COMMERCIAL.

Hawera Star, Volume XLVIII, 10 December 1924, Page 12

COMMERCIAL.

LONDON MARKETS. BY CABLE—PRESS ASSOCIATION —COPYRIGHT ' t LONDON, Dee. S. The Bradford tops market is quiet, spinners not operating at the present quotations, but prices were maintained. Mount Lvall shares: Buyers 24s 9d, sellers 25s 3d. • • Waihi shares: Buvers 25s 3d, sellers 275. ‘ The price cf gold is 88s Sd per ounce. Copper—Spot £63 16s 3d: forward £64 16s 3d! Lead—£39 os and £37 2s 6d. Spelter—£3s 3s 9d and £35 3s 9d. Tin—£2ss 15s jind £258 17s 6d. Silver—Standard, 33'Jd per ounce; fine 353 d per ounce. At the wool sales 969 S bales were offered, and a moderate selection of crossbred sold readily, prices. being steady. Merinos were in demand, but the market was quieter and prices were rather easier. Medium scoureds were frequently bought in and slipes sold -rregularly.

Wheat cargoes finned by sixpence to a shilling on strong Argentine reports. Parcels were in good demand at an advance of from sixpence to a shilling. Liverpool futures are quoted as follows: December sellers 12s 7sd Marc-h 12s lOd, May 12s 9fd. ’

EXCHANGE RATES

NEW YORK, Dec. 8. The sterling closed at 470 cents, a new high level for the . year. The Dutch, Swiss and Norwegian exchanges also advanced. This movement reflects ; the satisfactory results of the German lections, with the gains of the Model-- < ates assuring thb uninterrupted operation of the Dawes plan. ’ CHICAGO WHEAT QUOTATIONS. ■ 1 i i NEW YORK, Dec. 8. j ] Chicago wheat quotations: Decern- - her, 108 J cents a bushel; May, IG4£ j cents; July, 145 qgnts. ‘ SYDNEY WOOL SALES. ; ' SYDNEY, Dee. 9. ; At the wool sales competition was keen and the market firm. Super wools ,j of specially fine quality realised ex- ! treme rates. Crossbreds of all grades made full late rates. Greasy merino realised 71R1, which is a record for the •Australian market. FOREIGN EXCHANGES. | LONDON. Dee. 8. j The following rates on foreign ex- I changes are current to-day (quotations ' on December 1 being given in paren- • theses):—New Yoik (dollar), 4.70 1 (4.64); Montreal (dollar). 4.70-’ (4,64.1); Paris (franc), S 7 (87.17); Brussels (franc), 96 (90.30); Rome (lire.), !OS) (100 g) ; Stockholm ; (kroner), 17.46 (17.24); Christiania 1 (kroner), 31.27 (3.1.30); Copenhagen (kronor), 26.4 S (26.48);-Calcutta, Is Gd j (Is 6d); Hongkong, 2s 4(:d (2s 4.9*1); 1 Yokohama. Is 7 9-16 d (1 Ss). ; The reichsmark is quoted from Per- 1 1 iii at IOJd to the sterling, as compared with 19 7-16 on December 1. HiGH COMMIY.SIOVFR’S CABLED REPORT. The Department of Agdc-ulture lias received the following cablegram, dated December 6, from the High Comnißsioner for New Zealand, London : Butter. ( Market slow, with tendency easier. Germany continues to buy large quantities of Danish. Official quotations ?.re : New Zealand.—Finest, salted: De-

"'*ml 6. 202 st- 204 s per cwt tts 93d per lb) un to 206 s per cwt (Is lOd per lb) : November 29, 208 s to 212 s "'w r- v t (Is 1 1 "d to .Is 103 d per lb); Nev-'lnh-er 99 201 s t'» 206 s per cwt (Is qgq frv U- 104 nc IbV Unsalted : De-'-••Unhpr 6, 91 *S to Mgs per <> R -t (Is lOjcl to Is lid per lb); November 29, vi Qc t 0 9-YV pGI . ( . wt ( . ls r ,j d to ls 11-ad per lb). Ocher qualities: De--•em-’er 'V 770 s to 194 s per cwt (Is 6d fcn l e. 834 pp r I]-,)

Australian.—Finest, salted: December p. 190 s to 192 s up to 194 s per cwt (ls SRI to Is Bld per lb): November 29, 192 s to 196 s per cwt (ls

oid to Is Sid per lb); November 22, io-.ts co ifcSSs per cwL 7-id to is So per Ibj. LnsaJteu : December 6, I9us co l9»s per cwt (is Bi-d to Is 9d per lb) ; November 29, ly4s to i9Bs per cwt (Is 8-i-d to Is yd per lb); November 22, IsSs to 194s.per cwt (Is 8d to Us Bld per lb). Other qualities: December 0, salted.- 160 s to 186 s per civt (Is old to Is 7ld per lb); uusal ted, 166 s to 186 s per cwt (Is old to Is 7id lb). Argentine.—December 6,174 s to 180 s per cwt (Is 6id to Is 7-id per ih): November 29, 176 sto 380 s 'per cwt (Is; 65d, Is 7ld per lb). November 22, 176 s to 182 s per cwt (Is 6-iJd f.o Is 7 ; Vd per lb). Other qualities : December 6,164 s to 172 s per cwt (Is okl to Is 6id per lb). Canadian. —Creamery: December 6. 184 sto 188 s per cwt (Is 7-2 dto Is 8d per lb); November 29. 176 s to 188$ per cwt (Is 61 d to 1$ 8d per lb); November 22. 174 s to 186 s per cwt (Is 6kl to Is per lb).

Danish. —Deoembe’' 6. 232 s tn 234 s ner 'p'.vt (2s 04(1 to 2s Id per lb): November. 29. 23P,s to 2-1 Os per cwt (2s 11 d to 2s per lb): November 22, 218 s. to 292 s per cwt (Is 113-d to Is lljd per lb). Cheese. Somewhat better demand. Official quotations are: English.—■ Finest farmers’, firm. December 6,116 sto 120 s per cwt (Is o£d to Is Olid per lb); November 29, 116 s to 120 s per cwt (Is o|d to Is Ofd per lb); November 22, 116 s to 120 s per. cwt (Is Old to Is Ofd per lb). Canadian.—December 6, coloured and white, 93s to 96s per cwt (lOd to 103 d per lb); November 29, coloured 93s 10 93s per cwt (lOd to 10id per lb) ; white, 94s to 96s per cwt (10d to 103 d per lb); November 22, coloured and white, 93s to 96s per cwt (lOd to 10-id per lb). New Zealand.—December 6, coloured, new season’s, 92s per cwt (9Jd per lb), white, new season’s, 92s to 93s per cwt d fco 10d per lb); coloured and white, old season’s, 93s to 94s per cwt (lOd per lb); November 29, coloured ajid white, new, 90s to 91s per cwt (9£d per lb), coloured and white, old, 92s to’ 94s per cwt (9Jd to lOd per lb); November 22, coloured and white, new, 90s to 91s per cwt (93d per lb), coloured and white, old, 92s to 94s per cwt (93d to lOd per lb).

Australian. —Market steady. December 6, coloured, 90s per cwt (9-£d per lb); November 29, coloured, 86s to 88s per cwt (9d to 9i(l per lb); November 22. coloured, 88s to 906 per cwt (&id to 93-d per lb). . Estimated stocks of cheese on December 1 at London, Liverpool and Bristol were: Canadian and American, 209.600 boxes: New Zealand and Australian, 33.170 crates, against 132,700 1 oxe? and 13,100 crates respectively for came Lime last year. A shipment of New Zealand produce |ar-i'ed this week per b.s. Mamari. , Casein. French rennet, £sl per toil. Wool and Tallow. i Wo. Demand continues brisk, with New Zealand wool selling well chiefly to ‘Bradford, (loud support from Continent and America, ~and opening prices fully maintained. Tallow. —Market quiet. Present quotations are: Mutton —Fine, 53s to 53s , (id per cwt; fair to good, 49s 6d to i 525; dark to dull, 4C« to 47s 6d. Beef I —Sweet and/or mixed, 51s to 53s per ; cwt; fai rto good, 4Ss to 50s; dark to ; dull. 4.4 s6d to 46s 6d. Mixed—Fair to good, 47s 6d to 50s per cwt; dark to dull, 44s 6d to* 46s 6d. Gut, etc.— 41s to 46s per cwt.

The Bank of New Zealand produce department lias received the following advice from its London office under date December 5: — Butter. —Quiet, 202 s to 204 s per cwt; second grade 182 s to 1945. Cheese. —Steady, 92s per cwt; old season’s, 92s to 945. Frozen moat. —The market is firm for wethers. There is a weaker tendency for ewes. Prices for lamb have probably reached the top. Trade in beef is slow. Wethers, light 8d to 9d tier lb. heavy 73d to 8d; ewes, 6£d to 73 d; lambs, new season’s Australian 13d to 13‘d ;ox hinds 53d to 53 d. fores 4/,d to 4-Ad.

iFARMERS’ CO-OP. ORGANISATION SOCIETY’S REPORT. > On Monday we conducted our usual fortnightly sale at TTrenui. We are able to report a good yarding, the whole of which was cleared . at the hammer. We quote: Fat cows £6 to ! £7, forward cows £3 5s to £4 2s 6d, store and boner cows at late rates. Jersey 15-month heifers £4 4s 6d, Jersey and Jersey cross heifers £3 to £3 14s, dairy heifers £5 los.