COMMERCIAL.

Taranaki Daily News, Volume LII, Issue 195, 22 September 1909, Page 4

COMMERCIAL.

WHEAT AND FLOUR. By Cable.—Press Association.—Copyright London, September 20. The wheat and Hour alloat for the United Kingdom totals 1,505,000 quarters, and for the Continent quarters. The Atlantic shipments total 150,000 quarters and Facitic 22,000 quarters. The New Zealand Loan and Mercantile Agency Company, Ltd., Stratford, have received the following cable from .their London house under yesterday's date;— "Frozen mutton: Market slightly improved. Frozen lamb: Market firm. Frozen beef (sides): Market easier. Sheepskins nave advanced %d >per lb since last saUy for coarse crossbred, clothing descriptions, combing merino, and short and shorn; %d for line crossbred." '

MONEY HKPORT. Mr. C. E. Major, mortage iigeut, Hawera, reports:-4Thero arc direct evidences during the past mo:ith of the restoration of confidence throughout tli'" Dominion. Tlie renewed confidence h largely a reflex of the improvement in trade throughout the United Kingdom, the Empire generally, ' and th? United Slates. With 'money- -rapidly casing during the July-September qua' : ter, a period (luring which the "returns for exports are at their lowest, it is simple addition to discover that money will be plentiful during the coniiSg tvo quarters, which include a promised record wooT clip at moil lucrative.price?. Even thougn meat is ruling low,' tingood prices for wool and dairy produce more than counter-balance the low price meat jus' now is realising. It is common report that our Premier has made arrangement for the flow of cheap money to New Zealand fo r investment. The wheel has turned.; the. 1 investor who sought and obtained good.(security at a high rate of interest is fortunate, for the opportunity to do so no longer obtains. Those who have clung to money with a vie'w to extorting usurious rates, both private lenders and corporate bodies, must now accept a lower rate o r suffer their money to lie idle or ventured in some business enterprise with its concomitant rinks.. .Money has cheapened ajri Is becoming cheaper and more plentiful every day. This will prove a boon to many enterprising and deseiving borrowers even though it decreiu.cs the value of all classes of bind and other property. The late stringency | has done good in calling attention to (lie need for energy and thrift in 'lie conduct of public as well as in private affairs. 1 quote money at from 5 per cent, to C per cent., varying 'with the margin of security offered.