LATE COMMERCIAL

Evening Star, Issue 19779, 1 February 1928, Page 6

LATE COMMERCIAL

FOREIGN EXCHANGES

LONDON, January 31. (Received February 1, at noon.) The exchange rates on London are

CHICAGO WHEAT QUOTATIONS. NEW YORK, January 31. (Received February 1, at noon.) Chicago wheat; March, 129$ _cenls per bushel; May, 130$; July, 1275. SOUTH AUSTRALIAN LOAN. LONDON, January 31. (Received February 1, at 11.25 a.m.) The underwriters are left with 47 percent. of the South Australian Joan. RUBBER. EXPORT. Press Association—By Telegraph—Copyright. LONDON, January 31. (Received Feoruary 1, a noon.) The Colonial Office an ounces that the percentage of the standard production of rubber which may be exported at the minimum rate of duty irom Ceylon and Malaya for the quarter beginning Februar.' i will lie GO. TARANAKI OIL FIELDS. The Taranaki oil fields report is as under;—Waiapu No. 2 well is at a depth of 3,130 ft in shale; B;]in diameter casing to 3,120 ft. Gisborne No. 1 well working on casing and preparing to cement. Gisborne No. 2 well construction work is in progress.—Gisborne Association message. LONDON MARKETS, The following cabled advice has been received by the Bank ot New South Wales:—Wool market continues firm; active demand. Mutton; Wethers, 4sd, 7(d; firm. Ewes, Ifd, ssd; steady. Lambs, 9£d, 10$d; market over-sup-plied. Beef, 3sd, 4sd; fair demand. Forked, Bd. Butter, 1525, 1545; better inquiry. Cheese, 89s, 90s; more doing. LONDON WOOL SALES. LONDON, January 31. (Received February 1, at noon.) At the wool sales 8,842 bales were sold, 5,344 being Australian, and 3,250 New Zealand. There was a miscellaneous offering of merinos, principally topmaking sorts, there being a good .selection and good style. Greasy cross-breds were in poor supply. Slipes and other sorts showed a good tone and keen competition at late rates. New Zealand clips: “Pnreora. 22$d and 201 d; “Burn,” 26d and 22d; “ 23d and 20d ; “ Waihnka,’ 21-Rl and 19d; “ Wairere,” 26d -and 20d; “ Otiwhiti,” 21$d and 19$d; “Poutut,” 24d and 22d. SALES ON ’CHANGE; THIS DAY. Auckland. —Sales: Soldiers’ 5| pel cents., £lOl 2s 6d; Ohinemuri Mines, (3s lid. Reported; Hikurangi Coal (pref.), 8s; Ohinemuri Mines, 7s. Wellington.—Reported: New Zealand Guarantee Corp. (ord.) Bs, (paid) 8s l ld - 1 . , „ , Christchurch. —National Bank of Australasia (£lO paid), £l7 11s; National Bank of New Zealand, £6 19s; Dalgety and Co., £l3 15s 6d, £l3 16s; Howard Smith, 28s 6d (tivo parcels). Reported; Staples Brewery, 40s 3d.

as follow :— Jan. 20. Jan. 31. Paris, fr.inc to £\ Brussels, belgas to £i 124.01 124.00 34.0!l 34.07 Oslo, kroner to £1 18.32 18.33 Stockholm, kroner to £i ... 18.17 18.1(1 Copenhagen, kroner to ... 18.20 18.20 Berlin, reichmarken to 20.43 20.43 Rome, lire to 1)2,10 94.07 Prague, kroner to £1 104 7-1(1 1041 Montreal, dollar to £1 4.R8 3-1(1 4.87" 15-16 Sew York, dollar to ... 4.87J 4.87 3-16 Yokohama, pence to yen ... 231 23 I-16 Hongkong, pence to dollar ... 24-4 24 7-Kl Calcutta, pence to rupee ... 181 181 Batavia, guilder to £\ ••• 12.07J 12.085 Amsterdam, guilder to .£.*1 ... 12.084 12.OS!