COMMERCIAL.

Taranaki Daily News, Volume LII, Issue 234, 8 November 1909, Page 4

COMMERCIAL.

LONDON MARKETS. l)y Cable—Press Association—Co|iyrig it London, N'ovemocr o. The American visible supply of wheat is 54,500,U00 bushels. Barley was strong in demand and met with a ready sale. Australian malting sold at 34s lo ;)7s lid. chevalier 32s to Oal.s are dull. Cartons sold at 20a UJ to 22*. spanowbills 1 19s Ud to 20s i)d. U Plata December-January shipment 14? ad.

Beans are [inn. New Zealand sold at Il7s lid to m lid.

THE MONEY MARKET. Mr. 0. K. Major, mortgage agent, Ilavera, reports: —There can be no ueiier evidence of the marked improvement in the money market than the tardy admissions througli the Press of such being the case by those who for obvious reasons were interested in maintaining high rules of interest. The Premier's financial arrangements made during his visit lo England and the increase in value of our staple exports has resulted in substantia I financial hene(il« to the Dominion. Tile renewed activity of the (iovernnu-nt Advance* Department has 3j relieved the pressure ironi the individual lender and lending companies Uat the rate of interest foa» fallen, and lenders are not *>u insistent as to ihe margin required or so critical of the security it>elf. Owing to the combination by politicians and financier* wlio took advantage of Hie ivlle.\ in New Zealand of the lo*s of confidence in America and consequent crisis there to cry "Wolf," a financial panic was only avoided here by reason of th« Government lending insti. iutions coming to ihc rescue, principally of the borrnwers of small sums. The crisis is past, and dwellers in the Do"minion have much to be thankful for. lor never in its history has there been so many visible indications of prosperity and for its continuance. Quite unexpectedly the bank returns for the quarter just ended show a decrease in advances and an increase in deposits. 1 have lately negotiated several advances for large sums at 5 per cent., and am •hopeful that during the coming yea", unless some Old World complications take place, to be able to quote money at 4% per cent, upon good margin freehold.

PRODUCE REPORT. Messrs. E. Grifliths and Co, arc in receipt of the following market report from their London principals, Mills and Sparrow, dated 24th .September, 100!): y fnce our last r eport we have had a tew days of very fine weather, but yesterday it went back to the same old drizzle. BUTTER. Danish.— The quotation remains unchanged, the recent advances having somewhat cheeked the keen demand that Existed. 1 ricsli.—At the commencement of the ■>V'vk holders were standing out for higher pviws, but, linding these unobtainable, they have resumed sellin? at last week", prices. J'rench.--! he position \& practically unchanged, the supplv being just about suflicient to meet the demand, with the exception, perhaps, of a certain quality of llie lower grades, which seems to be a little short.

Siberian.—Arrivals this week amount i" about 10,000 casks. Trade has not beon quite so brisk as last week; bnvors an evidently using a few butters that they puf, in si ore a little while baric. Should I here be any left over this week, Jii doubt tliey wilj dear up at the beginning of next, as the quantity arriving then is expected to be less than this. Colonial.—A few hundred Queensland butters came to hand this week per s.s. rtmrnh: these sold immediately on arrival at good prices. There are also a f. v* butter*; due to arrive on the 20th instant per s.s. M«dic, and although th' i -e are only small shipments, they all tend to keep buyers interested. All stored butters should now be sold on arrival. so as to be cleared away before tlie new season's goods commence to romp in. The s.s. Athcnic is due to dock-to-day from New Zealand, and the few buffers that she has on board should meet a very good market.

ITAWERA STOCK MARKET. Messrs, flillies and Xalder report that tliJfiiipr till, past fortnight tliey have acid sfoek sales at Anroa, Manaia, Okinawa a 'id ITaweni. ' -■U Auroa on the -2."> th there was n fair yarding of tattle, ami all sold at quota, lions. At Mann In on Tuesday, the 26th. there was a verv large yarding, « good attendmire. and ail excellent sale for all classes '•? stock. flood young hulls sold frcelv from I to 11 guineas, forward to fa! demand at from i'.'i to I'l Us Kpringing heifers from £-1 10s 1.0 cn 2s Oil. nil the same dav we helii n clearing sale for Mr. 11. Stevenson, who i- leaving the district. There was a ,L n "d a 1 iemlanee. and satisfactory price* v.i. re realised.

M Okiiiuw.i on Al.iii.la.v, Ist Novem- ' t' lo weather conditions wore ad-vit'-e, lieiivr min falling „|l the aftei- »'»■* a good entry and punted bidding, everything being sold at good prices. Store cows sold from ( • forward cows made from •U to £4 ss, fat cows to ,£fi 2 S for ?n J f? 1 ' 1 "I' to « Ws; steers =°l<! at £3 14s, £3, .12 7s, .£2 ss, £2. At 11-nwera on Thursday, 4th, favored » bcniititiil weal],,.,-, we had an onorii oiis yarding .„„| ~ sa | o ' j! out "l 00 shcc 'P> bill prices were decidedly easier. All (lie cattle pens, races I w., were filled with cattle, and a verv number of cattle bad to be held »i sheep pens, 1034 head of cattle bcin" panned. I< :it cows met with good com" . :.i 1011: a pen of llv,. very prime heifer* vcHit 'tr'li S S' ( '' cmlsi(le ™Pr tlio '< ■Ol , lfl ,n h • S ' !TC " tM » sold at £4 "c-i 5s PI ,-' tWVS SOl(1 -to 10a. •1 till ' f I Ifis ' UU|l C 4 10s: •1 Hie ot «(orr cows sold at £3 for 40'flier lines sold Ci'is fid and £3 0s fid' sold Ti„ V- !° s; , S row " ''"Hocks 'iuc well f , s ' """thw choice •I"f well forward Cfi 2s. Bulls iml springers of lv |, w , tnlij.sold lively at late quotations. °