THREE-DAY-OLD CALF TRADE

Sun (Auckland), Volume 1, Issue 116, 6 August 1927, Page 12

THREE-DAY-OLD CALF TRADE

WAIKATO FARMERS APPROVE Approval of the calf-marketing selleme adopted in the Waikato was voiced at a meeting of the Waikato sub-provincial branch of the New Zealand Farmers’ Union to-day, when a resolution was passed on the following lines: “That, in view of the apparent possibilities of the calf-marketing scheme, the Waikato sub-provincial branch of the New Zealand Farmers’ Union encourage the movement for the export of veal by members supplying calves to the company now operating, and that farmers be advised to send out only their best calves. LONDON MARKETS By Cable.—Press Association.—Copyright LONDON, Thursday. The metal markets. (Quotations on August 2 in parentheses.) Copper.—Spot, £56 8s IJd (£56 5s 7Jd); three months, £56 15s 7Sd (£SO 10s 7Jd). Lead.—Spot, £24 6s 3d (£24 7s 6d); three months, £24 15s (£24 15s). Spelter.—Spot, £29 5s (£29 6s 3d): three months, £29 (£29 2s 6d). Tin.—Spot, £297 2s 6d ( £ 29S 2s 6d); three months, £289 2s 6d (£289 12s 6d). Silver—Standard, 25 9-16 d (25 7-8 d) per ounce; fine, 27 9-16 d (27 15-16 d). Gold.—B4s lOd per ounce. WHEAT, FLOUR AND PULSE Wheat.—ln cargoes the more favourable European crop outlook has caused buyers to hold off. Parcels are in small inquiry, but fully steady. Liverpool futures: October, 10s lid per cental: December, 10s 10 7-8 d: March. 10s lOld; May, 10s 9td. Spot trade quietAustralian ex-ship, 55s 6d. Flour. Slow. Australian, ex-store, 41s. Oats.— Firmer. Peas and Beans.—Slow. Sugar.—3ls 4?jd. BRADFORD TOPS On the Bradford tops market business is small. Merinos are firm and crossbreds quieter. Quotations are: Sixty-fours, 49d; sixties, 45d; fiftvsixes, 35d; fifties, 28d.; forty-sixes, 21£d; forties, 20£d.

FOREIGN EXCHANGES *By Cable.—Press Association.—Copyright LONDON, Thursday. Foreign rates of exchange on August 4, as compared with par rates, or as averaged first half of 1914, are:—

Victoria, 3.’., 3 029-4!) r Victoria, 5J, 1930-40 102 0 Victoria, 5, 1932-42 99 Victoria, 43, 1940-60 N.S.W., 4, 1933 .. 93 12 N.S.W., 3, 1933 .. 17 N. S.W., 31, 1930-50 86 N.S.W., 58, 1922-32 101 N.S.W., 64, 1930-40 NT.S.W., 6, 1930-40 103 Queensland, 31, 1930 Queensland, 3. 1922-47 Queensland, 6, 1930-40 101 15 0 New Zealand, 4, 1920 98 12 6 New Zealand, 1940 86 New Zealand, 3, 1945 0 New Zealand, 6, 1936-51 107 6 5 Or S. Australia, 3i, 1939 S. Australia, 3, 1916 or 84 15 0 5 0t after 60 0 0 6 3* S. Australia. 6.’., 1930-40 103 6 Tasmania, 3?., 1920-40 84 0 0 2 6* Tasmania, 3, 1920-40 0 ft Tasmania, 6£, 1930-40 . W. Australia, 3’, 1929103 2 6 Same W. Australia, 3. 1915-. 5 86 ft 8 9t AV. Australia. 6. 1930-40 t Higher. *1 103 lb 0 2 6*

Aug. 4. Aug. 2. Par. Brussels, fr 04.93 04.93 25.22i Paris, francs . . . . 124.04 24.01 Stockholm, knr. .. 18.13 18.12 18.12 Copenhagen, knr. 18.15 IS.15 18.12 Berlin, r.m 20.42 20.42 Rome, lire S9.25 89.30 Calcutta, pence .. 175 175 24 Yokohama, pence 23 5-16 24.43 Hong Kong, pence 232 24 24 Montreal, dollars . 4.S6 7-16 4.865 4.S66 New York, dollars 4.855 4.S5® 4.866 Amsterdam, fl. 12.12| 12.115 12.107 Batavia, florins .. —A. and N.Z.-Sun. 12.12 12.1U