COMMERCIAL

Taranaki Daily News, 11 December 1920, Page 5

COMMERCIAL

LONDON MARKETS:' Bjr Telegraph:—Press Awn—Copyright: Received Dec. 10, 5.5 p.». London, Dee. t.' Wheat.—Market quiet. Australian aflos.: sold at 116s. , Flout.—Market dull. Oats.—Steady. / La Plata, spot, 140s «d Barley.—Unchanged. Peas and Beans.—Steady Sugar.—Granulated, 80s. Wool.—At the wool sales the tone wm unchanged, eighty per cent, of the offering! ;belng withdrawn. Bradford conditions are unchanged* quotations being very (Irregular: 64's, February-March, delivery, 4s. Silver.—The decline in ailver Is due to heavy Continental selling aUd large Chinese offerings.—Aus.-N.Z. Cable Assn. AUSTRALIAN MARKETS. Melbourne, Dec. 10. Hides.—Competition was keen and animated, and values were unaltered from last week. Barley—Quiet, Engl!,* 4s Td, Cape 3s ad. Oats, 2s «d to 2s 4d. '. Potatoes., £<S to £l4l. 5 Onions, £9 to £lO. LONDON TALLOW MARKETS. The N.Z. Loan and MeraanHle Agency Co. Ltd. have received the following: cablegram from their London house under date Dec. 8: Tallow: We quote present spot values for the following descriptions: Fine mutton, £2 18s (Id per cwt.; good beef, £2 17s per cwt.; mixed, £2 Cs per cwt. Restricted demand. BRITISH CONSOLS. Itecelved Dec. 10, 8.25 p.m. London, Dec. 9. Consols are quoted at £44 2s Od, and war. ' loans at £B3 2s Cd to £B3. The Bank of England returns quote short loans at !>% per cent., and discount In connection witt: three months bills at 6% pel ceut. THE METAL MARKETS. Received Dec. 10, 8 p.m. London, Dec. %. Copper, £79 17s 6d and £79 10s, Lead, £2O and £2O 15s. Spelter, £3l 10s and £33 2s 6d. ' Tin, £228 5s and £232 2s 6d. Silver, £39 15s. FOREIGN EXCHANGES)] Received Dec. 10, 8.25 p.m. London, Dec. 9. Foreign exchanges are: Paris, 58.67 franc! to the £; Stockholm, 17.91 kroner; Christians, 23.25 kroner; Calcutta, 10% d to the rupee; Yokohama, 34% d to the yen; Montreal, 3.99 dollars; New York, 3.44 dollars. TIMARU WOOL SALES. Tlmaru, Dec. 10. The first wool sale since the commanded was held to-day, when 1757 bales were offeret by Ave firms. There wan a good bunch oi buyers, but compctltoiu was restricted, and I large percentage was passed. The belt d* i maud was for half-bred which reached to lSd Following Is the range: Merino 15, dto I6d, half-bred Sd to 15% d, quarter-bred 6%d to lOd, crossbred 4ftd to 7%d, CorrMale 11%' d to 12d, Souttdowu 13'4 d. Timaru, Last Night. At the first wool sale hero a catalogue of 1751 bales was offered. About 1300 were- sold. Ilalf-breds were practically cleared at prices fully up to late Ctrlstchurch sales, Ihte»nuarter breds wero a %i, and quatter bweds Id lower than Clirlstchurch prices. Some ttrst-clnss merino was sold at 19d to 21d; other merino 14% dto lSd. No super halfbred was offered. (!ood to 12?; d, super thresquarter bred to 10% d, others Od to BH4. Quarter bred, top 7iid. others d»wn to 314*. scoured hair-bred to 23% d, and quarter-lrsd to 12(1. Fine pieces to 1 Til. Oreasy flue. pieces: Merino 14d, scoured ditto 12d. Good half-bred greasy pieces lOd to llftd, thre*quarter bred 7*jd, quarter-bred to 7d. Full benches of buyers were present. The wool was in fair condition. Pieces and bellies sold well compared with fleece wool, In soma.' cases for unore money. HIDES AND SKINS Messrs. L. A. Nolan and Co. report: At the last sale of hides and skins held at New rijimouth, prices showed a considerable decline in sympathy with other centres. There was a good attendance of buyers, hoth North Island tanners and exporters being well represented. The catalogue was a large one. Competition was dull for all lines with the exception of heavy and stout hides. The present decline in prices la cllefly due to a world-wide surplus of hides and skins. America, at this time of the year, has usually about 1,000,000 hides on hand, whereas at present the stocks amount to 9,000,00o! In. Great Britain the conditions are similar, whilst a market report received recently from' Spain discloses the same conditions existing there. Canada has Imposed restrictions on tho Import of hides, and inquiries are at present being made by Mr. Massey regarding them. There is absolutely no demand for export excepting for heavy stout hides, which realised up to ll%d. This was the first sale of sheepskins since the comaimndeer ceased. Prices were similar to those realised at other ceitres, being about 30 per cent on tte commandeer values. Full woolled skins under commandeer worth 12% d to 14d per lb. realised from 3d to 4d per lb., damaged and dead 5d to B%d realised from Id to 2%d. Prices for'hides were as under:— Cows, sound, 5%d to 6%d; ox, sound, heavy. 9%d to ll%d; ditto, light, B%d to 6%<1: bulls 2d to 2%d; yoarllngs, sound, 5d to 7d- calf sound, 41bs. to 51bs., 9%d to lid; eiba. and over, 7%d to 9%. Tallow was neglected, butelers' tallow realising 22s per cwt. The only line in ; keen demand at the sale was horse hilr, Which brought up to i9%d s « r i B . '