COMMERCIAL.

Timaru Herald, Volume XIIC, Issue 13828, 13 February 1909, Page 5

COMMERCIAL.

THE LONDON MARKETS. Press Association-Uy Telepraph-Copyritrat Received 8.35 p.m., Feb. 12th/ LONDON, Feb. 12. The wheat market is firm, and prices are well maintained. The threshing returns from the Argentine are disappointing, causing some wheat to be shipped back. There is a strong demand for the Continent. An Australian cargo sold at 38s 9d; 10,000 quarters January shipment," 12,000 quarters March-April shipment, and COOO tons per steamers February shipment, 38s; 13,000 quarters February shipment, 38s lid; 24,500 quarters Feb-ruary-March shipment,' 38s 3d; 1300 quarters January-February shipment, 37s 10.U1. The sales previously reported at 38s 6d arc now contradicted. Australian on spot is almost exhausted, and. is nominally quoted at 40s 6d to 41s. .

The butter market is very dull; Danish is unchanged, and a very limited demand for colonial choicest. Australian salted 104s to 106s, a few lots 108s, unsalted 108s to 110s. Secondary sorts are almost unsaleable. Choicest New Zealand is quoted at 110s. Sugar, German, 10s; lirst marks, 12s 3d:, The Bradford wool market is linn; prices arc unchanged and business is restricted. the Westport loan of £200,000 at 5 per cent, lias been underwritten at £lOl.

DUNEDIN WOOL SALES. Per Press Association. DUNEDIN, Feb. 12. The third wool sale of the season was held' to-day when 7249 bales wore submitted. Buyers were well represented and bidding was spirited throughout. Prices realised for good wools were more in favour of buyers than sellers, but mediums were id to Jd in favour of sellers, as compared with last Januuarv sale. Faulty wasty and heavy conditioned lots were fully Id better than at -last sale', pieces and bellies were keenly competed for by Continental buyers and realised prices fully up to January rates. Merino wool was not keenly competed for and prices for many lots were fully Id below January rates. Prices ruled as follows —Merino super 9d to 9Ad, medium to good 8d to 83d: inferior 6Jd to 7-Jd; halfbred super IOJd to 12Jd, medium to good. 8d to lOd inferior 6id to 73d: crossbred super 9id to lWd, good 7Jd to 82d, medium 6Jd to 7d,, inferior 4Jd to 6d.