COMMERCIAL.

Auckland Star, Volume LIV, Issue 185, 4 August 1923, Page 12

COMMERCIAL.

THE LONDON MARKETS. [!. LONDON. August 2. ~ RATES OF DISCOUNT. Short loans. UJ per cent, snmo as for week ended July 11); three mouths' hill, 3 1-16 per rent, rompared with .">J per cent for the week ended July lit. FOREIGN EXCHANGE!?. The following rates on foretpn excTmirpcs are current to-day, as compared Willi the cabled quotations on July ISO and par:Aug. 2. July 30. Pn r. Xew York Idol.).. 4.868 4.r>74 4.R86 Montreal (dol.l . . 4.0N 4.OSJ -l.Kfifi Paris (fr.) 7!t.75 77.95 2\'£tt Rome (lire) 105 i 11154 aa.sas Berlin (in.) ... 5.250.000 5,100.000 20.4H Stockholm <kr.).. 17.17 17.1 M 1 H.I 50 L'liristltiiiia (kr.t.. 28.(17 11.5.45 1M.1.'0 Copenhagen (kr.). 28.03 r>5.57 IS.ISU Calcutta (d.) .... 1C 1-10 IH4 J4 Hongkong <il.l .. l!<li Uilf Yokohama <»1.) .. 25j 2.1U-1G 245 CONSOLS AND XKW ZEALAND STOCKS. | The following table gives quotation for ! consols and 'New Zealand Inscribed stocKS, compared with those of July 19:— Vnrla- I rriee. tiun. I £ £ i British .11 p..-. «iir loam .... nr.A j«j | Brlt'sli ft p.c. war loan .... imij \t I British Conversion. .U |).e. . . Jf I New Zealand. 4 p.c. . . 114 Jt ! fHigher. 'Lower. JK.n div. j WHEAT, FLOI'E AXI) SffiAlt. I I Wheat.—Carßoes firm, hut holidays nnd j I labour troubles make buyers indifferent. ' Steamer parcels are i|Uiel. Nothing is ' rlolne I" spot market, and prices nominally I are unchanged. Flour.—Steady. A list nil in 11. ex stun , , is, quoted nt :i7/ to .".7/t> 11 sack. The Bradford wool market bliowf n j I better tone, though quiet, pending; I lie I I holidujs. . I .sugar.—Granulated, r>7 71 per r«i. 1 1 THE METAL MARKETS. j Copper.—Spot. £04 63: forwnfd i Jelivery. £65 1/8. Lead.—Spot.. £.21 2/G: forward delivery, I £23 10/3. I Spelter.—Spot. S3O 17/0; forward delivery. «30 12/fi. Tin. -Spot, £\H2 7,6; forward delivery, £183 7/(1. Silver. —30 ir>-t» per ox. — (A. and N.Z.) J CANTERBURY MARKETS. I POTATOES (iUOWINC; DEAKEU. (By elegraph —Press Association. 1 CHKISTCHLUCII. ITiday. A fairly active Auckland inquiry net in on Thursday for potatoes, and continued to-day, with jrrudnnll.v streniitheniiij; prices. Current f.o.b. S.I. flenres are &f> for f.a.q.'s £» 5/ for DaUotas: and £■> 1-V for whites, witli later deliveries a few shillings more. ' Growers are not free sellers, even at the Improved prices. The hulk of the potatoes are in the pit, and if <he weather takes up sufficiently to permit pits to be opened, it will be fin.; enoufh to permit farmers to utilise every moment with their cerenl sowiujr. The potatoes will Keep with little danger of 11 collapse in price, while wheat sqwinc cannot he put off another week without Imperillinj.' the success of the crop. Shipments srnlii ß North an' fnirly lisht. The Wanaka left a Southern port on Thursdiiy with 2I!00 sacks, including a proportion of wed, and the Ktirow is booked to leu re l.ylteltoii on Ausust S. with a cargo of The Irener.ll produce market is unusually dull. Some branches arc lifeless, and otlii.ru arc only a sli K hl decree belti-r. While uncertain weather continues, little chance need be expected. Tanners under will be able to sow Chaff is moving to a vory limited extent, from €4 10/ to £4 12/6 being quoted at country stations. Oats are lifeless Cocksfoot Is firm, with fair business doing on the basis of SJd per lb for machine dreseod. Fowl wheat is inclined to be dull. The f.o.b. price is 4/10. A good deal of rejected wheat in the fs°w h i , " d'VywiWJ Ihe market. CowjirnsH ... 1 ■ ! "" 1 rr, "" !,<1 to Hid to runners .M,.,;,,tV l, t, e " u .»* r r station e,,verin« lu"Kt .L„ ,'"r-.-'r , "* , ",' rl " v n,llrk " l I* "" l s,, - w "- -.,- ii i vary ii.cordins lo quality-, from 4/0 to 5/ to farmer* I