COMMERCIAL.

Taranaki Daily News, Volume LII, Issue 12, 8 February 1909, Page 4

COMMERCIAL.

AX LNDIAN LOAX. . . . -kouduii, February 5. India is issuing a, seven and a-half millions 3% per cunt. Joan at 117. TIIE MONEY 'MARKET. London, February 3. Three mouths' Bills are quoted at - 5-10 per cent. For short Joans the rate is 1% per cent. The Bank rate is *» per cent. LONDON jiIiARKETS. «T» i ~ London, February 5. Wheat—The markets are firm with a general advance of 3d. There is ail active demand for cargoes, c-hidry Jor tho Continent, which sold up to 4Us •^ UB ' ra^ail > 011 spot, realised Flour-—Firm, little animation. Ausj trahan is quoted in London at 27s and -7s Od. for ■spotj 27s Cd is asked m (jlasgow for tlie March-April shipment. Butter—Butter is steady, Danish being quoted at 117s and 119s. There is a fair demand. Choicest colonial is celling at late rates, secondaries being slow. Consignees report that many Victorian brands are below the best standard of quality. Sheepskins sale—B3so bales wel'e offered, and practically all were sold. There was a large attendance of Home and Continental buyers. Bidding was animated. The figures for best comb* iugs were unchanged. All clothings, coarse crossbred* and combings ranged from par to a farthing lower. The aext sale is on March 18.

Wool The London wool sales were brisk, and prices firm at recent rates. Tim Tukorongo clip realised 10y 3 d. At Bradford wool is unchanged. Copper—On spot £SB . ss, three months JDS9 ss. Tin-On spot £124 12s Od, three months ,C 120 Ids. Lend, £l3 2s !)d. Iron, 48s 4d. Sugar Steady. German 10s, first marks 12s.

JXIXDOX WOOL SALES. London. Febrnarv (i. Wool met with good sale at the'highest rates of the series. MXDOX SIIEJSPSKIX MARKET. ; The New Zealand Loan and Mercantile Agency Company, Ltd., have received tho following message from their London house, under date 4th inst.— Sheepskins. The market is firm for merinos and fine crossbreds. Halfwoolled crossbreds and coarse crossbreds have declined y 4 d per lb. There is a good demand."

ENGLISH BUTTER MARKET. Messrs. E. ovifJitlis and Co. are iu receipt of the followiug butter market report from their London principals, -Messrs. Mills and Sparrow, dated 18th December:— Weather continues very unsettled, and wintry conditions are absent. ; BUTTER. | Danish.—Shipments to the Nurlh this week were about '2.300 casks over last. This extra quantity has caused quite a i slump there, and prices have been very irregular. Quotation in Dcnanark has ben reduced two kroners in consequence. Siberian.—Some of the better parcels of stored are selling, and the arrivals ( of freshly-made are clearing, but at poor prices in comparison with colonial. French. The quantity coming into the various markets is inucli less, and prices all over France are higher. Quotations for fresh h (unsalted) rolls have been advanced <id per dozen pounds, and baskets and firkins of salt, also fresh baskets, 4s. Australian.—Butters ex s.s.' Oroya have come to hand in good order, and although on the whohe prices, in sympathy with the drop in the North, havn been in the buyers' /favor, the butters ■have cleared and tlue floors are clear, ■ready for the s.s. China's cargo, due to iloek to-inorrow. New Zealand—The s.s. Athenic docked this morning. The shipping company hope to get at the. butter this evening, and have arranged to work all night so as to get the butter out. If this is done it will help agent* considerably and enable them to deliver in the country in ■time for the Christmas trade. There ■have been soane cheap sellers, but most ■of' the agents are firm for all fancy •brands, and are holding out for full ■prices.

CHEESE. New Zealand.—Die the s.s. Turakina's shipment pleased, and nearly everything is cleared, a few white only ■being unsold, colored at the moment being rather the- better sale. Umadiiin. Trade slow unless for ■something of exceptional quality, buyers •preferring tlie New Zealands, which are arriving hi fine order.