COMMERCIAL.

Sun (Christchurch), Volume VII, Issue 2125, 6 December 1920, Page 8

COMMERCIAL.

•—' WOOL STORAGE IN LONDON. By Cable. — Press Association — Covvriaht. (A. & N.Z.) LONDON, Dec. 8. The Port of London Authority, together with uptown warehouse-keepers, has arranged an aggregate storage in London for about 1,000,006 bales of wool, which compares with an nverage storage of about 350,000 bales before the War. It Is hoped that this will prove ample storage for the trade, but, If required, the Authority is i also prepared to store wool in the open, properly dunnnged and protected with tarpaulins to the satisfaction of the Underwriters' surveyor. The extra premium against the risk of damage by rain will be 2/0 per cent, per month, to be declared if open storage is used. The Australian Press Association learns that this arrangement should go far towards meeting the difficulty arising from the new clause in the Australian bill of lading, by which shipowners compel merchants to take immediate delivery of goods from the ship's side, whether storage is available or not. THE SHARE MARKET. (A. & N.Z.) LONDON, Dec. 3. Mount Lyell shares are quoted at 16/8. THE BUTTER MARKET. (A. 4 N.Z.) LONDON, Dec. S. The amount of the butter ration has been increased to two ounces, which caused a sharp decline in Irish butter's. Creameries dropped from 50/- to 45/-. A further fall is probable. LONDON MARKETS. (A. <fc N.Z.) LONDON, Dec. 4. Cotton—January shipment, 10.59 d per lb. Australia sultanas—On spot 140/-. Jute—The market is inactive. November- ' December shipments, £43 per ton. Hemp—The market Is slow. DecemberFebruary shipments, £sl 10/-. Rubber—Para 14Jd per lb, plantation 138 d, smoked 12fd. Copra—January-March shipments, £47 per ton. Linseed oil—£so per ton. Turpentine—los/-. Honey—The market is quiet; 65/- is the highest' price obtainable for Australian sorts. Some was auctioned at 60/-, best New Zealand making 75/-. NO RELIEF FOR FARMERS. (A. & N.Z.) WASHINGTON, Dec. 3. Mr Houston, Secretary of the Treasury, informed the House of Representatives and the Senate Agricultural Committees that; Government relief for farmers hit by the ' falling prices Is Impossible. AUSTRALIAN CEMENT AND TIMBER. Slightly over 700 bags of Australian cement have been brought to Lyttelton in j the KoromUco. This vessel has large quan- j titles of poles for the Post and Telegraph Department, and girders for the Railway Department. It has also supplies of jarrah and Australian hardwoods, Japanese timbers, and transhipment lines of Japanese general merchandise. DROP IN PRICE OF SOAP. The wholesale prices of New Zealand household soaps have been reduced by £4l to £5 per ton. This is due to the easier prices for tallow. This reduction of the rates for soap makes a difference of about Jd per lb. _________^__