COMMERCIAL.

Taranaki Daily News, Volume LV, Issue 197, 9 January 1913, Page 3

COMMERCIAL.

J THE UNION BANK. % Cable—Press Association—Copyright. / London, January 7. I The Union Bank of Australia has declared a dividend of 10 per cent, and a tonus of 2 per cent. It has placed £50,«00 to the reserve and carried forward [£48,348.

f LONDON MARKETS. London, Janaury 7. Silver, 20 3-8 d per ounce. Share quotations.—Bank of Australasit flin and £l2], Bank of New Soutk Wales f:i!) and £4l, Union Bank £SB 10s and £SO ]os, National Bank of New Zealand £5 10s and £O. Bank of New Zealand guaranteed stock 08. shares £ll 10s and £l2. New Zealand Loan £9O.

WOOL SALE RECOItD. By Telegraph—Press Association. Napier, Wednesday. The individual offering of 7000 bales at Christchurch wool sales is very far from a Dominion record, as claimed. Five or six years ago Dalgety.'s put up 8100 bales in Wellington, and this week they offer 7505 bales. Last Friday at. the Napier sale the Farmers' Association auctioned 7170. Messrs. Wright and Stevenson, of .Dunedin. have also toppeft seven thousand bales.

WELLINGTON WOOL SALES. . Wellington, Wednesday. The Wellington wool sales opened today. There was a large attendance of buyers and a record catalogue, totalling nearly 20,000 bales. The wool is heavie? m condition, but, notwithstanding this prices show a drop of fully a halfpenny' on the December prices. American buying is slack, competition coming chiefly trom Bradford and the Continent. Local mills are also a factor in the sales