COMMERCIAL.

Otago Daily Times, Issue 18141, 12 January 1921, Page 4

COMMERCIAL.

FOREIGN EXCHANGE BATES. Frees Association—By Telegraph—Copyright. LONDON, January 10. (Received January 11, at 8 p.m.) The foreign exchange rates on London afford the following comparison:— Par. Jan. 6. Jan. 10. Paris (fr.l 23.22* 60.78 61.47 Christiania (kr.) 18.169 22.63 21.97 Stockholm (kr.) ... ... 18-169 17.65 17.37 Calcutta (rup.) ... 10 to gold sov. 17* 18* Montreal (dol.) 4.86 4.30 4.34 New York (dol.) 4-86 3.86 3.66| Yokohama (yen) 24_*^ LONDON METAL MARKET. Press Association —By Telegraph Copyright. LONDON, January 10. (Received Jan, 12, at 1,10 a.m.) ( The following are the latest quotations on the metal market:— , Copper: Spot, £74 2s 6d; forward, £74 17s Spot, £Bl 10s; forward, *£od 10s. Lead: Spot, £24; forward, £24 10s. Spelter: Spot, £27 2s Gd; forward, £27 17s 6d. Tin; Spot, £2lO ss; forward, £215 ss. Silver, 3a 4*d per oz.—A. and N.Z. Cable. BRITISH IMPORTS OP LEAD. LONDON, January 10. The lead imports into Great Britain during December were 22,78-1 tons, of which 4008 tons were Australian. The exports totalled 3099 tons.—A. and N.Z. Cable. SYDNEY WOOL SALES. Press Association—3y Telegraph—Copyright. SYDNEY,' January 11. (Received Jan. 11, ajt 0.35 p.mA The wool sales will be resumed on January 31. The series will comprise 120,000 bales. BANE RETURNS. (Pm United Press association.) WELLINGTON, January 11. Bank of New Zealand.—The leading items are -—Note circulation, £5,480,250; Governdeposits,'- £5,016,825; free deposits, £35 522,764; fixed deposits, £8,412,329; total average liabilities, £35,093,781; coin, £3,388,199; discounts, £1,550,597; Government securities, £3,814,521; advances, £19,931,835; other securities, £461,393; total average assets, £23,957,047. National Bank.—Circulation, £874,440; Government deposits, £51,840; free deposits, £5,294,215; fixed deposits, £2,461,746; total average liabilities, £8,704,569; coin, £986,539; discounts, £308,673; Government securities, £1,127,295; advances, £7,277,562; other securities, £17,721; total average assets, £10,449,130. PRICE OP GOLD. (Pm united Pubs* Association.) WELLINGTON, January 11. The High Commissioner' cables from London on January 7 that the official price of, gold to-day is £5 13s 3d an oz on shipments to America. HIDE AND SHEEPSKIN SALES. (Fbom Our Own Correspondent.) AUCKLAND, January 11. The first hide sales held since December 14 were conducted in Auckland to-day. There was a full bench of buyers, southern firms being represented. Bidding was better than usual and competition was spirited. The first sheepskin sales held since 1916 were also conducted, the prices for full woolskins being easier, and the remainder on a par with prices ruling at the last Auckland sale. The prices for heavy hides were practically the same as at the last sale, while calfskins sold better. Heavy hides are reported to have sold for Bid to 9d per lb, and a few extra heavy hides to IOJd per lb. Cow hides realised from BJd to lOjfd per lb, and faulty hides, for which there was little or no competition, were sold at 3d to 5d per lb. At the sheepskin sales dry full-wool skins fetchel 4d to s*d per lb. Salted full-wool sheepskins were sold at 4s 9d to 5s 8d each. This season’s salted shorn pelts sold for Is 6d to 2s each, and spring lambskins for Is Gd to 2s 3d each. Faulty and damaged skins sold at relatively low prices. SHEEPSKIN SALE. The Dunedin Woolbrokers’ Association reports as follows: —The first sale since the Government commandeer, which was lifted in October, was held on Monday, and large

catalogues wero offered to a full attendance of buyers both from the north and south. Competition was keen to within a certain limit, and prices showed an advance on previous reports received from the north. Merina, 6£d to BJd; first halfbred, 72d to Dgd; halfbred, 6Jd to 7id; fine crossbred, 6|d to 7|d; first crossbred, 5Jd to 6Jd; crossbred, 4d to sd; hoggets, 5Jd to 6jd; lambskins, 5d to 5Jd; pelts, 2d to 3|d. RABBITSKIN SALE. The Dunedin Woolbrckers’ Association reports as follows. —A rabbitskin sale was held on Monday, January 30, when small catalogues were offered by the various selling agents. Bidding was brighter than that of the previous sale, and prices showed a slight rise. Quotations: —Summers, 6d to 8d; milky does, 6d to 7d; spring does, Od to 12d; spring bucks, lid to 14d; early autumns, 19d to 22d; autumns, 20d to 25d; fawns, 5d to 9d; weevily, 5d to 7d; winters, 20d to 28d; hareskins, 6d to 8d; horsehair, 14d to 18d. .