COMMERCIAL

Auckland Star, Volume LIII, Issue 172, 22 July 1922, Page 5

COMMERCIAL

THE LONDON MARKETS. LOSDOS, Jolj 20. ? , KATES OP DISCOUNT. ~- * Short loans, 1J per cent, the s__ne „ _,-i week: three month's biHs, 1_ against 2 per cent last week. ■ FORKTGX EXCHANGES. The following rates on foreign ______ are current to-day, as compared imS cabled qnotafXans on July XT ___ j______ July 20. July 17 p,New York 4dc_4sic 4.441 *J__ £lontreal 4d0149c 4.48" 4j«5. Paris 52-rGOc 53.85 I__JsS Berlin . 2145 m 2020 20 42 Rome 95JlLre _T_ '_ Stockholm .-. 17kr llore 17.15 lSJja ,Christ___iria .. 2Skr7sore 28.55 _____ fopenhagen _. 20kr(riore 20.06 ______ Calcutta 1/3 J-l-16 l/3i •>/ (Hongkong i/7_ 2/7} _. Yokohama ... 2/li 2/14 2/«* COXSOLS AXD XEW ZEALAND STOCKSL The fo&sying table gives qnotat-C-is for consols and New Zealand inscribed stocks compared with, those of July 13: — Price. Variation. Consols, 2A per cent- .. 59 __ 6 22 _. British 3_ p.c war loan 86 0 0 — British 5 p.c. war loan 100 15 0 — New Zealand 4 p.c. IS-5) 95 15 0 — t Higher. — Not quoted last week. CEREALS. PULSE AXD SUGAR. -"-', Wheat cargoes are dnll, owing to millers heinjr folly stocked. There is a decline of sixpence on parcels. Manchester quotes 53/6 for ou passage. The spot trade is __r_a_ with more doing. An Am. trail- n crn-go, e_c ship, sold at 56/6. Flour is quiet- Australian, ex stare, isc quoted at 39/6 to 40/. Oats are firm. Xew Zealand A spat sat. quoted at 37/, B 35/. B___ley is steady. Xew Zealand for s__yment is nominally 40/ to 45/6 cXfPeas are Unn. -Xew Zealand blue-: on spot are quoted at 300/ to 400/. X____-_-_i_an, 400/ to 440/. Beans are slow. A Xew Ze____ red, clover shipment is quoted nominally aL 135/ to 140/ .if. Sugar, granulated, 51/. DAIRT PRODUCE. ' Butter is dull owing to the plenti-M supplies from all sources. Xew Ze-.il-ucd choicest is quoted at 212/ to 214/. Danish the same. Australian choicest 204/ to 2t.6/_ and secondary li? 6/ to 200/. Cheese is very slow. New Zealand coloured. -S quoted at BS/, white 32/. An_traliS-l quotations are nominal pending new arrival--. METALS. Copper: Spot £63 _/_- forward £63 S/9. Lead: Spot £25 10/. forward £-M 2.6Scelter: Spot £23 12/6. forward £29 10/. Tin: S-pot £156 11/3. itorward £156 IS. 0SUver: 3/2 5-16 ncr ex st-_n_l_-ni. Messrs. Dalgety and Company. Limited, -have received the following cable* from t-te-r-London Office.under date 20th inst- :— Frozen Meat.—yuotation Xew Zealand prime crossbred lamb: Canterbury. tre-tyy lid, light Hid: North Island, heavy xiy__. light lid. Demand for New Zealand jainfc has been checked by increased prices ajiked. yuotation Xew Zealand crossbred cxntton: Canterbury, heavy sid. light «id: North Island, heavy 4*d to 4"jd. light s£d. Demand for New Zealand mutton runs prin-ip-LLty on light weights. Quotation Xew Zealandprime ox beef : Hinds 4Jd, fores 2Jd. Ojiotation good average quality crossbred lamb: Australia, light lOd. Quotation gocd average quality crossbred nrattcm: Australian, heavy 4Jd, light 4id. Demand for lian lamp fair, but mutton poor. Messrs. Dalgety and Company. I_u__ltedreceived the following cable from tl>***r Lottdon Office under date 20th Inst.:— Butter.—Market quiet. We quote: X___. butter, salted, 214/; A-tst_-_-__j- S-a-q-. 200/: Danish, 215/: finest A_-Str-_li--a salted 208/, unsal-ed 210/Cheese.—Market quiet. X-Z. white 02/-, i coloured 90/. LONDON WOOL SALES. % (By Telegraph.—Special to "Star."> WELLINGTON, July 20. The Department of Agriculture hag r received the following cablegram, dated 19t__ 3 inst., from the High Co-ttm-sskxDer for Xew Zealand, I_ondon:— "'Wool sales opened Tuesday -witl. _. __~r_ attendance and keen eompetit-oii. eapeciaJlT from Home and French trades, and the ' tone was strong. Prices generally slurw ! little change from June series, though . superior merinos and fine crossbred _r_ . somewhat dearer. Scoured and fine slips are also about 5 per cent bipher. Offerings • for the series arc 46,000 bales B.A-W-___A_ ! Including 10.500 hales Xew Zealand, ajid 105.000 bales privately owned, of which 33,0(10 bales are Xew Zealand. With a view to affording buyers an opportunity of clearing recent heavy purchases of crossbred. B-A.W.R.A. have decided to withdraw as far as possible all descriptions below ,73's (halfbred) from current and September series. A limit fully equivalent to June values will be placed on such parcels as may be offered." The Bank of New Zealand has recetved the foDowing advice from its London office under date of 18th inst.:—"The sales I__rv.» opened with strong competition aDd large attendance of bnyere. Compared with the close of last series there is no quotable change in the prices or crossbreds, although somewhat irregular. All kinds of seoared erossbreds are quite firm and occasionally dearer. Competition is keener than at the , close of last series."

MEAT AXD TAL-OW. The .New Zealand I_oan and Mercantile Aeencv Company. I_ta_.ted love received the fonowin; cablegram from their Londo.. I house, tinder date 19th ISst;— "Tallow: We ouote present spot valnen for the following descriptions— __ ac m ___ ton 41/6 per cwt. good l>eef 40 >3 per f-wt, mixed 3G/.1 D er cwt: market active \" Z_ frozen meat: Lam*, lljd per Il>- mutton. wether maiden ewe, l!-bt 0.-d per Hi' henw s*d tier Ih. : ewe. light 4_d per lb! heaw 4*d T>er lh: improvement in dtvp.-md •Reef: Um._ronged rtast unotations _17/S_) — Ox. hinds 4}d rer lb. fores 2}d DPr _,: lunds. 32d nor pj. fores. _.d D er lb.~ THE WOOr-LEN" TEADE. Reports from the south are to the effec* that orders are being sent in very freely to the woollen mills in Otago, the d'em-ind" for worsted wean'ngs heing narticularlv strong, lhe output from the mUls Ls measured not by the demand, but hy the atnonnt of skilled labour available. Women workers cannot be got in sntlirient numbers at the present time, althongh the pay ls good. If more labour was available some miris would enlarge the plant, which, would mean increased use of locally grown wool. .TEW ZEALAXD APPLES. r.r>NT>r.V Jnly 21. New Zesl-ind apples. _? IY.-riw.ill ane PelTinL' mostly at 13/(1 tn IT'O.—(A. and 5.7.. Cable.! I -