COMMERCIAL ITEMS

Dominion, Volume 9, Issue 2645, 16 December 1915, Page 8

COMMERCIAL ITEMS

. INVESTILENT SHAEES. There* was nothing doing in the investment market yesterday.- The quotation* were ne follow:— ' Buyers. Seller*. £ s. d. £ s. d. National Bank 5 2 6 — Bank N. 55. (£3 os. Bd.) ... - 10 3 6 Bank N.Z. (£6 13s. 4d.) ... 16 2 0 16 5 0 Well. Invest T. and A. .. — 0 11 0 Well. Gas (£10) — 16 0 0 Well. Gas (pref.) — 0 19 0 Xational Insurance — 2 6 3 N.Z. Insurance — 6 7 6 South British Insurance 4 15 6 IGeer Meat (£1) 4 0 0 — N.Z. Shipping (ord.) — 18 0 0 Well. Woollen (ord.) 4 19 0 — Well. Woollen (pref.) 3 6 6 ~ — Westport Coal , — 18 6 |Cum div. : NATIONAL:BANK. , The general manager of the National Bank of- New. Zealand, Ltd., yesterday, received' a cable message from London advising .that the Beard of Directors has declared interim dividend for the halfyear ending-September 30 last at the rate of 12 per cent, per annum, which will be paid in the Dominion on January 4. Customs duty collected at the port of Wellington yesterday amounted to £6257 15s. 10d.. NAPIER WOOL SALE. By Teleeraph.—Press Association. Napier, December 15. Bidding -was very spirited at tho D& cember wool sales held at Napier to-day. American and Bradford buyers operated freely, the latter bidding more freely than at the November sales, while the former were not so keen. The catalogue comprised 15,685 bales, against 18,964 last year, the drop being due to showers and private sales. Taken all Tound, the wool was not quite equal to that of last year, the drought having had an effect upon the staple. One noticeable feature wan that whereas the wool in the past has been ten inches in length, this year it was between six apd seven inches. The wool was finer than last year's, there being more yolke in it than has been the case for some years. It was also noticeable that many well-known clips were not included in the catalogue, the owners having taken advantage of the high prices offering privately. In some cases wool -realised id. to Id. above brokers' reserves, whereas pieces' and bellies brought from lfcd. to 2Jd. above brokers' reserves. Competition was very limited, and the major portion catalogue was disposed'of, although some .lots that did not reach vendors' reserves were passed 'in. Prices were practically on a par with November sale's rates, but pieces aud bellies sold at an advance. On account of lack of keenness in the American demand there was a j drop of 2d. in finer clips. | LONDON WOOL SALES. By Telegraph—Press Association—Copyright ' , London, December 14. • The wool market is very animated at fu>ll. rates •on recent advance. "Kagutone," top price was 32d., average 30 3-Bd. Tho New Zealand Formers'. Co-op. Distributing Co., Ltd., : have received the following cablegram from London, dated Decern-' ber 15:—"wool about five per cent, higher all round sinc-e opening." WHEAT SELLEB-S WITHDRAW By Telegraph—Press Association—Copyright London, December 14. Australian wheat sellers have -withdrawn from the;'market. . No reason is given. Considerable astonishment wa-s expressed at the action- in view, of the excellent prices obtainable,, and the prospects of heavy competition shortly by Argentina, which is expected'to. have sixteeu million quarters for export. ' "The general market is firm, with good inquiry for wheat and flour for the Mediterranean, which North AmoTica i 6 filling. ARGENTINE MEAT. . London, December 14. Argentine '. shipments of mutton total - 54,000 • carcasses; lamb, 14,000 carcasses* . frozen beef,' 192,000 quarters; chilled, 62,000 quarters. •• lIETAI, - MARKETS. London, December 14. Copper.—On spot, £76 12s. 6d. to £76 17s. fid.; at three monllis, £77 ss. to £77 10s. Tin.—On the epot, £168 ss. to £168 155.at three months, £167 15s. to £168 ss. Pig-iron, 755. ; 6d. Lead.—Spot, £2S 2s. £d.; forward, £27 10s. Spelter.—Spot, £85; forward, £75. At the Concert Chamber of the Town Hall on Friday evening Professor Kirlc will give a lantern lecture on "Flies antl Public Health." Messrs. Abraham and Williams's Levin sale will be held to-morrow, when a large number of cattle will be offered.