COMMERCIAL.

Press, Volume LVI, Issue 16914, 16 August 1920, Page 7

COMMERCIAL.

ENGLISH MARKETS. (B- Cable—Pre;s Association—Copyright-) (Australian and X.Z. C~ble Association.) (Received August 15th, 5.5 p.m.) . LONDON, August 14. Cotton—Liverpool quotation for American midd;icg upland cotton. September delivery, 23.75 d per lb. Jute—The market is quiet; August shipment £31 '10s, September £50 10s. Hamp—New Zealand is dull. May-July shipment £13. Rubber—Fiue hard Para Is Did per lb; plantation, first latex crepo la smoked ribbed sheet Is 10id. Copra—The market is quiet. August-Sep-tember shipment £44 per ton. Linseed Oil—£sl pe.r ton (equal to 66 ojd per gallon). Turpentine—l42s per cwt (equal to 10s 6Jd per gallon). , FRUIT AND PRODUCE COMBINE. (Received August 15th, 11.25 pjn.) LONDON, August 14. Leading London and provincial fruit and vegetable firms have amalgamated r.nd:r '.he name of tho Fruit and Produce Exchange, with a capital of £1,12J,Q00. They also proposs to establish subsidiary companies America and Australia, t AMERICAN FACTORIES IN CANADA. WASHINGTON, August 12. It is reported from Winnipeg that more than 200 American manufacturers established branch factories in Canada in 1919, including makers of chemicals, motor-cars, toilet preparations, and, metal apd wood-working tools. THE ZEALANDIC. (Received August 15th. 5.5 p.m.) NEW "YORK, August 14. The Zealandic has arrived from New Zealand with 3000 tons of frozen beef, 150,C00 carcases of lamb and mutton, 2000 tons of wool, 200 tons of butter, and 1050 tons of cheese. The veasel is hound fo'r Liverpool. CANADA'S CROPS. (Received August 15th, 5.5 p.m.) OTTAWA, August 14. Tho Department of Agriculture estimates Canada's 1920 crops as follows: —Wheat, 262.338,000 bushels; oats, 49G,306,000 bushel 6; barley, 63,438,000 bushels. BROKEN HILL PROPRIETARY, LTD. SYDNEY, August 14. Tho net profit of the Broken Hill Proprietary for the year ended May 31st was £517,000.

JAPANESE TEADE,

A. BANKER'S VIEWS. . (Received August lEth. 12.5 a.m.) TOKIO, August 14. Mr Inouye, Governor of the Baik if Japan, interviewed, said that tho fivo years of war had witnessed a great change in the financial and economic situation of Japan, primarily in the re'markablo of her foreign commerce. The increase in her j 6pecie reserves had resulted in an of the bank notes in circulation, which natur*a.lly contributed to th? enhancement of in- | dustrial and business activities. _ j The imports and exports had increased to three times what they were before the war, but Japan's foreign conrmerce in the near 1 future would probably show a decrease in imports and exports, although the imports still continued hijrh, and possibly would exceed the exports for some years. Japan's merchant marine totalled 3 0"0,000 tons. The preponderance of imports over exports in tho future constituted a menace' to Japan. , , "Our pTt-war foreign concluded Mr Inouye, "were negligible. They now total about 2 200,000,000. yen. It is, therefore, inconceivable that Japanese business will be faced with the necessity of raising money to the unfavourable balance of trade, or that our s-ecie reserves will suffer too a drain, Jaran's currency systeim will be qxuto as stable as ever." TALLOW. Dalgety and Company, Ltd., have received the following cable message from their London office .da ted 11th inst.:—Tallow—M-arket very firm. At the weekly auction 2000 casks were offered, and practically all sold. Prices have advanced. "Wo quote prime mutton 80s, prime beef 80s, good colour mutton 78s, good colour mixed 78s, no colour mixed 735, ana gut 68s.