COMMERCIAL ITEMS

Dominion, Volume 8, Issue 2411, 17 March 1915, Page 8

COMMERCIAL ITEMS

' INVESTMENT SHARES. " In the investment ; market sales wererecorded of National Bank at £5 95.; Bank of New Zealand (old) at £10 195.; (new) at £17 4s. The quotations _were as under;— . Buyers. Seller;.' £.s. d. -. £p. d. National Bank ; 5 9 0 610 0 Bank N.Z/(£3 6s. 3d. pd.) 11 0 0 11 2 0 Wei!. .frost Loan, Ltd...: 7 5 6 — Well. Gas (£10) 16 a 6 . . - .. N.Z. Shipping (pref.) 10 10 0 . . Union Steam (ord.) ..- 13 9 1 4.i3 Union Steam (pref.) 10 7 1 "1 0 Kaiapoi Woollen (pref.) .5 0 0 ■■■'—. Mosgiel Woollen 315 0 \ — . Well. Woollen (pref.) 3 3b — , Westnort 112 6,. ' WestportrStockton — >•< 0 5 'l Golden Bay Cement 1 0 ( — Ward and Co. 5 12.6 6 0 0 Manning and Co.'a — 5 0 0 W.F.O.A; (£s)' — 6 5 0. Taranaki Petrol — 0 3 3. Customs duty collected at the port of : Wellington yesterday amounted to £1870.85. DUNEDIN WOOL SALE. t (By Telegraph—Presn Association.); }- Dunedln, March 16."'. A supplementary wool sale was held this, afternoon, when about 1500 bales, comprising late storm - clips,- and stragglers' lots were offered. There was a; .Targe attendance of buyers, including a- good number from overseas, and competition was exceedingly keen. Prices for orossbred fleece were Id. to lid. per lb. above those ruling at Mbruary sale, while' merinos were also firmer. Pieces, bellies, and locks sold at about last sale rate, while crutchings were Id- to sd. dearer. A ; ,fair amount of slipe wool was offered;' and realised up to 183 d. for crossbred, and 20Jd. for lambs. ' > > ' v. The following is the range of prices;— Merino, super, ,12d. to ,14d.; medium to good, Ifld. to 113 d.; Inferior, 9d. to 10d.; lialfbred, super, Md. to 16d.; medium to good, 12} d., to 133 d.; inferior, lid. to 12d.; crossbred, super,. 14id. to 16Jd.; medium to good, 12id. to 'Mid.; inferior, 10} d. tO:-.12d.; pieces, super, ,113 d. to 133 d.; medium to good, 95 to lljd.;' inferior, 7Jd....t0 9d.; crutchings, Bd. to 10} d.; locks. ;4d.. to 7id. . SOUTHERN MARKETS.. . Ohristchurch, March. 16. A cable message froih Melbourne stated that the price fixed-, by the Government for ' flour made from imported, wheat was £16 per ton. A'/private cable message was Kent to Melbourne from Ohristchurch asking if this was correct. A reply has been received stating that the price . fixed was £17 per ton. Imported wheat cost Os. 3d. per bushel, and -was sold to millers at 7s. Bd., -on the understanding, that the price of llour was not more than £17 per ton, millers 'to make their- own terms regarding the price of bran and pollard. The price quoted"-in Melbourne for -bran is £9, and for polard . £11 ss. per - ton, prices for flour, bran,, and pollard being net. - • -; ■ ■■' ' •An attempt has been made to show.-that flour in Ohristchiyrch at £17 10s. ;pe'r,ton is, proportionately higher Ihan -that - made' from wheat costing more' money in. Melbourne, but in Ohristchurch the price of bran is only £7-ss. or £7 per ton,for- shipping, and pollardv is £8,- as-against. £9 and £11 ss. net for bran and . pollard' respectively in Melbourne. . The OhrisGkhuroh prices for flour, -bran, and pollard-. ;ar«' all less 2i per cent. . ,;v ■ The local wheat market has eased some-' what further,- and the average-price' i* now about.6s. 9d. at conntry stations. A few sales.have been made as low as.6s. Bd., and the outside price is now not more than 6s. lOd. The l ' proclamation . prohibiting the export of oats has had a steadying effect ■upon the market for this cereal. , Inquiries have.been .made by merchants' as to' whether they will be allowed to complete contraotq entered into with Australian buyers, and a reply has been received from, the Premier to the effect that they .'willnot be allowed to do so, except under exceptional circumstances. Prices have shown no change, but there is an easier feeling in the market. A fair amount of business is, being-.dono in potatoes at £4 for early delivery,, growers apparently being now willing to sac'-, cept this price off,the forks. , The main crop is said to be turning out/ very well. 'WHEAT.',/, (By .Telegraph,—Assn.—Copyright.) • . (Rec. March. ,16, p.m.) , ; V, ' London, March 15; ; The wheat market 'is. slow; ami/prices are unchanged. .' .' i. . METAL MARKETS. London, March 15. ■ Copper—On the spot, £65 ss. to £65 10s.; three months. £65 15s. to £66; electrolytic,' £70 ss. to £70 153.: Tin.—On tlic spot, £190 to £190 10s.; three mouths, £166 10s. Lto £167.' •Pig-iron—6ls. Lead—Soft foreign, £22 ss. to £22 10s. Si'vcr.—Bar silver is quoted at 24Jd. per ounce standard. .