COMMERCIAL.

Timaru Herald, Volume LXIV, Issue 3559, 11 May 1901, Page 2

COMMERCIAL.

[ United Press Association—Per Electrio Telegraph—Copyright. Received 8.56 a.m., May 10th. LONDON, May 10. The Paris newspaper "Le Matin" says that the French banks are issuing a Russian i loan of £16,000,000. Wool.—Wool has a good sale, and prices are unchanged. The sales included Merrivale s|d, Tenakoe 6jjd, Oreel 7Jd. Linseed oil, 34. The American visible supply of wheat is 60,298,000 bushels. The cargo of the Wynford and Sterling, South Australian, sold at 30s. The Balmore's cargo, Victorian, sold at 30s lid.

Received 1.20 a.m., May 11th. SYDNEY, May 10.

The delivery of the Governor-General's Speech has caused a flutter in the local import market. Importers are of opinion that the consummation of a Federal tariff at an early date was certain, and a speculative spirit was very marked. The volume of business done was much larger than for a long time. All the leading import lineß, including metals, jutes, oils, kerosene, candles, dried fruit and packed goods show a strong upward tendency. Per Press Association. WELLINGTON, May 10. Cameron, the New Zealand Government Produce Commissioner at Home, reports that at the time of writing, April 4th,. the cocksfoot market was still in an unsatisfactory state. There had been some speculative buying for next season. Owing to shippers in Manila hemp pushing sales, the market had been affected unfavourably. Tho capture of Aquinaldo and that the war in the Philippines is probably nearly over, has caused a tendency towards lower prices in the market. Regarding butter, Mr Cameron reports that although tho period after Christmas is one of decline, prices at the time of writing were ruling 9s per cwt above those of the corresponding period last year. Mr Cameron does not anticipate any hurried decline in prices. He has received a promise that enquiries will be made in the colony ns to why butter by the Rakaia and the Papanui was stored below frozen meat, thus hindering prompt delivery.

Messrs Dalgety <uid Co. report under date London, Bth May, as follows:—"The fallow market is unchanged since the last public sales."