COMMERCIAL.

Otago Daily Times, Issue 18512, 24 March 1922, Page 4

COMMERCIAL.

LONDON MARKETS. LONDON, March 21. Waihi, 17s 6d to 20s; Bank of Australasia, £l2 2a Gd; Bank of New South Wales, £25 2s 6d; Union Bank, £l2 10s; National Bank of New Zealand, £5 18s; 7\ew Zealand Loan and Mercantile, £7l to £7B. Forced strawberries at Covent Gardon brought 54s per lb.—A. and N.Z. Cable. THE WHEAT MARKET. LONDON, March 21. Cargoes are quiet. Pacific and Australian are unchanged. River Plato ie offering at la decline, wiwout attracting buyers. The Diadem's cargo, which was misreported, really, sold at 58s 6d.—A. and N.Z. Cable. LONDON, March 22. (Received March 23, at 9.30 p.m.) There are more inquiries for wheat cargoes despite American weakness. Australian is steadily held, and is not pressed for Bale. Parcels closed with a better demand at 3d to 6d decline.—A. and N.Z. Cable. FROZEN MEAT MARKET. LONDON, March 22. (Received March 23, at 5.5 p.m.) Mr Jowett, interviewed, said that Argentine chilled hinds rose to 7Jd, but Australian beef was unchanged. It is rumoured that American importers of Argentine beef have come to some arrangement, but no definite information is available.—iA. and N.Z. Cable. m TALLOW SALES. LONDON, March 22. (Received March 23, at 9.30 p.m.) At the tallow sales 1188 casks wore offered and 846 sold. Low qualities showed an advance of 6d. Fine beef declined 6d. Mutton: Fine, 425; medium, 39s 3d. Beef: Fine, 42s 3d; medium, 39s 6d.—A. and N.Z. Cable. WOOL SALES. Press Association—By Telegraph—Copyright. LONDON, March 21. At tho wool sales a good selection of merinos suitable for the Continent sold well at full prices. Crossbreds were firm and unchanged. There was good home and foreign competition for both greasy and scoured. — A. and N.Z. Cable. LONDON, March 22. (Received March 23, at 5.5 p.m.) At the wool sale there was a very moderate selection, but good general competition for all sorts. Prices were very firm. The list for the Juno series closed on March 16 with 42,000 bales of "free" Australian, 36,000 "free" New Zealand, 80.000 Bawras, and 7000 Cape Puntas. —A. and N.Z. Cable. SYDNEY, March 22. Good clearances were effected at the wool sales. Highly satisfactory prices wero recorded. Bradford and Yorkshire buyers were active; but Japanese and German buyers were quiet. ♦ i WOOL TEXTILE FINANCE COMPANY. LONDON, March 21. An influential Bradford meeting decided to register the Wool Textile Finance Company to carry out tho insurance scheme.—A. and N.Z. Cable. [The Yorkshire Observer states that the London directors of "Bawra" favour acquiring a considerable share in the projected Wool Textile Finance Company, and have made favourable representations regarding participation to the Australian Board, which, it is understood, has the question under consideration.] BEHLLNI EXCHANGE RATE. LONDON, March 22. (Received March 23, at 9.30 p.m.) The Berlin exchange rate is 1330 mnrks to the £l, after having touched 1350—a record.—A. and N.Z. Cable.

CHRISTCHURCH RAM FAIR. (F«» Dhitjlu Press association.) CHRISTCHURCH, March 23. The annual Ram Pair was commenced today with a sale of flock rams. There was a very large entry, totalling 5911. The yarding was considerably in excess of requirements, and prices were low and passings frequent, particularly among longwools. There was an over-supply of Corriedales, which brought the values back considerably on those secured last year. Halfbreds were in a shade better position. English Leicear tors sold weakly. Borders were better, but Romneys and Lincolns were not wanted. By far the best demand was for Downs, practically all offering selling at fairly satisfactory prices. Top prices were; —English Leicester, 6gns; Romneys, 2gns; Lincolns, Ign; Corriedales, 9gns; Border Leicester®, 9gns; Shropshires, Ogns; Southdowns, 9gns; halfbreds, 7gns; merinos, 3gns.