COMMERCIAL.

Otago Daily Times, Issue 19800, 27 May 1926, Page 8

COMMERCIAL.

DAIRY PRODUCE. Messrs Joseph Nathan and Co. (Ltd.) Dunedin, are in receipt of a cablegram from London as follows: Butter, 169 a, 170 s. Cheese, 92s 935. Both markets are quiet. Messrs A. S. Paterson and Co. (Ltd.) are in receipt of the following cablegram from London, dated 25th inst.:---Butter: Quiet; 1695, 170 s. Cheese : Slow ; 925. OTAGO FRUIT. The Otago Provincial Fruitgrowers’ Council advises that the High Commissiono’r weekend cablegram regarding the fruit market is as follows f The Otira and Tongariro are unloading, but very little of the latter’s fruit is in the market yet. The general condition of the Otira shipment is good as yet, though fully matured. Special Cox’s Orange business is good owing to temporary shortage, nut current prices not expected to hold: —Cox’s Orange, 14s to 2(ls per case- Jonathan, London Pippin, and Dunn’s Favourite, 12s to 14s per case; Delicious, 13s to 14s per case; Adams’ Pearman, Lord Wolseley, 13s per case. Independent advices are to the effect that the Otago portion of the Tongariro arrived in good condition, and prices indicated are on a par with those quoted above. The manager of the Co-operative Fruitgrowers of Otago reports that the Pott Hobart and Mahia loaded at Lyttelton recently the last of several shipments of apples to London, Liverpool, and Buenos Aires, totalling 9197 cases, which were supervised bv the society on behalf of its members. The society, being affiliated to the New Zealand Fruitgrowers' Federation (Ltd.), had no difficulty in. obtaining shipping apace allotments throughout the season, and apnreelates the assistance rendered by the shipping companies and the railway management in the handling of the shipments. FRUIT EXPORT FIGURES. ABNORMAL SHIPMENTS. (Pes United Press Association.) NAPIER, May 26. Fruit export©! 1 from Hawke’s Bay during the present season totalled 100,526 cases, made up of 96,389 cases of apples and 3937 oases of pears The expoit glades included extra fancy, fine and fancy 94,414 oases, and good grade 1970 cases. The total export for 153 orchardists included 31 varieties, eight or which contributed 91,609 cases, while the other 23 varieties contributed 4780: Six of those 23 contributed fewer than 50 cases of. each variety, and there were fewer than 100 cases of 10 other varieties. The chief export varieties were: Jonathans 55,102 cases, Sturmers 19,790 cases, Delicious 16.973 cases. Dunns 933 cases, Doughertys 8074 cases. Cox’s Orange 3491 cases. Gravcnsteins 2992 cases, and Cleopatra 2678 eases. LONDON WHEAT MARKET. (Press Association—Bv Telegraph— Copyright.) LONDON, May 23. (Received May 26, at 5.5 p.m.) Wheat cargoes are steady and unchanged, and the demand is inactive. Parcels have a small demand at late rates, about 68s 6d. Liverpool futures: May 11a 81d, July lls 4}d, October (sellers) 10s 6Jd. —A. and N.Z. Cable. CHICAGO WHEAT MARKET. (Press Association—Bv Telegraph—Copyright.) NEW YORK, May 25. Chicago wheat. May, new 164 J cents per bushel, old 160; July, 138|; September, 133|. —A. and N.Z. Cable. FOREIGN EXCHANGE RATES. (Press Association—Bv Teiocntnh--Copyright.! LONDON, May 26. The exchange rates are as follows Par. Mav2o May 2S. Pans, fr. to £1 35.22$ 163,37 146.87 Brussels, fr to £i ... 25.22$ 162.75 146.50 Oslo, kr to £1 18.169 22.60 23.50 Copenhagen, kr. to £1 ... 18.169 18.63 18.64 Stockholm, kr. to £1 ... 18.159 18.17 18.17 Rome, (iro to £l, 26.22$ 125 126.37 Montreal, dol to £l ... 4.BGJ 4.86| 4,86| New York, dol. to £1 ... 4.86| 4.86 7-16 4.86 7-17 Yokohama, st to yen ... 24.58 23$ 23$ Calcutta, st. to rupee ... 24.00 17 15-16 17 16-17 Hongkong, st to do!. ... * 26J 27 j Amsterdam, guild, to £1 12.107 12.09$ 12.10$ Batavia, guilders to £1 12.107 12.08 12.08 • Governed by price of silver. —A. and N.Z. Cable. Messrs Park, Reynolds (Ltd.) offered by auction yesterday at their’rooms, four properities, situated at Queen street, York place, Cannington, Maori Hill, and Anderson’s Bay, when the following sales were effected: No 80 Queen street, section 69 and part 70, block XIX, containing 1 rood 17.5 poles and an eight-roomed house —£2600. Part section 7, Cannington, containing 1 rood 24 poles, fronting Dudley place, with a six-roomed house—£36o. No. 349 York place, section 6, block 11, containing 1 rood and eight-roomed house —£1550.

NEW ZEALAND AND AUSTRALIAN LAND COMPANY. (Press Aspnpinnnn— By Telegraph Convnght.) LONDON, May 25. (Received May 26, at 5.5 p.m.) The New Zealand and Australian Lan' 1 .Company has declared an interim dividend of 5 per cent. —A. and N.Z. Cable. LONDON METAL MARKET. (Pi ess Association—By Telegraph—Copyright.) LONDON, May 25. (Received May 26. at 9 p.m.) Copper.—Spot, £56 6s 3d ; forward, £57 3s 9d. Lead. —Spot, £2B 11s 3d; forward. £29 Is 3d. Spelter.—Spot, £32. 2s 6d; forward, £32 11s Sd. Tin. —Spot, £268 17s 6d; forward, £268 7s 6d. Sliver.—Standard, 29 15-16 d per ounce; fine, 32 6-16 d.—A. and N.Z. Cable.