COMMERCIAL ITEMS

Dominion, Volume 11, Issue 41, 12 November 1917, Page 8

COMMERCIAL ITEMS

INVESTMENT SHARES. A 6ale of Bank of New Zealand (new) at £17 10s. was reported on Saturday, and a sale of West.port Coal at 295, 6d. was made on 'Change. Tho quotations were as follow Buyers. Sellers, „ . ■ £B. d. £s. d. National Bank — 5 8 6 Bauk N.Z. (old) 12 5 0 - Bank N.Z. (new) — 17 12 0 Union Bank — 5510 0 National Mortgage 3 17 0 N.Z. and Biver Plato ... 1 16 3 — Well. Investment — 0 It 3 Well. Trust and Loan ... 5 15 0 5,17 6 Wellington lleposit 0 6 3 Christchurch Gas (£5) ... 6 0 0 — N.Z. Refrigerating (£lOl ~ 19 15 0 Huddart-Parkcr (ord.) ... .113 3- 114 0 Westport Coal 19 3 19 9 Westport-Stooklon 0 8 5 — Leyland-O'Brien 16 6 — Banks. Lid. (prof.) - 10 0 Golden Bay Ouinenl — 0 liJ 9 Mammoth Molybdenite (£1) .j 012 6 Ward and 1 Co. — , 512 6 NATIONAL INSURANCE CO. The balance-sheet of the National Insurance Company of New Zealand for the year ended September 30, shows that tho 'fire, marine and accident premiums, less reinsurances and returns, amounted to £157,455. The losses amounted to £65,063, and tho expenses totalled £61,393, which included £11,827 Government taxes. These items absorbed £126.458, leaving the underwriting profit, at £30,997, to which has to be added income from interest, rents, etc., £26,635, and tho amount brought forward from the previous year £32,431, making ' available £90,063. Of this amount £30,000 has been added to the reserve fund, which now stands at £250,000, and the dividend at the rate of 12i per cent. (2s. 6d. per share) absorbs £25,000, leaving £35,063 to be carried forward. Customs duty collected at the Port of Wellington on Saturday amounted to £1339 3s. 2d. LONDON MARKETS. Außtralian-New Zealand Cable Association. (Ree. November 11, 11 p.m.) LONDON, November 10. Frozen Meats.—Rabbits, unchanged. Rubber.—Para, 3s. Id.; plantation, 2s. 7Jd.; smoked, 2s. 6d. I MINING NEWS WELLINGTON SHARE MARKET. The quotations on Saturday for mining shares wero as under:— Buyers. Sellers £ b. d. £ s. d. Con. Goldfields : 0 4 6 — Murray Creek — 2 10 Talisman — 0 11 3 Grand Junction 016 0 016 9 MOUNT GREENLAND. The secretary of Mount Greenland Gold Quartz Mining Co., Ltd., reports that for the 13 weeks ending October 29, 1917, the company treated 158 tons 15cwt. for. a return of £919 4s. 6d. The total value of bullion obtained to date is £2881 19s. 9d. A dividend at the rate of 6d. a share was paid on October 1 laßt. 'limes are too keen for cheese factory managers to make use of any but the most efficient methods. No cheeso vat carries off the whey so quickly and thoroughly as the "Victor"—the vat with eloping bottom and middle drainage. Order early—steel is short. A. J. Parton, Sheof metal and Plumbing Works, Pembroke Street, Carterton.—Advt.