COMMERCIAL.

Auckland Star, Volume XLI, Issue 16, 16 July 1910, Page 8

COMMERCIAL.

LONDON CABLE. The New Zealand Loan and Mercantile Agency Company, Limited, Auckland, have received the following cablegram from, their London house, under date 13th July, ■1010:— Wheat—Sold at 34/3 c.lf., Australian, cargo. Market firm. Very unsettled feeling; position owing to favourable crop reports. Market prospects, Continental outlook uncertain. Oats.— G-artons, 18/; Sparrowbills, 17/. Market quiet, but steady. Tallow.—We quote present spot values for the following descriptions:—Good mutton, 38/6 per cwt; good beef 35/6 per cwt, mixed 33/6 per cwt. Market active. LONDON WOOL SALES.

The Bank of New Zealand has received the following cable message from its London office, with reference to tie wool sajes: —"Prices are lower, 5 per cent to 7J per cent for Inferior slipes; merinos and coarse crossbreds, scoured, inferior, prices are id to Id per lb lower. Prices for coarse crossbreds have risen par to 5 per cent Current prices for Sonth Island farmers' lots. Canterbury style: Inferior merino common 60/64 - s quality, 10d to IOJd per lb; superior merino, super, 60/64 - e quality, 12d to 13d; half or quarter-bred, uG's quality, average condition, 12d -to 13d. Prices of all kinds of sheepskins are lower par to 5 per cent. Current prices are: For merino full woolled, Od: for merino short and shorn, 5d- for crossbred, full woolled, fine, lOJd; for crossbred, full woolled, coarse, 9d; for .crossbred half to three-quarter, woolled, fine, 9d- for crossbred, hrflf to three-quarter, coarse, Sd; for crossbred, short and shorn, 6d." The New ZealaifcJ. Loan and Mercantile Agency Co., Ltd., have received the following cablegram from their London house under date 14th July:—"Since last sales merino sheepskins and short and shorn sheepskins have declined in price id per lb; other descriptions }d to Jd per lb." ("Received 9.31 a.m.) the wool sales to-day faulty scoureds and slipes slow of sale. Everything else firm and unchanged. TARANAKI PETROLEUM COMPANY. INCREASING OUTPUT. NEW PLYMOUTH, this day. The Taxanaki Petroleum Company has secured a very satisfactory weekly report from the manager. The No. 2 bore yielded 100 barrels, of oil. The reaming of the Birthday well is progressing, boring at No. 3 is down to 3000 feet, and the bore is nearly full of oil. The directors will forward quantities of oil for testing in the Navy, and also to people interested in refining.