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Taranaki Daily News, Volume LIV, Issue 201, 22 February 1912, Page 2

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LONDON MARKETS. By Cable—Prew Awjociation—Copyright. London, February 20. Share Quotations.—Bank of Australasia, £lls and £117; Bank of New South Wales, £43 and £44; Union Bank, £57 10s rind £SB 10s; National Bank of New Zealand, £5 3s 9d and £5 8s 9d; Bank of New Zealand, £lO 10s and £ll 10s. DUNEDIN WOOL SALES, By Telegraph—Press Association. Dunedin, Wednesday. Business at the third wool sale of the Dunedin aeries this morning was disappointing on the whole. Some 13,000 bales were offered, including a fair proportion of good quality wool. The bulk, however, was somewhat inferior. There was an absence of American representatives, consequently prices for lots suitable for that country showed a decline from a farthing to three farthings per pound. Crossbreds were also weaker to the extent of a half-penny. Medium lots were practically at the same level as at last month's sales. All the New Zealand factories were not represented, and those who were present were cautious in bidding for merino, which suffered a decline to the extent of a half-penny. The. top price obtained till one o'clock was 12d. It is generally thought that the universal strikes are affecting the demand. ! LONDON PRODUCE REPORT. I Messrs E. Griffiths and Co. are in receipt of the following market report from their London principals, Messrs Mills and Sparrow, dated January 12:— Trade continues good ,and buyers at last seem resigned to the existing high values. In some quarters the retail prices have been advanced, but it is not anticipated this will have any material effect upon the consumption. Danish: The quotation lias been raised two kroner. - Siberian: A few hundred casks came to hand this week, and were quickly snapped up, especially secondary, which is in' very short supply. Australian: Supplies this week have been fairly good. We had the Orvieto with about 49,000 boxes, Peshawur with about IS,OOO and the Dorset with about (WOO. Sellers started by asking an advance of 2s to 4s on last week's prices, and in come cases this was made, but it has been found difficult to maintain this advance, and to-day the market closed quiet at about 2s better than last week. The supply of unsalted butter is still very much overdone, and it has to be sold at even lower prices than salted, with the exception of a few choice brands. New Zealand: The Turakina has clear- > ed up very well; in fact, at the time of writing we not think there is a box unhold, and as the Athenic is now in dock, it should, therefore, meet a good demand. Argentine: Arrivals are small, but they are very useful, as all butter is badly wanted. Cheese.—After the of last week things have naturally been a little quiet, but we think they will wake up again as soon as we get the cheese from the Athenic, which we hope to do next week. The position remains unchanged, and it seems to us that buyers must take the cheese all the time. They will, of course, struggle as regards priee, and we may hare to give way Is occasionally, but wo do not look for any material ali teration.