COMMERCIAL.

Otago Daily Times, Issue 18159, 2 February 1921, Page 4

COMMERCIAL.

SHIPMENTS OF PRODUCE. The following dairy produce is being shipped from Canterbury, Otago, and Southland within the next few days:— BUTTER. Boxes. Fakeha, from Lyttelton 20,000 Somerset, from Lyttelton a,OOO Port Melbourne, from Lyttelton .. .. 10,000 Paparoa, from Dunedin 16,041 Pakeha, from Dunedin 2,400 Durham, from Bluff 3,200 Pakeha, from Bluff 4,000

Total .. 63,6-11 Representing £443,487. CHEESE. Crates. Durham, from Bluff .. .. 6,269 Pakeha, from Bluff 14,820 from Dunedin 8,600 Durham, from Dunedin 2,465 Durham, from Lyttelton 1,428 Somerset, from Lyttelton .. .... .. 3,762 Raranga, from Lyttelton .. ... .. .. 2,200 Total 89,344 Representing £376,000. Of the 21,089 crates of cheeee to ha shipped from the Bluff, the New Zealand Producers’, Association will consign 10,865 orates. The basis on which the produce is allotted is: first into store is first out into the ship.

HIGH COMMISSIONER’S CABLE. iTsh Uhttid Press association.! WELLINGTON, February 1. The Department of Agriculture hae received the following telegram, dated January 29, from the High Commissioner for New Zear land in London:— Meat.—The market is quiet. Supplies of good quality are light, and prices are firm. For fresh-killed the average prices are: Beef, Is SJd; mutton, Is lOd; lamb, 2s 2dl per lb. For tho imported article there is a good trade. There is a noticeable shortage of chilled beef. New 'Zealand ox hinds are realising about 101 d and fores 7|d per lb. Lamb is in short supply. Butter.—The next Government distribution at IT4 18s 8d cwt (2s 8d per lb) wholesale will be made on February 2. The trade has been notified that application need not be limited to two ounces ration basis. Irish is in better demand, at iT4 10s to 115 10s per cwt (2s 7d to 2s 9d per lb). For Danish the market is depressed. Purchases for the United Kingdom continue to be made at falling prices. Cheese. —The market is quiet and steady. English, finest farmers’, £8 to 19 per cwt. (Is 5d to Is 7d per lb), and there is a fair demand for cheaper quality. Canadian is in moderate demand at, last rates—viz., £7 16s to £7 18s per cwt. (approximately Is 4Jd per lb) for white, and £7 18s to £8 per cwt. (approximately Is 5d per lb) for coloured. New Zealand, Tainui shipment, is good quality, and will meet a good market when available. Best coloured spot has been sold for £8 per owt. (Is 5d per lb); white, £7 16s per cwt. (Is 4J d per lb) Hemp.—The Manila market is inactive,- and prices are again lower. “J” grade, JanuaryMarch ahippient, sold at <53 per ton. Present quotations are: October-December to January-March shipments, £52 10s ner ton; February-April shipment, £52 per Jon; New Zealand high points and fair afloat have been sold for £SO 10s per ton. Present quotations are: Sellers’ high point, spot, £53 per ton; fair, £sl per ton; January-March shipment, £sl and £4?' per ton respectively. Wool.—This week’s free sales were fully attended, and few New Zealand crossbreds on offer were disposed of at about 10 per cent, to 20 per cent, below December prices for similar Government wool, say BJd to Is 4d per lb.

LONDON METAL MARKET. LONDON, January 31. (Received Feb. 1, at 10.30 p.m.) Copper.—Spot, £6B 17s 6d; forward, £6B 7s 6d. j Electrolytic.—Spot, £76 10sJ forward, £77. Lead.—Spot, £23 2s 6d; forward, £23 15s. Spelter.—Spot, £24 15a; forward, £25 16s. . Tin.—Spot, £169 15s; forward), £174 15s. Silver, 2s Hid per oz.—A. and N.Z. Cable.

LONDON SHARE MARKET. LONDON, January 31. (Received Feb. 1, at 9.30 p.m.) Waihi shares: Buyers 255, sellers 27s 6d.— A and N.Z. Cable.

SYDNEY WOOL SALES. Press Association—By Telegraph—Copyright SYDNEY, February 1, (Keceived Feb. 1, at 7.15 p.m.) The wool sales have resumed. The chief features are the improved demand for medium quality by’ foreign buyers, more particularly the Americans and the Japanese, and the less pronounced tendency to pay high prices for the very best offerings which marked the earlier sales of the season. Otherwise the market is steady at about November rates. *Wasty and inferior quality is practically unsaleable. ■ '

WELLINGTON WOOL SALES, (Pan Ujtitbd Prbss association.)

WELLINGTON, February 1. The wool soles lasted all yesterday till 7.30 p.m. Seventeen' thousand bales were offered. There was good inquiry for sorts suitable for the American' trade. Mediums were easier, but low grades realised rather better prices than at the previous sale. Lambs’ wool was sought by local and-French buyers. The. range of prices was: Merino, 13d to 14|d; Southdown, 10*d to 12d; halfbred super, 12d to 14d; medium, 9d to 11 Jd; inferior, 7d to 8d; crossbred super, 10d to ll|d; fine, Sid to lOd; medium, 6d to 8d; coarse, 4d to o*d; inferior, 3d to 4d; lambs’ best, lOd to 12*d; medium, 7jd to 9d; inferior. 2d to 4d.

FOREIGN EXCHANGE BATES. Press Association —By Telegraph—Copyright. LONDON, January 31. The foreign exchange rates on London afford the following comparison:— Par. Jan. 27. Jan. 31. Paris (fr.) 23.22* 54 54.05 Christiania (kr.) 18.189 20.40 20.77 Stockholm (kr.) ... ... 18.160 17.65 17.65 Calcutta (rup.) ... 10 to gold sot. 17* 17 Montreal (dol.) 4.86 4.30 4.33 New York (dol.) 4.86 3.86 3.86 Yokohama (yen.) 1.24* 30* 2.0} Hongkong (dol.) 24* 34 31 —A. and N.Z. Cable.