COMMERCIAL.

Otago Daily Times, Issue 19124, 19 March 1924, Page 6

COMMERCIAL.

LONDON MARKETS. The New Zealand Loan and Mercantile Agency Comoany have received the following cablegram from tbeir London house, under date,° March 14: NEW ZEALAND FROZEN MEAT. Lamb, lOgd per lb. ..., Mutton; Wether and maiden ewe— light U.d per lb. heavy 7id per lb, ewe-light 6gd per lb, heavy Gfd per lb. NEW ZEALAND DAIRY PRODUCE. Butter: Choicest salted, 170 s to 174 s per cwt. Tho demand is improving. Cheese, 84a to 86a per cwt. The market is quiet. LONDON METAL MARKET, press Association—By Telegraph—Copyright LONDON, March 17. (Received Mar. 18, at 7.45 p.m.) Copper: Spot, £65 13s 9d; forward, £66 8s 9d. Lead: Spot, £36 10a; forward, £35 10s. Spelter; Spot, £35 12s 6d; forward, £35 7fl fid. Tin; Spot, £282 2s 6d; forward, £283 2s fid. Siieer, 33 7-16 d per oz.—A. and N.Z. Cable.

FOREIGN EXCHANGE RATES. Association—Hy Telotrraph—CopytiifW Paris fr. to £1 Brussels, fr. to £1 ... kr. to £1 Copenhagen, kr, to £1 Stockholm, kr. to £1 New York, dol. to £1 Montreal, dol. to £1 Homo, lire to £1 ... Hongkon#, dol. to £1 Yokohama, st. to yen The exchn to th'-e pound N.Z. Cable. LONDON 'WOOL MARKET, free* Association—By Telcirroph—Copyright LONDON, March 17. ("Received Mar. IS, at 7.45 p.ni.) Bradford tops arc quiet and steady. Tnerc is a good tone for crossbreds, but mtly a small inquiry for merinos.—A. ana A./.Cable. CANTERBURY MARKETS. (Per United Press Association.) CHRISTCHURCH, March 18. Business continues on the quiet side an eagerly anticipates the swag of orders t ror ” the North Island which the recent rams were expected to bring forth and has not yc materialised. . Linseed is offering very freely and prices havo dropped during the past few days bj 10s per ton. , Wheat is coming in very slowly, and merchants are hoping that the Government will brino* in Australian wheat. Owing to tn few offerings made by the growers they are assuming tha-t there is Utile wheat bem*. Cocksfoot is easier and the lack of orders from the North Island is being felt conSK Chaff still in a low state, the f.0.b.,5.i. price being below what the merchants can purchase at from the farmers, who appear to have a high idea of values. Cowgrasa is hard to sell owing to quotations in respect of imported seed, but it understood that several bookings have not been confirmed. DAIRY PRODUCE. Messrs A. 8. Paterson and Co, are in receipt of the following cablegram from Messrs. J. and J. Lonsdale and Go., London, dated March 17: Butter: The market is dull at 168 s. Cheese: The market is quiet at 84a. GRAIN AND PRODUCE. Messrs Donald Reid and Co. report; Oats.—The market remains practically unchanged. Duns and Algerian are in great demand for sowing lor green feed. Ruling rates are well maintained, with the demand for immediate use. Shippers cannot operate, so values may be expected to ease at any time now. We quote: A Gartons, 4s 2d j B Gartons, 4s (sacks extra). Wheat.—Millers are keen after everything fit for milling purposes at fixed rates. j.owl wheat is wanted in any quantity. We quote: 5s per bushel (sacks extra). Chaff.—There is barely enough coming forward for local feeders, and this, no doubt, is keeping the market in a buoyant state. We quote: .Beat feed, X'7 to £7 10s (sacks extra). Potatoes.—The local market is now fairly well supplied. Prices eased considerably during the week. Consignments are coming freely. We quote: Beet table, £7 10s (sacks in). Messrs Dalgety and Co. (Ltd.) report: Oats.—Offerings for prompt delivery have not been plentiful, and any lines available for immediate delivery have been readily sold at quotations. Wo quote: A Gartons, 4s 2d; B Gartons, 4s per bushel (sacks extra). Wheat.—Fowl wheat is ft. short supply, and values remain firm at 5s per bushel for good, whole fowl wheat. Any lines suitable for milling are being taken by millers at agreement prices. Potatoes.—Owing to increased supplies values have receded considerably, and good tables are now realising up to £7 10a per ton. Chaff.—Consignments are not coming forward very freely, and the local demand is sufficient to absorb the few trucks arriving, i rimo oaten sheaf chaff is worth £7 to £7 10s per ton, sacks extra. SHEEPSKIN MARKET REPORT. The Dunedin Stock Agents' and Woolbrokers’ Association (Messrs Stronach, Morris, and Co., Dalgety and Co., Wright, Stephenson, and Co., Todd Bros., Donald Reid and Co., The Otago Farmers’ Co-opera-tive Association, The New Zealand Loan and Mercantile Agency Company, and the Rational Mortgage and Agency Company ol New Zealand) report as follows: Moderately-sized catalogues were submitted to a large attendance of buyers yesterday. Bidding for ail classes of skins was exceptionally keen, and prices realised were on a. par with those obtaining at last sale, with the exception of all classes of crossbreds, rulin'* values being slightly in sellers’ favour. Halfbreds: Full-wool, to 24id; half-wool, 17Jd to to 19R1; quarter-wool, to 16Jd; dead, 18|d to 20d. Merino: Full-wool, Mid to 174 dto 19id; quarter-wool, 14id to IGJd; dead, to 20£d. Crossbreds (fine); Full-wooi, 18Jd to 20d; half-wool, 16d to 17(d; quarterwool, to 16Jd. Crossbreds (medium), 3d to 3d lower (all classes). Lambskins, 16id to 18d. Pelts, to 14d; black, to 9Jd; double fleece, to 13d.