COMMERCIAL.

Otago Daily Times, Issue 19532, 15 July 1925, Page 8

COMMERCIAL.

RABBITSKIN MARKET REPORT. The Dunedin Stock Agents and Woolbrokers’ Association (Messrs Donald Reid and Co., Dalgety and Co., Stronach, Morris, and Co,. Otago Farmers’ Co-operative Association, Wright, Stephenson, and 00., National Mortgage and Agency Company, New Zealand Loan and Mercantile Agency Company) reports as follows: —Owing to wet weather prevailing throughout the country the quahtity offered was not quite so large as late sales. Winter bucks sold at 2d to 8d above last sale, while winter does were firm at late rates. The following is a list of quotations: Select bucks, 98Jd to 07Jd; select does, 96Jd to 97Jd; prime bucks, 95Jd to 97d; prime doee, ~9lJd to 97id; first winter bucks, 94J'd to 95id; first winter does, 86td to 90d; second winter bucks, 75d to 91Jd; second winter does, 70d to 79id; early winter, 85id to 90Jd • first incoming, 7GJd to 61Jd; second incoming, 61id to 68Jd; late autumn, 67Jd to 69Jd; early autumn 47Jd to 56fd; prime racks, 42 Jd to 43d; light racks, 40d to 42Jd; summers, 37id to 41Jd; runners and suckers, 27Jd to 32d; summer broken, 34d to 41Jd; autumn broken. 51 Jd to 53Jd; winter broken, 60d to 64Jd, summer black, 40Jd to 40Jd; autumn black, 58Jd to S9}d; first winter black, 85Jd to 89d; fawn, 61Jd to 65Jd; winter fawn, 90Jd to autumn bloodstained, 47Jd to 54Jd; winter blood-stained, 65Jd to 70Jd; springs, 51d to 54Jd; outgoing does 661 d to 70id; outgoing, 58Jd to 60d; hareskins, 50Jd to 60Jd; milky, 40d to 44d; horsehair, 21d. The Otago Farmers’ Co-operative Association of Now Zealand (Ltd.) has received the following cablegram from its London office : For the rabbitskin sale on the 22nd inst. 2200 bales have been catalogued. Medium and good qualtities are expected to hold firm, but others may be easier. APPLE SHIPMENTS TO LONDON. The Otago Provincial Fruitgrowers’ Council (Ltd.) has received the following cable from Messrs Geo. Monro (Ltd.), of London: Port Wellington apples arrived in good condition, and are selling; Sturmers, 16s to 18si Doughterys, 18s to 18s 6d; Crofton s Pioneer (Tasmania), 15s to 16s; Washingtons 14s to 15s. The apples by the Athenic and ’ Argyllshire are generally good, but in the soft varieties there was some waste. Trade is very slow The Athenic carried 291 cases and the Argyllshire 13,160 cases of Otago apples. LONDON WHEAT MARKET. Press Association—By Telegraph—Copyright. LONDON,- July 13. (Received July 14, at 8.30 p.m.) Wheat cargoes are firm at from 6d to 1s advance under strong Winnipeg and American options. Parcels are in fair demand at .Id to Is advance. Sales have been made at 34s 6d to 55s lid—A. and N.Z. Cable. FOREIGN EXCHANGE RATES. Press Association—By Telegraph—Copyright. LONDON, July 13. The exchange rates are as follow: Pnr. Julv f). July 1.1. Paris, Ir. to £1 25.*’* 103,65 103.45 Brussels, Ir. to £1 M.22i 105.15 104.45 Oslo, kr. to £1 18.10 -7.5-. Copenhagen, kr. to £1 ••• 18,16 23.72 23.62 Stockholm, kr, to £1 ... 18.10 18.12 Berlin, reichmkn. to £1... 1H.50 20.4- -0.4New York, dol. to £1 ... 4.863 4.86 !' l6 4 * B6 S Montreal, dol to £1 ... 4.86 J 4.86 4.Bt> Home, lire to £1 20.22 13- 130 J Amsterdam, gull. to £1 12.107 J2.13J 12.13$ Batavia, guilders to £1 12.107 12.07 1--07 Yokohama, &t. to yen. ... 24.58 20$ 20* Calcutta, st. to rupee 10 to £1 24,00 18J 18J Hongkong, st. to dol. ... * 28g 28| • Varies with price ot silver.

NEW ZEALAND MEAT. The New Zealand Loan and Mercantile Agency Company (Ltd.) bag received the following cablegram from its London houac, under date 10th inst: Now Zealand frozen meat; Lamb, llgd pej; lb (average). Mutton: Wether and maiden ewe —light 7Jd per lb, heavy 63d per lb; ewe — light 53d per lb, heavy' 5Jd per lb. There is a better market. NEW ZEALAND FARMERS’ CO-OPERA-TIVE ASSOCIATION, CANTERBURY. (Psa Dnitkd Press AaaooiATioK.i AUCKLAND, July 14. The Stock Exchange passed a resolution supporting the Christchurch protest against the proposals by the directors of the New Zealand Farmers’ 00-operative Association, Canterbury, regarding preference shares, being of opinion that such proposal would be a breach of faith with the preference shareholders. 8 CANTERBURY MARKETS. (Per United Press Association.) CHRISTCHURCH, July 14. Potatoes are firmer than they have been for some time; this being due to over-sellers buying to cover commitments. It is reported that potatoes have been sold for July delivery at as high as £6 ss, f.o.b. s.i. There has been no steamer for Auckland for some little time, and the Katoa, which is to sail on Friday or Saturday next, will not &e able to take a great quantity because her space hag had to be cut down. The next vessel to go north will bo the Kawatiri. The recent wet weather has had a bad effect on the undug crops, and in many instances the ground is so water-logged that digging is at present out of the question. Owing to these conditions, it is likely that some potatoes will not be worth digging at all. Business in onions is just about finished. As a rule it stops at about the end of Juno but this year it has run into the present month. There is a better inquiry for ryegrass, both perennial and Italian. Machiuo-dresaed i perennial has been sold at up to 5s 9d pci bushel. Holders are now asking 6s, f.0.b., 261 bto 28lb seed. Italian lias been sold at 4a 6d for machine-dressed seed, and holders are asking 4s 3d, f.0.b., for it. There has been no change in the price oi Akaroa seed, which is quoted at lid per for dressed, and holders are firming their ideas of values. Indications from London are that the Danish market is improving. Quotations for this seed have been received at 83e, c.i.f., for new crop. Reports are that Denmark is likely to have a good crop, and whether these prices will hold remains to be seen. The clover market is unchanged. BRISBANE WOOL SALES. GOOD PRICES OBTAIN. Press Association —By Telegraph—Copyright. BRISBANE, July Jl. (Received July 14, at 9.30 p.m.) The wool sales wore resumed to-day. There wag good general competition, but the market was 5 per cent, to 10 per cent, below the last sales. These prices, however, are regarded as satisfacory. LONDON WOOL SALES. PreM Association —By Telegraph—Copyright. LONDON, July 13. (Received July 11, at 8.40 p.m.) At tho wool sales there woe a limited selection of good greasy wools. Prices were firm and unchanged. New Zealand croasBrod “Evcrsley” realised 14id to 133 d. The Bradford tops market is dull, and buyers are hesitant, showing little response to the Australian reports.—A. and N.Z. Cable. APPLE PRICES WEAKER. Press Association —By Telegraph—Copyright. LONDON, July 13. (Received July 14, at 8.30 p.m.) The apple market is weaker and prices are declining owing to the large supplies of soft fruits.—A. and N.Z. Cable. ■ CHICAGO WHEAT MARKET. Press Association— By Telegraph—Copyright. NEW YORK, Jifly 13. Chicago wheat: July 157 cents per bushel, September 154, December 154 J.—A. and N.Z. Came.