Farming and Finance

Manawatu Times, Volume LIV, Issue 7271, 26 September 1933, Page 8

Farming and Finance

STERLING AND DOLLAR FOREIGN EXCHANGES. United Press Association.—By Electric Telegraph—Copyright. LONDON, Sept. 23. Exchange on New York is 4.78 dollars to £1; Paris, 78 31-32 francs; Brussels, 22.154 belgas; Geneva, 15.95 $ francs; Amsterdam, 7.67 florins; Berlin, 12.95$ marks; Milan, 58 13-16 lire. Opening rates were reported as follows: Dollars to £'. Sept. 22 4.78 Sept. 21 4.75 Sept. 20 4.852 Sept. 19 4.771 Sept. 18 .. .. .. .. 4.78$ Sept. 16 4-601 Sept. 15 4.6 S Sept. 14 4.60-2 Sept. 13 4.59 Sept. 12 4.58$ Sept. 11 4.52 Sept. 8 4-55 Sept. (5 4.56$ Sept. 5 ........ 4.60 Aug. 31 4.53$ Aug. 30 .. .. .. .. 4.551 Aug. 29 4.57$ Aug. 28 4.58 Aug. 25 4.59 J Aug. 24 4.54$ Aug. 22 4.49$ Aug. 15 4.44$ Aug. 9 .. .. .. .. 4.50 Aug. 3 4.56 July 26 4.61$ July 25 4.68$ July 20 4.73 July 19 4.822

FORWARD WHEAT PRICES NEW YORK, Sept. 23.' Chieago wheat: September, SBs cents, per bushel; December, 921; May, 96 3-8; New York, cash, 1002 cents, per bushel.

BRITISH TREASURY BILLS LOWEST PRICE ON RECORD. (British Official Wireless.) RUGBY, Sept. 23. The British Treasury yesterday carried oui. its tveekly borrowing at the lowest rate ever recorded. A total of £45,000,000 of three months Treasury bills were placed at an average discount of 4s 9.15 d per cent., or less than $ per cent.

As these bills fall duo towards the end of December when money is usually in abnormally keen demand in Lombard street, they constitute an exceptionally popular maturity. It is understood that the banks secured most of yesterday's bills.

FROZEN MEAT LONDON MARKET .QUIET. The New Zealand Meat Producers’ Board has received the following cable from its Loudon office, dated September 22, advising that the following are the approximate average prices realised for the week at fcjmithneia market and London stores, compared with those of the previous week in parentheses:— New Zealand sueep: Canterbury and North Island crossbred wethers, 48-56, 4id (42d); and maiden ewes, 57-64, <l£u (4-id); selected, 65-72, 4d (4d); North islands, 48-56, 4Jd (4:id); 57-04, 4 l-8d (4 l-8d); 65-72, 4d (4d); ewes, 48-under, 3£d (Bid); 48-64, 3 3-8 d (3sd); 65-72, 3,id (3 3-Sd). New Zealand lambs: Canterbury, 36under, 7-$d (7sd); 37-42, 7 l-8d (7 l-8d); 43-50, 6sd (6sd); second quality, average 32, 7d (7d); other youth Island brands, 36-under, 7sd (7-Jd); 37-42, 7 l-8d (7 I-Sd); -43-50, 6sd (6,}d). Including Downs, selected Nortii Island brands, 36-under, 7Ad (7Ad); 37-42, 7 1-Sd (7 l-8d); 43-50, 6sd (6sd); second quality, average 32, Vd (7d). Other North island, brands, first quality, 36under, 7d (7d); 57-42, 6 7-Sd (6 7-8 d); second quality, average 32, id (7d). Argentine lambs, first quality, new season’s, 36-under, 7d (Vd); 37-42, tijd (02d). New Zealand beef: Ox, fores 25-8 a (25-8 d); hinds 3 l-8d (3 1-Sd). _ Argentine chilled beef: Ox, lores 2 7-8 d (3 1-Sd), hinds 52d (Od).

Australian frozen beef: Ox crops, over 100, 2£d (2|d); hinds, over 100, 3.M {U d). New Zealand prime porker pigs, 0080, (id ((id); SO-100, (id (s£d); 101-120, s|d (52,d). New Zealand baeoner pigs: 120-160, s:id (s|d).. Lamb market quiet and prices unchanged; consumption being reduced by heavy supplies Jtlome-killcd. Mutton market steady, with fair trade, liwos dull, with trade slow. Beef market, heavy stocks continue to depress market. New Zealand porker pigs, fair demand, with prices linn. New Zealand baeoner pigs, meeting with good demand, with prices unenanged.

TALLOW AND HEMP The Department of Agriculture has received the following cablegram, dated September 23, from the High Commissioner for New Zealand, Loudon: — Tallow: Market quiet at about last quotations. 1-lemp: Manila market dull and easier; closing value “K” grade for OctobcrDecember shipment £ls 2s 6d. .Sisal market easier; No. 1 for January-Marck shipment sold at £l7 15s; closing sellers for October-Dcccmber shipment, £l7 10s, New Zealand market unchanged; common grade offered at £l3 t s (id, but no demand.

DANNEVIRKE DISTRICT JERSEY CATTLE CLUB

The 11th. annual sale of registered Jerseys held under the auspices of the Dannevirke District Jersey Cattle Club takes place at the Showgrounds on Wednesday, October 4, at 11 a.m. Over GO entries have been received, seven of which are registered cows of all ages. The remainder of the catalogue comprises 2 bull calves, 39 yearling bulls, 14 2-year-olds and four of other ages. Pedigrees show that many of ttiem have excellent butteriat backing and anyone interested cannot do better than apply for a catalogue, which is free. The secretary of tne club, Miss K. Miller, Box 38, Dannevirke, will supply this and any other information, and .same may also be had from the auctioneers controlling the sale, Messrs\Vngnt, .‘Stephenson, and Co. (Abraham and Williams), and H.B. Farmers’ Co-op.