COMMERCIAL ITEMS.

Dominion, Volume 4, Issue 1029, 19 January 1911, Page 8

COMMERCIAL ITEMS.

INVESTMENT SHAKES. Transactions in investment shares recorded yesterday were National Bank £5 14s. fid., and Ward and Co., £5 ss. The Quotations were as under:— Buyers Sellers. t £ s. d. £ s. d. National Bank- 5 14 6 5 15 0 Bank N.Z 10 12 6 10 14 0 , Wellington Investment .... 0 11 0 — Well. Trust and Loan 712 6 • — Ghri-stehurch Gas 9 15 0 — Port Chalmers Gas — 0 19 0 Wellington Gas (£10) 19 2 6 - Wellington Gas (£6 155.) . 13 15 0 - Gear Meat (£1) 3 16 . —. Meat Export (525. 6d.) .... — 33 0 Union — 1 17 0 Kaiapoi Woollen 5 0 0 — Well. Woollen (ord.) 3 15 0 — Taupiri Coal 10 6 ~ D.1.0. Preference — 13 6 Leyland-O'Brien ; 17 0 — Manning and Co 4 7 6 — N.Z. Con. Dental 12 6 — N.Z. Paper Mills 1 ,3 0 - TarmgamutuTotara 2 5 0 — Ward and Co — 5 5 0 THE WOOL MARKET. . The London wool sales have opened with a decline in values of, 5 to 10 uer cent. on the closing sales of last year, and this fall was not unexpected. According to the High Coromisisioner's repol't, fine wools have declined a halfpenny per lb.', arid coarse wools three-farthings. The attendance was cood at the opening, but American and ; Continental representatives wero more or less spectators. Tho Home trade had tho market to itself practically, and it may be 6et down as certain that no fancy prices were paid. . Tho brokers'-reports trive a fair idea of tho trend of the. market. . j FROZEN MEAT.- ■ ' - I It seems now tolerably certain that,some I Continental countries will open their door's j to frozen meat, but it is the Argentine that I will benefit principally. Austria is already [taking limited quantities of South AmenI can meat, and it is stated that Switzerland i is.to become an importer, but it is doubtfitl whether Germany or France .will fall into line with the others. Although Argen- , tina is so favoured, the other exporting ; countries derive indirect benefit..from .the fact that what is diverted,to tho Continent relieves the. British market; .The Argentine is 'constantly held up to tho New Zealand frozen meat "trade, as ail* examplo. . We were'assured that the Argentine , shipments are regular, and the market is better handled by importers cf South American meat. It teems, however, that mistakes cau occur in the Argentine trade.. Accordine to the Meat Market report of the' Colonial Consignment and Distributing Company, dated December 9. the position of importers .of South American mutton "has been very .different from that of their New Zealand • colleagues. Stocks have.; weighed rather heavily, and prices liavo ruled low in the endeavour to stimulate a rather sluggish demand." With respect..to ; beef, the rarae report contains the following:— "The feature, of recent markets has been the heavy supply of South. American chilled beef, .whieh may almost be said to have dominated the position. . Hindquarters'of this description can be bought at prices ranging from 2U. to 3Jd. ner lb., and fores eommvid no more than 2)d. to 2id. per lb. These attractive prices almost monopolize the,'retailers' attention, but \ l he stocks ap* pear to. require 1 sales to still be pressed." Customs revenue collected at the port of Wellington yesterday amounted to £1973 lCs. ld ft . ' BANK OF VICTORIA. ' ' By Tekgra-ph—Press Assodation-Copyrietoi. Melbourne, January 18. Tho;yearly report of the Bank of Victoria : shows profits totalling £54,907. It is proposed to .pay a dividend of six per centum, to place to reserve £10,CC0. and to carry forward £12,349. i SHAKES AND DEBENTURES. LONDON QUOTATIONS. By Telegraph—Press Association—Copyright. . London] January 17. Sharomarket quotations include:—Bank of Australia, buyers -£115, sellers £116: Union Bank,, buyers £64, .sellers £65j New Zealand Loan.and Mercantile,"£9s; City of Melbourne, £ICO lfe.; City of Melbourne Trams, £102... ... . ;. SILVER. By Telegraph—Press Association—Copyright London, January 17. Ba.r. silver is Quoted at 243 d. 'per ounce standard.