The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1884-02-28
FINANCIAL AND COMMERCIAL

Review of Portland Wholesale Market.
FOR THE WEEK ENDING Feb. 81.
There very few interesting features to note in
the Wholesale MARKERS and business of all kinds
has been seriously interrupted by the unfavorable
weather, which appears to be the only thing in the
way of good healthy trade. In Grocer. es, Teas
have attracted the most attention account of the
large speculative movements in New York, where
the sales during the first two days of the week un-
der review aggregated 100000 pounds, and prices
advanced 1c " ID on Japans. Since the exchange
was opened in New York few months ago, prices
have gained to 10c per pound. Outside buyers do
not fully respond to this advance but regu ar sales
have been male at within &c of the exchange rate
and it is safe to say that Japans and Formosas are
to sc higher than the opening rates this season.
Here business has been comparatively quiet as deal
well stocked, but holders are very confident
in their views, and Indifferent about offering except
at extreme prices. In quarters there is feel
ing that the rise has been too rapid and that re-
action will set in if legitimate buyers win hold back
little but the prevailing opinion is that the sta
tistical condition of the market warrants the ad-
vance, and that values viii be no lower this season.
There has been fai jobbing demand for Flour the
past week and the tone of the market is firm for all
brands, particularly winter wheats. Dispatches
from New York tonight indicate higher figures on
several brands with a steady market at Chicago
while in this market quotations the same as pre-
viously noted. In Provisions notice a moderate
business in Pork and Lard with no material change
in prices but Plate and Extra Plate Beef are quoted
roc y Dbl lower than yesterday. Grain has been
steady during the week with variation in prices.
Cheese is firm and the stock on the markec is ght;
1215@16c were the ruling rates to-day. Sugars
are easier SC for graduated and 71Ac for Extra
G. Eggs have been coming in quite freely and now
% to 24c % doz full price. Cabbages are about
SIS y ton higher than last week and command $40
Butter off early in the week, but t wards the
CLOSE a steadier tone manifested on fine graoes
and the outlook is encouraging Apples remain
the same. In Oils Portland Refined Petroleum is
IA lower; Linseed is strong with an upward ten
dency; in New York an advance has been estab-
lished In Cordage we quote better figures on ST.
sal. The Lumber trade continues quiet with lower
price on Clear Cedar and Spruce Shingles; Spruce
Laths have declined to 2 SO. In Iron, Common, Fl.
c. and galvanized have downward tendency. Wire
is extremely low and it is believed that bottom rates
have been touched; 90 to 90 per cent dis. from list
is now made. Fresh Beef is steady and firm with
out material change in prices. Swift Bros g. Co.
will ship on Sarnia now loading here for Liverpool
696 quarters of beef and SO mutton; the same Arm
shipped on her previous trip ga quarters of beef
and 80 mutton. Today's prices of beef are as fol-
lows; sides at s14@912c " ID, hind quarters 111a
@l214c, fores at 7971sc, rounds with TANKS at
9h@loc, rounds at lie, rumps and loins l3@15c,
rumps &c, Joins I4918c, rattles 619c backs 8@9c,
chucks 61a@7c. short rib cuts 12@13c.
FREIGHTS.
Coastwise lumber freights are lower; schr Bram-
hall chartered to day for New York at So % NJ
and the Schr Grace Cushing last Monday at S21s
Schr Perseverance, is reported chartered from
Rockiand to New York with lime at zoe.