COMMERCIAL.

Taranaki Herald, Volume LXVIII, Issue 16823, 23 August 1920, Page 3

COMMERCIAL.

LONDON SHARE MARKET. By Telegraph—Press Assn.—Copyright. (Received August 23, 8 a.m.) LONDON, August 20. P. and 0. shares are quoted: Buyers £4OO, sellers £420. LONDON, August 19. Waihi-Junction shares are quoted at £9 10s and £lO. ' EXCHANGE RATES. (Received August 23, 8 am.} LONDON,' August 19. Exchange'rates are: Paris 50.45 francs, Stockholm 17.58 kroner, Christiania 24.20 kronor, Calcutta 22Jd, Yokohama 33Jd, Montreal 4.08 dollars, Now York 3.60 i dollars. —Aus.-N.Z. Cable Assn. ENGLISH MARKETS. (Received August 23, 8 a.m.) LONDON, August 19. Wheat.—Quiet; new English samples are offering at Mark Lane at 80s and 965. ' Flour.—Slow. h Oats. —Dull and tending to bo easier.

Peas.—Steadily held; Tasmanian blues 27s to 30s per cwt. Beans.—Quiet and firm. Sugar*;—Granulated, 112 s (free); white Mauritius, spot (duty paid), 135s.—Aus.-N.Z. Cable Assn. ‘ AUCKLAND SHARE MARKET. e SPECIAL TO HERALD. AUCKLAND, August 23. Mr. E. P. Webster’s Auckland agents report 'the following Stock Exchange quotations and sales:— Waihi, sellers 36s 3d, buyers 355; Junction, 10s 9d and 10s 6d; Talisman, 8s 3d and 7s 4d; Bank of Now Zealand, £2B and £27 10s; National Bank, £6 13s (seller); National Insurance, 70s and 72s 6d; New Zealand Insurance, 30s 8d and 29s 9d; South British Insurance, £lO and £9 17s; Taupiri Coal. 18s 3d and 17s 9d; Huddart-Parker ana Co., 57s 9d and 575; Northern Steamship, 17s (buyer); Auckland Trams, 15s 9d (seller); Wilson’s Cement, 17s 9d and 17s. AMALGAMATION OP BANKS

LONDON, Aug. 19. The. English, Scottish, and Australian Bank has provisionally agreed to purchase tho controlling interest in the London Bank of Australia. Ordinary shareholders in the London Rank will receive five £25 shares in tho Eng- , Ifsh, Scottish, and Australian Bank for every nine £22 10s shares_ held, with £1 cash for each share. Preference shareholders have the option to take the same proportion of,shares with £2 cash, or a payment in cash of £l3 for each share. Mr. Wren takes charge of both banks in Australia, and Mr. Janion will be in charge of both London banks.—Aus.-N.Z. Cable Asln. FARMERS’ CO-OP. The Farmers’ Co-op. Organisation Society report: At Inglewood on Wednesday, August 18. we report a fair entry of siJ&ro cattle. Light cows were in good demand, best sorts bringing to £8 10s, others £6 5s to £B. The demand for yearling cattle was not keen, these selling at late rates. In the dairy pens bidding was free on anything showing quality and-close up, Jersey cross 'heifers bringing to £2O, others £ls to £l7 10s; backward heifers were not in demand.