COMMERCIAL

Timaru Herald, Volume XIIC, Issue 13656, 27 July 1908, Page 5

COMMERCIAL

THE LONDON MARKETS. v

Press Associafiun-By .Telegniph-CDpyright lOhjjON, July 24..,

' The wheat market, -is quiet ; fit' rales. The small supplies are to cause continued firmness; Cargoes ;;are held. 37k .6d was paid; for van Australian parcel afloat. •'- ~»->;. There is a; better inquiry for Hour,'; ab aii advance of about sixpence. ' '•"'

Butter is firm; Danish,, 123s per cwl.;' New Zealand 11,45.' , 'Australian is practically exhausted. Cheese "is'firm .and; changed in price. ,- '■'• - Sugar is quiet': Gevman, : 10s 'll'd.pcr cwb;i [first, marks, 12s 7d. ■'.•■'■.■'.. The Bradford wool sales are csceediiigiy slow, and confidence, in London values: is lacking; common sixties 23id, super'24idV Prices are nominal." At the' London sates the Tarndale clip realised 9(1, jtiiid ; .'.RS oveV'T...,7f&.- , At the sales there, strong demand for merinos, xbufc faulty crossbreds are slower of sale and .slightly cheaper. ' .", v "■

The.«-. Canterbury ■ Fanners' C'p-opeijative . Association, Ltd., have.received the:;fbl-. lowing cable message.ironir their • London office under date 25fch: July,. 1908 wheat market has advanced* 6d .per quarter;'; The market is affected favourably' by-small supplies .'coining to •.handl" ■-' -■' '''•' - !,i V'-: iIOW THE; CABLES: SHOULD BK -, ■ ■■. . BEAD. ■■; Exaggerated comment, continues Jo ■.^be'... made in regard to tine values at. which, the London sales have-opehedi ".New-.Zealand : Times;"'' iNoVgpod-'pur-pose; is 'served by leading-prpducirs-itp . beliove that a substantial, rise' has.itaken place and that values" aie rapidly;, advancing, to; a satisfactoix.ilevel. ::, While wopl must improve with ::a.-;return,.:tp. normal demand, in the northern-hemisy phere the return jrinsb naturally? be gWdual. ! As -itol the .cabled. infpnmibion,;re- ( garaing.jtliß pi-ogressi :of;the London.: vsahjs. we.would,remand .waders, of these,, columne, that 'few- men, even those .who ilcnpw;, every Surh-of: the market, can I ,accurately; jead' the. :bvie£, ■. cable ; advices., -. Even • in. importing'.oir local : sales,' .with, an intimate, knowledge of values .brokers ,find : itj difficult to make an exaqt s ;comparis;ou with" values ruling at, a. One lhas:onlyto a-emember Jhe vasb:Tango in wool quality to appreciate.-.this,.;fact- ■. Net only has the character, of t}ie wjjpt, to be ppneidered, but the yieli'and conptir.; tibn -have to, be reckoned,- wittu •, / betnveen.-the: lilies, of. sie cabh;V to .liflttd; within, tlie last few .day? we.fail ~to "step where, the ■ bulk of. North" Islantf' wools'have' appreciated anything in' value. Ta% th«> statement; that crossbreds .arelsfaridta| at paret'o fi-ye:per ccnt,.'advauce! ; bn' '.tne'.Y closing' Jatcs> of ..May' as 'a' fair "idpa ;tff.the position,' and thai. American tipn ; isVthe "cause." of "any adyaiice' 'takingplace, this. can only 'mean- tliitt per cent, advance is for Wools .the"'Anttlfi-cap'si-can- take--th*i .very: best de'selriptibiks,' the- finest .light-cdnditipiiea,'; crbssibreds,.>of which.' only' a small 'proportion I ' atfer i>n offer from "North" Island growers',' niajoVrty-'of :: bui; wools 'will, be' on par or show'" n'6 impiuy l #jteuti:-'ljititf Mix-"' rates.' And five'per'"ceWt. i; «dyanet> is- not I 'by any ; means nfeny' people would "make it < 6ui r ' Ai>\ ,'bjt. As we have before pointed u «ut an-advaiipe vknee on.' W high on i low'value' : 'different- . ; tp; ! aa advanfce ; .6n a .high 'value,'. 1 -- ;.-»6r Wstttttbo;' five per cent.V-on 6d' ; is per cent. bU Is; apid this, advahw worth- 6d is' only abbut:4di-hothing; ; .W oveiy when«' li tlie' ,; 'W<)olß thus, improved m value- ar<> ; fu'lly;>Sd !a l pound : cheaper thari'-vthey- t*elw months ago. - priced *>t the sales'of last week «bme ; have 1 littW-ctbubt WaiorJtyi.tM , i any North-Island wools any advance on the closing rates of,the -May sales. ■''■'' I'' . • "''v."'i *