COMMERCIAL

Otago Daily Times, Issue 18053, 29 September 1920, Page 4

COMMERCIAL

NEWSPRINT PRICES. " News on reel, yd per. lb, f .o.r." —£74 yer ton—this is tho advertisement which mcvt worries the newspaper proprietors of Great Britain (writes tho London correspondent of tho Sydney Sun, under dato of August 5). Ho goes en to say that in tho last two years 485 publications have doubled and trebled tlioir prices and vastly increased thoir advertising rates. They are still strcnuojisly etriving to obtain moro revenue by changing moro for their papers, and by passing sonv of the extra cost of pioduction on to tho advertisers, but fow of them can show any profit. Tho cost of raw material ncwsj.-'-,it has risen beyond all anticipations, and th« other charges governing tho expenso o x newspaper production have soared in unison. The Times has just issued a fortnightly initialed paper,_and tho price is Is 6d—just threo times what it would have been beforo tho war. A few of the big papers drawing largo snips from enterprising business firms aro managing to keep ahead of the constant rise in costs. The Daily Mail, with an actual circulation of over a million a day, has ft contract for advertisement with Ha.-r >u'3 (lid.) for £100,000 for tho next 12 moaths Other papers without the same pull, however, hove to work under most distracting concl'.wiis to mako ends meet. No pulp or paper manufacturing mill discloses any desire to reduco their quotations. England is trying to become partially independent of Scandinavia, her' main source of pulp supplies in recent years, by acquiring forest concessions and interests _jn pulp mills in Canada. Somo light achievement has to be recorded in this direction. England is hoping that prices will not go any higher, but nobody is very Banguino on this point. Nor is there any optimism as to any early substantial drop in quotations

LONDON QUOTATIONS. \ LONDON, September 27. (Received Sept. 23, at 0.10 a.m.) X3old, £5 17s lid per - oz; moderate sales going to India. Waihi shares: Buy. 33s 9d, sel. 36s 3d. Waihi Junction: Buy. 0s Od. Talisrrran: Buy. 6s 6d. —A. and N.Z. Cable.

LONDON METAL MARKET. LONDON, September 27. (Received Sept. 28, at 9.35 p.m.) Copper: Spot,. £35 7s 6d; forward, £96 12s (kl. , Electrolytic: Spot, £113; forward, £117. Lead: Spot, £34 17s 6d; forward, £35. Spelter: Spot, £41 ss; forward, £12. Tin: Spot, £271 2s 6d; forward, £27612s Gd. Silver, 4s llgd per oz—A. and N.Z. Cable.

WOOL SALES. LONDON, September 27. (Received Sept. 29, at 0.10 a.m.) At tho wool sales about half the catalogue was sold. .Merinos and greasy crossbreds are unchanged, low crossbreds being withdrawn. Scpurods j.to selling well. Bradford business ia unimproved, and quotations aro irresrular —A. and N.Z. Cable.

FOREIGN EXCHANGE EATEP. Press Association—By Telegraph—Copyright. LONDON, September 27. fne foreign exchange rates on London afford the following comparison:— ~.,,. Pnr - s ept 23. Sept. 27. Pans (tr.) _ ... 25.22J 51 17 50 40 Christiania (kr.) _ „, 18.15!) 2515 btockholm (kr.) „. ... 18.15Q =■ 17.30 17-11 Oaloutta (nip.) _10 to gol.l sov. 22Qd ""M Montreal (dol.) _ ... 2.8 C 3.83 383 New lork (dol.) _. ... .1.37 3.50 3MI lotohama (yen.) s-iw 3^d 35^

CANTERBURY GRAIN MARKET. - (PER UXITED TUESS ASSOCIATION ) CHRISTCHURCII, Septcru'ljer 23. Ihe gram trade has not been so quiet for m«my months as it is at present. Any business occurring is mostly in small lines. Particularly is this tho case in regard to oata, tho market for which dining the past week has been practically stationary. Seed wheat for resowing was in request after last week's downpour. Tho present tall of rain on somo localities, where tho newly-sown lands wero already waterlogged will add further to tho damage, besides rendering resowing at" this late period doubtful wisdom. The previous rain in the earlier sown districts is reported to havo done good rather than harm. "

GRAIN AND PRODUCE REPORT. Dalgety and Co. report as follows: — Oats.—Thero is no'life in the market, thero being practically no offerings from the country, whilo neither millers nor merchants are operating. Wheat.—ln the absence of any business thore is nothing to report. ' Potatoes.—Fair supplies of northern tubers aro coming forward to a well-supplied market, and meeting with a slow sale. There is some inquiry for seed lines. quoteBest Canterbury, to £1 10s; others, from £3 per ton (sacks Is 8d). Chaff.—There is not a great deal of chaff coming to hand, but tho quantity arrivin" is quito sufficient for the. demand. The greater part of the offerings consist of and inferior lines, which aro difficult to quit oven at reduced rates. We quote: Primo oaten* sheaf, to £3 ss; good to best feed, £7 15s to £8; light and inferior, from £6 per ton (sacks extra).

Donald Reid and Co. report:—We he'd our usual sale of grain and'produce at our stores on_ Tuesday, tho 2Sth instant, when tho following prices wero realised: Potatoes.—The market is easing. Consignments from the north aro increasing and sales aro difficult to effect. • We quot""' Northern varieties, £3 to £1 10s, according to quality; Taieri-grown, £5 to £5 10s (bajrs extra, Is Sd). Oats.—The pnsition remains the some aa last week. Millers and merchants arc not operating, and only feed and seed lines aro saleable. Black Tartars and Webb's Chal' lenco arc inquired for. Chaff.—Prime black oats, £3 os; good to best feed,-£7 10s to £?'; medium, light and discoloured, £5 10s to £7.

PROPERTY SALE. Alex. Harris and Co. offered at auction yesterday at their rooms four freehold properties fronting Carroll and Maitland streets city. Thero waa <i good attendance of buyors, and under keen competition the following wero sold:—Lot 5: Two thrco-roomed cottages, were knocked down to a client at £325. Lot 3: Five-roomed house, sold to Mr Sims for £520. The other lots, not quit* reaching tho reserves, wero passed in.