COMMERCIAL.

Hawera Star, Volume XLVIII, 7 August 1924, Page 6

COMMERCIAL.

FOREIGN EXCHANGES. W CABLJS —PEKB3 ASSOCIATION—COPYRIGHT LONDON, Aug. 5. The following rates on foreign exchanges are current to-day, compared with par:—Brussels (franc) 90.5 (par 25.225); Paris (fraifc) 81.85 (25.225); Stockholm (kroner) 16.75 (18.159) : Christiania (kroner) 32.25 (18.159) ; Copenhagen (kroner) 27.43 (18.159); Rome (lire) 101.5 (25.225); Calcutta 1/54 (2/-); Yokohama 1/104 (2/04); Hongkong 2/43 (2/-); New York (dollar) 4.47 (4.866); Montreal (dollar) 4.46 f (4.866). The mark is quoted from Berlin at 18 5-8 billions to the sterling, compared with 194 billions on July’2B. Favourable developments ‘at the inter-Allied Conference caused an improvement in exchanges and was also reflected on the Stock Exchange, where gilt-edged stock all advanced. German bonds rase sharply. AUCKLAND SHARE MARKET. (by TELEGRAPH —PRESS ASSOCIATION.) AUCKLAND, Aug. 6. Stock Exchange sales. —War Loan, 1938, £97 17s 6d; Soldiers’ Inscribed Stock, £lOl 15s (debentures); Auckland Gas Co., 1932, £9O 10s; Auckland Harbour Board, 5f per cent., £96; Breweries, 225; Bank of New Zealand, 575; New Zealand Insurance Co. (ex dividend), 29s 3d; South British Insurance Co., 40s 6d; Auckland Gas Co. (contrib.), 6s; Kauri Timber Co., 29s Id; Milne and Choyce (debenture -stock), 23s 6d; Wilsons Cement, 30s. THE LINSEED MARKET.

The Department of Agriculture has received the following cablegram, dated August 4, from Calcutta, regarding the linseed market: Immediate shipment quoted at £22 per ton C- and F. Sydney. Market colsed firmer with more inquiry. LONDON PRODUCE MARKETS. The Bank of New Zealand, produce department, has received the following advice from its London office under date August 1: Butter—Firm and advancing; 190 s per cwt. Cheese— Steady; white 94s per cwt, coloured 88s to 90s. Frozen Meat—The market for wethers is more active owing to short supplies of Argentine. 1 The advance on ewes is likely to be maintained. The market for lambs lias improved owing to short supplies. No quotations for" beef. Wethers, light ‘ d to 8d per lb, heavy 6d to 7d; ewes, 4id to 6Jd; lambs, under 42’s 10jd to fl-’d. over 42’s 103 dto 10)d, seconds lOjjd to lid. HIGH .COMMISSIONER'S CABLED REPORT. The Department of Agriculture has received the following cablegram, dated August 2, from the High Commissioner for New Zealand, London : Butter. Market firmer, fair demand. Siberian in large supply, and demand is good for better qualities. Official quotations are : New Zealand—Salted, finest: August 2,188 sto 192 s per cwt (Is 8d to Is 8-id per lb); July 26, 186 s to 192 s per cwt (Is 7|d to Is 8d per lb); Julv 19, 186 s to,. 190 s per cwt (Is 7fd to Is Sjd per lb). Unsalted: August 2, 204 s per cwt (Is 93 d .per lb); July 26, 202 s to 204 s per cwt (Is 9fd per lb) ; July 19, 204 s per cwt (Is 93d per lb). Other Qualities: August 2,182 sto 184;s per cwt (Is 7)d to Is 7sd per lb). Australian—Salted : August 2,184 s to 186 s per cwt (Is 73d per lb); J.ulv 26, 182s;to 184 s per cwt (Is 74 dto Is <3d per lb); July 19, 182 s. to. 1 84 s per cwt (Is 74 dto Is 73d per lb). Other qualities: August 2,170 sto 178 s per cwt (Is 6d to Is 7d per lb). Argentine—Unsalted: Market firm August 2,184 sto 188 s per cwt (Is 7-> ( i to Is 8d per lb); August 2, excentional up to 196 s per cwt (is 9d per [b) ; July 26, 184si to 188 s per cwt (Is /id to Is 8d per lb); July 19, 184 sto 188 s per cwt (Is 73d to Is 8d per lb) Uther qualities: August 2,166 s to 180 s per cwt (Is 53d to Is 7sd per lb). Insh—vSalted: August 2,186 s to 188 s per cwt (Is 73d to Is 8d per lb); July 26, 186 s to 188 s per cwt (Is 7- : kl to Is 8d per lb); July 19, 186 s to 190 s per cwt (Is 73d to Is BRI per lb). L nsaUed: August 2,202 s per cwt (Is 93d per lb); July 26, 192 s to 194 s per ion F ls to Ls S i‘ cl P er lb ; July 19, 192 s to 194 s per cwt (Is 84d to Is 83d per lb). " 4 Danish—Market steady: August 9 204 s per cwt (Is 93d per lb); Angus*’ exceptional. 208 s per cwt (Is IfU.l FIT Si 26 2,3 00 st 0 202 s per cwt inn 9 +‘ d om u 95d per lb >; Jul y 10, 200 s to 204 s per cwt (Is 94 d to Is 93d per lb). 4 Siberian—According to quality: August 2, loOs to 170 s per cwt (Is 4d to Is 6d per lb).

Cheese. Mai ket steady. New Zealand market firmer on short spot supply. Official quotations are: English—Finest farmers’: August c >' 94s to 98s per" cwt (10d to 104 d pe"r w y 94s to 98s per cwt (10d to i°^ d n? er lb); July 19 > 94s to 98s per cut (lOd to 10jd per lb). Canadian—August 2, coloured, 88s to 90s per cwt (94d to 9fd per lb): August 2, white 92s per cwt (9|d per lb); Julv 28, coloured, 88s to 90s per c-wt (94d to 9-i J-d per lb); July 26, white, 90s to 92s per cwt (9fpl per lb) • July 19, coloured, 90s to 92s oer cwt (9jcl per lb); July 19, white ‘ 92s to 94s per cwt (93d to 10d per lb). New Zealand—August 2, coloured, 88s to 92s per cwt (94d to ner lb) • August 2, white, 93s to 94s per cwt (10d per lb); July 26, coloured. 86s to per cwt (9id to 91*1 per lb) ; July 26, white, 90s to 92s per cwt (9jjd per lb); Julv 19, coloured* 86s to 90s per cwt (Old to 951 cl per ll>); July 19, white, 90s to 02s Tier cwt, (9jd ner lb). Estimated cheese stocks 011 August 1 at London, Liverpool and Bristol were • Canadian and American, 11,250 boxes; New Zealand and Australian, 65,31 Ml crates, against 12,800 boxes and 6700 crates respectively for same time- last year. . Shipments New Zealand produce arrived this week per us. Port Wellington and Rotorua. Casein. Present quotations are: French rennet, £45 to £SO per ton; Argentine lactic, £4O per ton. Wool. \\ uol—Bradford market experiencing active demand from Continent. Quotations for tops are: 64’;; merino, os 11 d to 6s; 56’s super half bred, 3s lid; 40’s prepared (coat's? crossbred), 2s 2d.