THE LONDON MARKETS.

Auckland Star, Volume LV, Issue 224, 20 September 1924, Page 12

THE LONDON MARKETS.

FOREIGN EXCHANGES. LONDON, September IS. . Short leans, 21 per cent, sane as last week; three months' bills, 3$ per cent, same as last week. The following rates on foreign exchanges are current to-da.v, as compared with the cabled quotations on September 10 and par:— Sep. IS. Sep. 15. Par. New Tork (dol.) .. 4.46J -MoJ 4.56e Montreal (dol.) ... *.4<U 4.46* 4.866 Paris (fr.) 83.00 53.85 25.225 Brussels (fr.) SOJ S9J 25335 Koine (lire) ...... lOli 101* 25.225 Stockholm - (kr.) .. 16.78 16.74 15.15 M Chrlitlanla (kr.) .. 32.41 32.3S 35.13!> Copenhagen (kr.) .. 28.34 26.25 18.151) CalcutU (pence) .. 17 0-16 — 24 Hongkong (pence) .255 2SJ — Yokohama (pence) 2113-16 2115-16 24i The mark is quoted at IS} billions to the sterling, same as on September 13. COKSOLS AND COLONIAL, STOCKS. The following table gives quotations for console and colonial inscribed stocks, compared with those of September 11:— Variat .. Price, tion. f £ Consols, 2J per cent s~i it Britieh 3J p.c. war loan 96 l-16t I British r. p-c. war loan 102 if British Conversion, 0 i p.c. .., - 7S — New JSealand i p.c, 1029 06i if Commonwealth 5} p.c, 1922-27 101* it Commonwealth 6 p.c, 1831-41.. 104 J — tHlcher. —Not cabled last week. WHEAT, FLOUK AND PULSE. Wheat. —Cargoes are dull, in sympathy with American weakness. Prices declined Od. Two cargoes of 7000 tons (January) sold at 39/ and 38/9. Parcels are stead?. I but there is little trade. New crop U ' quoted at 57/9. Thn spot trade has been cheeked, owing to the higher prices. Australian, eX'Ship, is quoted at 61/6. Flour.—Finn. Australian, ex store, 44/. Oate.—Firm, bnt not very active. Peas and Beans. —Quietly steady. Sugar.—Unchanged. FROZEN MEAT. Messrs. Dalgety and Company, Limited, have received the following cablegram from their London office dated September 18:— Frozen Meat.—New Zealand prime crossbred lamb: Canterbury, heavy Hid, light12id; North Island, heavy. Hid, light Hid. The demand is fair but tbe market is weaker. New Zealand prime crossbred mutton. Canterbury, heavy 7»d, light, Bid; North Island, heavy 7Jd, light B|d. The demand is moderate. Any change In prices is in favour of buyers. Good average quality crossbred lamb. Australian heavy, not quoted, light l»d. The demand Is f*ir.—(A. and N.Z. Cable.)