COMMERCIAL.

Auckland Star, Volume LIII, Issue 196, 19 August 1922, Page 13

COMMERCIAL.

THE LOXOOX MARKETS.

LONDON. August 17. RATES OF DISCOUNT. Short loiiiis, lj per cent, the samp a.« last week; three months' bills, -J per cent, against '2. per cent last week. FOREIGN EXCHANGES. The followlna rates on foreijrn exchanges nre current to-day, as compared with the cabled Qrtotations on AilKiUt 14 anil par:— IT. Aiir. 14. Par. New York 4<lol -JTi'c 4.44>4 4.5U6 Montreal -4i1.il 47j,; 4.4(iJ 4.Rfi'i Purls rrfifr (iOc Go. 1 ■"> -"").ii"i Home 1 li!>ilire> U7} 1i5.2^."> Berlin 47"Jjm 3700 ■JO.^:'. Stockholm lKI;r!!0ore 1" 18.l."i!» Christiania iSikr 07ore 2.1.77 1K.1.V.t iCopenJiaKen - -'Okr UOore J0.7- IS. lo'-> Calcutta l -'18 l/"t l-l« -/ Hoi.(ikons J/? 3 Yokohama •J/TJ 2/"lJ -/OJ CONSOLS AXI) -VSI. STOCKS. The following table gives quotations for consols and New Zealand inseriliell stocks, compared with those of Ausn.it 10: — Price. Variation. £ s. ,1. s. d. Consols. 2* per cent ... !W PJ <( -' <" ! Tlritlsh 3j"p.c. war loan '.».". 10 0 Same. 'British 5 p.c. war loan 'Kill 10 O 3 0* New Zeahind 4 p<.. litti !K> (I O — iXew Zealand :ij p.c. I'.UU SSI 10 0 Same. New Zealand n" p.c. ir»4r> 7:t r. 0 — *Lower. -Not quoted last week. BITTKR AND OHKESE. Butter is firmer uwinj: to supplies decreasInjt. New-Zealand choicest, salted. aM,' to JOK ; Australian. I'M/ t<> 3K),'. Insalted. which is very scarce, is at aljout 10/ l'rcmluin. The cheese unarket Is very firm. New Zeal-.iml. white !>J : coloured. 8»/. WOO 1,. The Bradford wool market shows a holiday tone, (.'notations arc unchanged. PEREAFX rtI.SK ANT) SUGAR. Wheat cargoes are Inactive, with consumers holdiiiK off in view of the proximity of American supplies and the home harvest. Parcels are in fair demand at lower rates. A fair trade is Iwlnt! done mi . spot. Australian, ex ship. Is quoted at Plour is quiet. Australian, ex store, is quoted at 3S, C. Oats are dull: New Zealand A :U , H HO/. Barley is quiet. The nominal value of Australian for shipment is 40 to 4."i c.i.f. Peas are slow; New Zealand Miles, on spot .'KiO/ to 400/: maples for shipment. 37/0 c.l.f. Beans are unchanged. Sugar. —Granulated. 5.'!. i>. TRICES OF METALS. Copper.— Oα spot. £(M 1/3; forward. £04 .'!. 0. Lead.—On spot. £!4 12/fi; forward. CS-l 17/8. • Spelter.—On spot. it?l 12/6: forward. £30 12/ U. Tin.—On spot. £101 11/. - !: forward, £IGI 13/0. ■Silvtr, "J/ 10| per standard ounce.—(A. au<s N.Z. Cal)le.) Messrs. Dnlsety and Company. Ltd.. have received the following cable from rhfir lyondon office, under date T7th inst.:Bntter. -We quote: '5.7.. butter, salted. •J"s : Australian. 8.a.q.. lmtlor. l!is : Ilanisli liutter. 210': finest Au'StrullUU, salted XH , misalted 'JH . white ixi' , coloured WI . Frozen Meat.— Primp N. 7.. erosslired la mil. «"anterlmry. heavy 10f<l. linlit lljd; North Island, heavy lnjil. llchi !"Jcl- I>e mand for N.Z. lamb lutt.-r owln- io warm weather, and prices sfeadr. N./.. priino crossbred mutton. <'anterbnry. heavy SJU. llßflt «id: North Island, heavy 4Jd. llklii s}d Deraanrt for N.Z. mutton runs principally on 'light weights, and tiri-'es tinner. N 7.' prime ox beef lilmls 4Jd. fores 3d. Demand for N.Z. beef better, ami market steady. (food average quality crossbred lamb. Australian, heavy !M. licht !>jd: mutton heavy 4J.1. II trti t 4jd. Demand for Australian lam : b and mutton fair. MELBOIHNI-; IIIIJE SAL&S. ■MCT.TIorUNK. August 18. At the hide sales competition was very keen Tor Hshts. which were id to Jd dearer. Heaviest with no substance, and btidly conditioned parcels, were Irregular and neglected.--(A. and N.z. Cable.i AUSTHALIAN I'RODI'CE. MEI/BOfHXK. AiIKUSt IS. Barley Encllsli .'! 10 to 4 . Cape I'.'lO to .-. ■ oats'.-t"! to :i .'.; potatoes, a to i> .". ; onions, iai- , in C13.-IA. and S.X. Cable • CANTEItBt'KY MAKKETS. (By Telegraoh.—Press Association.) dIIRISTCUUUCU, Kriaay. The produce market is alunw! devoid of life. TUi , imtato iiosillon. if anything, has moved toward easier values. A couplu »'f boats dlirlnp the neik have taken small .-onslKumi-nts. aKurpgatlng abuut ;tW.n» sacks, to Auckland, and the Opihi and Wlncatul are due 1" leave within a week with further supplies, the Winpatul pro■lmblv with aWs nmslsfuinent. Tile sum of £i 5 ncr ton at country stations Is bcine quoted. Sale* have taken place at less than that figure, however. Farmers their" attitude being that'it Iμ unprofitable to take the tubers ont of the pit in anticipation of tindiiie a market. It was reported to-day that inquiries for potatoes •had been received fro.m Australia, hut how exiiort can tie anticipated in face of the embnrco cannot be iniiiKined. In any case reports from Australia are asauist a possible potato shortage there. Oats are weaker, and It ermle have been offered at 2 "S. f.o.b. South Island, enoal to 2'l at

country stations, and a srade at 2/30. Chaff is weak at 55/ to d> at . onntry stations. Blenheim is im'lersellinz for the North Island traiie. Cocksfoot has romr hack. It is understood quotations of Danish SPP'I biivp I.een made ..n n c.l.f. Imrlx of Sri per |h. Local merchants who wonqnotini; fld last wpck urp now namiiiK SJd to HJri. So fnr it is not reported that actual onrehan* nf riJinisli h:ivi> ho ( -n m.nilc. Qrotiltions locally are 5(1 to ojrt at count r stations. Unseed Is inclin.il to he weaker. £14 hems quoted to fanners. Cowsraas and rypffrpss are unaltered. Fowl wheat is quoted at 4 ' f.0.1).. with lirtlo dolnj.