COMMERCIAL

Evening Star, Issue 19721, 23 November 1927, Page 4

COMMERCIAL

TARANAKI OILFIELDS. [Per United Press Association.] GISBORNE, November 22. The following is the Taranaki Oilfields, Ltd., report for theweek ended November 19;—Waiapu No. 2 well, depth 2,595 ft in grey shale, B.liu diameter, casing to 2,576 ft; Gisborne No. I well, depth 1,500 ft in sandy shale cemented, lOin diameter casing at 1,500 ft on November 17. WELLINGTON LOAN PROPOSALS. [Pan United Press Association.] WELLINGTON, November 22. Three loans totalling £290,875 were carried at a poll to-day, 7,137 ratepayers voting out of a total on the roll of 28,853. For the street paving loan of £201,000 3,548 voted in favor and 3,314 against. For the construction of footpaths loan of £63,000 4,059 voted in favor and 2,818 against. For the conveniences loan of £26,875 4,025 voted in favor and 2.762 against. This loan, of £290,875, when presented in one issue, was rejected by the ratepayers in September last.

FOREIGN EXCHANGES

Press Association —By Telegraph—Copyright.

LONDON, -Nove mher 21. The exchange rates on London are as follows

LONDON WHEAT MARKET.

Press Association—By Telegraph—Copyright

LONDON, November 21. Wheat: Cargoes arc steady, and La Plains at 3d advance. Tim others are unchanged. Parcels arc in poor request, at occasionally 3d dearer. Liverpool futures: December, 10s oid; March, 10s 4|d;, May. 10s 3Jd.A. and N.Z. and ‘Sun ’ Cable. CHICAGO WHEAT. NEW YORK, November 21’. Chicago quotations; Wheal—'December 127 J cents per bushel, .March 13Ji, May 134 f. BRITISH CELANESE COMPANY. LONDON-, Not ember 21. The ‘Evening Standard ’ understands that an Australian group has been approached by the British Colanese Company to [drift a- subsidiary Australian company in connection with the £1,000.000 factory project. It adds that the consummation is not likely before January. BRADFORD TOPS MAR KET. LONDON. November 21. There is little, business at Hradiord, prices being protectively firm pending the opening of the London sales. THE METAL MARKET. LONDON, November 22. Copper; Spot, £SO 15s; forward, £59 IGs 3d. Electrolytic; Spot, £O4 10s; lorwaid, £64 15s. Wire bars. £Ol 15s. Lead: Spot, £2l Is 3d; forward, £2l Hr 3d. Spelter; Spot, £26 12s Cd; lonvard, £26 7s Gd. Tin: Spot, £207 2s Od; forward, £203 7s Od. Silver: Standard, 20 .5-1 Gd; fine, 23Jd. A NEW COMMONWEALTH LOAN. CONDON, November 22. The ‘Morning Post’ understands that Hie underwriting will take place on November 22 of a Commonwealth loan of £7,1100,000 at 5 per cent., issuing at 97f and redeemable from 1945 to 75. This represents the raising of fresh money required by both the Commonwealth and certain States, and is in accordance with the new and .better system of co-ordinating Australian borrowing. BUTTER AND CHEESE. A. S. Paterson and Co., Ltd., have received the following cable from London, dated 21st inst.: —“ Butter quiet; 1765, 178 s. Cheese Steady; 98s, 995.”

Nov. ir. Nnv. 21.. IVN, franc to £i ... 124.00 124.00 Brussels belgas to /Tl ;14.!H 34.04 Oslo, kroner to -£1 1S.3"> IS, 36 Stockholm, kroner to £i IS.in 18,10 Copenhagen, kroner to ;£! ... 18.18 18.18 Berlin, reichmarken to £i ... 20.43 20.43 Montreal, dollar to £] ... 4.86 13-16 4.86 15-16 New York, dollar to ;£l ... 4.87 9-10 4.87J Yokohama, st, to yen 22 0-16 22 11-16 Hongkong, st. to dollar 24! 2U Calcutta, jit, 10 rpe, 16 to gold £ IS 18 Batavia, guilder to /’I 12.H7I 12.073 Amsterdam, guilder to £\ ... .12.011* 12.07 Rome, lire to £\ 88.50 89.07