COMMERCIAL.

Gisborne Times, Volume XXVII, Issue 2676, 4 December 1909, Page 2

COMMERCIAL.

LONDON WOOL MARKET

The New Zealand Loan and Mercantile Agency Co. were yesterday in receipt of the following cablegram from their London office re wool: —“Wool sales: 97,0CX) bales sold at wool sales, 48,000 bales for Continent, with good competition, 4500 bales for America. Average current London values of the undernoted descriptions of New Zealand greasy wool: Good merino 14d, medium do ll}d, inferior do 9}d, fine crossbred 15d, medium do 13}, coarse do (40’s) 9sd, coarse do (36’s) 9d. As compared with last sales’ closing rates prices are about 5 per cent, higher for Jambs, medium greasy crossbred, coarse greasy crossbred, scoured crossbred, and fine crossbred slipe; about 5 to 7} per cent, higher for coarse crossbred slipe and medium crossbred slipe ; about the same for scoured merino super and fine greasy crossbred; and about 5 per cent .lower for merino ' medium and inferior, scoured merino lambs super, greasy merino super, and greasy merino.” WOOL SALES. United Pkess Association —Coi'yiiioiit. LONDON, Dec. 2. The wool sales closed firm with strong competition. TALLOW SALES. LONDON, Dec. 2. Tallow: The stuck on. hand is 2645 casks; imports, 1975; deliveries, 2325. HOME MARKETS. (Received December 3, 9.40 p.m.) LONDON, Dec. 3. Bank of England returns: Gold eoin £3,535,000, reserve £25,776,000. The proportion of reserve to liabilities is 25.99 per cent. Bills in circulation £28,965,000, public deposits £5,323,000, other deposits £40,686,000, Government securities £14,413,000, other securities £23,503,000. Consols, 82-f. New South Wales 4 per cents., 106§; do 3}, 98|; do 3, 86. Victorian 4 per cents., 102; do 3}, 96}; do 3, 84$. Queensland 4 per cents., 102}; do 3}, 96}; do 3, 84}. New Zealand 4 per cents., 105}; do 3}, 97}; do 3. 86, or ex dividend 84§. Tasmanian 3} per cents., 96}. West Australian 3} per cents., 98}; do 3, 88. . - _ Butter is easier owing to large arrivals and prospective heavy- supplies, but there is a steady demand for choicest colonial, which is clearing well. Australian salted 112 s, unsalted 114 s, secondaries 104 s to 108 s; choicest New Zealand 116 s; Danish ,124 sto 1265. Stored Australian and New Zealand butter i s practically cleared. Iron: 50s 3d.

Spelter: 235. Sugar: Firm. German. 12s 9d, first marks 14s Bd. .. \ The Bradford wool market is dull and unchanged. (Received December 3, 10.15 p.m.) The bank rate is 5 per cent; short loans 4 per cent. Three months’ bills: London 3}, Paris 2s. 'Berlin 4}. South Australian Government stocks unchanged.