COMMERCIAL.

Timaru Herald, Volume LXXVI, Issue 11659, 18 January 1902, Page 3

COMMERCIAL.

United Press Association—Per Electric Telegraph—Copyright, Beceived 11.41 a.m., January 17th. LONDON, January 16. Wheat—A New South Wales cargo has been sold at 30s. The American visible supply is estimated at 93,572,000 bushels. Copper, spot, £45 17s 6d. Lead, £lO 7s 6d. Beceived 11.12 p.m., January 17th. LONDON, January 17. . The Bank of England reserve is £23,- \ 460,000; coin ana bullion, £32,901,000; proportion of reserve to liabilities, 44.61; fn circulation, £29,292,000 ; public deposits £lO 328,000 ; other deposits, £42,047,000 , GoverrTment securities/£20,373,000; other securities, ,£26,797,000. Three months bills are discounted at per cent. Consols, 93|. „,, New South Wales 4 per cents., lit),. Victorian 3* per cents., 104*. Other stocks are unchanged. The wheat markets are quiet. liie American market is weak and irregular, owing to the failure of a large operator in Chicao-o. Business in cargoes is dull. A South Australian November shipment has been sold at 30s 3d. Fair trade is doing in butter; colonial, 104s to 106s. The Kumara's cargo was landed in excellent condition. Danish is flat at 108s to 109s. Cheese is firm, but prices are unchanged. Babbits are firm at B*d to 9d, owing to light shipments. Hares are neglected. Sugar is firm; German, 6s 6d; first marks, 8s 3d. .net j-i ™ Covper is firmer; spot, 46?; three months, 47iTin is steady; spot, 104J; three months, 101*. Pig iron, 49s lid. Lead, 10 7-l6ths. Snelter, 16 11-16ths. Silver. 2s 1 11-16 d. The Bradford wool market is steady. I Prices are unchanged.

THE CHRISTCHUECH WOOL SALE,

Per Press Association. | CHRISTCHURCH, January 17. J <V t tlie third of the series of wool sales today «i catalogue of 14,200 bales was offered, and about 75 per cent. sold, hnglish and foreign buyers attended m xorce, and bidding was more spirited than at the December sale. The woollen mills competed for superfine lots and merinos, as well as tor fine wool. There was improved competition for light and good conditioned crossbreds. Local scourers paid full rates for locks and pieces. As compared with the December sales merinos were ,d to *d higher, and good crossbred* id to s cl higher, lialfbreds were easier by id to l ? d, and medium and strong wools and inferior kinds were easier by id Onlverden merino again topped the market with V; super halfbred makmc; up to Bid, best crossbred 61d, while first merino pieces sold up to 7jd.