COMMERCIAL

Evening Star, Issue 18030, 26 July 1922, Page 2

COMMERCIAL

Press Association—By Telegraph—Copyright. FOREIGN- EXCHANGE RATES.

THE WHEAT MARKET. LONDON, July 24.. Wheat cargoes aw firmer'and-’ dearer, owing to had weather threatening-the late European harvest Steamer parcels also are firm.—A. and NZ. Cable. LONDON WOOL SALE. LONDON, July 24. At the wool sale there was a poor selection, though tho competition _ was good, especially for fine merinos, which wore in sellers’ favor. All merinos sold _at full late rates. The Bradford market is quiet, with n goad tone. Quotations are being maintained.—A. and N.Z. Cable. Australian and N.Z. Press Association. WHEAT CROP IN WESTERN , AUSTRALIA. ~rEßin, July 25. The official figures of the Western Australian wheat cron show that the aiea sown for grain was 1.336.642 acres, which yielded 13.903,365 bushels—an increase of 80,967 acres and 1,655.285 bushels compared with the previous season. PORT OF LONDON CHARGES. REDUCTION FOR MEAT AND WOOL. The New Zealand .Meat Producers’ Board has received a cable from the vicechairman of the board, who is in London, that as a result of representations by the heard the Port of London Authority has agreed to further reduce all dues and charges from Ju.lv 31 by 20 points—that is, from 92', per cent, increase on pre-war to 721, per cent. r .l his applies to all storage on won!, meal, and dairy produce, and amounts to a reduction of over 10 per cent, on all current rates. The actual amount of the reduction on frozen meat is : Management rate reduced from 42s 9d per ton, to 38s 4(1 per ton; rent peg day--2?, 4d per ton to 2s Id per ton; maxim inn rent (second period of twenty-eight days), 34s 6d per ton to 30s fid per tonmaximum rent for a subsequent period of twenty-eight days, 33s per ton to 29s 6d par ten ; reduction on consolidated rate on wool, from 11s lOld per hale to 10s 71 d per bale. All port dues paid by the shipping companies to tho Port of London Authority will be reduced to tho same extent.

SALE OF RABBITSKINS. The Dunedin Wool brokers’ Association reports as follows :—Large cat alognes were submitted to a full attendance of buyers. Competition on the whole was fairly good, but with the exception of first winter does, incomings, early winters, and first winter blades (which appreciated slightly) prices in comparison with •those ruling a fortnight ago* were, barely maintained. Quotations are Super winter docs. 94d to 98d; first winter does, 85d to 84id; second winter does, 70d to 75d; prime winter bucks, 81d to 85d; first winter bucks, 77d to 81-d; second winter bucks, 661-d to 743 d; early winters, 64d to 68d : incomings, 61d to 663 d ‘winter fawn, 53d to second winter broken, 25d to 321 c!; first winter broken, 34d to 48d; late autumns, 45d to 54d: prime racks, 22d to 24(1; light racks. 16d to 173 d; outgoing winters, 42(1 to 50d ; seconds, 13fd to 16id: first winter black, R4d to 92d; second winter blacks, 65d to 76d; autumn black-. 40d to 5Cd : autumn fawn. 24d to 30-Id ; hareskins, to 46d : catskins, Is to 2s 2d: horsehair. 33ljd.

LONDON, July 25. Tho foreign exchange rates are as follow compared with tho: so last cabled : — London on Julv 20. Julv 25. Paris, fr. to £11 52.60 52.50 Christiania, hr. to fit 26.75 26,45 Copenhagen, kr to £1 20,61 20.73 Stockholm, kr to £1 ... 17.11 17.15 Berlin, marks to £1 ... 2185.00 2205.00 Rome, lire to £1 95| 95 h Montreal, do!, to £1 ... 4,49 4.50 Now York, dol. to £1 4.45,!4.57 Hongkong, dol to £1 3Ud 31W Yokohama, si. to yen 25? d 253-d Calcutta, st. to rpc. 15 11-16J 15|d -A. and N.Z. Cable.