COMMERCIAL

Timaru Herald, Volume CXLI, Issue 20340, 12 February 1936, Page 6

COMMERCIAL

HIGH COMMISSIONER’S REPORT The Department of Agriculture has received the following message dated February 8, from the High Commissioneer for New Zealand, London:— Tallow. Market continues quiet; values nominally unchanged. Hemp. Manila: Market steadier on firm American demand. Fair business done up to £23 for February-April shipment. Sisal: Market firm and active. Shippers appear well contracted ahead. February-April shipment sold up to £2B/12/6, and May-July shipment up to £29. Mexican reported 40,000 tons sold to American interests at about £225/15/-, c.i.f. New York FebruaryDecember shipment leaving only 12,000 tons total Mexican production to be disposed of until the end of the year. F ruit. Apples: Better demand this week. Canadian and American arrivals smaller. Californian Newtown, 9/- to 11/-; Oregon Newtown, 9/- to 12/6; British Columbian Jonathan, 7/- to 10/-; British Columbian Delicious, 7/3 to 10/-; Washington Jonathan, 8/- to 10/-. Pears: Better demand during the last few days. Californian Winter Nelis, 11/- to 14/6; Washington Winter Nelis, 8/6 to 9/-; Oregon Comice, 16/to 18/-. WHEAT MARKET WEAKENS United Press Association—By Electric Teleeraoh- Copyright (Received February 11. 5.5 p.m.) WINNIPEG, February 10. There was a pronounced weakness in wheat to-day in the wake of the statistics showing a l?-~e increase in world shipments. Last week closed 2a cents lower; May quotation 823 cents. STANDARD INSURANCE COMPANY By Telegraph —Press Association DUNEDIN. February 11. At a meeting of directors of the Standard Insurance Co., Ltd. it was decided to declare a dividend of 1/3 r share for the half-year ended December 31 last, payable on March 2. FOREIGN EXCHANGE RATE The Bank of New South Wales. Christchurch, quoted the following rates as ruling yesterday for its sales and purchases of foreign exchange. The rates are subject to alteration without notice:—

WELLINGTON GAS COMPANY. By Telegraph—Press Association WELLINGTON, February 11. At the annual meeting of the Wellington Gas Company, an interim dividend of 4 per cent, was passed, making 8 per cent, for the year. Sir Harold Beauchamp and Mr George F. Pearce were re-elected directors.

Buying. Seiling. London— £ N.Z. to £100 st. T.T. 124 124/10 O.D. 123/10 124/8/9 Australia— £ A. to £100 N.Z. T.T. 101 100/10 O.D. 101 100/10 Fiji— £ F to £100 N.Z. T.T. 90/7/6 89 O.D. 101 89 New York— Doi. to £1 N.Z. T.T. 4.05s 4.02 O.D. 4.07i 4.02 i Montreal— Doi. to £1 N.Z. T.T. 4.04s 4.0U O.D. 4,061 4.011 France— Frcs. to £1 N.Z. T.T. 60.79 59.96 O.D. 61.24 60.00 Germany— Reichmarks to £1 N.Z. T.T. — 9.813 O.D. — 9.818 Japan— N.Z. d. to 1 dol. T.T. — 17 37-64 O.D. — 17 9-16 India & Ceylon— N.Z. d. to 1 dol. T.T. 22 9-64 22 57-64 O.D. 22 3-64 22 7-8 Singapore— N.Z. d. to 1 dol. T.T. 34 3-8 35 3-16 O.D. 34 3-16 35 27-64 Hong Kong— N.Z. d. to 1 lol. T.T. 18 13-16 20 9-16 O.D. 18 23-32 20 17-32