COMMERCIAL.

Auckland Star, Volume 55, Issue 94, 21 April 1924, Page 8

COMMERCIAL.

THE LONDON MARKETS. LONDON. April IT. RATES OF DISCOUNT. Short loans. 2_ per cent, same as la-st .week; three months' bills. 3 per cent, compared with 3_ per cent last week. FOREIGN EXCHANGES. The following rates on foreign exchanges are current to-day, as compared with the cabled quotations on April 14 aud par:— April 17. April 14. Par. ' New York (dol.). f.33 U3J 4.80. Montreal (d 01.).. -*•++_ 4.42{ ..»',€- Paris (fr.l 60-85 'L*. .23.225 Brussels (fr.)... SI j S3; 25.223 Rome (lire) 88. !, 'i 25.223 Stockholm (kr.) . IG.3S 1..43 18.139 Christianla (kr.). 31.55 31.5.. 18.13!. Copenhagen (kr.) 26.27 2G.8. 15.130 Calcutta (d.) ... 16 13-16 16 13.10 24 Hongkong (d.) .. 255 281 — Yokohama (d.) ..224 23 I-1C 241 The mark Is quoted at in billions to th. sterling, same as on April 14.—(A. and N.Z.) CONSOLS AND NEW ZEALAND STOCKS. The following table gives quotations for Consols and New Zealand Inscribed-stocks, compared with those of April 10: — Varia. Price, tion. Consols. 21 per cent r,fi. i* British 3J 'p.c. War Loan .. HHJ > }t British 5 p.c. War Loan .. 1021 Same British Conversion 3* p.c..." iii — New Zealand. 4 p.c. 10211 .. to. |v New Zealand. 31 p.c, 1040 .. 545 Same New Zealand, 3 p.c, 1945 .. 765 ;t New Zealand. 6 p.c, 1536-..1 loOj >,t tHigber. * Lower. —Not quoted last week. WHEAT. FLOUR. AND PULSE. Wheat.—Cargoes are firm in sympathy with American and Canadian advices. Sellers are holding for 3d advance. Parcels are, firm and aeti.e. The spot trade is quiet in all departments. Australian is quoted at -48/ ex store. Flour.—-Quiet. Anstralian. 333 ex store. Oats and Beans.—Steadily held. • Poas.—Slow. Sugar.—Granulated, £3 1/6. HEMP, COPRA, RUBBER. ETC. (Last week's prices in parentheses.) LONDON. April IS. . Rubber.—Para. Hid (ll.d); plantation and smoked. 12»d <12_d to 12_d>. - .lute.—April-May shipments, £27 (£2. 10/.) Hemp.—March-Slay shipments. _:'.. i£:__ 10/.) Conra.—April-May shipments. _2i> 3/ (£26). Linseed Oil.—,.rr to/ -*SS -V >. Turpentine.—£3 16 i£3 17/90 —i A. and N.Z.) FROZEN MEAT; Sbeop.—Canterbury, iisht 7yd: modtiim, Td: heavy. _6. North Island, light <".ri; medium. 6_d; heavy. o}d. Now' Zealand ewes, Sid. Argentine, heavy. 4_d : e~<-.. 4*d. Lambs.—Canterbury, light. 10d: medium, 9}d: seconds. J-Jd: others, selected awl light, Slid: medium 9_rt: North Island, firsts. Old: seconds. Od. Anstralian. fir-t . (Victorian). Od: seconds iVictoriani. .-..j; other States. _sd: thirds. S_rl. Frozen Beef.—Argentine, fores. "Id: binds, s|d. Uruguay, fores. 3_d: hind... s_d. Chilled Beof.—Argentine, fores. 4(1: bin.s. Cjd. Uruguay, hinds, 6Jd. BRADFORD WOOL MARKET. At Bradford, tops are fi.-m and unchanged, but business Is small. BUTTER AND CHEESE. Butter is in bettor demand owing to Easter requirements, but the market closed very quiet. New Zealand, choicest, is quoted at 132/ to .134 : unsaltod. 134-' to 158/: Australian. 13S/ to 342/: uusaltcd 144/ to -1-18/. Danish i-_ slow at !(_. to Cheese is quiet and steady. Now Zealand 84/. Australian, 76/ to 7S/.—.A. and N.Z.) A. H. Turnbull and Co. are in receipt o£ a cable from Messrs. W. Weddel and Co Ltd., dated London. April 16. regarding the dairy produce market, as follows:— Danish Butter.—l6o. to 170 . New Zealand First-grade Uhsalted Butter.—ls4/ to 158/; salted, 152/ to 154/. Market quiet. New Zealand Flrst-sroie Cheese.—White and coloured,, S2/ to S4/. Market quiet. FAT STOCK EXPORT PRICES. WELLINGTON. Saturday. The New Zealand Meat Producers - Board advises that the following prices for fatstock for export were being offered on April Auckland.—Wethers. G4lb and under, 6d; ewes. <>41b and' Under. 43d ; .prime woolly lambs, 421b and under. Od; i.'Slb and over. B,d : second quality lambs. Sid. Poverty' Bay.—Wethers. «ilb and under, fid: ewes. 641b and under. 4Jd: prime woolly lambs. 421b and under. S^d. Hawke's Bay.—Wetuers. 611b and under, 6ld: ewes, 641b and u'r iicr. 3d: prime wooUy lambs. 421b and _nder. OJd: second quality lambs, Sid; prime ox beef. 22/ per 1001b. Wellington.—Wethers. 641b and under. 61d: ewes. 641b and under. 3_d: prime woolly lambs. 421b and under. OJd : 431b and over, Did: second quality lambs. _ ,d ; prime ox beef. 22/6 per 1001b. Canterbury.—Wethers, 641b and under. 7d: ewes, 641b and under, old: prime, woolly lambs. 421b and under, fold: .".'I. and over, 9Jd; second quality lambs. '...Id. LONDON STOCK EXCHANGE. LONDON, April 16. Waihi shares were quoted to-day on the Stock Kxchange at 30/9 buyers. 31/0 sellers. P. and O. (deferred stock) had buyers at £.90 and sellers at £300.— (A. and N.Z.) FROZEN MEAT .SHIPMENTS. In the March quarter the shipments nt frozen meat for Now Zealand totnlle'i 90.542 quarters beef. 5T7.617 c-irca.c--niutton, and 2,-63,345. carcases lamb. HAMILTON. The Now Zealand Loan and Mercantile Agency Co.. Ltd.. Hamilton, report:—At the Hamilton silo on Tuesday we had an average entry of cattle, sheep and pigs. We quote:—Fat _\vrs, £1 3/1 to £1 6 fi: forward ewes. 18/8 to £1 I,': small s:ore lambs. 0/2 to 10/0; light fat steers. £7 ."••' to £7 11/: fat cows. £5 11/ to £6 5. ; light cows. £4 7/6 to £4 15': forward cows. £3 10/ to £4 2/6 : fresh cows. £1 17, to £2 H> : IS-montba heifers, r.w.b.. £2 to £2 10 : two-year-old heifers. £3 13' to £4 5 . Pips. —Baconers. £.". 11/ to £4 «f. : heaw porkers. £2 15/ to £3 6/: light porkers. £2 to £2 12 : store porkers, £1 5/ to £1 13/: slips. 14----to 18/: weaners, XI to 12/6; sows close to farrowing, £3 to £3 10/; others, £1 15/ to £2 13/..