COMMERCIAL.

Taranaki Daily News, 11 October 1922, Page 5

COMMERCIAL.

FOREIGN EXCHANGES. THE LATEST RATES. By Telegraph.—Press Assn. —Copyright. Received Oct. 10, 7.35 p.m. . London, Oct. 9. Following are the current exchange rates, a comparison being given with the last report (October 5) and par:

T&3 slump in the mark is due to exceptional pressure to sell In the absence of a demand. BRADFORD WOOL MARKET. Received 10, 7.35 p.m. London, Oct. 9. The Bradford wool market is very firm, with & hardening tendency. Merino users are awaiting the London opening sales. METAL MARKETS. Received Oct. 10, 9.45 p.m. London, Oct. 9. Copper.—Spot £63 3s 9d, forward £63 13s 9. Lead—£2s 2s 6d and £24 15s. Spelter—£33 and £32 7s 6d. Tin—£l63 18s 9d and £165 3s 9d. Silver—3s 3-16 d per oz. CANTERBURY MARKETS. By Telegraph.—Press Association. Christchurch, Last Night. The potato market is weaker. Farmers have been offered £5 15s at country stations *or •whites, but few are inclined to accept this figure after the strong prices of a fortnight ago. The Opihi, which is sailing in a day or so, Is understood to be taking only a small consignment. There has been a revival of inquiry for oats from England, but any margin for export almost immediately disappears on account of the increase in the local price. Local values are generally up to 2/7 and 2/7% for A Gartons, and 2/5 for B’s, at country stations. A few substantial parcels of cowgrass have been sold for the north at 115 s for machinedressed, a shade over Is per lb. This is equivalent to 9%d to farmers. White closer has sold at up to 1/8 for machine-dressed. The loss is much greater than in cowgrass, and the equivalent figure to farmers is about 1/1 to 1/4. It is understood the entries for the undergrade wheat pool are coming in freely from Southland, and to date approximately 100,000 bushels have been offered. The bulk of this has not yet been threshed, and possibly s. good deal of it will be of milling quality and will eventually be withdrawn. LONDON MARKETS. HIGH COMMISSIONER’S CABLED REPORT. The Department of Agriculture has received the following cablegram, dated October 7, from the High Commissioner for New Zealand, London:— MEAT. Mutton market continues quiet. Lamb market quiet but firm. Beef, Chilled, again lower on account of heavy supplies. Market for New Zealand beef continues quiet. New Zealand Mutton. —Lightweight: October ' 7, 7%d to 8d; September 30, 7%d to 8d; Septfimber 23, 7%d to Bd. Medium: October 7, 6%d to 7%d; September 30. 6%d to 7%d; September 23. 6%d to 7%d. Heavyweight: October 7, 6%d to 7d; September 30, 6 l-8d to 6 7-8 d; September 23, 6 l-8d to 6 7-Bd. Ewes: October 7, 4 7-8 d to 5 7-8 d; September 30. 5d to Gd; September 23, 5d To 6d. New Zealand Lamb.—Best quality, lightweight: October 7, Is to Is o%d; September 30, Is to Is o%d: September 23, Is. Medium: October 7, Is to 1 o%d September 30. Is to Is o%d; September 23. Is. Heavyweight: October 7, 10%d to lid; September 30, 10%d to 10%d; September 23. 10%d to 10%d. Ordinary and second-class quality: October 7. Is: September 30, ll%d; September 23, ll%d. New Zealand Beef.—Ox fores: October 7, 3 l-8d; September 30, 3 l-8d; September 23, 3 l-Bd. Ox hinds: October 7, 4%d; September 30, 4%d: September 23, 4 7-Bd. Chilled Beef.—Fores: October, 7. S l /,.*!; September 30, 3%d; September 23, 3%d. Hinds: October 7, 5 3-8 d; September 30, 6d; September 23, 7%d. BUTTER. Demand continues quiet, but prices have advanced owing to shortage of supplies. New Zealand at present selling at 218 s to 220 s per cwt. (Is ll%d to Is ll%d per lb.) Official quotations are:— New Zealand.—Salted: October 7,218 s to 224 s per cwt. (Is 11 %d to 2s per lb.) ; September 30, 216 s to 220 s per cwt. (Is lid to Is ll%d per lb.) ; September 23, 214 s to 218 s per cwt. (Is 10%d to Is ll%d per lb.). Unsalted: Octotber 7,224 s to 226 s per cwt. (2s to 2s o%d per lb.) ; September 30, 226 s to 228 s per cwt. (2s o%d to 2s o%d per lb.) ; September 23, 224 s per cwt. (2s per lb.). CHEESE. Market steadier. ’ Official quotations are: — New Zealand.—October , 7 : Colored, 96s to 100 s per cwt. (10%d to 10%d per lb.) ; white, 98s to 102 s per cwt. (10%d to lid per lb.). September 30: Colored. 92s to 94s per cwt. (lOd per lb.) ; white, 94s to 96s per cwt. (lOd to 10%d per lb.). September 23: Colored, 90s to 92s per cwt. (9%d to lOd per lb.) ; , white, 94s to 96s per cwt. (lOd to 10%d per lb.). Shipment of New Zealand produce arrived I this week by s.s. Ruapehu. CASEIN. Casein.—French rennet, £66 to £72 per

Oct. 9. Oct. 5. Par. Montreal (dol.) ... 4.41% 4.42% 4.866 New York (dol.) . 4.41% 4.42 3-8 4.866 Paris (fr.) 58.40 58.10 25.255 Stockholm (kr.) .. 16.67 16.63 18.159 Christiania (kr.) . 25.00 24.93 18.159 Copenhagen (kr.) .. 21.83 21.47 18.159 Berlin (mark) .... 12,150 9,450 20.43 Rome (lire) 103 3-8 103 3-8 25.2*5 Calcutta 1/3 5-8 1/3 5-8 2/Yokohama 2/2 1-8 2/2 1-8 2/»ij Hcafffcing 2/6% 2/7 2/-