COMMERCIAL.

Taranaki Daily News, Volume LIII, Issue 234, 8 February 1911, Page 2

COMMERCIAL.

LONDON MARKETS. By Cable—Press Association—Copyright. London, February 0. The bank rate has been raised to 4y 2 per cent. Waihi Shares.—Sellers 77s 6d, buyers 755. LONDON WOOL SALES. London, February 7. The wool sales were continued with fair competition at late rates, and will close on Tuesday. ANOTHER DROP IN WOOL. By Telegraph.—Press Association. Wellington, Tuesday. The fourth wool sale in Wellington this season was held to-day. There was a total offering of 12,700 bales. The entry of wools was good, and much better than the usual quality at this period of the season. The condition, however, was heavier, and many lines carried seed. After allowing for condition, prices generally for crossbreds were one halfpenny easier; pieces were down a halfpenny to three farthings, and locks fell one penny. Lambs' wool was somewhat disappointing; the highest price which was realised up to noon was 9%d, but the bulk sold in the neighborhood of Bd.

LONDON MARKETS. Dalgety and Company have received the following cablegram from their London office, dated February 2, in regard to frozen meat: — Lamb.—Weak, but without quotable change, and stocks are accumulating for Australian. Mutton.—The market is easier, and there is more disposition to do business at a decline in values. Beef.—Demand is limited. Australian, 1 /4 dto %d per lb. higher. There is only a small supply on hand, and New Zealand stocks are exhausted.