COMMERCIAL.

Otago Daily Times, Issue 19196, 12 June 1924, Page 6

COMMERCIAL.

LONDON WHEAT MARKET. Prcaa Association—By Telegraph—Copyright. LONDON, June 10. Wheat cargoes are firmer and occasionally higher, but tho demand is inactive. Parcels are firm, and show an occasional advance of 9d to Is.—A. and N.Z. Cable. LONDON, STOCK EXCHANGE. LONDON, June 10. Waihi shares are quoted at Jla 9d and P and O.’s at £283 (buyers) and £293 (sellers).—A. and N.Z. Cable. LONDON METAL MARKET. Press Aesociadon— By Telegraph—Copyright LONDON, June 10. (Received June 11, at 9.50 p.m.) Copper.—Spot, £6l 16a 3d; .forward, £62 13s 9d. Lead.—Spot, £33; forward, £3O. Spelter.—Spot and forward, £3l 15s. Tin.—Spot, £216 7a 6d; forward, £216 7s 6d. ( Silver, 33d per ounce.—A. and N.Z. Cable. —B -O NEW ZEALAND PRODUCE. RABBITSKINS. (From Our Own Correspondent.) LONDON, May 6. There has recently been a brisk demand for rabbitakina, Continental hatters offering slightly firmer prices. Furriers, on_ the other hand, have not shown much activity. A satisfactory improvement is reported in the hatting trade, and, provided supplies are not too large for the coming sea«ori in Australia and New Zealand, it seems likely that prices will remain at a high level for some time. At the same time recent c.i.f. quotations from Australia have been very high, and it is probable that they will receive a cheek as soon as the first rush is over, and conic down again to about the level of prices established in the last auction. Tho National Mortgage and Agency Company of Now Zealand give tiie following quotations for New Zealand skins; Per lb. d. d.

PELTS. A few of the present season’s North Island freezing polls recently arrived have found buycr»°<xt very full prices. London prices to-day arc about on a parity with f.o.b. prices in New Zealand. Shipments coming to London this year are likely to be much smaller than usual, as freezing companies have linen tcni-pted to dispose of their pelts locally, in consequence of the high prices obtainable in New Zealand on f.o.b, terms. The small supply coming to London seems likely to find buyers at prices which should be satisfactory to consignors, A few New z,cahuul butchers' and fellrnongers' polls have been sold here during the past month at very full prices. English sheep pelts., continue, to advance in nr ice, although getting poorer in quality. The National Mortgage and Agency Company quote: North Island Freezers.—Extra heavy sheep, 72s to 76s per dozen; super heavy do., 60s, 725; first do. do., 565, 645; second do. do., 41s,' 50s; -super light sheen, 565, 645; first do'do., Us SOs; second do. do., 325. 38s. Fan Hi Island Freezers.—Super sheep, SP« to 64s per dozen; first do., -IGs, 523; second do., 365, 423. Freezers.—Extra lambs, 36s to 40a per dozen; super do,, 325, 345; first do., 28a, 306; ECrond do., 225, 265. COLONIAL MUTUAL LIFE OFFICE. The business last year of the Colonial Mutual .Life Assurance Society constituted a record both in regard to volume of now business and surplus. Bonuses on whole life and endowment assurance policies in tho oidinary department range from £2 per cent, for tho first year up to £6 on policies of longest duration. In the industrial department the bonuses which are also declared annually, range from £1 tier cent, for the first year to £2 on policies which have been 10 years in force. In the accident department, as in the life department, tho mutual idea is also the keynote of the society’s policy, and tho surplus arising out of each year’s operations is distributed annually in the shape of bonns additions to the benefits conferred by tho policies. The Colonial Mutual Life completes its iubileo with over 300,000 policyholders.

DAIRY PRODUCE. Messrs A. S. Paterson and Co. are in receipt of the following cablegram from Messrs J. and J. Lonsdale and Co. (Ltd.), Loi don, dated June 10: Butter is lirm at 170.. Cheese,—There is a good demand at 80s to 88s. PROPERTY BALES. Messrs James Samson and Co. offered for sale by auction yesterday, at their rooms, a freehold property at 18 Chambers street, North-East Valley, being a section with a six-roomed modern dwelling thereon. Tho bidding started ut £750, and the property was eventually sold to Air Bowie for .£1)25. Messrs N. and E. S. Paterson sold by auction yesterday ■ the freehold property of Air PI. Bolivorthy, .situated in Upper Cosy Dell. After some brisk bidding the property was sold at a satisfactory figure.r HORORATA'B APPLE SHIPMENT. The Otago Provincial Fruitgrowers’ Council (Limited) has received cable advice from the High Commissioner for New Zealand in regard to apples shipped by the Hororata, and prices arc as follows; C.0.P., 20s to 30s; Jonathan, 13s to IGs; London Pippin, 10s to 11s; Cleopatra, 14s to 18e; Statesman, )ss; Dunn’s, Ms lo 16s; Stunner, Its to IGs; Delicious, Its to 15s; Cox’s under ripe and Delicious over ripe. FOREIGN EXCHANGE RATES. Ptwia Association—By Telegraph—Copvrigb ,_ T/iNIiON, .lime 10. The exchange rates arc as follows; far. .lane 5 Jane 10 I’lins, fr. to £1 25.22 S 85.50 85.50 Ilntfeels, ir. to £1 ( ngt ns. 17 Christiania, kr lo £1 ... 18.159 ;n*72 ,11.ft7 Copenhagen, kr. to £1 ... 18.159 25.84 25.57 htoekholm, kr. to £1 ... 18,159 18,28 18.29 New York, tlol. to £1 ... .(,88 4.:iU 4 :iO T Montreal, tlol. to £1 ... .j,B« 4..18 4.175 Home, lire to £1 23.22” ;mi 9;u Yokohama, st to yen ... 21.5 221 oo; Calcutta, st. to fpe. 10 to gold 18 15rt8 18 15-17 Hongkong, re. to ilol. ... • 28J 29 The exchange rate on Berlin (par 30.15 marks to the £1) is IS l.illions,--A. ami X.Z. Cable. •Determined by price of Oliver.

Full winters, 11 iiii pelts (prime) .. 90 to 110 Full winters, t ■liiiv pelts (slightly spotty) 77 to 08 Full winters, 1 nedium and stout pelts 86 to 102 Ktirly winters and incoming 67 to 78 La to winters 52 to 71 Autumn 52 to 58 Fiir.ly autumns 41 to 49 Outgoing and •10 to 51 Autumn racks 30 to 43 Light rucks — to 41 Spring and snr Inferior mid inner rack? .. .. damaecd (fair to 36 to 41 k'Ood) 46 to 61 Inferior and da .marcel (medium to poor) 2:j to 4(5 Milky (.fair to 43 to 52 Milky (medium i to poor) 34 to 42 Kitten and sw — to 26 Black, a-ncl silv er •*"•>• furriers') 74 to 85 Ulack and silvi ar g-rey (ordinary) 3d to 18 Hart skins. •is 3d to 10s Gd oer dozen.