COMMERCIAL

Timaru Herald, Volume XIIC, Issue 13810, 22 January 1909, Page 5

COMMERCIAL

Press Assoeiation-Bv Tekgraph-Copyrni'it. LONDON, Jan. 20.

Lead, £l3'2s 6d -per.-'ton. 1 Two Australian cargoes of. wheat sold at 36s and 37s Lid respectively, the American visible-supply of wheat is 81 million bushels.

!••" At the tallow sales, 1035 casks were offered, and 602 .sold. The prices for j;ood sorts are unaltered, the rest are !.J3d dearer.

I Tfjere is good : competition at ' the ;wool sales at opening rates. Good mierinos barely maintain the November iovel.

SYDNEY WOOL SALES

Received 11.5 p.m., Jan. 21st. SYDNEY, . Jan. 21

At the wool sales there was keen competition for super and, poor quality wools, but an irregularity-was noticeable in good grade wools, and in some cases an easipr tendency. The highest price realised for; greasies was • 143 d.

SALE OF HIDES

MELBOURNE, Jan. 21.

At the sale of hides supplies were moderate. There was a good demand, and prices were iirm.

CANADIAN LOAN

OTTAWA, Jan. 21

Canada is arranging for the issue of a £6,000,'000 loan at 3£- per cent., the bonds to ■■, have a currency of: ten years, and the minimum £99 os.

NEW ZEALAND LOAN

Received 12.20 a.m., Jan. 22nd. LONDON, Jan. 21

New Zealand has placed £600,000 4 tier cent, bonds with a seven years' currency at £IOO 10s to £lOl.

Per Press Association

WELLINGTON, Jan. 21

A cable message from the High Commissioner, dated London, Jan. 20th, states that the wool sales have commenced. Home and foreign buyers are present in large numbers, and there is great competition. All descriptions of fine wool are very firm at Dec-ember prices; medium and coarse grades are a halfpenny higher.