COMMERCIAL.

Otago Daily Times, Issue 18445, 5 January 1922, Page 4

COMMERCIAL.

FOREIGN EXCHANGE BATES. Press Association—By Telegraph.—Copyright. LONDON. January 3. The foreign exchange rates are as follows compared with those last cabled:— Par. Deo. S 3. Jan. 3. Paris, fr. to £1 ~ _ 35.225 63.47 62.50 Christiania, kr. to £ _ 13.159 33.35 36.65 Stockholm, kr. to £ „ 18.159 16.80 16.82 Copenhagen, kr. to £ ... 18.159 21.20 20.90 Berlin. mk. to £ 20.43 765.00 797.00 Montreal, dol. to £ ... 4.86 2-3 4.46 4.42 New York, dol. to £ ... 4.86 3-3 4.19 J 4.20 J Hongkong, ster. to dol. ... • 32)tl 31 d Yokohama, 6t. to yen , ... 24.58 27fd 27|d Calcutta, st. to rpo. 10 to gold £ 16d 15|d • Determined by piioo of silver. —A. and N.Z. Cable. UNION BANK OF AUSTRALIA. LONDON, January 3. The Union Bank of Australia has declared an interim dividend of 13 per cent., tax free. —A. and N.Z. Cable. LONDON SHARE MARKET. LONDON, January 8. Dalgety and Co., £64. —A. and N.Z. Cable. ' '** I THE TALLOW MARKET. LONDON, January 3. Tallow: Stocks, 8392 casks; imports, December, 4768 casks; deliveries, 2665 casks. —A. end NZ. Cable. PETROL AND KEROSENE REDUCTION IN PRICES. Press Association—By Telegraph—Copyright." SYDNEY, January 3. The Vacuum Oil Company announces a reduction in kerosene of 9d per case, to bo increased to la later. Petrol will also be reduced la per case forthwith,—A, and N.Z. Cable. . CUSTOMS REVENUE AND BEER DUTY. (Peb United Pbess Association.) WELLINGTON, January 4. The Customs revenue for the first nine months of the financial year totalled £3,926,332. The estimate for the year was £4,900,000, leaving nearly £1,000,000 to be got during the lost quarter. Since, however, 18 months’ dr two years’ supply of spirits was released from bond parlor to the introduction of _ the Tariff Bill, very little revenue from spirits can be expected for some months. For the past calendar year the Customs revenue* totalled £5,728,955, aa against £8,033,342 for 1920, £4,530,094 for 1919, and £3,600,353 for 1918. For the first nine months of 1921-22 it was £250,000 above the estimate for that period. The beer duty revenue to ■dater'is £77,000 below the estimate fox the nine months. Owing, however, to the practical doubling of the duty the revenue in November and December last was roughly £60,000 per month, os against an average of about £25,000 a month in the early part of the year. For the calendar year 1921 the beer duty yielded £393.953, aa compared with £363,596 for 1920, and £337,811 for 1919. - ♦ TIMARU WOOL SALE (Pm United Pbto Association.) ' TIMARU, January 4. Top prices at yesterday’s wool sale were aa follow:—Merino, 15d to 18Jd; fine halfbred, 13d to laid; medium, 12d to 14id; coarse, IOJd to 12id;”5ne crossbred, BJd to 10Jd; medium, 6fd to 7id; coarse, 1 to 6id. Pieces: Merino, lOd to 14id; halfbred, 8d to erdssbred, sid to 7d. BUTTER AND CHEESE. The,. New Zealand Loan and Mercantile Agency Company has received the following cablegram from London, under date, 80th instant:— New Zealand Butter.—Choicest salted!, 46 -to £6 10s per cwt. Good demand fox largo supplies. Cheese, £4 6a to £4 12a per cwt. A good demand at a reduction.