COMMERCIAL ITEMS

Dominion, Volume 7, Issue 2259, 19 September 1914, Page 10

COMMERCIAL ITEMS

INVESTMENT SHARES. No. business was done in investment shares yesterday, but there were apparently, plenty of buyers. Tho quotations ware as under:— ■ ■ • Buyers. Bailors. £ s. d. £ e. i. National Bank 419 0 — Bank N.Z. (£6 15s. Id;) ... 14 17 6 - Bank N.Z. (£3 6e. Bd.) ... 9 10 0 - Union Bank 53 0 0 — Notional Mortgage 3 17 0 — N.Z. and River Plate ... 118 0 . — Wellington Goa (£10) 15 15 0 16 2 6 Canterbury Meat 710 0 • — Ohristchurch Meat .....;... 15 0 0 — - Gear (£4i - 14 7 6 TJninn Staatn (ord.) 119. — leyland O'Brien ...; 10 0 — Manning and Co 3 18 6 Ward and Go — S 1 0 Taraaiaki Oil Welle 0 16 0 5 0 ARGENTINE ECONOMIC CONDITIONS. Argentina ia passing through troublous times. Economic conditions generally are Euch a* tall for the exercise, of tho utmost prudence, and the. reverses already sustained ae a consequence of more.or less natural occurrences have been aggravated by a serios of lapses from commercial morality , on' the part of persons in high positions.. Of these instances a few have been enumerated in a survey of tho situation by tho "River Plate Review." Amount them are "a local insurance company, tho manager of which disappeared with all tho resorves and funds; then an industrial company, an employee of which likewise disappeared with all the earnings for the year. Gufllcient to have raid a 10 per cent, dividend. Following theoo came a, momber of the staff of a- warehouse company, who forged tho signature of the president of tho concern, and put in circulation a number of bogus shares; ono or two banking institutions vjho?e directors ployed fast and loose with tho funds, and lastly a cooperative company, of which several of the leading employees falsified the yearly inventories, causing erroneous balancesheets to l>e published for three years. There are doubtless many more instances of a similar nature," concludes tho "Review," "but tho above arc the more prominent." They afford, however, abundant evidence of the urgent m>pd that exists for drastic action in the direction of securing an amendment of the law of the Republic with regard to eotnpiny management with control, and, incidentally, wo system—or look of system—of "'"lit.which makes such delinquencies possible. Oqetoms duty collected at tho port of Wellington yesterday ainousted to £1286 Is, .7d.

SOUTHERN GRAIN MARKETS. (Uy Toleirraph—Press Association.) Chrlstchurcti, September 18. The wheat market is very firm. A fow large growers, who still have, Btocks on hand, are in. most cases refusing to put a price upon their wheat. Beeontment hoe been expressed at any notion being taken to place restrictions upon the price of grain. It is therefore difficult to obtain wheat. A eale is reported to have taken place at ss. at a, country station. The. oats market is quieter, inquiry apparently having eased off, and there are very few offering* Oatshcaf chaff is also dull of Kale. The potato market is very dull, and prices are caeier, 30s. to 355. at country stations being all that is now offered. LONDON WOOL SALES. The Bank of New Zealand has received the following cable ineesago from its London office dated September 17:—''The eelling brokers have now decided to close 'the catalogue for tho fifth series of wool sales. Arrivals up to August 18 only, instead of September 21, have been included, and tho offorine-bas been, limitod to 60.000 bales." Messrs. Murray, Roberts and Co.. Ltd., have received advice from their London, friends, Messrs. Sanderson, Murray and Co., dated September 17, as follows:—"Fifth series of wool sales limited to new arrivals up to August 18; Merino sheepskins declined 2d. on last ealcs' rates." LONDON SHEEPSKIN SALE. Messrs. W. and Q. Turnbull and 00., Ltd., have received the following cabled information from . their London agents, under date September 17:—"Price declined Ud." WHEAT. By Telerrarh—Press Association—Copyright London, September 17. The wheat market.is steady. Australian is offered at 475. 6d. ■ . AUSTRALIAN MARKETS. Melbourne, September 18. Wheat, te. 10d.; Hour, £11; oats, 2s. lid. to 3s. Id.; barley, English 3s. 6d. to <ta., Cape 2s. 9d. to 35.; bran, £6 15e.; pollard, £7; maize, 3e. Ud.;.potatoes, to £4 15e.; onions, £10, I