COMMERCIAL.

Taranaki Daily News, 6 February 1923, Page 2

COMMERCIAL.

EXCHANGE RATES. LONDON MARKETS. By Telegraph.—Press Assn.—Copyright. London, Feb. 4. Foreign Exchanges are: Berlin 165,000 marks. Parts, 72.80 francs. At the wool sales there was a good selection of merinos and a fair selection of crossbreds. Prices were generally firm and there was no quotable change. Nett Zealand lambs, Pareora clip, brought 28%d. Sheep.—New Zealand, none offered; Australian first quality 7%d, second 7%d; ewes 7d: Argentine first quality light 9%d; heavy "y 2 d; ewes 7d. Patagonian, none offering. Lambs, New Zealand, none offering; Australian first quality lid, second 9%d, third S%d. Argentine firsts light heavy lOd, seconds B’d. Patagonian, none offering.

Frozen Beef.---New Zealand fores 4%d, hinds 4%d. Australian crops 4 l-Bd, hinds 4%d; Argentine fores 4 5-8 d; Uruguayan, none offering. Chilled hinds 5 l-Bd, Argentine, fores 4%d, hinds 5%d; Uruguayan fores 4 3-Bd, hinds 5%d. , Cotton.—Liverpool quotation for American middling upland March delivery 15.03 d per lb. Rubber.—Fine hard Para 17d per lb; plantation first latex crepe 17%d, smoked ribbed sheet 17%d. Jute.—Native first marks January-February shipment £3l 10s per ton. ' New Zealand Hemp.—January-March £33. Copra.—South Sea, bagged, February-March shipment. £24 5s per ton. Linseed 0i1.—£39 15s per ton, equal to 3s 2%d per gallon. Turpentine.—lo4s per cwt., equal to 7s 10%d per gallon.

DAIRY PRODUCE DaJgety and Co,, Ltd., report having received the following cablegram from their London house under date of Ist Inst:— “Butter: Market quiet. We quote New Zealand salted 1965; Australian G.A.Q. 184 s, Danish 2065; finest Australian salted 190 s; unsalted 1925. Cheese: Market steady, New Zealand 130 s, Canadian 130 s.

THE WOOL MARKET. PRICES AT TIMARU SALE. I By Telegraph.—Press Association: Timaru, Last Night. The.second wool sale of the 1922-23 series was held to-day, when 12,219 bales were offered. There was an excellent attendance of buyers, representatives being present . from Home, America, the Continent and Dominion mills. The quality of the wool, taken all round, was excellent, the bulk being light in grease, as a result of comparatively cool weather during the last few Bidding was weaker than at the opening sallp and prices for medium half-bred, threequarter-bred and piece wool showed a slight decline. The overseas representatives were not keen bidders, the Dominion representatives being the keenest buyThe range of prices is: Merino 20%d to 28%d, halfbred 12d to 23%d, crossbred B%d to 19%d, threequarter-bred B%d to 2iy 4 d, Leicester B%d to 9d, Romney 9%d to 12&d, Corriedale to 22%d; pieces, Merino 15%d to 20%d, halfbred 6%d to 2iy 4 d, crossbred 8d to 19d, threequarter-bred B%d to 12%d, Leicester B%d, bellies B’Ad to crutchings 5*43 to 9d, dead wool 7%d to 16d, locks 5d to B J 4d, scoured halfbred 14%d to 18d, scoured threequarter-bred 23d to 31d, scoured pieces 15%d to 19 %d.