COMMERCIAL.

Taranaki Daily News, Volume LII, Issue 190, 23 September 1909, Page 3

COMMERCIAL.

[ A COLONIAL LOAN. [By Cable.—Press Association.—Copyright Sydney, September 21. The Savings Bank Commissioners accept the tenders for a credit and fonder loan of £200,000 at 3% per cent. The average obtained was £O6 0s 3d.

BANK SCARES.' London, September 21. Bank Shares—New South Wales, buyers £47, sellers £4B 10s, tile rest unchanged.

THE WOOL MARKET. f London, September 21. Wool opened brisk, with a 15 per cent, advance.

Received 22, 11.20 p.m. London, September 22. At the wool sales the Buxton Co. and Balme Co. offered 6700 bales, whereof 5344 were New Zealand. There were very inferior selections. There was a crowded attendance and e.xeited eonpetitions from all quarters, especially Americans, who freely bought greasy Compared with the closing rates of the July sales, merinos advanced 10 per cent, and crossbreds 15 per cent.

By Telegraph.—Press Association. Wellington, Wednesday. The following cable, dated London, September 21. lias been received from the High Commissioner: The wool sales have commenced. There is a very brisk demand and great competition between American and Continental buyers. Supplies will be moderate. The market has advanced fully one penny on the average closing prices at last sale,