COMMERCIAL.

Auckland Star, Volume LIII, Issue 142, 17 June 1922, Page 5

COMMERCIAL.

THE LONDON' MARKETS. LONDON. June 15. RATES OF DISCOUNT. Short loans, 2 per cent, as against 2} per cent last week; three-month bills, 2$ per cent, as against 28 per cent last week. FOREIGN EXCHANGES. The following rates on foreign exchanges are current to-day, as compared with the cabled quotations on June 12 and par:— June 15. Jnne 12. Par. New York ... 4dol 47* 4.48. 4.866 Montreal 4<lol 51J 454 4.866 Paris 50fr5.c 50.37 25.255 Berlin l:fflOm 1447 20.43 Kerne 881lre 25c 88.35 25.255 Stockholm ... 17kr 27ore 17.25 18.159 Oiristianla .. 2likr Wore 25.57 18.159 Copenhagen .. 20kr50ore 20.46 18.159 Calcutta I/Si 1/31 2/ Hongkong ... 2/8 2/G| — Yokohama ... 2/li B/li 2/04 CONSOLS AND COLONIAL STOCKS. The following tabic gives quotations for consols and colonial Inscribed stocks, compared wtih those of June 8:— Price. Variation. Consols, 21 per cent 54 17 6 17 0* British 3_ p.c war loon 08 15 0 5 0» British 5 p.c. war loan.. 90 7 6 2 6* New Zealand 4 p.c, 1029 92 12 6 17 0* _Sew Zealand 31 p.c, 1940 79 7 6 7 6* New Zealand 3 p.c, 1945 71 10 0 30 0* •Lower. CEREALS, PULSE, SUGAR. Wheat cargoes are firm, owing to rumours of damage to the spring crop in North America, coupled with Brm Plate advices. Sellers are asking 6<l to Od advance, but the consumptive demand is quiet. The spot trade is dull, aud prices arc easier. Australian, ex ship, is quoted at 56/. 'Flour is quiet, Australian, ex store, is qloted at 42/ to 43/. Barley, oats, beans, and peas are quiet, and prices are unchanged. Sugar, granuluted. is quoted at 50/3. Lead imports during May totalled 13,860 tons, of which 6085 tons came from Australia. Exports totalled 3794 tons.—(A. and N.Z. Cable.)