COMMERCIAL.

Otago Daily Times, Issue 18468, 1 February 1922, Page 4

COMMERCIAL.

CUSTOMS DUTIES. The local Customs duties for the month of January total £42,563 18s Id; beer duty, £18,617 10s 6d. There wore no exports of gold or silver. For the month of January, 1921, the Customs duties amounted to £83,621 10s 9d; beer duty, £10,786 5s lOd. There were no exports of gold or silver. Tho great difference between the totals for January 1921 and 1922 is accounted for by the fact that at the beginning of last year accumulated orders for imported goods were coming to hand, FOEBIGN EXCHANGE EAT®. Press Association—By Telegraph—Copyright, LONDON, January 30. The foreign exchange rates afford the following comparison with those last cabledLondon on Par. Jan. 26. Jan. 30. Paris, Ir. to £1 ... Christiania, kr. to £ ... 18.159 26.90 27.00 Copenhagen, kr. to £ Stockholm, kr. to £ ... 18.169 16.90 Ijj-U Berlin, ink. to £ 20.43 850.00 863.00 Montreal, dol. to £ New York, dol. to £ ... 4.86 2-3 4.22 J 4.25 Hongkong, star, to dol. ... * 32d 3-d Yokohama, st. to yen ... 24.53 27d 26|d Calcutta, eb. to rpc. ... 24d 15£d 15£d • Determined by price of silver, —A, and N.Z. Cable. LONDON METAL MARKET. LONDON, January 30. (Received Jan. 31, at 10.30 p.m.) Copper: Spot, £64 Us 3d; forward, £65 6s 3d. Lead: Spot, £23 2s 6d; forward, £22 17s 6d. Spelter: Spot, £26 15s; forward, £26 2s 6d. Tin; Spot, £167 12s 6d; forward, £169 7s Silver, 2s llgd per ounce.—A. and N.Z. Cable. _ Canterbury' produce market. (Pbb United Press Association.) CHEISTCHURJH, January 31. Tho liveliness in the oat market last week has not been maintained, and is apparent that the source of tho demand was restricted. It is stated that the order was a transhipment one for tho East. At all events, whilst 3s Id, f.0.b., s.i., wae temporarily operating to meet the inquiries, business has not been done since at 3s. Tho price to farmers for A grade Gartons may bo quoted at 2s 2d to 2s Id, country stations. Wheat is commencing to come in from North Canterbury, and is going into millers’ hands. This wheat did not get the advantage of the good rains early in January, and is shrivelled to some extent. There is some inquiry for perennial ryegrass, and up to 2s 7<i has been offered for first-class farmers’ undressed. Average quotations are: 2s 2d to 2a. Ed for ordinary to good. There is little offering. Contradictory reports continue to come to hand regarding the potato blight in the Willowbndge and Waimate districts. One of the growers staters that his crop in the Waimate district is seriously affected, and others with small areas in various parts of contiguous districts report clean crops. The weather of the past few days has been more conducive to blight. LONDON BUTTER MARKET. (Per United Press Association.) CHRISTCHURCH, January 81. Messrs A. H. Turnbull and Co. have received the following cablegram from Weddell and Co., London:—“The butter market is now practically clear oL old stocks. At a meeting of the principal importers to-day (January 30) it was agreed to start a propaganda in favour of New Zealand butter against Danish, and to invito the High Commissioner to., co-operate in pushing the scheme.'’ MIXED WOOL SALE. LONDON, January 81. At the mixed wool sale some, free wool was withdrawn owing to the High, reserves. " Bawra’s ” merino was all sold. The bidding was rather irregular, but prices wore unchanged. There was good Home and Continental competition at full sole rates. The Bradford market is firm, and there is a good demand for spot merinos and fine crossbreds.—A. and N.Z. Cable. CANADIAN WHEAT. Press Association—By Telegraph—Copyright. LONDON, January 30. A cargo of Canadian wheat sold at 51s per quarter. The market Is firm. Shippers ore asking la to Is 6d above late rates, but there are numerous re-sellers.—A. and N.Z. Cable. NEW SOUTH WALES PIGEONS. TRIAL SHIPMENT SUCCESSFUL. LONDON, January 30. A small experimental shipment from New South Wales of frozen pigeons was very satisfactory. Tho bulk fetched la 6d each, a few being sold at Is. Smitheld salesmen were pleased at the size and quality, and think that good business is possible, especially in the summer time,—A. and N.Z. Cable.

BEDUCTION IN SHIPPING FEEIGHTS. The rate of freight on Newcastle coal for Now Zealand has been reduced iy 2s 6d per ton as from February 1. This makes a reduction of 5s per ton within the last three or four mouths.

WOOL SALE REPORT. The following are some of the top-priced lota sold on Monday by the National Mortgage and! Agency Co. of New Zealand, Ltd,, who offered, a catalogue of 2914 bales and sold 95 per' cent. Although this was tb« last catalogue to be offered, competition was very spirited, and prices were fully up to the catalogues sold earlier in the day. Merino.—Birohdale, 10 at 18id, 4 at 18d, 9 at 16 Jd, 3at 14i; Happy Valley, 3at 16id; Binwool, sat 16d, sat 15J; Ellin Bay, 7at 17id, C at 16Jd; Coronet Peak, 9 at ISJd, G at 16Jd, 5 at 15J; Various, i at 16, 5 at 15Jd.

Halfbred.—Riverview, 3 at 13Jd; Happy Valley, 6 at 14id, 7 at 13i; JN over Mtttakanui, 3 at 141; 2V, 5 at 14Jd; IV, 6at ISJd, 7 at ISJd, 10 at 14d; Ardgowan, 3 at 14Jd; DS, 3 at ltd; Kawaran Falle, 3 at 16>d, 9 at 13|d, 8 at 13Jd; Nine Mile, S at 154; YE, 11 at 12Jd; Binwool, 2 at 16Jd, 5 at 13d, 17 at 12d; FV., set 134; Mt. Ida, 5 at ISJdI; Various, 5 at 14d, 11 at 1,3 d.

Fine Crossbred.—Moor, 7 at 104 d; Riverview, 5 at 101 d; GW, 3 at l?d; Wyndham, 15 at 13id; N, 6 at 13Jd; Gli, 13 at 9id; Wisphill, 4 at Hi; Binwool, 2 at ll|d, 9 at 9Jd, 25 at BJd; HV, 11 at 9£d; Inverlochy, 5 at Hid; Various, 3 at 13d Crossbred. —Moor, 23 at 7Jd; Camphill, 3 at 9d, 10 at 9d; Wyndham, 16 at lOd; Keilor, 6at 9d; —K, 17 at 9kl, 24 at 8d; Cin circle, 6at !H<l; N, 9at lOd; StrathByall, 5 at HJd, 3 at HJd, 6 at 10Jd; Binwool, 3at 9Jd, 15 at 8d; EC. Bat 8d; Inverlochy, 17 at 9id, 20 at 9d, 25 at BJd, 9 at 7Jd, 16 at 7jd.

Halfbred Necks.—Happy Volley, 3 at lOJd; lU, 3 at lOd; Various, 4 at 9id); Binwool, 3 at lOd.

Halfbred Pieces.—Happy Valley, 4 at 7d; lU, S at BJd; Binwool, 3 at Did. 9 at 6Jd. Halfbrod Bellies. —lU, 4 at 7Jd, Halfbred Locks. —Various, 5 at 2Jd. Crossbred Neeles,—lnverloohy, 5 at 7Jd; Various, 3 at 7id; Bin wool, 6 at 7|d. Croesbred Pieces. —Moor, 4 at Tpi; 'Wyndham, 7 at 8d; Variorus, 7 at 6Jd, 16 at 5Jd; Bin wool, 12 at 6id. Crossbred Bellies.—Moor, 3 at 5Jd; Wyndbam, 6 at 62d; Various, 13 at Sid, 7 at sd. 35 at 4Jd; Binwool, 43 at 4£d. Crossbred Locks.—Wyndham, 3 at 3d; Various, 3 at 3Jd, 7 at 2i; Binwool, 16 at 2Jd. Merino Pieces.,—Binchdale, 7 at 12|d. Merino Bellies'.—Bircßdale, 3 at lOd; Elfin Bay, 4 at 9id. Merino Locks.—Bixchdale, 3 at Ssd.