COMMERCIAL.

Otago Daily Times, Issue 18759, 12 January 1923, Page 4

COMMERCIAL.

SHARES AND EXCHANGES. Press Association —By Telegraph-—Copyright LONDON, January 10. (Received Jan. 11, at 8.5 p.m.) Wailn Grand Junction, 10s, 10s 3d; P. and 0.. £3OO, £l2O. Foreign exchanges: Berlin, 49,500 marks to £l.—A. and N.Z. Cable. ANGLO-PERSIAN OIL. NEW ISSUE OVER-SUBSCRIBED. Press Association —By Telegraph—Copyright LONDON, January 10. The Anglo-Persian Oil Company’s issue of 850,000 ordinary £1 shares at 75s was oversuUscribad in an hour.—A. and £v.Z. Cu,bl<s. LONDON MARKETS. Press Association— By Telegraph—Copyright I/ONDON, January 10. Wheat cargoes are dull, owing to fresh weakness in tho exchanges. Prices are from 3d to 6d lower. i( Steamer parcels are in poor request. —A. and N.Z. Cable. (Received Jan. 11, at 8.5 p.m.) At tho tallow sales 1314 casks were offered, and 626 sold. Prices are unchanged.—A. and N.Z, Cable. Messrs Dalgoty and Co. (Ltd.) report having received the following cable message from their head office, dated London, January 10, 1923: “Tallow market rather quiet; 1310 casks offered; 600 casks sold; prices unchanged. Butter lower by 2s to 4s per cwt; less demand; market bare.’’ “ BAWRA ” WOOL RETURNS. Press Association—By Telegraph—Copyright , LONDON, January 10. "Bawra’s” disposals of wool in 1922 amounted to 977,119 bales, of which Australia contributed 620,342, Now Zealand 276,112, and South Africa 80,653. The amount in stock and afloat at the end of the year was 913,265 hales, of which Australia supplied 555,247 bales and New Zealand 358,019. — A. and N.Z. Cable. INDIAN TEA SALES. QUALITY DISAPPOINTING. Press Association—By Telegraph—Copyright CALCUTTA, January 10. At the tea sales 30,422 packages were offered, making the season’s total 661,267 packages. The average prices for commonest leaf wer© from 11 annas 6 pic© to 12 annas 6 pice; broken leaf, from 11 annas 6 pic© to 12 annas; ordinary common Pekoo and Souchong, from 18 annas 6 pice to 14 annas; lowest ©von leaf Pekoe, from 14 annas 6 pice to 15 annas. Buyers generally were disappointed with tho quality, which, except for a few invoices, was not so attractive as xisual, a largo percentage of tho tea being mixed and stalky. Tho market was strong, though irregular. Teas with tip (both leaf and broken) sold at a considerable advance. The rates for leaf grades, fre© of stalk, were dearer. Medium broken Pekoes maintained tho previous rates. Small fannings were not keenly competed for. Dusts wer© weaker. —A. and N.Z. Cable. AUSTRALIAN MARKETS. Press Association—By Telegraph—Copyright SYDNEY', January 11. (Received Jan. 11, at 9.50 p.m.) Oats: Algerian feeding, nominal, 4s 6d—4s 8d; Giants and New Zealand Gartens, 4a 6d—4s Bd. Maize; South African, 6s 2d. Potatoes; Tasmanians, £13 —£14; local, £5 —£9. Onions, £lO. ADELAIDE, January 11. Oats, 3s Id. MELBOURNE, January 11.'. Thor© is a keen, general demand for hides. Prices are very firm, except for heavyweight kips, which are slightly easier.—A. and N.Z. Cable. SYDNEY AVOOL SALES. Press Association —By Telegraph—Copyright SYDNEY, January 11. (Received Jan. 11, at 9.50 p.m.) 'There was a record catalogue at the wool sales, when 9900 bales were offered. There was keenness in all sections of buyers for good classes of merinos and crossbreds. Full lato prices were maintained. SPECIAL ADVERTISEMENTS.