COMMERCIAL.

Otago Daily Times, Issue 18456, 18 January 1922, Page 4

COMMERCIAL.

BUTTER AND CHEESE. The New Zealand Loan and Mercantile Agency Company, Ltd., has received the following cablegram from its London house, 'under date January IS: —New Zeeland butter, salted, £6 4s to £6 10s per cwt (market strong). Cheese: £4 4a to £4 8s per cwt. (market 'steady), FOREIGN EXCHANGE RATES. Press Association—By Telegraph—Copyright. LONDON, January 16. (Received January 17, at 6.5 pm.) The foreign exchange rates afford tbe following comparison with thepe last cabled

* Determined by price of sliver. —A. and N.Z. Cable.

CANTERBURY MARKETS. (P«n United Press Association.) CHRISTCHURCH, January 17, The burst of rainy and squally weather has stopped harvesting operations, which were becoming general. The fear prevailed that Monday’s rain' and winds would cause a good deal of laying of heavy crops, and in several districts this was proved to be the case, particularly of oat crops. So far, however, it has not caused much damage to wheat. The rain has generally improved the yield prospects, particularly in South Canterbury and North Otago, where they are sufficiently late to receive full benefit of £ho generous fall. It is estimated ‘that in the North Otago and Wftixnato districts the yield will be increased by bushels per acre. , Crops which will benefit largely by the rain are peas and potatoes, as about 75 per cent, of the latter are late. This year there should be a very much improved potato yield. Prices at country stations are; £5 for the February-Mareh delivery, and £4 for the April-Mia-y delivery. FAT LAMB SALES. (Ter Dotted Press assooUtioe.) TIMARU, January 17. The fat lamb auction® commenced at Pleasant Point yesterday with 1800 entries, and a second sale was held at Temuka today. Prices were a shilling higher than sellers anticipated. There wa® a very good sale at Pleasant Point, up to 20s- being realised. At Temuka the top price was 21s 3d, and many lota realised over 20s. The lambs were “off their mothers.” PROPERTY SALE. Messrs E. L. Macassoy and Co. sold by auction at their rooms yesterday, by order of the mortgagee and under conduct of the Registrar of the Supreme Court, a property situated in the Mooraki district, consisting of 10 acres land, with dwelling-house and other improvements on it. After competition the property was sold for £3Ol to Mr R. M. Craig.

London on Par. Jan. 12. Jam IB. Paris, fr. to £1 ... 25,225 61.00 61.27 Christiania, kr. to £ ... 18.169 27.06 27.06 Copenhagen, kr. to £ „. 18.169 21.30 21.23 Stockholm, kr. to £ ... 18.159 16.95 16.96 Berlin, mi. to £ ... 20.43 765.00 777.00 Montreal, dol. to £1 ... 4.88 2-3 4.46 4.47 New York, dol. to £ ... 4.8-1 2-3 4.23 4.23J Hongkong, stcr. to dol. Yokohama, et. to yen 24.58 32(1 27d, 32d 27|d Calcutta, st. to rpe. ... 24d 15}d 15Jd