COMMERCIAL

Evening Star, Issue 18137, 29 November 1922, Page 12

COMMERCIAL

Press Association—Bt Megroph—Copyright, FOREIGN EXCHANGE RATES. LONDON, November 27., Tho foreign, exchange rates are as follow

THE WOOL MARKET. LONDON, November 27. At tho wool rales there was a good offering of greasy merinos and] a fair selection of cross-hreds. Competition for best sorts was keen, but there was some irregularity in average sorts, especially Australian 1 faulty and scoured oross-hreds. The Tui clip realised 23dt. Tho Bradford market is firm. The tone of merinos is slightly stronger. Sixtyfours, 60d to 62d.—A. and N.Z. Cable, MONEY AND MARKETS. LONDON, November 27. Copper: Spot, £6l 16s 3d; forward, £62 13s 9d. Lead: Spot, £26 ss; forward, £25 ss. Spelter: Spot, £56 17s 6d; forward, £35. Tin: Spot, £174 16a 3d; forward, £176 16s 3d. Silver, 2s S 3-16 d per ounce. Waihl—Buy 31s 6d, tel 325. P. and 0. —Buy £320, sol £330. The Bank o! Now Zealand, on behalf of the Auckland electric tramways, offered £423,000 of 5-!f per cent, debentures of Auckland Oifcy at 97), and £592,800 5 per cent, at 94-). Both were over-subscribed in two hours.—A. and N.Z. Cable. THE WHEAT MARKET. LONDON, November 27. Wheat freights are firm. About half a dozen steamers have been fixed for South Australia during the last two days at 47s 6d. Owners ore now wanting 48s 9d. A later message states that wheat cargoes are quiet, and sellers aro reserved. Parcels are 3d to 6d lower. Austra.lrango cargo sold at 52s.—A, and N.Z. Cable. SALE OP RABBITSKINS. The Dunedin '\Voolhrokcrs’ Association reports as follows: —Small catalogues were submitted to the usual attendance of buyers. Bidding was "erratic, and a decline of from 4d to 9d was noticed in tho bettor grades of winter skins Inferior sorts were about on a par with last sale. Quotations: Prime winter does, 77d to 84d; prime winter bucks, 65d to 74|d; first winter does, 59d to 751 d; first winter bucks, 60d to 7l|d; second winter docs, 51d to 67) d; second winter bucks, 43jtl to 67d; Incoming, to 56d; outgoing, to 41d; autumn, to 37d; spring, 31)d to SOW; summer, to 21|d; milky, 2od to 26jd; prime winter black, 51d to 60)d; first winter black, 44) d to 52)d; winter fawn, 56d to 65d. Haroskins, 12d to 21-Jd. Horsehair, 23d to 26jd,

London on Nor. 23. Nov. 27,’ Paris, fr to £1 ... 62.15 64.05 Christiania, kr to £1 24.62 24.33 Copenhagen , kr to £1 22.16 22.17 Stockholm, kr to £1 16.75 16.73 Berlin, marks to £1 28,000 55,000 Eomo, lire to £1 ... 95J 93 7-18 Montreal, dol to £1 4.49 J 4.S0A New York, dol to £1 4.50J 4.50| Hongkong, dol to £1 233d 28|d Yokohama, at. to yen 25 15-16d 26d Calcutta, 6t. to rpe. 153 di 16d ! —A. and N.Z. Cable.