COMMERCIAL.

New Zealand Herald, Volume LVI, Issue 17338, 9 December 1919, Page 7

COMMERCIAL.

FOREIGN EXCHANGE RATES. The Bank of New South Wales has received cablegrams Quoting the buying • rates (approximately) of foreign exchange fox on demand bills ruling on London as follows; — Nov, 25 N0t.27. Par France. Francs to £1 .. 38.95 — 25.225 Italy. Lire to £1 .. 48.00 — 25.225 Spain, Pesetas to £1 .. 20.45 ' — 25.225 Switzerland, Francs toil 22.30 — 25.225 Holland, Florin to £ 10.70 — 12.107 Sweden. Kroner to £1 17.87 — 18.159 Denmark, Kroner to £1 19.95 — 18.159, Calcutta, Pence to Rupee , 23-16 d — 16d Montreal, Dollar to £1 4.26 4.25 4.866 New York, Dollars to £1 4.06$ 4.04 i 4.866 Germany. Mark to £t 63.0 — 20.43 •Telegraphic Transfer. LONDON WOOL SALES. The New Zealand Loan and Mercantile Agency Co., Ltd.. has received the following cablegram from its London office under date, December 2: — "Wool sales opened. Merino par to 5 per cent, higher; coarse bred and coarse 5 per cent, lower. Others are unchanged." PAEROA STOCK SALES. fjjr TELEGEAPH.OWN COKItESPOXDENT.J PAEROA, Monday. At the -monthly stock sales held to-day there was a good yarding of cattle, bu(, bidding was weak. About 250 head yrerc ottered. Dairy cows sold at £9 to £12. dairy heifers £S to £10, 16s, fat cows £9 10s to £10 7s, storo cows £6 2s 6d to £8 7s 6d; 18-montha Jersey steers £2 10s to £3 16s, Shorthorn steers £4 5s to £4 10s; empty heifers £5 8s to £6 ss.