COMMERCIAL ITEMS

Dominion, Volume 13, Issue 253, 20 July 1920, Page 8

COMMERCIAL ITEMS

-~' ::".-v- : ' INVESTMENT SHARES.' ' ' ;."*Ye6terday'B Quotations for investment ;.Bhareß' were as follow:—; : v ..'■";■:-.-',•- ■ Buyers. Sellers, . •-;." - - £s. d. ' £ B ;d. 'Inscribed Stock, 1939- -=" 9517 6 .-.,.-'lnscribed Stock, 1938 — 9515"0 'War Bonds, 1939 , — ■-. 95 15 0 'National Bank 613 0 •615 0 Bank'-N.S.W.; ...:.....;..... - •- 352 6 '■Bank N.Z. .),: — '26 0 0 Union Bank ..'., 1314 0 14 0 0 ' G6ldsbrough\ Mort .........' 2 7 0 — ' •Metropolitan Permanent 13 0 0 — . N.Z. and River Plate ...... — 12 6 .. Well.. Investment 01011, • - ■"-. N.Z,.~lnsurance' ...';.... —. ,- 113 0 South British Insurance '— ' 10 1 0 Standard Insurance' ;... — '300"N.Z. Refrigerating (£1) ... — 2 8 6 ,--. -N.Z. Refrigerating (105.)... — 1 .5. 9 •.Gear Meat 2 10 - Meat Export (£5) — 6 15 6 Meat Erport (£S 12s. 6d.) — ' 410 0 : Huddart-Parker (pref.) ... — . 113 Union Steam (pref.) 10 9 1 I>l Jlikuranei oon\ ■; - 0 17 6 Westport Coal -110 3' — W.aipa Colliery .............. — 017 0 „Tieylnnd-o.'Bri"ri Timber s l 12 9 115 0 Scoullar and.C0.......... — 110 0 ; SHarland and Co. 110 0 111 0 "Wairarapa Farmers (£5) ' —' 612'6 ■ ':Wairarapa Farmers (pref.) — 110 -Ward and Co.- — 14 0 Wellington Cordage 119 — ■'■■■'.■ '- '": CUSTOMS REVENUE.■'. Customs revenue .collected'nt the port of Wellington yesterday amounted to £3291 .08. Bd. •: LONDON. WOOL SALES., Tho Bank of New, Zealand has received the following advico from its London office under date July 17:—"The saleß lmvo closed ; weak, and withdrawals are heavy. Prices for practically all descriptions are 5 per cent to 10 per cent, lower compared with the close of Inßt series. - Coarser grades croßsbreds neglected." : . •Messrs. Murray, Roberts and Co,, Ltd., hu-vo' received tho following cablegram / from their London agents, Messrs. Bander-i-n "v Murray ai'4 Co., dated Julyl7j- : Saleß closed. Crossbred line, best do* scriptious, advanced 5 per cent.; other descriptions market shows .no material ' change. The N.Z. Farmers' Co-op. Distributing Co.. Ltd., report having received the follow- - ing cablegram from London:-"Wool sales ': c osing, price merino best quality unchanged, inferior quality 5 per cent, lower. ' fine crossbred rather dearer, medium oross- • - bred market dull, with downward tendciicv coarse no demand. Tallow, small demand for at four shillings decline " -The New Zealand Loan and Mercantile Agency Co., Ltd., have received the follow-. : . ing cablegram from their London house under date July 16:-"Wool sales cloßed'Demand restricted. About half withdrawn ■Good greasy merino, 5 per cent.- lower-.'-others, 10 per cent. Fine and medium ' , .crossbred, 75 per cent. lower, except gffperior (frades, which are 5 per cent, dearer" . • Messrß. Dalgety and Company, Limited, 'have to advise having received the following cablegram from their London houso, under -"date of July 16:—"Wool sales continue with little animation; 90.000-bales were offered, , and barely half Bold. As compared with last sales' closing rates, prices for good ' merino combing are B 5 par , cent, lower, merino wools of other descriptions 10 per ] cent, lower, except inferior and faulty mor/ ino woql./ '.-'lnferior .and 'faulty scoured .; merinos' wero'mostiy withdrawn. Prices' • ■for comeback wools arc rather higher; fine '* crossbred wools, 'par to 6 per cent, lower; ' ."medium crossbred wools,. 5 per cent, lower, j Coarße crossbred wools and.inferior cross- " bred wools were neglected, and largely 'withdrawn. ,Sllped orossbred wools were "withdrawn, except fine slipes; New Zealand 1 ■■crossbred wools, superfine and light, s'per I v.- cent, higher.". '' 1

DOLLAR EXCHANGE. * Telegraphic a'dvico received by a financial house, dated July 16, givoß the exchange rate, London on (Now York, at 0.981 dols. to the £. On the duy previous a telegram gave the rate of 3,91 dols., so that there has been an improvement of 7J cents in favour of London. The mint par of exchange in 4.86 dols., bo that tho current rate, is 875 cents. less.