COMMERCIAL.

Taranaki Daily News, Volume LI, Issue 298, 11 December 1908, Page 4

COMMERCIAL.

LONDON \VOOL SALES. | London, December !). At tlie wool sales there was a very good demand and increased animation among bidders. Prices are unchanged. The Jleece portion of bite Waitara clip sold at 8!/ s d.

LONDON MARKETS. Londo'li, December I). Silver, 22%4. Tallow.—At the sales til!) casks were oll'ered ami Hi sold. Mutton, line Ms i)d, medium 30s lid; beef, line 32s 3d, medium libs. Wheat.—The American visible supply is 82,157,000 bushels.

SOUTH AUSTRAL-lAN LOAN. London, December I). The scrip of the new South Australian oau is being sold at a discount of 1 to I'/a per cent.

WEBSTER BROS.' REPORT, . We had a large entry of poultry lash 1 Saturday, every pen being lilted, Prices ■were still aliout the same, with good ,Vu maud for ial poultry. Old hens Is lid to Is i)d, fat do. 2s 3d to 2s lid, (lucklings Od to Is Bd. chicks 5d to lOd, ducks 2s 4.1 to 2s H.l. gobblers lis to Ills, duck and ducklings is lid. Fruit.—Last week a large IoL of fruit came forward. Prices as under: Ooosebei'ties 4s lid to ■'is, red currants lis to lis !)d per box; tomatoes, small ."ill to .V/:,d, good (itl to 7V-,d; lemons, 2s Oil to :i v : peas, H',ol to l'lld per peck; turnips, 2.- lid: cabbages, Is per sack; spring union-, Is lid; lettuces, Is pelcase; new potatoes, strawberries, Hid to Is 2d.

JIOXIOY HKl'OllT. Mi'. C. 10. Major, mortgage ugciit, reports:- -"Tin' feeling of insecurity that I has obtained in this niind.s of the director* of iinaiieial institutions throughout Australasia, evidenced by the stringency of tin- money market duVing the past twelve months, is steadily being changed to a feeling of more eontiilence. The tightness c ,f t|| C , money market during (lie past year may be accepted as the result of till' liniiiK'isil panie that swept over lOuropi' and Ameriea and even extended to the Eastern countries trading with the "Western. The seareity or the plcntifulness of money in debit countries such as New Zealand is always a question of the conditions ruling in the great money markets of the world. The price of our raw products is, of course, an important factor all'ecting our prosperity and local supply of currency. The substantial increase in the price of wool, our staple .product, and indications being in favor of a good harvest anil dairying I season, menus that tile sources of money supply will be augmented and that "money will before long be again plentiful lind available at reasonable rates of interest to those who have security of pledge. It is not high land values so much as the. ruling prices for produce tlmt governs the policy of the heads of the financial institutions throughout Australasia. Money is alI ready becoming available at slightly lower rates, and the tendency is for rates to hecome lower still. jPrcsent quotations for large, sums upon exceptional rural security I quote at 5 per cent., and upon the average rural security s'/- per cent., and smaller sums at 0 per cent."