COMMERCIAL.

Otago Daily Times, Issue 19201, 18 June 1924, Page 4

COMMERCIAL.

LONDON MARKETS. The New Zealand Loan and Mercantile Agency Company have received the following cablegram from their London house, under date June 13; New Zealand Frozen Meat There is no change in the market. New Zealand Dairy Produce. Butter: Choice©t salted, 174 sto 178 s per owt. Cheese, 88s to 94s per cwt. The markets are Em. (Per United Press Association.) WELLINGTON, June 17. The National Dairy Association has received the following cablegram from its London office, dated Juno 13: Butter—Firmer; New Zealand, 174 s 6d; Danish, 162 s 3d; Dutch, 174 s sd; Australian best, 162 e 6d; Argentine best, 160 s 4d; Irish, 16S« to 170 fl. , , Cheese.—Firm; New Zealand white and coloured, 92s to 945; Canadian, 86s to BSs; Australian, 84s. CANTERBURY MARKETS. (Per United Press Association.) CHRISTCHURCH, June 17. Oats ate still on the quiet aide, although they aro firm. This applies to both spot and forward stuff, but there is a feeling that there are several sellers yet to cover their due commitments. Partridge peas seem to be still on the downward tread and recent advices from London show that there is little hope of improvement. Linseed has eased a little, and is now worth about 5a per ton less than last week. Chuff is firm and quantities are being railed south. Timaru has been supplied and in a tew instances chaff has been despatched even further south during the past week. Auckland is also inquiring for chaff, for the mason that the quality of the last Australian shipment was not very good. Seeds are still the same, but already inquiries are coming from the north for spring sowing. There are inquiries from Ireland for perennial ryegrass, and 28lb seed is being quoted at 10« per bushel, as the local crop is expected to bo exhausted before they arrive. There is a slightly better tone for potatoes in Auckland, and in consequence the merchants here are of the opinion that they will do better by hanging on to their stocks. The Atua sailed for the north on Monday with 2600 sacks, some of which were seed potatoes. The Navua. is expected to sail later this week with another small consignment of potatoes. FOREIGN EXCHANGE RATES. LONDON, June IG. The exchange rates are as follows: Par. Jam* 12. Paris, fr. to £1 25.225 81.35 78.40 Bnirt&ols, fr. to £1 25.225 04.50 00.12 Christiania, kr. to £1 ... 18.150 31.03 31.06 Copenhagen, kr. to £1 ... 18.150 25.58 25,60 Stockholm, kr, to £1 ... 18.159 16,22 16.27 Now York, dol. to £1 ... 4.86 4.31-J 4.32$ Montreal, dol. to £1 ... 4.86 4.38$ 4.30$ Borne, lire to £1 22.22$ 00 100^ Calcutta, ut» to rpe. 10 to gold 16 15-10 17 Yokohama, st. to yt*n ... 21.5 22 15-16 22$ Hongkong, »t. to clol. ... * 28? 28 •Determined by prioe of silver The exchange rate on Berlin (par 20.15 marks to tho £1) i? 18 billions. The improvement of tho exchange rate on Baris is clue to the ending of the political crisis.—A. and K.Z. Cable.

APPLE SHIPMENT. The Otago Provincial Fruitgrowers’ Council (Ltd.) has received cabled advice from Mr T. W. Attwood, London, regarding the Port Brisbane shipment: The apples generally were in fine condition except Cox's and London Pippin. Coxs being repacked, selling at 15s to 35a; Scarlet, lls 6d to 18s; Cleo., 11s to 20s; Spitzenburg, 13s to lls; Sturmera, 16s to 18s; Jonathan, % 6d to 18*; Newton, lls to 20s; Delicious not yet sold. Fruitlands Shorlandfl, 15s 6d; Cleo., 17s to 20s; Newton, 15s to 18s; Cox’s. 15a to 355. Others not yet sold. SOUTH ISLAND DAIRY FACTORIES. HIGHEST AVERAGE GRADES. The under-mentioned factories secured the highest average grades in the South Island for butter and cheese respectively from October 1, 1923, to April 39, 1924: Butter—Waitaki Dairy Company, Oamaru, 91.529; Akaroa Dairy Company, Akaroa, 93.765; Kiwi Dairy Company, Christchurch, 93.374. Cheese.—Rimu Dairy Company, Toa, 92.914 ; Stirling Dairy Company, Waianiwa Dairy Company, Waianiwa, 92.635. LONDON WHEAT MARKET. Press Association—By Telegraph—Copyright. LONDON, June 17. (Received June 17, at 5.5 p.m.) Wheat cargoes are firm at an advance of 6d owing to fears of damage to the American crop. Parcels are in good request at 6d to Is higher. Cargoes ex the King Cadwallon are quoted at 10s; ex the Rokos Vergottis, at 18s 3d. Parcels cx the Balranald are quoted at 18s 6d; and ex the Largs Bay at 18s 6d. Two thousand tons of New South Wales wheat has been sold at 48s. —A. and N.Z. Cable. LONDON METAL MARKET. Press Association—By Telegraph—Copyright. LONDON, June 16 (Received June 17, at 10.50 p.m.) Copper; Spot, £6l 16s 3d; forward, £62 13 S 9d. head: Spot, £32 17s Gel; forward, £3O 17s Cd. Spelter: Spot, £B2 ss; forward, £32 2s 6d. Tin: Spot, £222 2s Od; forward, £221 17e 6d. Silver, 342 d per oz. —Reuter.