COMMERCIAL

Evening Star, Issue 18812, 10 December 1924, Page 9

COMMERCIAL

FOREIGN EXCHANGE RATES. Press Association —By Telegraph—Copyright. LONDON, December 8. The exchange rates are as follow : Par. Dec. 8. Paris, fr. to £1 22.225 87.00 Brussels, fr. to £1 ... 22.225 05.00 Christiania, kr. to £1 18.159 51.25 Berlin, reichsmarks to £1 20.15 19.75 Copenhagen, kr. to £1 15.150 26.49 Stockholm, kr. to £1 ... 18.159 1.7.46 Montreal, dol. to £1 ... 4.86 4.70^ Now York, dol. to £1 4.86 470 Pome, lire to £1 ... 22.221 103,1 Hongkong, st. to dol. ... * 28] Yokohama, st. to yen 21.5 17 9-16 Calcutta, st. to rpo. 10 to gold £1 18 * Determined by price of silver. -A. and N.Z. Cable. (The following were the quotations on December 4 :—Paris, 84.09; Brussels, 93.75; Christiania, 31.25; Berlin, 19.62; Copenhagen, 26.50; .Stockholm, 17.oo; Montreal, 4.68 g; New York, Romo, 108,,; Hongkong, 28|; Yokohama, 1713-16; Calcutta, 18.] METAL MARKET. LONDON, December 8. Copper : Spot, £63 16s 3d; forward, £64 16s 3d. Lead; Spot, £39 ss; forward, £57 2s 68Spelter ; Spot .and forward, £;,-5 3s 94. Tin; Spot, £255 15s; forward, £2o:j 17s 6d. Silver; Standard, 531 cl; fine, 35]d per oz. Fine gold, £4 8s 8d per oz.—A. and N.Z, Cable. SHAPES. LONDON, December 8. Mount Lyell : Buyers, 24,s 9d ; sellers, 25s 3d. IVuilil ; Buyers, 25s 3d ; sellers, 2.75. WOOL MARKET. LONDON, December 8. At the wool sales 9,698 hales "a re offered. A moderate selection of evoss--bred sold readily and prices were steady M'orinns ■were in dciiiiiuul, uul Uic nuiit.ui, IS quieter, and prices were rather easier. Medium seoumls were frequently bought in. and slipes sold irregularly. The Bradford tops market is quiet, and spinners are not operating at present, quotations, but prices are well maintained.— Pieuter. THE WHEAT .MARKET. LONDON. December 8. VC ho at cargoes firmed 6d to Is on strong Argentine reports. Parcels were m good demand at an advance of 6(1 to Is. I.iwupool futures—December (sellers). 12s r ; a per ewf ; March. 12s 10d; May, 12s 9 : ;d.--A. and N.Z. Cable. NEW YORK, December B. Chicago wheat : December, lodg cents per bushel; Mav, 16-1] ; July, 145. A. and. N.Z. Cable. NEW YORK MONEY MARKET. NEW YORK, December 8. The German. Dutch, Swiss, and Norwegian exchanges have advanced, libs movement reflects the satisfactory results of the German elections with the gains of the moderates assuring the uninterrupted operation of the Dawes plan.—A. and N.Z. Cable. SALE OF SHEEPSKINS, The Dunedin Stock Agents and Woolbrokers’ Association reports as follows : The usual fortnightly sheepskin sale was held to-day, when largo catalogues wore offered to a full attendance of 'buyers. Competition throughout was keen, ami all the catalogues were cleared at prices firm on last sale's rates. Quotations are as follow ; Merino ; Three-quarter to full-wool, to 24R!: half-wool, 20d to 2,3 id ; quarterwool, 15.>d to 19d. Half-bred : Threequarter to full-wool, 24.R1 to 253 d; halfwool, 20Id to 23L1; quarter-wool, 16d In 18d. Fine cross-bred : Three-quarter to full-wool, 223-d to 24d ; half-wool, 19d to 22d ; quarter-wool, l£]rl to IBd. Crossbred ; Three-quarter to full-wool, 19,]d to 2234 ; half-wool, 17d to 19d ; quarter-wool, 15d to 16]d. Best pelts, to 17-jd; other pelts, to 12-tjd. Merino dead, to 23d : half-bred dead, 18L1 to 23d ; cross-bred dead, 16R1 to 18g<l : hogget dead, 18J,d to 21-Id ; lambskins, 17-Jd to IGArI; half and fine cross-bred hogget, to 23L1. LONDON MARKETS. Messrs Dalgcty and Co., Ltd., have received the following cable from head office, London, dated 6th inst. : —New Zealand cross-bred, Canterbury, heavy, not quoted; light, not quoted; North Island, heavy, I2id, tight 13d. Lamb: Demand fair. Prime cross-bred mutton, Canterbury, heavy not quoted, light not quoted; North Island, heavy Bd, light BJd. Mutton: Demand moderate. Prime ox beef, hinds 5 3-Bd, fores 4 3-Bd. Beef: Demand active. Lama.; Market prices firm. "Mutton: Market prices firm. Beef; Market prices weak. Australian good average quality cross-bred lamb, heavy, not quoted; light, 15d. Mutton, heavy, not cpiotcd; light, not quoted. Lamb: Demand good. Butter market weak, and we lower prices. New Zealand salted, 2025; New Zealand exceptional, 208 s; Danish, 2345; finest Australian salted, 1925; finest Australian unsaltcd, 1965. Cheese, market steady. Now Zealand, white color, 925. Messrs A. S. Paterson and Co., Ltd., have received the following cable from their principals (Messrs J. and J. Lonsdale and Co., Ltd.), London, dated Bth inst.:—“Butter quiet; 2045. Cheese steady; 92s*”