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N.Z. FARMERS CO-OPERATIVE ASSOCIATION.

— a The New Zealand Farmers' Co-operative Association, through their London Agents Messrs Wm. Weddel and Co., Issue the following market report: 16 at Helen's Piaee, London 8.C., Maroh 8 h, 1889. Wool. -Since the close of the first series of auo v lous for the current year (on 19 h ult.), no change has taken place in the general state of the trade. Reports from the manufacturing districts at Home and on tbe Continent, speak of a large consumption at prloas, however, whioh | leave no margin of profit on ourrent rates for the raw material. Private enquiry has | absorbed some 1300 bales (Australasias 400 bales, Otpa 900 bales) of the quantity bought In at last auctions, the prioeß obtained showing a slight Improvement. Daring the past month the value of English and deep-grown wools has tended 'o decline, but It Is likely that the comparatively high level ruling last month for the coarser descriptions will be fully maintained at the forthcoming sales which begin on 2nd April. Arrivals to date embrace 102,000 bales Australian, 20,000 bales New Zsaland, and 26,000 biles Cape. Grain.— Tho weather, has been bright and cold till within the past day or two, and the demand whioh was fairly steady until yesterday, bas to-day slackened off and the market doses quiet. S>me holders of Now Zealand wheat are rather Inclined to press sales, and quotations for that description are lower on the fortnight—We quote :—• "Ex store sonad long-berry, good to fair 40s to 4ls per 4981b5; ex store shortberry, good to fair. 37s 6d to 39s per 4961'0b. It is fortunate for the London market tbat the "Phyllis" and "lochkelth" have been sold to outports. The former cargo sold at 37s and the latter at 36) 6d, ! The ' market Is now likely to be largely affeoted by the weather and Home crop prospects. At present tbe position Is considered favorable for farmers, and there Is less enquiry for parcels on passage than for those arrived. - — -Obcetss-v— M«rk«t-r_thae_dull, The Fifeshire steamer brought eome fair quality oheeaa in good condition which sold at abou' s4 j per owt. Being early made they were of course not eqaal to the finest Autumn -made Canadian which are selling at 56s to 683 per owt. Supplies of New Zealand have been reoeived too Irregularly this season to satisfy buyers' requirements. Butter. — All descriptions have of late been sca-ce and in strong dem.nd. Tbe limited arrivals of New Zealand parcels have met with prompt sale In every Instance at muoh better rates than were obtainable last season when the trade was only starting. It Is hoped that the absence of regular {supplies this season will not prejudice the extension of the trade here, but it is unfortunate from buyers' point of view, that circumstances ar-^e to divert oolonlal supplies from this m»rkot bo eoon after consumers had learned to appreciate their merits. The shipment ex "Ooptio" (s) sold readily at from 110j to 120a per owt. The market doses fairly firm, but a continuance of mild weather will almost necessarily lead to an Increased supply of European kinds and a consequent reduction In values, We quote :— : Finest Normandy butter, 124s to 132i per owt ; finest Danish butter, 136j to 144s par owt ; finest New Zealand butter, 118s to 122) per owt ; secondary New Zealand butter, IJ.Oj to 116s per owt. Tbe shipment per "Ruapehu" (e) Is now in course of being lauded, apparently In good order. Fbozen Mb at.— The general trade has been rather dragging during the paßt fortnight despite a spell of cold bright weather whioh lasted until yesterday when rain fe.il with a higher temperature Supplies, < though not very heavy, have fully sufficed to meet tbe demand, aud now that Lent has oommeuoed there is, at least temporarily, a reduoed consumption. Con-, tlnental supplies have fallen off as usual during this time of the year, and as River Plate sheep have been very short both in London and Liverpool (owing to accidents to steamers engaged In that trade), It has been found possible to make considerable progress In the disposal of Now Zsaland consignments. Price?, however, show no material alteration, the slight improvement obtainable last week having been lost recently* The valuo of River Plate sheep baa boon unusually close to tbe rates obtainable for the bust New Zealand 1 mutton, the soaraity and improved. quality of (he former tending to'' that result. Recent arrivals from New Zealand, viz : —"Fifeshire" (s), "Coptic" (s) and (> Buapeha" (a) are " In good order, and the quality of those portions whioh have been marketed is much better than tha quality of the bulk of last year's arrivals, 'but many of the carcases are now too fat ; and Inasmuch as small sheep of all kinds are loaroe, tbe lighter carcases have been selling relatively better than tbe heavier. The Ahlelgh Brook Is now In the river, and with the addition of that cargo stocks are again heavier, being about 160,000 or 170,000 carcases. It Is this factor that operates most strongly against an advance In values; Lambs are scarcely yet In large demand, but as arrivals have not been excessive fairly steady price* have been maintained. The general no^lty of New Zaaland parcels is very good with a tendency, however, to fatness in many cases. Beef has been alow of aula until io-day, when, owing to the non-arrival of an overdue steamer at Liverpool, sales of New Zealand are being more freely made. To-day's Smltbfield quotations are as fallows : — Prime Sootoh mutton, 4jlod to 5a 2d per 81b ; Prims English do 4* 8d to 6a 2d per 8b ; do Foreign do 4t 2d to 4s 6d pnr 8lb; do New Zealand do 2 1 Bcl to 2a 10d per B.b ; eeoondary New Zealand do 2s 6d to 2a 81 per 81b; River Plato do 2a 7d to 2s 8d par 81b ; New Zealand lamb, 3s 4d to 4j 4d per 81b ; New Zealand beef, hind quarter, 2s 8d to 3a per 81b j do forequarter, 2a 44 \Q 2« 6d per B,b,

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N.Z. FARMERS CO-OPERATIVE ASSOCIATION. Ashburton Guardian, Volume VII, Issue 2120, 27 April 1889

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