COMMERCIAL.

Taranaki Herald, Volume LXVIII, Issue 16895, 18 November 1920, Page 7

COMMERCIAL.

. LONDON MARKETS. By Telegraph—Press Assn.—Copyright. LONDON, Nov. 16. P. and O. Shares.—Buyers £450, sellers £470. The price of gold has been fixed at 120 s9d per ounce. The United States is taking the small quantity offered. Banks. —Australasia, £B3 10s; New Smith Wales, £2B ss; Union, £l2 ss; National, 120 s; New Zealand, £73 15s and £33 ss. Now Zealand Loan and Mercantile.— £9B and £9s.—Aus.-N.Z. Cable Assn. QUEENSLAND TRAMWAYS. _2 (Received Nov. 18. 10.30 a.m.) LONDON, Nov. 17. Tlie Queensland electric tramways have circularised debenture stock-hold-ers to the effect that as the Queensland Government has not yet exercised its rights of purchase, the company is compelled to ask stockholders to postpone the redemption of debentures Tor three years, receiving in the meantime 8 per cent, interest with a premium of 2 per cent, if the stock is redeemed within three years.—Ans.-jY.Z. Cable Assn. THE WOOL SALES. LONDON. Nov. 16. At to-day’s wool sale a rather better demand prevailed, with f?wer withdrawals. Reserves for crossbreds were Towered, but combing Merinos are still too high. Prices generally were un-changed.—Aus.-N.Z. Cable Assn. Per Press Association. AUCKLAND, Nov. 17. The first round of the wool sales for the North Island has been abandoned. Information received to-day by the chairman of the Auckland Woolbrokers’ Association stated that a meeting of wool buyers had been held at Christchurch and buyers had , decided not to attend any of the first sales fixed for the North Island. The first Auckland sale will be field on February 3, the date originally fixed for the second sale. WELLINGTON Wt)OL SALES. . NOT TO BE HELD. WELLINGTON, Nov. 18. The Wellington wool sales, set down for Monday next, have been cancelled. The catalogue would have totalled in the vicinity of 2500 hales and the brokers Were prepared to hold the sale with a view the market for North Island wools. It was considered the catalogue would have comprised an offering fairly representative of the North Island and so would have afforded some indication of the market Values. The latest advice from tho Wool Buyers’ Association, intimating that they desired tho dancellSt-ion of the Wellington sale, has led the Wellington Woolbrokers’ Association to fall into line. Sales will be resumed at ChristAxurch on December 7 'and will continue as follows; Timaru December 10, Dunedin December 14, Wellington Detember 20.

Messrs. Dalgety qnd Co., Ltd., resort baving received the following cable from their London office under date of 12th inst;—“Wool sales continued, slightly Better demand at the decline; 36's and- 40’s slightly below, 44’s and 46’s about appraisement prices, 48’s to 56’s slightly above, 58’s to 64’s 40 per cent to 50 per cCht above. Cannot quote closer owing to small quantity sold. Sale very irregular.” AUCKLAND SHARE MARKET.' SPECIAL TO HEHALB. AUCKLAND, Nov.' 18. . Mr. E. P. Webster’s Auckland agents report the following Stock Exchange quotations and sales. — Walhi, sellers 335, buyers 31s; Junction, 10s 4d and 9s 6d; Talisman, 6s arid t 5s fd; Hauraki, contributing, 3s lOd and 3s 3d; National Bank, £6 6s and £6 2s 6d; Bank of Now. Zealand, £25 (seller); Union Bank, £l2 14s and £l2 12s; New Zealand Insurance, 28s and 27s 6d;. South British Insurance, £8 11s 6d (seller); Huddart-Parker and Co., 48s 6d (seller); Auckland Trams,. 15s and 14s 3d; Wilson’s Cement, 16s 6d and 16s 4d.