COMMERCIAL.

Taranaki Daily News, Volume LI, Issue 40, 6 February 1908, Page 3

COMMERCIAL.

-MOxNEY IiEi'OKT. -Ur. (J, E. Major, mortgage ageut, reports:—All true citizens of our antipodal Dominion should realise and appreciate tlie fact that during the money crisis the tinancial world has just passed through they suliered jio scathe. Some may argue that indirect loss was encountered owing to the fall in the price ol wool. This, "iowever, is only in part attributable to the money panic; the real cause was owing to the large stocks held by the manufacturers of woollen goods and the demand for coarse wools having temporarily decreased. All arguments notwithstanding, the eminentlv satisfactory fact remains that New Jsea. land finance was not disturbed, and the ! ui'therinost ieaves of the sensitive plant linance did not shrink or curl during the hottest period in the United State" auJ tlie European centres. This must sural v " ,J t only a vindication of the Governliient policy of self-reliance, but a complete answer to the critics who carped at the late and present Premiers' optimistic and courageous policy. Happily Jlie crisis is over; toe rate of discount in London, our money centre, is steadily failing. Consols and foreign and colonial standard stocks are rising and wool is firmer, with an upward tendency—all for congratulation by producer and dealer. Money lor investment upon -mnd security js plentiful and cheap ihe Dominion. Even wilb tiie present dry season and threatened drought mi the debit side of our country s ledger the export* show a record in lolmne and value, and it may with truth be said that the ever-present croaker's '•Makings are silenced by the undeniable evidences that the present is the mosl I prosperous era New Zealand has known.

jj.uki rnnDicio RKi'oirr. Messrs. E. (.'riliitlirs and Co.. dairy pro. duce exporters. New J'lyinout h. are in of tlii- following market report li-oni their London principals, Messrs Mills and Sparrow, dated 37th Decernher, lf)o7: —■ limtcr.—\T"e are experienciii" colder leather, and snow is falling in 6cv ,, Ml it " 7 - Vo Hm "s o in i )r|, '''i lint orden have not been as free ns would wish. Siberian: Very few arriving and reports are general tint we cannot expect increase,! quantity for some tune. J rend,: Trade in France is .200(1 an.l markets linn, particularly on luiest qualifies. Australian: The 'holidays have interfered with trade and quite „ f ow butters ex Durham renuiu unplaced, ft is dii'.ici.H to say ],„, v (li, market will open next week, but buvers are now holding off. The colder weather •hoiihl help the trade. \ew ZealandItutter ex s.s. Arawa is landin<> sluwlv anil buyers arc not taking anything beyond their actual requirements '"they "■pi"? am! anticipating that prices wiil be easier next week, -is with Australian I it is difficult to Miy how the market will l shape, but buyers will have to come on | «'ith more zest, or prices will ease off N or 2~.