COMMERCIAL.

Taranaki Daily News, 14 November 1923, Page 5

COMMERCIAL.

FOREIGN EXCHANGES. By Telegraph—Press Assn.—Copyright. Received Nov. 13, 10.25 p.m. Lcruion, Me*. 12. The following are the current exchs >ge rates per £ quoted In London to-day, the previous quotation and par being given fui comparison :

THE WOOL MARKET. Received Nov. 18, IS .25 p.m. London, Nov. 12. At the wool sales practically no merino* were offered. There was a good selection of B.A.W.R.A. crossbreds. Prices were firm for all sorts'. New Zealand's A in circle brought 52d, Closeburn 50 On the Bradford market crossbred tops are very firm. There Is no inquiry for merinos. LONDON METAL PRICES. Received Nov. 13, 11.25 p.m. London, Nov. 12. t Copper.—Spot £62 16s 3d; forward £93 6s 3d. I Lead.—£3l la 3d and SOI. I Spelter.—£33 7a Cd and £33 10«. i Tin.—£2K 2. Cd and £217 2« Bd. • Sliver.—33 J-6d per ounce. PROPOSED TAX ON APPLES. Received Nov. 13, 8.25 p.m. London, Nov. 12. A meeting of the united fruit ajid vegetable traders, both import and export, passed a resolution protesting against the proposal to tax apples, and requesting that nothing further be done without discus* km with the trade fiom the ehtef importing centres—London, Liverpool, Manchester, Glasgow and Hull. CANTERBURY MARKETS. By Telegraph—Press Association. Christchurch, Last Night. Carnival week is practically a close season ! in the grain and produce trade, but genenliy there Is some speeding up once the community settles down again. However, there has beeti I little sign of a revival so far. Potatoes are about done with for expert north. Recent parcels have been sold eX wharf at £8 5s a ton, and farmers at country stations may get about £6 a ton, but as Ur as can be ascertained very few growers «r»re j ''left” with potatoes after the good price* stopped. Auckland advices state that Pukeheu* potatoes are becoming more plentiful and are cheapening in price, so that for ths potattes still held here it would appear that the southern market presents the best outlet. Some business has been done in perennial i ryregrass on a basis of 7s 3d f.o.b. sacks in. White clover has been sold at 180 s to 190* per cwt. The cocksfoot market is lifeless, *n<i cow grass Is inclined to be Ims firm. Some business has taken place In oats 1 with. It Is reported, Australia. The price is j is 3d f.o.b. sacks in. ' AUCKLAND SHARE MARKET. Auckland, Last Night. Stock Exchange sales—National Bank £6 15s; New Zealand Insurance 2ffs; Tauplri Coal ; 20s; Auckland Gas 25s 6d, contributing 33* | and 345; Huddart Parker 41s 6d and 41* M; i Northern Steam 15s 3d; Grand Junction 4s 7d and 4s lOd. LONDON MARKETS. HIGH COMMISSIONER'S CABLE. The Department of Agriculture has received the following cablegram, dated 10th instant, from the High Commissioner:— BUTTER. Belter demand for finest New Zealand and Australian, and firmer tone generally. Official quotations are:— New Zealand, salted, finest, 190 s, 194* per cwt. (Is B>4d, Is B%d per lb.) ; unsalted, 2065, 208 s per cwt. (Is lOd, Is per lb.) ; other qualities, 180 s, 188 s per cwt. (Is fUd, Is 8d per lb.). Australian.—Salted, finest, 184 s, 186 s, 183 s per cwt. (Is 7%d. Is 7%d, Is M per to.); unsalted, 198 s, 202 s per cwt. (Is 9%d, la 0&d per lb.) ; other qualities, 1765, 182 s per cwt. (Is 6%d, Is 7%d ner lb.). Argentine.—Finest (slow) : lG6s, 170 s per cwt. (Is 5%d, is fid per lb.) ; other qualities, 138 s, 162 s per cwt. (Is 2%d, Is s,|<i per lb.). Irish.—Slow. 1765, 182 s per cwt. (1* 6%d, Is 7Hd per lb.) ; unsalted, 184 s, 194 s per cwt. (lt» 7%d, Is BHd per lb.). Danish.—Steady, 2025, 206* per cwt. (la 054 d, Is lOd per lb.). CHEESE. Official quotations are : English, finest farmers' (steady), 135 s to 145 s per cwt. (Is to Is par lb.). Canadian.—Finest (slow), colored 104 s ta 108 s per cwt. (li%d to 11 per lb) ; white, 102 s to 106 s uot cwt. (lid to 11 %d per New Zealand.—Finest (slow), colored 100 a to 108 s per cwt. (IP/ 4 d to per lb.) ; white, lu4s to 106 s per cwt. (lid to ll%d per lb.). Other qualities, colored 104 s per cwt. per lb.), white 102 s per cwt. (lid per H>.». Shipments of New Zealand produce arrived this week per a.s. Armagh and Port Curtl*.

<ov. 12. Nov. 8. Par. Paris (fr.) 7R.65 77.35 25.12% Stockholm (In*.) 18.60 10.87 1».13»» Christiania (kr.) .. so. on 80.85 11159 Copenhagen (kr.).. 25.85 26.17 18.159 Rome (lire) 100% 100% 25.J2H Calcutta 1/4% 1/4% 2/ 5 okohama 2/2% 2/2 2/1 Hongkong 2/3% 2/3% 2/ Montreal (dol.) .. 4.43* 4.50% 4.88 2-8 New York (dol.) .. 4.30(4 4.44 4.K 2-8 The German mark is qnoted at ten t* flfteen billion marks, five to ten billion. On November 8 It was