COMMERCIAL ITEMS

Dominion, Volume 8, Issue 2574, 23 September 1915, Page 8

COMMERCIAL ITEMS

INVESTMENT SHARES ' The sales recorded in the investment market yesterday were Union Steam, ordinary. 225. 9d. (two parcels). and Bank of New Zealand, new, £16 6b. The quotations were as follow:—

. - PRICE OF FLOUR. RECORD WHEAT CROP IN ALBERTA. On Tuesday reference in THE DOMINION to the easement.-m the price of (lour gave rise to some comment on the subject on the; part of a' local flour merchant well posted-in the prevailing conditions. Our ■informant was inclined to believe that.t-ho drop, had been brought about by two. main factors. One was tho large quantity ■;of ,-flour that was being imported from America— flour- of a quality that was finding- favour with the bakers—and which naturally decreased the demand for: New Zealand flour,:,to tho extent of the quan-. tity imported, and in the second place to the: fairly substantial stocks held in tho south. .Whilst - the export of . flour to Australia- had been prohibited by tho Government-, the ultase did not extend to bran and pollard, which had Been bringing very high prices in the Commonwealth. To supply that market . the wheat had to bo ground, and-at the present time some of. the:' mills in the south -were fully stocked with flour, which the holders will naturally wish to get rid of whilst the price' holds up, and before there is a possibility of Australia's new season's flour—due in De-cember-Effecting, the. market. . . . News was'received on Tuesday from Calgary, the centre of one of Canada's biggest wheait areas, stating that the threat of an early freeze had not developed, and 'there was every promise of a record crop of wheat._ From point of view this is good news,-and is another indication. that the "price of flour in New Zealand is likely .to recede within'the' next three months. :

Customs duty collected at the port, of Wellington yesterday' amounted to £2504 9s. 3d.

LONDON WOOL SALES. By Telesroph—Press Association—Copyright . London, September 21. The wool market.is nominal. Best wools are firm, .prices -unchanged. All others arc slow of-.Ealo and ncglected. Prices realised: Dunlop, top v price 31d.. average 29£ d.; Padthaway, 17jjcl. and 15§d. New

Zealand clips: Arakihi, l?id. and 161(1.; Dnuuferu, 18d. and 17£ d.; Pare, lod. ami 14 W- • • , -i.i i For the seventh series, which will. be held on Octobcr 26, tho list closed last Saturday. The eighth series will be held on December 7. The New Zealand Loan and Mercantile Agency Company, Ltd., has received the following cablegram from London < under date September 21:—"Uo change in the market. For crossbred and ecoured and slipe tho market is "weak. The next sales open on October 26; and the following series on December 7." * , Messrs. Murray, Koberla, and Co., Ltd., received a cablegram from London under date. September 21, a 0 foUaws:—'/Seventh series commences Octobcr 25, list ■ ior which closed on September 16., Eighth scries commences December 7; limit not yet fixed." , , , Messrs. DaJgety and Co., Ltd., liave received the following" cablegram from London:—"The tone of- the market is rather better, and tho export license is being granted more freely. The date of our own sales have been altered from September 23 to September 25." • WHEAT. . By Telegraph—lVess Association—Copyright (ReO. September 22, 8.20 p.m.) . London, September 21. The wheat market is quieter and steadier. * . (Rec. September 22, 11 p.m.) London, September 22. The American visible supply of wheat i 6 estimated at 23/99,000 "bushels. Chicago quotations: • December options, and 923 cents; May, 978 and 96 cents. 'METAL MARKET. . London, September 21. Copper.—On the spot, £70 7s. 6d. to £70 12-s. 6d.; three months. £71 10s. to £71 15s. Tin.—On the spot, £153 to £153.105.; three months, £153 15s. to £154 ss. Lead.—Soft foreign, epot, £23 125.. 6d.; forward, £22 12s. 6d. Spelter—Cash, £67; forward, £60. Silver, 233 d. per ounce standard. Antimony, 9s. 6d. to 10s. per unit. • Wolfram, 355. Molybdenite, 108s.

Buycra. Sellers. £ 6. d. £ 6. d. National' Bank 4 17 6 .500 Bk.;; N.Z. «3 fo., ; 8d.) .10 3 0 - , N.Z. and Riveri'Platc .... —. 2 2 6 Well. Invest. T. and A. ■: . — ' 0 110 Well. Trust,- Loan, Ltd. ... — 7 7 0 Well. Dep. and Mort. .... — 0 7 9 Christcluirch .Gas (£5) .. — 710 0 South' Britisli. Insurance — ' 4 15 0 Standard Insurance .;.... — ■ . ■ 1,12 .9. •Geafc Meat- (£1) — '.4', 8 0 Kaiapoi Woollen (ord.) . 5 5 0 5 '7 6 Manning and. Co., 4 12 6 - — Golden Bay, Cement .....,, — 019 6