COMMERCIAL.

Poverty Bay Herald, Volume XLII, Issue 13604, 9 February 1915, Page 7

COMMERCIAL.

(Press Assn.— By Telegraph— Copr'riK&t.) LONDON", February 7. The New South Walse loan nas been largely over-subscribed. It is understood that the Stock Exchange committee opposed the Jiew South Wales loan, 1 " but finally yielded to pressure. The imports for January decreased by £604,003. Ehcports decreased £19,---557,573, and re-exports £2,701,478, a» compared with the previous January. Wheat is quiet and firm, advices of general rains in Argentine counteracting larger shipments. Bumper' wheat harvests in India are described as absolutely certain.. The wheat and flour afloat for the United Kingdom, is 2,060,000 quarters, for the Continent 2,230,000 quarters, Atlantic shipments total 628,000 quarters, Pacific 70,000 quarters. The total for Europe is 1,230,000 quarters, including India 11,000 quarters, and Argentina 230,000 quarters. The wool sales closed well sustained, competition being firm for all sorts. Merinos generally were 10 per cent above December rates, and crossbreds fully 5 per cent. The United States has taken 15 ; 500 bales. The following prices were realised for the fleece portions of the New Zeaand clips named: White Rock, top price Isid, average 14|d; Tokiur 14£d and 14ds Whanga 15d and 14|d. There were catalogued up to Fridav 130,808 bales, and sold 125,731 bales*. • The Incorporated Society of Meat Importers' Smithfield mal'ket quotations for the undermentioned classes of frozen mejit are based on actual sales of not less than 100 carcases of mutton or lamb, or 25 quarters of 'beef of fair average quality. The quotations are not for selected lines, but for parcels fairly representative of the bulk of the shipments now on the market. The prices which follow are on the average a farthing per" >!b. more than the values ex ship, this difference representing an average cost in expense, handling, conveyajice, and selling the meat: — Mutton : Canterbury light, this week sgd, last week s£d; Canterbury medium Canterbury medipm s|d— s£d ; Canterbury heavy sJd— 6£d; North Island ordinary 5 7-16d— 5 7-16d ; North Island best 5Ad — 5 7-16d ; New Zealand ewes 5 3-16d— 5 3-16d ; Australian light 54d 5 l-16d ; Australian heavy 5 1-lod — 5 l-16d ; Australian ewes 4 15-16d — 4 15-16d ; River Plate heavy s|d— s£d. Lamb Australian best, this week 6^d, last week 6£d ; Australian fair 6Jd — 6|d ; Australian inferior 6d — s|d ; River Plate best 6£d—££d ; River Plate seconds 6^d— 6|. Frozen beef: New Zealand fores, this week 5 13-16d, last Aveek sj|d ; New Zealand hinds 6§d — 6 5-16d ; Australian hinds 6Jd — oj;. Chilled beef: River Plate fores, this, week 6£d, lost week 5Zd ; River Plate hinds 7^d— 7^d. x