COMMERCIAL.

Taranaki Daily News, 19 November 1924, Page 12

COMMERCIAL.

FOREIGN EXCHANGES. By Telegraph.—Press Assn.—Copyright. Received Nov. 18, 7.30 p.m. Nov. 17 Nov. 13 (Par. The following rates on foreign exchanges ar? current to-day, as compared with the

The reichsmark is quoted from Berlin at 19% to the sterling, the same as on November 13. • OPENING WOOL SALES. KEEN COMPETITION AT WELLINGTON. BROKERS’ REPORTS OF SALES. At file opening wool sale of the 1924-25 selling season at Wellington on Monday, exceptionally good prices were realised, as was reported hi yesterday’s Daily News. The New Zealand Loan and Mercantile Agency Co., Ltd.report:—We included in our catalogue a fair quantity of binned wools, which sold at remarkably good' prices. Our catalogue also included a good many clips classed by us in our Thorndon stores, and these met with on excellent reception by the 'buyers, and the prices realised were most satisfactory. Some of our sales are as follows: —Highland home. Romney H.. 24%d to 25%d; T.H.T./ F.X.H., 29%d, A.H. 26 *4 d, B.H. 23%d, A.E. 26d, B.E. 23d. HL/PK halfbred H. 29Vxd. tliree-quarterbred W and H 24%d to 26d, XW and H 2 2’/id; Waimea R 22y 2 d to 25d: WH and VW/RH and E 25 %d; FK/XH 25%d, XE 24&d; VJ over B/XH and E 23d; IRS/RK 25%d, RE and W 26%d; RC over T/XH 2-5%d; GX 23%d; RR/Koninl, XA and B 20%d; UOU half W 30d, - three-quarter BH 25*4d; 20/W RAA 27%d, A 26%d; IK/XH 22%d to 23&d. XI) Zl*/ 2 d to 23%d; M/Haurangi RH 25%d; PME halfbred 24%d, XM 23d, E 22d to 22%d ; WGF/XH 23d to 24d; 77/R XII 22y B d; Okawi /KH 26d, AAH 25%d, AH 23%d; T/C V fine 2Gy 2 d; H2H/XH 24y.d, E 2>d; Matai/NJL Huka, crossbred, fine H and E 26d. crossbred 24y>d; KMcL Romney rams 27d to 27%d; Tui/AA crossbred 23yjd, A 2-3%d. Murray, Roberts and Co.. Ltd., report:— We sold every bale under the hammer, and give below some of the prices realised for well-known clips.—Abbotsford, Romney A 2 4’/.fl, Romney B 2+%d, Romney C 22%d; TC/G crossbred B 27y»d, crossbred C 25*£d, Lincoln 2iy 2 d; Te Mahora. EHA 29d, AH 26V 2 d; S and Sons HA, 27d; Seaforth AAH 29d. (rcoiassed) AAE 27Vid, AA 26%d, A crossbred 26%d. Down X 28%d: Rewa Rewa AAE 28 %d, AE BE 26%d; GVS/w in diamond, AAW 2-9 d, Totaras AW 28d, AH 28%d; S. and Sons HA Romney 28%d, Parorangi AE 28Vid, BE 27d, pieces 18%d; S. Pararangi, Koinney AH AW 27 %d, BH 27%d, pieces 2 Bid. bellies 17%d; QD/F (reclassed) Romney AAH 26 *4 d, AH 25y 2 d; AG-M Romney Fn. HA 29d;HPC (rcclassed) AA 28*/,d, A

27d; HBS/Mahua, A Romney 29d; D Me. G crossbred hogget 24d: Heart (reclassed) AAH 26’/id, AH 24d, AW AE 26d, lambs 24d; Gleniffer AAH 27y.d. AAW 24y>d; Ligar A Romney 26d, B 24%d, C 22 Vid. ARGENTINE WHEAT CROP LESS. Received Nov. 18, 7.30 p.m. London, Nov. 17. The international agricultural institute estimates that the Argentine wheat crop will be 102,000,000 centals, a decrease of 30,000,000 centals compared with last year. , CANTERBURY MARKETS. By Telegraph—Press Association. Chrisbcburch, Last Night. As a rule carnival week is followed by some briskness In the seed trade, but the exception is the ease this year. Chaff is much easier, the natural result of a great growth of feed. It Is quoted at £7 to farmers. There &re no oats about. Various prices have been mentioned as offering for wheat, but nothing definite is yet available. The price of fowl wheat Is 7 s 6d a bushel. Ryegrass is so far meeting with little notice and the tendency is towards a lower value. Apart from wheat, the prospects are that there will be a full crop for the country’s requirements, which may ease values from the high point they have In most cases occupied during the year, and which had a tendency i a restrict business. Potatoes, the mainstay of [ the oporai >r this year, have dropped out of i the picture, there being no inquiry. ’ LONDON MARKETS. ' HIGH COMMISSIONERS CABLED REPORT. ‘ The Department at Agriculture has received « from the High Commissioner for New Zealand. ? the following cablegram, dated November 15, 5 London:— h BUTTER. , Market quiet, with little more inquiry at lower rates. Official quotations are:— Now Zealand: Finest salted, 2008 to 20 s per cwt (Is 9%d to is 9%d per lb). Other qualities: 180 s to 191 s per cwt (is 7 1-ld to Is B%d par lb). Australian: Finest salted, 184 s to 18Rs per cwt (Is 7’ /2 d to Is 8d per lb) ; unsalted, 190 s to 194 s per cwt (Is 7 l-4d to is B%d per lb) : exceptional, 196 s per cwt (Is B%d per lb). Other qualities, salted. 170 s to 180 s per cwt (Is 6d to Is 7 l-4d per lb) ; unsalted, 180 s to 186 s per cwt (Is 7 1-ld to Is 8d per lb). Canadian.—Creamery: 170 s to 188 s per cwt (Is 6d to Is 8d per lb) ; unsalted. 180 s to 190 s per cwt (Is 7 l-4d to Is 8 l-4d per lb). Argentine.—Unsalted: 184 s to 188 s per cw; (Is 7 1 Z»d to Is 8‘ 3 .1 i>sjf lb) ; exceptional, 190 s per cwt (Is 8 l-4d per lb). Other qualities, 170 s to 180 s per cwt (Is 6d to Is 7 l-4d per lb). Danish,—Market stew: 216 s to 220 s per cwt (is lid to Is 11 '/ad per lb). CHEESE. Official quotations are:— English. Finest farmers’: 116 s to 120 s per cwt (Is OVfed to Is o%d per lb). Canadian.—Coloured, 94s to 96s per cwt (lOd to 10 l-4d per Jb) ; exceptional, up to 98s per cwt (10%d per lb). New Zealand.—Coloured and white, 92s to 94s per cwt (9%d to lOd per lb). Australian.— Slow. Coloured, 88s to 92s per cwt (9 l-4d to 9%d per lb). A shipment of New Zealand produce arrived this week per s.s. lonic. Tallow. Tallow.—Steady demand. Present, quotations are:-—Mut'ton: Fine, 52s 6d to 52s 9d per ■cwt: fair to good, 50s tq 52s per cwt: dark to dull, 46s to 48s 6d per cwt. Beef : Sweet, and/or mired, 52s to 53s ‘6d per cwt; fair to good. 49a to 5-ls per cwt; dark to dull, t 45s to 47s 6d per cwt. Mixed: Fair to good, 18s 6d to 50s 6d per cwt; dark to dull 45s to 47s per cwt. Gut, etc, 41s to 46s per cwt. LONDON WHEAT MARKET. 5 Received Nov. 18, 7.30 p.m. London, Nov. 17. Wheat cargoes are firm. Owing to reported frosts in Argentine, there Is a good inquiry for distant loadings. The sterling exchange reaietion Is also helpful. January shipments are quoted at 64s a quarter, and 6+s 3d tn bulk. Parcels are iq fair request at an advance at 8d to Is. A February pareel sotd at 64s

6d at I Liverpool. Futures are quoted as follows:—December sellers, 12s ll'/ 2 d; March, 13s 2 1-ld: May, 13s 2d. BRADFORD TOPS MARKET FIRMER. Received Nov. 18, 7.30 p.m. London, Nov. 17. Bradford tops reveal an exicited market. €>uotations are firmer wihh more business passing. and there is some speculative buying. THE PRICE OF GOLD. Received Nov. 18, 7.30 p.m. London, Nov. 17. The price cf gold is 89s 7d an ounce. CHICAGO WHEAT QUOTATIONS. Received Nov. 18. 8.10 p.m. New York, Nov."' 17. Chicago wheat quotations areDecenilber, 153 Vi cents a bushel; May, 160*6 cents; and July, 140 5-8 cents.

cabled quotations on November 13 and par:—Nov. 17 Nov. 17 Par. Now York (dol.) .. 4.61% 4.866 Montreal (dol.) .... 4.61% — 4.866 Paris (franc) 88.Lo 87.45 22.225 Brussels (franc) .... 96.do 95.70 22.225 Rome (lire) 107 1<IC% 22.225 Christiania (kroner) 31.24 31 24 18.159 Stockholm (kroner) 17.2-2 17.24 18.159 Copenhagen (kroner) 26.27 26.70 18.159 Calcutta 1/5% l/57 /a 2/ 2 nk Kong 2/4% 2/4% 2/ Yokohama 1/8 */“% 2/0 Vi