COMMERCIAL.

Taranaki Daily News, 1 November 1922, Page 8

COMMERCIAL.

FOREIGN EXCHANGES By Telegraph.—Press Assn.—Copyright. Received Oct. 31, 8 p.m. London, Oct. 30. Following are the current exchange rates, a comparison being given with the last report (October 26) and par : Oct. 30. Oct. 26. Par. Montreal (dol.) .. 4.44% 4.43y 2 4.866 New York (d 01. 4.45% 4.44y 2 4.866 Paris (fr.) 64.45 64.97 25.255 Stockholm (kr.) .. 16.65 16.63 18.159 Christiania (kr.).. 24.65 24.85 18.159 Copenhagen (kr.) 22.12 22.13 18.159 Berlin (marks) .. 19,400 19,650 20.43 Rome (lire) 113% 115% 25.255 Calcutta ..... Is 3 11-16 d Is 3 11-16 d 2s Yokohama 2s 2d 2s 2%d 2s o%d Hongkong 2s 5 5-Gd 2s 6d 2s LONDON MARKETS. HIGH COMMISSIONER’S REPORT. The Department of Agriculture has received the following cablegram, dated 28th instant, from the High Commissioner for New Zealand, London:— MEAT. Mutton prices firmer, but stocks light and very little offering. Lamb market quiet at about quotations given last week. Chilled beef market quiet and prices lower; supply exceeds the demand. Quiet trade in New Zealand frozen beef. The latest prices are:— New Zealand Mutton.—Light-weight, 8 5-8 d to 8 7-8 d; medium, 8d to B%d; heavy-weight, 7%d to Bd. Ewes, 6d to 6%d. New Zealand Lamb.—Best quality: Lightweight, Is o%d; medium, Is o%d to Is OVad; heavy-weight, 10%d to 10 7-8 d; ordinarj’ and second-class quality, Is o%d. Chilled Beef.—Fores, 3%d; hinds, 5%d. New Zealand Beef.—Fores, 3%d; hinds, 4%d. BUTTER. Market steadier at present rates, and better demand for New Zealand at. about 206 s per cwt. Official quotations at October 28 are:— New l Zealand.—Salted, 204 s to 208 s per cwt. (Is 9%d to Is 10%d per lb.) ; exceptional, 210 s per cwt. (Is 10%d per lb.). Unsalted, 216 s to 220 s per cwt. (Is lid to Is ll%d per lb). CHEESE. Demand continues good, and prices are firmer. Official quotations at. October 28 are: New Zealand.—Colored, 104 s to 106 s per cwt. (ll%d per lb.) ; white, 104 s to 108 s per cwt. (ll%d to ll%d per lb.). WOOL. Sales closed Thursday with prices firm at advances already established except that extreme prices for fine and medium crossbred were not fully maintained during last week. Attendance excellent throughout, and competition keen from Home and Continent. Americans have been active purchasers of fine and medium crossbred greasy and slipe. Average closing values: 60-64’s (merino). Is fid to 2s 2d; 56’s (super halfbred), Is 4d to Is lod; 50’s (halfbred). Is to Is 2d; 48’s (fine crossbred), 10d to Is; 44-46’s (medium crossbred), 7%d to fid; 36-40’s (coarse crossbred), 7U to Bd~ CANTERBURY MARKETS. By Telegraph.—Press Association Christchurch, Last Night. The spell of activity which began some weeks ago shows no sign of slackening off. Oats, which have been in keen demand recently from Australia and Britain, are, if anything. a shade easier with regard to the Australian demand. The fine rains which have fallen there have had something to do with this. It is stated, however, that the business done among local merchants has been sufficient to reduce their stocks to a fairly low state. The demand locally is nothing extraordinary. Business in seeds continues good, mostly on account of orders from overseas, cowgrass and clover being especially good in this connection. This business has had tne effect, of stimulating the local demand. Stocks are understood to be low in the North Island. Should the demand for seed in the Dominion wake up in the autumn there is likely to be difficulty in supplying orders from the stocks on hand of the present season’s seeds. The one line that is excluded from the present activity in the seed business is cocksfoot, which continues to be as slow as ever it was throughout the season. BUTTER AND CHEESE. Messrs. A. H. Turnbull and. Co. report that thej* have received a cable from Messrs. \V. Weddel and Co., Ltd., Ixmdon, dated 27th Inst., with regard to the dairy produce market., as follows New Zealand butter: Unsalted, 216 s to 2205; salted, 204 s to 2OSs; market steady. New Zealand cheese: White, 104 s to 108 s; colored, 104 s ,to 106 s; market firm. Messrs. Nathan and Co. have received the following cablegram from London : Butter. 2065; cheese, white and colored, 108 s; both