COMMERCIAL.

Taranaki Daily News, 15 November 1922, Page 8

COMMERCIAL.

FOREIGN EXCHANGES. By Telegraph.—Press Assn —Copyright. Received Nov. 14, 8.55 p.m. London, Nov. 13. Following are the current exchange rates, a. comparison being given with the last report (November 9) and par:— Nov. 13. Nov. 9. Par. Montreal (doi.) 4.4GYb 4.46 4.866 New York (dol.) .... 4.47 4.46% 4,866 Paris (fr.) 69.45 69.75 25.255 Stockholm (kr.) .... 16.63 16.65 18.159 Christiania (kr.) .... 24.17 24.16 18.15'3 Copenhagen (kr.) ... 22.13 22.15 18.159 Berlin (marks 30,000 30,500 20.43 Rome (lire) 95% 105% 25.255 Calcutta 1/3% 1/3 11-16 2/Yokobama 2/2'j 2/2 2/0% Hongkong 2/5 y + 2/5% 2/BRADFORp WOOL MARKET. Received Nov. 14, 8.55 p.m. London, Nov. I’3. Bradford Wool. —Buyers cautious and the market very quiet; quotations nominally unchanged. BERLIN BANK RATE. Received Nov. 14, 8.55 p.m. Berlin, Nov. 13. The bank rate has been raised to ten per cent. CANTERBURY MARKETS. EFFECTS OF THE STRIKE. By Telegraph.—Press Association. Christchurch, Last Night. The holidays kept, business in grain and produce lines within very moderate bounds during last week, and now the seamen's strike is reducing it to almost negligible proportions. There are numerous orders from Wellington for flour, and it was vainly hoped this would be to some extent met by the despatch of the Tutanekai. The Progress has left for Nelson, Westport and Greymouth with a small quantity of flour and other produce. The Storm, for Picton, took a little flour, but most of the space was booked up before the strike. Orders for oats to a small extent, and also for bran and pollard, are coming in from Australia, but the shipping hold-up prevents business. Locally all classes of produce arc quiet. Potatoes have been sent to Dunedin, and it is expected there will be a good demand for old potatoes in the south if the shipping hold-up continues, as new potatoes will not be available from the north. It is expected the potatoes held up at Lyttelton Will find a market in the south. LONDON MARKETS. HIGH COMMISSIONER’S REPORT. The Department of Agriculture has received the following cablegram, dated 11th Instant, from the High Commissioner for New Zealand, London: Meat. Trade slow; good supply ail 5 descriptions fresh. Mutton : No change in prices for wethers, and supplies difficult to obtain. Ewes slow and slightly easier. Poor demand for beef. N.Z. Mutton—North Island 8d to 9d per lb, according to weight. Ewes—North Island, 6%d to 7d. N.Z. Lamb (at Nov. 11)—Best quality, lightweight, Is to Is 0 l-8d; heavy-weight, UVad; North Island—ordinary 11 %d, second-class quality ll%d. Chilled Beef: Fores 3%d, hinds 5%d. N.Z. Beef: I'ores 3%d, hinds 4%d. Butter. Demand is good for finest, slow market for other grades. New Zealand—Salted: November 11, finest, 214 s to 216 s per cwt. (Is lid per lb.) ; good to fine, 208 s to 210 s per cwt. (Is 10%d to Is ioy 8 d Per lb.). Unsalted: November 11, 224 s per cwt. (2s per lb.). Cheese. Market steady ’at the advance. New Zealand stocks practically cleared. New Zealand.—November 11: Colored, 128 s to 130 s per cwt. (Is l%d to Is 2d per lb.) : white, 128 s to 130 s per cwt. (Is l%d to Is 2d per lb.). PAHiATUA CATTLE FAIR. Pahlatua, Nov. 14. At the cattle fair yesterday there was a big attendance. The weather was showery. Over 2800 head were yarded. The top price was £7 2s for three to four-year Hereford cross bullo’Cks.