COMMERCIAL.

Timaru Herald, Volume XCIV, Issue 14658, 27 January 1912, Page 5

COMMERCIAL.

I LONDON WHEAT MARKET. j \ Press Association—By Tel.—Copyright. : } _,_ LONDON, Jan. 20. j j Tile wheat markets nre quiet, and ■ j buyers ir.di;i'i-i'c.;iv. A preliminary el-: I fi.-:::l Cjl-imave of tho Argentino crop | ! is .J.in-J.LiUO tons. i | For South Austrian, November I I shipment, 37? Gel is asked and 37s 3d ! | Kir March; "7s 3d for Victorian load- I j nig; 3Gs 3Jd was jrud for a parcel of j | Australian. January - February ship-! ' j mout. Thoro is a quiet demand for j I Australian on spat at 3Ss. I DAIRY PRODUCE. I Butter is dr.!). buyers abstaining to the utmost possible-. Choicest Australian 126s to 1255, occasionally 130s. Now Zealand 130s to 1345. Some Vic- | torian and New South Wales is show- ; nig signs of boat at time of manu- < i facturo. ! Cheese, is quiet, New Zealand 72s to j 73a. ; MONEY MARKET. Lord Aldwyn, at a meeting of the .London Joint Stock Bank stated that < nine of the largest London banks had . written off GJ millions for deprccia- ' tion of gilt-edged securities sines ■ 1003. The Joint. Stock Bank had i : adopted a policy of investing in short i j date bonds instead of Consols. j Bank rate for short loans 3?,. Tliree 1 months bills 3 11-1G; Paris. 3: Berlin. 1 3ij VICTORIAN WHEAT STANDARD. | MELBOURNE, Jan. 26. | The "F.A.Q." wheat standard has i j been fixed, at Cljlbs. ' INVERCARGILL WOOL SALES. ' Per Press Association. J INVERCARGILL, Jan. 26. < The first sale of tlie season, bold -j here to-day, was largely attended. | Prices compared well with those ruling < in northern centres, and were well ; maintained, and in many instances , growers obtained more than they ex- ; peeted. Compared with last Dunedin sale to-day's sale was entirely satis- i factory. England, America, Franco. , and New Zealand were ren- 1 resented by bnyers. Ross and Gleii- . dining, Dunedin. were directly repre- < sented for the first time at an Inver- ■ care-ill sale. Of tho 15,209 bales offered (a record ', for Southland! very few wero pa=sctf in, and most of the ; e were suhse- . quontly disced of. The competition ] was animated, and there was no sign ' of dragging throue;bout the dav. American birrers competed keenly for ! , well-bred and well-conditioned wools. I - Hogget -wool wns most in demand, and '. ranrred from lOd to md. Pieces also - were strongly competed for and rea- j , lisorl as much as W. The top price . or tlm sile tt."-- 12d. for thre» bale-- | ] of Kalfbred, sold en account of Donald j • McKenzie, of Dipton. j ' I