COMMERCIAL.

Press, Volume LVI, Issue 16962, 11 October 1920, Page 9

COMMERCIAL.

AUSTRALIAN WHEAT EXPORTS. (By Coble—Prose Association—Copyright.) (Australian and N.Z. Cable Association.) (Received October 10th, 5.5 p.m.) LOFIDOA', October 8. 2he Baltic Exchange reports that a few eeiiiiig ebips have been chartered for tho carriage ot Australian, wheat, at 130 a per ton. - LEAD AND COPPER. (Received October 10th, 5,5 pjn. LONDON, October 8. The lead imports during September totalled 16,872 tons, of which 9160 caniio from Australia. The exports totalled 7866 tons. 'JL'ho strength of tho price of standard copper is attributed to the emallnese of stocks and tho consequent nervousness of operators. eng-lisb: markets. (Bjeoedved October 10th, 6.5 pjn. LONDON, October 0. Cotton—Liverpool quotation, American Middling "Upland, 16.27 d per lb. Jute-~October-Novei»ber ebipment, £BH per ton Hemp—October-December shipment, £54 Wβ per ton. Rubber—Fine hard Para., Iβ 6id per lb; Plantation, first late crepe, Is 6Jd; einoked, ribbed «heet, Iβ 3id. Copra—The market is flat. October-De-cember ehipment, £56 5s per ton. Linseed Oil— ffi per ton (equal to 6e 2d per gallon). .Turpentine—l 36» per cwt (equal to 103 3Jd per gallon). 1 JAPANESE FOREIGN TRADE. (Received October 10th, 6.5 p.m.) "WASHINGTON, October 0. According , to cable advioes from Japan to the Department of Commerce, Japan'e foreign tredo for the first nine months of 1029 resulted in on unfavourable balance of approximately 196,000,000 dollars. CANADIAN WOOL MARKET. (Received October 10th, 11.25 p.m.) ■ : OTTAWA, October 9- j The Agricultural Department has issued * statement pointing out that the wool market 1 Sβ panicky, owing to the re-entry of Austrar Han wool into the open markets of the -world, ' and the continued holding of wool '■ by American growers, and the failure of free ! gelling wool to materialise. AMERICAN SUGAR PRICES. (Received October 10th, 11.3s p.m.) OTTAWA, October 9. Th* Canadian euger refiuere are appealing to the Government to take action to guard them against loss, in view of tho difference in eugivr pricee in the United States jttid Canada. - AMERICAN WHEAT PRICES. (Received Ooiob*r 11th, 125 a,m.) NEW YORK, October 10. The- United Stales "Wheat Growers' (Association, with a- meniocrenip ' of. 70,000 in Kansas, Oklahoma, Toxae, and South Dakota, his issued a proclamation urging members to refrain from selling wheat after October 26th until eucli lime ae the price of good wheat rises to three dollars per bushel. CUBAN BANKS IK TROUBLE. I {Reoej#d October 11th, 12.5 a.m.) HAVANA, October 10. Owing: to failing: sugar prices, tho International Be.nk of Cuba, with, a capitalisation of ton prUlion dollars, has provisionally suspended payments. Depositors ■with other bftnke, tak&UT fright, also mad» large Tvithdrawala. Tho Havana Stock Exchange has temporarily suspended operations. THE WHEAT PROBLEM. SYDNEY, October 9. Tho Premier has agreed to a Premiers' Conference at the end of October, to deal with the wheat ■problem and tho world's parity. MEAT PRICES. . (press association telegram.) AUCKLAND, October 0. The Auckland Pricee Investigation Tribunal has considered a comprehensive report /in meat prices which covers every branch of tho meat industry, from tho price paid for stock in theealeyards to half of the by-pro- . ducts. According to this report butchers operating in the city and euiurbe have been losing money on tho retail meat businese. The present is considered to be the most unfavourable period of the year for butchers, so far as prices go, and the report wiU eorve S3 a. good basis for the Tribunal to iuveetiga.te charges rc*de for meat during other periods in the year. AMERICA*"' ANGLO-FRENCH LOAN. (Received October 10th, 5.5 p.m.) NEW YORK, October 0. Arrangements for meeting tho AngloFrench five hundred million dollar loan on October 15th are -virtually completed. Both England and France are ready to meet their ehares. WHEAT THF.ESHING RETURNS. Th« Wheat Controller forwards the following- threshing returns for tho period ended October 7th, 3920: — Bushels. Threshing returns received to date 4,COB,CSG Contracts to purchase— Good milling .. .. 3,657,583 Fowl wheat .. -. 7V.056 Amounts paid to farmers through Government brokers, £1,459,397 Oβ lid, representing 8,675,062 bushels. NEW ZEALAND WOOL SALES. Tfca representative of a prominent Accklaae firm cf i7oollrbkcra eiaifd laet week that it was anticipated thai buyers fiom the United Stales, «tapzn, sod. Britiin -rrould

nttond the wool sales throughout. Iho Dominion this eeason,- commenciu;* in Christcliurch on November 35th. Tho information that the -wool sales were to bo resiuned ha<i been widely circulated in the co - ontrie3 montioived, and it was practically certain that ample shipping spaco for all wool purchases would be available.

RETAIL PRICES. Tbp Septejnber number, of the "Monthly Abstract of has- the-following:— The index xiumbgr for tho. three food.groups far tho month of August (Dominion .-weighted overage) is 1834, an increase of 43 points ne compared with the precedmjr month'© figure, and of 71.40 per cent, as compared with, that for July, 1914. The large increr.ee shown by th'e August p_rice_ index i<? due in great meaeure to tue rise in. the price of sugar. The meat group, too, shows a fajrly substantia L increase, wiiile, on the other hand, the dairy produce group , manifests a slight fall. During the June quarter bf1920 the amount required era the' average to" purchase in each of the four ceniree that amount of food which -would have coet 28e on the average for tho four chief centres during. the year» 190913 was *e follows, the corresponding figures for March quarter, 1920, and June quarter, 1&19, being given by ivay of comparison:— ■ I , ■ June March .Tune Quarter, Quarter, Quarter,' Centre. 1930. 1323 1919. i ■ «.. <L ■ s, <1. s. d. Auckland ... 34' 6J 33'-. 7 . 30 7 Wellington ... 35 0 ..33 GJ 21 13; Christoburch ..31 4 ' ' .34 S. ' 28 10i Dunedin' .. 34 '9£ ' 34 llg .30 RJ Average .. 34 SJ' Hi 2i 30 2fc In the April number of. the Abstract it was explained tbat, for certain obvious reasons, Tollable- index number* of the prices of cloihiusf and miscellaneous items cannot be compiled, but from information (admittedly somewhat imperfect) collected by the ofßce n. joughly approximate increase in clothing cosie since outbreak of the. war was (riven; similarly it may now be stated that tho increase in the coet of- olothinjr bottreen July, 1014, and July, 1920, hp.e been o-scertained. to be approximately 2flO per'cent. If thi* figure (200 nor -cent.) and the la to«fc- ascertained index numbeie for.fuel and.light and for rent (ihceo for Außijst, i 920) ar» oofnbined in their proper piopoartioiis with' the index number for fond quoted above,., the following ' figure* result, tt&sumiTO? the ini»sellnneoua group of items, for which price statistics cannot be collected, to have increased SO per cent, einco the ontbreak of w.it:— - . Increase per cent, over July, 1914. Food. Bent, unci Fuel Food and All Month. only.. Light. ■ Groups. July 1317 .. 27 . IS " 2G . July, 1918 .. 39 Sβ 10 July, 1919 .. 44 ?.n. 4!) - Maroli, 1920 f>2. 43. r,3 Atisuet, 1320 71. ; 56 . . 77 TATT3RSALVS HOKSK' SALK. 11. Matson Ktvl Co. had an entry bf 69. boisee on Saturday. A large number ct good young , farm horses •were among the enitry, which eoi-J J-eadily at vrices quit* up to lecent sales. Among the jmnoipal traneactions were:—For J. Sha-w (Tima.ru), 7-year-old Roldin? £53. 5-ycar-old geJdia? £30, 5-year-old mare- £49, 3-year-old colt £29, 8-year-old maro X-28, 9-year-oVd £2-0,. 5-ycar-old pony £10 10e; Rakaia client, C-ye«r-old ma,Te Xl'«, aged mare £17; E.' QuaH [Uars.)vland), aged mure £9 10s: E. Johnston (Sydenham), 8-year-old gelding £50; W. Arderson, (Siccarton), 8-T«ur-old mare i'3s 10s; H. McLwxl (ChristeburoW. 8-year-cld mare £iO, oged geldin? £14; clierrt, 5-j-ear-oH mare £W £10; Ellesmerc client, 8-year-old inaro £&a\ T. Donaidson (Sydenham), aged mare £25, row© £W. The bay etallion Baron Surprise, was eo\A on account of Mr John Wyllie (OmiW) to Mosers J. and W. Shaw (Timaru) at a very naiieiac'nry figure. Aged hacka and harness Imrsea sokl ae usual. NAPIER HAR.BOUR BOATID'S LOAN. The Kwpier Harbour Board is the latest local body in the market with a. 5J per cent, loan, and tho"*> in authority ore. unanimous in their opinion th>t i-.iducementa are bein» held oat. ir.ii.in .(■.: .vii.cii we notice that provision has b*cn mad<; vfK.rnby. iavestois can have thrir debentures inscribed, »nd t!ie period of the isßue may, at the orrfion of tpplioante. ba for ten, twenty, or thirty years. Act at once to save disa-Tjpoiiilmcnt. 2 SATURDAY'S POI7LTRY MABKET. Jlesera J. B. Menptt and Co. had a faLeutry o! pouVtry r,n Saiunlay. Tho deinand far «xce*dcl tlw> supply, and eomfc eiceprtional prioes were obtained. Table chickens reaJised Ss 9d to 1C» !Jd, hens fis to 13» 6d, puileU lla to 18e 3d, oucke 8s fid to 14e 3d, turkeys 03a to G4s, ell per pair. EGG MAJJKET. A g-ood supply of egge continnes to come forward, and there i» a. (?ocd demand. Canterbury E. 7? Circle, first ?rad«. arc seconds Iβ 10d, ducis 23. This price rulee till ibe end of November. 6 STOCK EXCHANGES. AUCKLAND, October 9. Sa>:-3 reported:—Bank of New Zealand, £23 : 15e. ' DUNEDIN, October 9. Sale? on 'Change:—National Insurance, 735; Hudde.rt-Parker, S3«; New Zealand Bc(pori), 45s 9d. .