COMMERCIAL.

Otago Daily Times, Issue 18899, 27 June 1923, Page 6

COMMERCIAL.

FOREIGN EXCHANGE RATES. Press Association—By Telegraph—Copyright LONDON, June 25. London on Far June 21. June 25. Paris, fr to £1 25.255 74.35 74.67 Christiania, kr. to £1 ... 18.159 27.85 27.33 Copenhagen, kr. to £1 ... 18.159 25.75 25.83 Stockholm, kr. to £1 ... 18.159 17.43 17.49 Berlin, marks to £1 20.25 630,000 630,000 Home, lire to £1 22.22 J 101 J 103* Montreal, dol. to £1 4,86" 4.724 4.72 J New York, dol to £1 4.88 4.61| 4.61| Hongkong, dol. to £1 ... • 27J 2.’i Yokohama, et. to yea ... 21.60 25Jd 25Jd Calcutta, st. to rpe 10 to gold £1 16 l-8d 16 X-8d ’Determined by price ol silver. —A. and N.Z. Cable. LONDON SHARE MARKET. Press Association—By Telegraph—Copyright LONDON, Juno 25. Waihi shares are quoted at 24s 3d (buyer) and 25s (seller). —A. and N.Z. Cable. APPLE PRICES. Press Association—By Telegraph—Copyright LONDON, Juno 25. Apples are steady. The Baradinc’s cargo from New South Wales brought the following prices:—xvome Beauties, 16s to 18s; Granny Smiths, 22s to 245, A few of the Ruahmo’s New Zealand Cox's were sold at exceptional prices, ranging from 30s to 40s. The Raranga’s and Mahia’s New Zealand apples are discharging in good condition. The Leitrim’s Tasmanian apples, discharged at Liverpool, mad© the following prices: —Clcopatras, 15s to 18s; Stunners, ■l3s to 15s; Crabs, 13s 6d to 15s 6d; others, 12s to 14s 6d. —A. and N.Z. Cable. Messrs T. Boss-Walker, of Hobart, are in receipt of a cablegram from Messrs Yeoward Brothers, reporting the sale of their shipments of Tasmanian fruit, ex the Orestes, jn Hull, and the Somerset and Zealandic, in. Liverpool, as follows; —Orestes: Jonathans, 15s 6d; Stunner Pippins, 14s 6d to 15s. Somerset and Zealandic; Cleopatras, 14s to 16s; Stunner Pippins, 14s to 15s; Jonathans, 13s to 15s; Scarlet Nonjareils, 13s to 14s. Messrs Yeoward Brothers add that they are now selling their shipment ex the Anchisos, and that the prices realised so far show an advance on those quoted. Mr H. Turner has received tho following cablegram from Messrs Yeoward Bros, in regard to prices realised by ihem for Otago apples ex Ruahine: —The fruit arrived in good condition. Cox’s Orange Pippin, 20s to 30s; Jonathans and Dunn’s, 15s to 17s; Statesman, 15s 6d; Sturmer, up to 15s. The Otago Central Fruitlands (Ltd.) are in receipt of the following cablegram from Lon don with regard to their shipment of apples by the Ruahine:—Ruahine condition good. Cox’s Orange Pippin, 75 at 30s; balance, 20s to 265; Jonathans, 15s to 17s; Shoreland Queen, bulk 16s. Market lower, FROZEN MEAT AND DAIRY PRODUCE. New Zealand Loan and Mercantile Agency Company have received the following cablegram from their London house, under date June 22: New Zealand frozen meat: Lamb and beef, quotations unchanged. Dairy produce: uniter (salted), 150 s to 152 s per cwt; market quiet. Cheese, 86s to 94s per cwt; email supplies available.

LONDON METAL MARKET. Press Association —By Telegraph—Copyright LONDON, June 25. (Received June 26, at 11,10 p.m.) Copper: Spot, £63 IGs 3d; forward, £G6 Gs 3d. Lead: Spot, £25 2s 6d; forward, £24 7s Gd. Spelter; Spot, £2B 10s; forward, £23 15s. Tin; Spot, £IBB IGs 3d; forward, £lB9 8s 9d, Silver, 31Jd per oz. —A. and N.Z. Cable. -RADFORD WOOL MARKET. Press Association—By Telegraph—Copyright LONDON, Juno 25. The Bradford wool market is quiet, with a tendency to sell small quantities below normal quotations.—A. and N.Z. Cable. LOCAL WOOL SALE. The Otago Farmers’ Co-operative Association reports having offered for sale a catalogue of 85 bales of wool, of which 98 per cent, were sold at auction. The following are some of the prices realised: —Bar over A over Minaret, 2 bales halfbred, 17Jd; Kye, 2 bales halfbred IGJd, 2 bales halfbred, seedy, 14Jd, 1 bale halfbred 15d; 2 horseshoes, 1 bale halfbred ewe 16d, X bale scoured merino was passed in at 25d, 1 bale scoured crossbred passed in at 12d; bar over A over Minaret, 1 bale fine crossbred 13Jd; C2, 3 bales crossbred lid; Kye, 1 bale crossbred lid, 1 bale hogget 13 id; half-circle over EC over Paliaua, 1 bale crossbred ewe IOJd, 3 bales crossbred seedy B^d; DC over Gleni view, 1 bale crossbred lOd; bin, 3 bales i crossbred 104 d, 2 bales crossbred 124 d; J 5 . in circle, 1 bale crossbred 11 id; Z over 3S • over A over Minaret, 1 bale crossbred lOd, 1 1 bale crossbred 9d, 1 bale halfbred pieces lOd, j 2 bales eye clippings BJd; Kye, 1 bale first pieces BJd, 1 bale bellies and locks 7Jd; 80, 1 bale first pieces BJd. WHEAT CARGOES. Dress Association —By Telegraph—Copyright ; LONDON, Juno 25. (Received June 26, at 5.5 p.m.) Wheat cargoes are dull at 3d lower, owing to liberal world shipments. Parcels are quiet, and occasionally show a decline of ‘ 6d.—A. and N.Z. Cable; r CANTERBURY PRODUCE MARKET.' CPex United Press Association., CHRISTCHURCH, June 26. ; All-round inactivity still prevails on the - local market, ‘and few lines are moving. White potatoes are being quoted locally at . £8 to £S Sa per ton. As far as actual business is concerned, the market is extremely . quiet, and not a great deal is offering. _ Merchants are shipping practically no supplies to the north. The seed market is quiet, and prices axe unaltered. Ryegrass is active, and prices are firm, but very little is offering. A good inquiry is forthcoming for cowgrass, and up to Is has been quoted for the best seed. There is a good demand for fowl wheat, and sales are reported at 5s f.o.b. for forward delivery. The best milling wheat is eagerly accepted when any parcels come forward, but these are comparatively few in number. SALE OF FRIESIANS. EXCELLENT PRICES. (From a Correspondent.) WANGANUI, June 26. A few weeks ago Jersey cattle in Taranaki were sold for sensational prices, and now the Friesians are having their turn. The popularity of this breed received a remarkable demonstration at a dispersal sale of Mr John Donald’s famous Westmeath herd. The gathering was the most representative ever seen in New Zealand, and in addition three Australian States were represented. The weather was perfect, and the sale was conducted under ideal conditions. Every animal offered was tested for tuberculosis prior to the sale. The total received exceeded £11,090. Forty-seven cows averaged 108 guineas, 22 two-year-old heifers 129 guineas, 6 yearling heifers 93 guineas, 6 bulls 95 guineas, and 21 1 heifer calves 72 guineas. The top price (535 guineas) was a record auction price for New Zealand, the previous best being 510 guineas. The average price was also a record for all breeds for a herd of 100 or over. Twenty-one head were sold for export, the balance being distributed to every part of the dominion. Competition was spirited throughout, one hundred odd lots being sold in 4J hours. During the sale the auctioneers (Messrs Wright, Stephenson, and Co.) announced that it was their intention to finance, future purchases by dairy farmers of purebred butterfat bulls of all breeds, payment to be made on the time-purchase system. The announcement was received with applause. The principal sales were as follows: Cows. —Segis Rose Fayne, Messrs Henry Collins and Co., South Australia, 240 gs; Pride Fayne Segis, Mr D. Ross, Hairini, 155 gs; Westmoro Grace Pietje, Mr Collins, 250 gs; Stella do Kol, 535g5; Westmere Pietje Forbes, Dr Cameron, Paraparaumu, 280ga; Aloartra Rozine De Kol, Mr A. W. Chapman, Hamilton, 2Oogs; Westmere Duchess Netherland, Mr Collins, 170 gs; Woodcrest Duchess Paul, Mr Collins, 290 gs. Two-year-old Heifers. —Carlyle Jessie Abbekerk, Mr G. Checkley, Pahialua, I9Qgs; Carlyle Pieterje Bell, Mr D. Ross, Hairini, 185 gs; Westmere Segis Bello, Dr verge, Sydney, 140ga; Westmere Pontiac Segis, Mrs rl. T. Paul, Kairanga, ISOga; Carlyle Neath Do Kol, Mr D. Ross, 200 gs; Westmere Pontiac Joannah, Messrs Henry Collins and Co., South Australia, 190 gs; Carlyle Pietje Forbes, Messrs Brown Bros., Thames, 180 gs; Westmere Pontiac Maida, Mrs Paul, 235g5; Carlyle Duchess Paul, Messrs Jolly Jbroe., 300 gs. Heifer Calves. —Westmere Pontiac Count ess, Mr H. Cook, Nelson, 161 gs; Westmere Pieterje Colantha, Mr H. R. Green; Kairanga, 125 gs; Westmere Pontiac Lassie, Mr J. T. Tweedle, Melbourne, 1 lOga; _w catmere Pontiac Ormsby, Mr Tweedle, 160 gs; Westmere Pontiac Duchess, Piri Land Co., Waikato, loOgs. ' Bull. —Westmere Pontiac Artis, Mr S. Rofe, New South Wales, 180 gs. Bull Calf.—King Woodcrest Pontiac, Mr J. , W. Peake, 170 gs.