LATE COMMERCIAL

Evening Star, Issue 18053, 22 August 1922, Page 6

LATE COMMERCIAL

Press Association —By Telegraph—Copyright. LONDON, August 21. (Received August 22, at 1.55 p.m.) Wheat cargoes are dull in view of the large world crop. American prices lack Continental interest, and declined 6d to Is per quarter. Parcels are in poor roquest, and showed Is to 2s decline.^ Mr Walter <Gee, in his presidential address to the United Textile Factory Workers’ Association, said the cotton trade was in a most deplorable condition. There was little hope of a full recovery until the exchange fluctuations ceased. Operatives were worse off than before the war.—A. and N.Z. Cable. Bradford reports that wool is firm, but little business is passing. MARK RECOVERS SLIGHTLY. LONDON, August 21. Foreign Exchanges.—On Paris, 58fr; Stockholm, 16.88 kroner; Christiania, 25.72 kroner; Copenhagen, 20.70 kroner; Berlin, 4,970 marks; Rome, 987 lira; Calcutta, rupee at 15£d; Yokohama, 25J yen ; Hongkong, dollar at 31R1; Montreal, 448 i cents; New York. 448| cents. The German exchange recovered on active buying, in view of the hope that Sir John Bradbury’s and the French delegates’ discussion with Berlin will have a satisfactory result and disprove the Rcichsbank’s statement that the paper marks in circulation amount to 205,275,000,000 against a holding of 1,000,000,000 marks in gold and bullion.—A. and N.Z. Gable. BUTTER AND CHEESE. The New Zealand Loan and. Mercantile Agency Company, Lid., has received the following cablegram from its London house under date the 18th inst. ; New Zealand Butter, 206 s to 210 s per cwt. Cheese, 84s to 92s per cwt. Market firm. SALES ON 'CHANGE: THIS DAY. Auckland.—Waihi, 27s 6d ; Grand Junction, 9s 4d. Reported sale ; Bank of N.Z., £2 16s 3d.