COMMERCIAL ITEMS

Dominion, Volume 9, Issue 2785, 1 June 1916, Page 8

COMMERCIAL ITEMS

INVESTMENT SHAKES. Tho sdlo of investment shares yesterday were'as follow:—

Customs duty collected. at the port or Wellington yesterday amounted to £5127 10s. lfld. LONDON WOOL SALES. By Telegi aph—Press Association—Jopyright (itec. May 31, 8.15 p.ra.» London, May 3!. At the wool sales 5615 baie& were otfered. There wus an excellent selection, chiefly of New. tt&alana .and West Australian. There wus a large attendance or buyers, and Iteen competition, especially In merinos, owing to the scarcity ol supplier. The boat sorts advanced 10 per cent,. -while average sorts advanced fiom 5 to per cent., and crot-sbreds tally 5 per cent. Medium sorts weie low, and barely mainwined the previous levels. Tho wool traac considers that it is unlikely that the Australian embargo will be removed. The general impression is mat the situation demands tnc conservation of merinos during tho nest few montHs. Messrs. Dalgety and Company, Limited ,* have received, the following cablegram from their London oflico, under date ot May 50:—"The fourth series of wool sales has opened. The selection comprised mostly crossbreds and Westralian wools. There is a good attendance of buyers, and com« I petition is animated. As compared .with 1 the closlug rwtw ot last sale, juerinos have j advanced 5 to 7J per cent., good combing I showing occasionally a further advance. ! Fine crosslKcds are 5 per cent, dearer, and medium and coarse unchanged. For tbo fifth series ot sales, commencing on July 11, the limit has been fixed <it 100,CCO bales of net new arrivals. The sixth series ha© been arranged to open on September 5, and limit, if any. will be fixed later. Subsequent sales will bo held at frequent intervals." Tho Bank of Nenv Zealand has received the following cablegram, under date May . 30:—The sales have oipened with strong' j competition. Fine crossbrcds and merinos hftvo advanced 5 to 7i per cent. >• other qualities unchanged. Messrs. Abraham iand WiTlfams, Ltd., have received tho following cable incssago from their London agents, dated May 30:— The market is quite Q per cent, up for merino©, and shows a rise of 5 per cent, for fine crossbttjd. All other wools aTc on e. par with last sale rates. Mcssr3. Muvrav. !ft©v>«rta ar,A CUx. T AA..

have rcooivod a cablegram from their London friends, Messrs. Sanderson, Murray and Co., dated May 30, as under:—"Sales opened Arm, with good attendance. Merino advanced 5 por cent. I<> 7J per cent; fine crossbred advanced 5 per cent.; medium to coarso crossbred shawa no change." The New Zealand Loan and Mercantile Agency Company. Ltd., has Received tho following cablegram from its London houso, under dato May 30:—"London Wool Sales.— There war r.t.Tong competition at the opening sales. Merino ia 5 per cent, to 71 per cent,, higher than'at May 5. The market is firm, .with an upward tendency fojr medium, and. coarse crossbred is about tho same as last sales. The limit for tho fifth series of sales (July 11) is ICO,CCO bales, and the date of the sixth sories lias been fixed for September 5." Messrs. W. and G r . Tumbull and Co., Ltd., advise having received the following cable message from their tendon agents, under date of Tiny 30:—Trosebrcdu, fine, five per cent, advance; o'.hers firm, unchanged." WHEAT.' (Ree. May 31, 8.15 p.m.) \ By Telegraph—Press Association—Copyright London, May 31. Wheat is dull of sale, on account, of tho Amc-rlcan weakness. / Calcutta, May 30. The final estimate of tho wneat crop Is 39} million quarters, nearly 16 per sent, of a decrease as compared with 1915. METALS. (Rec. May 31, 8.15 p.m.) London, May 30. Antimony, £10 15s. Silver.—Brokers who are buying for Continental mints have agreed to -refrain from outbidding each other. Tho recent selling cleared much of the silver that was weakly held from the market, causing a healthier undertone.

Buyers. Sellers Ji fl. d. £ s. d. National Bank- 5 8 0 — • iiauk K.Z. (.fc3 6s. 8d.) ... 11 4 0 1110 0 Bank N.Z. {£o 13s. 0d.) ... 1/7 6 — Union ilank — 66 0 0 National Mortgage — 3 19 6 Well. Dep. and JLort » — u u u tsapier lias 1£1U) 15 10 0 Well. Gas (pref.) 019 0 — Jv./i. siiuupitirf iurd.1 a u u - Union Steam (ipref.) 1 1 3 — Kaiapoi Woollen (orcl,) ... — 6 0 0 Well. Woollen lord.) 6 0 0 — Taupiri Goal 0 12 6 — WestpurWjtocJiiton 0 6 5 0 6 '11 toyland-O'JJrien 119 -- N.i5. Drue H 5 0 — Golilen ilay L'emcnt 1 2 U — Golden Bay .Ccmont Debentures — Par VTliitcomb'e and Tombs ... 6 9 0 —