THE LONDON MONEY MARKET.

Dominion, Volume 3, Issue 737, 9 February 1910, Page 8

THE LONDON MONEY MARKET.

! The London money market is in; ah easy state, and loans will be placed to a larce amount during, tho next .few: months.' BriCzil:is,.now,in the market for £10,000,000 at 4; per: cent;,: the price of issue beine ;£87::10s., which.: will yield itho investor £4ilb. 6d. per ; 'cent.,.The l loan isatempt-ing-.-i'one :at,.,thiß: rate, -and;ie. sure.- to.-'be promptly , ;■ takenr-'up.V:,"VA'''great' British-'capital ;is ftnding its way into the Boutn. American:. Republics, and much : of the wonderful progress shown by-: Arson-'. tina.;is .due' 'to the enormous amount of British, capital invested , in this country -.-Money;is becomine cheap.in all centres, * n -KT ■ & °heap. andvin. abundant supply mrKew. Zealand, but for : 'sottjo reason or other, there is still a measure of dullness experienced in Wellington. There annears to_be a want ot confidence, and if is difficult to account for it.:. There is no warrant for it, for as far as can be seen from the, availablei and trade , returns, the economic conditions werenever so favourable.:.:-,.. ■ ■ • , :

..Customs, rovenuo coUedted'' at Wellington .yesterday ■ amounted to £1413.145.' 6d.

'■■■.;;:;,v*EADE ALLENOSTREET. ;' -Potatoes"are now coming forward from the. southland while-thelqunlity is.:excol- : lent, the -tubers! being comparatively free from blight, the skins are hardly firm enough.yet for shipping long distances. A large portion of North island supplies bow reaching the market Iβ more or'less-dig-' ea'eed. ..'■ ■■■ ;.-i-.. ■■■ : .. ..'. ,-:.- ;■■■■:■ ~.. ° :

.-Unions aro comine in ■ more frcelyi and the market has declined.'- The demand is restricted, owing to the relative cheapness of" other- vegetables, .■.'.','.'. : •■ Bran is. now: in eood requeet.. and fairly large sales aro ■ being made. '. >• .-. -.- PoUard is -. in • very short supply, and Boutherii millers. arev.unablo to DromDtly nil all orders. '.' .-.-w ~■.;.-. . •■-,- *

.',ChaK.—Keports from conntry districts are. to., the ..effect that, caterpillars -have damaged tho ■" crops''very ''considerably Prime quaUty ohaif is in excellent i& mand;< :-. :,:■.,: ■■;'-. ~.■■:> .;.

'•. Maize.—The' demand Jβ poor, and-until the cold weather sets in business will bo dlincult.7 ' :■;-: ;■'-■■ '•'•■:'■'■ :•'■■■ ;i-~-.:.-': ■

:; Fowls' inieat.-A':han"d-to-moath business is being done, as buyers are under-tho impresßlon:!the' market- will decline, i > . Uutter is in: short supply, and':tho market Iβ firm, at an advance o£ Id. Der lb for ; pi'imo imilled: butter. ■ .' . .' ,j :

: Preshiegcshavc advanced 2d. Dor dozen and fair Bales- are being.made. • .Bacon.—The demand strong.both for bacon and ham, and merchants are •Tomatoes.—Exceptionally'.' heavy ' supplies are now coming forward from Nelson -. and prices- tore.'-low: ■ Plums ; aro in plentiful it is., only, tho " varieties, that - are roalisuig'.anythinir..like , , payable prices. ■ Prunes "and , kindred frnits are selline at extromcly low prices. • . . -.■• ■ B^']^ a S- _T 5 (! -Navua :'landed?50C0 '> cases and 4500 bunches last Friday, and the condition of. the fruit ".on landing was excellent, . considoriiiir. the hot' weather Bunches met; with the. better competition but/prices..-on the ,, , wholo .wero d£ appointinß. 1 ' ■■>■■.■ 5 .-.■yoßetabies are in.fair demand, and bvlj,': plies, are fully equal, to reauirements. :

'" . ' PIIIOEB OP METAL 3. By Telcsraph-Prcss Aesociation-Copyrlßht. (Hco. February 8, 11.30 p.m.) . ■■''.. _ „ ■ '." '." London, February 8/ : Copper-On . the spot, £59 155.; three , months, £60 55.; electrolytic,'.£62 per ton the spot, £147 10s.; three months; a>l49 ss. per tori-.;, . .-■■, ; ,; ,'.• .;: '■' WHEAT "AJTO-.'FLOUE/' ■'■' By Teleereph-Press Assaciation-Copyriehl. • London, February 7. The, total .quantity of wheat and flour afloat for •;the United Kingdom is 3,120,000 quarters,-and for tho Continent 1,240.000. Atlantic shipments, 210,000.quarters; Pacific, 2000.. . . . " v . ' (Rec. , February, 8; 11.30 p.m.) . . . .London, February 8. .The wheat market is quiet. There is an easier tendency.-for-cargoes.-•""• : ■ .■ ■•.■,. . : : GRAIN AND POTATOES. . (By TeleErauli.—Press Association.) .'-. Chrlstchurch, February 8. Tho wheat that has been threshed sinco the rain is coming forward in better condition than..was expected, and. there-is, not .sunn■ keen■ ior ..cai'lor..'■ tlueebM

lots. A line of very prime - unweathered wheat has been sold at 4s. at country stations.. Tho bright drying weather.that has now.set in is enabling stook threshine to be resumed.'' ... ..,. .... Cocksfoot is now offering freely, and prices 'remain at quotations. -.-'.■ Tbo lato' : heavy rains have greatly improved tho appearance of tho potato crops, and the main crop is now looking exceed, ihgly vigorous, and healthy. -.;"■ ■'.-.. '': KAL4POI WOOLLEN COMPANX. ; . ißy Teleeraph.—l"reßs; Association.). ' ..Christchurch, February 8. Tho Kaiapoi Woollen Manufacturing Company has .'declared, an interim dividend, of i per cent;.'.for .>.tho7 half-year ending January 31. \\ ■ - ! :?: . ~ : ' ..;- - .WELLINGTON WOOL'BALES'!., ■..'■.- :'Tho • fourth of the! series of localwool sales will be held on Tuesday next. Entries., closed last evening, that is to say, wool-not actually in store-then'cannot be offered ■at -..the \ pending;, sale. ■... .The wool to-be submitted will'bo about 16.C00 bales tho offerinEts of approximately as follow :-Daleety and Co., 6250 bales; Murray, Roberta and Co., 2600 bales; Levin and Co., 3000 bales; Now Zealand Loan and , Mercantile,' 22C0 bales; Abraham and Williams,.-1700 bales; United Farmers and W.P.O.A:, 2500 bales;' total, 16,1)00 b'aleß. . .:/ . ■ -.. •-. ..rNVEKOAEGILLi WOOL: SALES. .. : • '(By Telesraph!—Press..Association.).' Invcrcarglll, February 8. The third and last Invercargill wool sale was held: to-day, when-2128 bales were offered.. The , finer "grade! wool, had all been disposed of :at previous' sales, .'and. to-day's lots were chicly comprised of coaraer varieties (from .stragglers in many, instances). Also tho wool was not so clean as the earlier-shorn lots. Despite these drawbacks,, prices'rcalised. showed'.a rise'of:from 3d.' to. Id;* per Ib.y and <■ even. up to: ljd. in a. few instances, as compared with tho highly satisfactory figures. secured at last sale. ; The experience of- all - tho ■ auctioneers.- was that tho lots passed in. at ■ last sale fonnd buyers' to- the: foregoing' degrees of'advantage. Medium and inferior wool, which at last' sale . brought 9Jd; to Uid., • to-day brought up to llid.'i and'lid, was-: a fairly general Bsure. .:..:■■■■:',.' . ".".- ~\.