COMMERCIAL.

Taranaki Daily News, 22 March 1920, Page 4

COMMERCIAL.

' LONDON MARKETS. By Telegraph.—Press Assn.—Copyright. Received March 21, 5.3 p.m. London, Match 16. The decline in tin is due to speculators selling on lower Eastern prices. Dalgety's, £lO 17s Qd. The National Morten ee of New Zealand shows a profit of £05,752. A final dividend of Is 6d and a bonus of 3s was declare:!; placed to reserve £SOOO, carried forward £ 50,752. Merinos, fine raedlum crossbieds harder; "C.W'.C." 21d. The Government stock of spelter is 7209 tons; lead 40,485. London, March 17. j The Imperial Tobacco Company la increasing 1 its capital by £12,000,000 in £1 shares, of which 5,600,000 were immediately offered to shareholders at £2. London, March 17. In the absence of demand no tallow sales were held. The Stock Exchange is weak, owing to fears of an advance in the bank rate. Consols £4B, Waihi 41s 3d and 43s Id, Junctions lis, P. and 0. £550 and £570. Gold 110s, silver 65% d. The fall is due to the improved American exchange. The decline in tin and copper is due to heavy realisations. At the wool sales a fair selection of merinos and crossbreds was offered. Prices were harder owing to more Continental competition. Received March 20, 5.5 p.m. London, March 18. Wheat.—Market quiet. Australian sprit nominal &t revised price of 100s. Flour.—A strong demand. Small quantities released at the new price of 05s Bd, Oats, firm, but quiet. Peas.—Market dull. New Zealand 120s tq 1255 ( maples 140s to 1455. Beans. —Market slow and unchanged. Sugar.—Wblte Mauritius, spot 117s. Tin. —The decline is due to heavy realisation. Wool.—At the sales there was a better selection of Merinos and crossbreds, and prices were harder for all sor,ts. A record price of 13% d was obtained for scoured, and for first combing ewe 1255, the average being 123 d; New Zealand Gear 58d. The Bradford market has a healthy tone. More business is doing. Sixty-fours 156 d to 159 d; fiftysixes, 93d; forty-sixes, 42d. Stock Exchange,—The market is very flat, especially for gilt-edged securities, although the Bank rate is unaltered. Short loans 4% per cent, three months bills 5% per cent. Foreign Exchange.—The rates on London &Te: PaTls 50.58 franca? Stockholm, 18.27 kroner; Christianla, 20 65 kroner; Calcutta, to tho rupee; Montreal, 4.18 dollars to the £1; New York, 3.72 dollars to the £l.