COMMERCIAL.

Otago Daily Times, Issue 18556, 17 May 1922, Page 4

COMMERCIAL.

FOREIGN) EXCHANGE RATES. _ Press Association—By Telegraph—Copyright LONDON, May 16. The foreign* exchange rates are as follows compared with those last cabled:— London on Par. May 11. May 16. Paris, Ir. to £1 25.225 48,70 48.70 Christiania, kr. to £1 ... 18.159 23.80 23-B*> Copenhagen, kr to £1 ... 18.159 20.87 20.87 Stockholm, kr. to £1 ... 18.159 17,35 17.35 Berlin, marks to £1 ... 20.43 1375.00 1270.00 Montreal, dol. to £1 ... 4.86 2-3 4-51 4.50 New York, dol. to £1 ... 4.86 2-S 4.64 J 4.45 Hongkong, dol. to £l-'... * 30Jd 31Jd Yokohama, st. to yen ... 21.68 25gd 25)d Calcutta, Bt. to rpe. 10 to gold £1 15Jd 16Jd • Determined by price ol silver.—A. and N.Z. Cable. DAIRY PRODUCE. The New Zealand Loan and Mercantile Agency ■ Company has received the following cablegram from London, dated 12tb inst.:— -• Butter.—New Zealand, 166 s to 172 s per cwt. More inquiry at the reduction. Cheese, 72a to 66s per cwt; poor demand. THE HOME MARKET. Press Association—By Telegraph—Copyright. LONDON, May 15. (Received May 16, at 5.5 p.m.) At the wool sale there was a good selection of average top-making merinos, and a poor lot of crossbreds. All prices were well maintained at last week's level. The Bradford market is firm and unchanged.—A. and N.Z. Cable, * THE WHEAT MARKET. Press Association—By Telegraph—Copyright. LONDON, May 15. (Received May 15, at 5.5 p.m.) Wheat cargoes are steadily held 'at late rates. Australian parcels on passage are quoted at 68s, 58s 3d, and 58s 6d.—A. and N.Z. Cable. _ THE METAL MARKET. Press Association—By Telegraph—Copyright. LONDON, May 15. (Received May 16, at H. 5, p.m.) Copper ;\ Spot, £6O 6s 1043; three months, £6O 14b 4fcd, i Lead: Spot, £24; three months, £23. Spelter: Spot, £27 ;_ three months, £27. Tin: Spot, £149 7s 6d; three months, £l3O 16s 3d. Silver, 36Jd per oz. ATHENICS APPLES. Press Association—By Telegraph—Copyright LONDON, May 15. The Athenio’s New Zealand apples were in moderate condition. They brought from 9s 6d to 12s ,6d. Many were brown inside, similar to the Whangaratta’s apples.—A. and N.Z. Cable. WOOL SALES. MELBOURNE SERIES, Press Association—By Telegraph—Copyright MELBOURNE, May 16. The wool sales attracted strong general competition. Merinos were distinctly dearer than last week.

SYDNEY SERIES. ADVANCE IN PRICES. Press Association —By Telegraph—Copyright. SYDNEY, May 16. i-iteceived May 16, at 11.5 p.m.) The eighteenth series of the wool sales has closed. Competition wah been and prices advanced from 5 to 10 per cent. “ BAWRA ” SHAREHOLDERS. FIVE MILLION POUNDS -FOB DISTRIBUTION. Press Association—By Telegraph—Copyright. MELBOURNE, May 15. The sum of £5,000,000 will be distributed amongst “Bawra” shareholders on Thursday. The money will be paid direct to the shareholders, and not 'to the brokers. CANTERBURY MARKETS. (Pm United Press Association.) CHRISTCHURCH, May 16. ■The Canterbury, grain and piodnee markets arc practically unaltered from tlhe week-end report. A grade Garton oats are worth 3s 5d to 2s 6d at country stations; B’s, from 2d to 3d lees. White clover is firm, .and good clean farmers' seed is selling at Is 4d to Is 6d per lb. The cowgrass market is quieter, but quotations are unaltered from lOd to 12d. Partridge peas also are firm. Good lines are worth from 8s to 8s 3d to farmers. Potatoes are still depiessed, hut the bulk of the opinion is that a decided firming is probable. The South Canterbury crop is not turning out as, satisfactorily as was expected. Cocksfoot is still firm at a basis of Bid to 6d per- lb to farmers, sales at that figure being frequent for July-August delivery. Onions have firmed, and are worth £6 to growers, and a fair amount of business at that figure bos been done. Supplies in local growers’ bands are shortening. The local crop is more marketable this year, being a much better sample than_ for some seasons, and showing better keeping qualities.