COMMERCIAL.

Timaru Herald, Volume XC, Issue 13296, 27 May 1907, Page 5

COMMERCIAL.

THE LONDON" MARKETS. Press Association-By Telegraph-Copyright LONDON, May 24. Consola 84f-New-. South Wales .3i P ei * cents., 98$; Victorian 3£- per cents., 99£; Queensland 4 per cents., 105 i, per cents.. 99, 3 per cents., 37; New Zealand 4 per cents., 106; West Australian 3 per cento., 85. 'Other stocks are unchanged. Tint wheat markets are active and strong on "bullish" crop reports from America and Northern and South-Eastern Europe. There is a brisk inquiry for cargoes'. The sa'es of 15 cargoes of Australian and 12C0 quarters of South Australian -are reported, prices ranging from 34s to 355. Australian. on spot is held foi' 34s 3d. New Zealand stocks are -exhausted. The American visible supply of wheat is 79,776,000 bushels.

' There .is' a strong demand for flour; London quotation, 23s to 24s 6d ; Glasgow 275. Butter is dull and unchanged in price. There is a poor demand for colonial exospß for a few choicest- brands. Silver, 2s 6gd per 02. Sugar, German 10s per cwt; first marks lis 6d. The Bradford wool market is firm; forties, 17-^d; forty-sixes, 18^d; common sixties., 26§d ; super, 27fd. OPENING FOR TRADE. SYDNEY.- May 25. • TIIO Japanese- Government lias invited Australian merchants to send samples and catalogues to the Tokio Commercial Museum. NEW SO UTH WALES WHEAT YIELD. -.lt is believed that there are good grounds for sta,ting that the. revised' estimates of the -. New South Wales' wheat, yield -.show a falling off of romething like 2,500,000 bushels on thei first estimate. Messrs Dalgety and. Co., report under date, London May 23rd : —" Since our last telegram prices-, of New Zealand crossbred frozen lamb are higher, by par to per Id; prices for frozen, mutton ara firmer. The tone of "the 'frozen, meat market 'is firmer. The Copenhagen official quotation for bu'tter is im&lianged. The market for finest-.quality is firm at last quotations, but', for inferior quality the market continue..'! weak at a further decline. The market is very firm for all well-conditioned hides; for scored and.sloppy lots the market is easier and inclined to-go. lower."