COMMERCIAL.

Taranaki Herald, Volume LXVIII, Issue 16796, 21 July 1920, Page 7

COMMERCIAL.

LONDON MARKETS. By Telegraph—Press Assn,—Copyright. ' . . LONDON, July 19. Copper.—Spot £9O 7s 6d, three months £93 17a 6cl; electrolytic, £lO6 lls. Lead.—Spot £3l os, forward £35 15s. Spelter—Spot £4l 10s, forward £43 OS 'Pi n .—Spot £268 los, forward £373 6s. Silver, 52d per ounce. BRADFORD REPORT. (Received July 21, 9.40 a.m.) LONDON, July 19. Bradford reports little more inquiry. Business is insufficient to test values. LONDON July 19. Exchanges are: Paris 46.60 francs, Stockholm 17.62 kroner, Christiania 13.40 kroner, Calcutta 22d., Montreal 4.39 dollars, New York 3.85} dollars. . AUCKLAND SHARE MARKET., 9 SPECIAL TO HBEAID. AUCKLAND, July 21. Mr. E. P. Webster’s Auckland agents report the following Stock Exchange quotations and sales;— Waihi, sellers 36s 3d, buyers 35s 6d; Junction, lls 3d and 10s 6d; Talisman, 8s and 7s 3d; National Bank, £6 16s (seller); National Insurance, 7 1 s (seller); New Zealand Insurance, 33s 3d (seller); South British Insurance, £lO 2s (seller); Taupiri Coal, 18s 9d (seller); Huddai tParker and Co., 56s 6u and 545; Northern Steam, 17s 9d and 17s 2d; Auckland Trams, 16s (seller); Wilson’s Cement, 17s 6d and 17s. SALE OF ABERDEEN-ANGUS CATTLE. The Wairarapa Farmers’ Co-op. Association, Ltd. (stock department), Eketahuna, report on Mr. J. B. Lowes dispersal side of Aberdeen-Angus cattle held at Rongomai on Friday 16th inst. as follows. Buyers’ representatives of Hawke’s Bay Taranaki, South Canterbury, Wairarapa, and Manawatu were present. The stud cows, as catalogue, being offered first; From the commencement it "was ©vident that only the best sorts with extensive pedigrees and descended from well-known stock were inquired for, these making good values, but some lots were almost neglected, and only made a little more than ordinary herd prices. Top prices in cows were paid by the Owavas Estate for “Sea Nymph’ (Gladbrook bred), at 165 guineas, others making from 10 guineas to 34 guineas. The two-year heifers were a good lot and bred by the vendor and elecited much better competition. Mr. J. E. Hewitt, the well-known Romney breeder, was a keen bidder on these, securing the two top-priced lots, viz., Aigrette 3rd of Wairangi at 110 guineas, and Mascott 3rd of Wairangi at 102 guineas the balance of the lots ranging from 19, 31, 43, 46 to 50 guineas. Yearling heifers made 11, 12, 15, 20, 30, to 34 guineas, the majority of the lota being secured by Mr. N. B. Gibbons, of Wanganui; other buyers being J. W, EUmgham, Hawke’s Bay, J. P. Knight, Manawatu, R. E. Crssswell, Wairarapa , and F, White. Bulls did not sell as freely as the female stock, the “Gladbrook” hull Tutor only making 55 guineas (purchaser, A. H. Herbert). Other principal sales were for two-year-olds as follows: ‘Lord of Wairangi,” N. B. Gibbons, 60 guineas; “Timothy of Wairangi,” Mr. Guild, Terauka i Canterbury, 34 guineas; others making 20 to 33 guineas, being secured by local purchasers. Yearling bulls were not in demand and are open for private sale through, the auctioneers’ Eketahuna agency. - WELLINGTON HIDE SALES. At the Wellington hide sales on Friday bidding was slow at an all-round decline of lid per lb. excepting for kip, which maintained last sale’s level of prices'. There were large withdrawals m consequence of the decline in prices. Tallow was saleable at very low figures compared with the top, rates of a month ago, Hie top price offered for mixed being 41s. DOLLAR EXCHANGE. Telegraphic advice received by a financial house (says the Dominion) dated July 16, gives the exchange rate, London, on New York, at 3.98 i dollars to the’£. On the day previous a telegram gave the rate of 3.91 dollars, so that there has been an improvement of 7J cents in favour of London. The mint par of exchange is 4.86 dollars, so that the current rate is 87i cents less.