COMMERCIAL.

Taranaki Herald, Volume LXVII, Issue 16448, 4 June 1919, Page 7

COMMERCIAL.

LONDON AIAEKETS. By Telegraph—Press Assn.—Copyright. LONDON, Alay 22. At the wool sales there was a fair collection of all classes. Prices , were firmly maintained. Short, burry and scoured locks and irregular "Galatea. New Zealand clip made up to 32£d, and averaged 30cl. The Bradford tops market was extremely strong, with great inquiry for merinos and fine crossbreds. Wheat.— Quiet. Small sales of Australian on passage at 80s. Flour.—Quiet and unchanged. Oats.—La .Platas on spot 60s to 625. Beans and peas arc held. Sugar.—Granulated 79s 9ci. Cheese is becoming plentiful. May distribution was 83 x>or cent, of the trade’s requirements. Canadian is quoted at 169 s c.i.f. Butter.—Supplies are increasing, but tho ration is unaltered. It is understood that the Food. Ministry will purchase the Canadian and Danish weekly, according to require-ments.—Aus.-N.Z. Cable Assn. (Received June 4, 9.80 a.m.) LONDON, Alay 22. The general advance in shipping shares is attributed to the purchase by a British syndicate of 850,000 tons ot the International Alercantilb Alannc fleet. It is rumoured that the Peninsular and Oriental Company is connected with the transaction. Consuls £56 12s 6, war loans £94 12s 6d and £B9 ss.—Aus.-N.Z. Cable Assn. AUCKLAND SHARE AIAEKET. QUOTATIONS. SPECIAL TO HEKALD. AUCKLAND, June 4. Alessrs. Hendry and Hay (E. P. Webster, local agent), report the following Stock Exchange quotations and sales: — Sellers. Buyers. £ s. d. £ s. d. Alining— WaiTu 2 4 0 2 3 3 Junction 013 6 012 9 Talisman 0 8 2 0 710 Banks — New Zealand 14 0 0 Insurance — National 3 IS 5 New Zealand 13 17 6 13 13 0 South British ..... 7 16 0 Coal — Taupiri 019 6 018 3 Shipping— _ „ Northern Steam 016 6 015 6 Aliscellaneous — , _ Auckland Trams 12 0 1 Iff Auckland Trams, pref 018 6 017 9 AVilson’s Cement 016 9 016 7

THE MONEY MARKET. Commenting on the state of the money market, the New Zealand Trade Review says: “As shown by the latest bank returns in our last issue, there was then a plentiful supply of muds available, and little has transpired sine© then to alter the position. Our exports for the first four months of the current year totalled £19,051,0ff, and our imports £10,545,883, both of which figures constitute, we believe, record amounts for the short period of four months. This leaves a splendid surplus of £8,505,661. In addition tp these exports we have in store awaiting shipment some six and a-half million ■ carcases of meat, 110,000 boxes of butter, 472,000 crates of cheese, and 450,000 bales of wool, valued roughly at about £22,000,000,- all of which has either been- paid for or liberally advanced against by the Imperial Government, and we may safely put these payments down at 18 or 19 millions, which shows whence a very large part of the present plentiful supply of funds is derived. As long as the Imperial Government continues to take our principal products at the liberal prices they are paying we need not fear any shortage of funds in New Zealand, but an increased number of vessels to remove all this produce is urgently needed. Mortgage money is freely offering at about 6 per cent., and the value of money appears likely to remain fairly steady.”