COMMERCIAL ITEMS

Dominion, Volume 9, Issue 2758, 29 April 1916, Page 8

COMMERCIAL ITEMS

■■-.'■■. INVESTMENT BHAKEB. ', :. / - .. •yesterday's Quotations for/investment '.fcharo3 were as under:—: ;' -. ' Buyers. Sellers. :, £ s. d. ..£ s.d. National Bank ; 5 2 6 — Bank N.Z. (£3 65..8 d.) 1.. 10 14 0 Well. Dep. and Mort. — , 0 9 0 Auokland Gas-(paid) 1 9 0 —. Napier Gas (£5)..... ;....- 8 5 0 : . —. Well. Gas (£10) ;;.. - . 15 10 0 National Insurance ......... 212 0 — , Standard Insurance ......... 118 0 ■—..' N.Z. ■ Shipping (ord.) .' 20 0 0- ' —'.

Union Steam (ord.) 111 0 — Union Steam (prcf.) 110 . "~ Well. Woollen-lord.) 5 7 6 - Well.. Woollen (pref.) 3 3 0 . - Westport Coal --•• ;. 19 7 . 1-9 ■» Leyland-O'Brien • J K 6 — Golden Kay Oomont 1 1 3 •Sharlaud (0rd.)■:.... -... ~ ~ •'Sharland (prof.) 16 0 - W.F:O.A. (£5) ■ 5 17 6 •-> 'Ouni iliv. ..■•.■■■■

COMPANIES REGISTERED, < .'mro "Mercantile' Gazette," published yes-' terday, records tho registration of the following companies:— '~,,. , Trinton Sohool, Ltd. Registered March 3.- Office: St.' Aubyn Street, Hastings. Capital: £550, into 550 shares of £1 each. Subscribers G. F. Roach, 50; D. F. boannell, -50; J. S. M'Leod.so; H. N. Stewart, 60; R. Pinckncy, 50; M.- O. .Nairn, 60: H. N. Fowler, 25; F. S. Oandy, 50; V. E Thomeon; 60; H. E. Andrewß, 25; J. 0. Toss will, 50; 11. M'L. Campbell, SO. Objects: To carry on a college or colleges for tho education of young people., To study all 'branches of eduoation. .- ;.'Pateison, Mossmau. and Ob., Ltd. Registered iso'private company March 31. Office: Market Street, Napior, Capital: i£7690, in 7500 shares of £1 each.. Subscribers: G. Stubbs, 20C0; H; A. Mossman, 1000;-. J. J; Cassin, 4000; R. B. Holmes, 500. ;objects: To acquire and tako over «s a ;golng -concern the business of financial, 'commission, 'and, insurance agents (in all their branches) ds now cairiod on by Peterson, Mossman and Oo,', Naipier. Customs duty collected at the port of Wellington yesterday amounted to £3278 !lss. , - -' .- .HIDE. AND SKIN, SALES. '.- .. ' The fortnightly sales of wool, hides, and skins were held yesterday by. tho various brokers ' ' Messrs. Dalgoty and Company report that Uho iprices for all produce, as compared with laot sale, were well maintained. The firm has now definitely' decided to hold the next main wool solo on Juno 2, when the first winter crutehingß solo will also be-held. . - .-. , , ■ : • Messrs. Levin and 00. report only a few fadgee of-wool were offered. Wool-is being held for the heit sale on Juno 2. The sheepskins ' showed an easier tendency to the extent of-Id. Cowhides were generally"ld. to : Bd.-easier, and hides, with the exception of special stout, heavy linos, showed a drop of *d. to 3d. ' Messrs.; Abraham and Williams, Ltd., report that competition was keen for salted skins, which" . sold at advanced prices. Hides were/Jd.. to. id. lower. ' The , rest of' the''ratalogue';-sold on par with, last .sale rates.-. . ' ■ i •' : The -Now Zoaland Loan and Mercantile Agency Company, Ltd., report that. only small catalogues were presented, -owing to the.incidence.of Easter holidays. The'firm' submitted'a. small quantity of oddments of wool.-all bale lots being held for next wool sale, tb.be held on Juno 2. Tho demand was good for all lines offered, and prices bid.were about equal to last sales .for -wool,-about 3d. down-in skins and hide 3. Tallow is eaeicr on account of diffl■oulty in shinning. Messrs. W. and G. TuTnbull and Co., Ltd., report that competition was good throughout the sale.. Prices for'wool and sheep, skins were on, a par. with-lost sale, while hides were elightly easier, being frogj. Jd, 'to'a-}d. iii buyers' favour. . :;,The N.Z. Farmers' Co-operative Distri.bnting'Co., Ltd.v-edvise that for any good clear lots of wool on offer' recent values were; maintained,-: but seedy and inferior It>ts were rather neglected. Tho sheepskins, market is steady, at about lato rates. Tho hides, market is weaker compared with the rates ruling a fortnight ago. cow-and ox hides being Id. to 3d. per lb. lower. It is expeoted that the Australian Government will shortly be fixing prices for.hides,.and SH's has caused a slight easing off in values here. The range of.prices was a.s under:— Sheepskins.—Fine crossbred, 10id. to IOJd-l medium, coarse "orosshrod, 10} d. to 10jd.; short to half-wools, 7d. to 93d.; dead and damaged crossbred, 4d. to 9Jd.; inferior and badly damaged, Id. to Bid.; lambs,-9d. to IOJd.; damp, salted, and green; 3s. 7d. to 'Bs. -6d.; pelts, 4d. to 6d.; lambs, salted, ,3s • to 7s. ■■;.■'.. Hidos.—Ox, heavy, lid. to 12d.;« ox, medium, 10Jd. to HJd.; ox, light, 91d. to IORd.; cow, medium, 9|d. to '103 d.; cow, light, 9Jd. to 105 d.; cut, 6lippy and inferior, Bd. to 9jd.; bull, stag, 63d. to BJd.; yearlings, BJd. to. 9id.;' calf,, superior, lOd. to 113 d.; calf,, medium'to good, 9d. to Hid. calf, damaged," 6d. to.9Jd. - s Tallow—ln oasks, 255. 6d. to 285.; in tins, etc., 225. to 255. : Sundries—Kabbitskins, BJd. to 9d.; eow tails, Ms. . ' . SOUTHERN MARKETS. .' By Telcsraph.—Press Association. Chrlstchuroh, April 2». Business in the local grain market Was been very quiet since, tie holidays. A fair amount of Wheat is offcriJlg, , mostly Tuscan, which Is not in very keen demand Salet have chiefly been at. 4s. 2d. Others have taken place at a penny moro or less, according .to aoaHty.- Hunter's ie not iplentiful, and is quoted at 45." sd.:'to- 4s.'6d Pearl is reported to bo scarce. A good lino would realise 4s. 9d.'to «s. lod. <w ci.'Untry stations: Tho oats market is dull, especially for feed.lines. Inquiry is good for Gortons for seed purposes. Oatsheaf chaff is 6till .dull of sale. ' Potatoos ore easier. A : considerable ■ ..quantity . has changed hands at £4 at country stations; £4. ss. is the outside price et handy stations" Peas are scarce. : Owing to. the high- freights there, is -little demand for export. Some, shipments were: mode to Australia. Butter has advanced Id. Local factory is Is. 6d. wholesale, less discount. ■ COLONIAL \ SUGAR' COMPANY. ■:'' By Telegraph—Press- Association—Copyright IRec. April 28, 9.35 p.m.) Sydney, April 28. At the annual meefings of the Australian and the New Zealand and Fiji sections oi

tho Colonial Sugar Company, tho reports, which were adopted, showed for the Australian section not proflls for tho year ended March 31, £261,250. 'Hie interim dividend in October absorbed £105,625, leaving £155,625, to which £255,472, the unexpended balance, must be added, making £291,099 available for distribution. A dividend at the rate of 65 pbr cent, per 'annum was declared, £200,000 was added to tho reserve fund, and £85,474 carried forward. Major Onslow was rc-9lectcd a. director. ] Tho New Zealand and Flli. section, showed net profits of £328,830, the .Interim dividend paid in September absorbed £97,500, leaving I £231,330 for distribution, which was appropriated as follows:—Transferred to dividend rescrvo fund, £100,CCO; a, dividend of 6 per cent, per annum on both ordinary and preference shares absorbing £105,000, leaving £26,330 to bo carried forward. 1 The chairman stated that a satisfactory settlement had been reached in connection < with the sugar bought on behalf, of tho Federal Government. No works of importance were proposed to be undertaken during .the' currency of the war, the high price of material and labour, and the difficulty of procuring machinery from ' England for the present forbid any exten- : sion ..of the - factories. lie hoped the new steamer to replace the one commandeered by the Admiralty' would be ready for tho 1917 season. .. A.5t.P. SOfflETr. - . (Kec. April 28, 10.45 p.m.) Sydney, April 28. At tho A.M.P. Socioty's annual meeting the report was adopted) Tho directors were re-elected. Tho Hon.. 0. J. Johnston, New Zealand' 6 representative, was unable to be present, owing to his Parliamentary duties, but the Chairman stated no had been requested by tho local board to intimate that never in the history of tho Dominion hind the; society been more prosperous, or showed a' more satisfactory financial position. The new business of the year was tho. largest in tho 'history of tho branch, and that investments wore in a satisfactory condition, as was evidenced by there not being a penny of interest outstanding at tho end of the year.. BANK OF ENGLAND RETURN. (Bee. April 28, 6.30 p.m.) London, April 27. The Bank of England return issued for the week ended Wednesday, April 26, is as under:— ■ Issue DEPAniaroT. Note Issuo £76,30-2,000 ; Gov. debt ... £11,015,000 .Other securities 7.434,000 Gold 67,853,000 £76,503,000 ' £76,302,000 . Banking Department. Proprietors' Gov. sccuvi- • capital £14,553,000 ties... ... £33,188,000 Public de- lOthersecuriposits .... 61,732,000 ties 83,307,000 Other deposits ... 85,472,000 Notes . 42,199,000 Best, 7-day • and other • '.'.., bills ' ... 3,109,000 Coin-...:,., I" 1.072,000 £164,856,003 .• £164,856,000 ; The l«ading items of the Bank of England return afford the following comparison i"~ '- This week Laßt week Lastyear Bullion-....' ... 67i853.b00 56,899,000 54.065,0C0 : Keserve ... 43.271,000 42,383,000 •30.070,000 . Noto Circulation 34.103.000 34,03-2.000 34,656,000 Public Deposits -61,72-2.000 50.179,000 132,007,000 Other Deposits .85,172.000 66,616,000 87,030,000 Froportionof ■ reserve to liabilities ' . ,29.39. 29.10 17.67 -' . GOVERNMENT SECURITIES. The following are the latest quotations for Colonial Government securities in comparison,with those ruling last week:— N Variation Stock ''■_.'' compared ■ . ■ . • , Price. , with '-'- • ' ■ ' laßt week. ■£■ s. d. 25% Imporial.Consols 67 2 6 o/r lower - 3j,, War Loan :. 87 19. 0 2 /6lowor 44 „ War Loan 96 15 0 2/0 lower 1 - „N.5.W.1033J&n.-July 84 2 6 ofclowor 55',.N.5.W.1030-60Mr.-Sp 05 lo"0 UnJhanKod 3J „N.S-W. Early Curr 7012 6- Unchanged' A >„Vio. 1920Jan.-Ju!y 94 2 6 2/olowor 3j „Vic. 1921-6 Jan.-Jnly 84 5 0 Uncbaneed 3 „Vic,1920-49Jan.-July 63 0 0 5 3 lower |K,8,A.-101ffJan.-July 7210 0 Unchanged 3 „S:A. 1816 Jan.-July 58 5 0 Unchanged i „Q'l'dl9ls-24Jan-July 90 13,6 7/6hghor 3J „Q'rdl92-2-47Jan.-Julj- 87 0 0 .-fahigher 3 '.•&'^ I ,^M? 0 V uly 03 «■ 6 ; 20a higher . N./.-1020 May-Nov.' 85 2 6 Unchanged J" N.Z. 1912-40 JanJly 72 15 0 Unohanged .3 ."N.Z.-1920 April-Oot 63 17 6 -55 lower 31 '-W.A 1915-35 M'y-N'v -74 5 0 i(i« higher ■ 3 "W A, 1915-35M'y-Nov 68 12 '6 7/6highor 3j "Tas 1920 Jan-July 72 12.6 '12/(i higher 3 "Tas 1020-40 Jan-July 63 10 0 .Unchanged The Irish-rebellion has. had, little effect on the Stock Eichange/init business is rather hesitant. MONEY MABKBT., \;- Tho'Bank of Englana discount rate waii per cent., on January 22 It was reduced to 4 por cent., and on' January 28 3 per cent On July 30 the rate was raised to 4 per cent., and on July 31 it was raised to 8 per cent., and on August 1 it was further advanoed to 10 per cent. On August 6 tho rate was reduced 'to 6. per cent., on August 7 it was further reduced to 5 per cent., at which, note it now stands. - / . Tho Bank of France rate is 5 per cent., as against 4 per cent, prior to the war. . ' OPEN MAEKET RATE. Tho open market discount rate for three months' bills is 4 9-16 per. cent., as com. Dared with 4 9-16 per cent, last week, and U to 3 por cent, last year.. Short loans are quoted at 4 por cent., ha against 4 per cent, last woel: and S per' cent, last year- '■ COLONIAL AND OTHER PItODTJOE. Wheat is quiet and unchanged. Flour'is iirm. Australian' landed Is quoted -at iy». Cats are firm. La Plata, none offering. Peas end b'eans are firm and unchanged. Butter.—Colonial is firm. Hie Mongolia's choicest salted realised- 1565. to ISBs.; unFalted. l l6os.; secondary, 1525. to 1545.; New ealand,. 1635.. to 1645.; Danish, about 170s. . Qheese—The market is vory firm. Now Zealand is Quoted. at 108s. The Government is leaving litUo ,for the trade. Sugar is unchanged. Bradford Tops.—Tho market is oheerfiil, and there is'more inquiry for all sorts. The quotations axe as follow:—Sixty-fours, 45d.; suipcr sixties, 44d.; common -sixties, 43d.; fifties,. 37Jd.; forty-elxos, 28d.; forties, 26d. METAL ■ MARKETS, Copper—Forward, £128 to £129 10s,; electrolytic, .£l4l to, £143. Tin—£l96 10s. and £196. Pig-iron—62a. 6d., nominal. Spelter.-Spot, £103; forward, £95. Silver.—33d. per ounce standard. Tho rise is-due to tho scarcity caused by tlw large coinage purchased, and - also owing to non-arrival of anything from America, The week's Btoclt3 in London have been reduced to under half a million, of which speculators hold a'large portion.