COMMERCIAL.

Nelson Evening Mail, Volume XLV, Issue XLV, 12 August 1910, Page 8

COMMERCIAL.

LONDON MARK ETS. Pbess Association. —Coi-xright. (Received Aug. 12. 8.20 a.m!) LONDON, Thurs. In wheat an .Australian cargo -sold at , 38s 9d, and 7500qrs. of August-Sep-tember shipment at 39. j Copper oTispot is at £556 Is 3d, and at three months £56 17 s 6d : electrolytic £SB 10s. Tin on spot £152 10s.. and at three months £152 7s 6d. Silver is at 24Vjd. The American visible supply ,of -wheat is 26.957.000 bushels. Shares: Waihi Junction, 3Ss &d to j 40s. ' .. , j THE MERCANTILE BANK. A PURCHASE SCHEME. (Received Aug. 12, 9.20 a.m.) Thursday. Meetings of shareholder* in th e Afelbourrie Trust Company unanimously authorised the conditional agreement to purchase the Mercantile Bank. A meeting of the latter confirmed the sale. • AUSTRALIAN MARKETS. ADELAIDE. Fridav. "Wheat, 3s Hid. Flour. £8 15s. Bran Hid. Pollard", lid. - MELBOURNE, Friday. In hides competition was dull and all classes were Ad to £d lower. Wheat 4s" 4id. Flour." £9 lCs.\ Oats, feeding. Is 9d. t Barley, Prime English malting. 4s 3d; Cape, 2s 6d.- "Maize. 2s sd. . Bran and Dollard. £4 IDs. Potatoes to £6 ss. Onions. £3 10s to £4. SYDNEY. Fridav. Wheat, 3s Hid to 4s. Flour. £lO. .Oats. Tasmanian. 2*. 6d to 2s 7d ; Algerian feeding, 2s 2d to 2s 4d : milling 253 6d. Barley, Cape feeding. 3s : seedins. 3s 2d. Maize. 2s Bd. Bran and pollard, £4. Potatoes, Circular Heads. £3; ethers £6 to £7 10s. Onions. £4 to £4 10s. Butter. 112s. Cheese, Cd. Bacon, 63d. WELLINGTON STOCKS AND SHARES. /Special to "Mail.") WELLINGTON, Th: s Day. Mr A. T. Bate, Wellington, reports , the Wellington Exchange at noon to-day a* follows: National Mortgage and a ,| flational Mortgage 63 6 N.Z. River Plate, sale 40 9 Wellington Gas (first) 360 0 Wellington Gas (second) 272 6 Wellington Gas (3rd), prem. 46 6 N.Z. ShiDoimr, seller 201 6 - Wellington Woollens (ord.) 68 0 Wellington Woollen (pref.). sales... 535, 52s 6d ' ' - Taringamutu 30 0 May Queen, buyer 3 10 May Queen, seller 4 2 Sylvia, buyer 3 ut Sylvia, seller 4 i Talisman, sales 551s 3d. 565. 55 6 Waihi, buyer 162 0 Waihi, sales j.64 9 V\_aihi Junction, buyer 38 3 AVaihi Junction, sales N 39 0 Rcss Goldfieids, sales 4s, 4s Id • _ 4s, 4s, 4s, 4s. * ' National Bank. Bank of New Zealand Equitable Building Co.. Metropolitan Building Society, National Insurance, , New Zealand Insurance, Gear Meat (l=t and 2nd), Wellington Mca; (2nd and • ord, sellers), unaltered. - THE WOOL MARKET. The National Mortgage Co of New Zealand advises as follows on the wool • market:—The month just closed has not been particularly auspicious for'wool as both fine and especially coarse sorts are all rather lower than" at oc"innin~ of the month. This .define is not the natural sequence of bad trade. as ! quite a good business has been doin" all through the month, but is more or less connected with uncertainty as regards the future, and an unsatisfactory* feature of the situation is that very little fresh business has been coming to hand, almcst all the activity having been in connection with old orders. Owing to their scarcity, merinos have occupied a relatively stronger position than crosshreds. but signs are not wanting that the usual attacks to "bear" the market, previous to the opening of the new Australian season, are already being made. as witness the somewhat severe fall on the "futures" markets on the Continent, which can be attributed to no other cause. America, again, continues in a bad way, and there is scarcely any demand there for Australasian merino wools. The outlook,- it will thus be seen, is not altogether satisfactory, but at the same time it does not appear likely that fine wools will -suffer anv pronounced fall just jet. if only on the score of their temporary scarcity", in fact durj'n? the last few days there has been a better tone in the demand. Coarse cross-breds as stated have also lately been m less request, and* tops must be called about 5 per'cent. easier than during the currency of our May auctions. No doubt the marketing of our homegrown clip has induced extreme caution on the part of user's, but as with merinos, ne wbusiness has been very hard to get, and until this comes alo.ig higher prices can scarcely be expected.