COMMERCIAL.

Hawera Star, Volume XLVIII, 24 July 1924, Page 7

COMMERCIAL.

LONDON METAL MARKET. BY CABLE—PRESS ASSOCIATION—COPYRIGHT LONDON, July 21. Copper—Forward, £62 6s 3d; on spot, £63 3s Dd. Lead—£32 10s and £3O 15s. Spelter—£32 2s 6d and £32. Tin—£24l 7s fid and £242 2s fid. Silver 2s Ojid per ounee standard. FOREIGN EXCHANGES. LONDON. July 21. The following rates on foreign exchanges are current to-day. as compared with par : "(franc) 94£ (par 25.225); Paris (franc) 84.90 (25.225); Christiania (kroner) 32.71 (18.159) ; Stockholm (kroner) 16.47 (18.159) Copenhagen (kroner) ?7 23 (18.159); Rome Hire) 101 {j (25.225); Calcutta. 1/5 5-16 (2/-); Yokohama 1/KH (2/0)) ; Hongkong 2/4? (2/-); New York (dollar) 4.385 (4.866); Montreal (dollar) 4.41 (4.866). The mark is quoted from Berlin at 18.) billions to the sterling, compared'with 18) billions on July 17. CANTERBURY MARKETS. CHRISTCHURCH, July 22. The most notable event of tiie past few days has been the sudden jumping- in oat values. On Friday morning f.o.b. sales in sacks were made at 5s Id and within 24 hours another 5d a bushel was ruling. To-day the Quotations are 5s 7d. The rise is entirely of a paper character, oversellers having to cover, and the Canadian market has improved in the meantime.

Chaff is also a little firmer than last week, due, no doubt, to the burst of the winter. Dunedin is also coming on the market. There is nothing new in the potato position. Quotations to farmers locally of £4 a ton are bringing feAv offers. F.o.b. sacks in values are £5. All classes of seeds are practically lifeless. AUCKLAND SHARE MARKET-. AUCKLAND, July 22. Stock Exchange sales: Devonport debentures, £lOl 10s; Bank of New 7 South Wales, £4l ss; Union Bank, £ls ss; Farmers’ Auctioneering (B. pref.), IGs 6d; Wilson’s Cement, 29s 3d; Wailii, 295; Rising Sun, 2s. DAIRY PRODUCE. Messrs Dalgety and Co., Ltd., report having received the following cablegram from their London house under date of the 18th inst.: Butter —Market quiet. Since our last report prices are 2s per ewt. lower. Prices for New Zealand salted now 1965, exceptional brands 190 s. • Cheese—Market depressed.' Since our last report prices are 2s per cwt. lower. Prices for New Zealand Avhite now 90s, coloured 86s. The New Zealand Loan and Mercantile Agency Co., Ltd., have received the following cablegram from their London house under date 18th inst.: N.Z. Frozen Meat—Lamb, lid per lb (average); market firm. Mutton., wether and maiden eAve, light 7)cl lb, 'heavy 6-)d lb; cavc, s|d, heavy 4§d. Fair demand. N.Z. Butter —Choicest salted, no change in market, 186 s to 190 s. N.Z. Cheese, 84s to 92s cwt.; market quiet. LONDON PRODUCE MARKETS.

The Bank of New Zealand produce department has received the folloAving advice from its London office under date July 18: Butter.— Sloav ; 186 s to' I.BBs per cwt. Cheese.— Sloav ; white 90s per cAvt, coloured 86s per cwt. Frozen Meat. —The market for wether mutton remains steady. / Eiwes are in poor demand. Lambs are firm. No quotations for beef. Wethers, light to 8d per lb, heavy oid to 6)-d per lb; ewes, 4)-d to 5;/d per lb; lambs, under 42’s 10) d to lid per lb, over 42’s 9j}d‘ to 10)d per lb. seconds 10) dto 10-)-d per lb.

LONDON MARKETS. HIGH COMMISSIONER’S CABLED REPORT. The Department of Agriculture has received the folloAving cablegram, dated July 19. from the High Commissioner for NeAv Zealand, London:— Butter. Market quiet again, and during the week Danish dropped 4s to 6s, but recovered Liter. Official quotations are :

New Zealand salted, finest. —July 19: 186 s to 188 s per cwt (Is 7-ii<l to Is Bid per lb) ; exceptional. 190 s per cwt (Is Hid per lb). July 12: 186 s t.o 190 s per cwt (Is to Is Bjd per .lb). July 5: 188 s to 192 s ner cwt (is 8-j-d to Is 8)d per lb). Unsalted: July 19. 204 s per civt (is 9i)d oer lb); JuFy 12, 2045-per cwt (Is 9:,‘d ocr lb); July 5, 2(X)s to 204 s per cwt, (Is 9)d to Is 9-Jd per lb). Other qualities, salted: .July 19, 166 s to' pet cwt (Is .^d

to Is 73d per lb). Australian, salted, finest. —Jufv 19, 182 s to 184 s per cwt (is 7id to Is 73d pei- lb); July 12, lS2s to 184 s per cwt (Is 7id to Is 73 d per lb): July o, 182 e to 186 s per cwt (Is 7id to l.s 73d peir lb). IJnsalted: July 19, 180 s. to 190 s per cwt (Is 7-;}d to Is 8)d per lb); July 12, ,186 s to 190 s per cwt (Is 73d to Is Rfd per lb). July 5,186 s to 190 s per cwt (Is 7-:[d to Is Rfd per 11>). Otlieir qualities (salted), July 19, 170 s to 180 s per cwt (Is 6d to Is 7-Jd per lb). Argentine, unsalted. —July 19, 184 s to 188 s per cwt (Is 73d to Is B<l per lb), July 12, 184 s to 188 s per cwt (Is 73d to Is Rd per lb); July 5, 184 s to 188 s per cwt (Is 73d to Is 8d per lb). Other qualities: July 19, 170 s to 180 s per cwt (l.s 6d to Ls 7)d per lb). Irish, salted —July 19: 186 s to 190 s per cwt (Is 73d to Is per lb). July 12: 186 s per cwt (ls "3d per lb). July 5: 18fis to 190 s |>er cwt (Is 73d to Is BJd per lb). Unsalted: July 19: 192 s to 194 s per cwt (Is 8d to ]s 83d per lb). July 12: 192 s per cwt (Is BJd per lb). July 6: 188 s to 19-l.s per cwt (Is 8d to Is 83d per lb). Danish —July 19: 200 s to 201 s per cwt (Is. 9id to Is 93d per lb); July 12: 202 s to 206 s per cwt (Is 93d to Is lOd per lb). July ij: 200 s to 204 s percwt. (Is 9id to Is 93d per l-b). Cheese: Market very difficult, and tendency easier. Official quotations are:—. English, finest farmers (market steady)—Tulv 19: 94s to 98s per cwt (l()d to lold per lb). July 12: 88s to 90s per cwt (9 .Id to 93d per lb). July o : 88s to 90s per cwt (Old to 93d per lb). New Zealand—July 19 : Coloured, 86s to 88s ii]! to 90s per cwt (9)d to 93d per lb). White 90s to 92s per cwt (93-d per lb). July 12: Coloured. 90s to 92s per cwt (93d per lb). White. 92s to_9!s per cwt (93d to lOd per lb) . July o: Coloured, 92s to 94s per cwt (93d to lOd per lb). White. 93s to 90s per cwt (lOd to 1.0’.d per lb). Canadian—Jnlv 19: Coloured. 90s to 92s to 91s per cwt (93d to lOd per lb).

July 12: Coloured, 92s to 94s per cwt (9jjd to lOd per lb). White, 93s to 94s per cwt (lOd per lb). July 5: Coloured, 92s > to- 93s per cwt (9i*d to lOd per lb). White. 92* to 94s per cwt to lOd per lb). .Shipments of New Zealand produce arrived this week per s.s. Arawa Piako, and Port Bowen. Wool. Wool.—Bradford reports small business to Continent. Prices for tops are: (54’ s (merino). 6s; 56’s (super ha-1 fbted). 3s lid; 40s (prepared coarse crossbred), 2s 2)d.