LATE COMMERCIAL

Press, Volume LXI, Issue 18310, 18 February 1925, Page 12

LATE COMMERCIAL

KAWARAU GOLDMINING CO. . (SPICUL TO "THE PSESS.") DUNEWN, February 17. The Agates for the Kawaiau Gold Mining Co.'s big echeme should all be to hand within the; next two months. This morning the secretary of the Company received the following cable message from Ransomes and Knpier (of Ipswioh): "Five gates, two operating gears, and three cottnter-balance boxes, are* being shipped by steamer Pott Wellington, sailing to-morrow. Remaining five gates are' being packed. Eight other operate inf gears wjll be ready in fortnight's time, and order fully completed a week lalc-

DAIRY. PRODUCE. (PRESS ASSOCIATION UtEaKAM.) WELLINGTON, February 17. Advice has been received by the Dairy Division of the Department of Agriculture that in Australia during January 436,983 boxe3 of butter and 10,317 crates of cheese were graded and that the shipments from Australia to the United Kingdom during January, were 434,303 boxes of butter and 12,7€0 crates of cheese. . The Department is also in receipt of advice which arrived per cable from the Argentine Dairy Association, reading aa folFows:—Shipments during the month of January "were 2500 tons of butter, 2 tons of cheese and 1380 tons of casein. The weather is more favourable.

METALS. {VC CABIJI—P2ESS ASSOCIATIOK—COPTSIGHT.) lAUSTKAIJAK AKD N.Z. CABLE ASSOCIATION.) (Received February 17th, 11.45 p.m.) LONDON, February 16. - Copper— Spot .£64 18s £d; forward £65 18s 9d; *■ Lead-Snot JE37 15s; forward £37. .. Spelter-Spot £36 12a 6d; forwaid £36 *>a 6d " Tin— Spot £263 l"s €d; forward £266 3s 9d. Silver-Standard 325 d; fine 34 13-16 d per oz.

SYDNEY WOOL SALES. (Received February 17th, 11.45 p.m.) SYDNEY, February 17. At the wool sales the markst was firm at the previous day's level, and while prices showed a decline of five to'ten per cent, on the earlier sales last week, an improvement in competition waa noticeable as compared with a week ago. ~.'■„. „i As a, re3ult of the decision that wool offerings shall be reduced fifty .per cent, in order to attempt to restore the confidence of, growers, the wool brokers throughout Australia have decided that on and after February 19th there shall be no further sales until Adelaide on March 6th. The .Brisbane and Perth dates will be announced later.

BRADFORD TOPS. (Received. February i7th, 9.10 p.m.) 1 LONDON, February 16. On the Bradford tops market merinos arc unchanged. There is more actual business in crossbreds, with a hardening tendency for qualities from thirty-sixes to fifties.

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! FOREIGN EXCHANGE RATES. t (BT CABLE—PBSSS ASSOCIATION— copibight.) (AUSTRALIAN AND N.Z. CABLE ASSOCIATION.) (Received Febiuary 'l7th, 9.40 p.m.) ; LONDOX, February 16. The exchange rates are:— Par. Feb. 12. Feb. 16. 1 Paris fr to £1 .« 22.225 89.30 90.75 Brussels, fr. to £1 22.2-25 ' 93.80 9U3 Oslo, kr. to £1 ;."• 18.159 31.30 31.29 Copenhagen, kr to £1 18.159 26.85 26.83 Stockholm, kr.'to £1 18.159 17.74 .17.73 Berlin Reichmarken ' to £1 .. •• Montreal, dol. to £1 4.86 '4.7BJS n 4.78 XewYork, dol. to £1 4.86 4.77|' 4.77J Rome, lire to £1 .. 22.22J 1154 Uoi Yokohama, sttoven 21.5 1911-16 19 9-16 'Hong Kong, at to do!. * 27jd 27Jd Calcutta, st. to rpe. 10 to gold £ l£d 18d Amsterdam, fl. •• 12-Kfi 11.87 "11.87J Batavia, fl. •• 12.106 11.97 11.97 * Determined by price of silver.

CHICAGO WHEAT MARKET. (Received February 17th/ 9.10 p.m.) NEW YORK, February 16. Chicago wheat quotations arc: May 184J cents per bushel; July 154J 'cents; September 142 i cents. GOLD. (Received February 17{h, 9.40 p.m.) LONDON, February 16. Gold is quoted at £i 6s lOd per ounce. % SHARES. (Received February 17th, 9.40 p.m.) LONDON, February 1". •P. and O. share 3, buyers £293, * sellers £303. WHEAT CARGOES. (Received February 17th, 9.40 p.m) LONDON, February 16. Wheat cargoes are steady, and occasionally bightr, but the demand is inactive owing to heavy shipments. • Parcels opened at sixpence to a. shilling dearer, but closed' dull at previous rates, awini to an absence of buying supptfrt.