COMMERCIAL.

Taranaki Daily News, 23 December 1920, Page 3

COMMERCIAL.

AUSTRALIAN MARKETS. By Telegraph.—Press Assn.—Copyright. Received Dec. 22, 11.50 p.m. Sydney, Dec. 22. Oats.—Tasmanian, South Australian, Algerian food 23 6d, 2s 9d; milling, Ds; white, •Is, 4s 3d. Maize—White, 6s Od; yellow, 6s 9d. Potatoes, £2 to £5; Tasmanian, £lO. Onions.—Victorian, £lO. Adelaide, Dec. 22. Oats.—Growers' lots Is 9d. Brisbane, Dec. 22. Tile Queensland sugar crop is estimated at 231,000 tons, compared with 142,775 tons for the past season. BRADFORD WOOL London, Dec. 20. The Bradford wool market is inactive, but there is a more confident tone for the New Year. f EXCHANGE RATES. London, Dec. 20. Foreign exchange rates on London arc quoted as follow: Paris, 59.8 francs to El.; Stockholm, 17.83 kroner; Christiania, 23.53 kroner; Calcutta, 16% d to the rupee; Yokohama, 33 ! ,4d to the yen; Montreal, 4 dollars 13 cents to £1; New York, 3 dollars 49 cents.' THE FALL IN PRICE OF TIN. London, Dec. 21. The weakness in tin is due to the announcement that the report that the Malayan Governme.i had fixed the price at £245 Is Incorrect. It is now stated that the price filed is equivalent to £236. WOOL REALISATION. London, Dec. 21, The British Wool Federation considered the realisation proposal, but decided that as there are many points whereon more information is desirable before the Federation expresses an opinion, It will ask Lord Inverforth to receive a deputation with a view to further elucldation.-f-Aus.-N.Z. Cable Assn. LONDON MARKETS. HIGH COMMISSIONER'S CABLED REPORT. The Department of Agriculture has received the following cablegram, dated Dec. 18, from the High Commissioner for New Zealand. London:— "Meat.—Fresh meat trade brisk ear'y this week. Market quieter later owing to competition (ontinental meat. Absence of chilled beef supplies noticeable. Average prices are: English: Beef, Is mutton, Is 7'/ 2 d; hnmb. 3s lid per lb.. Imnor'ed, fair trade. "Butter.—Price. British tended lower this week. Irish, market very depressed and prices are much lower; new, salted, *M9 per cM. (3s 4Ud per lb.); stored, nomlnr''y, £l6 16s per cwt. (3s per lb). Danish ipw free, and promises have been made on prices account at £l4 16s per cwt. (2s 7d per lb) f.o.b. "Cheese.—Very little business In English tins week at last quotations, viz., .0 7 ltis to £9 Cs per cwt. (Is 4d ;■> .s d pev it.). Irish imutilated word), at -J6 4s to £7 per cwt. (Is l'/ 4 d to is 3d per llii. Canadian, s.i.>\ ouivket steady; white £7 <js to £7 16s per ewt. (Is to Is pel lb) ; colored, £7 14s to £8 per cwt. (Is 4%d to Is 5d per lb). c.l.f. business practically An; ished for this season; Intesl offers £7 in £7 5s per cwt. (Is 3d to fn 3'Jd per lb). "Hemp.—Manila market qu'et and easier. M' grade October-December shipment £57 !0s per ton; December-February shipment, £56 per ton; January-March shipment, £55 per ton. New Zealand market closed dull at last quotations (viz., spot, highpnlnts, £st per ton, fair £52 per ton.) DecvnihcrJaiinary shipment, £sl 10s and £SO. per ton respectively), but prices are purely nom'nal in absence of business. "Wool.—Sales have closed. Attendance large throughout, hut competition slow. Conditions lave not improved since opening. Two days' sales have been cancelled, and total offerings were 54,093 bales instead of 80.000 bales, including 8903 bales of New Zealand. Good medium quality New Zealand wool realised about last sales prices, but finer grades .have declined. Coarse neglected: Average closing values were: 60's to 64's (merino). Is lOd to 2s 7d per lb; 50's to 30's (halfbred). ,1s 5d to Is lid per lb; fiS's (fine crossbred), Is 3d to Is 5d per lb: 4i's to 4fi's (medium crossbreds) lid to Is 3d per lb; 30's to 40's (coarse crossbreds) lOd to Is per 11). All prices are more or less nominal, as less than one-third of total offering was pold. At yesterday's free sales (1000 bales of Australian were offered, and met with good competition, and practically all were sold at about 10 per cent, below Government limit."