to tjib erciitiSß q" t>K\i vtorta. &52?5; a.n addition ol £fis to the S«ttc*h.l reserve, which, with, lite iidfotifln of J4575 from , the share fere, mlum aceottnt, \\>ill stand at' £45.1X30", afeo tliot ££-94 18s. sd, ■ Ijo : (dtfried forward.

Us'-'tasnTng , the adoption of : the ■ report, t% cfea.irjnan of iiirc«liOJ-a (Mr, Win. Brown) said that the fire at tho tV'estffeld TVorlss ha 4 cams a lose-of 'SIWI6 lfe. 7d.. . ffihe tdJioTt and batance-sfeeet trerb adopted.. The retiring directors (Mr, A. Ba.th--54*0 land Dr. OftMotr) ■ were-ro^cctM,''and the retiring auditors -were aJso re-fileokd. , enAisr MABjca.. . ■ . • . ... .-t!hristchurch,:jrafGli ?4. ..There is rio:.ch'j ; i)gD.-.to,noJe in.the local gmin market.". .Odd. ipts ol wlic.dt and- -oats cuHttiineto" chaflito'Uatrds, -blit'ttere is nd great mia«tlty of the 'formef ofer;ii|J and ISSjs 'of; oats, , : . 'fhS/Avlteat! inarlcet is, .if anything, sligbtly.■AVoaktir;iH..tj);i>tV'!i,'3 hilll' cre-aro bifj-iiiE iess :feeely./,'j?hei'o .la.e.b.een no rush of gain on tU.e njArjirt-this sein sail, d,nd ilicre tails. bfe.B ,liitl«. gfiiicalatijin to (itrasulaw 'iiislijess wing to tnefe not being ai>y.Jtkeljl<sio.d/ol a surplas.'of wheat for «port, Siifl tße proSpwis of <stu ; pi»uir ba'ts to iidiidriaj.. depende largely u])qn whetupr isß'eap'.f.reigfAfs will be a-vatiable latef in the ytdr. , . ■■Hajieyifa wry (lull of Sale, pun the*q- is'ii'cbnsjclemble naafltity or medium ared, Inlerlpf eruui eh tk- tnat» ket, whu;S : is ivcfj' diffloulf to difliosc of. Au.str.iiia.~hae not-::requirEd any JT-ew Zealam! barley 'for.-.the last two yvafs. iiM : "hk Has oyrtajlejil: the deniaiW 10 such' !tn ■ extent that .th"e...■BpiHinioii ftrops 1? mote than sßiS.ei.ent.'for reqfii-einents now. It is very diflMultNto set htdvti than ie. <t* country Sta.tipflg,: except. fur vwy Jtrinie sasnpfes, and inferior is being ejtarept as ] low as 2s. and 23. Ml- 'l%<;ro 13 i}o eaattge in tiro patato roafSot. A' few sates »;qn- : tlnue to lie made at £2 lCs. at cuujitry stations, but it Is. iwt. oxRCiStMI that taxuia. .forward business will be &<ms t'ftt the ijiggtae of tte main «rop ii? further advanced, as growers are. .generally not dfenoaed, to sell ,at presynt prldSs , . liONSOif MAIiK-EtS. The Bristol and liftnuijions 3?rodu{;er3' AssoGiatioii lias to i-eport rtcftipt .oJ cabled advice tii*t notwitliswitdi.Eg a .gltit in tiltsHome market,' owuib tio rtba-Vy a.friv:ds-i:ii London., Eatfejaotory prices ari being main* tained" iu the BritStsl aarfcefe as shoivn by the folio-wing;—l4mb: Ncu'tli Island, is faster at 6Jd. Hhftoii.: .48-56 avfrags;, Biurket is eaeisr.at 4jd<; Jiiutton, 45-72 a.vcrstgs, at <d. Ueef: , Force ar-e easier at <d.; bsei, MnSs, are easier'at 4-3-Sd. Butter is falling; fiftst grfltte, lte, Ctetse: Wlrte is weak; Hiet grade, (Sis. 6d, Jtesrs-, Gii'bfert. Anderson and Co. 'iJEcssrs. MellsOJ). Eliott and'Co, lociil agontsj.'tvritiflg under date' koadori, pebraa*y"iS, ropniit as.itHloWM oh the {.rozen uSa,i;t BtapKfet: Jlome'gTown.—Hcayy sUnplics have' frocjt market*.!., and Sfiees have eoaie do«'iiKep!; Scotch.sides, Sid; to f®&.; finsMi, %i to b 3-Bd,; jthsh, !Ji). to <M. Mutton; Scotch, Hi. to Ha.;.. >;t)g!i6H,, ra, to 7id.j iDiiteh', «Jtf. to 73,: cw(»; 6?d,' Tefs: 6t»tc& (irimH), SJtf. tfe Sd.; torge, 7ja. to «d.: Enel.ish, ntto 73d,: Eiiglish. lanih,-. >Jd. to fflii -Port, M. to 71d.-'V«al, %!'. : ' ■ ' Fr<)zc[tf.—The fiiairiet hae not fotffld lip level'yet, and jjrioes are. irregular.' Ar.rlvals f*om all sources Have hwn .plentttul. but-it; is Pleajidg. to find; the iScalani} , meat prigreees-iig mora ■ fa'Vpinratiiy ' flow prices- ,aro■ lorfi*. '•'■- .",' , '•'.. '■' Muftnr..—Ali d«se.i:it>tisriß. are 1-Q*er. ' Bc-st New Zwknds, 5&-64, 4' 5-i-Sd.; 'ordinary, 4 3-Bd.; ewes= 48-6411)., 4d.: AiiskTplia.n withers, 40-601b., Zl&.; sec.oflda.ry, itKlb., 3Jd-; esves. i U-W.; South Americftu wothers. SS-72ih., 4Jd.

Tjsuftb.—Jf.Z. holsters are eager to mU before values get (still .ivaalier; Australians are not ffuotably lowr at, present,- but Here-.is every prospect, of a dcoliriV. fet N.SU 28-36 unci 85-«-fb.,.-6 •■S-lfol.: , - orflifiary' £M.; Australians, barf, S U-I&jt j Wit (email) 53d.; iirfortor. 5 9-36 d-,; South American 28-56,-ssd.i Inferior fsina.Ri. 5 S-iefl.'

Hoof,—Thi* ha.s rttniainod unaltered sn rcrfccs, at but a slow demand. Chilled beef S good, supply. N.K. fores. 4d.i Knde, '<ia-: Australian crops, 4S. r .hinds, 4 5-16 d.; South itnerfcao tores, 4d.; Mads, <ijd.' C&iH&i bcßt.-Pore?, .«'.; Mntfe, 54. PASCA FKODtCE, IT®. 3y "Times" ana Sydney "Bui". Serdoce, '' '~ . ' . London, jfercU' 2J. A company has been forced ta tilt© <n*er ■.he Papuan tijplwr sawmill i» ttio Pacific, uudor tliD titlo of Papua Pi'aSuco jimltod. '■■■ ■■.■■■ TABWKIAj; LOAN, By Weßraph-PiroSß A6Bocl;itioii-.Goi)yriirht tonioji, Jfarch k The wndolfwnttrs received fll pdr coatam i.f the Tasmani-an loan. ' ■ . It is uluJorstood tliiii (vnly 28 per oenbiim if tlw Tasmania.)-; loan has ijcen talien U&. BEia , SDOAB. , - t, r, r- i. Lon<lon t Marplt 25. Herr P. 0. Jjieht, tho ivclHtnowii eftft.ar osperi of llflEdelmrp. hi bis nioßthly clrciHar. states that tijs production tit Ijciji fiiifeat iii Jjurono ehotos- ft floer"eii6c of 534,M0 tons. Ho ostiaatcs. Hiat'for ttio coVnpaign tiiero Will be a total gfeplati of 6060 toiis-. •