COMMERCIAL

Auckland Star, Volume LIV, Issue 72, 24 March 1923, Page 13

COMMERCIAL

Messrs. Italgcty and Company. Limited, report received the folJowlne cable from their Head Office, London, under dale the 22nd Inst. :—X.Z. prime crossbred lamb, canterbury, heavy light, 12Jd; North Island, heavy 113 d. light lljd. Demand ■or .New Zealand lamb not Improved by change in prices and market weaker. NewZealand prime crossbred mutton : Canterbury, heavy not quoted, lijrht not quoted: North Island, heavy Kjd. light BJd. Demand for Neiv Zealand mnrton limited and market weaker. New Zealand prime ox beef : Hinds 4Jd. fores 3jd. Demand for New Zealand beef moderate and market steady. <Jood average quality crossbred lamb: Australian, heavy Hjd. light OJd. Demand for Australian lamb Jlmited. Good average quality crossbred mutton : Australian, heavy ,'jd, light Gd. Demand for Australian mutton poor. C'.VXTKRBIRY MARKETS. rrmiKTCjirnrir. Friday. The demand for oats continues fairly firm, Australian inquiries keeping the markot up. Very little buslm-Hs with Australia is reported, however, and it in surmised that the arrival of supplies from Tasmania may account for this state of things. Quotations remain unaltered. A further weakening in the price of peas in reported, and quotations for first-quality range from r>/» to "i/C. <".'halr al.so shown a further weakening, low as £4. with a possible maximum of £4 in/, though some nuthorll—> en-isider i' 4 :"i/ Is the outside value. White ... er and ryegrass are at recent quotations. One or two samples of cowgrass have come to hand, quotations being from 0d to 10d. Sales of potatoes at £3 10/ for April-May delivery are reported, but £?• 13/ haa also been paid.

rOREIOX EXCHANGES. | LONDON, March 22. Short loans. 1J per cent, the came as Inst week ; three months' bills, 2J per cent, against 28 P" cent last week. The following rntes nn foreign exchanges arc current to-day, as compared with the cabled quotatioiiH on March ID and par:— .March L'2. March 1!). Par. New York <tdol cnje 4.70J 4.R(»r, Montreal 4<lol 7Kj<: WU 4.HI5C Paris illfr 75c 78.20 25.225 Home 'JBJlire !>7 35.SS5 Berlin »7,00(> '.17.500 20.48 Stockholm 17kr O.'torn. 1".e.'i 18.159 fhrisrlanlu ... 20.80 18.159 Copenhagen .. 24kr40ore 18.100 Calcutta 1/4 3-32 1/4 8-82 2/ Hongkong 2/4J 2/4 — Vokohama .. . 2/OJ -J/0? 2/01 CONSOLS AND COLONIAL STOCKS. The following tnble gives quotations for coiihoIh and colonial inscribed Btocks, compared with those of March 15 :— Price. Variation. £ s. d. R. d. Consols, 24 per cent .. 50 10 0 15 0t Brltiah 34 p.c war loan 05 10 0 Same. British 5 p.c. war loan 101 15 0 7 6t British Conversion, 35 p.c. 77 7 6 20 Ot N Z. 4 p.c, 1 !>!!!> 1(5 5 <• 2 (it N.Z. 31 p.c, 1II4O S3 15 0 7 0t N'.Z. 3 p.c, 1!(45 75 0 0 17 6* N.Z. 0 p.c, 11)30-31 108 17 (J Same. tHighcr. CEREALS, PULSE, SUGAR. Whent.—Cargoes nre steady and quotations unchanged. Parcels are quiet and easier. Australian landed are quoted at 53/. Flour.—Steady and slow. Australian, ex store, 36/0. Barley.—Quiet and steady. Oats and Roans.—Unchanged. Peas.—Slightly easier. Sugar—Granulated, (il/4. METALS. Copper.—On spot, £75: forward, £75 Lead.—On spot, £2S 7/6; forwurd, £28 17/G. Spelter.—On spot, £3G IB/; forward, £80 15/. Tin.—On spot, HTS.i 3 7/0; forward, £224 12/0. Silver.— 2/8 71(5 per oz standard.