COMMERCIAL

Evening Star, Issue 17919, 15 March 1922, Page 3

COMMERCIAL

FOREIGN EXCHANGE RATES. Press Association—By Telegraph—Copyright. LONDON, March 13. The foreign exchange rates are as follows compared with those last cabled: London on Mar. 9. Mar. 13. Paris, fr to £ 48.75 49.10 kr to £ ... 24.00 24.95 Copenhagen, kr to £ ... 20.73 20.95 Stockholm, kr to £ ... 16.70 16.67 Berlin, mark to £ ... 1035.00 1143.00 Montreal, dol to ■£ ... 4.53 4.49 New York, dol to £ ... 4.354 4.231 Hongkong, stor to dol ... 29d 29 d Yokohama, ster to yen 26|d &W Calcutta, ster to rpe ... M<i J.o a ci LONDON SHARE MARKET. LONDON. March 13. Waihi shares: Buyers 15s, sellers 17s Waih Grand Junctions: Buyers ss, sellep.sandd"o.: Buyers £3OO, sellers £3lO. —A*., and N.Z. Cable. LONDON WOOL SALES. LONDON, March 13. M th.i wool sales there was a moderate selection, and good home and Continental competition for all sorts at ull rates New Zealand, 58s; " Otematata, 40d and 38d.—A. and N.Z. Cable. NAPIER WOOL SALE. 4t the Napier wool sale yesterday the bulk of the 11,623 bales offered was backcountry wool and seedy and log-stained, and consequently of low quality and heavy. On the whole it appeared that prices were down slightly. About 20 per cent, of the total ottering was passed. American competition was completely lacking, lots that would have been suitable tor them being ignored. It is estimated that lambs' wool fell fully Id, aue chiefly to the fact that French buyers had completed their orders previously. Following is the official range of prices: Fine Half-bred.—Super, 13d to 14d; average, lid to 12Jd-. Medium Half-bred.—Average, 10J,d to Hid ; inferior to 9td. Fine Cross-breds.—Super, B£d to 9d; average to 6£d; inferior, 4J,d to 5Jd. Medium Cross-bred.— Super to 9d ; average, 6d to 7d; inferior, 4{d to sid. Coarse Cross-bred.—Super, 6d to 6^d; average, 5d to s£di; inferior, 3|d to 4Jd. Low Cross-bred.—Super, 5d to 6d ; average, 4d to 4id; inferior, 3Ad to 4d. Iloggets.—Fine, 8d to 9d ; medium, 6Ad to 7i-d ; coarse to 4J,d; low, 4|d to 4Jd. Lambs.—Fine, 6id to 8;]d; medium, 5J,d to 6|d; seedy" and inferior, 3Jd to 4id. Bellies and Pieces.—Cross-bred: Good to super, old to sd; low to medium, 3d to 3-id. Crutchings.— Medium to good, 3d to 4J<l ; inferior and seedy, Id to 2£d. Locks.—Cross-bred, Id to 2]d. STOCK SALES. Our Clyde correspondent states that at the Otago Central stock sales yesterday sheep brought good prices, showing a substantial advance all round.