COMMERCIAL NEWS.

Timaru Herald, Volume XCVIII, Issue 18030, 19 January 1923, Page 5

COMMERCIAL NEWS.

OTHER EXCHANGES. By Telegraph—Press Assoclatloß. AUCKLAND, January 18. Sales on ’ChangeSoldiers’ inscribed stock £IOO 10s: Gisborne sheepfarmers’ debentures £IOO 10s; New Zealand insurance 28s 3d, Auckland 255; Wilson’s cement 23s 3d, Moanataiori 3s, 3s Id, 3s 9d; Waihi 335, 33s 6d. TALLOW. By Oabla—Pro«a Association—Copyright. (Received 9.10 p.m.. January 18). LONDON, January 17. At the tallow sales 1719 oasks were offered, and 682 sold. Mutton 42s 9d, 38s ; beef 435, 38s. Dalgety and Company, Limited, Timaru, have received the following cable advice from tlieir London office, dated January 17:—‘‘Tallow.—Offered 1720 casks, sold 545 • market quiet. Mutton tallow quiet ana unchanged; prices for other descriptions are lower by 25.” tea! SALES AT CALCUTTA. By Cable—Press Association—-Copyright. (Received 7.15 p.m., January 18.) DELHI, January 17. At the tea sales at Calcutta, . the market was strong, and there was a further advance in all grades, especially blade loaf. Pekoe souchongs were a half to one anna dearer; dusts and fannings was half an anna dearer., FOREIGN EXCHANGE RATES. By Cable—Press Association—Copyright. LONDON, January 17. The exchange rates are as follows: — Par. Jan. 17.

Yokohama, st. to yen 21.50 25 l-16d Calcutta, st to rpe 10 to gold £ 161 d "Determined by price of silver.

Paris, fr. to £1 25.255 70.05 Christiania, kr. to £1 18.159 24,98 Copenhagen, kr. to £1 18.159 23.08 Stockholm, kr to £1 18.159 17.35 Berlin, marks to £1... 20.3 84.000 Rome, lire to £1 ... 22,22* 94 Montreal, dol. to £1 4.86 4.711 New York, dol. to £1 4.86 4.64J Hong Kong, dol. to £1 * 27d