London, July 28.
Amon; commodities, rubber ruled firm on a good Continental demand.
London, July 28. important tea-broking firm of Messrs, Bunting & Ca., reach. ed its ^journey's end" today, with the issue of an official. announcement of its proposed liquidation.
"The Committee appointed by the meeting of interested parties on July 14," the announcement states, "has since then been in constant session, and as a result of their investigations into the Company's affairs have recommended that the Company should go into liquidation as a crediter's voluntary winding up. The Comrasy.has decided to accept that recommendation, and has issued notices calling meetings to pass a requisite resolution at Plantation House on August 2."
The Company's solicitors informed Reuter that the tea stocks involved, valued at' £1,250,000, were strongly held.
The meeting was called following recent reports of the difficulties of leading tea firms whose cheques were alleged to have been returned marked "refer to drawer." The solicitors of Messrs, Bunting & Ca., had served a writ on the English and Scottish Joint Ca-operative Society, claiming that the Society was bound on demand to buy from and take delivery of stocks received by them. Also that the Society was bound to indemnify the Company, as their brokers and Agents, for the purchase of said tea as well as all liabilities arising therefrom.
The Company has laid claim for the sum of £1,250,000 as well as for breach of contract, London Rubber: Spot, buyers 8% +i sellers 8j, jy; Aug. delivery buyers 8% hiy; sellers London Sugar (buyers): August 7/004 474; December 6/2 March 6/22, 3 Liverpool Wheat! July 3/7% +1: Oct.
3/9% +l; Dec. 4/0% +1 Liverpool Cotton: American Futures:
July 490 +3; Sept. 458 +2; Oct. 449 43; Nov. 440 +2. Egyptian Futures:
July 628 +6; Sept. 628 +6; Oct. 628 45; Nov. 633 +5.
London Metals: Copper, Standard cash, 3 mths sellers per, Electrolytic, buy-sellers £499, 4; Tin, cash, sellers £230 unc; 3 mths sellers £225—4; Lead, For. official price, sellers 21416 unc; 3 mths delivery, official price, sellers 2141 unc; Spelier, Ord. official price, sellers
price, sellers £14} +y,—Reuter.
Hk: D mins delivery, official LI
Paris Bourse Paris, July 28.
The Paris Bourse opened strong today on heavy buying.
During the session, trading slackened and prices dropped fractions, to close the day steady.—Havas
Text read from the printed page and cleaned; old type leaves the occasional error.