COMMERCIAL.

Taranaki Daily News, 16 January 1922, Page 8

COMMERCIAL.

LONDON MARKETS. By Telegraph.—Press Assn.—Copyright. Received Jan. 15, 5.5 p.m. London, Jan. 14. Wheat. —Cargoes generally steady except Australian, which are offered rather more freely. January-February shipment quoted at 50/-; parcels afloat 49/9; January-February 49/6. Cotton —February shipment 10.50 d per lb. Rubber —Para 13£d per lb; plantation 10’/ 8 d; smoked 10y B d. Copra—Dull. January-March shipment £24 per ton. Jute—Slow. January-February shipment £26 per ton. Hemp—Dull. January-March shipment, £36 10s. ® Linseed oil — £3O per ton. Turpentine—72/- per cwt. —Aus.-N.Z. Cable Assn. LONDON MEAT MARKET. Received Jan. 15, 5.5 p.m. London, Jan. 14, Sheep —Canterbury light per lb, medium 6d, heavy 5%d, Southland 4Jd; North Island 5%d to s£d; New Zealand ewes 5%d; Australian sd; firsts sid, seconds sd; South American light 6d, heavy 5Jd; Patagonian light s£d, heavy sd; ewes 4|d. Lambs —Canterbury light 9d, medium B%d, heavy B|d, seconds B%d; Southland B%d; North Island selected B|d, ordinary B|d; Australian best BJd, fair Rd, inferior 7Jd; South American light Bd. Beef—'Frozen New Zealand new, nominal, fores 3?,d; Argentine hinds 5Jd, chilled Argentine fores 3sd, hind-8 61d; others unchanged.—Aus.-N.Z. Cable Assn. The New Zealand Loan and Mercantile Agency Co.. Ltd., have received the following cablegram from their London house under date of 11th inst.:— Tallow. —We quote present spot values for the following descriptions: Fine mutton <£2 2s 6d per cwt.; good beef £2; mixed £1 14s. Market dull. New Zealand frozen meat.—Lamb Rd •per lb.; wether and maiden ewes, light I s?d per ]b. heavy s|d per lb; ewe, light • .-Ud per JU. heavy 4’/ s per lb. Beef unI changed. Last quotations: Ox, hinds 42d per lb. fores 3}d per lb; tow, hinds per lb, fores 2|d per lb. TRADE OF AMERICA. Received Jan. 15, 5.5 p.m. « Washington. Jan. 14. The Commerce Department's figures show a big decrease in American trade for 1921. Imports total 2,508,000.000 dollars, against 5,278,000.000 in the previous year. Exports were 4,481,000,000. ‘against 8,228,000,000.—Au5.N.Z. Cable Assn. BRITISH TRADE RETURNS. London, Jan. 13. The Board of Trade returns show the principal decrease in imports to be grain and flour £7,470,000; meat, £5.172,000; non dutiable food and drink £5,712,000; raw cotton, £708,pnn. ■"'■nufactured oils and fat, £4,082,000. ....(•ng exports coal decreased £3.9/8,000; iron and steel, £3,900,000; cotton yarns, manufactured, £9,298,000: and'woollen worsted yarns manufactured £3,87V>.000. AUSTRALIAN LOANS. z London, Jan. 13. A Commonwealth loan will be advertised on Sunday. The final instalment of 40 per cent, will bo payable on March 23. and six months’ interest will be paid on September 1. The Australian Press Association learns that New South Wales was listed by the underwritters for a three million loan this* week, but the New South Wales Government unexpectedly requested its postponement, whereupon the, vacant date was offered the Commonwealth Government, which promptly accepted upon 48 hours’ notice. Received Jan. 15, 5.5 p.m. London, Jan. 14. The Financial News states that the Stock Exchange is inclined to think the terms offered for the Commonwealth loan are not overmenerous. —Aus.-N.Z. Cable Assn. ALBURY WOOL SALES. Sydney, Jan. 14. Wool sales at Albury attracted a large attendance. Yorkshire and American buyers obtained the bulk of the offerings.’ All the lines appreciated live to twenty per cent. Experts declared it the best show of district wools ever offered at Albury. THE DAIRY PRODUCE MARKET. Messrs. Oollett and Co.. Ltd., have received the following cable advice from their British principals: Creamery butter, 128 s to 130 s. Whey butter, 102 s to 104 s. Colored cheese 84s to 80s. WBiite cheese S4s to S6s. The market is steady. LONDON WOOL SALES. The Department of Agriculture hasreceived the following cablegram, dated the llth inst., from the High Commissioner for New Zealand, London: “Wool sales opened yesterday. With very large attendance from all sections of trade. Fbme and Continental, competition ruled keen throughout and practically whole of offering cleared. Prices all round show considerable advance on closing rates , last series, merinos realising 10 to I's per cent,.,

say. 2d per lb more; fine greasy crossbreds 20 per cent., sav 1M to 2d; medium 15 per cent., say J<l; coarse 7A per eent., say .Jd per lb more. New Zealand scoured and slipe about 5 per cent, dearer. This week’s offering B.A.W.R.A. will consist of:—Australian: Merino, creasy (>,500 bales, scoured 1.700 bales; crossbred’s, greasy 1.990 bales, scoured 300 bales. New Zealand: Crossbreds, greasy 3.100 bales, scoured 1,050, shpe 1,200 bales.