COMMERCIAL.

Auckland Star, Volume 55, Issue 158, 5 July 1924, Page 11

COMMERCIAL.

LONDON WOOL MARKEt. i. . ilessrs. Murray, Roberts and Co Lta. ore to-day Iα receipt ot the following wool market cablegram from their London agents, dated Ist inst.:—"Sales have opened with a good tone; large attendance of buyers; competition good; average selectionContinental buyers principal buyers. Greasy Merino good; market shows no change Greasy ileriuo, other descriptions, par to 3 per cent decline. Scoured Merino, market firm. Crossbred greasy fine declined 5 per cent. Crossbred greasy medium and coars* declined 5 to "J per cent. Crossbred scoured declined 5 per cent. Slipe, fine and medium crossbred, i>ar to 5 per cent decline, slipe coarse crossbred declined 3 per cent. Messrs. Dalgety and Company, Limited, are in receipt of the following cable from their head office, London, under date 2nd Wool.—Sales opened. Number of buyers is large, competition not ." imnted, fair selection. As compared w- last sales' closing rates Jlerino combing good greasy unchanged; other descriptions, greasy Merino ljd to 2d lower, scoured Merino 2d to 3d lower. Crossbred wools: Pine quality greasy Id-lid lower, medium quality greasy crossbred ljd-2d lower, coarse greasy crossbred Id lower, slipe crossbred -d-3d lower, scoured crossbred l*d-2d lower. Tallow.—lo3o offered. 700 sold. Prices since our last wire are 2/ higher. THE LONDON MARKETS. ' §g* LONDON, July 3. SHORT LOANS AND BILLS. Short loans, 2J per cent, compared with 3 per cent last week; three months' bills, 3i per cent, compared with 3J per cent. FOREIGN EXCHANGES. The following rates on foreign exchanges are current to-day, compared with the cabled quotations on June 30, and par:— July 3. June 30. Par. New Tork (dol.) „• 4.32J 4.32J 4.866 Montreal (dol.) _ 4.37J 4.35J 4.866 Paris (fr.) 84.70 81.80 25523 Brussels (fr.) 96$ C3fr 25.225 Home (lire) IOOJ 100} 25.225 Stockholm (kr.) ... 16.32 17.27 18.159 Christiania (kr.) .. 32.30 32.19 1815!) Copenhagen (kr.) .. 27.33 27.03 18.159 Calcutta (pence) .. 17 17 24 Hongkong (pence) 2SJ 281 — Yokohama (pence) . 23J 23J 24} The mark is quoted at 18 billions to the sterling, compared with ISJ billions on June 30. BRITISH AND NEW ZEALAND STOCKS. The following table gives quotations for Consols and New Zealand inscribed stocks, compared with those of J une 26: — ~ Varia- "" Price, tion. £ £ British 3 J p.c. war loan ...._* 07 Same British 5 p.e. war loan 101 £• British Conversion, 3j p.c. .... 77J £• New Zealand 4 p.c, 1929 93 J i* New Zealand 3 J p.c, 1940 .... SSi J* New Zealand 3 p.c, 1945 76| i* New Zealand 6 p.c, 1936-51 .. 10S 3*t • Lower, tEx dlv. ■ j> THE METAL MABKETS. (Quotations on July 1 in parentheses.) Copper.—Spot. £60 IS/9 (£6l 16/3) ; three months, £61 IS/9 (£62 16/3). Lead.—Spot, £32 7/6 (£33 2/6); three months, £20 17/6 (£3O 7/6). Spelter.—Spot, £31 17/6 (£32 3/9) ; three months, £31 12/6 (£3l 15/). Tin.—Spot, £225 12/6 (£227 7/6) ; three months, £226 5/ (£226 12/6). Silver.—34 7-16 d per oz. (34Jd). Messrs. Dalgety and Company, Limited, have received the following cablegram from their head office, London, dated July 3: — Frozen Meat.—New Zealand prime crossbred lamb: Canterbury, heavy, !>3<i; light lid; North Island, heavy 9Jd, light IOJd. Demand for New Zealand lamb runs principally on finest qualities. Market steady. New Zealand prime crossbred mutton; Canterbury, heavy 6Jd, light 7d; North Island, heavy 61d, light 7d. Demand for New Zea- • land mutton limited. Market dull. Prime ! beef not quoted. Wool.—The following is the range of pricee realised at the London sales:—Halfbred, sOs to 56's, good to super 26d, low to . medium 22Jd to 24 jd; fine crossbred, 48's to : 50's, good to super 22d to 235 d, low to ; medium 19d to 21d: 46' ato 48's, good to ' enper 20d to 22d, low to medium, 17Jd to Ifld : crossbred, 44's to 46's, good to super ' 18Jd to 20d,10w to medium 17d to 18d ; 40's . to 44'8j good to enper 18d to 19} d, low to I medinm, I6Jd to 17Jd; coarse crossbred, 36"s i to 40's, good to enper 17Jd to 18} d, low to 1 medium, 16d to 17d—(A. and N.Z. Cable.) i Messrs. Dalgety and Co., Limited., are in ■ receipt of the following cable from their I head office, London, under date 2nd inst.:—• Butter. —Since our last wire prices are !2/ higher. ' 1 MELBOURNE HIDE SALES. 5 ■ MELBOURNE, July 4. ; Hides are firm. Medium weights and i heavy with no substance advanced a , farthing. Other sorts are unchanged.—(A. and N.Z. Cable.)