COMMERCIAL ITEMS

Dominion, Volume 7, Issue 2113, 2 April 1914, Page 8

COMMERCIAL ITEMS

INVESTMENT SHARES. A sale of National Bank shares at .£! 6s. 6d. was tho only transaction in investment shaves yesterday. Tlie Huotation* were as under:— Buyers. Sellers. £ 6. (1. £ s. (L ! Bank Sevr Zealand 9it & — ] Bank S.Ti. (rights 510 - I Metropolitan Building ... — 22 6 0 Wellington. Investment .... — 611 3 Well. Trust and Loan ... 7 6 0 ■- Gisbornc Gas ■■- 2 2 9 \ Napier Gas (£10) 15 15 ft . - Wefi. Gas (£10) 36 6 0 — Christchurch Meat 15 17 6 — Union Steam (prof.) ,— 10} Well. Woollen (ord.) 4 16 - I Tnupiri Coal J 2 3 — Westport-StocUon — Hi Leyland-O'Brien — 1 'I 0 I Taringamutu Totara, 2 5 6 Golden Bay Cement. 0 li 9 ■— Ward nnd Co 5 0 0 5 1 ■ i ' W.F.0.A.; (£1) - 1 6 0 ! KAURI GUM, Improved methods of operations ore destined to revive the gunvsLtegins iodiwtry. For some time past , it has been free-1 ly uredicted that the industry was near its { end, as the kauri gmn ifcposits wore ex-' hausted. Tho gum-digger of yesterday was merely a "fossio'ker," jinjl yet with fiumspear and spade he mads goo& money in securing the gum near tho. surface. The operations to-day ore narriqil <nrt jiiol'c methodically, and in. quite a different way, Now deep drains are cut in uiftiiy, swamps where ancient Hauri forests ttourishod, and f.lte digger's delve or dredge tor the , amber i Vs«ea«ttt, \i\\\iA\ is .oftav fe\uii( in large | ' Quantities ton end HfteM* feet; ajid oVsmi decvev dowu under the peal and mud, In : wno Vao gtcioA: ?,\;am-sis &% XOTttitiJu Wai- I roa there are about live Jiundi'cd men 'working more like nareics than, gumdiggers, and their weekly g«m -wyMuilES ' I aggtosoAc IS, tons ot a, \»l«s o£ £SfflW. f key I I i>ay a. liandsomo royalty' to tte ]nv4owners, and with it all make o. fairly sosil I VivinE. oi \\\cso toc» TO ottaV\oA4 I and Dalmatians, vrlw liarc iisA tin og-tkui-tural training, and aro.anxious to eetxk down on farms. Thofe who • have secured : holdings are l successfully ifflprovfns! their properties.. and clearly demonstrate Jlmt they <yre the right stamp o£ men for Kow! Zcalaud. EXPORTS OF PEODTJCE... Tho valuce of tho nrinctpa! products exported from New Zealand during tho month of February have -only just been published by tho Department of Agriculture, and the delay in tho eppcai'ance of tho tables dotracts considejahly from their ■ usefulness. Tho flenres, compared with ; L those for February, 1913, are as imaer:— " Feb.. 1914, Feb., S«. Butter 365,433 354,728 Chceee 866,402 ■ 431.615 Beef 65,545 32.993 . Mutton, carcasses ... 831,753 245,3i9 : Mutton, legs <t pieces 3,510 o,^o Lamb 24,3.430 270,451 Wheat ' U 6? Oats 876 9,1i3 Potatoes '. 419 435 Hemp 70,416 78,50? Poultry, rabbits, etc. 1.169 Tow 5,131 6,433 Kauri gum : 61,633 51J.58 Grain, and pulse 1,K3 . 7,433 Hons 825 24 Hides 24,031 21,123 Skins MM , tf.m Tallow 65,120 59,354 Timber 20.017 S?.D!9 Wool 1,559,te 1838,133 Gold 125,758 • W)ss £3,2!4,6J6 £3,629 5 T53 Cusloms duty collected at, tho port of Wellington yesterday risiounted to £1503 &. Id. NOTES. Of tlie amount of mercantiio tonnage owned by Great Britain, n@ less tbnn 752,587 ■ tons gross were Iragsfsrred fast year to foreign natione, aocovciing to returns published by -tJir; registrar of shipping. The largest customer was Italy, with 132.324 tons Japan censing next with 126.053 tone, and Germany thiri with 77.175 tons. Kearly all the seltl to foreigners were steamers, only 47' sailiag veseele. of 37,809 tons net, changing bands. In addition to sales abraaii, ITI tte.-tttiers. of 239,045 tons gross, and 266 sailiisg vc»eels, of 35,221 tons net, wert« removed from the register through beiftf? wrecked, oj , condemned, while 29 steamtr-s, of tana, and one sailer, of HIS tons, were transferred to the colonies. Ditfiflg the year the additions to the register were (!13 steamers, aggregating hma gross, and 162 eailing ships, cf 58,612 tons net, or a, total of 975 vessels and 1.513,694 tons. After deducting tho removals, the net, addition .to the register of the tTttited KW ilom last year was 442,458 tans, which compares with 343,127 tons in I*l2, and i<7.310 tone in 1911.

Statistics of emigration from the tJaited Kingdom lor 1913, as published hy tlie British Board of Trade, reveal no indi* cation of a slackening in tlie outward flow of population. The figures eljow, on Ills contrary, that the tide is increasing, me fewer than 284,700 persons previously" resident in Great Britain having left England during the twelve montlis with t!ie intt»v tion of permanently in otljof paita of the Kmplrc. The total mEntioiied comwares with an approximate dt'lnx of 268,506 in 1912, 60 that it renresciiti aft increase of 16,200 persons. The number of em'i(rrantf! whoso destination was .nivefl as Canada was laet year Wi5,900, sr, against 133.6C0 in 1912. Australia, and Xev,-' Zenland were named as the countries I'or whi«h some 71.CM cniicranls- saitevl, whilit 10.9C0 went to British Scfflii Africa sntt CSOO 't-o India, and Csyloß. In tlj.D ca»e rf Australr,,-ia, tlio latest (lsm-ea tlisclos.> a. rlecreasij of about 9?eO, but for Sou Ml Africa there was an istprevoment of UCO over the 1912 total. The tendency is.n tts nort of eini;raut3 from the TJiiitori Ki»jjdom to establish themselves i« o%hn purts of the Empire in prcferonAe to foraigii t-ouil-trift; is a consi)icnons feature ef the la(.s'-3t returns, though in k<33 foerea than in'ivcent, year?, as ie shown the faet that the United States proportion of the otrc.tm in 1913 iiDdcnrent cxDa;Boson te the cst?Ht of over 50 per cent, when e-amiiarett witii its share 111 the immediately preceding year. Tlie growth of lnisceliancous business (l t "Lloyd's" during recent years has l.Scj;i) such that it is realised saind method inuit be devised for resnlatißß ii eliss of insurance, over which the efnsiiiittoe Tass at prei+ont little or no coiitrol. Tbo dsposit of .£SOOO nor imdenvriLinfj member now exacted is intended to notato only to marmo risks or busincea (wisin(- tlierofroni. For a, long time past cnorrtiou's sums liavo been written 011 almost every cta«e'of ronfiligency, and it is with it view of r<ipesiiising tliia state of affairs that <in alteraUnn ■of the guarantee of eofvoncy of mewterj J« cpntomplaled, which witt otnlsvace the entire institution. The Brat step 1/1 i.}\ji f OB . nection will reader it iteeesaory for UKdc'. writers to pay a proportion t>? their v i)rcmium iuco'mq into a tntat fund wintmllctl by the cominittcc. to bo h«ld bj- them until tlie membci-a retire, tiio intention Ueing that them shall always, be nvailablc at lenst the eouivalent of tivelve .nioni.l;,? i pi*. miuine in the event of a.u «tuergouoy. Ty this means it i? anUripaJcd ihiit i veV«- j large siiui will be aoonmnlateil vvHluti a : few years. This provfeion will remlef , necessary one or two other miimr «hai:"w, i which, however, it is uTm.iK.'e.'.si.try to "(le- ■ tail. Tlie main point is iittil it mat tor i which it has long been felt in exjseH circle* required the attention et tlie ramnjU'tce of one of tlie most powerful cwporalioits i'n the world is now beins talieo Su aajid en a ]

basis whicU is generally approved aa »oi nil end businesslike. U'Uo eoiillitcnoe of An public in the financial roes-tais iulopK , " «t. Lloyd's Jβ too great to raiuiro «H-cn«rM»eii-in;; iiDv-orthi'lcpg, those ttho ilo Miuifoh vtit-h that institution will «i>j>r<!ciitln Urn Istrt that the f onninUtc. are iilive In th'J necessity, of altisrinif Uiclr rules anil regulAtiens Ivoju time to .t-iiwo i' l itcrord-iiiu-e with the chatting rendition* ul the b<i-;i. neve which they are appointed In supi'V vise.

I'EOVIKEST MFI3 ASKUKASCE. {By 'Megraph.-l'Tesa Association.) Difoodiri, Apfll 1 At the animal meeting ol I.Ue I'rovlileul Life Assurauco Company. »-'«« rhoirmou. of directors <Br. Kobcrls) conEWUiiatol shnrwhoitors on the successful year, in U>« ordinary ftraach 6»3 pi-onnswfo vrejn cm toplcteil, t.be sura nesured belnij X 91.911, iliwi in the industrial branch 11, Ml ««* »olJ«hy tvero issued, nssufiiii; JB3SB,MO. \n llin ordinary ftrautli the eroeii pNmilitnm U.inonntcct to OTSB 3s. 6d. Tl*o nwmlil.y for Iho lost two yctife lino li(!i»n 50 per cent. below efljeeta-Hoiiit. Tim toUil «f chin settlcnHMts was £10.713 4«. 4rt. 't'hs total inoflme for the y»r who j;>2,OT.J 3s.'' 10d.. and tho funiln t-o-duy fibxlHkA £'OjM. 'J'iid report W(i,s (ldMitflil, I'BOSSEN MEAT. . Messrs. Gilbert- Anttursoii. (Mid Co. (MiWH. SMleep, JMiott, *n<l Oa.. lowi.J njJcntH). writins under (fete tjtmdou, Kobraary UO. re> port in fuUow'a en tho frozen went market;™ : ' HoiHH-grown.-— As ih coHKftqiiciHH* *ii sill* ■otter outfrrwiU of foOt-ainJ-inoiilll (Hbmiwi in.'lreland the importation of Mull. iruf-Uf. for the meantime has crassoil, o-iiu bocf i>! in shorter supply. Scotch siite", KHI. to Td.: English, M-d. to 6Jil. Mutton is (i. Mow so-lo a't-ScotcU. 74(1.: KnuUsft, 'ftl. to 7»i1.: ewes. Sid. to SJil. 'ity-s-Sceteli, -small, Crt. to B».d.j largo, 7Jd. to til.; KiiclM* limib, 10d. lo U<S.;' veal, ad. to 'Slil.; liork, 6tl. to ?d.

Frozen JlultoM.-AHlioMgh iirioi'S liavn beci-i lowered, and th* deinniitl, lliftrrfSWi, innrtmslng, ntipplica to hn.nd «t« too jtloHtifn! for valiiu to reffitt-ih alcttdy. llcsi. New Zealand sheep, 56-64, iljd.j ordinar.v t 56-64. 4 3-Bd.: owed. 4-iLi Australian wethers, 4(toO, M.i *ei-α-ud' quality, 35-55, Jjid.j <-w«n, 3 M-lfld.; Smith Amcri<m7i «-ot.h*r"s, 66-72. Aid.; grades ever 72)t>,, JJd. . Lamb.—Aided by a Riiofl duhiai-lii, the tendency to vicoreuply push iho sa-ts o! Kew SicalO-nd lamljft at, loirer prices liftß cciK*d. and the test- (inalitiC'S fnitobi firm at Hit prices. Seeemdarv quojitie.i. hew-' ever, dome into competition with , A ! nstfa> fians, and ttfo .'rt. lower. Rest Now Kea> !o.ads. SS-4S, & 5-lS(i.{ ordinary. 25.42, fit!.; best Austi-aliflTis, 28-42. ijfl.; fair, u-35, 5 11-lfid.; inferior, 6 9-IM,; South -Amcrtaatt, 53.-36. m.; 3642, SJn. Berf.—ThoTe' ftos bfen * good inquiry, And Tallies .ire firm at last prices, with in iiu>reise in Australian niutto. New Zonliind fores, >.ii..; hinds, 4!d.; Atistrallan ernpe, 4.J.; hinds. 4 3-Bd.; South Ameri-con, forfw. '.a,: hines. Jjjd.. Chilled ficcf.-Foreif, 4Js!.; hinds, Sjfl. SVDMS'y WOOL SAI.ES. By TcleßrapJi~?ress A©;HiciaUoti-»-OopyviEto (Bee. April 2, 1.16 a.m.) Sydney, April 1. At Ui« wool spies, e-ampcUUm was sirens as compared wit httie Pobruary market, and prices stwwed a general adv«JM« ef Seoureds rsach'ed . -<!, rcepyd of 33d., wllieh ka-s not bc*» eeojifed since the 1910 Etft'SDU. Greasy sold to 45d. FINASOIAb CAI!tE6kAM.3. tendon, Ifai-ch «1. Yesterday's cJosinc? euotatKriis tvero as follow !— Bank of Australasia, buyers £117, sellers £11?. Bask of Kew Snat.h Wales, buyers £0 lSs-.'seMcsrs £41 15s. , Bank of Victoria, DUyers £4 Ms., sellers «4 19s. Union Ba«k of Australia, bH3 - «rs M&, sellers £57. B«ijfe of buyers £5 2s. 6d., seller* £5 ss. Katiftnoi Bank ni Now Z-eilandj buyers £4 155,. sellers #5 fe. Hfliik ot Kew Zfttland, roiddlo price £910s, A'.Z. tiOii.n <i.na JthtfcanUio AsWocy 4 &er ccat. dcbctoweia, S9l. Oity of MelbautEe, 4 per cent, liebsil-ti-ifies, £{00, Melbourne Satbour Trust per-pent, ita l , SSI iletboarttt Tr&miray Trust, fy tier cent dehuntuws. £Ml, TAcVBoWTOe alia 'Eota-S; ot Works. 4 per cent, debentures. iSS. iS.U6tfa!ia-n Mcrcatttiis Vobeutures, JS93 t&s. £93. . ' - ' BalSety end Co.'s eieAss, buyers j£s ?.". 6ti.. eollMs £& 7e. t.4. JKoHwnrfte Cits Co.'n detenturee, £iW. City of Sydney. £99. ' • GoMabroßSh. Jtort. and Oo.'a ecicaturca £95 10s.. Bnnt of Soir Zciland, 4 par cent, guafanteftd stock, £109. PATBHSOK, IAIKG, A3fD BBtTGE, 1/TD. Londoit, March SI. The firm of PatE-rso-ji, liatng, and. Bnre*, itd., varehdu6<nnen< of Melfetirne.. Sydney., and Jjondott. has declared ail interim divi(lend of 6 per cent.' WHEAT. (E-ce. April' , 1, M.lO p.m.) • London, April I The wheat market is slow. Australian's ore Seilig held «t late price-s. THE Mfil'At, JUKKETS. (Rec. April 1, 10.10 p,in".) London, April 1. Gftjip'Gi''.—On spot, iE65> t-hi'eo months, £65 fe. 93.; eketrolytic. 46? Ms, tln.-On spot-. -JSJ73 Sβ. j three manUis, «75.licad, £18 fc.