COMMERCIAL.

Taranaki Daily News, 18 December 1922, Page 2

COMMERCIAL.

FOREIGN EXCHANGES By Telegraph—Press Assn.—Copyright. London, Dec. 16. Following are the current exchange rates, the last quotation (Dec. 4) and par being given for comparison :

LONDON MARKETS. London, Dec. 14. Cargoes steady ifi of the advance of Canadian and United States options, but. the demand is slow. Parcels are steady. Hangerlahd sold at 525. The spot trade is slow. New Zealand e± store 44s 9d, Australian, none offering. Flour is dull. Australian ex store 41s 6d. Barley Is quiet. Australian chevalier, spot, 50s ( New Zealand malting 495, feed 355. Peas are dull, 82s Gd being asked for New Zealand maples March-April shipment, blues, spot, 350 s to 3605. Beans are quiet. New Zealand spot 525. WOOL DISPOSAL. GOOD COMPETITION AT HOME. London, Dec. 14. At the wool sales there was rather a better selection for merinos, the remainder being chiefly oddments. There was good competition, but prices were Unchanged. Kaiapoi made £3. At Bradford there is a quietly confident tone and rather bettefr quotations with firmer prices. Sixty-fours 61 d, sixties 545, fifty-sixes 35d, forty-sixes 17%d. CANTERBURY MARKETS. Christchurch, Dec. 13. Business Is very dull at present and is not likely to show much revival until after the holidays. Operators are showing little disposition this year to indulge in forward business. A large quantity of peas has been sold for export, but the market is scarcely so buoyant as sortie weeks ago. Malsters are not yet showing ny anxiety about barley supplies, but if they are to depend this year entirely on the coming crops they may find themselves in short supply. There are still good supplies of last season’s big crop on hand, but there has been some export recently, and the probabilities are that in a month or so. when the crop prospects are more definite, the present indifference may disappear. All classes of seeds are holding their position, with only small business doing. LONDON WOOL SALES. London, Dec. 14. At the wool sales there were miscellaneous offerings of all descriptions. Prices were unchanged. ADDINGTON STOCK MARKET SATISFACTORY PRICES RULE. Christchurch, Dec. 13. At the Addington market to-day there were big yardlngs of practically nil classes of stock, with satisfactory prices throughout. Store Sheep.—A big entry, but on account of the heavy rain buyers were few. The demand was erratic, though values were up to last week, and passings were more frequent than at recent sales, vendors having excessive reserves. Forward 4 and 6-tooth wethers made 24s 5d to 25s sd, ordinary 19s Gd to 22s Bd, two-tooth wethers 17s to 17s 2d, eUlis 8s fid to 13s 4d. aged ewes and laimbs 17s to 20s, rape lambs 23s 4d. Fat Lambs.—l 464 were penned. Export buyers operated for the first time this season, nnd there was a very keen demand, lambs for the works costing lOd per lb, and for butchers to IOUd. Extra prime lambs made 34s to 365, and some special 395. prime 30s to 335, medium 27s <sd to 29s 9d, light and unfinished 25s to 275. Fat Sheep.—A bigger yarding than for some time. Exporters operated for light mutton on a basis of 5%d to 6d per lb for wether and 5d for ewe. The butchers’ basis was from 6d to for wether mutton and to 5%d for ewe. Prices were down on last week by Is 6d to 2s 6d oor head. Extra prime wethers made 33s to 375, and some special 40s Id. prime 29s 9d to 32s Gd, medium 27s 3d to 29s fid, light and -unfinished 24s 9d to 275, extra prime ewea 34s Id. prime 27s to 30s, medium 24s to 265, light and unfinished 21s to 23s 9d.

Fat Cattle.—A yarding of 338, all Canterbury grown. There was a weaker demand, and a drop of Is to Is fid per 100 lb. Choicest beef sold up to 30s per 100 lb, good 27s to 295, heavy 25s to 275, medium 22s Gd to 24s Gd. Inferior 19s to 22s Id, cow beef 15s to 17s fid. Extra prime steers made £l2 15s to £l5, prime £lO to £l2 10s, medium £7 5s to £9 15s, light and unfinished £5 15s to £7 2s 6d. Extra prime heifers £lO 10s, prime £6 10s to £R 10s. ordinary £4 15s to £6 7s fid. Prime cows £5 15s to £8 2s fid, ordinary £4 to £5 10s. Vealers.—A weaker demand. Good runners £3 17s, ordinary vealers £2 15s to £3 7s 6d, small calves 4s upwards. Store Cattle.—A better conditioned entry and improved inquiry. Three and four-year-old steers made £5 4s to £6 16s, two and 2% -year-olds £2 15s to £3 ss. yearlings 27s Gd to 35a. Eighteen months to two-year-old heifers, good sorts £3 to £3 10s, small 35s to 42s fid. Dairy Cattle. —There was moderate competition for good sorts only. Extra good second, third, and fourth calvers £7. Extra good second, third, and fourth calvers. springing, made £9 ss, good £4 to £7. Extra good springing heifers £2 10s to £6 10s. Fat Pigs.—An improved inquiry for porkers, but haconera were unaltered in price. Light porkers made 35s to 425, heavy 45s to 50s (average price per lb fid to light baconers 52s to 58s, heavy 60s to 69s (average price per lb, heavy 4d to 4%d, light 4d to 4%), choppers 30s to 62s fid. BURNSIDE STOCK SALE. KEEN DEMAND FOR SHEEP. Dunedin, Dec. 13. With the exception of the fat cattle there were only moderate entries in the various departments at the Burnsid sale to-day. Fat Sheep.—A medium yarding, numbering 2216 head. With the exception of about 100 head, the whole of the entry was shorn. A large proportion of the yarding comprised good quality wethers and ewes. Prices for all classes of sheep showed a rise cf from Is to 2s per head. The entry was larger than that of last week, and the quality was good. The opening prices were on a par with late rates, but firmed as the sale progressed. The market was very buoyant, and the prices now being obtained for sheep at Burnside are rapidly approaching the extreme rates paid during the war period. This doubtless Is due in a large measure to the high prices ruling for wool. Handy-weight wethers brought up to fid and 6%d per lb, heavy ditto 5%d to fid, prime heavy ewes 5d to 5%d, light and aged 4%d to sd. Extra prime heavy-weight shorn wethers realised 40s to 45s per head, prime 34s to 38s 9d, medium 29s to 32s Gd. Prime shorn ewes realised from 32s 3d to 36s 9d, medium 25s 6d to 31s. Extra prime heavy-weight woolly wethers realised from 50s to 53s 3d, prime 38s 3d to 47s 6d, medium 32s to 365. Prime woolly ewes realised from 40s 3d to 50s, medium 32s to 38s fid; light and unfinished sorts 27s Gd to 30s. Fat Cattle.—A large yarding, numbering 305 head. The entry Included a number of pens of excellent quality cattle, most suitable for the Christmas trade. Competition was keen for all prime quality beef, and the market consequently was firm. Prices generally, however, were 10s per head below last week’s rates. Best bullocks made up to £l5, prime £lO 10s t« -jßfldJ’im £8 tB.J3.fi. light

from £G. Extra prime cows and heifers unade to £9, prime £6 to £B, medium £4 10s to £6. Handv- weight prime bullocks sold at up to 278 Gd per 100 lb, heavy-weights ditto to 255, medium quality 23s to 255. prime heifer to 22s Gd, light to 20a, cows 17s to 18s Gd. Fat Lambs.—l9s were penned, and many were of excellent quality. The prices obtained were on a par with last week’s rate. 1 rime lamb was worth 9d to lOd per lb, medium quality B%d to 9d. Extra prime lambs made from 31s 9d to 33s 3d, prime 26s 3d to 30s, lighter sorts up to 23s 9d. Store Cattle.—A small yarding was offered. The quality was not up to the usual standard. A few half-fat cows sold at from £2 to £4 per head. Young and backward cattle were hard to quit. About thirty head of dairy cattle were offered, and a satisfactory sale resulted. Best cows realised from £5 to £9 10s per head. Pig ß .— a medium yarding, all classes being represented. Competition was fairly brisk, especially for baconers. Best baconers realised from Gd to 6V 2 d p" lb, and best porke?a from to 7d.

Dec. 14. Dec. 4. Par. Montreal (dol.) .. 4.67% 4.52% 4.866 New Yofk dol.).. 4.65% 4.53% 4.866 Paris (fr.) 64.65 64.80 25.255 Stockholm (kr.) .. 17.23 16.77 18.159 Christiania (kr.).. 24.37 24.41 18.159 Copenhagen (kr.) 22.23 22.19 18.159 Berlin (marks) . 36,00(1 37,000 20.43 Rome (lire 92% 90% 25.255 Calcutta . .. Is 3 15-16d Ls 3 15-16d 2s Yokohama 2s l%d 2s l%d s 0%d Hongkong 2s 3%d 2s 4%d 2s