COMMERCIAL.

New Zealand Herald, Volume LVII, Issue 17484, 31 May 1920, Page 3

COMMERCIAL.

LONDON MARKETS. J : .':, Australian, and N.Z. "Cable 'Association. 'M '■■'" ■ ■ ■'".'•'» (Reed. 7.30; p.m.l LONDON*. May 2*J. . '".'\% : : Cotton:' June deliveries. 24-48 d per lb. . ..$ ... Copra :; May-July, shipments, " £56 10s ■ per ' I .ton. .nominal.. ' ■■; ,-> ' •' -' '■-.",:.' | ...Hemp:.. Neglected.": . February-April ship- . ■■ I ments. £54 per ..ton. . '>, ' . | .'Jute: Quiet. . , May-June shipments', -£58 ,; :'| .:.per.;lon."'' •-:'/■"■ ■■;-. '■'.;■'-.',''■"..■■'. '•'".■'■'-'<■''.:,■■' | ' Rubber: Para, 2s lid per lb; 'Plantation, v/ .6 2s Old per lb; smoked, 2a Old per lb. .... I Linseed oil, :£ 98 -per ton. -| ./■: Turpentine, '£9:Sa./'F'er'lcvrt,./; ■■...';..'.' ■"■■.■:. . -I ■V■ ". .': ;V-'-.--V:-'' : ' '■ ■'.'.'■'■■ ■■'".■'i '■'' '■'■■■.'■' -'0 ' ;: :. .t. ;;■:■• . BRADFORD WOOL SALE. v,'-.;;:;'^.. j . Ziistraliin end. N.Z. Cable Association 1 "••-.';-;... 5! " ' .'■■ ■.'■'•■ ■■'■ •■:■■' . ', .LONDON, May .'■■ .'■'•-■ ¥; (Reed. 7.30 p.m.) 'LONDON. May 28. ; ./ I ,' '' ■" * ; ■'■ - ■'■:■ . '■■■■ '. ': ;■' .'■" -'- "- ---" '.:•■ ?! >.\ At the Bradford ..'wool "sale there was- a"'';■','■; || moderate attendance.,, Prices reabsed for ,- | 1 super Geelongs were from 5. to 71 per, rent..' .-'".'"■. ■ V ".below the 'rates.''at, the -'salc3,-','c6s£-■-■■-. : ■■■■'■ 'J ~ ing on a.clean,.basis, 130 d. - Bradford, comb- .-:-...'-.; |.f ■ ings were irregular, prices"' being slightly:.. ■■■.->{] above the Liverpool rites.". Faulty .Merinos '■»:'■-."'■ ij • and crossbreda were mostly.withdrawn. ',''■■. : '-:'. : '9 •:.■■■"■' ■■■•■■•■■ ■■" ■ ' \:\ : SHEEPSKIN SALES. ■ ..-. -'.-, 1 ' AustraLiu and N.Z. Cable" Association I j (R.tcd. 7.30 T>.m.i * ■'• LONDON, /May. 23. '|, - ' At the' sheepskin ..sales. 1\.50t) Australian . : : f • .-lots, were offered. : and .: 7500: .sold. ...Prices .- J > showed an average. decline of' about -20. per ! ' . cent." compared: with the March rates. . I : , . -_ _ ; ,| ;;■,;■;;,•'. THE; MONEY MARKET. . -~;( '. Discussing. the "state of the money market -( '' the. New Zealand Trade Review b»*J-:.—.- ,'; ;^' "Money is'-undoubtedly .-plentiful- here at ; ■; I .-''. present—lendings onvmbrtgAgo show/ a large "| ;'■ mcroase,. business on .tho- Stock Exchange [. '■' is fairly brisk, and general- expenditure is : ' •-, -..; '-. oh«a high scale- Against thie, .however,, .it ■ . . 1 f .is to bo observed that the Bank .of-New -'V. }| . Zealand is calling, up "'its unpaid capital and. '■' -I .' -the'., Bank of Aitstralrusii has increased its . , : T , L ;. capital, by £500,000 For some, time past the V : prompt payment . for v or advanco again.4, f: . our produce: by ..the imperial GoveiTxineut. ' '. ['] haj been of' very considerable benefit in eas--- : : |j ing tiw : local.: money, market. This, has oeen. ' | - specially, helpful fo the producers.: when ship : : '•'■'.,.. I] ping was scarce, and produce, had to be ■'. ■'" i ; ] '.held -iii. store for '".spin©- time. -".Howe'CT-ths ' ■?j end of- the Imperial commandeer is: :h' view • ''... ; • ,( and producers will have to arrange ■ their • , ."'5 own finance, .Unless the:present ar- umula»- l\ tionp of meat, etc.. a,ro moved tnd adequate t shipping becomes available for next season's -5 prodiic?, . this ..financing, will' cauif> "some • .'■/.: \i heavy calls-on the banks, .-'and .considerable l depletion of the present surplus of funds '■-.' |: It is noticeable also, that' the scf.le of m- ■ , , ;• pbrtation ,is- growing,' .and for :fHe. ; -'-Crist'-"four ~.-.. ?: months.-.of this,-. year exports were only about -. ■'{■;,.■ II a million in excess, of imports- While nit. .[J ,in anr way anticipating, any shortage, of",-. '■■■.II money, we expect to, .see the cessation of . R Imperial purchases ..cause, a considerable re-. -.; ;' {, ductio:i-in th« surplus of funds in the hands i| of the. banks,,but this may. probably have.' 8, Jbeneficial afreet, generally. .'■:.- fj *■■ ; __"'__'l_ ' .'- " . ' '.'■ ■ 1