COMMERCIAL.

Taranaki Daily News, 28 February 1922, Page 5

COMMERCIAL.

CITY EQUITABLE INSURANCE CO. By Telegraph.—Press Assn. —Copyright. London, Feb. 25. The Official Receiver authorises an Interim announcement stating that the immediate causes of the City Equitable Company's difficulties were highly speculative financial dealings undertaken largely by the direction of the chairman (Mr. Bevan). Many Investments were wholly unsuitable to an insurance company. The business balance-sheet, issued in February, 1920, did not disclose the company's true position. LONDON MEAT MARKET London, Feb. 24. Lambs.—South American light, 9%d, heavy 9d. Frozen beef.—New Zealand and Australian hinds all 4d. Chilled beef.—Argentine fores 3%d, hinds 5 l--8d; Uruguay fores 3%d, hinds 4%d; others unchanged. SYDNEY WOOL SALES. Received Feb. 27, 10.55 p.m. Sydney, Feb. 27. The wool sales were continued’ to-day. There was spirited competition In all classes, late rates being maintained. BUTTER AND CHEESE. The New Zealand Loan and Mercantile Agency Company, Ltd., have received the following cablegram from their London house under date 24th instant: — Butter.—New Zealand salted, 136 s to 140 s per cwt.; New Zealand unsalted, 140 s to 145 s per cwt. Market slow. Cheese.—9os to 100 s per cwt. Market Quiet. AUCKLAND SHARE MARKET. By Telegraph—Press Association. .Auckland, Last Night. Sales on the Stock Kxchange to-day were: Soldiers' Bonds £94 10s; Bank of New Zealand 475; Union Bank of Australia (old), £l6 11s; Auckland Gas, 20s 9d; WaiH, 18s 6d. Quotations are: —Banks: Australia £ll las and £ll ss, Commercial (sellers) 28s, New South Wales, ex div. (sellers) £36, National (buyers) £5 14s, New Zealand 47s 3d and 4<Js 9d, Union (old) £ll 18s and £ll 15s. Insurance: National 60s and 58s, New Zealand 28s and 27s 6d, South British 33s 6d and 32s 9d, Standard (buyers) 52s 9d. River Plate 20s and 18s 3d; Loan and Mercantile (buyers) £56; Taupirl Coal 17s Gd and 16s 6d; Westport Stockton (sellers) 6s 3d; Auckland Gas 20s lOd and 20s 9d, contributing 16s lOd and 16s 4d; Huddart Parker 43s 9d and 42a 6d; P. and O. £330 and £3lO ; Leyland and O’Brien (.buyers) 31s; Kaiapoi Woollen (buyers) 25s 6d; Mosgiel Woollen (buyers) 5%d; Wallington Woollen, preference (buyers) £7 8s; Auckland Trams 16s 3d and 15s 9d, preference (buyers) IBs 9d; Merediths (Samoa), sellers 15s; Paper Mills (sellers) 235; Refrigerating (sellers) 255, contributing 14s and 13s; Wilson’s C»?ment 15s Gd and 15s; Hauraki Mines (sellers) 3s; Ohinemurl (sellers) 4s 3d; Waihi 18s Gd and l«s 3d; Grand Junction 7s and 6s sd.