LATE COMMERCIAL

Otago Daily Times, Issue 18851, 2 May 1923, Page 8

LATE COMMERCIAL

CANTERBURY PRODUCE MARKET, ■ (Feb United Press Association.) ,

.CHRISTCHURCH, May 1. There has been no expediting of wheat purchasing by millers and growers whc• not in a position to hold on, hare a difficulty in placing their produce. _ Peas are still making high prices. The recent stiffening of the Home markets forced our sellers to operate, and quite an amount of business has been done at Bs 9d, country is very firm at £l6 to £l6 10s per General classes of seeds, such as white and rod clover, cocksfoot, and ryegrass, are very quiet. Sales of white clover at Is and red at lOd are reported, the latter wr particularly good quality parcels. From BJd 9id covers quotations. _ , Oats are unchanged. There is a general belief that chaff will improve The giving out of the turnip crons and the general scarcity of feed are likely to divert attention to chaff. Recent quotations are £4 5s to £4 10s at country-stations. , , , • Potatoes are etill on the upward trend. Duo to some extent to Dunedin and Invercargill demands for South Canterbury tubers, mid and North Canterbury are left to supply Auckland requirements. To-day’s value W £4 10s to £4 15s for whites, and Dakotas, for prompt delivery, are 5s less. hor f.a.q.’s up to £5 is reported to have been paid for tho end of the .month.

DUNEDIN SAVINGS BANK. The annual meeting of trustees was held yesterday. The balance sheet for the 12 months ended March 31 last showed a very satisfactory position. Deposits received during the year amounted to £393,389 7s 4a, and withdrawals amounted to £350,315 15a 4d. The sum of £32,166'18a lOd was credited to' depositors for interest, and deposit account stands at £765,633 0s 6d. Interest has been allowed at the rate of 4J per cent, for the whole year. As showing the increase in the bank’s business, it was noted that in 1918 the total amount standing to the credit of depositore was £256,835 17s 7d. DALGETY AND CO. Messrs Dalgety and Co. (Limited) report having received a cable from their head office announcing the declaration of an interim dividend of 6s per share, being at the rate of 10 per cent, per annum, FOREIGN EXCHANGE RATES. Press Association—By Telegraph—Copyright LONDON,'ApriI 30. (Received May 1, at 8.45 p.ra.) < The exchange rates are as follows: London on Par. Apl. 26. Apl. 30. Paris, Ir. to £1 26.255 68.85 68.45 Christiania, kr. to £1 ... 18.169 27.03 26.80 .Copenhagen, kr. to £1... 18.159' 24.07 , 24.90 Stockholm, kr. to £1 ... 1&.169 17.33 17.30 Berlin, marks to £1 ... 20.26 135,000 146,000 Eomc, Jire to £1 ... ... 22.22 J 94 94J Montreal, dol. to £1 ... 4.86 4.75 J 4.72 J New York, dol. to £1 ... 4,86 4.63 j 4.63 J Hongkong, »Jol. to £1 ... * 28id 21R1 Yokohama, 6t to yen 21/50 23j 25| Calcutta, et. to rpe 10 to gold £1 16 3-16 d 16j •Determined by price of silver.