COMMERCIAL.

Taranaki Daily News, Volume LI, Issue 32, 28 January 1908, Page 4

COMMERCIAL.

WHLAT AMJ TLULI;. j Loudon, January 20. 1 ike quantity ol wheal aud Hour about ] lor ike Lulled kingdom is j,Jbj,uou | quarters; lor lue cuuuueut, I,a,u,OUU quarters; Allauiic sbipuieul:, b»l',oiAl quarters; X'acilie shipments, ~to,W) quarters.

HlbH CUMUISsIU-NLlt'S CABLE. I'er Press Association. Wellington, January -7. The Department oi Industries aud Commerce Uas lee'hed the lolloping cablegram ll'oru the High Commissioner ,u Loudon, dated January -ilk:— Frozen .Meat.—l be nun ton market is quiet. Stocks oi .New Zcal.md luuttou on hand are light, and prices aie maintained. loUowiug are uie quotations: Canterbury 3; 3 .1, -North island Austialiau 2;„u, itiver I'lale Ju. Ihe lamb market to steady, and luir business is being done. Mock- ot Australian lamb uu baud are heavy, aud are widely distribuled amongst agents. The ageuis are pushing sale*-. Australian is being quoted at l' /a d. Sew Zealand lamb snipped by the -Hainan averaged lid. the oeel markel is quiet and steady. Xiiudquarieis J; B d, lorcqiiarlcrs 2; 4 d. Butler.— Ike market is \er\ lirm, being greatly atlectcd by hot weather and bush nro. in Australia aud Sew Zealand. There is a general active demand. Prospects are iavourable. Choicest Sew /.eakiud butler HUs, Australian 117s, Argentine li7s. Danish 125?, Siberian lUs.

Cheese.—The niarke. is a shade weaker. There is less demand, Sew Zealand white makes 010 (id, coloured U2s W. ___». Hemp—The markel is quiet, aud small business Is being uoue. The market is likely to remain lor some lime ac at present. There is uu speculation iu au) - Hung at present. Current quotations are:—boou lair grade Jtis, lair grade Jl27 7 lair current mauila jci'J lUs. January lo March shipments: Good fair grade JLiS, fair grade Jtii", fair current untiiila £■£). The stock held ou January Ist amounted to 731 tons. There has been uo alteration in the cocksioot seed market since lad week. Kauri bum.—l-'oilowuig aie curie'if quotations lor kauri gum:--cU'iliuary lo lair three-quarter scraped liijs, lair hull serapeu lujs, blown lair hall to llui.--'quarter scraped 'J2« bu ; oionn piekingcommuu lo good iis, bush lair 10 good pale and amber serapeu IJJs Ud. Slocks in London on January Ist amounted n tils tons. Wool.—Tu'e market is steady and lair business is being dene.

THE WOOL oI'TLoOK. There never wa, a time iu the lii-ttiiy of trade when tlie position of wool was so holly debated as at present, and when the question ot price versus consumption was so Keenly contested. On the one hand we have those who tell u» that wool is bound to share in the fall which all commodities, except wheat anil cual. are at present uudcrguiug, while, on the other hand, there is a school ol pi.i|,hi-ts who -jv that the World's needs in regards to textile- are n uch that every ounce of wool grown will be wanted before another clip comes rouud. It is certain that users lace the coming Australasian, tape, and liiver Plate neiv clips with eleau-svvept Hoards, and as this its written there is great urgency being shown to puivha-c .suitable stock. It can be taken lor granted tlut users would not Ix: operating Australia, as cable reports say, and paying the long prices they are it they are Mot iu urgent need of the raw material, and it seems that we are nut as yet going to encounter much ui a set-back unless we are plunged into some great commercial calamity or nee a great railway strike. There ie no doubt that the trade and commerce of the world is strung together with a very sensitive cord, and whatever important happens, it soon affects the entire lump. The financial panic in Xew lork has given rise to feelings of pessimism ou this side of the Atlantic, arid made woolrnen prick their ears as they looked upon the situation. The question asked is: How is this going to affect the American buyer o£ wool, and is it going to put the "brake upon colonial purchases during the next few months'—Balgety's Review.