COMMERCIAL ITEMS.

Dominion, Volume 6, Issue 1609, 28 November 1912, Page 8

COMMERCIAL ITEMS.

INVESTMENT SHARES. There were no transactions in investment shares Teeorded yesterday. The quotations were as under:— Buyers. Sellers. £ 6. d. £ s. d. Bank New Zealand 10 B 0 — [Metropolitan Building ... — 1210 0 Well. Trust and Loan .... — , 710 0 Feilding Gas — 10 6 Gear Meat (£4)- - 12 17 6 Meat Export. (£4) ;...- .- ■ -,' 5 0 0 Well. Woollen (ord.) 3 H 6 - WoUport Coal 16 6 17 0 Leyland-O'Bricn — 17 3 Taringamutu Totara -.. 2 6 0 — Golden Bay Cement 10 0 110 W.P.C.A. - 7 5 0 ATJdkiiAKD WOOL SALES. (By Telezrapb.—Press Association.) Auckland, November 27. At the wool ealcs to-dny there were over 30 buyers. Crossbred averaged 91d. to lla., beinc ljd. to 2d. above the lirst sales last year. . Fourteen pence was the top price for fine halfbred. . The general range was from lOd. to Is.;' bellies. 6d. to 7d.; half locks and pieces, sd. to 7fl. The amount realised for the 83C9 bales offered was about £107.900, compared with £62,000 last yeai. Competition was keen right to the ond of the sale, and farmers are well satisiled. SYDNEY WOOL SALES. By Telegraph—Press Association—Copyright (Ecc. November 27, 10 p.m.) Sydney, November 27. At the wool sales competition was keen and strong, in all classes. .Super greasy si\% .ioj p.x003.i e "p{BT .01 dn apum Sniqmos season. : . Greasy .wool fetched the highest price for thirteen years. - LONDON WOOL SALES. KISE'IN VALUES. London, November 26. .The fifth series of wool tales opened strong at an advance in price' of from 5 to 71 per cent. ... BRISK COMPETITION. (Bee. November 27, '10.35 p.m.) London, November 27. At the wool fales 7180 bales-were offered, including 1183 from New Zealand., , There was an excellent selection .of. merinos,'but a poor selection of crossbreds. Tho attendance was unusually large and competition was very brisk. ' ■ As compared with the October closing rates merinos advanced ' from 5 to 7i. P9r cent, shafty. and .light-conditioned showing the greatest appreciation. Fine crossbred-s advanced 6 per cent, and coarser sorts 7J per cent. , ' HIGH COMMISSIONER'S. REPORT, , The Department riX. Agriculture, Industrios, and Commerce, has: received the following cablegram from the High Commissioner for New Zealand, dated London, November 26, regarding the opening of the fifth scries of colonial woo: sales:—"The wool sales have commenced. There is great 'competition. The market has advanced Id. per lb average for al! grades. The market • looks .very, strong. There are a. num'ber of buyers at the' higher price. Trade is good. The demand is greater than the mipply. Present prospects .indicate a continuance of high prices for some time. Eighteen thousand five hundred bales . of ,New Zealar.d wools are catalogued."

MUTATE CABLED REPORTS. Messrs.. Dalgcty and Co., Ltd., Wellington, have received tile following cablegram, from their London office, dated November 26:—"Wool sales opened. . Attendance of buyers is large, competition animated, and 'selection "(rood.'' Ae .'compared: with .List sale's closing rates, croasbreds 5 to 7J per cent, advance and merinos 74 per cent, advance. : Scoured merinos 5 to 7& per cent. ; advance.'-' : I / Messrs. Levin nnd Co., Ltd., havo received the following 'cablegram from their agents in' London, dated November 26:—"Wool sales have opened..'Merino? opened at an; advance of.7i per cent, on the closing rates of last series. Crossbred? generally open-, ed at an advance of 5 to 7j per cent. Large attendance of buyer's, but very little greasy crossbred offering." ' The New Zealand Lean and Mercantile Agency Company, Ltd.. have received the, -following cablegram from their London house, under da-t-e November 26:—"London Wool. Sales—There \ra: .-. full attendance at the opening of the sales to-day, competition by Home and Continental buyers being keen, and prices, as compared with the close of preceding scries, ruled in sellers' favour. The opening catalogues were fairly representative. As compared v*Jh last sales' closing rates, prices are higner by. about 7} per cent, to,lo.. per'cent, for ■ coamss crossbred and merino, and by about .5 per cent, for fi:ie and medium crossbredfi. America is operating." •'.,."• Messrs. Abraham a::A Williama, Ltd., ■have received the following cablegram from :thr,ir Londpn friends, dated- November 26: —"There was active competition at- the' ; sales to-day from a good attendance of .buyers. The market closed very firm, with :good prospects. Compared with the closing rates of. last seriea, present values . show the following improvements: Pine and medium' crossbred. 7i per cent.: coarse crossbred and merino, 5 per cent." The Bank of New Zealand has received the following cable advice from its London office, dated November 26:—"The sales have opened with strong competition and a large attendance of buyers. There is. a* good demand for all kinds of wool. Tot.il net quantity of New Zealand wool available is 20,000. bales. The market is strong for coarse crossbred, or Bliped wools, and all kinds of merino, prices for each being 5 to 7s per cent, .higher.". • Messrs. Murray, Roberts and Co., Ltd., hare received the following cablegram, dated November 26, from their London friends.: Messrs. Sanderson, Murray and Co.:—"Wool sales have opened Btrong. Tory largo attendance of buyers j competition brisk. Market advanced 5 to 7J per cent., merino showing greatest advance." The United Farmers' Co-operative Association, Ltd.,- have received the following cablegram from their London agents, der date November 26:—"The fifth series of wool sales opened to-day. and were largely atteitjed by Home, Continental and American buyers. Therq was considerable competition. Fine, medium, and coarse crossbTeds advanced 6 to U per cent., a.s compared with closing rates of previous fale." Messrs. ■ James Macintosh and Co. report having received the following cable message from their London agents, under.date of November .26:—"A.t the wool sales to-day prices for slipes and scoureds show an advance of 5 per cent. for.fine duality and to 5 to 5J| per cent, for -medium and 'coarse quality. No greasy wool was offered." / : ■ ADELAIDE WOOL SALES. Messrs. Dalgety and Co., Ltd., Adelaide, cabled oa November 26, as follows:—'.'The wool market is excited. ' At to-day's sales medium merino wools id. higher and good merino Id. higher; crossbreds and comeback wools, strong demands." BANK SHARES AND DEBENTURES. Dy Telssrraph—Press Association—Oonyrieht London,'-November 26. . Yesterday's closing Quotations were:— Bank of Australasia, £117 (buyers) and £119 (sellers); Bank of Tictoria, £5 10s. and' £5 165.; Union Bank, £57 10s. and £58 10s.; National Bank of New Zealand, £4 17s. 6d. and £5 2s. 6d.; New Zealand Lcvn «nd Mercantile Agency, £99. ... AUSTRALASIAN TV AND G. MUTUAL ' ,': . LIFE. (Roe. November 27, 9.25 p.m.) Sydney, November 27. -,' The report of the Australasian Temperance and General Mutual Life AseuTanco Society for the year ended September 30 shows a large' expansion of business. The total income was £402,795. an increase of .£57,891 over the previous year. The funds expanded by 174.C64. The rate of interest carried is £4 lis. per cent.