COMMERCIAL

Evening Star, Issue 18533, 16 January 1924, Page 1

COMMERCIAL

INSURANCE COMPANY DIVIDEND. [Pee United Press Association.] AUCKLAND, January 15. The directors of the New Zeeland Insurance Company have declared an interim dividend of Tuincpenoo per share for tho half-year ended November 30. BAiTBITSKIN SALE. The Dunedin Wool-brokers’ AssociaifJon reports having held o. ralbbitskin sale yesterday, when small catalogues were offered to a Ml attendance of buyers. The bulk of tho offerings was comprised of offseason skins, Wihaioh sold on a. par with laite ruling rates. Quotations are as follow;—First winter docs ito 65d; second winter bucks and does, 37d to 42d; incoming and earfy winters to 46d; outgoing to 56]d ; autumns to 36]d ; springs, 29d to Slid; raiciks to 27jd ; summers to 25d ; amaP te 17} d ; black to 25d; hareskins (to 17d ; horsehair to 24d. WELLINGTON WOOL 'SALE. LAMBS’ WOOL JUMPS sd. [Per United Press Association.} WELLINGTON, January 15. There was a full bench of buyers nib the wool sale to-day, representing practically oil the manufacturing centres of the world. A catalogue of 32,000 bales was offered, tlho wool being drawn from Nelson, Marlborough, RangStiikei, Mimawaitu, and Wialrarnipa. Compared with the last Wellington sales, medium cross-breds advanced 2d to 2}-d por lb; finer Romneys, Ud; and lambs’ wool made what is described as a phenomenal jump, being often from 4d to 5d per lb dbovo tho rates ruling ait the hist sale—-44s to 465. There was a small advance l f or good bellies and pieces pf 2d per lb, and a similar advance for locks. Some good lambs’ wool made 23d, land 261 d wab given for ono lot of Southdown fleece wool. There was good competition, and Hie passings were small. Press Association—By Telegraph—Copyright. THE HOME MARKETS. LONDON, January 14. Wheat cargoes closed firm owing to tilie decline in the exchanges and a. good milling demand. Parcels are firm, and good business is being done at an advance of from 3d to 6d. Copper.—‘Spot, £l6O 13s 9d; forward, £6l 6s 3d. Lead.—Spot, £3O 15a; forward, £3O 10s. Spelter.—Spot, £34 6s 3d; forward, £33 15s. Tin.—Spot, £248 7s 6d; forward, £249 8s 9d. . Silver, 33 7-16 d per oz.—A. and N.Z. Cable. WOOL MARKET. LONDON, January 14. At the Bradford wool sales there was a keen market and a. good demand at full late prices. Tho quantities for tho London sales opening on January 22 aro as follow : “Bawra” 50,000 bales, privately owned 114,700 bales.—A. and N.Z. Cable. FOREIGN EXCHANGE RATES. LONDON, January 14. Tho foreign exchange rates aro as follow :

Tho exchange rate on Berlin (par 20.25 marks tn the pound) is nominally from 16 to 21 billion marks.—A. and N.Z. Cable. SYDNEY WOOL. SALES. HIGH PRICES RECORDED. SYDNEY, January 15. The wool sales were continued. The market was excited, and values ruled at the highest point of the season for all good wools. 1 ” Fresh record prices were realised for both greasy and scoured merino, tho former touching 403 d, and the latter 55Jjd. “BAWRA” SALES. Messrs Dalgoty and Co., Lid., report having received the following cable from their head office, dated London, January 15, 1923; Hull : “ Bawra ” wool sales opened ; number of buyers is large. Australian crossbred, 24,000 bales offered, and practically all sold. Bradford buyers are the principal operators. As compared with London's last sales’ dosing rates, cross-bred wools, fine quality, are higher by 10 to 15 per cent; cross-bred wools, medium and coarse quality, higher by 10’ per cent.; pieces and bellies, JO per coni, higher (mostly to the Continent); lambs’ wool higher by 15 per cent. LONDON MARKETS. The New Zealand Loan mid Mercantile Agency, Company, Limited, has received the following cablegram from its London house under date 11th inst, : New Zealand dairy produce: Butter—choicest salted, 212 s to 216 s per cwt; unsnited, 220 s per cwt. Cheese, 10-1 s to 106 s per cwt; markets firm. New Zealand frozen meat; Lamb, prices unchanged. Mutton —Wether, pripcs unchanged ; ewe, }d per lh higher.* BeefOx binds, 4d per !h ; fores, s|d per lb. Cow—Hinds, 3|d per lb; fores, sjd per lb. Market quiet.

Jan. 10. Jan. 14. Paris, fr. to £1 87.90 96.40 Bruesels, fi . to £ 1 .. 99.80 105,25 Christiania, kr to £1 ... 29.80 29.93 Copenhagen , kr to £1 .. 24.45 24.47 Stockholm, Irr to £1 .. 16.27 16.19 Rome, lire to £1 99i 961 ■ New York, dol. to £1 4.29 4.23| Montreal, dol. to £1 ... 4,40a 4.36 Yokohama, st. to yen .. 25 m Hongkong, dol. to ‘£1 .. 284 28 Calcutta, si . to rupee .. 17 174