COMMERCIAL AND FINANCIAL.

Evening Post, Volume LXXV, Issue 14, 17 January 1908, Page 6

COMMERCIAL AND FINANCIAL.

BANK RATE REDUCED. By Telfgraph.— Press Association.- Copyright. (Received January 17, 10.37 a.m.) LONDON, 16th January. The Bank of England rate of discount has been reduced from 6to 5 per ceut. ; • WHEAT AND WOOL. LONDON. 16th July. The American visible supply of wheat is 67,501,000 bushels. Wool Sales — A lack of animation characterised the Antwerp sales, Merino, compared with Novomber sales, shoeing asto 8 per cent, deciino. Crossbreds were neglected. Three thousand fivo hundred and fifty bales of La Plata offered and 1554 sold. Jt MELBOURNE HIDE SALES. j MELBOURNE, 16th January. The, market for heavy and medium hides ia firmer. Others are unchanged. Messrs. Abraham and Williams, Ltd., j held their- Pahautanui sale yesterday A heavy yarding of shoep came forward, ! but owing to the continued dry weather the bidding was slow. The bulk of the entries \uro sold at tho following prices: — Two and four-toothed wethers, at 11s 9d to 12s 9d ; small wothers, lla to 11s ! 3d ; full-mouthed ewes, 8s 6d to 9s; 4 and 6-tooth ewes, 9s lid ; yearling and eighteen-month steers, £2 5s to £2 7s 6d ; , aged covi'S, up to £2; black-faced rams, i l£gs; Lincoln rams, llgs; porkers (slips), 9s to 15s.

liet-veoii Napier and lias 1 . Cape; moderate to stiong eoutli-e.istc-rly at nil other pluoes. Barometer.-— Rise everywhere. • Sea. — Heavy on East Cape, and considerable! thence southward; moderate northward of Enst Capo aud on all western coast. Tides. — Good on all easi ci n coast and also on weet coasi north of Kawhia ; poor at all other ports. Rain, is probable northwaid of Napier, Taupo, and Raglan. Warning signal for southerly gale- is exhibited at Ea«t Cape. R. A. EDWIN.