COMMERCIAL CABLEGRAMS

Otago Witness, Issue 2812, 5 February 1908, Page 24

COMMERC IAL CABLEGRAMS

LONDON, January 28. Bank Shares. — Xevr South Wales — buyers .£ll, sellers £-12; Union Bank of Australia — buyers £58, sellers <£59. January 29. At the tallow auctions 1428 casks were offered, and 157 sold. Fine mutton, 33* 63; medium, 31s. Fine beef, 32s 6d; medium, 30s 6d. January 31. Wheat: The markets are slow, and tending doim wards, the heavy American and Argentine shipments count-exacting t-he effect of the reduction in the- bank rate. Cargoes are neglected. South Australian, — Afloat, 39s 6d to 40s ; new crop loading, 40a ; January and February, 39s 3d ; steamer parcels (January and Februaiy), 39s 5 March, 38s 9d. Australian spot quiet at 44s 6d to 455. Flour is dull. American declined 6d; Australian patents, 29s to 30s in London ; 30s at Glasgow. Sugar j German, 9s lid ; first" marts, lls 7d Bradford wool : Very quiet and de-

pressed. Merinos nominally are unchanged ; common sixties, 25£ d; super 26id. Butter: Very firm. All colonial is rapidly absorbed. Choicest- Australian, 118s to 120s; secondary, 116s; Xciv Zealand, nominally, 122s to 1245 ; Danisb, 126s f to 128s. There is a prospect ff a further rise all round. Cheese: t^uiet. New Zealand white, 61s, coloured, 62s Canadian, 2s moie. February 2. Frozen Meat — Xew Zealand mutton and lamb unchanged. Beef (1801b to 2201b, f.a q ) Ox hinds, 3»d. Hemp: Quiet. January and Jlaicli, £27 15s. Hides- Neglected. Xommal piices Queei sland heavy ox, 4Jd ; 1 ght ox, 4Jd ; cow, 4Jd. The tallow stock is 14,850 casks, the imports 8525 casks, dehveiies 4454 casks. Leathei . Dull. First dressing hinds, 15Jd; basils, \d cheapei , first Wellingtons, 18id. Rabbits- Quiet and unchanged. English aie plentiful.