COMMERCE & MINING

New Zealand Times, Volume XLI, Issue 9247, 14 January 1916, Page 2

COMMERCE & MINING

WELLINGTON STOCK EXCHANGE. YESTERDAY'S QUOTATIONS. MINING STOCKS. Dominion Developing Co.—ll-30 a.m.. b J2l 12s 6d; 3.15 p.m., b M 12s 6d. Murray Creek, 01d—11.30 a.m., b .£1 17s ,6d; 3.15" p.m., b Jii. 17s 6d. Murrav Creek, new (pd)—ll.3o a.m., b 17s 6d; 3.15 p.m., b 17s 6d (prem). ■ Talisman Consolidated—ll.3o a.m., b 15s 3d; 3-15 p.m.. b 15s 3d. Waihi—ll.3o a.m., b M 16s 3d; 3.15 p.m., b XI 16s 3d. Note.—The letter "b" signifies buysrs and "s" sellers. "'JNVESTI^NT.STOCKS. ;'','.';

SALES ELSEWHERE. - Press AuoolfcUoo. CHRISTCHURCH. January 13. Stock Exchange sale reported-. Union Steamship (pref.), 0s 9d. BOSS GOLD RETURN. The return from the Ross Reconstructed mine for the past week was 21oz Bdwt from 342 trucks of washdirt. COMMERCIAL CABLES By Telecraph—Prsn Association—Copyright LONDON, January 12. AMERICAN VISIBLE WHEAT. Tho. visible supplies of American.wheat and flour east of the-Rooky Mountains are estimated by "Bradstreef s" at' the equivalent in wheat of 174,561,000 bushels, compared with 173,198,000 bushels 'last . week and 115,725,000 bushels a year ago. At Chicago yesterday wheat "futures" were quoted as follow; — Por bushel. Market. Market ■„ - opened. olosed. 6. d. s. d. May options ... 5 1 9-16 5 3 July options ... 410 9-16 '4 119-16 TALLOW SALES. At the tallow sales to-day 752 casks were offered and all sold. Fine mutton realised 55s 9d per cwt, and medium 50s; fine beef 53s 3d, and medium 495.' "WHEAT. (Received January 13, 7.30 p.m.) LONDON, January 13. Wheat is firm, but dearer. AUSTRALIAN PRODUCE PRICES. Br Tolegrapu—Vren Association—Copyright (Received January 13. 9 p.m.) SYDNEY'. January 13. Oats, Algerian local 2s lid to 3s per bushel, Chilean 2s 3d; barley, 3s' to 4s per bushel; maize. South African 6s to 6s 6d per bushel; potatoes, Tasmanians, old J6lO to Xl3 per ton, new £l6 10s; onions, old Ml por ton, new JH to -£5ADJ3LAIDE, January IS. Bran, 10Jd to lid per bushel; pollard, Is 4d per bushel; oats, 2s id to 2b 2d per bushel. MELBOURNE HIDE BALES. (Received January IS, 10.30 p.m.) MEILBOURNB, January 13. At tho hide sales to-day there wore large supplies. Better classss were fully id per lb higher; medium qualities wore id dearer, and other sorts unchanged.

WOOL SALEB HIGH PRICES AT HOBART. Cjr Tolecrapb—P»u Aaioelatlon—Ooc/rlfUl HOBART. January 13. At the wool sales there was keen competition. Merinos were at iO and comebacks crossbreds at 16 per centum increase on late rates. The top price for crossbred was 22Jd and merino 20d. K.Z. LOAN AND M.A. CO. DIRECTORS' REPORT. The directors' report presented at the annual meeting of the New Zealand Loan and Mercantile Agency Co., Ltd., held in London on December 9th, stated that after paying interest on the first and second mortgage debenture stocks, making provision tor bad and doubtful debts, and adding .£19,084 19s 9d to reserve account, there remains a balance of net revenue of .£122,301 6s lid. To this has to be added, the balance brought forward from last year, viz.. JE55,27« 5s 3d, making a total of £177,580 12s 2d. Out of this amount .£24,730 0s 3d was paid on June llth last as an interim dividend on the 5 per. cent, cumulative preference stock, less income tax, and the directors have appropriated a sum of J 65000 to the staff benevolent fund. This leaves a balance of -£147,850 lis lid, whioh the directors recommend should be applied as follows:—To payment of a final. dividend at the rate of 2£ per cent, on the 5 per cent, cumulative preference stock to r June 30th, 1915, less ;income tax, ,£24,730 Os 3d; to payment of a dividend at the rate of 5 per cent, per annum on the ordinary stock for the year to June 30th, 1915. less income tax, ,£41,715 14s; .leaving a balance of .£81,404 37s Bd. 'No., provision has beenmade in the accounts in respect of excess profits tax under the Finance Act, and the above balance is accordingly subject to payment of such sum, if any, as may b.e found to be due in respect thereof.

During the year a further sum oi .£166,571 10s 6d has been received from the liquidator of the New Zealand Land Association, Limited, This has been apportioned as follows:—In reduction • of premises account, .£59,865 Ses 6d, which account now stands at £330,000; to reserve account £106,706 ss, which, with the sum carried from profits ws above stated, increases that account to £410,000. A small balance has still to be received from tho liquidator of the Association. The contributions to the war funds approved by the stockholders at the last general meeting appear in the accounts, and since June 30th a further, amount of £SOO has been contributed in aid of wounded soldiers and sailors and their dependents in New Zealand. Notwithstanding the dislocation of trado caused by tho war, the business of the company has been well maintained. A severe drought has prevailed in Australia for a part of the year, but with the exception of- Queensland and certain areas of New South Wales, whioh still continue dry, the conditions have recently materially improved, good rains having fallen. Business prospects in New Zealand aT« on the whole satisfactory, although some districts have suffered from dry weather. CITY PRODUCE PRICES..

Laery and Co.,' L td -. Allen street, report wholesale prices as follow-.—Fowls wheat flood whole 6s 7d to 6s 8d bushel; fowls' barley, 5s 6d; Cape Barley, 5s 9d: feed peas, prime 5s 6d, good 5s 3d; partridge peas, 6s 6d; madse feed, 6s; maixe seed. !m 6d; chaff, oatsheaf, £6 5s to £6 10b per ton, sacks in; hay,.£4 10s to £7; flour in sacks, £l4 10s; oatmeal. £2O; bran £6; pollard, £10; rioo pollard, £8; onions, £6 to £7; potatoes, £7 to J.B; bacon (all best factory), sides lid pei fb, rolls Is, hams lid, shoulders B3d; cheese (factory) Stf, loaf 9d; linfaeed nuts £l3 lOs.ton; linseed ground cake, £l3 10s per ton.

Tho Customs revenue received at Wellington yesterday totalled £3237 10s id.

Buyers. Sellers. Sales. •* : « d X e d JK s d : .Banks— New Zealand, £3 6s 8d pd 10 3 0 — — Financial — Equitable Bide Co. — — ISf.Z. arid. E. Plate Land," 0 0 —- —. Wgv Invest. T.A.„ — 0 11 0 — Wgton Truist Loan, Ltd.... — 7 5 0 - tias— Napier, ,£5 ... Wellington, _ 9 0 0 — 0 0 — »16 0 0 tl6 0 0 Insurance— National o{ . — . - *2 6 0 New Zealand — S 6 0 — South British of N.Z. 4 15 0 — — Meat Preserving ;—. Gear Co., .£1 3 17 8 — ' — . Wgton Export. £2 12s 6d ... 2 13 0 — iShipping— N.Z. Co., ord. — 18 0 0 — Union Steam. 3 9 1 4 • — Manufacturing— Wiftn Woollen, ord ....... 5 0 0 v . —■ Wgton Woollen, 7 S ,""" *"" Miscellaneous— N.Z. Dmr, Ltd., JB2 2 4 0 2 5 0 — W.IC.A., JES pd —. 6 10 — ♦Reported. tSalo on 'Change.