BRITISH TRADE.

Hawera & Normanby Star, Volume XLII, Issue XLII, 15 April 1922, Page 7

BRITISH TRADE.

XATEST REPORTS OF THE MARKETS.

- 3Y CABLE—PEESS ASSOCIATION—COPYRIGHT . Received April 15, 9.25 a.m. _ . LONDON, April 14. Joreign exchange rates are: Paris -47.63 francs to /the £1; Stockholm 16.96 kroner; Christiania 13.90 kroner; Copenhagen 20.78 kroner; Berlin 1320 marks; Calcutta 15|d to the rupee; Tokohania So^d to the yen; Hongkong 30d to the dollar; Montreal 4.53 dollars to the £1; New York 4.42 dollars. The Stock Exchange has closed very £rm on the reduction of the bank rate. Consols are quoted at £59 7s 6d. P. and 0. shares are quoted: Buyers JB3IO, sellers £330. • Butter—New Zealand choicest 178s "to 182s, exceptionaly good lots 184s, •unsalted 180s, secondary 170s to 1765; Australian choicest salted and unsalt--ed 166s to 170s, exceptionally good 182s, secondary 158s to 1645; Danish 184s to 186s, Trade is quiet, bu^ the market is firm at the lower basis/ Cheese is quiet.' Best New Zealand white 80s to 86s, coloured 88s to 925. Australian* has been temporarily clear--ed>-

Lead imports for March are 13,40.) isons, of which 5767 tons are Australian "Exports during the month were 4658 tons. .

The Bradford wool market is quiet. Topmakers are advancing quotations for all qualities from fifties upwards. Wheat is in better denfand for the ■Continent. This combined, with a reduction of the "bank rate, has firmed the cargo market. Australian is 3d to -6d dearer. The King Edward's cargo lias been sold at 55s 3d a quarter. The spot trade is very slow. Australian ex quay is quoted at 60s 3d. Flour 45s ex store. Barley is meeting.with more inquiry, prices are firm. Oats are quiet. Peas are easier. Tasmania blue& 440s 'to 500s a quarter. Beans are steady. Wheat freights are very quiet, a ■ steamer fixed for April loading at Syd~iied 47s 6d for one port of discharge -and 48s 9d for two ports. Sugar is unchanged. ■ The principal decreases in imports "for March were: Meat £2,908,132, -other non-dutiable food £2,910,669, oils -and fats £2,028,102. Decreases in ex"ports were > Cotton yarns £2,026,454, ,'machinery £1,417,675. Increases were shown in the following imports • Wool £2,748,392, grain andilour £1,610,482, -Taw cotton £1,418,131. The increase >in the export of coal was £1,503,433.