COMMERCIAL.

Taranaki Daily News, Volume LI, Issue 256, 22 October 1908, Page 4

COMMERCIAL.

LONDON WOOL SALES, Dalgety and Co., Ltd., .Wellington, luive "received the following cable message. froiu London, dated lDtli instant;— "The wool sales closed linn. As compared with the closing rates of last series greasy merino (combing) medium quality wools are at par to 5 per cent, higher; line crossbreds, par to 5 per cent.- higtlier; greasy merinos, good quality and condition, unchanged; inferior merino wools, par to 5 per cent, lower; 'scoured merinos, ,j to II) p;r cent, lower; greasy crossbreds, mcdii P.i and coarse quality, par to 5 per cent, lower; scoured crossbreds. 10 per cent, lower; slipe wools, f> to 7'/ 2 per cent, lower. The total net quantity available amounted to 2."i7,000 bales. Might thousand bales have been sold '.<> America, 100, DUO bales for Home consumption, and 102.000 ball's for the Con tinent; 20.000 bales were not oll'el'e.l and 38,000 have been carried i'or\va"> to the next series. Should politic.! complications be avoided a slight a-1 vance is probable later on.'' The lleece portion of the Wailiouii [I clip brought an average price of (i'/jd.

LONDON' MARKETS. London, October 20. t'ojjper—Oil the spot £39 7s Gd, three months £OO as. Elcetroyltie, copper £Ol 10s. Tin—On the spot £132. Lead, £l3 8s 9d. Silver, 23% d. ( Wlieat is one shilling c'heaper on the week. A line of 5300 tons of Australian ex steamer, January-February, was sold at 33s 7 '/id. LONDON SHAREMARKET. London, October 20. Bank s hares are quoted as follows: Bank of Australasia: Buyers £lO3 C-> Sd, sellers £lO4 10s. Union Bank: Buyers £SO 10s, sellers £OO 10s. Bank of New Zealand: Buyers £0 15s, sellers £lO ss. Loan and Mercantile debentures arc quoted at £O4.

AUSTRALIAN MARKETS. Sydney, October 21. Flour, £9 ss. Wheat, 4s 2'/»d. # Oats —Tasinanian white 3s to 3s 1(1, New Zealand A grade Gartons 3s 2d. Parley—Cape 4s 4d to 4s Od. Maize, 4s 7d. Bran and pollard, £6. Potatoes—Tasinanian redskins £0 Onions —Victorian £l4, Butter, 108s. Bacon, BV»d. * Melbourne, October 21. Wheat, 4s. . Flour, ,£8 10s. Oats —Feeding 2s sd. Barley—Cape feeding 3s 4d to 3s Od. Maize, 4s 2d. j Bran, Is Id. Pollard, Is 2d. Potatoes, £3 os to £3 15s. Onions, £l2. Adelaide, October 21. Wheat, 3s 9 ! / a d. Flour—Market dull. Quotation, £8 10s. Bran and pollard, Is Id. HIGH COMMISSIONER'S REPORT. Wellington, Wednesday. The following cablegram has been received from the High Commissioner at. London, dated October 20:— The wool sales closed with a bri-.k demand at recent quotations. Supplies were well cleared, and the prospects are rather more encouraging. There is good demand from America and t;r Continent. Estimated values are as iollows:—Superior merino 10',i. l > . is OV-jd, medium meriuo 8d to 10.1. i:it ""or merino (id to 7'/;>d, fine crossbred? i.iil grades) 10'/ 3 d to Is O'/jd, medium 8d M lO'/ad, coarse s'/ ; d to S'/id.