COMMERCIAL.

Taranaki Daily News, 16 December 1922, Page 2

COMMERCIAL.

NATIONAL BANK DIVIDEND. By Telegraph.—Preus Association. Wellington. Dec. 14. The general manager of the National Bank of New Zealand has received a cable from London advising that the directors have declared an interim dividend for the half-year ended September 30 last at the rate of 12 per cent, per annum. AUSTRALIAN MARKETS. Sydney, Dec. 14. Oats.—Algerian feed. 4s 6d to 4s 8d; white (local and New Zealand), 4s 6d to 4s Rd. Maize.—South African 6s 2d. Potatoes.—Local, £l7 to £18; Tasmantan, £2O; Victorian, £l4. Adelaide, Dec. 14. Oats, 3s 2d to 3s 3d. Melbourne, Dec. 15. At the hides sales average quantities were submitted. All quality parcels and weights were in keen demand. Best parcels soldi in sellers’ favour. Barley.—English 4s 4d to 3s 9d; Cape, 2s 9d to 2s lid. Oats, 3s 7d to 3s Bd. Potatoes, £lO. Onions, £9. AMERICAN EXCHANGE London, Dec. 14. The rise In the value of the sterling exchange is unaccountable by movements on this side. Many foreign loans have recently been floated In New York, and much money raised thereby has been remitted to Europe, which automatically made a demand for sterling. This inspires the belief In some Important quarters that the appreciation of sterling may he checked when remittances go to America to pay interest on our debt. Nevertheless, the present outstanding factors include, firstly, the balance in favour of British trade; secondly, the lovfer prices of commodities in Britain compared with America: thirdly, the maintenance of the standard of British credit, which has been further improved by payments of interest on our debt to the United States. THE PIG MARKET. Only a few weanets were penned at Newton King, Ltd.’s New Plymouth haymarket yesterday, and prices ranged from 16s to 19s. Late cables show that the New Zealand Dairy Company's (Mr. Goodfellow managing director) Anchor brand butter is fetching 184 s in London. The company is arranging to pay out for November Is 2%<3 superfine, and is 4d for cheese.