COMMERCIAL ITEMS

Dominion, Volume 7, Issue 2018, 27 March 1914, Page 10

COMMERCIAL ITEMS

■INVESTMENT SHAKES. The soles of investment shares recorded yesterday wore National Bank at £5 75., Bank of New Zealand, rights, at £4 16s. 6d. to £5, and Leyiand-O'Brien Timber at 245. The quotations were aa follow:— Buyers. Sellers. £ s. d. £ '8. d. Bank N.Z. (ox rights) .... 9 5 0 9 10 0 Bank.N.Z. (rights) 5 1 0 ' - National BanK — 6 7.0 Metropolitan. Building .... — 12 ',° 5 Wellington Investment ... — ' 0 11, 3 Napier Gas (£10) .; 15 15 0. ' — Well. Gas (£10) 16 5 0 Christchurch Meat ...15 17 6 -'—••/ TTnion Steam .(oref.) 1 0.0 \ Well. Woollen (oTd.) 4 16 — Taupiri Coal 116 — Westpcrt-Stockton — -8 4 0 T-arangamutu Totara- 2 5 6 — . Ward and Co : 5 0 0 , - W.F.C.A. (£1) - 16 0 COMPANIES HEGISTERED. The following appear in tho list of companies registered, published in this week's "Mercantile Gazette":— "Triad" Magazine, Ltd. (The), registered March 18. Office: 43 ManneTß Street, Wellington. Capital: £18,000, into 18,000 shales of £1 each. Subscribers—Wellington—C. N. Baeyertz, 60C0; D. M. Findlay, 3000; A. E. Whyte, 3000; H. N. Firth, 1: K. B. Thornhill, 1; B. J. Morton, 1; T. H. Irwin, 1. Objects: To acquire and take over as a going concern the business of printer and publisher of the newspaper known as "The Triad" and of the art and music supplements iesued therewith, together with goodwill now carried on by the "Triad," Ltd., and to carry into effect an agreement dated January 31. 1914, between the "Triad,", Ltd., and G. T. George.

Mandel and Carr, .Ltd., registered as a private company, March 19. iSfflco: Grey Street,- Wellington. Capital: £30,CC0, into 30.CC0 shares of £1-each (1 to 14,500 pref;, end 14,501 to 30.0C0 ord. shares). Subscribera: Wellington—Esther Mandel, 45C0 f.p.u., and 1000 cont.; J. Mandel, 500 and 25C0 cont.. and 4500 f.p.u.; M. A. Ca.Tr, SCOO and ICOO cont., and 6500 f.p.u. Objects: To acaulre leasehold premises, goodwill, assets, book debts, plant, stock-in-trade, etc., of N . the business of wholesale jewellers, diamond merchants, etc., carried on by Jos. Mandel, Esther Mandel, and M. A. Carr, under the style of "Mandel and Carr," at Wellington.

'. Frederic Shipman Enterprises, ; Ltd. (The), registered as a private company March 21. Office:,ls3 and 155 Feathereton Street, Wellington. Capital: £2500, into 50 shares of £50. each. Subscribers: Sydney—F. Shinman, 14. Wcllington-O. Slack, 5; K. Gilniour, 2; J. M'Donald, 2; D. M. Findlay, 2; J., M.' Geddes, 1; G. J. B Norwood, 2; A.'E. Whyte, 2. Objects: Theatre proprietors, etc.

John, Fuller; and Sons, Ltd., registered os a private company March 25. Capital: £100,000,-into 100,000 shares of £1 each. Subscribers:'Auckland—J. Fuller. 33,333. Sydney—B. J.' Fuller. 33,333. - Wcllington-J. Fuller, junr., -33,333; T.-Young, 1; all fully paid'up. .Objects :, To take over lands and premises as. set out in a certain agreement dated March 21, 1914, made betweenJ., B. J.,'and J. (iunr.) Fuller of flmt part, and C. E. Stevens of the other part. N.Z, DRTJG CO.

. At tho Annual meeting of shareholders of the Now Zealand Drug Company, held in Dunedin on Monday, the chairman, in dealing with the balance-sheet, said:—The capital paid up now stands at £256,245, together with the sum of £7410 173. 6d., the amount of calls paid in. advance, bo that the dividend will bo calculated on £263,635 17s. 6d. Tho general reserve, with the appropriation of last year, now appearing as £40,000, will bo increased by adding the amount of the premiums on now issute ot shares—viz., £4375—and tfe now ask you to appropriate a further sum of £625 to bring this reserve up to-the level figure of £45,000. Open accounts and liabilities, together with bills payable and unpaid'dividends, represent the total amount owing by the company, and stand at £50,956 os. Bd. Against this, on the other side, we have assets in bills receivable, customers' book debts, and open accounts and cash in bank amounting to £91,461 lis. 4d. The difference of £40,475 10s. Bd. in these totals is tho excess of our liquid assets over our liabilities, without trenching on our main assets of stocks, buildings, and plant. The ' book debts have been taken into account as in.former years, subject to the reserve .of 5 per cent., which appears on the other side to provide for any unanticipated contingencies. Stock stands at £186,693 —an increase of £13,291 over last year's figures. A small advance has taken place in several departments owing to increased trade, but the main increase arises in the stooks at Auckland. . The flro suddenly disarranged the usual inflow of raw material and the corresponding output of manufactured fertilisers. Largo shipments of raw material previously contracted for came to hand after the possibility of manufacture had ceased, and these have necessarily remained in etore 6iuco then waiting the reerection of the ne\v works. Meantime manufactured stocks had to be ordered from elsewhere to ■ keop the trade together and supply.the many customers who relied upon the company for their supplies of fertilisers. Notwithstanding this dislocation and change of front, the turnover has limn well maintained. Buildings, p:an;, and fixtures show an aggregate reduction of £14.049. In referring to that general reduction, however, it- should be explained that these .assets have been credited with the sum: of £2-500 appropriated for tho purpose, at .last, annual meeting. On the other hand, the cost of, tho temporary stores .required for tho raw materials arriving and to arrive has been charged up to the Auckland acid works, and that the lead, etc., purchased at a cost of £6895 has been dobited as part, of the new construction. .■.INTERNATIONAL MERCANTILE MARINE.

" According to the "Financial Timc3" the acute weakness noticeable in connection with tho whole oj the capital issues of tho •International Mercantile Marine Company, oil Nrcw Jersey, rell-acts market apprehensions regarding the final outcomo of ,the "litigation 'which ia now taking; place concerning tho liability of the owners of the Titanic to tho relatives of those who lost-their lives in that disaster, and also, of. course, to the owners of the cargo on hoard at tho. timo of the- catastrophe. The decision' went against the company in the Appeal Court, but it is unden-'tood tho matter will now be taken up to the House of Lords. Tho shipowners maintain that they are only liablo for £18,000. or thereabouts, but as against this claims esti. mated to amour,, to £2,600,000 have been lodged. The o.uestion is entirely one of law, but the seriousness of tho matter is apparent. LONDON SHEEPSKIN-SALES. Messrs. Dalgety and Co., Ltd., hav« Te-

coived cabled information from t.heir London office, under date ot March 25, reading ! as ■ follows:—"Merino' sheepskins, prices Jd. Higher. Crossbred t'liccpskiiii?, prices jd. to Jd. higher." LOXDON MARKETS. The IScw Zealand Loan and Mercantile Agoncy Company, Ltd., have received the following cablegram from their Loudon house, under date March 25:—Tallow: We nuote present spot values for tho following descriptions: Good mutton, 345. 9d. per bwt.; good beef, 355. 6d. per cwt.; mixed, 31s. 6d. per cwt. The market is nuiet. Wheat: Wo have 6old an Australian cargo at 365., c.i.f. There is very little demand. The market is. steady and not likely to improve at present. TALLOW SALES. London, March 25. 'At;the tallow sales. 1738 casks were offered and 964 mold. Prices realii3ed were from 355. 3d. to 345. 6d. SILVER. By Telegraph—Press Association—Copyright ■•..••, London, March 25. Bar silver is quoted at 26Jd. per. ounce etandard. LINSEED OIL AND, TURPENTINE. Linseed oil, £26. - Turpentine, 325. 4£d, AUSTRALIAN PRODUCE MARKETS. (Rec. March 26, 9.15 p.m.) Sydney, March 26. Wheat. 3s. 93d. to 3s. 93d. ■ Flour, £8 2s. 6d., £8 ss. Oats, Algerian feeding, 25.. 2s. 2d.;. milling, 2s. 3d., 2s. 4d. Barley, Cane malting, 2s. 7d„ 2a._ 9d. Maize, 4s. 4d.. 4s. 6d. Bran and pollard. £5. Potatoes, Ta*raanian, £7, £7 10s. Onions. Victorian, £7. Butter, selected,. 100s.; secondary, 945. Cheese, 71d. Bacon, lid. . Adolalde, March 25. Wheat. 3s. 9id.. 3s. led. Flonr, £8 2s. 6d. Bran, Is. Id. Pollard, Is. l&d. • HIDES. (Rec. March 26, 9.15 p.m.) Molbourno, March 26. The hides markets report fair supplies; kips are from id. to Id. lower, whlie others arc unchanged.