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COMMERCIAL.

The English Markets-

The following is Messrs Miles Bros, and Qd’s' colonial produce report, dated London, April 8. ■ Wool—The first series of colonial wool sales for the current year, which commenced on the 15th February, closed on the 25th ult., the catalogues having comprised the following quantities Sydney and Queensland, 60,704 bales; Victoria, 130,038 bales ; South Australia, 42,570 bales ; Swan River, 268 bales ; Tasmania, 322 bales; New Zealand, 16,009 bales ; Cape of Good Hope, 27,089 bales; total, 277,161 bales. Against 188,650 bales at the corresponding series of last year. Of this quantity about 150,000 bales were taken for export, and the parcels bought in and held over amount to, say 30,000 bales. Prices, with some slight variations, ruled throughout the series at the decline on the opening night of Id per lb for greasy and l£d pee lb for washed and scoured wool. Extra superior flocks were not in good demand, and showed a decline of 20 per cent, on the rates ruling at the February sales of last year. Lambs’ wool sold at about the previous low range of prices. Crossbreds. showed a considerable decline towards the middle of the series, but the demand having increased at these latter sales, prices for fine lota now show but little alteration from December rates, while the.lower grades are now about on a ' par with opening prices. Towards the termination of the series foreign competition became more animated, and a firmer feeling prevailed at the close. Wheat and Flour. —There has been but little alteration in our wheat market during the past fortnight. Deliveries of •Rnglinb wheat continue to decrease, quotations from America have lately been and holders of parcels on the spot ask rather more money. On the other hand, there is an absence of speculation, and'buyers are merely purchasing to supply their immediate requirements. The cargoes on' passage amount 2,241,500 quarters, against 1,650,000 quarters in the corresponding week 1880, and the visible supply in" the United'..States' is now 21,400,000 bushels.' Stocks of Australian and,New Zealand wheat are very limited here. now. Australian, on passage, has been sold for 48s 3d, iron vessel, 8,000 quarters, January, 8.L., for orders ; and 46s 9d for a parcel, January, 8.L., iron ship, London direct. Cargoes of New Zealand for April and May shipment have been offered at;4sa 6d ; Australian terms, U.ILj but there were no buyers at that figure. In oats, lower qualities are cheaper, but heavy samples being rather scarps'have advanced Is per quarter. Barley ip rather dull of sale, the malting season being; nearly oyer. We quote, ex granary, Australian wheat, 51s to 6ls 6d per 4961b5; New Zealand long berried 48s to.'sls ; good ordinary, 46s to 60s and inferior, 42s to 455. Australian flour superfine, 33s to 35s per 2801bs ; house - hold,3lsto 355; New Zealand d0.,30s to 33s New Zealand malting barley, 30s to 38s per 441bs. New Zealand beans, 45s to 47s per 4481b5. New Zealand oats, fine, ,26s to 30s; and common feed, 22s to 25s per qr. imperial. New Zealand peas,"46s to 48s per 5041bs ; and Australian, 34s to 375, same weight. New Zealand oatmeal, 190 s to 210 s per ton. Tallow.—Australian tallow has been in good demand, and at sale to-day all that was offered, viz., 945 casks, sold at previous rates for mutton, beef bringing an advance of 6d per cwt., the former realising 36s to 36s 6d, and the latter 33s 6d to 84s per cwt. for good to fine. The stock in importers’ hands is now very small, . viz., 1,500 casks, but doubtless with a change of -wind there will be many arrivals

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http://paperspast.natlib.govt.nz/newspapers/AG18810602.2.4

Bibliographic details

COMMERCIAL., Ashburton Guardian, Volume 2, Issue 360, 2 June 1881

Word Count
601

COMMERCIAL. Ashburton Guardian, Volume 2, Issue 360, 2 June 1881

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