COMMERCIAL ITEMS

Dominion, Volume 8, Issue 2501, 30 June 1915, Page 10

COMMERCIAL ITEMS

INVESTMENT SHAKES. In the investment share market yesterday there wan an entire absence of business. The quotations were as .follow Buyers. Sellers. £ s. d. £ s. d. Well. Gas (£10) 16 10 0 17 0 0 Well. Gas (pref.) 0 19 9 - Gear Meat (£1) 4 0 0 — Union Steam (ord.) — 14 3 Union Steam (pref.) 10 4- — Well. Woollen (ord.) 4 14 0 — Hikuraugi -Coal 0 14' 6 ■ — Taupiri Coal 017 6 — Leyland-O'Brien 119 — Manning and Co — 4 15 0 N.Z. Drug — 2 7 6 N.Z. Portland Cement .... 0 8 0 — Sharland (ord.) 12 6 — Kharland (pref.) 12 6 — Ward and Co. — 515 0 D.I.C. (pref.) 10 3 LONDON AND LANCASHIRE INSURANCE. The fifty-third annual report of the London and Lancashire Fire Insurance Company for the year 1914, states thai in the fire department the net premiums amounted, to £1,655,713 ss. 10d„ and the net -losses paid and outstanding to £918,653 Bs. The lire funds have been increased from £786,000 to £862,500,- and the sum of £98,661 2s. Id. has beeu transferred to profit and loss account. In the marine department the net premiums amounted to £235,256 Bs. 4d., and the net losses paid and outstanding to £180,849 ss. 2d. The marine funds have been increased from £187,500 to £154,500, and the sum of £33,365 17s. sd. has been transferred to profit and loss account. In the accident and general department the net premiums amounted to £908,074 lis. Id., and the net losses pnla and outstanding to £385,181 10s. lOd. llie accident funds have been increased from £373,500 to £463,500, and the sum of £101,458 17s. lOd. baa been transferred to profit and loss account. After increasing the fire, marine, and accident fund.-j by £173,500, the directors have written-off the company's investments £110, COO, and to transfer to the staff pension fund the sum of £10,000. The dividend absorbs a total ofj £141,363 18s. 3d., the amount carricd forward is £847,656 7t>. Id. to the next account.

WHOLESALE PEODDCE PRICES. Messrs. Laery and Co., Ltd., Allen Street, report wholesale prices as follow:—Fowlb' wheat, prime, 7s. 7d.; medium, 6s. 9d.; fowls' barley, 65.; Capo barley, 6s. fid.; feed peas, prime, 6s. 6d.; good, 65.; Prussian blun peas, fc. 6d.; maize, is. 6d. to 6s. id.chaff, oat-sheaf, ££9 15=. to £10; ha-y, £7 to .£8 10s.; flour, in sacks, £18: „atme.al, £24; bran, £9 10s.; pollard, £11; rioß poliord, £8 IPs.; onions, ss. 6d. to 6s. cwt.; potatoes, white-skinned table, £7 to £8; Deiwents, £8 ,10s.; bacon, all best factory, sides, 9Jd. per lb.; hams, 9Jd.; rol's, 103 d.; shoulders, 7Jd.; cheese, factory, medium, 9Jd.; linseed meal. £19 10s. ton linseed nuts, £14 ton; linseed ground cake, £14 ton; whole linceed, lte. per ton. Cu-toms duty collected at the port of Wellington yesterday amounted to £5772 2s. 3d. SOUTHERN MARKETS. (By Telegraph.—Press Association,? ChHstchurch, June 29. The grain market remains in a quiet state, - there being little business doing, and no changes to note. ■ Those merchants who liavo made sales ol potatoes to Australia are obtaining permits to fill the contracts entered into, but further shipments will be prohibited. In the mom time there is no business doing wit-h growers. The nominal price is £5 to £5 55.. at country -stations, but there are no sellers. The North Island is still refraining from making any offers, and locol business is thorefore suspended. It is reported that crops now being dug are not turning out too well, probably having been affected by the recent severe frosts. Onions are a little firmer, and ore now quoted at £3 to £3 ss. at country stations. An Engish magazine contains an interesting article on the on.ployment of machine-guns, especially of the lightor type, by the Germans. They use them as offensive weapons, for sniping purposes, to flank a trench firs, and in various other situations hitherto looked upon as beyond the power of a- ma-chine-gun. The gun is a marvellously powerful arm in the hands of thosn wio know.how to use it. It is a nerveless weapon. Its fira is consequently more accurate than that of the rifle, Its volunio of fire is enormous, and is entirely under the control of one man; consequently it. can he diverged to right ar to left at will, while rifle fire from men in action can only, as is well known, be directed to their front. There is as much difference between machineguns and infantry fire to-day as there was between light infantry and heavy infantry fire a hundred years ago. The annual report of tho Poverty Bay A. and P. Association, which is aieeting to-day, states that many improvements have been effected during the year on the present show grounds, tho most important of which has been the erection of new draught horse stands, the same being erected with good hardwood timber, and accommodate comfortably the large entry of draught horses, which was much appreciated by exhibitors. With regard to now show grounds, a good, substantial boundary fence has been erected. It was thought at the time of our lant annual meeting that the Government irmild take the ground for the purpose of establishing an experimental plot, but owing to the war, etc., tho matter has been allowed to drop. Put your faith in the penetrating, gorm-killinf: properties of "NAZOL," and your cold will soon disappear, 60 ISi