COMMERCIAL.

Otago Daily Times, Issue 18875, 30 May 1923, Page 6

COMMERCIAL.

FOREIGN EXCHANGE HATES. Press Association—By Telegraph—Copyright LONDON, May 28. Thfi exchange rateß are as follow: London on Pur. Mny 24. May 28.

♦Determined by price ol silver. —A. and N.Z. Cable. ■_ .tf> THE GERMAN MARK. NEW YORK, May 23. (Received May 29, at 8.35 p.m.) The German mark has reached an extraordinarily low record, selling at 1,000,000 for 1625 cents.—A. and N.Z. Cable. «» LONDON METAL MARKET. j LONDON, Miay 28. (Received May 29, at 10.5 p.m.) Copper: Spot, £65 lis 3d; forward, £66 8a 9d. Lead: Spot, £25 17a 6d; forward, £24 17s da. Spelter: Spot, £3O 12s 6d; forward, £3O 2s 6d. Tin: Spot, £196 17s 6d; forward, £196 12s Silver, 2s Bgd per oz.—A. and N.Z. Cable. ■ ■ ■<» , THE WHEAT MARKET. Press Association —By -.Celegraph—Copyright LONDON, May 28. Wheat cargoes are dull owing to American weakness, at 3d to 6d lower. Parcels are in poor request similarly.—A. and N.Z. Cable. ♦ ■ ■■■ THE! WOOL MARKET. LONDON, May 23 The Bradford wool market is very quiet, and quotations are unchanged.—A. and 'N.Z. Cable. NEW ZEALAND PRODUCE. The New Zealand Loan and Mercantile Agency Company has received the following cablegram from London, dated the 25th mat: New Zealand Frozen Meat.—Lamb, 10gd per lb (average); mutton, wether and maiden owe, light 7Jd per lb, heav/ 4Jd per lt>; owe, light 5Jd per lb, heavy 43d per lb. Improvement in demand. New Zealand Dairy Produce.—Butter, including unsalted, 140 sto 146 s per cwt Fair demand. Cheese, 84s to 86s per cwt. Market steady. LONDON APPLE MARKET. The National Mortgage and Agency Company report that Messrs G. E. Hudson and Son, London, cabled them as follows, London, May 28, 1923: "Ruahine, due London, June 5, market prospects for Otago apples are as follows:—Cox's orange, 'fancy,' 18s to 20s; Jonathans, 'fancy,' 12s to 13s; Cleopatras, 'fancy,' 133 to 14s; Scarlet Nonpanel, 'fancy,' 12s; Stunners, 'fancy,' 145." CANTERBURY PRgDUCE MARKETS. (Per United Press Association.) CHRISTCHURCH, May 23. As the digging of potatoes proceeds the extent of the damage by the floods is being n'.ore correctly approximated, and results are showing no improvement on the previous reports. GradeTS at Lyttelton are having a difficult timo with consignments coming to hand, and with the lethargic movements of boats, there is no certainty that even passed potatoes will arrive in Auckland in anything like sound order. The Kaitoke, due to leave early this week, will not now sail until Friday, one cause of the delay being that it 13 holiday somewhere or another in the North Island, and it is n. 3 cheap to hold n vessel in Lyttelton for a day as elsewhere. Fairly large quantities of potatoes ore going to Lyttelton, but the rejections are very heavy. There ia no certainty as to the Kuitoke'a quantity, although it is understood that last week's estimate of 7000 sacks will be near the mark—that is. if the proportion of rejections gets no heavier. The Whangape . leaves on June 2, and a third vessel towards the end' of next week. Over the fortnight, represented by these sailing?, it is estimated that up to 20,000 sacks will be shipped. A proportion of the sales has taken I place at £8 per ton, at country stations, for prompt delivery, but morchanis arc generally offering £7 10s to £7 15s for whiles and to £7 5s for reds. The merchants' basis of business with Auckland is up to ±'9 10s, f.0.b., sacks in, for prompt delivery, and up to £lO 10s for July-September delivery. Chaff is a shade easier, doubtless due to the report that Auckland has bought 1000 tons of " dumped" chaff from Australia. Oat 3 aTe inclined to be firmer, with no change to report in values. The pea market is very strong, sales having been made at up to 83 6d, f.0.b., equal to 7s 6d to 7s 9d at country stations. The remarkable firming of the Home market ha 3 been unexpected in local circles. Millers are buying wheat freely, and the standard has been slightly relaxed. Fowl wheat is firm at 4s, at country stations. > SHEEPSKIN MARKET REPORT. The Dunedin Woolbrokors' Association CMessrs Dalgety and Co., Ltd., Todd Bros., Ltd., National Mortgage and Agency Company, Ltd., New Zealand Loan and Mercantile Agency Company, Ltd., Otago Farmers' Co-operative Association, Ltd., Donald Reid and Co., Ltd., Stronach, Morri3 and Co., Ltd., and Wright, Stephenson, Co., Ltd.) report as follows: The following is the range of prices:—Halfbred full wool, -12 id to 16d; halfbred halfwool, 12d to 13d; halfbred quarter-wool, 9d to lljd; fine crossbred, 13Jd to 14Jd; fine cross half-wool, BJd to ]OJd; crossbred, 8d to lljd: crossbred half-wool, 9d to 9Jd; crossbred quarter-wool, 8d to B£d; lambs, JOd to Hid; fine crossbred hogget, lljdto 13Jd; crossbred hogget, lOd to lljd; pelts, to CJd.

HAWKESBURY STUD STOCK SALE. TOTAL REALISED 3014 GUINEAS. The sale last week of Jersey cattle and Shetland ponies bred by Mr Charles Goulter, of Blenheim, was highly successful. The following were among the prices realised for the cattle: STUD COWS. Hawkcsbury Gem, torn 15/1/1919, ty Hawkesbury Majestic, dam Hawkcsbury Empress—John Robb (Wanganui), 89gs. Hawkesbury Silver Leaf, 6/11/1919. _hy Hawkesbury Majestic—Hawkesbury Sylvia— H. Walker (Raugiora), lOOgs. Hawkesbury Bluebell,, 811/1919, by Hawkesbury Majestic—Hawkesbury Beauty—W. H. Smith (Nelson), 25gs. Majesty’s Jersey Lily, 23/7/1912, by Soumiso Majesty (imp.)—Lily of Jersey Second (imp.)— Mrs E. Rose (Blehoim), 35gs. Soumiso Jersey Lily, 2/9/1911, by Sourmae Majesty (imp.)—Lily Jersey Second (imp.) Mrs P. A. Watt (Warepa), 66gs. Hawkesbury Sylvia, by Soumise Majesty (imp.)—Silver Queen Soumise—E. 11. Barton (Blenheim), 190 gs. Princess Darlde Soumise, 30/8/1912, by Soumiso Jack (imp.)—Princess Fifth—John Robb (Wanganui), 80ga. Combination Jersey Lily, 23/8/1918, by Soumiso Jack (imp.)—Soumiso Jersey Lily —H. B. Benge (Feilding), 47gs. Hawkesbury Princess Mary, 29/10/1917, by Hawkesbury Golden Cloud—Princess- Darkle Soumise—A. M. Galbreath (Tahakopa), 200 gs. Hawkesbury Water Lily, 10/10|1916, by Grannie’s Knight—Combination Jersey Lily E. H. Barton (Blenheim), 120 gs. Hawkesbury Violet, 14/9/1919, by Strathmore Prince Pox—Hawkesbury Peeress'—John Robb (Wanganui), HOgs. Hwkesbury Rosebud, 6|9/1919, by Strathmore Prince Fox—Hawkesbury Grannie's Lily —John Robb (Wanganui), XOOgs. Hawkesbury Snowdrop, 7/9/1919, hy Strathmore Prince Fox—Hawkesbury Snow Lily W. I. Fallows (Auckland), 90gs. Hawkesbury Buttercup, 28/11/1919, by Strathmore Prince Fox—Hawkesbury Grace C. T. Seymour (Blenheim), 69gs. TWO-YEAR-OLD STUD HEIFERS. Hawkesbury Combine, hy Hawkesbury Majestic—Combination Jersey Lily—E. H. Barton (Blenheim), 71gs. Hawkesbury Soumiso Bud, by Hawkesbury Majestic—Soumiso Empress—Mrs E. Lewis (Nelson), Bogs. Hawkesbury Ox-eye Daisy, by Hawkesbury Nobleman—Hawkesbury Daisy—Mrs Rose (Blenheim), 70gs. Hawkesbury Cynthia, hy Strathmore Prince Fox—Hawkesbury Princess Royal—Bosselli Bros. (Westport), 72gs. STUD YEARLING HEIFERS, Hawkesbury Columbine, by Hawkesbury Majectic—Combination Jersey Lily—W. I. Fallows (Auckland), sGga, Hawkesbury Empress May, by Hawkesbury Majestic—Hawkeajrury Empress—H. B. Benge (Feilding), 44gs. Hawkesbury Lily Blossom, by Hawkesbury Nobleman—Soumise Jersey ,Lily—R. F. Goulter (Blenheim), 60gs. Hpwkeabury Crocus, by Hawkesbury Flandrlnes Swan—Hawkesbury Majestic Girl —S. N. Wearing (Nelson), 38gs. Hawkesbury Marigold, by Hawkesbury Flandrincs Swan—Hawkesbury Buttercup— W. I. Fallows (Auckland), 50gs. STUD HEIFER CALVES. Hawkcsbury Rosebud’s Leaf,- by Hawkesbury Nobleman—Hawkesbury Rcteebud—H. B. Benge (Feilding), 64gs. Hawkesbury Darkness, by Hawkesbury Nobleman—Princes Dark Soumise—Mr Avery (Pukehou), 60gs. Hawkcsbury Wild Daisy, by Hawkesbury Eclipse—Hawesbury Ox-eye Daisy—Mrs Rose (Blenheim), 25gs. Hawkesbury Flirt, by Hawkesbury Eclipse —Hawkesbury Combine—Harold W. Toylor (Kamo), 50gs. Hawkesbury Heather, by Hawkesbury Flandrincs Swan—Hawkesbury Buttercup— C. Gocdson (Hawera), 35gs TWO-YEAR-OLD STUD BULLS. Hawkesbury Lily’s Mars, by Hawkesbury Nobleman—Soumise Lily (imp.)—E. H. Barton (Blenheim), 155 gs. STUD BULL CALVES. Hawkesbury Gale, by Hawkesbury Nobleman—Soupiise Empress—H. Moreland (Hamilton), 75gs. Hawkesbury Wanderer, by Hawkesbury Nobleman—Hawkesbury Marquise—M. R. Murphy (Gisborne), 75gs. Hawesbury Snow Storm, by Hawkcsbury Nobleman Hawkesbury Snowdrop —. W. Brownlie (Havelock), 54gs. Hawkesbury Boxer, by Hawkesbury Nobleman—Hawkesbury Violet—S. J. Atkinson (Westport), 40gs. Hawkesbury Firewater, by Hawkcsbury Nobleman—Hawkesbury Wiltsr Lily—M. R. Murphy (Gisborne), 23gs. Hawkesbury Whisper, by ’ Hawkesbury Nobleman—Hawkesbury Princess Mary—G. Cowling (Manaia), 56gs. Hawkesbury Wistful, by Hawkesbury Plandrines Swan—Hawkesbury Golden Blossom— Mr M'lsaacs (Ward), 15gs. Hawkesbury Major, by Hawkesbury Flnndrines Swan—Hawkesbury Soumise Lily—F. Foulkner (Takaka), 50ge. Hawkesbury Thunder, by Hawkesbury Flandnnea Swan—Hawkesbury Majestic Lily —D. M’Callum (Nelson), 29gs.

Paris, Ir. to £1 ■■■ ... 25.255 BU.70 BH.Vo Cliriptiania, kr. to £1 ... 18.150 29.10 28.45 Copenhagen, kr. to £1 ... 18.159 24.SO 25.03 Stockholm, kr. to £1 ... 18.150 17.35 17.37 Berlin, marks to £1 ... 20.25 21 50,000 : 280,000 Home, lire to £1 ... ... 22.22J 9G 98J Montreal, dol. to £1 ... 4.88 4.7QJ 4,73ft New York, dol. to £1 ... 4.86 4.623 4.m Hongkong, dol. to £1 * 28 M. 28J<1 Yokohama, Bt. to yen ... 21.50 25}d 25ga Calcutta, st. to rpo. 10 to pold £1 I 16Jd 16Jd