COMMERCIAL

Taranaki Daily News, Volume LII, Issue 17, 13 February 1909, Page 2

COMMERCIAL

WESTI'OIIT IIAItllnl! l.iiAX. Received February ]■>. 11.Ml p.m. London. February i2. It is stated that the w'estport t'.2i111,11110 live per cent. I™ i has been' underwritten at CIOI. RANK. (IF EX(.'LAM) Itl-.Tt KX'S. Ucecivcd Fel.ruary 12, 8.33 p.m. London. Fohruary 12. The Hank of England returns for the past week are as follow:-Hold coin, ■t::i4,->.->7,(10U; reserve, C2.-i.757.000; proporlinii of reserve to liabilities, 49.72; note circulation. C2S.B7il.outl: public deposit., C!n..'il:l.iiiHij mher deposits, C41,321,(100: tiovernmi'iit securities, I'U.SOI.IWO: other securities, Jt2n.2.i(i,nun.

MONEY MARKET. The Hank rate is three per cent. Short loan bills, 1% per cent. The rate of discount for three months bills in London is 1% per cent., and in Berlin 2'/4 per cent. GOYEUXMEXT SECURITIES. Consols, £B4 15s. New South Wales •I per cents., £lOll. Victorian 4 per cents., .CIOO 15s. Xew Zealand 3 per cents.. CBB. Tasniatiian :i per een'ts.,t'B7 10s. Other stocks are unchanged. LOXDOX MARKETS. The wheat market is firm, prices being well maintained. Threshing returns from the Argentine are disappointing, causing some to be shipped back. There is a strong demand for the Continent. An Australian cargo sold at ■>'s lid. Ten thousand quarters of January shipment, 12,000 quarters of MarchApril shipment, and 0,000 tons per stiMinier February shipment brought 38s; 13,0011 quarters of February sliipincnt, 38s l'/ 3 d; two cargoes and 24,500 qnarters of February-March .shipment, 3Ss 3d; 1300 qnnrters January-February sliipincnt, 37s 10'/ 3 d. The sales previously reported at 38s Od are now contradicted. Australian on the spot is almost exhausted, and is nominally quoted at 40s Od to 41s.

Flour is firm at an advance of Cd. DAIRY PRODUCE. llutter is very dull. Danish is unchanged. There is only a limited demand for colonial. Quotations: Choicest Australian salted 104s to 100s, a few lots at 108s; misalted 108s and 110s.. Secondary sorts are almost unsaleable. Choicest New Zealand 110s METALS. Copper—On the spot £59 Is 3d, three months £SO 17s (id. Tin.—On the spot £129 15s, three .ail 7s od^ Load, £l3 T!s 3d. Spelter, £2l ss. Silver, 23% d. SUGAR, (lerman, 10s; first mark", 12s 3d. WOOL.

The Bradford wool market is firm. Prices are unchanged. Business is resl rioted. THJNKDI.Y WOOL SALE. By Telegraph - Press Association. Dunedin. Last Night. The third wool sale, of the season was held here to-day. when a catalogue of 72-19 hales was submitted. The number of hales offered was about 700 short of -Hi- total nt the corresponding sale in February of 19IJS. but the sale was characterised by. keener competition ami higher prices generally. The buyers present included representatives from British, Continental. American, and New Zealand holies, am] bidding was spirited throughout. The prices realised for good wool, were more in favour of buyer* than sellers, but medium* were a farthing to a halfpenny in favour of sellers as compared with Tnst .Tanuarv salr. Faulty, wasty, and heavv-i'ond'ilioncd lots were fullv a pciinv better than al the la«l sale. Pieces'and bellies, free from seeds, were keeuiy compeled for by Continental buyer-, and realised price fully up to .human rates. Merino wool wa» urn keenly bid for, and prices for manv loi* of these were fullv a pcnilv below .lauuarv rale-. This fact «-n at tribute,! to the loeul mills ha'' ' ! oiisly bought snllicieiil fn,- ' ~i

n,iiiiviiiciits fur the curre.it \.:i. ruled a. 1. 11111 \v ~: —Merino -upcr <M to fl',:.il. nieiliuui tn good Sd In S->',d inferior (M',il to :i,-:,d; half-bred super 1(1'...il In 1-J',:,il. iiiediuni to fiood ltd to lfl.l. inferinr (ii:,,l In 7r,d: cr0,.,-bve.l super !H/,,| to llUd. good 7'/.iil to B%d, niediniii ii'....d to 7d, inferinr 4«.-:,il to

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