COMMERCIAL

Auckland Star, Volume LV, Issue 170, 19 July 1924, Page 9

COMMERCIAL

THE LONDON MARKETS. | BANK OF ENGLAND KETCRXS. j LONDON, July IT. ; SHORT LOANS AND BILLS. Short loans, 2$ per cent, same as last i week; three months' bills, 3 j per cent, com- - pared with 3J per cent last week. * FOKEIGN EXCHANGES. ] The following rates on foreign exchanges ( are current to-day, compared with the cabled quotations on July 14 and par : — < July 17. July 14. Par. ( New Tork (dol.) .. 4.30 J 4.38 4.506 -| Montreal (dol.) .. 4.40J 4.40J 4.866 Paris (£r.) 85.33 54.15 23.225 Brussels (£r.) 08 i>33 25.225 Komo (lire) 101J 101 J 23.225 Stockholm (kr.) .. 15.43 io.4fs i 5.150 Christiania (kr.) .. 32.33 32.57 15.159 Copenhagen (kr.).. 26.93 27.20" 15.1G9 Calcutta (pence) .. 17J 17i 24 i Hongkong (pence) 253 2SJ — Yokohama (pence) 2211-16 22{ 244 The mark is quoted at 18i billions to the ' sterling, compared with ISi on July 14. CONSOLS AND NEW ZEALAND STOCKS. I The following table gives quotations for consols and New Zealand inscribed stocks, compared with those of July 10: — Yariarriee. tion. £ £ Consols, 21 per cent 57 it British 3J p.c. war loan 97 jt British 5 p.c. war loan 1011 if British Conversion, 31 p.e 77 Jt New Zealand 4 p.c., 192!) 032 If New Zealand 3J p.c. 1040 SBJ Jt New Zealand 3 p.c, 1045 70 y New Zealand 6 p.c, 103C-51 .. 10S5 it t Higher. * Lower. WHEAT, FLOUR, PULSE, ETC. Wheat Cargoes.—There has been a fresh impetus from strong Winnipeg advices. There is a good trade at 1/ to 1/0 advance. Parcels are less active, but cii;ot:itions arc 1/ to 1/6 higher. Cargoes ex Peru sold at 35/, ex Port Denison SO/, and ex Euripides at 53/3. A parcel ox the Ulysses sold at r.4/. and ex Medic at 34/. Parcels sold at Liverpool ex Ulysses at 54,'. and ex Medic 52./ G. Spot trade is active aud firmer. Australian ex store sold at 34/0. Flour. —Very firm. Australian, ex store, sold at 37/6. The Flourmillers' Association has raised the price of standard grade flour by 1/ to 44/6. Oats. —Firm. A grade Gartons, 32/ to 33/: B grade, 2S/ to 29/0. Blue Peas.—Dull. Tasmanian. :<SO' to 420/: New Zealand. 340/ to 300/: maples, rather better inquiry; Tasmanian, 73/ to 8/ : New Zealand, 65/ to 60/. Beans. —Steady. New Zealand, 49/ to 51/. Sugar.—Granulated, 3S/10J. BUTTER AND CHEESE. Messrs. Dalgety and Company. Limited, have received the following cablegram from London, dated July 17 :— Butter.—The market is quiet. We quote: New Zealand butter, salted i.SB/. exceptional brands 102/: Danish. 204/; Australian, salted 184/, unsalteil 104/. Cheese.—The market is quiet. White 02/, coloured SS/. Canadian, c.i.f.. 80/. THK METAL MARKET. (Quotations on July 14 in parentheses.) Copper.—Spot. £60 13/0 (£OO 18/9) ; three months, £G1 13/0 (£CI 18/0). Lead.—Spot. £32 17 / C (£32 17/ C) ; three months, £30 10/ (£3O 5/}. Spelter.—Spot, £31 17/6 (£32 3/0) ; throe months, £31 13/ (£3l 16/3). Tin.—Snot. £220 12/6 (£220 12/0) : throe months. £231 (£228 12/0). Silver. 37 5-16 d (34jd) per oz.—(A. and N.Z. Cable).