COMMERCIAL

Press, Volume LXXIV, Issue 22358, 23 March 1938, Page 12

COMMERCIAL

DAIRY PRODUCE

LONDON MARKET PRICES

By arrangement with the Primary Products Marketing Department the following • information is supplied:— Butter —New Zealand, salted 119s to 120s this week, (118s to 119s last week), unsalted 122s to 123s (119s to 120s); Australian, salted 119s to 120s (118s to 119s), unsalted 122s (119s to 120s). Market quiet at end of week, slightly easier at the close. New Zealand retail prices Is 2d and Is 3d. Danish, 101s f.o.b, 124s spot (102s, 1245); Dutch unsalted, 117s to 118s, exceptional 120s (116s to 118s); Lithuanian unsalted, 120s (118s). Market steady. Danish retail prices Is 3d and Is 4d. The Imperial Economic Committee estimates stocks of all butters in store at 475,238 boxes (last year 685,196 boxes).

Zealand, white 70s (68s 6d to 695), coloured 70s, exceptional 70s 6d (68s 6d to 695); Australian white and coloured, 67s to 69s (67s to 67s 6d). Market firm on available short supplies. New Zealand retail price unchanged, 9d. Canadian, white 76s to 78s (75s to 775), coloured 77s to 78s (76s to 78s); English finest farmers, 96s to 98s (96s to 98s). Market steady.

FOREIGN EXCHANGES

ASSOCIATED BANKS’ DOLLAR RATES The Associated Banks (other than the Bank of New South Wales) quoted the following dollar rates yesterday on a New Zealand currency basis. They are subject to alteration without notice: — U.S.A. Canada. (Per £1 N.Z.) Dol. Dol.

DAILY MEMORANDA, Wednesday. March 23 AUCTIONS N.Z. Farmers’ Co-op. Assn., Ltd., at their Land Sale Rooms, at 2.30 p.m.—Land auction. The City Market, on Premises, 15 Craddock street. South Brighton, at 2 p.m. —Property, furniture, and effects. Drewery’s, Sydenham, at I p.m.—Weekly auction sale.

(■JUTI8H orncux wiacLxaa.) RUGBY, March 11. Paris, fr. to £1 Par. Mar. 18. Mar. 21. 124.21 160) 162 11-16 New York, dol. to £1 4.866 4.96s 4.96 Montreal, dol. to £1 Brussels, 4.866 4.981 4.98g ' belgas to £1 35 29.503 29.49 Geneva, ■ fr. to £1 25.2215 21.631 21.64) Amsterdam, fl. to £1 Milan, 12^07 8.96 8.97J . lire to £1 92.43 94) ■ 94) Berlin reichmarken to £ 1 20.43 12.37 12.37) Copenhagen, kr. to £1 18.159 22.40 22.40 Stockholm. kr. to £1 18.159 19.42 19.42 Oslo, kr. to £1 18.159 19.90 19.90 Vienna, schgs. to £1 34.585 Prague, kr. to £1 164.25 142 1-16 141 11-16 Helsingfors, * marks to £1 193.23 226) 226) Madrid, pasetas to £ 1 25.2215 . .. Lisbon, escudos to £ X 375 HO 3-16 110 3-16 Athens, drach to £1 375 5471 547) ' Bucharest, lei to £X 813.60 6771 677) Belgrade, dinars 376.3 216 216 Rio de Janeiro, pence to milreis . 4.90 2 13-16 2 13-16 Buenos Aires, pence to dol 51 Montevideo. pence to peso • 211 21) Bombay, pence to rupee 18 18) 18) Shanghai, pence to dol. 14 14) Hong Kong, pence to yen 14 15-16 14 13-16 Yokohama, pence to yen 24.58 13 15-16 13 15-16 Batavia, guilders 12.107 8.98 8.98 Warsaw, par zlotys to £ 1 43.36 — •Determined by price of silver. BANK OF NEW SOUTH WALES The Bank of New South Wales, quoted the following exchange rales yesterday:— N.Z on Buying. Selling. London— £N.Z. to £100 stg. T.T. 124 124/10/O.D. 123/10/124/8/9 Australia— £ A to £100 N.Z. T.T. 101 90/7/6 O.D 101 90/7/6 Fiji— £F. to £100 N.Z. T.T. 90/7/6 89 O.D. 90/7/6 89 New York— Dol. to £1 N.Z. T.T. 4.0114 3.9770 O.D. 4.0214 3.9810 Montreal— Dol. to £1 N.Z. T.T. 4.0333 4.0009 O.D. 4.0453 4.0049 Austria.— Schgs. to £1 N.Z. T.T. Not quoted. O.D. Not quoted. Belgium— Belgas to £1 N.Z. T.T 23.896 23.586 O.D. 23.971 23.597 CzechoslovakiaKorunas to £1 N.Z. T.T. 113.04 O.D. — 113.09 Denmark— Kroner to £1N.Z. T.T. 18.203 17.893 O.D. 18.263 17.899 Finland — Marks to £1 N.Z. T.T. 184.94 179.15 O.D. 185.35 179.25 France — Francs to £ 1 N.Z. T.T. 132.18 129.68 O.D. — 129.72 Germany— Reichmarks • to £1 N.Z. T.T. — 9.868 O.D. — 9.873 Greece — Drachmae to £1 N.Z. T.T. — 429.54 O.D. —- 429.84 Holland — Florins to £1 N.Z. T.T. 7.313 7.163 O.D. 7.353 7.167 Italy— Lire to £1 N.Z. T.T. O.D. — 75.56 75.61 Java— Florins to £1 N.Z. T.T. 7.287 7.137 O.D. 7.327 7.141 Norway— Kroner to £ 1 N.Z. T.T. 16.181 15.891 O.D. 16.241 15.897 Noumea— Francs to £ 1 N.Z. T.T. 133.43 128.43 O.D. 128.47 Papeete— Francs to <£X N.Z. T.T. 133.28 128.48 O.D. — 128.52 Sweden — Kronor to £1 N.Z. T.T. 15.800 15.505 O.D. 15.860 15.511 Switzerland— Francs to £1N.Z. T.T. 17.564 17.294 O.D. 17.669 17.299 Cheefoo— N.Z., pence to dol. T.T. —— 17 59-64 O.D. 17 29-32 Hong Kong— N.Z. pence to dol. T.T. 18 11-32 18 23-32 O.D. 18 5-16 18 23-32 India and Ceylon— N.Z. pence to rup. T.T. 22g -22 21-32 O.D. 22 11-32 22 21-32 Japan— N.Z. pence to yen T.T. — 17 7-16 Manila— O.D. — 17 7-16 N.Z. pence to peso T.T. 29 21-32 30 5-32 O.D. 29 9-16 30 5-32 Shanghai— N.Z. pence to dol. T.T. 18 3-64 O.D. — 18 3-64 Singapore— N.Z. pence to dol. T.T. 34 17-32 35 1-64 O.D. 34 7-16 35 1-64

Selling— T.T. .. 3.97 11-16 4.001 O.D. • 9 .. 3.981 4.001 Buying— T.T. , , f .. 4.01 4.031 O.D. .. 4.02 4.04J