COMMERCIAL

Taranaki Daily News, 4 November 1922, Page 5

COMMERCIAL

FOREIGN EXCHANGES. FURTHER SLUMP OF MARK. By Telegraph.—Press Assn.—Copyright Received Nov. 3, 8.10 p.m. London, Nov. 2. Following are the current exchange rates, a comparison being given with the last report (October 80) and par:—

The slump in the mark is due to heavy selling following the announcement in the Budget of a deficiency. LONDON PRODUCE PRICES. Received Nov. 3, 8.10 pain. London, Nov. 2. Flour Is quiet; Australian ex store 40s. Oats and barley are firm. Peas and beans are steady. Sugar is unchanged. BETTER PRICES FOR HIDES. Received Nov. 3, 8.10 p.m. Melbourne, Nov. 3. At the hides sales competition was very spirited, and values improved as follows: With substance Id, heavies %d, lights par to 14 d. BRADFORD WOOL MARKET. Received Nov. 3, 8.10 p.m. London, Nov. 2. On the Bradford wool market there is small business, buyers being cautious. Sixty-fours worth from Gid to 63d: others nominally unchanged. WHEAT CARGOES. Received Nov. 3, 8.10 p.m. London, Nov. 2. Wheat cargoes are firm in sympathy with strong American advices, but buyers are slow in responding to an advance of threepence a quarter. Parcels are in poor request, and closed threepence down. Spot trade is quiet, with an easier tendency. METAL MARKETS. Received Nov. 3, 9.55 p.m. London, Nov. 2. I Copper.—Spot £62 16s 3d, forward £63 lla 3d. Lead.—£2s 12s 6d and £24 7s 6d. Spelter—£37 2s 6d and £35 7s 6d. Tin.—£l79 3s (Id. Silver.—34d per ounce. LONDON MARKETS. The New Zealand Loan and Mercantile ■ Agency Company, Ltd. have received the fol- ] lowing cablegram from their London house j under date Ist instant: — Tallow.—We quote present spot values for the following descriptions: Fine mutton 43s > Gd per cwt.: good beef, 41s 9d per cwt. There ( is an active demand for edible sorts. Mixed 1 37s per cwt. Market active. ( New Zealand Frozen Meat.—La rah 12d per lb. Mutton: Wether and maiden ewe, light, B%d per lb., heavy 7%d per lb.: ewe, light. 6 5-8 d per lb., heavy 6’4d per lb. Beef: Quotations unchanged. Small demand, but market Ann. Last quotation, Oct. 11: Ox hinds 4 7-8 d per lb., fores 3 l-8d per lb.; f cow hinds 3%d per lb., forea 25-8 d per lh. T

Nov. 2. Oct. 30. Par. Montreal (dol.) .. 4.46 4.44% 4.866 New York (dol.).. 4.46% 4.45% 4.866 Paris (fr.) 64.20 64.45 25.255 Stockholm (kr.) .. 16.60 16.65 18.159 Christiania (kr.).. 24.45 24.65 18.159 Copenhajen (kr.) 22.13 22.12 1S.15O Berlin (marks) .. 24,100 10,400 20.42 Rome (lire) 105% 113% 25.255 Calcutta la 3 11-16<1 Is 3 11-160 2s Yokohama 2s 2d 2s 2d 2s 0%d Hongkong 2s 5%d 2s 5 5-6d 2s