COMMERCIAL

Evening Star, Issue 19017, 12 August 1925, Page 10

COMMERCIAL

MELBOURNE WOOL SALES. Frees Association—By Telegraph—Copyright. Australian and N.Z. Press Association. MELBOURNE, August 11. At the wool sales there was a brisk demand for good sorts. Merinos and cross-breds were unchanged, and medium and strong sorts were 5 per cent, lower, compared with the July sales. LONDON METAL MARKET. LONDON, August 10. Copper; Spot, £63 6s 3d; forward, £Ol 3s 9d. Lead: Spot, £37 6s 3d; forward, £36 ss. Spelter; Spot, £36 12s 6d; forward, £36 2s 6d. Silver: Standard, 32 1-J6d per ox; fine, 3‘lad per oz.—A. and N.Z. Cable. FOREIGN EXCHANGE RATES. LONDON, August 10. Tbo exchange rates arc as follow: Aug. 6 Aug. 10. Paris, franc to ,£1 «. •« ... 103.15 100.75 Brussels franc to £1 Oslo, kronor to ,£1 Copenhagen, kroner to At ... 21.37 21.33 Stockholm, kroner to £\ Berlin, rcichmarken to /A ... 2031 2031 New York, dollar to At ~ 4.85 11-10 4.85! Montreal, dollar to At Rome, lire to At ••• ~ 133$ IS3S_ Amsterdam, guilder to At —12.08 J Batavia, guilder to At 11.00 11. OS Yokohama, st. to yen _ „. 20 7-10 20) Calcutta, st. to rupee, 10 to At l fi f 18* Hongkong, st. to dollar „ 28J 2SJ —A. and N.Z. Cable. CHICAGO WHEAT MARKET. NEW YORK, August 10. Chicago wheat: September 165 J, December 163|, May 166 J cents per bushel.—A. and N.Z. Cable. STANDARD INSURANCE COMPANY. The annual report of the directors of the Standard Insurance Company, Lid., states that the net income for the year ended June 30 amounted to £230,330 Ms 3d, and the expenditure to £189,411 16s 6d, leaving a balance of £40,918 17s 9d, to which has to be added the balance carried forward from last vear —viz., £18,071 4s Bd—making a total of £58,990 2s scl. From this an interim dividend was paid in March last amounting to £IO,OOO, leaving an available balance of £48,990 2s sd, which the directors have dealt with in the following manner:—Place to reserve fund £IB,OOO, and recommend .that i.ha. balwifig fe? JR

the payment of a dividend for the halfyear ended June 30 at the rate of Is 3d per share, and carry forward to next year £18,490 2s sd, LONDON WHEAT MARKET. LONDON, August 10. (Received August 12, at 1.30 a.m.) Wheat cargoes are fully steady and occasionally dearer. Parcels are quiet at 6d decline. Liverpool futures; October, 11s 6Jd per cental; December, 10s 10Jd.—A. and N.Z. Cable. SALE OP RARBITSKINS. The Dunedin Woolbrokers’ Association reports as follows: —The fortnightly rabbitskin sale was held yesterday, when large catalogues were offered to a good attendance of buyers. Competition was keen, and prices for winter bucks wore firm on last sale’s rates. Winter does, however, did not show any improvement, and were, if anything, slightly easier. Off-season and other sorts sold on a par with late ruling rates. The following are the prices realised:—Super-winter lucks to 97Jd; super-winter does to 96-id; first winter bucks to 96id; first winter docs to 90d; second winter bucks to 86Id; second winter does to 77$d; early winters, 86d to 88dj Incoming winters, 7Cd to 82d; late autumns to 70d; early autumns, 56d to 593 d; prime racks, 44d to 47c1; light racks to 45d; runners and suckers to 29d; springs to 54id; outgoing, 64d to 70id; winter broken to 62$d; autumn broken to 541 d; first winter black to 86d; autumn black to 59d; first winter fawn to 943 d; bloodstained winters to 68id; liareskins to 573 d; rnilkv does to 52d; horsehair to 22d. A cablegram from London states that P. and O. deferred stock is quoted at £268 (buyers) and £278 (sellers),