COMMERCIAL ITEMS

Dominion, Volume 10, Issue 2954, 18 December 1916, Page 10

COMMERCIAL ITEMS

INVESTMENT SHARKS. In the investment share market on Saturday a aale of Huddart-Parker shares at--24b. Bd. was made on 'Change, and a sale of National Bank shares at £5 "was reported. The Quotations were as follow:— Buyers. tellers. £ e. d. £ s. d. Union . Bank — 54 0 0 N.Z. and River Plate .... — 2 10 Well. Invest. T. and A. ... - 010 6 Well. Trust, Loan, Ltd. 6 12 6 617 6 Well. Woollen (ord.) ...... 6 U 0 — Well. Woollen (pref.) .... 316 0 - / — Leyiand-O'Brlen 12 6 — N.Z. Drue 2 7 6 — Sharland' (ord.) 17 9 — Sharland (pref.) I 17 9. — Taranaki Oil Wells 0 10 — Customs duties collected at the port of Wellington on Saturday amounted to £2367 2s. Bd. N.Z. LOAN & MERCANTILE AGENCY CO. The, New Zealand Loan and Mercantile Agency Company, • Limited, have received a cablegram from the head office in Lon» ,don .advising that at the annual general meeting held on, December 14 final dividends were declared for the year ended June 30, 1916, at the rate of per cent, (less English income tax at 3s; 6d. in tlie £), making 5 per cent, for tlie year, on the live per cent, cumulative preference stock, and at the rate of 3i per cent, (less English income lax at . 3s. 6d. in the £); making 6 per cent, for the year, on the ordinary stock. Notice to New Zealand stockholders regarding payment of the dividends will be found in our advertisement columns.

LONDON WOOL SALES. (11 ec. December 17, 5.5 p.m.) ■ - London, December 16. The wool sales show the market to bo steady. Buyers are somewhat restrained, owing to high prices, and buying is apparently conflnod to consumers. . A quantity of good halfbred New Zealand wool belonging to United States owners, and for which licenses were unobtainable in New ,'Zealand is being realised at extreme prices, otherwise the offerings are very miscellaneous. Although prices are being maintained little keenness is bein'g manifested. Several parcels of slipes were withdrawn owing to high reserves. The following were the prices realised for'the fleece portion of the Wakio clip:— Top price, 29d., average 27 3-& d. The wool saleß were postponed; owing to fog. To. date, 15,978 bales have been catalogued, , and 13,686 sold.—Aus.-N.Z. Cable Assn.

Messrs. Dalgcty and Company, Limited, advise having received the following cablegrain from their London house, under date December 14 .—"The ■wool sales opened with a. very large attendance of buyers. Competition'was strong. The selection was poor, and was composed of second-hand and old clips. As compared with close of last sales merinos greasy combings 10 per cent-., : short 5 per cent.,. scoured 5 to 7i per cent.' higher. Greasy crossbred and slipes are also 10 per cent, higher." The New Zealand Loan and Mercantile Agency, Company, Limited, have received tho following cablegram from their London house, under date December 14:— "Wool market strong compared with November 10. Merino 5 per cent, to 10 per cent., crossbred about 10 per cent, dearer." Messrs. Levin and : Co., Ltd., have received the following cablegram from their London agents:—"The wool sales have opened with an advance of fully 10 per cent, all round on closing rates of last sales." The New Zealand Farmers' Co-operativo Distributing' Co., Ltd., report:—"Our London agents advise us that tho London wool sales have opened at all averago advance -of .10 per cent." ' . . \ Messrs. .Wright, Stephenson, and Co., Ltd., havo received tho following cablegram from their London office, under date December 15:—Wool sales: All crossbreds 10 per cent, higher." UNION STEAM SHAKES. (Kcc. December 17, 5.5 p.m.) London, Dovunber 16. ; Union Steam Ship shares aro quoted buyers 51s;, sellers 54s.—Aus.-N.Z. Cable Assn. . , ' LONDON COMMERCIAL. ,» ' (Eec. December 17, 5.5 p.m.) ' .. . London, December 16. Jute—Native first mark 6, November-. December delivery, £42 per ton. New Zealand hemp is quiet and nominally unaltered. . ' ■ Copra.—October-December shipment, £40 per ton. liubh'er.—Hard fine Para, 3s. 4d. -jier lb.; plantation, 2s. 103 d.; smoked'-, sheets, 2s.•lCJd. Hides are in small supply, and aro firm. .'Australian, 12gd. to 14 3-Bd. ■ Leather is scarce. Best Australian, 22d. to 25jd. ■ , ' Basils.—Few offering. First Australians, 28d. to 30d. ■ Itabbits are in good demand and -linn. ■ •Mutton—New Zealand, Bid.; Australian and South American, Sid. . ( Lamb.—New Zealand and Australian, 9|d.; South American, 9 3-Bd.—Aus.-N.Z. Cable Assn.