COMMERCIAL ITEMS

Dominion, Volume 10, Issue 2949, 8 December 1916, Page 8

COMMERCIAL ITEMS

INVESTMENT SHAKES. Prices of investment stocks yesterday were as follow:— Buyers. Sellers. £ s. d £ s. d. National Bank 5 0 0 - Bank N.Z. (£6 13s. 4d.)... 17 0 0 17 6 0 Union Bank — 54 0 0 N.Z. and Biver Plate .... — 2 10 Well. Invest T. and A. ... - 0 10 9 Well. Gas (pref.) - 019 'Gear Meat (£1) 4 10 0 - \ Well. Meat Export (£2 18s. 6d.) - 3 2 6 Well. Meat Export (£1 15=.) - 2 10 Huddart-Parker (ord.l ... 1 4 0 — Well. Woollen (ord.) 6 0 0 — Westport-Stockton (ord.) 0 6 4 — Leyland-O'Brien 12 3 — N.Z. Drug 2 7 6 - Toriniiki nil Wells 0 0 6 - •Cum dividend. Sale-Wellington Trust, Loan, £6 15s. (r.). GEAE MEAT CO. The annual report of the Gear Meat Preserving and Freezing Company of New Zealand, Ltd., is as follows:"Including. the amount brought for : ward, and after making allowance for depreciation and payment of interim ifcidend, there remains -a, balance of £72,452 17s. sd„ -which ..the directors recommend for appropriation as follows:—In payment of dividend of 10 .per cent, for the year ended November 30. less interim dividend of 5 pec.-cent, paid in June, £4600: in payment of dividend of 5 per cent.' from profits earned by reserve funds, less Zi per cent, naid in .June, £2300: in payment of special dividend referred _ to below, £4600: appropriation to cover liability for surplus profits and income taxes, etc., in New Zealand and Great Britain, £35,000: to be carried forward to next year's account, £25,952 17s. 5d.: total, £72.452 17s. sd. "In consequence of the company's abnormal receipts during the period under review, the directors recommend the payment for this year only of a special dividend of 5 per cent. Owing to the satisfactory' result of operations in connection with the company's insuranoe reserve, the directors recommend the payment of a bonus of 5 per cent, on the paid-up' capital out of that account. The retiring directors are Dr. A. K. Newman, M.P.,

and Mr. Harold Eeauchamp, who, being I eligible, offer themselves for re-election. ! The auditors, Messrs. E. T. Badham and E. W. Hunt, also offer themselves for reelection." Customs duties collected at the port ot Wellington yesterday amounted to £4422 Bs. 2d. WHEAT. Australian-New Zealand Cable Association. (Rec. 10.20 p.m.) London, December (. The wheat market is firm. TALLOW SALES. (Eec. December 7, 10.20 p.m.) London, December 6. At the {allow sales 1817 cases were offered, and; 1575 were sold. Jlutton, fine, 575. Gd.; medium, 60s. Beet, fine, 565. 3d.; medium. 50s. AUSTRALIAN PRODUCE MARKET. (By Telegraph-Press Association-Copyright . (Rec. December 7, 10.20 p.m.) ' Sydney, December 7. .Oats, Algerian, feeding, 2s. 6d„ 2s. 7d.; milling, 2s. Bd.; Tasmanian, white, 2s. 9d., 2s. 10d.' Barley, 35., 3s. 6d. Maize. 3s, 9d., 3a. lOd. Potatoes, Tasmanians (old), £7; £10. Onions. £7 to £9. Adelaide, December 7. Oats, Is. lid. HIDES. (Rec. December 7. 10.20 p.m.) Melbourne, December 7. Hides.—Moderate supplies and excellent competition. Rates fully 3d. dearer, especially for heavies.