COMMERCIAL.

Star (Christchurch), Issue 16327, 17 January 1921, Page 8

COMMERCIAL.

WOOL. The New Zealand Loan and Mercantile Agency Co., Ltd., Christchurch, have juft received a cablegram from London giving the undermentioned information, under date 14th inst.: —Woo!—Free wo cl sale: 6GCO bales offered. Practically all e-old. Merino 19 per cent to 15 per cent lower than 17th .December. Cross-bred, very little catalogued; not much alteration. Safes close 27th January. Next s-a-lee open 22nd February. FINANCIAL PROBLEMS. THE .QUESTION OF FOREIGN EXCHANGES. Sy Telegraph—Press Association—Copyright Reuter's Telegrams. (Received January 17, 9.10 a.m.) LUiUIUiV, January 13. The creation-"of a chain oi Imperial banks on th© iinea of the United Stales Federal Bank system, and the adoption of a silver fixed ratio to gOid for international payscheme mooted by the Financial limes ” as more than likely to rectify the collapsed foreign exchanges than any other tional action. It is claimed that the 6chemo will especiady benefit the Empire, and malt© an impasse like that in South Africa a few' months ago impossible. It will also ease the situation created by the mutual refusal of Britain and Australia to allow the export of gold. DROP IN PRICES. YARNS AND LINEN GOODS. Router s Telegrams. (Received Januc% 17, 9.10 a.m.) LONDON, January 13. A drop in tie price of yarns, estimated ofi 60 per cent, is forecasted from Belfast, ns a consequence of th© lapse of the agreement among British and Continental spinners, thereby creating a free market. There is also likely t-o b© a fall in th© prices of ] linen goods amounting to 33 per cent. STOCK EXCHANGES.

OTHER EXCHANGES. [Per pßE*** AcsorTVTTOV.I AUCKLAND, January 17. Sales—Waihi, 23s 3d; Wilson’s Conaent,

CHRISTCHURCH The following are the latest iations: Seller £ 6. d. £ a. DEBENTURES— •N.Z. Government 52* per cent inscribed, 1983 . . . 90 0 0 BANKS— National ox N.Z. . 5 10 0 5 17 0 New South Wales . 30 10 0 31 10 0 Union of Australia . 12 1 0 12 5 0 New Zealand (cum div.) . . .16 3 loan and agency— N,Z. I>oan and Mercantile (ord. stock) 100 0 0 SHIPPING— Adelaide Steamship . 1 0 o P. and O. deferred stock . . . 310 0 0 FROZEN MEAT— ' Canterburv 12 10 o N.Z Refrigerating (£1 paid) . . .20 0 2 2 0 N.Z. • Refrigerating _ (10a paid) . .10 North Canterbury Freezing 3 12 6 COALr— Taupii-i . . . 0 17 0 0 18 0 WOOLEENS— Kaiapoi (£1 paid) 1 9 0 GAS— Christchurch G 2 6 Timaru Wellington . . 9 10 0 BREWERIES— Ward 1 3 Q CEMENTS— Wilson’s N.Z. Portland . o 16 0 MTRO P. EDA NFOUS— Beath and Co. 1 9 Booth, Macdonald 1 0 0 D.I.C. *6 per cent „ cum pref.) 1 0 0 N.Z. Farmers’ Co-op. (£2 paid) . 0 N.Z. Farmers’ Co-op. (G per cent cum' pref.)^ 5 0 0 N.Z. Farmers' Co-op. (6 per cent pref., re dir. only) 4 17 o Papuan Products . 0 1 (3 Sharland and Co. 1 12 q Weeks, E+d. (£5 paid 7 0 0 Weeks. Ltd. (£2 IGa paid) . . 3 10 0 Weeks, Ltd. (£5 paid) 7 0 0 Whitoom.be and Tombs 9 5 MTNTVG— Waihi Grand Junction. f> 9 6 —