COMMERCIAL CABLEGRAMS

Otago Witness, Issue 2805, 18 December 1907, Page 24

COMMERCIAL CABLEGRAMS

LONDON, December JO. The Bradford wool market is very quiet. Merinos are holding their own, but crossbreds are neglected, and weak 46' s are quoted at Is 3id. December 11. At the tallow auctions 938 casks were offered md 252 sold, occasionally at 3d decline. Wheat: Offers of 39s 6d are made for the Victorian new crop, January and February ihipment. December 13. The wheat markets are flat, and there is a decline of about Is owing" to the Argentine crop being likely to yield from 21,000,000 to 22,000,000 bushels. The dear money is restricting speculation. Cargoes are neglected, though they are offered at lower rates. South Australian September shipment, 40s - 6d ; Victorian JanuaryFebruary- shipment, 39s 3d. The American visible supply is 63,880,000 bushels. - The flour market is dull and weak. Australian, 29s ex store. -. . Tit? butter market is slightly firmer. Choicest Australian, 116s; New Zealand, 118s to 120s; Danish uncbanged t The cheese market ia firm. New Zealand white, 60s to 61*. Sugar: German, 9s 8d; first mark©, 11s 3d. The Bradford wool market ia stagnant, and crossbreds ar« decidedly -weaker. Forties, 13Jd ; forty-^xee, 15d ; common sixties, 26* d; super., 27d. The price for forward delivery ie id less. DecemberlS. Frozen Meat. — it»i>k«tt-;---6s«<eTDTJty"^lS^l> S 15-16 d; IX'orJii- Island. 3sd; best brands? Sid. New Zealand lamb: Canterbury light.-' medium; 61d; heavy. Bid;"' Southland, s|a.i. Igajr Zealand beef: Unchan^ed^ "• t

New Zealand Hemp: Quiet;, quotations unchanged. I Copra: Quiet. South Sea, £18 17s 6d. ■' Rabbits: Dull owing to heavy supplies of English. ' Hides: Neglected and withdrawn from sale. Nothing doing in leather and basils.