COMMERCIAL.

Taranaki Herald, Volume LXVII, Issue 16611, 8 December 1919, Page 7

COMMERCIAL.

FALL IN EXCHANGE. DUB TO GOVERNMENT INACTION. By Telegraph-Press Assn.—Copyright, (Received Dec. 8, 8.55 a.m.) , WASHINGTON, Dec. 4. The decline in the exchange for sterling is attributed to the general belief that* the United States will not , assist in the stabilisation of the exchange reported. LONDON MARKETS. f LONDON, Deo. 3. Tallow.—Stock 7605, imports 3496, deliveries 2645. 'Sales were not held owing to the recent lack of demand, but a fair trade is passing privately. At the wool sales, a small hut good selection of merinos was offered. Prices were unchanged. Fine crossbreds unchanged, lower crossbreds irregular. An Australian lot brought 124 Jd —a record. Shares.—P. and 0., £550 to £670; Talisman, 7s 6d to 12s 6d.

Messrs. Dalgety and Company, Ltd., Wellington, are in receipt of a cable from their London house Tinder date of the Ist inst. reading as follows: “Tallow, there will be no public sales held this week. There ore no buyers at the moment. Wool.—The attendance of buyers at the sale is large, competition animated -with an average selection, Merinos generally are from par to S per cent, higher. Fine medium Crossbred unchanged. AH Crossbreds are very firm and prices are unchanged for coarse, dingy and cotted Crossbreds) are 5 per cent, lower compared with last sale’s closing rates.” LOAN AND MERCANTILE. Per Press Association. WELLINGTON, Dec. 8. The New Zealand Loan and Mercantile Agency has received a cable from its London office intimating that the company will bold its annual meeting in London on the 18th inst. After carrying £25,000 to the general revenue account, writing £IO,OOO off the premises. appropriating £IO,OOO to the staff benevolent fund, the payment of an interim dividend on preference and ordinary stock the directors recommended the payment of a final dividend of 21pier cent, (making 5 per cent, for the year) on preference stock and a final dividend of per cent, and a bonus of 2 per cent, (making 8 per cent, for the year) on the ordinary stock, also a 3} per cent, dividend on preference and 3J per cent, dividend and 2 per cent, bonus on the ordinary new issue of stock, all less English income-tax. This leaves £26,745 17s 8d to be earned forward The reserve fund now stands at £575,000.

AUCKLAND SHABEMARKET. QUOTATIONS. BPK&IAX, TO HERALD. AUCKLAND, Dec. 8. Messrs. Hendry and Hay (E. P. Webster, local agent) report the following Stick Exchange quotations and sales Waihi, 51s and 50s; Talisman, 10s 9d and 9s 9d; National Insurance, 76s and 72s 6d; New Zealand Insurance, 32s 6d and' 31s 6d; South British Insurance, £8 17s 6d (seller); Taupin Coal, 17s 6d and 17s; Auckland Trams, 20s (seller); Auckland Trams, preference, 17 s 9d (buyer); Wilson’s Cement, 15s 9d (seller). .