COMMERCIAL

Taranaki Daily News, 3 September 1924, Page 2

COMMERCIAL

FCBEIGN EXCHANGES. By Telegraph.—-Press Assn.—Copyright. Received Sept. 2, 5.5 p.m. London, Sept. 1. The following rates on foreign exchanges are current to-day, compared with the cabled quotations on August 29 and par:— Sept. 1. Aug. 29. Par.

rue mam is quuieu irwn x>eriui at 1074 billions to the sterling, the same as on 29. LONDON TALLOW STOCKS. Received Sept. 2, 5.5 p.m. London, Sept, 1. The tallow stocks total 4468 casks, the imports during August being 1638 and deliveries 1938. LOAN FOR BELGIUM. Received Sept. 2, 5.5 p.m. Brussels, Sept. I. The Government has arranged a 6% per cent, loan of 30,000,000 dollars from the United States, redeemable in twenty-five years. It is stated that the loan is to be utilised for withdrawing Treasury bonds Issued in the United States in 1920. LONDON MARKETS. HIGH COMMISSIONER’S CABLED REPORT. The Department of Agriculture has received the following cablegram, dated August 30, from the High Commissioner for New Zealand, London:— BUTTER. Market very dull. Unsalted practically cleared. Official quotations are New Zealand.—Salted, finest: 204 s to 208 s per cwt. (Is 9%d to Is 10%d per lb.). Unsalted: 220 s per cwt. (Is per lb.). Other qualities, salted, 196 s to 200 s per cwt. (is 9d to Is 9%d per lb.). Australian.—Salted, finest: 200 s to 202 s per cwt. (Is 9%d per lb.). Other qualities: 176 s to 196 s per cwt. (Is 6%d to In 9d per lb.). Argentine.—Unsalted: 196 s to 200 s per cwt. (Is 9d to Is per lb.). Other qualities: 182 s to 192 s per cwt. (Is to Is per lb.). Irish.—Salted: 196 s to 198 s per cwt. (Is 9<r to Is 9%d per lb.). Unsalted: 210 s per cwt. (Is 10%d per lb). Danish.—2l2s to 216 s per cwt. (Is 10%d to Is lid per lb.). Siberian (according to quality).—Market slow. 160 s to 176 s per cwt. (Is to Is 6%d per lb.). CHEESE. Market dull. Large supplies of Canadian coming forward. Official quotations are:— English.—Finest, farmers : Market steady. 102 s to 106 s per cwt. (lid to per lb.). Canadian.—Coloured. 82s to 94a per cwt. (10d per lb.). New Zealand.—Coloured, 91s to 92s per cwt. (.9 3-8 d per lb.) ; white, 94s Up to 96s per cwt. (lOd to 10%d per lb.). Australian.—Market slow. Coloured, 90s to 92a per cwt. (9%d per lb.). Shipments of New Zealand produce arrived this week per s.a. Port Victor and Rlmutaka. LONDON MEAT MARKET. Tho Loan and Mercantile Agency Company, Limited, have received the following cablegram from their London house under date August 30:—Lamb: 12d per lb. (average); mutton, prices unchanged, market firm (las: quotations August 22, wether and maiden ewe, light B%d per lb., heavy 7%d per lb.; ewe, light 6 5-Bd, heavy 5 7-8 d). AUCKLAND SHARE MARKET. By Telegraph.—Press Association. Auckland, Last Night. Stock Exchange sales.—Auckland Drainage 5 per cent, debentures, £9l; Bank of New Zealand, 575; Union Bank, 2985; New Zealand Insurance Company, 29s 7d; Auckland Gas Company, 25s 2d; Sugar, Australia, £44 10a; Refrigerating (contrib.), 9s 9d; New Waiotahl (contrib.), 9d.

Brussels (franc) 89% 89% 25.225 Paris (franc) 82.95 83.05 25.225 Stockholm (kroner) 16.88 16.87 18.159 Christiania (kroner) 32.45 . 32.45 18.159 Copenhagen (kroner) 27.3? 27.57 18.159 Rome (lire) 101% 25.225 Calcutta 1/5 5-16 1/5% 2/ Yokohama 1/9 5-16 1/9 15-16 2/0% Hongkong 2/4% 2/4% 2/ New York (dollar).. 4.43% 4.866 Montreal (dollar) .. 4.48% 4.43% 4.86s