COMMERCIAL ITEMS

Dominion, Volume 14, Issue 191, 9 May 1921, Page 8

COMMERCIAL ITEMS

INVESTMENT SHARES,

A sale of New Zealand Insurance shares at 25b. 3d- was reported on Saturday. The quotations were as follow:— Buyers. Sellers.

CUSTOMS REVENUE. Customs revenue collected at the nort of Wellington ou Saturday totalled £2621 9s. 3d. LONDON MARKET REPORTS. Australian-New Zealand Cable Association. (Rec. May 8, 5.5 p.m.) London, May 7. Cotton.—The Liverpool quotation lor American middling upland cotton, June delivery, is 8.22 d. per pound. Copra.—South Sea, bagged, May-July delivery nominal, at £2B 10s. per ton. Jute’.—May-June delivery, £33 per ton. New'Zealand Hemp.—April-June shipment.. £4O per ton. Rubber.—Fine hard Para rubber, 10jd. por pound; plantation, first latex crepe, 10id.; smoked ribbed sheets, 93d.• FROZEN MEAT PRICES. Australian-New Zealand. Cable Association. (Rec. May 8. 5.5 p.m.) London, May 7. Heavy Canterbury sheep, Bd. per lb.; South American wethers, light, B’d.; heavy, 73d. Argentine frozen beef, fores,Aid. per lb.; hinds, Bid.; Uruguayan irozen beef, 33d. Argentine chilled beef, fores, 5d.; hinds, lid. MINING NEWS WELLINGTON SHARE MARKET. Tho quotations on Saturday for mining shares were as under:—

STOCK EXCHANGE. By Telegraph—Press Association. Dunedin, May 7. Sale:—Waihi Grand Junction, 9s. 9d. WAIHI COMPANY. By Telegraph—Press Association. Auckland, May 8. Waihi Gold Mining Company Cabled advice regarding the annual report and balance-sheet to December 31, 1920, has been received in Auckland to the following effect Carry forward of .£29,066 from 1919, and surplus of «£14,700, from operations during 1920, have enabled directors to pay same dividend during 1923 as for some years (viz., 4a. per share fer year), totalling £99,181, whilst incuine tax has absorbed £48,000. Directors propose to provide for depreciation of company’s mining assets. £14,900, leaving to be carried forward £14,C00. The report states that the ore reserves have been carefully estimated at 523,630 tons of an average value of 31s. per ton. which could bo worked in the ordinary course of mining. There ia also a further 254,740 tons of ore in pillars and arches of an average value of 38s. per ton. Steps have been taken to return 10?. per share to shareholders, the application being now before tho Court. It is hoped to be able to make the payment to shareholders in or before July.

£ s. d. £ a. d. Inscribed Stock, 1939 81 0 0 — Inscribed btock, 1938 81 5 0 — Inscribed Stock. 1933 89 0 0 — War Honda. 19-59 81 0 0 —— War Bonds, 1938 81 0 0 — P.O. Bonds, 1927 89 10 0 — P.O. Inscribed Stock, 1927 89 12 6 —- Hank Australasia (rights) — 13 5 0 Bank Australasia (frac- -■ — 1 17 6 National Bank — a 7 6 Bank New South Wales 29 15 0 Bank New Zealand 2 6 4 2 7 0 Union Bank 11 15 0 12 0 0 Abraham and Williams ■ ■■■ 4 10 0 Goldsbroogh Mort — I 10 0 Enuitable Building Co. . — 8 5 0 N.Z. and River Plate ... — 0 18 0 Well. Invest., T. and A. — 0 10 6 Well. Trust and Loan ... 4 15 0 5 5 0 Auckland Gas (paid) 1 3 3 —- Christchurch Gas 5 5 0 Gisborne Gas —— 0 14 0 New Zealand Insurance 1 5 3“ 15 3 K.B. Insurance 1 11 0 Standard Insurance 2 3 0 —— N.Z. Refrigerating (£1),.. 1 5 0 16 0 N.Z. Refrigerating (10s.) Well. Meat Export (£312s. 0 14 6 0 15 0 ) ■ 3 5 0 ifuddart-Parker (ord.) ... 1 19 0 •— Union Steam (pref.) (cum.) 0 17 6 — Kaiapoi Woollen (ord.) ... — 14 6 Well. -Woollen (pref.) —— 7 0 0 Westport Coal 1 5 0 —• Waipa Coal ,• — 0 15 0 Lpvland-O’Brien Timber 1 5 0 •— N.Z. Paper Mills 1 5 6 Sharland and Co 1 2 3 — Vairnrapa Farmers (pref.) 0 14 6 —

Buyers. Sallern. £ s. d. £ p. d. Talisman 0 5 6 0 5 10. — . ■ 1 14 0 ...