COMMERCIAL.

Taranaki Daily News, 16 September 1922, Page 5

COMMERCIAL.

FOREIGN EXCHANGES. THE LATEST RATES. By Telegraph.—Press Assn.—Copyright. Received Sept. 15, 7.50 p.m. London, Sept. 14. Following are the current exchange rates, a comparison being given with the last report (Sept. 11) and par :

The decline in the dollar is attributed largely to American nervousness over the European situation, and also to the usual seasonal weakness. BUTTER AND CHEESE. LATEST LONDON PRICES. Received Sept. 15, 7.50 p.m. London, Sept. 14. The butter unarket shows slow trade. New Zealand choicest salted is quoted at 218 s, and Australian at 2065. Unsalted is scarce at about 6s premium. The market dosed with an easier tendency. Cheese.—New Zealand white 945, colored 90s. CANTERBURY MARKETS. Christchurch, Last Night. The Wlngatui sailed to-day with 7000 odd sacks of potatoes, and will arrive at Auckland on Tuesday. This consignment will, no ' doubt, be. speedily absorbed at improved values. The Katoa and Kahfka sal! for Auckland next week, and though it has been suggested that supplies in South Canterbury were about done, 300 sacks of the Wingatul’s shipment came from Timaru without much securing around. There are still a few substantial holders in the country, but the general agreement is that there are not many. To-day’s quotations for whites, which, in the aggregate, are a small proportional drop, are from £5 5s to £5 10s, dakotas £5 2s 6d, and russets £4 15s per ton to farmers. Farmers have done a shade more business at these figures, although there is not much offering. Oats are unaltered, although hopes of business abroad are entertained. A grade Gartons are worth 2s 10%d f.o.b. sacks in, and B’s 2s B%d. The Danish invasion of cocksfoot has not been so heavy as was expected, and the local market, though weak, has not altogether broken under the foreign competition. From 4%d t,o 4%d may be quoted nominally at country stations. The demand for seeds is not what it usually is Tn "and if Ts apparent that" financial conditions are restricting the ainounr of sowing. Merchants’ stocks, nevertheless, are firmly held, as the crop this year has not been heavy. So far there is no rush of farmers to put their under-grade wheat into the pool, and the merchants' belief is that it is not likely there will be any. Linseed is meeting with a dull market.

Paris (fr.) .... Stockholm (kr.) Christiania (kr.) Copenhagen (k Berlin, (marks) Rome .(lire) ... Calcutta ....... Yokohama ..... Hongkong ...... Sept. 14. Sept. 11. Par. . 58.47 58.33 25.255 . 16.72 16.77 . 18.159 . 26.46 26.63 18.150 ) 20.86 20.84 18.159 . 6775 6725 20.43 . 105% . 103% 25.255 Is 3%d Is 3 11-1‘Jd 2s 2s 2 7-16d 2s l%d 2s 0%d Montreal (dol.) New York (dol.) . 4.42% 4.45% 4.866 . 4.41% 4.45% 4.866