COMMERCIAL

Taranaki Daily News, 10 April 1922, Page 5

COMMERCIAL

LONDON MARKETS. ay Telegraph.- Press Assn.—Copyright. Received April 9, 5.5 p.m. London, April 8. Cotton.—Liverpool quotation for American middling upland, May delivery, is 10.28 d per pound. Rubber.—-Fine hard para 10%d per lb.; plantation, first latex crepe Sgd; smoked ribbed sheet B£<l. Hemp.—New Zealand. April-June shipment, £32 10s per ton. Jute.—Native first marks, April-May shipment, £<26 10s per ton. Copra. —March-May, £24 5s per ton. Linseed Oil.— £36 10s per ton, equal to 2s lid per gallon. Turpentine.—7ls 6d per cwt., equal to 5s 4%d per gallon. Money Market.—The cheapness of money is illustrated by the allotment of Treasury Bills at an average rate of 53s Id per cent., which is over 20s less than on January 13. All gilt-edg-ed securities are very firm. The 5 per cent, war loan touched par. P. and O. £305, sellers £325. . A West Australian loan will be advertised on Monday. It is redeemable in 1935-45, and six months interest is payable on December 1. • Sheep.—Canterbury, medium 8 l-8d; Patagonian, none offering. Lamb’s.—Canterbury, light and medium lljd, seconds 10 7-8 d; North Island, ordinary lid. Frozen Beef. —New Zealand, fores 2 7-8 d; Australian, fores 3-]d, hinds 4%d; Argentine, fores 3Ad; old New Zealand, -fores 2Ad, hinds 4d; chilled Argentine, fores 4d; Uruguayan, none offering. Other meats unchanged. Butter. —The market is eosior. Finest New Zealand, 180 s to 188 s, exceptionally good lots 190 s. Australian, finest 170 s to 1765; Danish, 196 s to 198 s. PORT OF LONDON CHAKGES REDUCED. Received April 9, 5.5 p.m. London. April 7. The Port of London authority announces reductions in the charges ranging from 5 to 15 per cent., bringing them to, 85 to 95 per cent, above pre-war levels.