COMMERCIAL.

Poverty Bay Herald, Volume XLIX, Issue 16112, 28 April 1923, Page 5

COMMERCIAL.

lElcc. Tel. Copyright—United Press Assn.i lAustralian and N 2~ Cable Association.) LONDON, April 26. .Consols £59 15s; War Loans £95 10s, £lOl 7s 6d ex; conversion £Bl 7s 6d; Commonwealth, £lO2 .17s 6d, £lO5 ss;. Victoriah 3’s £74 15s; New South Wales > £92 10s, £Bl 15s, £IOO 7s 6d, £IOB 7s 6d- £lO3 15s Queensland, £95, £9B ss, £9O ss, £72, £lO5 7s 6d; New Zealand, £95 2s 6d,. £BS 12s 6d, £77, £110; South Australian, £BS ss, £65 ss, £IOB 7s 6d; Tasmanian, £BS ss, £7B, £IOB ss; West Australian, £6 15s, £BO, £lO5. Short loans, li per cent; bills, If per cent. Foreign exchange rales : Paris, 68.85 franca; Stockholm, 17.33 kroner; Christiania, 27,03 kroner; Copenhagen, 24.67 kroner; Berlin, 135,000 marks; Rome, 94 lire; Calcutta, 16 3-16.rupees;'Yoko-hama • 25 3-8 yen ; Hongkong,■ 21 l-8d to the dollar; Montreal, 473§ cents; New York, 463 5-8 cents. The butter' trade is at' its dullest, buyers showing not tho slightest interest. New Zealand choicest is quoted at 140 s to 1465; unsalted, scarce, 156 s to 160 s; Australian, choicest, 136 s to' 138 s; unsalted 144 s to 148 s. Cheese is very slow, and supplies largely exceed requirements. Three steamers .’with" nearly 100,000 crates of New Zealand are awaiting discharge. New Zealand white is quoted at 965, to 98s; colored 98s to 100 s; Australian, nominal about 88s.

(Received April 28, 1.5 p.m.) LONDON, April 27.

.Wheat cargoes are quieter and fairly steady. Parcels have weakened threepence, to sixpence, in sympathy with the American market.

Messrs. DalgeTy and Company, Ltd., report, the following cable from their L»ndon office ex Melbourne :—“Butter market last week looked possibly at bottom, holders doing utmost to support it, but demand is very slow, and stocks are' exceptionally heavy. Recent values are barely maintained.”