FINANCE AND COMMERCE

Taranaki Daily News, 5 August 1931, Page 12

FINANCE AND COMMERCE

SUBSTANTIAL PROFIT MADE. STANDARD INSURANCE COMPANY By Telegraph.—Press Association. Dunedin, Last Night. The annual report of the directors of the Standard Insurance Company, Ltd., states that the income from all sources ' for the year amounts to £226,949 8s Id, to which has to be added the balance ’ brought forward from last year of ' £23,144 9s 4d. The surplus on the • year’s operations, after making full pro- ’ vision for all ascertained losses to June 1 30, payment of an interim dividend, a donation to the guarantee and provi- ; dent fund, and for depreciation of se--1 curities, amounts to £35,558 19s sd. ’ Out of this surplus the directors recom--1 mend the payment of a dividend at the L rate of Is 3d per share and the earry- ■ inn- forward to next year of £23,058 19s 1 sd? TALLOW AND HEMP. ; LONDON MARKETS DULL. J The Department of Agriculture has re- ; ceived the following cablegram, dated L August 1, from the High Commissioner ! for°New Zealand, London:— Tallow.—No auction until August 12. ’ During last week limited spot business • has been done at last quotations. No in- • quiry is being made for shipment. ; Hemp. —Manila market dull. “K” grade , for June/August shipment sold down to - £l5 10s, with steadier tendency at the > close. Sisal: Market easier. African No. L 1 fair average quality for July/SeptemI- ber shipment offered at £l4 15s, and No. • 2 at £l4, without buyers. Mexican quiet, ; with values nominally unchanged on the basis of good white for July/September shipment £l6 to £l6 10s, according to quantity. Stocks in Progreso on July -7, 268,000 bales. New Zealand: Market still neglected, with values nominally un- - changed. ,1-, Peas. —Market quiet‘but steady, liiig- ; lisli Maple quoted. 35s to 395. Imported ■ quiet and stocks small. Improved inquiry ; for shipment expected in autumn. New ; Zealand for July/August shipment rei ported to be sold at 545; ’lasmanian. foi ; August/September shipment offered at -53 s 6d. Blues: No demand for imoprted as green feed plentiful. Nominal value » A grade Tasmanian, £8 10s to £9. THE SHAREMARKETS. Taranaki Stock Exchange. Sales. 5 Moturoa Oils, ss, 5s 6d, 5s 9d. Quotations: Sellers, 5s 6d. ’ Christchurch, August 4—bales on Ex--3 change: Bank of Australasia, £8 16s, £8 14s; Commercial Bank of Australia, 13s lOd, 13s 9d; Bank of New ' South Wales (cum. div.), £24 ss; Bank . of New Zealand, 48s 8d; Union Bank of Australia, £6 10s, £6 Ils, £6 10s . (2 parcels); New Zealand Breweries, ; 29s 3d (3 parcels), 29s Id, 29s 2d (6 I parcels); Mt. Lyell, 16s lOd (3 parcels); Kino- Solomon, 2s 6Ad (2 parcels), 2s 6d, °2s old (2 parcels); Mahakipawa, 7-ld (3 parcels), 7d; Golden Point (Is ' paid), Is 6Jd, Is 6d (2 parcels). Sales ' reported: Commercial Bank of AustraI lia (cum. div.), 13s lid; Goldsborough Mort, 19s 6d. Auckland, August 4. —Sharemarket ' sales: War Bonds, 1938, 44 per cent., ’ £lOO 7s 6d (2); ditto, 1936, 54 per cent., ' £99 12s 6d; Inscribed Stock, 1927-41, 5J ‘ per cent., £97 10s; Commercial Bank of i Australia, 14s; National Insurance, 12s lid; Auckland Gas, 22s 8d; Leyland J O’Brien Timber, 21s 9d; Colonial Sugar, £34 ss; King Solomon, 2s sd, 2s sld (3), 2s 6d; Waihi, Iss 73d; Mt. Lyell, ' 16s 8d; Mount Eden Borough, 1961, 5j ’ per cent., £lOO.