COMMERCIAL.

Auckland Star, Volume LV, Issue 306, 26 December 1924, Page 9

COMMERCIAL.

THE BUTTER MARKET. LOWER PRICES EXPECTED. (By Telegraph.—Own Correspondent.! HAMILTON, Thursday. A quiet butter market is reported by Mr. J. B. Wright, the New Zealand Cooperative Dairy Company's manager, iv his weekly cable message. Anchor brand butter is selling at 208/, unsalted 212/; Danish, 225/ f.o.b. The market is dead quiet. Buyers, expecting lower prices, have been purchasing barely sufficient to carry over Christmas, while sellers are. scrambling to quit. Australian. 100/. The American stocks for December show 40 million pounds iv excess of December last year. Cheese, white and coloured, 00,. The market is quiet. HAMILTON STOCK SALE. The Fanners' Co-operative Auctioneering Company. Ltd., report: We held our usual weekly 'stock sale nt Frankton yards on Tuesday. December 23, where we had an average' yarding of beef and mutton, and a small number of fat and store pigs. Beet, and mutton were firm at late rates. Medium fat steers, £0 10/ to flO Hi/: prime young fat cows. £7 10/ to £S; medium, £0 10/ to £7 5/; light, £5 to d'«: unfinished. £3 19/ to £4 12/0: two-year-old Ilolstein cross heifers, £3 4/; Jerseys, £3 10/; good quality t.H-months Shorthorn heifers. £2 1.1/ to £2 15'; fat wethers. 3(5/0 to 3S/; light. 35 : fat ewes. 2S (1 tn 30/6; fat. lambs, 34, (1; small unfinished lambs, 18/3; pigs, light porkers £2 3/. slips 34/, best weaners 20/, small 13/ to 17/. THE LONDON MARKETS. FOREIGN EXCHANGES. LONDON, December 22. The following rates on foreign exchanges are current to-day, as compared with the cabled quotations on December li) and par : Dec. 22. Dec. 19. Par. New York (dol.) . 4.705 .4.70} 4.803 Montreal (dol.) .. 4.72 i 4.70}. 4..50U Paris (fr.) 87.40 R7.SO 25.225 Brussels (fr.) ... 04.55 '.14.05 25.225 Rome (lire) 100.35 105.75 25.225 Berlin (r.m.) ... 10.80 10.70 20.43 Stockholm (kr.) . 17.47 17.40 18.150 Christiania (kr.) . 31.21 31.02 15.159 Copenhagen (kr.) 21,.51 20.53 15.150 Calcutta (pence) 18} IS 1-16 24 Hongkong (pence) 28i 281 — Yokohama (pence) 11)8 19 11-16 24J THE TRICE OF GOLD. Gold is quoted at 88/5 per o/.., as compared with 88/10 on December II). BRADFORD TOPS. The Bradford tops market displays a holiday feeling. There is slightly more inquiry at lower prices. —(A. and N.Z. Cable.) THE METAL MARKET. LONDON. December 22. The fohowing prices for metals are current, quotations on December 20 being g.veu in parentheses : — Copper.—Spot. £66 11/3 (£OS 11/3) ; rthrce months., ii 67 11/3 (±-60 13/9). Lead.—Spot, £42 12/U (£-12 5/); three months, £40 2/6 (£3O 10/). Spelter.—Spot. £37 17/15 (£37 5/); three months, £37 18/0 (£36 18/fl). Till.—Spot, £265 7/0 (£259 12/6); three months, £208 12/6 (£263 2/61. Silver. — Standard, :!2}<l (32 7-16 d) ; fine. 34- 13-lSd (33d). — (A. and N.Z. Cable.) NEW ZEALAND AND RIVER PLATE. DIVIDEND OF 7 TER CENT. Cabled advice has been received by the local attorneys of the New Zealand and Itlver Plate Land Mortgage Co., Ltd., that the net profit for the year ended October 31 was £94.600. At the annual meeting to be held in London on January 13, the directors will recommend that a final riivident he declared, making i; total of 7 per ceut per annum (less income tax I n iv the £i, absorbing £49.00(1: that £10,<«i0 be carried to reserve: and that .'35.0*1 be car ried forward. The £50,000 appropriated to provision for exchange Inst year has been re-transferred to the debit side of i lie balance-sheet.