COMMERCIAL.

Otago Daily Times, Issue 18787, 14 February 1923, Page 6

COMMERCIAL.

FOREIGN EXCHANGE RATES. Press Association —By Telegraph— Copyright LONDON, February 12. (Received Feb. 13, at 3.5 p.m.) London on Pur. Feb. 8. Feb. 12. Paris, Ir. to £1 25.225 75.45 75.75 Christiania, kr. to £1 ... 18.16!) r 26.30 24.D7 Copenhagen, kr. to £1... 18.159 25.07 34.85 Stockholm, kr. to £1 ... 18.159 17.G0 17.33 Berlin, marks to £i ... 20.43 152,000.00 135,000.01 Rome, lire to £1 22.22) 97 97) Montreal, del. to £1 ... 4.86 2-3 4.73 4.733 Now York, dol. to £1 ... 4.8 G 2-3 4.67 J 4.63.) Hongkong, dol. to £1 ... * 26{d 2GJd Yokohama, st. to yen ... 21.50 24Jd 2413-lßd Calcutta, st. to rpe. 10 to gold £1 lGj>il 16;) •Determined by price of silver. —A. andd N.Z. Cable.

LONDON SHARE MARKET. LONDON, February 12. (Received Feb. 13, at 10.30 p.m.) Waihi shores: Buyers 30s. —A. and N.Z. Cable. LONDON MARKETS. LONDON, February 12. (Received Feb. 13, «t 10.30 p.m.) Lead: Imports, 19,867 tons; exports, 2255 tons. Tiie Bradford wool quotations are slightly easier. Wheat cargoes are quiet, but the tone is steady. On week-end advices prices advanced slightly,—A. and N.Z. Cable.

LONDON METAL MARKET. LONDON, February 12. (Received Feb.- 13, at 9.5 p.m.) Copper; Spot, £65 16s 3d; forward, £66

11s 3d. Lead; Spot, £2B 15s; forward, £27 17s 6d. Spelter; Spot, £35 2s 6d; forward, £34 7a 6d. Tin: Spot, £lB6 3s 9d; forward, £IBB Is 3d. Silver, 2s 6 15-16 d per oz, —A. and N.Z. Cable. i CANTERBURY MARKETS. (Pkb United Press Association.) CHRISTCHURCH, February 13.

Wheat continues to come in freely, and a considerable amount of business has been done at 4s 6d per bushel at country stations. Some growers arc disinclined to accept tins price, and are consequently holding. The barley coming forward is not of a very high quality. A few lines of particularly good quality have sold at ss, but the general quotation is 4s 6d to 4s 9d at country stations.

There is no alteration in quotations for oats, which are worth 2s 6d to 2s 8d for Gartona, and 2s 9d to 3s for Algerians. There is an improvement in chaff. Tho market for bright oaten sheaf continues, but f.a.q. shows little alteration. The bad season in Marlbrough, according to reports from there, has damaged the oat crop to an extent that best quality chaff will lie in short supply. This is reflected in an inquiry from Blenheim for Canterbury chaff for tho North Island, and sales have been made at £6 15s per ton, f.0.b.,5.c. Quotations to farmers at average country stations are up to £4 10s per ton. The reports ot blight in the potato crop in the south, whilst not appreciably affecting prices, are causing growers to hold more confidently. From £3 5s to £3 10s at country stations is quoted Peas are in the same position as quoted in the week-end report, from 5s 6:1 to 6s at country stations.

Ryegrass is very firm, and sales at up to 5s at country stations have been made.

GRAIN AND PRODUCE. Donald Reid and Co. (Ltd.) report: Oats. —There is a good demand lor both A and B Gartons. We quote; A Gartons, 2s lid: B Gartons, 2s ftd. Wheat.—Tho Government guarantee terminates at the end of this month. There is a good demand for fowl wheat at Is 3d ex store. Chatf.—There is a good demand for pxime chaff at £5 per ton; good to beat feed, ft 103 to ft 15s; medium, light, and discoloured is unsaleable. PROPERTY SALE. Messrs Park, Reynolds (Ltd.) report having submitted to auction yesterday, on account of the late Christina Chapman, part of sections 13, 30 x 31, block 18, Dunedin, having a frontage of 58 feet to Cargill street and a depth of 132 feet, with two small wooden cottages thoreon. Great interest was taken in this rale by the general public, as tho building site is in a very popular locality. The bidding commenced at £SOO and eventually reached f 650, at which price it was sold.