COMMERCIAL.

Taranaki Daily News, 7 November 1921, Page 5

COMMERCIAL.

LONDON MARKETS. LATEST MEAT PRICES. By Telegraph.—Press Assn —Copyright Received Nov. 6, 5.5 p.m. London, Nov. 5. Sheep.—Canterbury light 6%d, medium 5%d, aeavy sd; Southland 5%d; North Island 5%d and 5 3-sd, ewes 4%d; South .American light 5%d, heavy 4%d; Patagonian light sd, heavy 4 J Ad, ewes 3%d. Lambs.—Southland B J 4d; North Island selected ordinary «d; South American light 6%d, heavy 5%d. Frozen Beef.—Australian crops 3%d, hinds s^4d:Argentine hinds 6%d, chilled hinds Bd. Rubber. —Fine hard Para 14d per pound; plantation, first latex crepe, 10 l-8d; smoked ribbed sheet 10%d. Copra.—South Sea bagged, October-Decem-ber shipment, £26 10s per ton. New Zealand hemp, September-November shipment, £37 per ton. Linseed oil, £27 10s per ton, equal to 2s 3%d per gallon. Turpentine, 88s 6d per cwt., equal to 5s 2d per gallon. Tin stocks total 22,891 tons, including spot 3134 and afloat 1830. Deliveries during October totalled 2063.

THE WOOL MARKET. I B.A.W.R.A. SALE AT HULL. Received Nov. 5, 5.5 p.m. London, Nov. 4. 1 At the B.A.W.R.A.’s wool sale at Hull thirty-five thousand bales were offered. The ; market was finm for best merinos, but aver- > age sorts were 7% to 10 per cent, below the London closing rates. Crossbreds were unebanged, and scoureda and stipes were firm at full late rites. THE METAL INDUSTRY. Received Nov. 6, 5. sp.m. London, Nov. 5. A zinc manufacturers* conference discussed the Board of Trade’s proposals regarding concentrates and decided to submit an offer for an immediate purchase. It also discussed the Board of Trade’s proposal for a long term contract to run pari passu with the Board of Trade’s agreement with the producers. The matter was adjourned in order to arrive at a figure at which to make an offer. The proposed attempt to restore the Cornish tin mines means an amalgamation costing £500,000, the Government being asked to find calf. LOAN FOR EAST AFRICA. Received Nov. 5, 5.5 p.m. London, Nov. 4. A loan of £5,000,000 for the Kenya province of British East Africa has been underwritten. It Is in 6 per cent, stock, the issue price being 95. P. AND 0. SHARES. Received Nov. 5, 5.5 t>.m. London, Nov. 4. P. and O. shares.—Buyers £270; sellers £290. QALGETY’S PROFIT. Received Nov. 6, 5.5 p.m. London, Nov. 4. Dalgety’s net profit amounts to £140,606. making £194,111 divisible. A final arvldend of 5s fid a share free of English tax was declared, making 10 per cent, for the year. The firm carried to reserve £50,000, to the staff provident fund £lO,OOO, and forward £74,111. NELSON BROS.’ PROFIT. Received Nov. 6, 11.40 p.m. London, Nov. 6. Nelson Bros.’ divisible profits total £71,759 and they carried forward £23,421.