COMMERCIAL.

Press, Volume LIV, Issue 16261, 11 July 1918, Page 8

COMMERCIAL.

UNION BANK OF AUSTRALIA.

(By Cibl*.—Pre** Amiociauon. —Copyright)

(Australian and N.Z. Cable Association.) (Received July 11th, 1.15 turn.)

LONDON, July 0. The Union Bank of Australia has declared a dividend of ten per cent, and & bonus of two per cent.

METALS. (Received July 10th, 11.50 p.m.) LONDON, July 9.

There has been a sharp rise in the prico of tin, which is now quoted at £J4l 10s per ton. ■ Other metals are unchanged.

BURNSIDE MARKET. (PEESS ASSOCIATION TELEGRAM.)

DUNLDIN, July 10.

At Burnsido to-day 262 fat cattle were yarded, including a number of prima heavy lines. Competition was good at'lato rates. Extra prime heavy bullocks mado £25 12s 6d to £27 ss, prime £19 to £23 12a 6d, medium £16 to £18 10s, lighter £13 108 to A*i3 103, prime heifers £15 10a, medium £13 to £14 10s, light and aged £3 10s and upwards. Sheep—2939 were yarded. Only a fow pens were really primo. Competition for good quality was animated at prioes slightly higher than late rates, but inferior declined Is to Is 6d per head. Extra prime heavy wethers made 555, prime 4Ss to s'2a 6d, medium 33s to 46s 6d, light" and unfinished 32a 6d and upwards, extra prime owes 57s 3d, prime heavy 45» 9d to 48s 6d, prime 33a to 44s 3d, medium 30b to 36a 6d, light and aged 223 and upwards. Lambs—799 were penned. The quality was medium. Competition for prime was keen at late rates. Graziers were operating? for inferior. Prime made 28s 6d to' 32s 9d, medium 25a to 265, lighi and unfinished 23s and upwards. Pigs—A email yarding met keea competition, and priccs were firm at late rates, iiest baconers made BJd to BJd per lb, and best porkers BJd to 9d per lb.

THE WOOL PURCHASE. (PBESS ASSOCIATION' TELEGHAM.)

WANGANUI, July 10.

The Wanganni Agricultural Association today carried a resolution expressing satisfaction with the terms of the Government's wool purchase. Tho opinion was expressed that even if the growers were allowed to ship their own wool after the war, high freights and the scarcity of ships would nullify all advantage of the high prices expected.

OTAGO WHEAT MARKET. (SPJCCIAJj TO "THE PRESS.")

DUNEoIN, July 10. All tho eouthem wheat is now out of the formers' hands, except probably 4000 or 5000 bags in Central Otago. Jfono of tho Dunedin millers hold heavy- etocKs, and a supply soon reaches here from Australia some of the mills will have to run ehort time or shut down for look of fc mixture. They may have wheat, hut H is necessary to have such varieties as will serve for mixing-, otharwiso tho flour would not be of the quality made in districts where a good mixture oan be bud, End tho local trade would suffer. Some of tho Otago millers have been bringing tho position Before the Government, but eo far {here is no information ao to what tho Government are doing in the matter of importing.

P. AND O. COLONIAL STOCK TRUST.

(SPECIAL TO "THE FEESS.") DUNEDLN, July 10. Persona concerned are advised of the formation of the Peninsular and Oriental Colony Stock Trust, Ltd. The directors are bir JamesiMuls, Messrs C. Holdaworth, John Roberts, C. W. Rattray, D. A. Aiken G. R. Batcbie, C G White, and as'representing the ISew Zealand Shipping Company, Mr John Anderson. The object of tho Trust to deal wxllx tho stock owned by tho Ave. tralian and Now Zealand eftockholdere. A register will be opened forthwith far transfer of P. and 0. stock to the Trust, free of expense to stockholders. On subsequent transfers a stamp duty of 20s per cent, will be payable by the buyer, but it is Loped tnat tho representations now being made will result in transfers being treated as transfers of ehares, on which tho duty ja 6s per cent.

CHRISTCHURCH STOCK EXCHANGE YESTERDAY'S TRANSACTIONS. ' Sales reported:—Manning and Co., £2 19a. LATEST QUOTATIONS.

Buyers. Sailers. BANKS-" - Ui UA Australasia .. .. 116 0 0 — National ' „. .. 5 8 0 — New Zealand (fully pd.) 17 10 0 — New Zealand (£3 Ca 8d paid) .. .. 12 2 0 — Union ... .. 56 6, 0 — CEMENTS— Golden Jiay ... • 0 18 0 — COAL— Taupiri .. 0 18 B — Wostporfc .. 1 10 0 — GAS— ChristchuTClr .. .. S 16 0' Wellington • .., ... — 1" 7 G INSURANCE— New Zealand .. ... 91» o in » r> MEATS- " Canterbury .. .. — 0 15 0 N.Z. Refrigerating .. — 2 o a WOOLLENSKaiapoi .. .. 7 3 0 — SHIPPING— Northern (14a Gd paid) 0 16 0 . — MISCELLANEOUS— D.I.C. .. .. 0 10 3 — N.Z. Formers' Co-op. .. 2 3 6 N.Z. Paper Mills .. 12 0 12 6 MINING— Waihi Grand Junction 0 11 3 —.