COMMERCIAL.

Taranaki Daily News, 12 January 1921, Page 5

COMMERCIAL.

- SYDNEY WOOL SALES. By Telegraph.—Press Asan —Copyright. Received Jan. 11, 9.35 p.m. Sydney, Jan. ic The wool sales are resuming on Janu<* ary 31. The series will comprise 120,00(1 bales.—Aus.-N.Z. Cable Assn. FOREIGN EXCHANGE RATES. Received Jan. 11, 8 p.m. London, Jan. 10. Foreign exchange rates on London are quoted as follows: —Paris 61/47 francs to £1; Stockholm, 17/37 kroner; Christiania, 21/97 kroner; Calcutta., 18J pence to a rupee; Yokohama, 321 pence to a yen; Hongkong, 36 pence to a dollar; Montreal, 4/34 dollars to £1; New York 3/66% dollars to .£l.—Aus.-N.Z. Cable Assn. ( BRITISH LEAD ‘TRADE. London, Jan. 10. • The lead imports into Britain during' December were 22,784' tons, of which 4003 tons were Australian. Exports totalled 3099 tons.—Aus,-N.Z. Cable Assn. . r LONDON MARKETS HIGH COMMISSIONER’S CABLED REPORT. The Department of Agriculture has received the following cablegram, dated January 8, from the High Commissioner for New Zealand, London:— “Meat.—Home-killed supplies small with higher prices owing to closing qf several markets on account of foot and mouth disease. Closing prices are:— peef, Is ssd; mtitton. Is 9|d; lamb, 2f per lb, but higher prices ruled early ir the week. New Zealand mutton anc lamb in active demand at full prices New Zealand beef,’ox, 18£d and 7ld pe: lb; cow, 9d and 6%d per lb, hinds’am fores respectively. Frozen pork sellinj at Is 2d to Is (id per lb. - (‘Butter.—English, average price i £24 5s per cwt (4s 4d per lb); Irish very slow sales at declining price, sale £l6 16s per cwt (3s per lb), unsaltet held for £22 per cwt (4s per lb), nom Inal, with no demand. “Cheese.—Restricted demand for English; quotations barely maintained. Finest farmers, £7 5s to £9 per cwt (Ifi 3y 2 d to Is 7|d per lb); Canadian, demand has improved, and prices are firmer: white, £7 12s to’ £7 14s per cwt (Is 4Jd to Is 4%d per lb); colored, £7 16s to £8 per cwt (Is 4i%d to Is 5d per

,b > - “Hemp.—Manila in active derband at advanced price. “J” grade. OctoberDecember shipment, sold up to £6O per ton; January-March shipment up to £6O 10s per ton. New Zealand market quiet and steady. Nominal quotations are: High-points, spot, £54 per ton; January-March shipment, £52 per ton; fair, £52 and £5O per ton respectively. “Honey.—Market is dull and very little doing. New Zealand first grade, nominally 85s per cwt (9d per lb), lower grades down to 55s per cwt (6d per lb) BUTTER AND CHEESE. QUANTITIES RECEIVED INTO GRADING STOKES. Messrs J B. Mac Ewan and Co., Ltd., supply the following information regarding the quantities of butter and cheese received into the grading stores:— Butter. 1919 iwv increase Tons. Tons. Tons. 1920 December ..... 3789 6279 2490 or 66 Aug.-Dec. (five per cent months) .... 9532 17,250 7718 or 81 per cent. Value of Aug.-Dec. receipts last year, £ at 181 s per cwt. Value of Aug.-Dec. receipts this year, £4,830,000, at 280 s per cwt. Increase, £3,104,718. Cheese. 1919 1920 Increase Tons. Tons. Tons. 1920 December 10,039 10,737 698 or 7 Aug.-Dec. (five percent. months) 25,548 28,713 3165 or 12 Per cent. Value of Aug.-Dec. receipts last year, £‘2,563316, at 10%d per lb. Value of Atig.-Dee. receipts this year. £3,684,835, at 13%d per lb. Increase, £1,121,519. Value of cheese for 1920-21, calculated at 13Jd per lb, f.o.b. Total increase butter and cheese during 1920, £4,226,237. INGLEWOOD SALE. The opening sale at Inglewood for 1921 took place in the Farmers’ Co-op. yards on Wednesday, sth inst., with what was surely the smallest let of stock presented at these yards since the start. The holidays, though nominally passed, had not lost their influence, and all those who depend on the land for their livelihood were up to their necks, in work at this busiest season of the farmers’ year, so that such a small yarding was really no very great surprise or disappointment. As it was, the tone of the sale was fair. Small 18-months heifers sold for £5 ss,’ store cows from £5 J2s 6d to £B, young Jersey bulls made up to £lO, and springers from £9 to £l2 10s.