COMMERCIAL.

Otago Daily Times, Issue 17940, 20 May 1920, Page 4

COMMERCIAL.

LONDON QTJOTATIONB. LONDON, May la

(Received May 19, at 11.45 p.m.) Tho Stock Exchange is flat and unsettled. Many sales apparently are due to feoia of excess profits duty and a war wealth levy. Consols are quoted at £47 10s. P. and 0. shores—Buyers £470, sellers £490. Bank of Australasia, £85, ex share bonus; Bank of New South Wivles, £31 12s 6d; Union Bank, £13; National Bank of New Zealand, £6 4s 10d; Bank of New Zealand. (4 per cent, guaianteed stock), £74. New Zealand Loan and Mercantile, £S9.— A. and N.Z. Cable.

I ■ LONDON METAL MAEKET. Prese Aeeociation—By Telegraph—Copyright. LONDON, May 18. (Received May 10, at 11.15 p.m.) Copper: Spot, £98 7a 6d; forward, £101 2e Cd. I Electrolytic: Spot, £110; forward, £112. Lead: Spot, £40; forward, £-11 10s. Spelter: Spot, £45; forward, £-16 15s. Tin: Spot, £287 10a; forward, £291 10s. Sirver, 4e lOgd per ounce.—A. and N.Z. Cable. «> ~ WOOL SALES. AGITATION IN MANCHESTER. LOJNDON, May 18. (Received Mey 20, at 0.20. a.m.) The port of Manchester is agitating for the ■wool sales to be held there alternately with Liverpool. Manchester bankers afford every facility as regards wool consigned to Manchester.—A. and N.Z. Gable. '«»■ ADDINGTON MARKET. (Fn UmTID PRKBS ASSOCIATION.) CHRISTCHURCH, May 19. At the Addington market to-day there were smaller yardings of fat etock than usual. •Prime mutton ehowed the healthy tone that has marked the recent markets, and there was little alteration in recent values for prime beef, but inferior beef was. down, and lower prices had to be accepted for light mutton. Store Sheep.—A good entry, mostly ewes and wethers, with a good proportion of Chatham Island and Southland eheep forward. At the commencement the sale was backward, wethers were in weak demand, but aii other claeses were much the eame as at the preceding sales, with forward lambs firmer. Quotations: Forward lambe, 20a to 23s lid; ordinary lambs, 15a 6d to 19a 6d; cull lambs, 12s 6d to 14s 3d; ewe lambs, 23s to 355; two, four, six, anti eight-tooth ewes, 25s 6d to 80s; inferior two, four, six, and eighttooth ewes, 25s 6d to 28a; inferior two, four, sis, and eight-tooth ewes, 19s to 25a; twotooth ewee, 25e Id to 27s 2d; good four, six. and eight-tooth wethers, 29e to 33s 6d; ordinary four, eix, and eight-tooth wethers, 26s to 28s; good two-tooth wethers, to 30s 6d; other two-tooth wethers, 25a to 28s. Pat Lambs.—A slightly smaller yarding. Tie market was on a par with recent sales, freezing buyers operating freely. Extra prime lambs brought up to 34s 9d; prime lambs, 27e lid to 32s 6d; medium lambs, 25s to 27s 6d; inferior lambs, 21s 6d to 24s 9d. Fat Sheep.—There was a noticoablo easing in values of light ewes, but for. prime mutton the market waa on a par with last week's. Freezing' buyers operated to a fair extent. Extra prime wethers, 47s to 50s 6d; prime wethers, 38e 6d to 45s 6d; medium wethers, 34s to 383; ligher wethers, 28s Id to 33e 6d; extra prime ewes, up to 475; prime ewes, 36s to 43s 6d; medium ewee, 81s to 85s; lighter ewes, 22s to 295. Pat Cattle.—Extra prime steers, £25 10s to £32; prime eteers, £18 12s 6d to £24 12s 6d; medium steere, £14 12s 6d to £18; lighter steers, £8 17s 6d to £13 12s 6d; extra prime heifers, to £19 2s 6d; prime heifers, £13 5e to £16 10s; ordinary heifers, £7 17s 6d to £12 15s; prime cowa, £13 5s to £18; ordinary cows, £8 to £12 17s 6d. Store Cattle. —Best cows brought up to £8 ss; other lines, £3 to £5 15s; bulls, £14 15s. A line of Hereford calves brought £3. Dairy Cattle.—Cows, fourth, calveis, brought up to £23; good heifers, up to £18; inferior cows, up to £12; small and inferior, £5 to £7 10s.

Vealors.—Runners, to £7 ss; good veelers, £5 17a Gd to £6 10a; medium vealers, £2 7s 6d to £2 178 6d; calvee, small, 8s to 37s 6d. Fat Pigs.t—A good entry, the market showing a weakening demand. Choppers, £6 to £9; light baconere, £5-to £5 15b; heavy baconers, £6 10s to £7; extra heavy baconere, £8 to £8 11s—average price per lb, 9£d to 10d; light porkers, £3 5s to £3 15s; heavy porkers, £4 to £i 10s—average price per lb, lOd to 10^4.