COMMERCIAL.

Taranaki Daily News, Volume XLVII, Issue 8062, 19 March 1906, Page 3

COMMERCIAL.

LONDON MARKET ADVICES. Dalgety and Company, Ltd., Wellington, have received the following cablegrams from their Loudon ollice, dated the loth instant : Butter: The market is very weak, official Copenhagen quotation is unchanged. The total imports of butter into the United Kingdom for the weekending the 10th instant amounted to 89,000 cwt., as compared with 59.01)11 c.rt. ftr the corresponding period of last year. More demand for unsalted Ihiin salted. Frozen meat : Canterbury frozen mutton, since our last telegram prices are unchanged. North Island mutton, prices are higher by ;',d per lb. Now Zealand frozen lamb, lower liy par to Id per lb. New Zealand frozen beef, prices are unchanged. There is more demand for frozen meat in general. Tallow" : Since our last telegram prices for tallow (medium and inferior descriptions! are higher by 3d to (id per cwt. Prime mutton tallow, lower by Is per ewt. LONDON WOOL SALES. The wool sales opened with a good selection. There is a large attendance of bujers, and competition is vcrv animated.. Merino wools, prices are on the average 5 per cent, higher than closing rates of last series. Fine crossbred wools, 5 to 7\ per cent, higher. Medium and coarse crossbred wools, prices 011 the average are 10 per cent, higher than closing rates of last series. Wheat: Market steady, but not much doing. London, March 17. Bank of England returns: Gold coin £3(>,380,000, in 'reserve £28,035,000, proportion of reserve to liabilities 47.55, notes in circulation £27,927,0J0, public deposits £19,121,000, other deposits £■11,012,000, Government securities Gil), 115,000, other securities £33,723,000. Three months bills are discounted at 3 9-lii. C nsols 911-J. New South Wales fours 111), Victorian Fours 101, three and a hall's 101, | threes 90. Adel lide three aud a half 101, New Zealand lours 11 >7 i. l'erlh three aud a hall's 99.}. Rjst un- 1 changed. The Engligh wheat markets are dull, and prices show about sixpence decline owing to better crop prospects in India, heavy shipments from the Argentine, and pressure of sales. American is weak owing to accumulating stocks aud goud prospects. Cargoes are neglected. Holders are linn, asking 30s !)d to 31s, Victorian atloat 30s 9d, March-April 30s 3d to 30s (id. "lour: Dull, and prices declining, C.i.''. is ollvrcd at 225. Sales in Glasgow :'3s Od fer March shipment. Sugar: I inn. German Ss lUd, first marks 10s 4d, I

Bradford wool: lirisk enquiry lor all classes. Prices are ral her cheeking business. Common sixties 2G.\tl, super 27.1 d, forty-sixies 17.1, forties 17-Ul. At the wool sales Gear'fetched ll;d. Stonyburst 1 l-jil. Sales were animated, and the opening prices were often ex. ceedcd. Butter: Very dull,—and demand poor. Stocks arc accumulating. Danish is unchanged. Choicest Australian litis to 'JSs, and occasionally lnits. The <juality in luilk is unsatisfactory. .New Zealand 103s to lilts: unsalted linn, and prices unchanged. Cheese: Firm. Xew Zealand white (i2s, colored li t.