COMMERCIAL

Timaru Herald, Volume XIIC, Issue 13847, 8 March 1909, Page 5

COMMERCIAL

LONDON PRODUCE MARKETS

Press Association-By Telegraph-Copyright LONDON, March 5. ' The . wheat markets 'show- increased strength, despite the enormous quantity alloat, but .there is no excitement. The advance is based entirely on the urgent heed of wheat in importing countries. Cargoes are very firhi. A few first hand sellers of old crop afloat arc offering at 40s Oil to 41s, and. new at 39s 9d to 40s (3d: February-M.arch shipments, 39s 9d_; March-April sliipments; H)s; Australian, on spot, 41s 6d to 12s. .. -

Butter is quiet and prices generally are unchanged; New Zealand un sal ted 108s to I 10s. • AA r ool.—At the Antwerp' sales 5108 bales were offered' and-3914-sold. Merinos advanced 5 to 10 centimes, and crossbreds 10 -to 15 centimes. The Bank of Australasia announces a dividend of 12s with a bonus of Bs. The sum of £60,000 has been added to to the, reserve, £15,001) to the premises account, and £10,795 carried forward. AVHEAT MUST GO UP. Received 4.45 p.m., March 7th. LONDON, March 6. Bccrbohm estimates the requircmeiits of wheat importing countries at (53 million quarters, and the probable exports at 543 millions, therefore unless the trade has been greatly deceived in respect of America and Argentine, high prices arc inevitable,