COMMERCIAL.

New Zealand Herald, Volume LVIII, Issue 17890, 19 September 1921, Page 3

COMMERCIAL.

THE LONDON MARKETS.

Australian and N. 2.' Cabin Association. (Keod. 11,5 p. m .) LONDON. Sept. 17. FROZEN MEAT. Sbeop.—Canterbury: Heavy. 6d. South American: Light 6sd. Lambs. — Canterbury: - Light, 12Jd; medium, 12id; heavy, lid; seconds. I2id. Southland: 12Jd. North Island: Selected, 12Jd; ordinary, llfd. Soutb . American: Light, lOJd: heavy. 9|d. Frozen Beef.—New Zealand: New hinds, 6id- Uruguay: Fores, 4d. Chilled Beef. — Argentina: Fores, sd: hinds, 9}d. HEMP. COPRA. RUBBER. ETC. (Last week's prices in parentheses.) Cotton.—October delivery. 13d (12.43 d). Jute.—Firm/- Old cut. September-October shipments, £31 lfo to £31 15s. On a final estimate of the crop there will be 4,100,000 bale*, compared with. 6,250,000 last year. Hemp. — September-November shipments, £38 (£3B). Rubber.—Para, 12} d; (12id): plantation. Bfd (8Jd); smoked. BJd (Bid). Linseed Oil.—£3B (£39). Turpentine.—£S 6s 9d (£3 5s 9d).

FOREIGN EXCHANGE RATES. The Bank of New South Wales has received advice quoting the buying rates approximately of foreign exchanges for on demand,, bills on London. The advice, which is cabled to Australia, thence transmitted to New Zealand by mail, is as follows:— , . ~ Sept. 7. Par. Italy—Lire to £1 .. 85.90 25.225 Sept. 6. Brussels—Francs to £1 49.61 25.225 Madrid—Pesetas to £1 28.56 25.225 Switzerland—Fr. to £1 21.74 25.225 Helsmgfois—P.M. to £1 263.00 25-225 Greece—Drach. to £1 65.75 25 225 Amsterdam—Fl. to £1 11.74 12.107 Sent. 5. Bat&vta—Gldrs, to £1 11.85 12.107 Singapore—Bt. to Dl.* 2s B|d Sept. 6. Manila P.l.—St to P* 2s 6*d Sept- 7. Pragu-e—Krone io £1* 310.00 24.02 to Es.* 6s 0 l-8d 4s sia Shanghai—St. to Tael* 3s 8d Chefoo—St to Tael* 2s 7 5-8 d •Telegraphic Transfer. DRIED MILK INDUSTRY. [BT TELEGRAPH.—OWN CORRESPONDENT.] CAMBRIDGE. Satnrday. The Cambridge Co-operative Dairy Company has commenced manufacturing milk powder at the Hautapu factory. MANAWATU STOCK SALE. ' Dalgety and Company, Limited, Palmerston North, report having a very fair yarding of sheep and a moderate yarding of cattle at their Feilding sale on Friday. There w*b rather a better tone for both fat and store sheep, but store cattle were asain dull of sale. Sheep.—Fair hoggets, 7s 2d to 7a 6d; good hoggets, Ba, 8s 3d. 83 lOd, to 9s 8d; good ewe hoggets, lis; forward hoggets, 10s to 10s 2d; fat hoggets, 12s, 14s to 14s 3d; good mixed 2-tooth*. 10s 9d; fat ewes Ho 13s 10d; light fat wethers. 14s. Cattle.—Backward dairy heifers, £8, £9, £10, £10 10a; light fat and forward cows, £2 10s: 2-vr empty heifers, £6; young Jersey bulls, £6 10s. £9 to £14 15s.