COMMERCIAL.

Taranaki Daily News, Volume L, Issue 60, 29 July 1907, Page 3

COMMERCIAL.

LONDON MARKETS. By Cable.—Press Association.—Copyright. London, July 2li. The Director of Government Farms, Canada, estimates that the wheat yield from Manitoba and the North-West Territory will be two-thirds to thracI'ourths of the full crop. The warm weather ha.s made the wheat markets quieter and slightly lowered prices, although it is certain that the harvest will be late in Britain, France, and Germany, and that the crop in all Eurupeau countries except Russia wi.l not equal that of 1000. Business in cargoes has been quiet till to-day, when four cargoes were disposed of at 34s to 34s 0(1. The flour market is dull. Buyers are inactive, anticipating lower prices. Australian June-July shipments arc offering at Glasgow at 20s lid. The butter market is slow. Colonial unchanged; Danish, Ills to 112s. The cheese market is firm. New Zealand, 60s to 61s; new Canadian, 50s to 58s. Copper—On spot, £O4 10s; three months, £B7. Tin—On spot, £lB3 ss; three mouths, unchanged. Lead, £2l ss. Iron, 58s Cd. Sugar—German, «s lid; first marke, lis 4d. Bradford wool—The market is dull. Common sixties, 27d; super, 28d.

LONDON WOOL SALES. Per Press Association. Wellington, July 27. The Department of Industries and Commerce has received the following cable from the High Commissioner at London, dated July 25th;— The wool sales have closed with light condition wool at former prices, and heavy condition at Id lower. Stocks are moderate and trade good, with favorable prospect*. Estimated values are: Rue crossbreds, all grades, Is Id to Is 4d; medium crossbreds, all grades, K)'/ 2 d to Is Id; superior merino, Is to Is 2%d; medium merino, lid to Is Id; "inferior merino, 7 1 / J! d to lOd. THE SYDNEY BUTTER MARKET. • Sydney, July 27. The local butter market is in an unsatisfactory condition, being heavily overstocked. Arrivals are still increasing I Large quantities are being placed in cold storage.

Dalgety and Company, Ltd., Wellington, have received the following cable advice from their London house, dated the 24th, inst.:—

''Sales closed firm, (ireasy good merino wools—Prices are on the average at par to J / 3 d higher than the dosing rates of May series. All other greasy merino wools—prices arc on a par with closing rates of last series. Scoured good merino wools, at par to '/id lower. Inferior and faulty descriptions, irregular,' and prices are 5 to 10 per cent, lower. Fine greasy crossbred unchanged. Seour- , ed fine crossbred wools, 5 per cent lower. Creasy medium and coarse crossbred wools, 5 to 8 per emit, lower, except bright shafty combing wools and wools suitable, for America, which are on a par with last series closing rates. Scoured medium and coarse crossbred wools, slipes, 10 per cent, lower. Total number of bales available I including old stock) amounted to lflS.Ourt bales. Out of the net quantity available for sale, some 84,000 bales have been sold for home consumption, 55,000 bales for the Continent. 5000 hales for' America, leaving 24,000 bales to be carried forward to the next series."