COMMERCIAL.

Otago Daily Times, Issue 19202, 19 June 1924, Page 6

COMMERCIAL.

LONDON MARKETS. Messrs Dalgety and Co. report having received the following cablegram from their head office, dated London, June 17: —- Cheese; Since our last wire prices are lower by 2s per cwt. The market is quiet. Messrs Dalgety and Co. report having received the following cablegram from their head office, dated London, June 17: .Wool Sales; The list of arrivals is closed. Quantities available as follows; Australian 26,926; New Zealand 41,906, Cape 3558. Punia Arenas 20.000, held over 30,000, probably 10,000 land carriage. The following vessels have arrived in time for the sales; Matakq la, Paparoa, Tainui, Devon, lonic, Maimoa, and Waiwera. LONDON SHARE MARKET. Press Association —By Telegraph—Copyright. LONDON, June 17. (Received June 18, at 5.5 p.m.) Tit© following are the latest quotations: Bank of New South Wales, £3B ss; Union Bank, £l4 15s; Bank of New Zealand, £9O 10s and 51s 3d; New Zealand Loan and Mercantile, £76 and £3l 5s. —A. and N.Z. Cable. IPSWICH WATER BOARD LOAN A NOVEL PROVISO. Press Association—By Telegraph—Copyright. LONDON, June 17. ('Received June 18, at 5.5 p.m.) The Ipswich Water Board (Queensland) has underwritten £1,000,000 worth of 5 per cent, stock at 94, with a proviso that transferees shall pay stamp duty on the transfers. This makes the price equivalent to 96. The proviso is a new feature in this class of loan.—A. and N.Z. Cable. NEW ZEALAND APPLES. THE HERTFORD'S SHIPMENT. Press Association—By Telegraph—Copyright. LONDON, June 17. (Received June 18, at 5.5 p.m.) The New Zealand apples ex the Hertford were landed in excellent condition. All the varieties, mainly Sturmers, are selling at 17s to 20s.—A. and N.Z. Cable. SYDNEY WOOL SALES. Press Association—By Telegraph— Copyright. SiutSEY, Juno 17. The wool sales were resumed with a good attendance of buyers. Competition was keen. The market was generally about 5 per cent, lower than the April level. Lambs’ wool and good crutchinge met a firm market. Faulty trutehings wet© slightly lower, and scourcds were easier. Greasy merino sold to 33id. RABBITSKIN SALE. The Dunedin Stock Agents and Woolbrokers’ Association (N.. 6. Loan and Mercantile Agency Co,, Wright, Mephenson, and Co., Todd Bros., Otago Farmers' Co-op. Assn., National Mortgage and Agency Co., Dalgety and Co., Stronach, Morns, Donald Reid and Co.) report that at the fortnightly sale of rabbitskins held on Tuesday catalogues totalling 500 shipping bales were suomitted to a full attendance of buyers. Competition was good, although an anticipated decline was experienced on all grades from autumn up of from 2d to 4d per lb, and on lower grades of id to Id per lb. The follow, ing are the quotations;—Prime winter does, 80d to 84Jd; first winter does, 72d to 77d; second winter docs, 52d to 64d; spotted winter does. 44d to 50d; prime winter bucks, 80d to 86Jd; first winter bucks, 72d to 79d; second winter bucks, 54d to 68d; spotted winter bucks, 43d to 5Xd; early and incoming winter, 62d to 68jd; late autumn, 49d to 61d; autumn, 44d to 47d; early autumn, 38d to 42Jd; prime racks, 35£d to 37Jd; light racks, 32d to 34d; summer, 29d to 32Jd; runners, 20d to 24d; suckers, 15d to 18d; winter broken, 41d to 44d; incoming winter broken, 38d to 4t)d; autumn broken, 32d to 37Jd: summer broken, 27d to 29d; first winter black, 74d to 85id; incoming winter black, 5Cd to GSJd; autumn black, 45d to 51d; summer black, 37d to 40d; winter fawn, 70d to 80d; autumn fawn, 49d to 57d; summer fawn, 36d to 4ld; first hareskins, 21d to 28d; other hareskins, 16d to 21id.