COMMERCIAL.

New Zealand Herald, Volume LVII, Issue 17622, 8 November 1920, Page 5

COMMERCIAL.

LONDON MARKETS. : HEMP, COPRA, RUBBER';-. ETC. Australian and N.Z. Cable Association. . (Reed. 8.30 p.m.) LONDON, Nov. 8. Cotton.—December delivery. 14.80 d. Juta.Quiet. November-December . chip-' ments. £49. 11 —Dull. October-December shipments. Rubber.—Para, la Sid; plantation. la 2}d; .smoKed, Is did. Copra.—November-January shipments, £54. Linseed 0i1.—£66. Turpentine.—£6 2a. METALS. ,£,^ — Qa Pot. £92 i2B M: &*****< £.vL Ids. Lead— ° epot- £35 15s: fo "* rd - - 3 » a» Spelter^- spot, £38; ferward, £39 Ts 6d Tin.—On soot. £259 103; forward. £263 15*. faUver.— 10 7-16 d per ounce standard. THE PRICE OF GOLD. Australian and N.Z. Cable Association. (Reed. 7.30 p.m.) LONDON. Nov. 5. The price of gold was Quoted in London to-day at. £6 per ounce,-1110 United States taking the small quantity offered. LONDON STOCK EXCHANGE. Australian and N.Z. Cable Association. (Reed. 6.30 p.m.) LONDON. Not. 5. Waihi Grand Junction shares were quoted at 8s on the London Slock Exchange to-day. DALGETY AND COMPANY, LTD. DIVIDEND OF 10 PER CENT. Australian and N.Z. Cable Association. (Reed. 10.20 p.m.) LONDON. Nov. 6. The annual report of Daigoty and Com-S^-i ll^ 1 ? 1 - wba T» » »«<>£* available tor distribution of £335.505. A dividend of 10 per cent., with a bonus of 5a »™,» both free of tax « declared ; £50.000 is placed to the reserve fund. £50.003 to the premises account £10.000 to the staff S»»evelen * tuna, and £U6,506 ia carried forward. PRICES FOR RABBITSEINS. LARGE DECLINE EXPECTED. [BY TELEGRAPH—PRESS ASSOCIATION.] DUNEDIN. Sunday, A cablegram received on Saturdav by a kading Ivew Zealand firm, dated London! >ovemoer 4. states:—" Rabbuskms: tW pects are decidedly unfavourable. For the.next auction there are available 3500 bales. Anticipate a decline of 20 or 30 per cent, in consequence of bad trade and poor demand "

SOUTHERN EXCHANGES. [BT TELEGRAPH.—PRESS ASSOCIATION.] DUNEDIN. Saturday. «df* !cS "~ MoUDt Lyell. 20 8 M (two) and M* WELLINGTON, Saturday. », S "i esßk °~.> w Z«oi>»nd. £25; Union Bank, £12 15 S; Waipa Coal, Ut 3d. THE MONEY MARKET. Commenting on the bank return* for September, the New Zealand Trade Review observes:-The banks * re still nlenlifuUy supplied with money Hero, although there la decided reduction in the eurplus of deposits. Advances show a steady rapid growth, which is probably chiefly duo to the excessive rate of importation this year. Our 2???S?.;? tho past nino months total £43.1,9.644 or £7.994.077 in ©aces* of our exporte. This has brought about a peculiar position—most of the banks are finding that while they have plenty of funds here. they have not the funds in London to negotiate drafts on New Zealand. The selling rate of exchange has consequently been raised. ThU position will not improve, until tin*, current seasons produce arrives Home to provide funds for the banks to negotiate drafts, for our imports. Local bodies are not meeting with very good response to- their calls for money, as 5} per cent.,, is not attractive enough now. Mortgage , money is rulins at • 6t per cent., with ft tendency toward * 7 per cent. rate, and. there is a decidedly firmer tone- for money generally, in sympathy With the hirher. values all the world over, 3he general position is somewhat peculiar and there is an expectation of- some developments shortly. It eeeune certain that money will be lea* plentiful and rule firmer before the end of the year. *, j ji 4 -___ : - HAMILTON STOCK SALE. :^.; . The Farmers' Co-operative Auctioneering Company. Ltd., .report .Hamilton ofi Thursday wo had a email yarding el ahaep but a good offering of cattle and pie*. Coml petition .for cattle was not keen, stltLooga most of the yarding was quitted. Btt! «u fairly steady, and sold up to £35 10a for ■lightweight steers; heavy cows up to MIS in, lighter weight* £10 to £12 IS*. . Fr*»fcconditioned cows wero-maia in sirens our arid realised up to £8 17» 3d; smallranted sorts. £7 to £8 16a* . Two-year steers drew little competition: . The-- highest figure reached in this claaa-was £7 7s for a t>en of medium Quality. Two-year empty heifer* were sought after. Beet made up to £8,1*; second quality, £6 10» to £7. > Yesriin? heifers were in .fair demand, making .t>r> to £6; others. £3 10s to £4 10s. Yeaning aU*r* were rather dull. £4 5s being the top pi it»: small and inferior aortß. £2 9b to £3 lOe.rßist Shorthorn bulla Bold to 21gns.; ether*.' £*£». to 12gns. Bacon piga again advanced in value, making up to £7 17s : Porkers. £* las to £5 14s; weanera. CBs to £3-15s; ; s£w tpd Utter. £18. Fresh dropped calves. "ft to 21s.