COMMERCIAL.

Taranaki Daily News, Volume XLVII, Issue 8034, 22 January 1906, Page 3

COMMERCIAL.

DALGKTV & CO.'S KEPOHT. Dalgcty ,fc Company, Ltd., Wellington, have received the following cablegrams from their London ollice, dated the 18th instant : Butter: Market weak. We expect lower prices. Total imports of butter into the United Kingdom for the week ending 13th instant, amounted to 81,000 cwt, as compared with ',18,000 cwt. for the corresponding period of lal'l year. The Copenhagen olllcial quotation is G kroner* lower (about (is 7d) per cwt. We quote: Australian, finest, 110s to 112s. The market is depressed, and prices may decline further temporarily, hut we expect a better demand later possibly. Frozen Meat; Market very dull. Frozen mutton: Prices are firm. Frozen lamb: Prices are rather lower. X.Z. frozen beef: neglected. Since our telegram of the 10th instant, all sorts of iullow, except extra mutton tallow, are higher by (id per cwt. The wool sales continue active; competition is brisk, and the buying is general from all quarters. Fine merino wools, market firm. Inferior, faulty, and earthy wools, prices arc 5 per cent, lower than closing rates of last series. The wheat market is steady, but inactive.

WOOL MARKETS. liecciml 20, 1.17 p.m. London, January 11). Competition is brisk for all crosscreds and straight clip merinos. There have been some withdrawals of speculators lots. TKADE AND FINANCE. London, January 19. Bank of England returns.—Gold (•oin £211,574,000, reserve £21,011,000, proportion of reserve to liabilities 42-8!) notes in circulation £28,111,000. public deposits £7,733,1)00, other deposit:: £■11,137,000, Government securities 12,8311,000, ot]ierseeurities£33,l!)S,ooo. Three months bills on discount at 3-J. Consols 8l)j. New .South Wales foul's 107. three and a lialfs 1001, llirees 88. Victorian fours 101, three and a hall's "Jill, threes 871. South Australian three and a halt's 100, three 87. Queensland fours 105, three and a hall's Dill, threes 801. New Zealand fours 10IS1, three and a lialfs Oil, threes 881. Tasliuiniaii three and a lialfs ill), three 88. Copper, spot, £77 ss; three months, £75 10s. Tin, spot, £1(51 10s, three months, £lO2. Lead, £ Hi 15s. Iron. s)s. Surgar, German, Ss 3d tirst marks 10s 3d. Bradford wool: Good inquiry for all classes, ei ion sixties 2-li'd, super 25 Id. Wheat: Light shipments. The bad weather in the Argentine and drought in Tndia have caused activity in the wheat market, but Amaricaii is slighly ea'sier owing to liberal receipts iil' cargoes in (lie fnnii „f I|i)iio quarters. Victorian January shipments 325, Australian spot (small supply) 355, New Zealand scare and unexchanged. Flour : Dull, owing to large American suplpics. Australian patents are offering in London at 23s 3d c.i.f. Wool: The mild weather, the dec lions, and high price have checked inquiry. Butler: Butler, slow Irade. Ncw Zealand 112s to Ills, Australian 110s lo 112s, Danish 117s to 120s. The reInput- is not regarded as serious; curly improvement in the demand expected.'