COMMERCIAL

Evening Star, Issue 19614, 21 July 1927, Page 12

COMMERCIAL

BANKING COMBINE. Press Association —By Telegraph —Copyright. NEWTORJK, July 19. Another huge bank merger, which combines three institutions with total resources of 275,000,000d01, is annon need, the Manufacturers’ Trust Company absorbing the Standard Bank and tlio Commonwealth Bank in this city. APPLE MARKET. The secretary of the Otago Provincial Fruitgrowers’ Council, Ltd., advises that the High Commissioner’s cabled report on the fruit market in London for the week ended 16th inst. is as follows : “ Apples; Market quiet. Fort Denison shipment arrived in good condition. Prices are as follow:—Stunner, IBs to 20s per case; Dougherty, Ballarat Seedling, Rome Beauty, Dunn’s Favorite, and Cleopatra, 18s to 20s; Jonathan, 20s to 225; Statesman, 20s to 235.” PROPERTY SALE. Park, Reynolds, Ltd., offered yesterday at auction seventy-four acres at Waitati, near Michie’s Crossing, with stream and native bush. After good competition it was sold to Dr Fitzgerald. A small residential property, No. 9 Mosgiel street, Moruingtnu, containing 11.7 poles, with four-roomed house, was also disposed of at a satisfactory figure. ’ WHEAT MARKET. LONDON, July 19. Wheat cargoes are in small demand,, mostly at 3d decline. Pa reels receive little attention, and are also 3d down. Liverpool futures: July 11 Old, October 10s 11 gcl, December 10s l6|d, March 10s O-Jd. May 10s S e-Sd.-A. and N.Z. and ‘Sun’ Cable.