COMMERCIAL CABLEGRAMS. LONDON. February 2

Otago Witness, Issue 2817, 4 March 1908, Page 23

COMMERCIAL CABLEGRAMS. LONDON. February 2

I Butter : Flat, and no demand. Priols. ' nominally unchanged, but the tendency is downward. , Whoat: Firmer, with an advance of from 66* to Is. Febr-ary '26. Butter: — The trade is at a standstill, Buyers are holding off in the hope of secur< ing a considerable reduction. II is- im< possible to quote colonial butter till trad« is resumed, but the nominal value is aboul 140s. Retailers are pushing margarine. , At the ta'low sales 1516 casks were offered, and 358 sold. Mutton : Fine, 33s 9d ; medium, 30s. Beef : Fine, 31s 6d ; medium, 295. - I _ February 28. i _ Wheat is hardening, and the inquiry ia improving. The American visible supply is 60,657,000 bushels. j February 28. I Wheat:' The markets are firm owing to j activity in America, where supplies . are falling off, and speculator's are trying j to cover short accounts, but legitimate j business is email in face of the enormous I quantity available. Cargoes are firm, and j there is little inquiry ; 35s 6d was paid for a 6team«r parcel of Aiustralian afloat. . Sales were effected in Australian spot at 37s to 37s 6d. | The butter mark-at nas collapsed. Tli« Copenhagen Committee lowered its quotation 18 kroner, making the London price about 12Cs. There is no business in colonial, wihich i 6 nominally worth about 120s. Retailers are still making margarine, but ifr is expected that the lower prices vnU revive tihe demand for butter. Flour : Fair business ; March and April shipments sold at 27s 6d landed. Bradford -wool is slow of sale. Forties, ll£d ; fonty-sixes, 13d ; common sixties, 244 d; super., 25d. March 1. Hemp: Depressed. February and April shipments are quoted at £26. I Linseed Oil, £25 ss. I At the rabbitskin sales 3215 bundles wera offered, and 2894 sold. The bulk was in poor condition, and prices declined Id to 2-d. A few good winter skins brought full rates. Frozen Meat. — Sheep: North Island, 3 best brands, 8 11-1,63; all other sort* | and lambs and beef unchanged. River Pl»t« sheep: Heavy, 3 1-164; light and beef unchanged. i Rabbits : Steady,' but unchanged. ! Galvanised iron, in skeleton cases, if quoted as follows: — Best brands, £14 15s< second brands, £14 7s 6d. I