COMMERCIAL.

Otago Daily Times, Issue 19309, 22 October 1924, Page 6

COMMERCIAL.

PACIFIC STAHR-BOWKETT SOCIETY. At the annual meeting of the Pacific StarrBowkett Society last night the fifty-scoond appropriation of £SOO in the No. 2 group was disposed of by ballot, cluster 39 £eing drawn, the shares being held by one shareholder, at present resident in South Canterbury. The sixteenth appropriation of £IOOO by sale in the No. 3 group was disposed of by sale, the purchaser offering £46 per £IOO. The eighth appropriation in the No. 4 group’ was also offered for sale, and £BOO was knocked down to one shareholder at £45 per £IOO, and the remaining £2OO was purchased by another shareholder at £33 per £IOO. RABBITSKIN MARKET REPORT. The Dunedin Woolbrokers’ Association (Messrs Dalgety and Co., Todd Bros., National Mortgage and Agency Company, New Zealand Loan and Mercantile Agency Company, Otago Farmers’ Co-operative Associa tion, Donald Reid and Co., Stronach, Morris, and Co., and Wright, Stephenson, and Co.) [report as follow;—The usual fortnightly rabbitskin sale was held to-day, when medium-sized catalogues were offered to the usual attendance of buyers. There was good competition, and, considering that tho bulk of the skins offering are now offseason, the prices realised were very satis factory, and wore on a par with late ruling rates. Prime winter bucks, to 91Jd; first winter bucks, to 88Jd; second winter bucks, to 63d; early winter bucks, to 74Jd; prime winter does, to 84d; first winter does, to 78Jd; early winter does, to 72d; second winter does, to 6-lid; incomings, to GGJd; late autumns, to 65Jd; early autumns, to _ 47d; prime racks, to 40d; light racks, to ’3Bd; springs, to 13id; milky does, to 40d; summers, to 38Jd; first winter broken, *e 47Jd; second broken, to 42Jd; first winter black, to 75d; outgoing winter black, to 45id; first winter fawn, to 67d; hareakins, to 30id; horsehair, to 22d. CANTERBURY MARKETS. (Per United Press Association.) CHRISTCHURCH, October 21. The market is very quiet. A report of blight in tho Pukekohe crops has had influence so far as local prices are concerned. Potatoes produced in Canterbury this year have kept well, but at this late period of tho season their condition naturally requires hard picking over. There are fair consignments in store at Lyttelton and repacking will have to be undertaken before many pass the grader. Any northern demand that may eet in will have to be met from this quarter, as offerings from farmers are in such small lots as to suggest that there are very few in the country. The Karori is duo to leave to-morrow for Auckland, but the amount of her cargo is as yet unknown. Quotations to farmers are about £5 ss, on trucks. Some business is talcing place in next year’s tuliera at up to £4 a ton, on trucks. The pronounced advance in the cost of sacks makes the difference between the on trucks and the f.0.b., s.i. prices equal to over 5s a toe. Th© rains of the past fortnight have made a prospective difference of quite 20 per cent in wheat yields, but it is still considered likely that importation will be necessary. FOREIGN EXCHANGE BATES Proea Association—By Telegraph—Copyright. DONDON, October 20. (Received Oct. 21, at 9.20 p.m.) The exchange rates are aa follows: Par. Or*. 16. Oet 20. Paris, Ir. to £1 25.225 85,55 80.00 Brussels, fr. to £1 25.225 93.23 93.50 Christiania, kr. to £l ... 18.159 31,64 31.46 Copenhagen, Icr. to £1 ... 18.159 2G.01 26,16 Stockholm, kr. to £1 ... 18.159 15.85 10.87 New York, dob to £1 ... 4.80 4.49$ 4.49$ Montreal, dob to £l ... 4.86 4.48$ 4.49 Heme, lire to £1 22.22$ 102 J 103$ Yokohama, st. to yen ... 21,5 20 $ 20$ Hongkong, st. to yen ... • - 29 28J Calcutta, si- to rpe. 10 to gold £1 18 1-16 18J •Determined by price o£ sliver. The exchange rate on Berlin (par 20-15 marks to the £1) is 18$ billions.—A. and N.Z. Cable. BRADFORD TOPS. Press Association —By Telegraph—Copyright. LONDON, October 20. (Received Oct. 21, at 9.20 p.m.) Bradford tops are very quiet, and quotations axe maintained with slightly improved inquiry.—A, and N.Z. Cable. LONDON METAL MARKET. Press Association —By Telegraph-Copyright. LONDON, October 20. (Received Oct. 21, at 9.15 p.m.) Copper: Spot, £62 18s 9d j forward, £63 18s 9d. Lead: Spot, £36 2s 6d; forward, £34 17s 6d. Spelter; Spot, £33 7 s 6d; forward, £33 Gs 3d. , Tin: Spot, £251 7» 6d; forward, £253 la 3d. ■Silver: Standard, 3*jjd per oz; fine, 38 7-16 d per oz. —A. and N.Z. Cable. A cablegram from London states that ■Woihi eh area are quoted at 27a Cd.

PROPERTY SALES. Messrs E. L. Macaesey and Co. offered at auction at their rooms yesterday two properties. There was a good attendance ol buyers, and both properties were sold after keen competition. The first lot offered was a quarter-acre building section floating Elder street, which was sold to Mr Carrington for £735. Tho second lot offered was a six-roomed house in North-East Valley, with frontages to Black’s road and Mechanic street, which was sold to Mir Dunu for £1175. Five Harbour Board leaseholds were offered at auction for a term of 11 years by Messrs N. and E. S. Paterson yesterday. The properties, with the exception of one which was allowed to lapse, wore all sold lo tho present tenants. Tho same firm, acting on instructions from the Registrar of the Supreme Court, offered for sale a freehold and leasehold farm in the Akatore district, which was sold to Messrs Sievwright, James, and Nichol (as agents for tho mortgagee). SYDNEY WOOL SALES. Press Association—By Telegraph—Copyright. SYDNEY, October 20. At the wool sales all fine-quality wool was in strong demand. Competition was more general, and prices in some instances improved by 5 per cent, on last wook’e rates. Greasy merino gold up to 41d, come-backs to 40Jd (a record), and crossbreds to (also a record).