COMMERCIAL

Taranaki Daily News, 18 September 1924, Page 3

COMMERCIAL

FOREIGN EXCHANGES. By Telegraph—Press Assn.—Copyright. London, Sept. 15. The following rates on foreign exchanges are current to-day, compared with the cabled quotations on September 4 and par:

PRICES FOR WOOL. ADVANCE IN LONDON. London, Sept. 16. The wool sales have opened, prices showing a 10 to 15 per cent, advance. The New Zealand Loan and Mercantile Agency Company, Stvatford, have received the following cablegram from their London house: - "Opening cat a toques wool were representative. There was a full attendance at opening sale today, competition by home and Continental buyers beinfe keen. Prices as compared .with (he close of rhe preceding series were about 10 per cent, higher for merino crossbred fine, and crossbred coarse, and 10 to 15 per cent, for crossbred medium; 7% to 10 per cent, for crossbred sllped. There was a fair demand from Germany.” SYDNEY SALES. Sydney, Sept. 16. At the wool sales competition was decidedly more general and keener than on the opening day. French buyers were particularly active, and there was an occasional inquiry on American account. The market had a hardening tendency, which was most pronounced in the finer grades suitable for Continental demands, which showed an occasional further advance of 7% per cent. Greasy merino sold to 40d, come-back to DECLINE IN TIN. London, Sept. 16. The decline in tin is attributed to a bear selling movement originated in the United States with the object of forcing down the market jn order to facilitate placing the autumn orders of tin plate-makers, who are not too well covered. AUCKLAND SHAREMARKET By Telegraph—Press Association. Auckland. Last Night. Stock Exchange sales.-New Zealand inscribed stock, 1935, £97 10s, 1939. £97 10s; Commercial Bank, 30s; South British, 43a: Auckland Gas Co.. 24s lOd; Northern Steam (eontrtb.), 8s; Kempthorne Prosser, 68s 6d; New VValotahi (4s paid), Is 3d. TARANAKI STOCK MARKET NEWTON KING’S REPORT. Messrs Newton King Ltd., Stratford, report: —At our Stratford sale on Tuesday we report fair yardlnt of store cattle which sold

lat late rates. Quotes.—Fat coww, £• Igl ito £7 7s 6d: good forward cows. £3 <• I£4 7s 6d; gaod stores. 30s to £2 7s I yearling heifers. £2 to £2 Ils. ‘ At our sale of dairy •took on the UfflM ! day we report a good demand for cows and heifers with backward sorts neglectiMlfl Quotations Good conditioned heifers in ! and at drop, £6 15s to £8 15s; poorer £3 to £5; guaranteed sound dairy cows fronß £5 Ids to £«; Pedigree Friesian cow, guineas. Next sale of dairy stock Saturdayß Septontger £O. H At Inglewood yesterday we had <a very falß f yarding of store cattle and heavy one of dairfl cattle, principally heifers. All classes soitH well, yearling heifers, 2-year empty heifera young .store cows maintaining the steady provement that has been noticea.'ble at. sales. In the dairy pens a big numbar the heifers were under-sized and poor in con-B dition and tills hampered prices to a venfl great extent. Inquiry was firing neverthaleasfl Quotations:—Mixed yearling heifers (small)H 20. s to 32s 6d; Jersey cross yearling hetfinJ 37s to £2 Ils: yearling Jeraey heifers, £fl 14s to £3 13s; Holstein heifers, 3'2s 64 £2 2s: 2-year empty heifers, Holstein*, £'fl 6s: Jersey cross, £2 8s: Jerseys, £2 10s yearling steers, £8 6s; flight fat cows, tv> £6 4s; forward conditioned cows, £8 7fl 6d to £4 6s; youhg store cows, £2 to £3fl boner cows to £2 7s 6d; 3-year steers, £3 17M j 6d: springi/g heifers, Jerseys, £7 to £l<fl 1.0 s: small and paar conditioned Jersey croafl heifers, £4 to £4; inferior heifers to £al 103: dairy cows t»p to £8 10b; pedigree Jan*«H heii’ers on behalf of Mr. A. W. Yeatet, i ■ guineas. ® FARMERS' CO-OP REPOfrv I I I On Saturday, September 13, we held a spefl cial S.UC of dairy heifers at our Hawera yardafl About 100 heifers were yarded, and naagtgfl every line was cleared at the haonmer. Baafl prices for Jersey quality nelfers, good con*B ditioned, £l2 10s to £11®; others to £l«;l good Holstein cross heifers, £7 5s to £7 1&«;B backward heifers and Inw conditioned dittos £« 5s to £6. g On Monday. September 15, we conducted curl usual fortnightly sale at Urer*ri. We arafl able to report a good yarding of all dMaMfl of stock.' Competition was keen througtonM anil practically the whole yarding was clearwdß at the hammer, especially marked on the Kfl cattle, there being a strong inquiry and them beef market hardening in consequence. OMB line of very heavy bullocks from Okoke were offered by us in conjunction with Naw-| ton King. Ltd., fell to the bid of a TlhOOdKlJ buyer at £l3 14s, and one extra heavy oowl making £l2. In the dairy pens there wail also good competition and the yarding wail cleared at ti>e hammer at rates eliglrtlly ini advance of late sales. Quotations; Ma. hog-J gets, 29s Sd: good store ntga, SBa to 4Ba; hatn( 'beef bullocks, £KI 14s: lighter do., £l9 Ida; fat. cows, extra prime, £l2; prime do M £ii 15s, £7, £8 10s: lighter do., £6 good . store cows. £2 7s; others, £1 16a,' empty heifers, £3 ss; yearling heifera, £d' 6a tai £2 ss; springing heifers close to profit, £1 6e to £8: small! and backward aorta, £< to £5 10«.

Sept. 15. Sept, 4. Par. Brussels (franc) ... 89.75 89.5 25.225 Paris (franc) 83.85 84.20 25.225 Rome (lire) 101% 101% 25.225 Stockholm (kroner) 16.74 Hi 81 18.159 Christiania (kroner) 32.38 32.43 18.159 Copenhagen (kroner) 26.25 26.91 18.159 Yokohama 1/9 15-16 1/10 2/0% Hongkong 2/4% 2/4% 2/ New York (dollar) . 4.45% 4.48% 4.866 Montreal (dollar) .. 4.46% 4.48% 4.866 The mark is quoted from Berlin at 18% billions to the sterling, the same as on September 4.