COMMERCIAL.

Sun (Christchurch), Volume I, Issue 253, 28 November 1914, Page 11

COMMERCIAL.

* MOUNT LYELL COPPER. By Cable. — Press Association. — Copyright, (Received November 28, 9.35 a.m.) MELBOURNE, November 28. At the half-yearly meeting of the' Mount Lyell Company, the chairman said the directors were disappointed that they were unable to declare a dividend, but they were fortunate in being able to continue operations, though they did not like accepting the low prices offering. Since the war started 3300 tons of copper had been sold at £52 6/- per ton, and they could sell now more than they had for sale.

DROUGHT IN AUSTRALIA.

BANK'S FINANCIAL ASSISTANCE

(Received November 28, 9.35 a.m.) SYDNEY, November 28. * The chairman of the Bank of New .

South Wales, referring to the effect* , of the drought, said the bank's business was so well spread that such conditions do not involve more than a temporary set-back to its constituents engaged in the wheat industry. The bank is ready to afford financial aid to enable them to meet and retrieve the situation. UNION STEAMSHIP CO. The Christchurch,' Stock Exchange haa been advised by telegram this day that the annual general meeting of share- \' r holders in the Union Steani Ship Co. . of N.Z., Ltd., will be held in Dunedin on Wednesday, December 16.

THE SHARE MARKET.

The investment and mining markets have botli been, quiet during the past week, but have for the. most part shown a more con- . fident tone. There are constant buyers for ; all the well-established investment stocks, and there are more buyers than sellers. Buyers are inclined to advance their prices somewhat, and holders seem inclined to await the prospect of a better market. The mining market has remained practically stationary. / BANKS. - The reported transactions are as follow: — Bank of N.Z. (£3 6/8 -paid), -£lO 2/6. Bank of N.Z. (fully paid), £ls 8/-. , Union Banks, £sl 15/-, £sl 5/-, £52 10/-. The following are the latest quotation?:—" ~ .-..' Buyers. , Sellers. Union Bank . . .. £sllO 0 £52. 0 C Bank of N.Z. (old) 10 1 0 10 5 "C Bank of N.Z.. (new) 15 7 6 National Bank ~ 5 3 0 5,51 - •'..'.■. . - . gas; ' The only sale under this .heading was a line of Christchurch Gas at £7 2/6. There '• are further sellers of this stock at £7 3/-. '"" INSURANCE. Shares in this section show little variation, and no. sales have been reported. The latesl quotations are as follow: Buyers. Sellers. New Zealand .:.'■ ..' £5 14 0 £5 1* 0 ■ South British. .... 4 10 ~ ■■{■\\(i :/:j shibpinG' ; : i : - ? -. ' "" ■ No sales have been reported under this heading. Union Steam Ship Company's shares have advanced in price. '■ Buyers are "OW'Tivi offering £1 witlvmo sellers' under £l, 2/3.,,Vj .'.'"' ".""-" X 'v"''OOAli'.' . A sale of Taupirls was recorded at 17/6. The latest Auckland quotation quotes buyers of this: issue at" 16/9, with sellers at-17/3. , There are buyers of "Westport-Stocfctons at 4/3, with sellers quoting 4/6. ' Sellers of Westport Coal, Company sharei are quoting £1 Ml/-'. '; MEATS. ■ Christchurch Meat Company: No sales of these shares have been reported since the , outbreak of war. During; the early part of the week buyers offered £ls 10/-, but buyers' prices later advanced to £ls 15/- 'without business resulting. Buyers of Canterbury Frozen Meat Company's preference issue are quoting £5 2/-,

miscellaneous: The only sale reported under this heading was Ward's Brewery at £5. Diinedin buyers of Whitcoinbc and Tombs are offering £5 12/6, with sellers quoted af<~ £5 15/-. •■*•'■ New. Zealand Farmers' Co-ops. are quoted at £2 l-3/6. without sellers. Sellers of D.I.C, preference quote £l. 'mining. ■ '

AVaihi: The firm increase which took place fast week has been" maintaine'd, but tins we'ek, prices have remained practically stationary. A sale was reported early in the week at £1 18/-,-with subsequent sales at £1 17/6 and £1 17/3. The latest prices show: Buyers 37/-, sellers 37/3.

Grand Junctions: Sales have been reported at 24/6 and 24/3. Latest Auckland quotations show buyers 23/9, sellers 24/3.

.Talismans: Several sales have been reported this week at prices ranging from 28/9 to 29/6. Ross: Sales have been advised at from 1/M to 1/4.

DUNEDIN STOCK EXCHANGE. Press Association. , DUNEDIN, November 28. Sales: Union Steams 22/3, Junction 24/3.