COMMERCIAL.

Timaru Herald, Volume XC, Issue 13235, 15 March 1907, Page 5

COMMERCIAL.

THE LONDON MARKETS. -United Press Association —Per Electric Telegraph —Copyright,. LONDON, March 13. Wool is, animated at. the opening rates. American..'and'"Cbntrneiiital buyers are; purchasing, merinos and fine crossbreds.. The: American visible supply of, Wheat- -is 79,026,000 bushels, - , : , . • I'ANIC IN WALL STREET.' NEW YORK, March 14. : : A panic in Wall street, caused great.de- ■■ moraliisation,' and all 'active issues. doci'Jined three to twelve points. The panic is attributable to the. banks "calling; in- loans to meet heavy impendingdisbursements,.... .Mr Cortelyon, Secretary-to the Treasury, announced that thirty miilioii dollars •which Mr Shaw,' Secretary to the Treasury; Department, had .deposited in the banks would not, lis withdrawn at present. : Consols "touched 34 11-16; and closed 4-16 higher. ■ : : LONDON, March 14. .The ''Times" says that i]ie panic is part'V diie .to lieiyy . liquidation in. American shares, and feai'si thh,t an advance in the bank rate, will, also, .result., from the prolonged spell of dear money, active trade, audi ' high prices ..of. conimodities:; also the many wild rumours of financial embarrass-* nient on. the Continent. MELBOURNE, March 14. At the hide market to-day (supplies were short; prices- Were firm, but unchanged. Messrs Dalgety and Co. report under date, Londodn March 13th "Since our fast telegram prices of'.tallow in general are. higher on ilis average by 6d per cwt." Messw . Webb/andiKempthbrne have received: the following : cable-message fromj the Colonial. Consignment' and Distributing. Company's '. London :, office;: -—Values for frozen meat continue to decline. Quotations a T e—Mutton,. Canterbury, Wellington, amd- North Island, 3-Jd 1 . .' Lamb —First' quality. -5.1 d : second, sd. Beef— Hindquarters," 3|d; forequarters,