COMMERCIAL ITEMS

Dominion, Volume 13, Issue 268, 6 August 1920, Page 10

COMMERCIAL ITEMS

' . . INVESTMENT SHAKES. '' "V : A-rsale.' of ..Huddart-Parker ordinary ' ■ 'nhareß. at 565. 6d.; was made on 'Change ••vrederdw" The' Quotations were as> folBuyers. Scllerß. ■>-. £ s. d. £ 8. d. " : "War Bonds (1930) ; 95 0 0 - National Ba.nl; 613 0 6 i 5 0 Hank N.Z. 25 17 6 ■ - ">.■•: TTnlon Bunk 13 10 0 13 12 6 f-' Metropolitan. Perm 13 0 0 — " -:fjoan and Merc, 'pref.) .. 62 0 0 68 0 0 ' 'Well. Gas (ord.) 10 2 6 N.Z. Refrigerating (10h.) 14 3 14 9 s Gear Meat. 2 2 6 1 — Meat Exp. (£3 lZs. «d.) .. 4 9 6 - iiuddart-Parcr (ord.) .... 216 6 217 0 Kaiapoi Woollon (prcf.l — 114 0 Well. do. (£4 15s. paid) (cum) 1015 0 — Well. do. (£3 ss. paid) (cum) • 7 0 0 — Hikurane; Coat a — ■ 017 6 • Westport Coal 111 0 — . . Westport-Stockton (ord.) — 09 0 i- Waipa Colliery ~ 016 3 Lcvland-O'Bricn Timber 1 12 9 — . Bartholomew's Timber ... — ,15 6 ••'Birns-Philp 118. • ' JB-kcaldie and Stains 1 o'4 — , ficoullar Co -- • 110 0 .'. Wairarana Farmers (£5) 610 0 — : Ward and Co 14 0 — •' Wellington Cordage 119 — ■Wilson Cement ~ 018 0 - WELLINGTON WOOLLEN COMPANY. The directors, in tho reDort to be presented at the thirty-seventh annual meeting of the Wellington Woollen Manufacturing Comnauv. state tbat tho output 1 from the company's mills and clothing' establishments has largely exceeded problem records, and, in addition, several ■ outside clothing factories were secured to assist in making up into garments material supplied by the mills. The importing branch of the j'usiness has,been developed extensivelv. so that shareholders , will see that no effort was wanting by the directors to meet the abnormal demand. "The acute shortage of eupplies and hiah»pricos of overseas woollens 'f equal -•-Duality to New Zealand manufacture (tho report Btatcs) has brought the local industry very much under publio notice with unfair criticism, and, desnito successful / efforts to increase production, consumers have expected more lhan the industry could accomplish. The resumption, frequently expressed, that the coßts of New Zealand textiles arc based on London market values for wool, is erroneous. aB they aro fixed on the Imperial Supplies Department's aDpruaed prices of wool in the Dominion. Further, in relation to statements aB to excessive crices. it is duo to you to explain that, the ratio of nroflt on the company's overturn has not been Increased, but continues the same as before the war. In view 'tf <ho Dressing needs . : of this country, your directors did not tako advantage of\the many onnortunitics to export', therefore, not any of the company's manufactures have been sent out of New Zealand for manv years. On tho other hand, large Quantities of kindred goods have been brought in by the company, and it iB worthy of note that such goods would not otherwise have been available here." ,

The new warehouse and clothlnc workrooms at Ohristchurch are nearinr; completion. The added space so obtained will bo of much benefit In further increasine overturn. The directors have bowzht two Droperties at Petone, ono ad.iolnintr tho mill and the other at tho oddobHo end of tho town. The baildlnim on tho latter site bointr suitable, are lieinu eauioped as a knitting mill.' to work in conlmictlon With tho existinu plant. .New machines ox© arriving shortly. All Dossibl® menns have been and are beinfr faken to deYelop tha manufacturinE branch, to meet changed conditions. , .. , . As' prices of .commodities necessitate lareer workinc capital, the balance of unallotted preference shares ijß6o) were offored to, and accepted by. the .shareholders, £1 per share on both wastes of

shares is tetne called. ;which will make the ordinary shares fullv, oald (£5) ana tho preference £3 SOs. »aid. Attnunl U prcciatlon of buildliisfi and giant has ten met by we writine-'iif of foOOO. serve account.'fire insurance.reserve, ana employers' liability reserve are mcrenacd by £7000. £20W. anc £1000 Mnectivw. . It in rccorarocndiHl that a further diM dend of 5 per cent., with bonus of 3 PM oent., bo paid on lioth ol '' ,limry „f"-„_ feronce shares, the balance remaining, be carried rorwaru. , ,

COMPANIES REGISTERED. Tho "Mercantile Gazetto" records'the reKirtratlon of tho following new companies: Duncan M'Lean. Ltd.. registered as a private company July 23, SfSn Greymouth. Capital: £25,1K0, into £5,000 shares ot £1 each. Subscribers: Welling-ton-D. Jl'liean, 4167; Qreymouth-P. J. M'Lean, 8333: P. M'Lean. «W: 0. MLean, 4166; Recfton-K. Learmont. <167. Objects: To carry on busiucas of merchants, bu9« torallsts, etc. . . ■ , ~ Tahoraite Co-operative Dairy Co.. Ma., registered July 7, 1920. Office: Hizli btreet, Daunevirke. Capital: £50c0, into 6000 shares of £1 each. Subscribers: W. M'Leod,. 60: E. P. Orviss. 25; A. H. Gannaway. 10; K 11. O Stapleton. CO: W. l'uhand, 500; k Niliera, 60; S: T. Paviour Smith. M. Objects: To establish dairy factories, etc. Jones and Co., Ltd., registered an a private company. July 27, 1920. Office: 10-11 Cambridge Terrace. Wellington. Capital: £10,000, divided Into '£1 shares. Subscribers: F H. Williams. 4950 shares; W. Weston, 5050 shares. Objects: To acauire business of Jones and Co., metal merchants, etc. Iteponui Company. Ltd.. reeleicred as a privato company July 23. 1920. Office: Palmerston North. Capital: £7000. in £1 shares; 500 issued as fully paid and allotted to Alfred/Seifert. Subscribers: Palmerston North—A. Seifert. 3CCO: A. Hopwood. 200; P. W. Seifert, 875: JI. T. Greedy, 100; 0. J. Monro, 1000: I'. T. Putman. 250; H. G. Baenall. 725; i\ S. Nathan. 250; B. Seifert! 100: E. T. Hell, £00: P. 0. Litchfield, 3M. Objects: Katractoru and dealers in kauri gum and its by-products. Poxton Motor and Engineering Co.. Ltd. (The). Mgistered' as a nrivate company, July 28, 1920. Office: Clyde Street, Poxton. Capital: £4300. divided into IMO "ref. shares of £1 each and 3300 or. shares of £1 each. Subscribers: Napier-S. H. Head, 500 ord each: F. Jlimmer 150. J. P. Smith WOO pref. awl li£o ord.; Foiton—J. Ross, 1000 ord,; O. Abercrombie and 6. H. Head, KK) ord. each; P Rimtner. 100 ord. Objects: To acauire and carry one "The Foxton Motor nnd Emrineerina Co." COMMERCIAL BANK. The balance-sheet cf the Commercial Bank of Australia to June 30, 1920, Hhowß paid-up capital £2,213,009. Deposits. £16,377,137 (Increase for tho year £4,321,907). Coin, bullion, Australian notes, £8,766.019. and cash items (increase £4.768.270). Advances. £9,634,480 (decrease £99,083). beinc caused by repayments of 'war loan and wheat advances (£1.201,215) Total assets. £19,614,869. or £5.040,115 greater than a year aso. Total liabilities, increasini? correroondiiiK!y. Not profits. £21)2,891, an increase of £32.624. The total branches and receiving . offices are 360. as compared with 326 a year aco. To the net profit of £202.891 inust be nddbd £13,0W brought forward, and tho directors have made the following appropriations :—To reinstatement of capital, £100.000; to reduction of bank -remises. £10.000: to officers' guarantee and provident fund. ;£KB0: to interim dividend on preference shares paid February. 1920, £42.347; leaving a- balance of £58,604; which it is proposed to apportion as follows:—To dividend ou the preference shares of 4 per cent, per annum, £42,347; forward to next year. £16.257. ijU-STOJIS 'REVENUI'i. < I Customs revenue collected at the port of Wellington yesterday totalled j,6202 4s. Bd. AUSTRALIAN PltODUCfc MARKETS. ißy Telegraph-Press Association-Copyright (Bee. Auzust 5, 9.10 p.m.) Sydneyi August 5. Oats. Algerian Iced, ss. 3d. to as. M. per bUßhel; -white, ss. 6d. to 6s. Maize, Bs. to Bs. <d. Potatoes, Tasmanian, £13 10s. to £15 per ton; Victorian, £12 to £13. Onions, Victorian. £16 10s. to £18 per ton'. Adelaide, August t>. Oats. is. per bushel.