COMMERCIAL.

Auckland Star, Volume LIV, Issue 130, 2 June 1923, Page 11

COMMERCIAL.

! THE LONDON MARKETS. X" FOREIGN EXCHANGES. LONDON, March 31. The followlntr rates on foreign exchanges are current to-day. ns compared with the cabled quotations on May 24 and par:— May 31. May 24. Par. New York Idol.) 4.023 4.02} 4.SOG Montreal (dol.) 4.731 4.73J 4.ROG Pnris (fr.) ... 70.45 60.75 2.1.225 l Rome (lire) .. 07? OCJ 25.225 i Berlin (m.l .. 320.000 2R0.000 20.-13 j I Stockholm (kr.) 17.3.1 17.37 15.159 j I Christtnnia (kr.) 27.50 25.45 lß.lriO| i Copenhagen (kr.l 24.07 25.03 1R.159, Calcutta (pence) I.o* lfij .2/ . Hongkong (pence) 2RJ 2Si — | Yokohama (pence) 25" 253 2/o_j RATES OF DISCOUNT. I Short loans, 1* per cent, same as last j ti-ppk : three months' hills. 1 15-1G per cent, I compared with 2 per cent last week. j CONSOLS ANT) COLONIAL STOCKS. The following tahlo gives quotations for , I consols nnd colonial Inscribed stocks, comI pared with those ot May 24 : — Price. Variation. & & Consols, 2* p.c 59* St , British 35 p.c. war loan 00 It British 5 p.c. war lonn ..".. 1013; It British Conversion. 3* p.c. .. 81$ lit New Zealand 4 p.c, 192!) .. . 953 ' St New Zealand 8J p.c, 1940 . . 865 I* New Zealand 3 p.c. 1945 . .. 773 it New Zealand 0 p.c, 1036-51 111 h* • Lower. t Higher. I WOOL. On the Bradford wool market no business is reported, though top makers have . reduced quotations. Sixty-four's are quoted J at 5/2. 56 - s at -il. 50's at 2/3, 4S's at 1/9, 4G's at 1/0, and 40's at 1/4 J. j RABBITSKIN" SALES. J At the rahbitskin sales, 1550 were i offered and 900 sold. Hatters' sorts were, unchanged. Medium grades and stout pelted suitable for furriers advanced 10 to 20 per cent. Others were unchanged. I CEREALS, PULSE, AXD SUGAR. Wheat. —Cargoes are dull, under continued pressure to sell, owing to a full j Indian crop, and an exportable surplus o£ S 000,000 quarters. Parcels are rather better, though the spot trade Is slow. Fl our .—Quiet. Australian, ex store, 3i/3 to 37/0. Barley.—lnactive. Australian Chevalier, 40/ to 4S/. Oats.—Dull. Peas and Beans. —Firm. Sugar.—Granulated, 66/ li per cwt. THE BUTTER MARKET. IMPROVEMENT EXPECTED. I Dalgetv and Company. Ltd.. arc in re- ' celpt of the following cablegram from their London office, under date of May 31 :— Butter. —Rather more Inquiry. New Zealand butter, salted, 142/; Australian ga.o 130/; Danish, 150/: finest Aus- ' trallan. salted 138/, unsalted 140/. Cheese.—Market steady. White and coloured. 90/ ; Canadian c.i.f., SS/- Very little doing. Mr. W. W. Bowker has received a cablegram from A. .T. Mills and Co.. Ltd., London, dated May 31. ns follows : — Butter. —The market is steady. Salted. 142/: unsalted, 144/ to 140/. We think the market has now touched bottom and an improvement may be looked for shortly. Cheese.—The market is firmer. White and coloured, 88/ to 90/. CANTERBURY MARKETS. POTATOES FOR AUCKLAND. (By Telegraph.—Press Association.. CHRISTCHURCH, Friday. The excitement in the potato market has subsided to some extent. Next week about 10,000 sticks will arrive in Auckland. Although potatoes have been carefully picked over where dug from flooded areas, there is a general fear that a proportion will not retain their soundness on the voyage. The Kaitoke is taking between 5000 nnd GOOO sacks, and it is understood that to secure this quantity very heivy re'e-tions at the port were necessary. The Whangape is due to sail to-day from Lyttelton. She I lifted 1000 sacks from Timaru, and 1:000 from Lyttelton. The Katoa has sailed North from Timaru with 2000, a total of 10,000 to 11,000. The Kaituna,'which j is due to sail late next week, has had her j space cut down, ami probably her canto will not exceed 4000 to 5000 sacks. iv 1 view of deliveries for shipment there has 1 been an easing temporarily in the local | market as far as merchants' offers are conj cerned. anil some purchases have be»n I made at £7« ton, though £7 10/ is tne j more general price. Growers, however, are ' almost Invariably holding for higher prices , particularly in cases where crops were not flooded. Varied reports, hut mostly pessi- . tulstie, continue to come to hand as to the condition of potatoes. Flue weather has j permitted digging to proceed apace, i Cofff is easier, and is quoted at £5 to ~;i 5/ per ton. Oats show no alteration. Millers are accepting good samples of wheat when offered. Fowl wheat is worth i, ° , 4/ J t0 f,lrmer ~" It Is firm at this price, but outside inquiry Is so far limited Pens arc still very firm at up tn 7/u at country stations. Perennial rve~ras-< Is the liveliest section of the seed trade. Sales I V?-*-" o '} machine-dressed have been man.. '''i' 0 , '/ , , > - Cowgrass is Inclined to be n shade brighter at from Old to 102(1. MEAT BOARD QUOTATIONS (By Telegraph.—Press Association.) j WELLINGTON, Friday. | The New Zealand Meat Producers' Board! | advises that the following prices were 1 j being offered yesterday for meat for ex-j I port :— | Auckland.—Wethers, 041b and under, ! ."id: prime woolly lambs, 42!b anil under, | Sid. | Poverty fin v.—Wethers. 04lh and under, ! 5Jd ; prime woolly lambs, 421 bund under, I Mil ; 431b nnd over. 7Jd : second quality. I Tjd. I IlHWkr'K Bar.—Wethers. r,411> an,l under,' sjd ; prime woolly lambs. 421b and under. I 9d : 431b and over, fid ; second quality, Kd. ! . I Wanganui. —Wethers, Glib and under, • : i sjd : prime woolly lambs. 421b and under. I ' 9d ; 4:ilb and over, ,Sd : second quality. ,S,I j Wellington.—Wethers, 6-llb and nuder i 5Jd : prime woolly lambs. 4L'lb and nude- I •9d: 43111 and over. J~i: neconil quality, s.-.'l | Canterbury.—Prime wooliv lambs"' I2li> I and under, Did to 9_d ; second iiuul-tv . S»d to bid. Southland.—Wethers. 5G!h and under 1 iGd : prime woolly lambs. 421b nnd unde-' a I 9(1 ; second quality, sjd. ' s