COMMERCIAL.

Otago Daily Times, Issue 19250, 14 August 1924, Page 6

COMMERCIAL.

LONDON SHARE MARKET. Press Association—By Telegraph—Copyright. LONDON, August 13.(Received Aug. 14, at 5.5 p.m.) P. and ()., £285 (buyers), £295 (sellers);. Bank of Australasia, £l3 IBs 3d; Bank of New South Wales, £39 15s; National Bank of New Zealand, 130 s; Bank of New Zealand, £9O 15b and 58s; New Zealand Loan and Mercantile (ordinary), £9l 10s.—A. and N.Z. Cable. NEW YORK EXCHANGE RATE. Press Association—By Telegraph—Copyright. NEW YORK, August 12. (Received August 13, at 7.10 p.m.) Sterling has reached 4.532 dollars, representing an overnight decline of three cents. The Continental exchange remained stationary. Observers anticipate a renewed advance of sterling.—A. and N;Z. Cable. THE EGG MARKET. •The following cablegram has been received by Messrs Fraser and Co. from their London agents; Irish new-laid eggs, IBs 6d to 17s 3d per 130 eggs. Market inquiries are coming to hand for New Zealand eggs. FRUIT EXPORT TRADE. The Otago Provincial Fruitgrowers’ Council (Ltd.) advise receipt of the following week-end cablegram from the High Commissioner:— Oddments from. Arawa and Raranga are being cleared up. The balance of tho Otago consignment is still held and is in good condition. The sales are slow at from 15s to 20s per case. PROPERTY SALE. Messrs Francis, Sellars, and Co. offered for sale by auction yesterday part section 78, block 32, containing 24.34 poles, with an eight-roomed residence thereon, situated at 786 George street. The property was eventually passed in, the highest bid being £2050. EABBITSKIN SALES. The Dunedin Stock Agents and Woolbrokers’ Association (Todd Bros., Dalgety and Co., Otago Farmers’ Co-op. Association, D. Reid and Co., N.Z. Loan Co., Stronach, Morris, and Co., Wright, Stephenson, and Co., National Mortgage and Agency Co.) report as follows;—The usual fortnightly sale was held on Tuesday last, when larige catalogues were again submitted to a full attendance of buyers. Competition was keen throughout, and all grades ruled firm at previous sale’s rates. Quotations:—Prime winter bucks, 97Jd to 98jd; prime winter does, 83Jd to 87Jd; first winter bucks, 94Jd to 97a; first winter does, 71d to 78,3 d; eecond winter bucks, 70)d to 88ffd; second winter does, 53Jd to Bljcl; first spotted 60d to 704 d; early winter bucks, 72Jd to B5Jd; early winter does, 71Jd to 72Jd; incoming, BBid to 72Jd; late winter bucks, 48d to 561 d; late winter does, 46d to 57d; first winter broken, 45d to 4?id; second winter broken, 37d to 44d; springs, 38id to 40-id; late autumns, 53d to 59Jd; early autumns, 42Jd to 493 d; autumn broken, 31d to 36Jd; prime racks, 37d to 38)d; light racks, 323 d to 33id; summer, 30d to 33Jd, milky does, 32d to 33Jd; runners, 20d to 23d; first winter black, 72Jd to 79Jd; second winter black, 56d to 69d; autumn black, 43d to 4Cd; first winter fawn, 76Jd to 80d; autumn fawn, 40d to 46d; hareskina, 33d to 42id; horse hair, 291 d to 23d. A cablegram from London states that gold is quoted at £4 10s 8d an ounce.