COMMERCIAL.

Otago Daily Times, Issue 18765, 19 January 1923, Page 4

COMMERCIAL.

CALCUTTA TEA SALES. AN-IMPROVED MARKET. Press Association—By Telegraph—Copyright DELHI, January 17. (Received Jan. 18, at 7.15 p.m.) At the Calcutta tea sales the market is strong. There has been a further advance in all grades, _ especially in fair, black leaf. Pekoe and Souchong are one-half to one anna dearer, and dusts and fanpings half an anna dearer.—A. and N.Z. Cable. * ENGLISH MARKETS. Press Association—By Telegraph—Copyright LONDON, January 16. Wheat cargoes are steady, but the decline in the exchanges accentuates the dullness in trade. Only small business parcels are in demand.—A. and N.Z. Cable. (Received Jan. 18, at 9.10 p.m.) At the'tallow sales 1719 casks were offered and 532 sold. Mutton: Hinds, 42s 9d; fores, 38s. Beef; Hinds, 435; fores, 38s.—A. and N.Z. Cable. FOREIGN EXCHANGES. Press Association—By Telegraph—Copyright LONDON, January 17. (Received Jan. 18, at 9.10 p.m.) Paris, 70.05 franc* to £l. Berlin, 84,000 marks to £l. New York, 4.64 J dollars to £l.—A. and N.Z. Cable. MELBOURNE WOOL (SALES. Press Association—By Telegraph—Copyright MELBOURNE. January 17. The wool sales showed keenness in competition and an advance in prices upon the December rates, and equivalent to the rates recorded at the Sydney sales this week. AUSTRALIAN MARKETS. Press Association—By Telegraph—Copyright SYDNEY, January 18. (Received Jan. 18, at 10.20 p.m.) Oats; Algerian, nominal; Giants and New Zealand Gnrtons, 4s 6d and 4s Bd. Maize: South African, 6s to 6s 3d. Potatoes, £l2 10s to £l3 10s. Onions, £lO. ADELAIDE, January 18. Oats, 3s to 3s 2d. MELBOURNE, January 18. At the hide sales there wore large offerings The market was somewhat irregular, and values were slightly easier, particularly in lights and kips, which were fully a farthing lower. PUBLIC WORKS TENDER. (Pkr United Press Association.) WELLINGTON, January 18. The following tender has been accepted by the Public Works Department in connection with the Lake Coleridge scheme:—Copper cable, P. R. Baillie (Colhnton), £41,693. Messrs Dalgety and Co. (Limited) report having received the following cable message from their head office, dated London, January 17, 1923;—“1720 casks tallow offered; 545 casks tallow sold; market mutton tallow quiet and unchanged; other descriptions lower by 6d per cwt; market quiet.”