COMMERCIAL ITEMS

Dominion, Volume 10, Issue 3194, 19 September 1917, Page 8

COMMERCIAL ITEMS

I INVESTMENT SHARES. quotations for investment snarcß were as follow:— Buyers. ■ Sellers. m.- , „ 4 £s. d. National Bank 5 2 6 — Bank N.Z. (old) 12 2 6 12 6 0 Loan and Mercantile ~ , (ord. stock) ... 78 0 0 — Well. Investment — 011 3 Well. Trust and Loan ... 510 0 — National Insurant — 3 10 N.Z. Insurance 7 14 0 717 6 S.B. Insurance 6 14 0 — Auckland Trams (ord.) 110 — Huddart-Parker (ord.) ... — 113 3 Weßtport. Coal ...: 18 3 19 0 .Shariand's ordinary 18 0 — Colonial Bugar 22 12 6 U 1 1 Customs duties collected at the port of Wellington yesterday amounted to £2418 GOLDEN BAY CEMENT WORKS ANNUAL ■ MEETING. The annual meeting 01 "the Golden Bay, Cement Works, Ltd., was held in the Chamber of Commerce at noon yesterday. Mr. Charles 11' Arthur, ohairinan of directors, presided over a fair attendance of > shareholders.-

The chairman, in moving the adoption of tho report and balance-sheet, said that on the whole the year had been a fairly good one, when It was considered that tho war was holding back the number of buildings erected. Thorn had been no serious labour troubles at the r.orkß.

lho .directors' leport stated that, after providing for depreciation, -the amount to the credit of the profit and lobb account was £10,079 os. 3d., whioh included a balance of £5744 9s. sd. brought forward from the previous year. Tho board recommended that a 1 dividend of 5 per cent., which amounted to £3000, be paid for the year just ended, and that the balance, viz., £7079 os. 3d., be carried forward. The chairman's formal motion, that a 5 per cent, dividend be paid, was passed. The retiring directors, Dr. 0. Prendergast Knight and Mr. Qeorge Wilson, offered themselves for re-election. The meeting re-elected them, and also the retiring auditors, Messrs. E. Bucholz and D. R. Mellzies.

' , ETJBBER SUPPLIES. The demands of the rubber industry upon the special accommodation provided for it at tho Loudon dock, states tho Port of London Authority, show no sign of abating, stocks being heavier at the present time than a year ago. Deliveries appear to bear but little relation to fluctuations in tho price of the commodity. Among facilities provided lor its handling may be noted the rccent uso of a mechanical conveyor for the transport of rubber' direct from barge to the largo show rooms, where the packages are sampled and their quantities verified. Tms means ■ a considerable saving of labour. Some of the skilled ■ assistants formerly employed by the Port Authority in the rubber show rooms have been called to the colours, but their places have been filled by others who in many cases have speedily proved themselves adaptable to the work; In. the vault beneath the show rooms, which is between two and three acres in extent, the rubber which iB not wanted for immediate is kept in a cool' and consistent temperature. The Quantity now stored in the vault scarcely suggests that London is in any danger of ceasing to be the principal market for this commodity. The bulli of the supplies is plantation rubber. Imports of wild rubber nowadays are negligible. THE METAL MARKETS. Anstrallan-New. Zealand Gable Association. (Rec. September 18, 7.30 p.m.) ' LONDON, September 17. Tin.—Spot, £246 7s. 6d. per ton; three Months, £244 10s. 1 Bar Sliver.—s2d. per oz. standard. Other metals unchanged.