COTTON TRADE.

Press, Volume LXVII, Issue 20314, 13 August 1931, Page 10

COTTON TRADE.

effect of low price. HEAVY LOSS TO LANCASHIRE. ' (BRITISH OFFICIAL WIRELESS.) i (Received August 12th, 7.30 p.m.) ■ RUGBY, August 11. Heavy losses were inflicted on thi i cotton trad© of Lancashire owing t< the drop in price of raw cotton yester day to a general level of 3.64 pence pe lb, which is the lowest recorded figure for 31 years. The drop is the seque to the surprisingly high estimate of thi American cotton crop, in addition t< ' the season's crop, which is expectec ; to yield 15,000,000 bales. There ar< 9,000,000 bales from previous crops ii , stock in the United States and else where. The stocks of raw cotton held ii England are estimated at almosl l.() 00,000 bales, upon which the drop ii value amounts in the aggregate t( about £1,500,000. SHEFFIELD WAKE, IMITATION GOLD. NEW PROCESS DISCOVERED. IBEiTisn omciii wireless.) (Received August 12th, 7.30 p.m.) EUGBY, August 11. A new process for making articles of table-ware such as forks and spoons, having the appearance of real gold, at less cost than similar articles can be produced in electro-plated nickel and silver, has been discovered in Sheffield. Already tho articles are proving to be in steady demand. GERMAN BANK RATE (UNITED PRESS ASSOCIATION—EV ILBCTBIO TELEGRAPH —COPYRIGHT.) BERLIN, August 11. The bank rato has been reduced from 15 to 10 per cent. DALGETY AND COMPANY. (VNITED TRESS ASSOCIATION—BT ELECTRIC TELEGRAPH— COPYRIGHT.) (Received August 12th, 5.5 p.m.) LONDON, August 11. Ualgety and Company's snares, £5 15s; debenture stock, £GG. PRICE OF GOLD. (Received August 12th, 5.5 p.m.) LONDON, August 11. Gold is quoted at 84« 10|d a fine ounce. PRICE OF SILVER. (BRITISH OFFICIAL WIRELESS.) (Received August 12th, 5.5 p.m.) RUGBY, August 11. Silver is quoted— Spot and forward: 12|d an ounce. ROYAL SHOW. JUDGES APPOINTED. Tho following judges have signified their willingness to act at the next Royal Show in • Christchurch on November 11th, 12th, and 13th: Horses. Clydesdales and Working Horses — Sir A. Hunter, Hawera. Thoroughhreds, Hunters, and Saddle Horses—Mr C. O. T. Rutherford, Blenheim. Trotters, Harness Horses, and Ponies—Mr B. Roberts, Ashburton. Cobs and Ponies—Mr C. L. Orbell, Timaru. Cattle. Aberdeen-Angus—Mr Alan Grant, Waimate, South Canterbury. Ayrshires—Mr F. Mills, jun., Hlawera. Herefords —Mr H. B. Stuckey, Dannevirke. Jersey—Mr R. J. Linn; New Plymouth. Milking Shorthorne—Mr J. M. Ranstead. Matangi. Red Polls—Mr J. W. Harding, Waipukurau. Shorthorns—Mr A. Turnbull, Waitara, Taranaki. Sheep. Border Leicester Ewes—Mr G. D. McKerchar, Ma Waro, South Canterbury. Corriedale Rams —Mr S. W. Ay son, Wnikaka, Gore. Corriedale Ewes —Mr J. Stringfellow. Greytown. English Leicester Rams—Mr A. J. Murray, Kaikoura. English Leicester Ewes—Mr T. S. Little. Oamaru. Lincolns —Mr D. McGregor, Masterton. Merinos (Fin© Combing)—Mr H. Y. Mouro, Blenheim. Romney Marsh—Mr W. K. Morton, Silverhope, Marton. Ryelands—Mr L. R. Averill, Hasting ß - - W. Swale, Limehills, Southland. SouthdoTns —Mr W. J. Gimblett, Hastings. Balfbr^ds—Mr N. Hayes, Hakataramea. Pigs. Berkshires and Tamworths—Mr E. Wall, Hastings. Large Whites and Large Blacks — Mr J. A. McLinden, M.R.C.V.S., Massey College, Palmerston North. Export Pigs—Mr J. A. Russell, Palmerston North. The judges selected for the Friesians, Border Leicester rams and Merinos (strong-oombing) have not . yet notified fheir acceptance. WELLINGTON. Sales Reported—- £ s. d. New Zealand Breweries (2) 19 9 1 9 7 J Bank of New Zealand ... 2 8 9 Union Bank of Australia 6 7 0 British Tobacco (ord.) ... 1 8 6 King Solomon Mining ... 0 22 Staples and Co. ... ... 15 8 DUNEDIN. Sale on 'Change—- £ s. d. Okarito ••• ... 0 910 Sales Reported— New Zealand Breweries ... 110 O Goldan Point « <*• 0 1