LATE COMMERCIAL

Evening Star, Issue 19772, 24 January 1928, Page 8

LATE COMMERCIAL

FOREIGN EXCHANGES

Press Association—By Telegraph—Copyright.

LONDON, January 23. (Received January 24, nt noon.) Tho exchange rates on London are as follows:—■

SYDNEY WOOL SALES. Press Association—By Telegraph—Copyright. SYDNEY, January 23. (Received January 24. at 1.30 a.m.) At the wool sales a spirited market ruled, with prices equal to the best of last week’s rates for all descriptions. Good clearances were effected, and greasy merino sold to 38d. CHICAGO WHEAT QUOTATIONS. NEW YORK, January 22. (Received January 24, at 10.30 a .in.) Chicago wheat; March, 130 5-8 cents per bushel; May,, 1311; July, 127 3-8. mloi.RmcaJ fff.c’TDNb mfanhr anmt LONDON WOOL SALES. LONDON, January 23. (Received January 24, at 12.45 p.m.) At the wool sales 9,G94 bales were sold, of which 0,025 were Australian and 3,208 New Zealand. There was an average selection of merinos, and an excellent offering of greasy crossbreds, but a limited supply of other sorts. There was good general com-

petition, and prices were fully maintained. New Zealands: “ Putiti,” 24d and 21-)d: “ Mee,” 26d and 23d: “O/AHW,;’ 22d and 21d.~A. and N.Z. and ‘ Sun ’ Cable. BRADFORD MARKET. LONDON, January 2.3. (Received January 24, at 12.45 p.m.) Bradford prices are Tory firm all round, but business is distinctly quieter. —A. and N.Z. and ‘ Sun ’ Cable. GRAIN AND PRODUCE. Messrs Donald, Reid, and Co., Ltd., report as under Wheat.—Present weather conditions have improved tho growing crops, and the harvest will now be much better than was anticipated earlier in the season. There is little of last season’s left in farmers’ hands, and any small lines offering are being sold for fowl wheat at prices ranging to Cs Gd per bushel, on truck (sacks extra). Oats.—Very little business passing. Merchants have reduced their holdings considerably, and are not inclined to part with the remainder, even at the increased values offering. Fanners are holding little or nothing. Nominal value of A grade is 2s lOd, B grade 2s 7d (sacks extra), on truck, country stations. Chaff.—There are very few consignments reaching this market, but then again the demand is never great, and only prime quality meets with ready sale. This grade is worth £5 5s (sacks extra), cx truck, Dunedin. SALES ON ’CHANGE: THIS DAY. Christchurch.—British Tobacco, 39s Od (2 parcels), 40s; Mount Lyell, 295. Sales reported : National Bank of Now Zealand, £G IGs Gd. Auckland. —Reported: New Zealand Breweries, 22s 8d; Huddart, Parker, 50s; Bank of New Zealand, 59s 3d; National Bank of Australia, £l7 4s 3d.

Jan. Jan. 23. Paris, franc to £.\ 124.00 124.00 Brussels helgas to £ i ;w.;i8 34.08 Oslo, kroner to £1 1S.30 18.31 Stockholm, kroner to £.\ ... Jfl.lft 18.16 Copenhagen, kroner lo £] ... J8.20 18.20 Berlin, reichmarkm to £\ ... 20.4(1 20.41 Koine, lire to £\ 02.1,1 82J Prague, kroner to £A K14 r-i« 174 7-16 Montreal, dollar to £1 4.88 .1-16 New York, dollar to £\ ... 4.87 11-16 4.87} Yokohama, pence to yen ... ■23 k 23 Hongkong, pence to dollar ... 241 244 Calcutta, pence to rupee ... 18} 18} Batavia, guilder to £1 12.084 .12.07 Amsterdam, guilder lo £\ ... .12.081 J2.07J