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1 , l" X F.l'i 1N STAI!R-BOWKETT SOCIETY. Several shareholders in the Dunedin Starr-Bi.ukett. Society attended the meeting in tho Oddfellows' Hall, Stuart street, last nicrht to witness the balloting for two free loans of £SOO each. Mr G. T. Stooues, .chairman of directors, presided. In No. 2 group cluster 81 drew the lucky marble, the shares in this cluster being held bv two persons. In •jronp No. 3 marble 363 came out of the box, the shares being tho property of one person. The chairman spoke of the continuous interest taken by the general public in this the oldest of the Sta-rr-Bowkett Societies in Dunedin, .and mentioned that several shares had been taken in No. 3 group durinc the week by persons who wish to partake of the benefits offered. NAPIER WOOL SALES. The second wool sale of the season was held yesterday, when 18.964 bales were offered to the usual attendance of buyers. The condition of the wool -was not up to the average, being heavier in grease and containing a large quantity of dust. There was a general falling oil in prices. The drop in tho higher grades was from id to jjd, and on inferior wiiols from Id to ljd. THE PRICE OF BREAD. Press Association —By Telegraph—Copyright. SYDNEY, December 16. A meeting of master bakers protested that the increase in the nriee of bread was not commensurate witb the increased priie of flour and the cost of production. THE WHEAT MARKET. LONDON, December 16. (Received December 17. at 12.40 p.m.) Wheat. —Firm, and with sellers asking more. REDUCTION OF WAR RISK RATES. Wo have authority For saying that there has been a substantial reduction, as the subjoined tnble will show, on the rates charged for war risks a? from the disappearance of the German squadron from South Pacific and Indian waters : December 15.—A1l voyages out and Home, 1J per cent. December" 16.—A1l voyages out and Home, li per cent. Dccmlcr 14 —Voyages to India and the Far East, li; per cent. December 15.—Voyages to India and the Far East, 1 per cent.

The view that commercial men should not express opinions as to the terms of peace which should be demanded by the Allies at the close of the war was expressed at last week's meeting of the council of the Auckland Chamber of Commerce by Mr Hart. Kent, president ('reports tho "Herald'). His remarks were in the nature of a criticism of a statement made hv the chairman of the Auckland .Stock l-'schango. Mr 0. A. Buttle, at the recent annual meeting of the exchange, to the following effect:—"Although the war is far from ended. I think the time is at hand when the chambers of commerce, stock exchanges, and other similar associations in the Overseas Dominions should begin to voice their opinions as to tho terms which sbould be demanded from our enemies before peace is consummated." From this view Mr Kent said he wholly dissented, and he hoped that at least tho chambers of commerce of New • Zealand would respect themselves and the Imperial Government by refraining from the discussion of such a subject. ''The war continues, and will continue for a great many months to come," Mr Kent remarked, "the most heart-breaking, appalling, bitter, and hideous thing conceivable, and a million and more splendid lives will yet have to be sacrificed before peace terms can even be approached by the very highest authorities. Our plain duty, as men engaged in commerce, is to go quietly and firmly forward, doing everything we can to encourage our trades and manufactures, to fully restore and maintain (financial confidence, and to leave the consideration of peace terms to the British, French, Russian, and Belgian Imperial authorities, who by and by will know, a million times better than we can ever know, what terms of peace are practicable and what are not.'* The president's remarks were greeted with applause, and received the entire endorsement of all members present.

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COMMERCIAL., Issue 15678, 17 December 1914

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COMMERCIAL. Issue 15678, 17 December 1914

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