COMMERCIAL

Auckland Star, Volume 55, Issue 22, 26 January 1924, Page 12

COMMERCIAL

THE LONDON MARKETS. ! I LONDON, Januarr 21. ' FOREIGN EXCUAXGES. " cabled quotations ou January w l,l, ■ par:— * ■" =">(! Jan. 24. J an . 21. p.. New York (dol.) . 4.22} 413 /» ■ Montreal (dol.) . . 4.3 3 f 4.32! lgj« 1 Paris (fr.) 00.80 OiGS* 4*s i Brussels (fr.) .. 3 04.25 103.20 , Rome (lire) .... 97J !1 7 J jfejS Stockholm (kr.) . 10.32 16 23 7a"Vii ' Christiania (kr.) . 30.07 30.13 isJS ■ Copenhagen (kr.) 20.03 25 07 \t\-l > Calcutta Id.) .. 17$ 173-16 ■>♦ ■ , Hongkong (d.) . . 28 28J _ ' Yokohama (<l.) .. 25 7-1G 26 241 Exchange on Berlin is quoted at" 1« t» ■ 20 billion marks to the sterling, as aetw ■ Iβ to 21 billions on January 2L 8t 1 CONSOLS AND COLONIAL STOCKS 1 The following table gives quotations m . F consols and colonial inscribed stocks, com • pared with those of January 17; > Price. Varii. tion. 1 £ £ Consols, 2£ p.c .■ osj- 1, • British 3i p.c. war loan 96$ g^J,, . British '■ p.c war loan •)!>} i> f British Conversion 3J p.c. ... 75} L. I New Zealand 4 p.c, 1029 .... 044 lt 1 New Zealand 3J p.c. 1940 ... Sji !i - New Zealand 3 p.c, 1045 74 Same ; New Zealand 6 p.c. 1936-51 .. 106J j* , Commonwealth 5J p.c, 1922-27 100$ if ' Commonwealth t! p.c. 1031-41 105} \\ fHigher *Lower. —Not quoted last week. ! CEREALS. PtrLSE, SUGAR, ETC. ' Wheat. —Cargoes arc firm, but Manffofcu are sparingly offered. La Platas are steady ' and quiet, and occasionally higher. Parcels 1 are in fair request at threepence advance. . Cargoes. Australian, for January, are , quoted at 47/, February at 46/9, anil ' March and April nt 46/9. The spot trad* 1 is quiet. Australian is quoted at 48/0 to I 49/0. Flour. —Firm. Australian ex store, 34/ ■ to 34/0. 1 Oats. —Quiet. A Cartons, ex store, 33/ i to 36/. > Peas. —Maples, quiet and steady. Kcir Zealand. 70/ to SO/, ex store: Tasmanian ' 83/ to 90/. Blue, quiet. New Zealand - 340/ to 380/ : Tasmanian. 400/ to 440/. , Beans. —Firm. New Zealand, 50/ to 52/, I Sugar.—Uuchaneed. METALS. , Copper.—On spot, £62 11/3; fonraii I £63 9/9. * Lead.— £32 5/ and £32. Spelter. £35 2/6 and £34 16/3. 1 Tin.— £231 17/6 and £252 IS/9. '■'■ \ Silver. —L'/a 13-10 per oz. standard ! —(A. aud N.Z. Cable.) CANTERBURY PRODUCE '■ MARKET. (By Telegraph.—Press Association.) i CHKISTCHUKCH. Friday. There is n particularly brisk demand for all lines of seed, but high prices are being asked by growers. Ryegrass, perennial. 1 Italian and Western Wolths are reaching - a high Irvel and sales at up to 7/ liavc l I been made at country stations. Cocksfoot has been sold at up to 1/2 per lb, and for ! standard seed up to 10JO has been paid. - Samples of the new season's white clover - have been 08% red : they are exceptionally ' clean and bright. The market for white ' has taken 11 decided firming, and up to 1 '6 per Hi has b«en paid tor goml stuff. As an offset to quality and price, however, llii - * violds will tip low —prohiib'v t*o inorf? than half of last y«irV. The carry over i from last year has been heavy, and probably this will regulate rhe orii-e to some ! extent. Now I hat seed has reaidiiid.a. Ruon price some infr-sl is Ih-'.ujs shown in eowgrass. but values :ire unchanged. Wheat is now roriliiK forward fropjy, aad is being promptly Hceo.pied. Samples [generally are tir-i <-':iss. fowl wheat is I Oats have firmed up during the week. '• B " grade. Gartons, have liwu sulil at 47 1 per bushel, f.0.1... s.i.. equal to S/G at r'■ k'.zlfr. AlifiTians lire in very Wll " demand and -4 has been p.iid at country ' i stations. Hequln-ments fur sowing for - i green feed are heavier Ibis year than usual .'on iiccount'of rht> itsci-rtain positiou of I root crops. <'b;iff ylro is in very keen detuanrl. ait 1 sales have been made at £S f.0.b.. S.t, fut . prompt delivery. . j Quotations for potatoes nr:- f4 10/ .i 1 ! ton on irui-ks. with v<tv liltle .iffer'.n.!:. 1 ! Opinions a-.- varied about the crops necortif hng to locality from v.hlcii opinions arc expressed. However, boiled down, tilbelief is that the yields will be on tile liglit i ' side. Early sown crops have been affected ,! by the dry spell. :tn<i second growths are i not infrequent. On the other hand, later ■ sown crops require only ordinary weather • to bring them on. Onion crops are sliehtly better than they promise! some weeks ago, there beln? • some nice fields in .he Marshland district. Prompt delivery is ouoi-,) al £5 per tOB, J February <C 4 10. and March £4. FAT STOCK FOR EXPORT. (By Telegraph.—Press Association.) WELLINGTON. Friday. The New Zealand Meat Producers' Board advises"that the following prices were beinrf offered for tax stock for export on Janu-\m-kiand Wetlier-. r.4lb .md uniier, 5Jd per lb: prime woolly l.mhs. 42!b and under. S'd- 131b and over, f>d: second qualirf '"rovVAf-Bay.-Wethcrs. 641b and under. 6d: ewes. 041b and under. 4id : prime woolly lambs. 4-Jlb and under. Sid: 4311) and our, Sd: second quality lambs, 7}d: prime ox beef. 20/ per 1001b. . Hawke-s Bay.—Wethers. 641b and under. «M: ewes. 0411, and under. 41d: prime woolly lambs, 421h and under, »id';,seco™ quality lumbs, SJtl; prime ux beet, 20/ per 04.b and under >id • ewes c.411) and iinflor. 4id: prime woolly lambs,'42lb and under. 9Jd ; 431b and over.SUl: second quality lambs. SJd; prime ox beef' 20/ per lnoib. , ... Wellington. Wethers IVllh nnd under. <J}d: ewes? 04!b and under. 43d: prime I woolly lambs. 421b nnd under. 0}i I: «lb »"* over. "SJd; second qualify lumbs, Sid: prime ox beef, 20/ per lUOIb: pigs, porkers anu a «^ant r prburv —Wethers. C4lb nnd under. OJd: ewes. G4lt> and under, 4Jd; prime woolly lambs. 121b and under, Ojd ; secoiul dunlitv lambs, l>id- , ... Southlsnd.—Wctbers, <-,4!b and under, r.1,1 :ewes. f,4lb and under. 4Jd; prime woolly lambs, 421b and under. Old ; 4ulb ana over. I'd ; second quality lambs, SJd. HAMILTON STOCK SALES. I The Farmers' Co-up. u^t,onc J rin %^ < ;-; Ltd.. re P ori:-We held our fortnigbtir 1.=t0.-k in the ClaiidelaiNJs yards on : Thursday, where we had n pood entry «<■ ■.steer nnd cow beef ami inuttos. also a tair entry of store cattle. Only a small mini Dcc lof pigs were penned, which prevented otitiside buyers who were present from operating, thus prices were sliehtly easier. The whole yardiUK of beef clianped Hands: «joo<l prices 'were obtained, while pnictkally »« the mutton cleared at late market rates. Medium fat steers. £7 IV to £S: well done (small,. £6 10/ to £7 7/: heavy fat jnws ane heifers. £7> 10/ to ffi Si/: meili'.im. £4 13/ t» ■£-, 5/: lighter. . a 10/ to £4 :y: t o !f2T C cuirs" S ir./"t<. , £l" i.->-mo'nth Shorthorn heifers. I!<V to 30/: some need steers *V r» £2 5/: bulls (potters). £1 to £S: pood conditioned Si-year steers. £5 S/: 2i-y ear ;.^. a s'; prime fat wethers, il/; medium. 25/6: fot 2-to,,th ewes. 20/: ntlier fnt ewes. 21/ » 22/10: piss, hncnuers. £.'! 12/ ii: good porkers, ■£» 9/ tn £2 10/: small. 30/ to CZ If, sHP». £1 to 23/; weaners, 13/ to 10/. ! MELBOURNE HIDE MARKET j I MEI.BOIUXE, January 2.". ! The hides market is very firm. Previous I values were fully m.iii.'.-nnej at the sales to-duy, and substance hides advanced an eishth of a penny.—tA. and N.Z. Cable.)