COMMERCIAL.

Hawera Star, Volume XLVIII, 3 September 1924, Page 6

COMMERCIAL.

LONDON METAL MARKET. 1 F BY CABLE—PRESS ASSOCIATION—COPYRIGHT, c LONDON, Sept. 1. ( Copper.—Spot, £63 18s 9d; three \ months, £64 16s 3d. '■ Lead.—£33 os and £32 os. Tin. —£258 7s 6d and £259. FOREIGN EXCHANGES. j LONDON, Sept. 1. c The following rates on foreign ex- l changes are current to-day, compared iwith par:—Brussels (fr.), Sept. 1,89 J f (par 25.225) ; Paris (fr.),, 82.95 (25.225); - Stockholm (kr.), 16.88 (18.159); Chris- . tiania. (kr.), 32.45 (18.159); Copenhagen £ (kr.), 27.37 (18.159); Rome (lire), i (25.225); Calcutta, Is 5 5-16 d (2s); Yokohama., Is 9 5-16 d (2s Old); Hongkong, 2s 4|d (2s); New York (dollar), 4.49|d (4.866); Montreal (dollar), 4.483 (4.866). The mark ,is quoted from Berlin at 183 billions to the sterling, the same as on August 29. LONDON TALLOW STOCKS. LONDON, Sept. 1. The tallow stocks total 4468 casks, the imports during Augufet being 1638 and deliveries 1938. LOAN FOR BELGIUM. BRUSSELS, Sent. 1. The Government has arranged a 6-1 per cent, loan of 30,000,000 dollars from the United States, redeemable in twenty-live years. It is stated that the loan is to be. utilised for withdrawing Treasury bonds issued in the United States in 1920. SHARE MARKET. AUCKLAND, Sept. 2. Stock Exchange sales. —Auckland Drainage 5 per cent debentures, £9l; Bank of New Zealand, 575;, Union Bank, 2985; New Zealand Insurance Company, 29s 7d; Auckland Gas Company, 25s 2d; Sugar, Australia,. £44 10s; Refrigerating (contrib.), 9s 9d; New Waiotahi (contrib.), 9d. CANTERBURY MARKETS. (by telegraph—press association.) CHRISTCHURCH, Sept. 2. The grain and produce market continues dull. The Rakanoa leaves for Auckland to-night with a small consignment of potatoes and the Wanaka is du,e to sail on Saturday. Business locally for prompt delivery is being clone on the basis of £5 to £5 5s f.o.b. sacks in for whites, and offers to farmers are from £3 15s to £4 a ton. At this price few potatoes are offering. Several • districts are reported to have cleared their tubers. Oats and chaff remain about ‘ the same, and with the exception of inquiry for peas to fill an early shipment there is very little business passing. In seeds there is another Id per bushel increment to wheat from the Ist of this month. LONDON MARKETS. HIGH COMMISSIONER’S CABLED REPORT. The Department of Agriculture has received the following cablegram, dated August 30, from the High Commissioner for New Zealand, London; Butter. Market very dull. Unsalted practically cleared. Official quotations are: New Zealand.—Salted, finest: August 30, 204 s to. 208 s per cwt (Is 93d to Is 10R1 per lb); August 23, 208 sto 210 s per cwt (Is lOd to Is IOId per lb) ; August 16, 200 s to 202 s per cwt (Ls 9ld to Is 9|d per lb). Unsalted: August 30, 220 s per cwt (Is 11’d per lb). Other qualities; August 30, salted, 196 s to 200 s per cwt (Is 9d, Is 9ki per lb).

Australian.—-Salted, finest: August 30, 200 s to 202 s per cwt- (Is 9)d”per lb); August 23, 200 s to- 204 s per cwt (Is 9ld to Is 9i‘d per lb); August 16, 194 s to 196® per cwt (Is Bfd to Is 9d er lb). Other qualities: August 30, 176 s to 196 s per cwt (Is 63d to Is 9d per lb).

Argentine.—Unsalted : August 30, 196 s to 200 s per cwt. (Is 9cT to Is 94d per lb); August 23, 196 s to- 200 s per 16 194 s to- 196 s per cwt (Is 83d to Is 9ld per lb). Other qualities: August 30 182 s to 192 s per cwt (Is 7*d to 1« Bld per lb). - Imh.—Salted: August 30, 196 s to 198 s per cwt (Is 9d to Is 9*d per IbY; Augiist 16, 190 s to 192 s per cwt (Is B f d t0 < per Ib )- Unsalted: August 30,- 210 s per cwt (Is lold per b ); r Ausus 16 206 s to 208 s per cwt (Is lOd to Is 10’-d per lb) Da ' l,sl n 1 -—Angnst 30, 212 s to 216 s per 93 ™ ls IJd lb); August Is lill tU I? S per cwt (U lOjd to Is 111 per lb); August 16. 216 s to 2205-per cwt (Is lid to ls Hid per ) J« to quality).— nir 160$ to" 176 s per cwt (Is old to Is 63d per lIP • to Is id per lb); August 16, 156 s to LOs per cwt (Is 43d to Is 6d per lb) Cheese. Market dull. Large supplies of Canadian coming forward. Official quotations are: English.—Finest, farmers’: Market ste . , August 30, 102 sto ].o6s per 1(19- 11 per ,b); August 03 l(Ls to 106 s per cwt (lid to 11,',d: pel b ; August 23, 102 s to 106 s per cwt (Hd to ll- 4 d per lb); August 16, 102 s to lo6s per cwt (lid to llld per lb). Canadian.—August 30: Coloured, 92s to 94s per cwt (93d per lb); white, 94s to 95s per cwt (lOd per lb). August 23: Coloured, 94s per cwt (lOd per lb) • white, 94s to 96s per cwt (10d to 104 d per lh). August 16: Coloured, 92s to 96s per cwt (93d to 10.(d per lb) • white, /02s to 96s per cwt (93d to 10i-d per lb). • 4

Zealand. August 30: Coloured, 91s to 92s per cwt (9|d per lb); white ” P , to 96s l )er ewt (10d to lOf-d per lb). August 23: Coloured, 92s to 94s pei cut (9=jd to lOd uer lb); white 94s to 96s per cwt (10d' to 10Jd per lb). August 16: Coloured. 92s to 94s per c\vt to lOd per ]b); white, 94s to--96s per cwt lOd to lOfd per lb). Australia?]—Market slow. August 30: Coloured. 90s to 92s per cwt (9gd per /n -*i u " l,s !-; 23: -Coloured, 92s per c\yt (J-:;d per lb). August 16: Coloured, 90s per cwt (9,)d per lb). „ Shipments of New Zealand produce arrived this week per s.s. Port Victor and Iti mu taka. Wool. Bradford tone still improving, and prices hare advanced to-: 64’s merino 6s 3d; 56’s super halfbred, 4s Old ’ 40’s prepared (coarse crossbred), 2s 3d. Tallow. Spot mai'ket quiet-, and demand is moderate. Mutton, fine 46s 6d to 47s per cwt; fair to good, 44s to 46s per cwt; dark to dull, 40s to 425. Beef: Sweet and (or) mixed, 47s to 47s 6d per cwt; fair to good, 43s to 46s peir "t; dark to dull, 39s to 41s per cwt. Mixed: Fair to good. 43s to 46s per cwt; dark to dull, 39s to 41s per cwt; gut, etc., 36s 6d to 40s per cwt.

The New Zealand Loan and Mercantile Agency Co., Ltd., have received the following cablegram from their London house, under date 30th ult.: New Zealand frozen meat: Lamb, 12d per lb (average); mutton, prices unchanged ; market firm. Last quotations (August 22): Wether and maiden ewe, light 84d per lb, heavy 73d; ewe, light 6fd, heavy old. The Bank of New Zealand produce department has received the following advice from its London office, under date 29th ult.: Butter quiet at 204 s to 2065. Cheese steady; white 945, coloured 91s to 925, stored parcels ls to 2s per lb less. Frozen meat: Moderate business has. been done in wether mutton and the market is firm. The market for ewes is quiet, hut firm. The market for lambs has advanced and prices are likely to be maintained. No quotations for beef.